Case Number: ITA 5477/DEL/2019
Appellant: Suraj Pulses Pvt.Ltd.
Respondent: ITO, Ward-24(4), New Delhi
Assessment Year: 2008-09
Result: Final Tribunal Order
Case Filed on: 2019-06-21
Date of Order: 2023-01-18
Pronounced on: 2023-01-18
This case involves an appeal by Suraj Pulses Pvt.Ltd. against the order of the CIT(A) dated March 11, 2019. The appeal pertains to the assessment year 2008-09 and was initiated due to challenges against the reassessment proceedings that were viewed as not conforming to the principles of natural justice, among other legal challenges.
The Tribunal considered the multiple grounds of appeal raised by Suraj Pulses Pvt.Ltd., including issues with the reassessment proceedings and specific contentions against additions of Rs. 90,00,000 on account of share capital/premium received. These proceedings were challenged for lack of proper legal and factual basis, and non-conformance to procedural justice, particularly in the manner of handling evidence and cross-examinations.
The Tribunal, led by Judicial Members Shri Shamim Yahya and Ms. Astha Chandra, deliberated on the submissions and pronounced that the order under section 263 of the Act passed by the Ld. Pr. CIT was quashed earlier, affecting the current proceedings. Thus, the appeal by Suraj Pulses Pvt.Ltd. was allowed, effectively nullifying the questioned additions and bringing relief to the appellant. The decision underscores critical aspects of lawful reassessment and adherence to judicial principles.
Presiding Officers: Shri Shamim Yahya, Accountant Member and Ms. Astha Chandra, Judicial Member
Suraj Pulses Pvt.Ltd., Delhi vs. ITO, Ward-24(4), New Delhi for Assessment Year 2008-09
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