MERCHANDISERS (P) LTD,MATTANCHERRY vs. DCIT.CORPORATE CIRCLE-2(1), KOCHI
In the result, the appeal filed by the assessee stands partly allowed for statistical purposes
ITA 601/COCH/2025[2016-17]Status: DisposedITAT Cochin29 Oct 2025AY 2016-17
Bench: Shri Inturi Rama Rao, Am & Shri Anikesh Banerjee, Jm Assessment Year: 2016-17 Merchandisers (P) Ltd. .......... Appellant 7/594, Jew Town, Mattancheery, Kochi [Pan: Aabcm6455D] Vs. Dcit, Corporate Circle-2(1), Kochi ......... Respondent Assessee By: Shri Thomson Thomas, Ca Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 27.10.2025 Date Of Pronouncement: 29.10.2025 O R D E R Per: Inturi Rama Rao, Am This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi (Nfac) Dated 06.08.2025 For Assessment Year (Ay) 2016-17. 2. Brief Facts Of The Case Are That The Appellant Is A Private Limited Company Engaged In The Business Of Trading In Raw-Rubber. The Return Of Income For Ay 2016-17 Was Filed On 17.10.2016 Disclosing Loss Of Rs. 3,79,128/-. The Said Return Of Income Was Processed U/S. 143(1) Of The Income Tax Act, 1961 (The Act) Accepting The Returned
For Appellant: Shri Thomson Thomas, CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 143(1)Section 147Section 148Section 153B
search and seizure operation in his case on 23.12.2019
that he provides bogus accommodation entries and the appellant is one of the beneficiaries. Against the said notice assessment was completed by the AO vide order dated 03.05.2023 passed u/s. 147
r.w.s. 144B of the Act after making addition of Rs. 1,45,91,304/- as unexplained expenditure of the appellant
