2022 (2) TMI 290

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....ARYYA Mr. Smarajit Roychowdhury, Adv. for the appellant Mr. Subhas Agarwal, Adv. for the respondent ORDER The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 ('the Act' for brevity) is directed against the order dated 13th May, 2016 passed by the Income Tax Appellate Tribunal "B" Bench, Kolkata (Tribunal) in ITA No. 1482/Kol/2011 for the ....

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....t, 1961 by holding that Rs. 1,00,00,523/- credited to the account of M/s V.K. Minerals on 31.03.2007 did not represent cash credit as the said amount was credited on account of transfer entry, but, failed to appreciate that M/s V.K. Minerals is a non existing entity? We have heard Mr. Smarajit Roychowdhury, learned standing counsel for the appellant/revenue and Mr. Subhas Agarwal, learned couns....