DCIT, CC-1(4), Kolkata vs. Jupiter International Limited
Case No: ITA No.1678/Kol/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Kolkata
Date: 1/21/2026
Parties Involved
appellantDCIT, CC-1(4), Kolkata
respondentJupiter International Limited
Facts Summary
The assessee company, Jupiter International Limited, was established on 08.09.1978 and is engaged in the trading of computer peripherals and parts and manufacturing of CDR and DVDR. The company filed its original return of income for the assessment year 2014-15 on 28.09.2014, declaring a total loss of Rs.5,22,63,140. A search under section 132 of the Income-tax Act was conducted on 24.03.2015, following which the company filed a revised return on 03.07.2015 declaring the same loss. Subsequently,…
Decision in favour of
Assessee
Legal Issues
- 1. Additions under section 14A of the Act amounting to Rs. 4,78,76,015.
- 2. Additions under section 56(2)(viib) of the Act amounting to Rs. 3,29,48,640.
2 more legal issues analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.