NIRMALKUMAR AGRAWAL HUF,NAGPUR vs. INCOME TAX OFFICER, WARD-2, BHANDARA
In the result, assessee’s appeal stands allowed
ITA 242/NAG/2025[2018-19]Status: DisposedITAT Nagpur22 Sept 2025AY 2018-19
Bench: Shri Narender Kumar Choudhry & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Rohan Loya a/wFor Respondent: Shri Pankaj Kumar
Section 139(1)Section 143(1)(a)Section 144BSection 147Section 148Section 263
capital gain and income from other sources. The Finance Intelligence
Unit (FIU) had credible information which indicated that Navdurga
Advisory Private Limited (NAPL) was a shell company and consequent
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Nirmalkumar Agrawal (HUF)
ITA no.242/Nag./2025
transactions with this company were suspicious or sham entries. It was also conveyed that high value transactions were undertaken by the assessee with NAPL