Sheth Realtors vs. Assistant Commissioner of Income Tax
Case No: ITA No.5947/MUM/2025
Court: Income Tax Appellate Tribunal, 'F' Bench, Mumbai
Date: 1/19/2026
Parties Involved
appellantSheth Realtors
respondentAssistant Commissioner of Income Tax, Central Circle - 7(1)
Facts Summary
The assessee, Sheth Realtors, a partnership firm engaged in the development and construction of real estate, filed its return of income for the assessment year 2018-19 on 08/10/2018, declaring Nil income. The return was selected for complete scrutiny, and notices under sections 143(2) and 142(1) of the Income Tax Act were issued. During the assessment proceedings, the Assessing Officer (AO) disallowed certain expenditures claimed by the assessee due to insufficient documentary evidence. The AO i…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of expenditure incurred by the assessee on the purchase of material, labour cost, selling and marketing expenses, and other expenses.
- 2. Disallowance of interest on the delayed payment of TDS.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
5 precedents cited in this judgement.