Assessment Year: 2011-12
This case involves an appeal by the JCIT, Special Range, New Delhi against the order passed by CIT(A)-9, New Delhi concerning Umang Dairies Ltd. for the assessment year 2011-12. The appeal was filed following disagreements on several additions and deductions made by the AO and modified by the CIT(A).
The hearing took place on February 28, 2023, and the order was also pronounced on the same day by the bench consisting of Dr. B.R.R. Kumar, Accountant Member, and Sh. Yogesh Kumar U.S., Judicial Member.
The tribunal examined the merits of the case based on similar additions challenged in a previous year and upheld the CIT(A)’s decision. The tribunal found that the CIT(A) had adequately addressed the concerns raised by the AO regarding the unexplained purchases and other disputed calculations.
The tribunal dismissed the Revenue’s appeal, affirming the CIT(A)’s adjustments and reasoning. The decision reinforced the need for precise and verifiable documentation in corporate accounting and tax reporting.
Order was pronounced openly in court, confirming the judicial approach towards transparent and reasoned adjudications in tax-related disputes.
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