Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
From the Courts »
Open DEMAT Account in 24 hrs
 Engineering Analysis Centre Of Excellence Private Limited vs. CIT (Supreme Court)
 M/s. M.L. Singhi & Associates (P) Ltd., Brahmaputra House, A-7, NH-8, Mahipalpur Crossing, Mahipalpur, New Delhi Vs. The Deputy Commissioner of Income Tax, Central Circle-17, New Delhi.
 Gurudwara Kalgidhar Singh Sabha, R.K. Puram, Sector-6, Delhi Vs. The Income Tax Officer (Exemptions), Ward-1(2), New Delhi.
 Shri Bishan Sharup Gupta, New Delhi Vs. The Income Tax Officer, Ward 45 (4), New Delhi.
 M/s Scan Holdings Pvt. Ltd., F-4, Shopping Complex, A Block, Meera Bagh, West Delhi Vs. ACIT, Circle-22(2), New Delhi
 Shri Kunwar Tuli, 41A, A-1A, Chanakya Place, Uttam Nagar, Vs. ITO, Ward-43(4), New Delhi
 M/s. G4S Secure Solutions (India) Pvt. Ltd., C-16, Community Centre, Janakpuri, Behind Janak Cinema, New Delhi Vs. Addl. CIT, Special Range-4, New Delhi
 Sh. Madhu Sudan Yadav, C/o Yadav Book Depot. Moti Chowk, Rewari, (Haryana) Vs. Income Tax Officer, Ward-1, Rewari.
 Sh. Madhu Sudan Yadav, C/o Yadav Book Depot. Moti Chowk, Rewari, Vs. Income Tax Officer, Ward-1, Rewari.
 M/s. Transcend Infrastructure Pvt. Ltd., S2 Level, Upper Ground Floor, Block-F, International Trade Tower, Nehru Place, New Delhi Vs. The ACIT, Circle-16(1), Central Revenue Building, New Delhi
 Rising Star Khilte Chehre 7/10, Pocket B Phase-3, Ashok Vihar, New Delhi Vs. CIT (Exemption) New Delhi
 Smt. Harminder Kaur, C/o- Sunil Arora & Associates, A-1/118, Safdarjung Enclave, New Delhi vs. ITO, Ward-36(4), New Delhi
 M/s. VLCC Health Care (P) Ltd. M 14, Commercial Complex Greater Kailash Part II, New Delhi Vs. Addl.CIT, Range 17, New Delhi.
 DCIT, Central Circle-12, New Delhi Vs. Tushar Kumar, G-5, GTM House, Pushkar Enclave, Outer Ring Road, Pachim Vihar, New Delhi

Shri Bishan Sharup Gupta, New Delhi Vs. The Income Tax Officer, Ward 45 (4), New Delhi.
February, 22nd 2021

This appeal by Assessee has been directed against the Order of the Ld. CIT(A)-15, Delhi, Dated 28.12.2018, for the A.Y. 2010-2011, challenging the reopening of the assessment under section 147/148 of the I.T. Act, 1961 and addition of Rs.12,19,594/-.

We have heard the Learned Representative of both the parties through video conferencing and perused the material available on record.

3. Briefly the facts of the case are that in this case information from ADIT (Inv.), New Delhi vide his letter Dated 26.08.2016 has been received. On perusal of the report, it was seen that M/s. Yogesh Trading Co. has maintained Bank account in Mahamegha Urban Cooperative Bank, Ghaziabad which bears Account No.xxxxx13022 and reflects the credit of Rs.1.37 crores. As per the report, transaction was found to be without any economic rationale and it is suspected that money laundering activities were being carried-out. The assessee has not filed return of income for the A.Y. 2010-2011. The A.O. has recorded reasons for reopening of the assessment, copy of which is filed at pages 1 to 4 of the PB and after taking administrative approval Dated 31.03.2017, issued notice under section 148 of the I.T. Act, 1961 on Dated 31.03.2017 which was served upon the assessee, however, no return has been filed in response to the notice under section 148 of the I.T. Act.

For more information

 

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting