Navgrahaa Jewels Private Ltd. vs Deputy Commissioner
Case No: ITA No.4786/Mum/2025
Court: Income Tax Appellate Tribunal Mumbai Bench 'B', Mumbai
Date: 1/30/2026
Parties Involved
appellantNavgrahaa Jewels Private Ltd.
respondentDeputy Commissioner
Facts Summary
The assessee, Navgrahaa Jewels Private Ltd., filed an appeal against the order of the NFAC, Delhi, passed under section 250 of the Income Tax Act 1961 for the assessment year 2013-14. The impugned order was issued by the Assessing Officer under section 147 read with section 144B of the Act. The Assessing Officer had made an addition of Rs. 1,72,69,594/- under section 69C related to bogus purchases. The appellant argued that the notice under section 148 of the Act was issued beyond the permissibl…
Decision in favour of
Assessee
Legal Issues
- 1. Reopening of Assessment under Section 148 is Time-Barred
- 2. Addition of Bogus Purchases under Section 69C and Addition to Total Income
Precedents Relied Upon
6 precedents cited in this judgement.