Shahi Exports Private Ltd. vs PCIT (Central)
Case No: ITAs No.1446 & 1561/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Benches
Date: 3/7/2025
Parties Involved
appellantShahi Exports Private Ltd.
respondentPCIT (Central), Delhi
Facts Summary
The assessee, Shahi Exports Private Ltd., is a private limited company engaged in the business of manufacturing and export of readymade garments. For the assessment years 2017-18 and 2018-19, the assessment orders were passed on 22.04.2021 and 04.06.2021, respectively. These orders were subject to revision under section 263 of the Income Tax Act, 1961. The Principal Commissioner of Income-tax (Central), Delhi-1, held that the assessment orders were erroneous as prejudicial to the interests of th…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessment orders can be deemed erroneous under section 263 of the Income Tax Act for not making disallowance under section 36(1)(va).
Precedents Relied Upon
5 precedents cited in this judgement.