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Case Law Details

Case Name : ITO Vs Logical Properties Private Limited (ITAT Mumbai)
Related Assessment Year : 2018-19
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ITO Vs Logical Properties Private Limited (ITAT Mumbai)

Income Tax Appellate Tribunal (ITAT) Mumbai dismissed an appeal filed by the Income Tax Officer (ITO) against the order of the National Faceless Appeal Centre (NFAC), Delhi, concerning Logical Properties Private Limited. The dispute centered on additions and disallowances made by the Assessing Officer (AO) under Section 68 of the Income Tax Act, 1961, and the disallowance of compensation paid for a breach of contract.

The AO had added ₹6.9 crore to the company̵

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