Sapra Iron Store vs. Income Tax Officer
Case No: ITA Nos.1448 & 1449/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench 'C', Delhi
Bench: Delhi Bench 'C', Delhi
Date: 2/16/2026
Parties Involved
appellantSapra Iron Store
respondentIncome Tax Officer
Facts Summary
The assessee, Sapra Iron Store, is engaged in trading of ferrous and non-ferrous metals. The assessment for AY 2012-13 and 2013-14 were made u/s.143 r.w.s. 147 of the Act. The assessee is a partnership firm managed by Shri Jitender Kumar Sapra, who was confined to bed due to ill health and later died on 22.12.2015. The assessment was reopened vide notice u/s.148 of the Act dated 27.03.2019. The Assessing Officer (AO) made additions by applying GP rates on unexplained credit entries and levied pe…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.22,27,500/- u/s.68 of the Act for AY 2012-13.
- 2. Addition of Rs.9,06,757/- u/s.68 of the Act for AY 2013-14.
2 more legal issues analysed in this judgement.
Precedents Relied Upon
6 precedents cited in this judgement.