Browse Tax Judgements
Showing 1–20 of 21 judgements · Browse by section & bench
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ACIT vs Techno FAC Contracts Private Ltd
The assessee company filed its original return for A.Y.2017-18 declaring income of Rs. 99,75,480/-. The case was selected for scrutiny, and the assessee was required to submit requisite evidences to prove the identity and creditworthiness o…
Harish Chander Sehgal vs ITO
The assessee filed his return of income declaring an income of Rs.3,89,310/-. The case for the A.Y. 2017-18 was selected for scrutiny and assessment u/s 143(3) was completed vide order dated 30/12/2019 at Rs.1,62,96,190/-. The A.O made addi…
ITO vs M/s Ranyal Traders Pvt. Ltd.
The assessee company, incorporated on 06.11.1991, is engaged in trade of import-export and supply of clothing, hosiery, readymade garments, fabrics, textiles, trading and allied activities under the trade name of 'Ranyal Impex International…
Devon Metals P. Ltd. Vs. Income Tax Officer, Ward 7(1)
The assessee, Devon Metals P. Ltd., filed an appeal against the order of Commissioner of Income Tax (Appeals)-24, New Delhi dated 29.11.2024 for AY 2017-18. The assessee did not wish to press the Application dated 25.08.2025 seeking admissi…
Income Tax Officer vs Kulbir Singh Arora
The assessee, Kulbir Singh Arora, proprietor of M/s R K Jewellery, filed his return of income for AY 2017-18 declaring a total income of Rs. 18,10,030/-. The case was selected for scrutiny, and the AO noted an unpaid liability of Rs. 2,81,9…
Hemant Kumar, Assistant Commissioner of Income Tax vs. Kasturi Jewellers P. Ltd.
The Revenue appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which deleted an addition of Rs.14,52,23,691/- made under section 68 read with section 115BBE of the Income Tax Act,…
Archana Gupta Vs. Income Tax Officer
The assessee filed its return of income on 30.10.2017 declaring income of Rs.2,84,390/-. The case was selected for detailed scrutiny due to quantitative details of principal items of goods traded or raw material as well as finished goods no…
Income Tax Officer, Room No.238B, 2nd Floor, C.R. Building, I.P. Estate, Delhi-110002 Vs. Sukam Jewellers Pvt Ltd.
The appellant company filed its return of income for the assessment year under reference declaring total income of Rs.15,13,486/-. Subsequently, the case was selected for scrutiny under CASS and statutory notice under section 143(2) of the …
DCIT vs. Prudential Hotels Pvt. Ltd
The assessee filed its return of income for A.Y. 2017-18 declaring a loss. The case was selected for scrutiny, and the Assessing Officer observed that the assessee had repaid 'advance against equity' to the tune of Rs.13.40 crores, which wa…
DCIT, Central Circle-19, New Delhi vs. Chawla Jewellers
The assessee, Chawla Jewellers, is engaged in the business of sale and purchase of gold and diamond jewellery. The Assessing Officer made an addition of Rs.15,35,00,000/- u/s. 68 of the Income Tax Act, 1961, on the basis of cash deposits du…
Rajesh Kumar Seth vs ITO WARD 43(1)
The assessee, Rajesh Kumar Seth, is in the business of trading in jewellery and had made cash deposits of Rs 2.27 crore during the demonetization period. The Assessing Officer (AO) sought to tax the cash deposited in the bank of Rs 2,27,35,…
Assistant Commissioner of Income Tax, Circle-27(2) Vs Yakult Danone India Private Limited
The assessee, Yakult Danone India Private Limited, deposited a total cash amount of Rs.2,88,38,558/- in its bank account during the demonetization period. The Assessing Officer added Rs.2,89,13,855/- under section 68 of the Income Tax Act, …
ITA No. 955/Del/2024
The assessee, SMS Trading Co., is a partnership firm engaged as a consignment sales agent for M/s Dharam Pal Satya Pal Ltd., selling Paan Masala and other tobacco products under the brand name Rajnigandha and others in retail. A survey unde…
DCIT vs. Dembla Timber Company Pvt. Ltd.
The assessee, Dembla Timber Company Pvt. Ltd., is engaged in the business of manufacturing and trading of Sawn Timber. The return of income was e-filed on 30.10.2017 declaring income of Rs.54,82,950/-. During scrutiny, the Assessing Officer…
Neelam Dhyani vs. Income Tax Officer, Ward-54(1)
This appeal by the assessee, Neelam Dhyani, is directed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, dated 23.06.2023, for assessment year 2017-18. The assessee runs a mobile phone r…
Mrs. Zia Rathi vs. Income Tax Officer
The assessee, Mrs. Zia Rathi, is the sole proprietor of M/s Veezee Traders, engaged in the business of trading PVC Coated Imported Fabric. The main supplier of goods is M/s Trinity Overseas, who imports from outside India and sells to the a…
M/s Morpheus Developers Pvt. Ltd. Vs Deputy Commissioner of Income Tax Circle- 17(2) Delhi
The assessee, M/s Morpheus Developers Pvt. Ltd., filed its return of income on 30-03-2018 under section 139(4) of the Income Tax Act, 1961, declaring a loss of Rs.33,56,318/-. The case was selected for scrutiny through CASS due to low incom…
ITO, Delhi vs. Shann Jewellers
During the assessment proceedings for the financial year 2016-17, the Assessing Officer (AO) noticed repayments of unsecured loans and unexplained cash deposits during the demonetization period. The AO required the assessee to explain these…
DCIT, Central Circle 1, Noida vs. Ms. Radhika Mehra
The Revenue has filed an appeal against the order of the Learned Commissioner of Income Tax (Appeals)-3, Noida, dated 04.03.2025, for the Assessment Year 2017-18. During the assessment proceedings, the Assessing Officer (AO) conducted a sur…
ITA No.4209/Del/2024 Jalco Financial Services Pvt. Ltd.(AY: 2017-18)
The assessee, Jalco Financial Services Pvt. Ltd., is a domestic company engaged in trading shares, stocks, securities, and other instruments. It filed its return showing a total loss of Rs. 30,20,889/- for the assessment year 2017-18. The c…