Income Tax Officer, Ward 9(1), Kolkata vs. Sanmukh Vincom Private Limited
Case No: ITA No.1238/KOL/2025
Court: Income Tax Appellate Tribunal “D” Bench, Kolkata
Date: 12/15/2025
Parties Involved
RespondentIncome Tax Officer, Ward 9(1), Kolkata
AppellantSanmukh Vincom Private Limited
Facts Summary
The assessee, Sanmukh Vincom Private Limited, filed its return of income for the assessment year 2014-15 declaring a total income of ₹28,60,680/-. The Assessing Officer (AO) received information from the investigation wing indicating that the assessee was a beneficiary of suspicious transactions on the National Spot Exchange Ltd. (NSEL) platform, which was allegedly misused for laundering black money. Based on this information, the AO issued a notice under section 148 of the Income Tax Act and s…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of ₹4,88,00,000/- as unexplained money under section 69A of the Act was justified.
Precedents Relied Upon
2 precedents cited in this judgement.