Trans Globe NKS Holdings Limited v. Income Tax Officer
Case No: ITA No.- 1451/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/16/2026
Parties Involved
assesseeTrans Globe NKS Holdings Limited
revenueIncome Tax Officer
Facts Summary
The assessee company filed its return of income on 23.09.2011 declaring loss at Rs. 47,507/-. The case was selected for scrutiny and the assessment was completed on 28.01.2014 accepting the return loss. The case was re-opened u/s 148 of the Act and the assessment order u/s 144 r.w.s. 147 was passed on 28/12/2017 making an addition of Rs. 1000 crores as income from undisclosed sources.…
Decision in favour of
Assessee
Legal Issues
- 1. Imposition of penalty under section 271(1)(c) of the Income Tax Act, 1961
Precedents Relied Upon
4 precedents cited in this judgement.