The Sri Shiv Mahima Co-operative Group Housing Society Ltd. vs. Income Tax Officer, Ward 1(4), Faridabad

Parties Involved

Facts Summary

The case involves the reopening of the assessment of The Shiv Mahima Cooperative Group Housing Society Limited under Section 147 of the Income Tax Act, 1961 due to cash deposits in the bank account maintained with Dena Bank. The assessee did not file a return of income for the relevant years. The assessment was finalized with additions in the hands of the assessee. The assessee filed appeals which were dismissed by the CIT(A) on the ground of limitation. The assessee argued that the delay in filing the appeals was due to the late downloading of the assessment order.…

Legal Issues

• 1. Reopening of assessment u/s 147 of the Act due to cash deposits.
• 2. Delay in filing appeals before the CIT(A).

Judgment Outcome

Decided in favour of Assessee.

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