M/s Sunglow Vinimay Private Limited Vs. Income Tax Officer
Case No: ITA No.262& 263/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL “D” BENCH, KOLKATA
Date: 10/8/2025
Parties Involved
appellantM/s Sunglow Vinimay Private Limited
respondentIncome Tax Officer
Facts Summary
The assessee, M/s Sunglow Vinimay Private Limited, filed returns of income for the assessment years 2014-15 and 2015-16. The case was reopened under section 147 of the Income-tax Act, 1961, after the Assessing Officer received information about accommodation entries amounting to ₹1,70,37,730/-. A notice under section 148 was issued, and the assessment was framed. The assessee challenged the reopening and assessment, arguing that the approval for issuing the notice under section 148 was granted m…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessment year 2015-16 is barred by limitation.
- 2. Whether the notice under section 148 for assessment year 2014-15 was issued in accordance with law.
Precedents Relied Upon
7 precedents cited in this judgement.