Deputy Commissioner Of Income ... vs Shanta Techno Private Limited, Raipur on 18 June, 2025
DCIT-1(1) vs. Shanta Techno Private Limited
The Assessee undertakes civil contract works awarded mostly by Municipal
Corporation of Greater Mumbai (MCGM). Return of income was fled for the
assessment year 2009-10, declaring a total income of Rs. 92,36,071/-. The
assessment was completed under section 143(3) of the Act, at a total income of
Rs. 93,72,290/-. The case of the assessee was reopened on the basis of
information received from Sales Tax Department through DGIT (Inv.), Mumbai,
that the assessee had made purchases of Rs. 4,50,08,383/-, which seemed to be
accommodation entries. An order under section 143(3) r/w section 147 was
passed on 26th March, 2014, making an entire addition of Rs. 4,50,08,383/- as
bogus purchase under section 69C of the Act, thereby determining the assessee's
income at Rs. 5,43,80,670/-.