ARORA ALLOYS LTD., LUDHIANA,LUDHIANA vs. JAO DCIT, CIRCLE-1 , LUDHIANA, LUDHIANA

ITA 429/CHANDI/2026Status: DisposedITAT Chandigarh01 September 2026AY 2018-201918 pages

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Income Tax Appellate Tribunal, DIVISION BENCH, ‘A’ CHANDIGARH

Before: SHRI LALIET KUMAR & SHRI VIJAY VARMA

For Appellant: Shri Sudhir Sehgal, Advocate
For Respondent: Shri Vivek Vardhan, Addl. CIT Sr.DR
Hearing: 24.08.2026Pronounced: 01.09.2026

PER LALIET KUMAR, JM

This appeal filed by the assessee is directed against the order dated 19.02.2026 passed by the Ld. Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre, Delhi [“Ld. CIT(A)”], under Section 250 of the Income Tax Act, 1961 (“the Act”), for Assessment Year 2018-19, arising out of the reassessment order passed by the Assessing Officer (“AO”) under section 147 read with section 44B/143(3) of the Act, whereby the addition of Rs.

ITA 429/CHD/2026 A.Y. 2018-19 2 45,70,245/- made under Section 69C read with section 115BBE of the Ac

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