Maheshwari Roller Flour Mills Pvt Ltd, New Delhi ITO WARD - 16(1), New Delhi


Quick Summary
Maheshwari Roller Flour Mills Pvt. Ltd. appealed against the Income Tax Appellate Tribunal's decision regarding reassessment proceedings and additions made for the assessment year 2009-2010. The Tribunal upheld the reassessment, which included an addition of Rs. 25 lakhs for unexplained share capital and Rs. 45,000 for unexplained expenditure, both related to accommodation entries. The company's objections to the reopening of its assessment were rejected.

Court :
ITAT New Delhi

Brief :
This appeal by Assessee has been directed against the Order of the Ld. CIT(A)-6, Delhi, Dated29.03.2019, for the A.Y. 2009-2010, challenging the initiation of re-assessment proceedings under section 147/148 of the I.T. Act, 1961, addition of Rs.25 lakhs under section 68 of the I.T. Act, 1961, received from M/s. KDG Properties and Con (P) Ltd., and addition of Rs.45,000/-under section 69C of the I.T. Act, 1961 on account of unexplained expenditure.

Citation :
ITA.No.4257/Del./2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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