DCIT, Central Circle (4) Vs. Jupiter International Limited
Case No: ITA No. 296/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL “ B” BENCH, KOLKATA
Date: 10/9/2025
Parties Involved
appellantDCIT, Central Circle (4)
respondentJupiter International Limited
Facts Summary
This is an appeal preferred by the Revenue against the order of the Commissioner of Income-tax (Appeals), Kolkata-20 dated 29.10.2024 for the Assessment Year 2009-10. A search action was conducted on 24.03.2015 on the Jupiter Group. Order u/s 153A/ 143(3) was passed on 31.12.2016, making an addition of ₹6,70,00,000/- which was deleted by the ld. CIT (A) vide order dated 14.07.2017. The matter was restored to the file of the ld. AO with a direction to conduct enquiry afresh. The ld. AO again made…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of ₹6,70,00,000/- made by the ld. AO u/s 68 of the Act in respect of unexplained share application money received by the assessee during the year is valid.
Precedents Relied Upon
2 precedents cited in this judgement.