NAVNATH MILK AND MILK PRODUCTS PRIVATE LIMITED,BARAMATI vs. DCIT CIRCLE 2, PUNE

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ITA 840/PUN/2026Status: DisposedITAT Pune25 June 2026AY 2019-205 pages
AI SummaryRemanded

What did the Tribunal hold?

The Tribunal found merit in the assessee's argument that difficulties in collating data due to director disputes and NCLT proceedings prevented proper substantiation. Therefore, the case was restored to the Assessing Officer for one final opportunity.

What were the facts?

The assessee, a private limited company, failed to file its original return. The Assessing Officer reopened the case based on information of cash deposits and withdrawals, making an addition of Rs. 98,45,000/- for unexplained cash credits. The CIT(A) confirmed this addition.

What were the issues?

Whether the assessee was prevented by sufficient cause from substantiating the source of cash credits, and if an opportunity should be granted for further submission of evidence.

Which sections of the Income-tax Act were involved?

Section 68,Section 115BBE,Section 139(1),Section 148,Section 147,Section 144B

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, PUNE BENCH “B”, PUNE

Before: SHRI R. K. PANDA & Ms. ASTHA CHANDRA

For Appellant: Shri M.R. Bhagwat
For Respondent: Ms. Bhavya

आदेश की प्रतितिति अग्रेतिि/Copy of the Order is forwarded to: 1. अपील र्थी / The Appellant; प्रत्यर्थी / The Respondent 2. 3. The concerned Pr.CIT, Pune 4. DR, ITAT, ‘B’ Bench, Pune ग र्ड फ ईल / Guard file. 5. आदेशानुसार/ BY ORDER, // True Copy // Assistant Registrar आयकर अपीलीय अदिकरण ,पुणे / ITAT, Pune

5 ITA No.840/PUN/2026 Navnath Milk and Milk Products Pvt. Ltd.

S.No. Details Date Initials Designation 1 Draft dictated on 24.06.2026 Sr. PS/PS 2 Draft placed before author 25.06.2026 Sr. PS/PS Draft proposed & placed before 25.06.2026 3 JM/AM the Second Member Draft discussed/approved by 25.06.2026 4 AM/AM Second Member Approved Draft comes to the 25.06.2026 5 Sr. PS/PS Sr. PS/PS 6 Kept for pronouncement on 25.06.2026 Sr. PS/PS 7 Date of uploading of Order 25.06.2026 Sr. PS/PS 8 File sent to Bench Clerk 25.06.2026 Sr. PS/PS Date on which the file goes to 9 the Office Superintendent Date on which file goes to the 10 A.R. 11 Date of Dispatch of order

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