2022 (5) TMI 1283

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....JUSTICE HIRANMAY BHATTACHARYYA Mr. Aryak Dutta , Adv....for the appellant Mr. S.M. Surana , Adv., Mr. Bhaskar Sengupta , Adv.....for the respondent ORDER RE : GA/1/2018 The Court : We have heard Mr. Aryak Dutta, learned standing counsel appearing for the appellant/revenue and Mr. S.M. Surana, learned counsel appearing for the respondent/assessee. There is a delay of 189 days in f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hout considering relevant pieces of evidences recorded during survey? II) Whether on the facts and in the circumstances of the case Ld. Tribunal has erred in law as well as on facts in deleting addition on account of under valuation of stock without considering admission of the Director of the assessee in this regard made twice in a gap of about one month? III) Whether on the fac....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hich was sarees. The assessee preferred an appeal before the Commissioner of Income Tax (Appeals) - XII, Kolkata. We find from the order passed by the CIT(A) that elaborate submissions were made and also the documents, affidavits, sale bills etc. were produced to show as to how the valuation as adopted by the assessee was correct and justified. The assessee also submitted before the CIT(A) that th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... should be based on the papers found and impounded during the course of survey. After noting the said decision, the CIT(A) has, in our view, thoroughly examined the factual position including the reply given by the assessee to the remand report called for from the assessing officer. Ultimately, the appeal was allowed in favour of the assessee by order dated 11th July, 2014. Aggrieved by such or....