2025 (3) TMI 1089

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....DAS) Appearance: For Appellant/revenue: Mr. Om Narayan Rai, Sr. Adv. Mr. Prithu Dudhoria, Adv.   For the Respondent: None. THE COURT :   1. This appeal by the assessee filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 15th July, 2024 passed by the Income Tax Appellate Tribunal, "A" Bench, Kolkata (Tribunal) in ITA No.718/Kol....

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....Advocate, assisted by Mr. Prithu Dudhoria, learned Advocate appearing for the appellant/revenue. 3. Though notice has been served upon the respondent, none appears for the respondent. 4. The issue which falls for consideration is whether the learned Tribunal was justified in setting aside the order passed by the Commissioner of Income Tax (Appeals) -15, Kolkata [CIT(A)], dated 10th October, ....

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....so pointed out that there are factual mistakes by the CIT(A) while passing the order which are contrary to the conclusion arrived at by the Assessing Officer. Learned Tribunal took note of the decision of the Hon'ble Supreme Court in PCIT vs. NRA Iron & Steel (P) Ltd. and noted that the principles which were summed up in the said decision when a case is considered under Section 68 of the Act. Afte....