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Addition on Foreign Remittance Set Aside Due to Failure to Examine Evidence: ITAT Delhi
Case Law Details
- Case Name
- HPC Infotech Private Limited Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Delhi
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HPC Infotech Private Limited Vs ITO (ITAT Delhi)
In HPC Infotech Private Limited Vs ITO (ITAT Delhi), the appeal was filed against the order of the Commissioner of Income Tax (Appeals) dated 07.11.2025 for Assessment Year 2019–20. The assessee, engaged in import, distribution, and trading of UHF RFID tags and readers, had made foreign remittances amounting to Rs. 23,26,982/- during the relevant financial year to suppliers in China and the USA for procurement of inventory. These remittances were made through authorized banking channels and were not disputed in terms of business nature or purp...
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