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Income Tax

ITAT Delhi Quashes Reassessments Based on Retracted Statement of Entry Operator

By CA Vijayakumar Shetty Income Tax Judiciary September 27, 2025
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Case Law Details

Case Name
Singhal Fasteners Company Pvt. Ltd. Vs DCIT (ITAT Delhi)
Appeal Number
Only available for paid members
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2009-10
Courts
All ITAT, ITAT Delhi
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Singhal Fasteners Company Pvt. Ltd. Vs DCIT (ITAT Delhi) Borrowed Satisfaction Invalid – ITAT Delhi Quashes Reassessments Based on Retracted Statement of Entry Operator Shankar Radhey Finance & Investment Co. Pvt. Ltd. Vs ITO (ITA No.1067/Del/2019, AY 2009-10); Raghvender Shankar Finance & Investment Co. Pvt. Ltd. Vs ITO (ITA No.8572/Del/2019, AY 2006-07) These three appeals were filed against reassessment orders framed u/s 147/148 based solely on statements of one Shri Aseem Kumar Gupta (alleged entry operator), who was said to have provided accommodation entries. The allegation wa...
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Author Info

CA Vijayakumar Shetty
Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,518
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