Samtel India Limited vs. Asst. CIT
Case No: ITA No.7101/Del/2018
Court: Income Tax Appellate Tribunal, Delhi Bench ‘G’: New Delhi
Date: 2/12/2025
Parties Involved
AppellantSamtel India Limited
RespondentAsst. CIT, Circle-22(1), New Delhi
Facts Summary
The assessee, Samtel India Limited, is a company engaged in manufacturing Black & White TV picture tubes and trading activities. The return of income for the year under appeal was filed on 27.10.2007 declaring an income of Rs. 6,22,510/- after claiming various adjustments. The assessment was originally completed under section 143(3) on 09/12/2009, accepting the income returned by the assessee. Subsequently, reassessment proceedings were initiated by issuing a notice under section 148 on 17/02/20…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Learned Commissioner of Income Tax (Appeals) erred in law and facts by upholding the action of the Assessing Officer in reopening the assessment under section 148 of the Income Tax Act, 1961.
- 2. Whether the addition of Rs.1,33,37,000/- written off by the assessee in its books of accounts was correctly confirmed by the Learned Commissioner of Income Tax (Appeals).
2 more legal issues analysed in this judgement.
Precedents Relied Upon
5 precedents cited in this judgement.