2025 (7) TMI 1594

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....llant : Mr. Tilak Mitra, Adv., Mr. Soumen Bhattacharjee, Adv., Ms. Shradhya Ghosh, Adv., For the Respondent : Mr. Abhratosh Majumder, Sr. Adv., Ms. Swapna Das, Adv. and Mr. Siddharth Das, Adv. ORDER The Court : This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 21.2.2024 passed by the Income Tax Appellate Tribunal ....

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.... committed substantial error in law in appreciating the facts in proper prospective while concluding in favour of the assessee? d) Whether the learned ITAT has committed substantial error in law in not following the judicial principles laid down in the matter of Pr. CIT(Central)-2, Kolkata vs. M/s. BST Infratech Ltd. ITAT/67/2024 dated 23.04.2024, which is an earlier decision of Hon'ble H....

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.... addition under Section 68 is that the assessee did not prove the creditworthiness of the share subscribers, genuineness of the transaction and the identity. In this regard, the learned Tribunal has carefully examined the documents which were filed by the assessee in the form of a paper book which contained confirmation letters of all the share subscribers stating that they have given the share ap....