Shiv Shakti Handicrafts Pvt. Ltd. vs ITO
Case No: ITA No.4572/Del/2025
Court: Income Tax Appellate Tribunal, Delhi 'B' Bench
Bench: Delhi 'B' Bench
Date: 2/18/2026
Parties Involved
appellantShiv Shakti Handicrafts Pvt. Ltd.
respondentITO Ward-23(2), New Delhi
Facts Summary
The assessee company, Shiv Shakti Handicrafts Pvt. Ltd., filed its return of income for AY 2012-13 declaring income of INR 12,85,810/-. A search and seizure operation was carried out in the case of Tirupati Sunworld Group of companies on 11.11.2014. Notice u/s 153C r.w.s. 153A was issued to the assessee company on 30.03.2018. The assessee company filed a return of income on 04.04.2018, declaring income of INR 12,85,810/-. Thereafter, notice u/s 143(2) followed by statutory notices u/s 142(1) wer…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of notice u/s 153C r.w.s 153A
- 2. Addition of Rs 10,00,000 on account of advance given to M/s Image Dresses Pvt Ltd
Precedents Relied Upon
4 precedents cited in this judgement.