2024 (5) TMI 1517

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....k Mitra, Adv., Mr. Prithu Dudheria, Adv. For the Respondent : Mr. Hemant Tiwari, Adv. ORDER The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 3rd August, 2023 passed by the Income Tax Appellate Tribunal, Bench-B, Kolkata (the Tribunal) in ITA No. 79/Kol/2021 for the assessment year 2012-13. The reve....

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....ction 68 of the Income Tax Act, 1961 of Rs. 6,85,77,614/- on account of explained unsecured loan without considering the fact that the credibility of the loan provider were not established?" We have heard Mr. Tilak Mitra, learned senior standing counsel appearing for the appellant/revenue and Mr. Hemant Tiwari, learned counsel appearing for the respondent/assessee. The short issue which fall....