₹305 Crore Addition Stands – ITAT Delhi Confirms Cash Credit & Expenditure Against Mallard Securities

CA Vijayakumar Shetty 30 Aug 2025 330 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Mallard Securities Private Limited Vs ITO (ITAT Delhi)

Related Assessment Year : 2012-13

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Mallard Securities Private Limited Vs ITO (ITAT Delhi) ₹305 Crore Addition Stands – ITAT Delhi Confirms Cash Credit & Expenditure Against Mallard Securities No Proof, No Relief – Mallard Securities Fails u/s 68, ₹305 Cr Addition Upheld ITAT Delhi Confirms ₹305 Crore Addition – Mallard Securities Fails to Discharge Onus u/s 68Delhi ITAT dismissed the appeal of Mallard Securities Pvt. Ltd. & upheld additions aggregating to more than ₹305 crore made by AO & confirmed by CIT(A). Assessment was reopened & framed u/s 143(3)/147 on 20.12.2018. AO made additions of ₹300...

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 5474

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 5474

My Published Posts

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