2023 (3) TMI 630

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....nwala, Adv. For the Respondent : Ms. Swapna Das, Adv. 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 2nd January, 2015 passed by the Income Tax Appellate Tribunal, "B" Bench, Kolkata (the Tribunal) in ITA No.560/Kol/2010 for the assessment year 2006-07. The appeal was admitted on 14t....

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....everal decisions have been referred to in this connection, in the case of Principal Commissioner of Income Tax, Central - 1, Kolkata Vs. Ramkrishna Forging Limited, reported in 2022 (7) TMI 1312 - Calcutta High Court and the decision of High Court of Madras in the case of Commissioner of Income Tax, Chennai Vs. Aztec Auto (P.) Ltd., reported in [2020] 119 taxmann.com 215 (Madras). Following the s....