Neeraj Paper Marketing Ltd

Neeraj Paper Marketing Ltd’s Tax Appeal Update 📊

- Neeraj Paper Marketing Ltd appealed against a disputed tax amount of ₹12,15,438 for FY 2012-13.

- The Commissioner of Income-Tax (Appeals), Delhi, partially allowed the appeal.

- The company declared income of ₹1.31Cr, but the assessed income was ₹1.60Cr.

- The AO proposed an addition of ₹29.30L as unexplained expenditure under section 69C, questioning transactions with M/s Giriraj Global Ltd.

- The company argued transactions were genuine and supported by documents, and the issue was already settled by ITSC.

- The appellate order partially allowed the appeal, though specifics weren’t detailed.