Case Law Details
Case Name : Vilson Roofing Products Pvt. Ltd. Vs ACIT (ITAT Pune)
Related Assessment Year : 2009-10
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Vilson Roofing Products Pvt. Ltd. Vs ACIT (ITAT Pune)
The Income Tax Appellate Tribunal (ITAT) in Pune has rendered a pivotal decision in the case of Vilson Roofing Products Pvt. Ltd. Vs Assistant Commissioner of Income Tax (ACIT), concerning the reassessment proceedings under section 147 read with section 143(3) of the Income-tax Act, 1961 (the Act) for the assessment year 2009-10. This case examines the procedural and substantive aspects of the reassessment initiated on the grounds of undisclosed share subscription amounts, purportedly arising from accommodation entries as identified by the ...
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Author Bio
The adjudication from the Tribunal seems correct. Our assessee are to trained to make foolproof evidence for any such transaction before hand.