2025 (4) TMI 1757

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....nt : Mr. Prithu Dudhoria, Adv. For the Respondent : Mr. V. N. Dubey, Adv. (VC) Mr. Arani Guha, Adv. Mr. Tanay Ghosh, Adv. ORDER The Court : This appeal filed by the appellant/revenue under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 23rd February, 2024 passed by the Income Tax Appellate Tribunal, "B" Bench, Kolkata, in ITA No. 1158/Kol/2023 for t....

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....TTA 161 (SC) and in the case of the PCIT (Central) 2, Kolkata Vs. M/s. BST Infratech Ltd. in ITAT/67/2024 (IA No. GA/2/2024) dated 23.04.2024 by the Jurisdictional High Court of Calcutta ? (b) Whether on the facts and in the circumstances in the case, the Learned Income Tax Appellate Tribunal was justified in law in granting relief and deleted the addition made by the Assessing Officer wi....

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....s whether the learned Tribunal was justified in allowing the assessee's appeal and setting aside the order passed by the Commissioner of Income Tax (Appeals) dated 13th July, 2023 by which the Appellate Authority affirmed the addition made under Section 68 of the Act in the assessment order dated 27th March, 2015. The law on the subject has been clearly laid down by the Hon'ble Supreme Court in va....

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....licants, their networth as per the audited balance sheet of the concerned share applicants and the various documents concerning the share applicants to establish their identities, creditworthiness and genuineness. At the first blush, it appears these documents were produced for the first time before the Tribunal and not before the Assessing Officer. However, on going through the order of assessmen....