AdvertisementAakash Films Private Limited Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, decided two connected appeals for Assessment Year 2013-14, taking the appeal of M/s. Aakash Ashish Realtors Limited as the lead case since identical issues arose in both matters. The assessee had originally filed its return declaring nil income, which was processed under Section 143(1). Subsequently, based on information received from the Investigation Wing that the assessee had received ₹1.71 crore from M/s Fastline Multitrade Pvt. Ltd. (FMPL), an entity allegedly managed by Shri Praveen Kuma...