2022 (11) TMI 1490

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....umen Bhattacharjee, Adv. For the Respondent : Mr. J. P. Khaitan, Sr. Adv., Mr. Soumya Kejriwal, Adv., Mr. G. S. Gupta, Adv. ORDER The Court: This appeal filed by the revenue under Section 260A of the Income Tax Act, is directed against the order dated 14th August, 2020 passed by the Income Tax Appellate Tribunal, "B" Bench, Kolkata (the Tribunal) in ITA No. 181/Kol/2019 for the assessment....

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....er stamped and thus held that assessment is bad in law for want of recording proper satisfaction under Section 151 of the Income Tax Act, 1961? We have heard Mr. Soumen Bhattacharjee, learned standing counsel appearing for the appellant/revenue and Mr. J. P. Khaitan, learned senior counsel assisted by Mr. Soumya Kejriwal, learned Advocate for the respondent/assessee and carefully perused the ma....

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....ference No. Ward- 5(2)/Kolkata/147/2016-17/2667 speaks of approval by both, the JCIT, Range-5, Kolkata as well as the PCIT-2, Kolkata. These discrepancies could not be explained by the ld. DR. 15. Be it as it may it is absolutely clear that the objections raised by the assessee to the reasons recorded for re-opening and the re-opening itself vide its letter dated 22.11.2017 and 24.11.2017....