Shapoorji Pallaonji And Company Pvt. Ltd. vs. DCIT(CC)-8(3)
Case No: ITA No. 2831/MUM/2025 & CO 130/MUM/2025
Court: Income Tax Appellate Tribunal Mumbai Bench ‘C’
Date: 1/12/2026
Parties Involved
appellantDCIT(CC)-8(3)
respondentShapoorji Pallaonji And Company Pvt. Ltd.
Facts Summary
Shapoorji Pallaonji And Company Pvt. Ltd. is a company engaged in executing construction contracts. For the assessment year 2014-15, the company filed its return of income on 28.11.2014 declaring a total loss. The scrutiny assessment was completed on 15.06.2017, wherein the total income was assessed under normal provisions and book profit under section 115JB. Subsequently, the Assessing Officer recorded reasons to believe that income escaped assessment and issued a notice under section 148 on 31…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Validity of the reassessment proceedings and the deletion of additions by the CIT(A).
- 2. Whether the CIT(A) erred in deleting the addition of Rs. 3,74,61,918/- made by the Assessing Officer on account of unexplained expenditure relating to transactions with Smt. Mayaben Vijay Parmar and Shri Vijay Gajendrusinh Parmar (HUF).
1 more legal issue analysed in this judgement.
Precedents Relied Upon
13 precedents cited in this judgement.