ITAT Mumbai allows the appeal of ARCH PHARMALABS Ltd for statistical purposes.

Last updated: 22 January 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has allowed the appeal filed by Arch Pharmalabs Ltd for the assessment year 2012-13. The tribunal considered the company's registered sick status with the BIFR, which offered protection against recovery. The appeal addressed the dismissal by the CIT(A) for non-payment of due tax and the disallowance of Rs. 1,87,47,906/- as bogus purchases, which the CIT(A) had based on Sales Tax Department information without concrete proof.

Court :
ITAT Mumbai

Brief :
This appeal by the assessee is directed against order of learned Commissioner of Income Tax (Appeals) [in short learned CIT(A)] dated 29.7.2016 and pertains to assessment year 2012-13.

Citation :
I.T.A. No. 5980/Mum/2016

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