Nouvelle Securities Pvt Ltd Vs. The A.C.I.T
Case No: ITA No. 4852/DEL/2024 [A.Y. 2016-17]
Court: Income Tax Appellate Tribunal, Delhi ‘E’ Bench
Bench: Delhi ‘E’ Bench
Date: 2/6/2026
Parties Involved
assesseeNouvelle Securities Pvt Ltd
applicantThe A.C.I.T
Facts Summary
The assessee, Nouvelle Securities Pvt Ltd, received loans from four companies which were alleged to be bogus accommodation provider entities. The Assessing Officer made an addition of Rs. 2.51 crores, including commission for providing the entries. The assessee contended that the issues were similar to those in the case of Filatax India Limited, where the loans from the same parties were held to be genuine. The assessee submitted various documents to prove the identity, creditworthiness, and gen…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs. 2,46,00,000/- made by Assessing Office u/s 68 of the Income-tax Act, 1961.
- 2. Genuineness of creditors as shell companies.
3 more legal issues analysed in this judgement.
Precedents Relied Upon
7 precedents cited in this judgement.