DCIT, Circle – 5(1), Kolkata vs. M/s Techno Electric & Engineering Company Limited
Case No: I.T.A. No.1982/Kol/2025
Court: INCOME TAX APPELLATE TRIBUNAL “D” BENCH, KOLKATA
Date: 12/23/2025
Parties Involved
AppellantDCIT, Circle – 5(1), Kolkata
RespondentM/s Techno Electric & Engineering Company Limited
Facts Summary
The assessee, M/s Techno Electric & Engineering Company Limited, filed its return of income on 19.06.2017. The case was selected for scrutiny, and notices under sections 143(2) and 142(1) of the Income Tax Act, 1961, were issued. During the assessment proceedings, the assessee provided all required documents and evidence. The Assessing Officer (AO) noticed that the assessee had made investments in mutual funds, bonds, and equity shares, yielding exempt income of Rs. 11,64,80,280/-. The AO comput…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of Rs. 5,57,26,060/- under section 14A of the Income Tax Act, 1961.
Precedents Relied Upon
10 precedents cited in this judgement.