Income Tax Latest Recent Case Laws

Not passing a separate order for disposing off the objections of the assessee is a clear violation of law laid down by the Hon’ble Apex Court in the case of GKN Driveshaft – ITAT Delhi

M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019
Print Friendly, PDF & Email

M/s Admach Auto Limited vs DCIT 

ITA No. 9543/Del/2019

Pronounced on 18th December, 2020

The hon’ble ITAT Delhi, in a recent judgment, held that “the issue of disposal of objections in the assessment order in not passing a separate order for disposing off the objections of the assessee, which is clear violation of the law laid down by the Hon’ble Apex Court in the case of GKN Driveshaft 259 ITR 19″. 

Secondly, in the reasons, the AO has recorded that assessee has obtained the accommodation entry of Rs. 60 lacs in the name of 6 dummy / paper companies during the year under consideration, but finally made the addition of Rs. 50 lacs in the assessment order which also shows that AO has not applied his mind before recording the reasons in issuing the notice u/s. 148 of the Act. Therefore, the addition in dispute deserve to be cancelled.”

To read the complete order, M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019

Related posts

Notification no. 46/2019-Central tax – Prescribing due date for monthly GSTR 1 for the period October 2019 to March 2020

Taxcharcha

No capital gain to be computed on the transfer of assets on the ‘book value’ in the case of conversion of company into LLP – ITAT Mumbai

Taxcharcha

ICAI releases Technical guide on GST audit

Taxcharcha

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

error: Content is protected !!