Morgan Signature Towers Pvt. Ltd. Vs. ACIT, Central Circle-31
Case No: ITA No.5715/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Benches
Date: 1/29/2026
Parties Involved
appellantMorgan Signature Towers Pvt. Ltd.
respondentACIT, Central Circle-31
Facts Summary
The assessee, Morgan Signature Towers Pvt. Ltd., is a private limited company and part of the Goyal Group. The return of income for the year under consideration was e-filed on 13.10.2023 declaring a loss of Rs.99,030. A search action under Section 132 of the Income Tax Act, 1961 was carried out on the Goyal group including the assessee on 10.01.2023. An addition was made based on locker No.1223 in the name of the assessee, which was not with a public sector bank but a private financial instituti…
Decision in favour of
Assessee
Legal Issues
- 1. Verification of the ownership of locker No.1223 issued in the name of Morgan Towers Private Limited.