VIIKING TECHNOLOGY AND TRADE PRIVATE LIMITED, MUMBAI Vs DCIT CC-2(1), MUMBAI


Quick Summary
This case involves an appeal by Viiking Technology and Trade Private Limited concerning a disallowance of £9,78,420 for unverifiable purchases made during the 2009-10 assessment year. The Income Tax Appellate Tribunal condoned a significant delay in the filing of the appeal due to changes in key management personnel. The core issue is whether the Commissioner of Income Tax (Appeals) was justified in upholding the disallowance made by the Assessing Officer.

Court :
ITAT Mumbai

Brief :
This appeal in ITA No.4450/Mum/2018 for A.Y.2009-10 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-48, Mumbai in appeal No.CIT(A)-48/I.T.227/DCCC-2(1)/2015-16 dated 15/11/2017 (ld. CIT(A) in short) against the order of assessment passed u/s.143(3) r.w.s. 263 of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 30/03/2015 by the ld. Dy. Commissioner of Income Tax, Circle-2(1),Mumbai (hereinafter referred to as ld. AO).

Citation :
ITA No.4450/Mum/2018

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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)

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