M/s VSR Enterprises, New Delhi ITO, New Delhi

Last updated: 29 May 2021
Quick Summary
This appeal concerns M/s VSR Enterprises for the assessment year 2007-08. The Assessing Officer reopened the case based on information suggesting the firm was involved in a syndicate smuggling Red Sanders Wood and trading banned items. The AO initiated proceedings under Section 147 of the Income Tax Act after receiving information about significant cash inflows and foreign remittances into the firm's bank account. The assessee was asked to explain various bank entries during the assessment proceedings.

Court :
ITAT Delhi

Brief :
This appeal filed by the assessee is directed against the order dated 29.01.2016 of the learned CIT(A)-17, New Delhi, relating to Assessment Year 2007-08.

Citation :
ITA No.1855/Del/2016

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