Forum Viniyog Pvt. Ltd. Vs. ITO, Ward-8(2), Kolkata
Case No: I.T.A. No.: 1338/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH
Date: 9/3/2025
Parties Involved
appellantForum Viniyog Pvt. Ltd.
respondentITO, Ward-8(2), Kolkata
Facts Summary
The assessee, Forum Viniyog Pvt. Ltd., filed its return of income for AY 2012-13 on 29.09.2012 declaring ‘NIL’ income. The return was processed under section 143(1) of the Income Tax Act, 1961 by the Central Processing Centre (CPC). Based on information received from the Directorate of Investigation (DDIT), Kolkata, the Assessing Officer (AO) found that the assessee company had received funds amounting to ₹5,41,00,000/- from a bank account maintained with ICICI Bank held in the name of M/s. Foru…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the CIT(A) was justified in dismissing the appeal ex-parte.
- 2. Whether the addition of ₹5,41,00,000/- under section 68 of the Act was justified.