SWAN PETRCHEMICALS PVT. LTD.,MUMBAI vs. NFAC DELHI, DELHI
In the result appeal of the assessee is dismissed
ITA 496/IND/2023[2014-2015]Status: DisposedITAT Indore16 Jul 2024AY 2014-2015
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Swan Petrochemicals Dcit (Central), Pvt.Ltd, Indore Unit No.308 Acme Plaza, Opp. Sangam Cinema, Vs. Andheri Kurlka, Maharashtra (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabcr9592C Assessee By Shri Ajay Tulsiyan & Ms. Ruchira Singhal, Ars Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 22.05.2024 Date Of Pronouncement 16.07.2024 O R D E R
Section 142(1)Section 271(1)(c)Section 43(5)
Section 271(1)(c) whereas at
the most it is a case of furnishing incorrect particulars of income
and not concealment of particulars of income. Therefore the
Explanation-1 is not applicable in the case of the assessee. In
support of his contention he has relied upon the following
decisions:
4
M/s. Swan Petrochemicals Pvt.Ltd
(i)
Hon’ble Supreme Court
