M/S. PEERLESS CONSULTANCY SERVICES PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE-20, DELHI
Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
This assessee’s appeal for Assessment Year 2019-20, arises against the CIT(A)-27, New Delhi’s DIN & order No.
ITBA/APL/M/250/2025-26/1080031658(1) dated 20.08.2025, in proceedings u/s 147 r.w.s. 143(3) of the Income Tax Act, 1961
(in short “the Act”).
Case called twice. None appears at the assessee’s behest. It is accordingly proceeded ex-parte.
Learned departmental representative vehemently argues during the course of hearing that the Assessing Officer herein had rightly reopened the assessee’s assessment placed on the investigation wing’s report for the purpose of treating it’s loan amount of Rs.35,00,000/- as unexplained u/s 69A; in Peerless Consultancy Services Pvt. Ltd.
2
assessment order dated 12.02.2025 as upheld in the lower appellate discussion.
It is in this clinching backdrop that the tribunal sought to verify from the Revenue side as to whether the assessee has been actually found to have availed any cash entries from the searched party and it’s associated entities only. It could hardly dispute that no such material has seen light of till date. I therefore see no merit in the impugned addition of Rs.35,00,000/- of the advances given (rather than taken) which stands deleted in very terms therefore.
This assessee’s appeal is allowed. Order Pronounced in the Open Court on 30/10/2025. (Satbeer Singh Godara)
Judicial Member
Dated: 30/10/2025
*Subodh Kumar, Sr. PS*