Sh. Ram Ready Mix Concrete Pvt. Ltd. and Kamdhenu Cement vs DCIT
Parties Involved
Facts Summary
The instant batch of seven appeals involves two assessees, Sh. Ram Ready Mix Concrete Pvt. Ltd. and Kamdhenu Cement, against the orders passed by the CIT(Appeals)-30, New Delhi. The appeals pertain to assessment years 2018-19 to 2021-22 under section 153C of the Income Tax Act, following a search action under section 132 dated 26.10.2020 in the M/s Sanjay Jain and Mehta group of cases. The assessees argue that the section 153C satisfaction note by the Assessing Officer does not clearly indicate that the seized material pertains to them.…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of section 153C assessments
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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