Raj Shyama Construction Pvt. Ltd. vs. DCIT

Parties Involved

Facts Summary

The assessee company, Raj Shyama Construction Pvt. Ltd., is a private limited company engaged in road construction. For the assessment year 2013-14, the company filed its original return declaring an income of Rs. 4,24,43,610/-. The return was selected for scrutiny, and an assessment was framed on 31.12.2015, wherein the books of account were rejected, and an addition of Rs.67,73,795/- was made. Subsequently, a search was conducted on 11.08.2016, and an assessment under section 153A was framed on 28.12.2018, adding Rs.93,83,826/- on account of purchases from M/s Raja Construction. The CIT(A) confirmed the addition to the extent of Rs.26,10,031/-. The assessee appealed against these orders.…

Legal Issues

• 1. Validity of the assessment order dated 28.12.2018 and the order dated 08.06.2021 passed by the CIT(A).
• 2. Validity of the approval granted under section 153D of the Act.
• 3. Erroneous addition of Rs. 93,83,826/- on account of inflated purchases.
• 4. Reliance on the statement of Kapil Tyagi recorded under section 132(4) of the Act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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