Hind Ice & Cold Storage Pvt. Ltd. vs. DCIT, Central Circle -4(2), Kolkata
Parties Involved
Facts Summary
The assessee company, Hind Ice & Cold Storage Pvt. Ltd., is a private limited company engaged in ice and cold storage operations. For the Assessment Year 2020-21, the company filed its return of income declaring a total income of Rs.1,41,19,210. The CPC, Bengaluru, processed the return and recomputed the total income at Rs.1,53,56,280, raising a demand of Rs.20,39,680 which included disallowances for contingent liability and delayed deposit of employees' contribution to ESI/PF. The assessee filed rectification applications which were partially allowed, reducing the demand to Rs.4,01,150. Dissatisfied, the assessee appealed before the CIT(A), which dismissed the appeal. The assessee then filed a rectification petition, which was also dismissed. Aggrieved, the assessee appealed before the Tribunal, arguing lack of opportunity and failure to appreciate submissions.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the CIT(A) erred in law and on facts by passing orders without granting proper opportunity of hearing and without appreciating the submissions and materials placed on record.
Judgment Outcome
Decided in favour of Assessee.
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