Ravinder Kumar Ahuja Huf, New Delhi vs Acit, New Delhi on 28 February, 2022
Under these circumstances, by respectfully following the
judgement of Hon'ble Supreme Court and Bombay High Court,
10 ITA No.4545/Del/2024
C.O. No.17/Del/2025
ARM Overseas Pvt. Ltd. vs. DCIT
we are of the considered opinion that the reopening in the instant
case is not by proper application of mind and the reasons
recorded by the AO are vague and not supported by independent
verification done from the material already available on record.
Further assessee has been able to rebut the allegation made in
the reasons recorded of receiving the accommodation entry of
Rs.21,79,860/- which remained uncontroverted. Thus the
reassessment proceedings as initiated vide notice issued u/s 148
dt.31.3.2019 are hereby quashed. The ground of cross objection
No. 1 & 2 of the assessee are allowed.