M/S SHREE STEEL CQASTINGS PVT. LTD ,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -1, NAGPUR
In the result, Assessee’s appeal is partly allowed
ITA 112/NAG/2020[2006-07]Status: DisposedITAT Nagpur26 Jun 2025AY 2006-07
Bench: Shri Narender Kumar Choudhrym/S. Shree Steel Castings Dcit, Circle-1, Nagpur Pvt. Ltd., T/38/1, Midc, Vs. Hingna Road, Nagpur. Pan: Aaccs 4071 J (Appellant) (Respondent)
For Appellant: Shri Kapil Hirani &For Respondent: Shri Surjit Kumar Saha, Ld. Sr.D.R
Section 133(6)Section 142Section 142(1)Section 147Section 148Section 14ASection 250
2. In this case, the case of the Assessee was reopened u/sec.
147 of the Act by issuing notice dated 26/03/2013 u/sec. 148 of the Act mainly on the reason that Assessee had received share application money of Rs. 30 Lac from following three Mumbai based entities:
(i)
Umang Travel & Trade Link Pvt. Ltd.
(ii)
Sikha Finacne & Leasing