2022 (11) TMI 1432

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....dv. For the Respodent :  Mr. Pranit Bag, Adv. And Mr. Asok Bhowmick, Adv. ORDER The Court: This appeal filed by the revenue under Section 260A of the Income Tax Act, is directed against the order dated 20th March, 2020 passed by the Income Tax Appellate Tribunal, "C" Bench, Kolkata (the Tribunal) in ITA No.2179/Kol/2016 relating to the assessment year 2012-13. The revenue has rais....

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....d by the Tribunal setting aside an order passed by the Commissioner under Section 263 of the Act which is a second proceedings initiated under the said provision. After the first order was passed under Section 263 of the Act, the assessing officer has conducted a de novo reassessment proceedings, issued summons to the directors and the shareholders as well as the assessee and examined the books of....

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....P) Ltd. in ITAT/241/2010 dated 10th January, 2011; Commissioner of Income Tax vs. M/s. Nishan Indo Commerce Ltd. in ITA/52/2001 dated 2nd December, 2013 and Commissioner of Income Tax vs. M/s. Leonard Commercial (P) Ltd. in ITAT/114/2011 dated 13th June, 2011. In all those decisions, this Court considered the similar factual issue and decided in favour of the assessee and after noting the decision....