DCIT, CC-2(1), Kolkata vs. Frankdeal Tradcom Pvt. Ltd. and Amanat Trade Comm Pvt. Ltd.
Case No: ITA Nos.1290, 1307 & 1308/Kol/2025 and ITA Nos.1309, 1310 & 1311/Kol/2025
Court: Income Tax Appellate Tribunal, 'A' Bench, Kolkata
Date: 10/27/2025
Parties Involved
appellantDCIT, CC-2(1), Kolkata
respondentFrankdeal Tradcom Pvt. Ltd.
respondentAmanat Trade Comm Pvt. Ltd.
Facts Summary
The assessee, Frankdeal Tradcom Pvt. Ltd., filed its Return of Income for the Assessment Year 2010-11 disclosing a total income of Rs.2,167/-. A search and seizure operation was conducted at the office premises of the assessee on 04.02.2020 and subsequent dates. Notice under section 153A was issued on 11.02.2021, and the assessment was completed on 27.09.2021 with significant additions to the income. Aggrieved by this order, the assessee appealed to the Commissioner of Income Tax (Appeals)-26, K…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the additions made by the Assessing Officer were justified in the absence of incriminating material.
Precedents Relied Upon
2 precedents cited in this judgement.