2025 (9) TMI 1253

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....v. Mr. Soumen Bhattacharjee, Adv. Mr. Ankan Das, Adv. Ms. Shradhya Ghosh, Adv.   For the Respondent: Mr. Rajesh Kumar Mishra, Adv. Mr. Sutirtha Das, Adv.   The Court :   1. This appeal is directed against an order passed by the Income Tax Appellate Tribunal, Kolkata B Bench, Kolkata in connection with an appeal preferred by the assessee against the order passed by the Commissione....

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....t find any reason for not accepting the said documents and deciding the appeal. 4. Learned counsel for the assessee has produced before us a bunch of documents to show that the documents on which the Appellate Tribunal has relied upon in paragraphs 11 and 12 of the impugned order were before the Commissioner of Income Tax (Appeals) and those documents have not been considered at all by the Commis....

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....sment the assessee sold equity shares for a consideration of Rs. 2.38 Crore. The Appellate authority has relied upon the relevant schedule of the balance sheet, which prima facie indicates that the Assessing Officer has made the addition for the total investment in equity shares appearing as on 31.3.2013 totally ignoring the investments as on the last day of the preceding financial year. Even the ....

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....arriers Pvt. Ltd. was received back during the year. The Appellate authority has taken into consideration that fresh loans had been given to Rani Sati Enterprises Pvt. Ltd. at Rs. 10 Lakh, Amar Kumar Agarwal at Rs. 15 Lakh, Gangotri Electrocasting Ltd. at Rs.6 Lakh, additional loan to Gangotri Iron & Steel Co. Ltd. at Rs. 3.26 Crore and Rs. 2 Lakh to Sanjeev Kumar Choudhary. The issue with regard ....