Balajee Hitec Rolling Pvt. Ltd. vs. DCIT, CC-4(3), Kolkata

Parties Involved

Facts Summary

Balajee Hitec Rolling Pvt. Ltd. filed an appeal against the order of the Principal Commissioner of Income Tax, Central, Kolkata, passed under section 263 of the Act on 10.03.2026 for the assessment year 2020-21. The appeal challenged the initiation of revisionary proceedings by the PCIT Central, alleging that the expenses under the head Gaushala rent of Rs.14,49,000/- were of personal nature and allowed without verification. The assessee argued that the expenses were for business purposes and relied on the paper book filed. The DR argued that the PCIT Central had rightly exercised jurisdiction under section 263 and pleaded for dismissal of the appeal. The tribunal considered the submissions and records, noting that the assessee failed to respond to the hearing notices issued by the PCIT Central, resulting in the impugned order being passed in an ex-parte manner. The tribunal set aside the impugned order in the interest of justice and restored the case to the file of the PCIT Central to decide on merits after considering the explanations and details furnished by the assessee.…

Legal Issues

• 1. Whether the Principal Commissioner of Income Tax, Central, Kolkata, rightly initiated revisionary proceedings under section 263 of the Act?

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• S.K.N Propmart Pvt. Ltd. Vs. Pr. CIT

  Delhi Bench ‘B’ New Delhi benchAY 2014-15Allowed

• Nishicha Impex Private Limited vs. DCIT CC 4(4)

  Mumbai bench

• Balajee Metallic vs. Principal Commissioner of Income Tax

  Kolkata bench

• Khanna Paper Mills Ltd. v. Dy. CIT

  Amritsar bench

• Star Paper Mills Limited Vs. PCIT-2, Kolkata

• Ambia Sohrab vs Principal CIT (Central)

  Kolkata bench