Sponsored
    Follow Us:

Case Law Details

Case Name : Neena Commercial Pvt. Ltd. Vs ACIT (OSD) (ITAT Kolkata)
Related Assessment Year : 2010-11
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Neena Commercial Pvt. Ltd. Vs ACIT (OSD) (ITAT Kolkata)

Income Tax Appellate Tribunal (ITAT) Kolkata has ruled in favor of Neena Commercial Pvt. Ltd., quashing the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961. The case arose after the Assessing Officer (AO) reopened the assessment based on information alleging that the assessee had received accommodation entries amounting to ₹15 lakh. However, after examining the details, no addition was made regarding this amount. Instead, the AO made an unrelated addition of ₹6.38 crore related to the sale

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930