Sai Expo Fab Pvt. Ltd. vs DCIT Circle-22(2)
Case No: ITA No. 5998/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench ‘G’, New Delhi
Bench: Delhi Bench ‘G’, New Delhi
Date: 2/18/2026
Parties Involved
appellantSai Expo Fab Pvt. Ltd.
respondentDCIT Circle-22(2)
Facts Summary
The assessee company filed its return for A.Y. 2014-15 on 26.11.2014 declaring total income of Rs. 26,11,290/-. Subsequently, on the basis of information available on the Insight portal regarding bogus transactions made by the assessee, the case was reopened and a notice u/s 148 was issued. Assessment was completed u/s 147 r.w.s 144B on 27.05.2023, assessing total income at Rs. 2,72,57,014/-. Aggrieved, the assessee preferred an appeal before Ld. CIT(A) whereby the Ld. CIT(A) treated the appeal …
Decision in favour of
Assessee
Legal Issues
- 1. Validity of reassessment proceedings
- 2. Validity of notice u/s 148
5 more legal issues analysed in this judgement.
Precedents Relied Upon
2 precedents cited in this judgement.