BK Garden Fresh Pvt. Ltd. vs. ITO, Ward-7(1), Kolkata

Parties Involved

Facts Summary

The assessee, BK Garden Fresh Pvt. Ltd., filed a return of income declaring a total income of Rs.10,31,194/-. The case was selected for complete scrutiny due to large cash deposits during the demonetisation period. The Assessing Officer assessed the total income at Rs.90,47,322/- after making additions for bad debts, cash discount, charity and donation, and disallowed cash deposits under section 69A. The assessee appealed to the CIT(A), which partly allowed the appeal by deleting the addition for cash discounts but confirming the other additions. Aggrieved by this, the assessee filed an appeal before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Addition u/s 69A of Rs.77,80,000/-
• 2. Disallowance of bad debts of Rs.90,006/-
• 3. Disallowance of Rs.50,500/- under the head Charity & Donation

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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