LOTUS REFINERIES PRIVATE LIMITED,CHANDIGARH vs. ACIT, CHANDIGARH

ITA 450/CHANDI/2026Status: DisposedITAT Chandigarh01 September 2026AY 2014-1526 pages

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

Before: SHRI LALIET KUMAR & SHRI VIJAY VARMA

For Appellant: Shri Parveen Kapoor, CA
For Respondent: Smt. Jaishree Sharma, CIT DR
Hearing: 24.08.2026Pronounced: 01.09.2026

PER LALIET KUMAR, JM

This is an appeal filed by the assessee feeling aggrieved by the order passed by the ld. Commissioner of Income Tax (Appeals), NFAC [in short ‘the CIT (A)’] dated 05.01.2026 passed for assessment year 2014-15. 2. The brief facts of the case, as recorded by the learned CIT(A) and also noticed by this Tribunal in the first round of appeal in ITA No. 242/Chd/2020, are that the National Spot

ITA 450/CHD/2026 A.Y. 2014-15 2 Exchange Limited (NSEL), vide its letter dated 31.10.2017 addressed to the ITO, Ward-1(2), Chandigarh, informed the Departmen

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