M/s Singhal Fasteners Company Private Limited Vs ITO ward-8(4) New Delhi
Case No: ITA No.1992/Del/2020
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH ‘F’, NEW DELHI
Date: 1/9/2026
Parties Involved
appellantM/s Singhal Fasteners Company Private Limited
respondentITO ward-8(4) New Delhi
Facts Summary
The assessee, M/s Singhal Fasteners Company Private Limited, filed its return of income at Rs.4,83,598/- on 30-11-2006. The case was re-opened under Section 147 of the Income Tax Act, 1961, based on information received from DIT (Inv) New Delhi indicating accommodation entries received by the assessee. A notice under Section 148 of the Act was served on the assessee on 10-12-2013. After considering the submissions by the assessee, the Assessing Officer completed the assessment by making an addit…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the approval granted by the Additional Commissioner of Income Tax for re-opening the assessment was mechanical and thus invalid.
Precedents Relied Upon
7 precedents cited in this judgement.