Income Tax Appellate Tribunal, Delhi Bench “H”, New Delhi
Before: Shri B.R.R. Kumar, Accountant Member
and Shri Anubhav Sharma, Judicial Member
Case Details:
ITA No. 1697, 1698, and 1699 /Del/ 2020
Assessment Year: 2016-17 to 2018-19
Appellant:
Quickmed Healthcare Pvt. Ltd.
S-22, Green Park Extension,
New Delhi
PAN: AAACQ3075A
Respondent:
ACIT, Central Circle-16,
New Delhi
Order Details:
Order Type: Final Tribunal Order
Date of Order: 29/07/2022
Date Pronounced: 29/07/2022
Quickmed Healthcare Pvt Ltd filed appeals against the order dated 28.09.2020 of the Ld Commissioner of Income Tax (Appeals) -26, New Delhi. The appeals were in response to the orders passed under section 153A/143(3) of the Income Tax Act, 1961 by the Ld. AO, ACIT, Central Circle-16, New Delhi.
The appeals raised common issues related to the disallowance of expenses following a search and seizure operation under section 132 of the Act. The Assessee contended that the expenses disallowed were unjustified and based on statements that did not pertain to their business.
After considering the submissions and evidence, the tribunal found that the disallowances made by the authorities were unsustainable in law. It was noted that the disallowances were based on ad-hoc percentages without sufficient grounds and were not corroborated by incriminating material.
The appeals were allowed, and the tribunal directed the Ld AO to delete the impugned disallowances. The order was pronounced on 29/07/2022.
For more detailed information, refer to the official order document.
ITA 1698/DEL/2020 – Quickmed Healthcare Pvt Ltd vs ACIT Central Circle-16, New Delhi
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