Burdwan Satgachia Janakalyan Society Vs. ITO Ward 1(1)
Case No: ITA No.1854/KOL/2025
Court: Income Tax Appellate Tribunal “A” Bench, Kolkata
Date: 12/18/2025
Parties Involved
appellantBurdwan Satgachia Janakalyan Society
respondentITO Ward 1(1)
Facts Summary
The assessee, Burdwan Satgachia Janakalyan Society, a co-operative society registered on 22.02.2008, did not file any return of income for the assessment year 2012-13. The society has been providing services to its members by advancing them money and accepting deposits. During the year, the society incurred a loss of ₹4,26,595/- as per the income and expenditure account. The Assessing Officer (AO) observed that the society deposited ₹55,10,000/- in cash and ₹13,00,000/- as a time deposit in its …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of ₹68,10,000/- as unexplained money by the AO is correct?
Precedents Relied Upon
2 precedents cited in this judgement.