Lucky Machine P. Ltd, the appeal of the assessee has been allowed with the judgement of Ld. DR being overruled

Last updated: 13 January 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) Delhi has allowed the appeal filed by M/s Lucky Machine P. Ltd for the assessment year 2010-11. The tribunal overruled the order of the Ld. DR. The appeal concerned an addition of Rs. 4 lakhs made by the AO under Section 68 of the IT Act, which the assessee company had received as an accommodation entry. The assessee had objected to the reassessment proceedings and the addition on merits.

Court :
ITAT New Delhi

Brief :
This appeal by assessee has been directed against theorder of Ld. CIT(Appeals)-Faridabad dated 22.05.2019 for AY 2010-11.

Citation :
ITA.No.5415/Del./2019

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