SALUJA STEEL AND POWER PVT. LTD.,,GIRIDIH vs. ACIT, C, C., DHANBAD
In the result, appeal of the assessee is allowed
ITA 287/RAN/2025[13-14]Status: DisposedITAT Ranchi07 Jan 2026
Bench: SHRI GEORGE MATHAN (Judicial Member), SHRI RATNESH NANDAN SAHAY (Accountant Member)
For Appellant: Shri Devesh Poddar, AdvocateFor Respondent: Shri Rajib Jain, CIT-DR
Section 131Section 142(1)Section 143(3)Section 148Section 156
3,72,15,000/-. It was the submission that the shares have been issued to group concerns and the AO has in the reasons recorded blindly extracted the investigation report of the DDIT(Investigation). It was the submission that there was no live link between the reasons recorded and the factual position insofar as the share applicants mentioned are wrong
