Ojas Impex Private Limited Vs Income Tax Officer-19(1)
Case No: ITA No.3802/DEL/2024
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/2/2026
Parties Involved
appellantOjas Impex Private Limited
respondentIncome Tax Officer-19(1)
Facts Summary
The assessee, Ojas Impex Private Limited, received Rs.50 lakhs from M/s Divyadrishti Merchants Pvt. Ltd., which was treated as unexplained income and added back under section 68 of the Income Tax Act, 1961. The Assessing Officer received information about high-value transactions in the account of M/s Divyadrishti Merchants Pvt. Ltd. and conducted a survey operation. The director of M/s Divyadrishti Merchants Pvt. Ltd. admitted that it was a paper/shell company. The assessee failed to provide any…
Decision in favour of
Revenue
Legal Issues
- 1. Addition of Rs.50 lakhs as unexplained income under section 68