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
Daily Limit Reached
You have reached your daily limit of 2 Free Judgements
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited Judgements Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience. 07941056694