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Section 68 Addition Deleted as Advance Recovery Explained by Evidence: ITAT Delhi

Case Law Details

Case Name
DCIT Vs Henna Industries Pvt. Ltd. (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2012-13
Advertisement DCIT Vs Henna Industries Pvt. Ltd. (ITAT Delhi) The Revenue appealed against the order dated 15.07.2024 passed by the Commissioner of Income Tax (Appeals), New Delhi, arising from a reassessment order under Sections 143(3) read with 147 of the Income Tax Act, 1961 for Assessment Year 2012-13. The appeal challenged the deletion of an addition of ₹2 crore made under Section 68 of the Act. The assessee, a private limited company engaged in manufacturing henna powder, powder hair dye and allied products under the brand name “Black Rose Kali Mehandi,” had originally f...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,894

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