https://www.taxtmi.com/caselaws?id=433945 The ITAT Kolkata dismissed the Revenue's appeal against CIT(A)'s orders for assessment years 2013-14 and 2014-15. The issues centered on the deletion of additions made by the AO, including a loan from M/s Renovate Marketing Private Ltd and unexplained expenditure. The reopening of assessment was deemed invalid due to lack of independent inquiry by the AO. The CIT(A) upheld the assessee's compliance with providing evidence, leading to the dismissal of the appeals. The judgment favored the assessee, resulting in the dismissal of both appeals on 9th February 2023. en-us Thu, 09 Feb 2023 00:00:00 +0530 Tue, 14 Feb 2023 08:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433945 The ITAT Kolkata dismissed the Revenue's appeal against CIT(A)'s orders for assessment years 2013-14 and 2014-15. The issues centered on the deletion of additions made by the AO, including a loan from M/s Renovate Marketing Private Ltd and unexplained expenditure. The reopening of assessment was deemed invalid due to lack of independent inquiry by the AO. The CIT(A) upheld the assessee's compliance with providing evidence, leading to the dismissal of the appeals. The judgment favored the assessee, resulting in the dismissal of both appeals on 9th February 2023. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433945