ACIT CENTAL CIRCLE 8(2) MUMBAI, MUMBAI vs. SUBHKAM VENTURES (I) PRIVATE LIMITED, MUMBAI
Appeals of the revenue are dismissed and the C
ITA 5657/MUM/2024[2015-16]Status: DisposedITAT Mumbai20 May 2025AY 2015-16
Bench: Shri Anikesh Banerjee, Jm & Ms Padmavathy S, Am
For Respondent: Shri Mahendra Bishnoi
Section 10(35)Section 132Section 250Section 94(7)
cannot be termed as tax evasion schemes only due to the fact that the assessee derived benefit by complying to the provisions of Section 97(4) of the Act.
Therefore the issue for our consideration is whether the impugned transaction being receipt of dividend and STCL are non-genuine