Aviral Marketing Pvt. Ltd. vs. DCIT, Circle-4(1), Kolkata
Case No: ITA No.1423/Kol/2025
Court: Income Tax Appellate Tribunal, 'A' Bench, Kolkata
Date: 9/3/2025
Parties Involved
appellantAviral Marketing Pvt. Ltd.
respondentDCIT, Circle-4(1), Kolkata
Facts Summary
The assessee, Aviral Marketing Pvt. Ltd., filed a return of income on 27.09.2012 declaring a total loss of Rs.47,11,358/-. The case was reopened under section 147 of the Income Tax Act, 1961, after the Assessing Officer received information from ADIT(Inv.), Unit-3(1), Kolkata, that the assessee had taken an accommodation entry of Rs.1,00,00,000/- during the relevant assessment year. A notice under section 148 was issued on 20.03.2019, and the assessee filed a return of income on 29.04.2019 decla…
Decision in favour of
Assessee
Legal Issues
- 1. Invalid reopening of assessment under section 147 of the Income Tax Act, 1961.
- 2. Validity of the reassessment and consequent assessment.
Precedents Relied Upon
6 precedents cited in this judgement.