Arabinda Paul Vs. PCIT, Kolkata
Case No: ITA No.946/KOL/2023
Court: Income Tax Appellate Tribunal 'A' Bench, Kolkata
Date: 1/15/2025
Parties Involved
AppellantArabinda Paul
RespondentPCIT, Kolkata
Facts Summary
The assessee, Arabinda Paul, filed his return of income for the Assessment Year 2017-18 on 06.11.2017, declaring a total income of ₹4,87,850/-. His case was selected for limited scrutiny to verify cash deposits during the financial year. The Assessing Officer (AO) framed the assessment on 19.12.2019 under section 143(3) of the Income-tax Act, 1961, accepting the returned income after examining the evidence provided by the assessee. Subsequently, the Principal Commissioner of Income Tax (PCIT) ob…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the PCIT validly exercised revisionary jurisdiction under section 263 of the Income-tax Act, 1961.
Precedents Relied Upon
2 precedents cited in this judgement.