ITA No.2213/Kol/2024 & C.O. 53/Kol/2024
Case No: ITA No.2213/Kol/2024
Court: Income Tax Appellate Tribunal, 'B' Bench, Kolkata
Date: 11/19/2025
Parties Involved
appellantITO, Ward-2(1), Kolkata
respondentUnicorn Plaza (P) Ltd
cross-objectorUnicorn Plaza (P) Ltd
respondentITO, Ward-2(1), Kolkata
Facts Summary
The assessee company, Unicorn Plaza (P) Ltd, filed an e-return for the Assessment Year 2011-12 declaring a total loss of Rs.6,391/-. A search and seizure operation was conducted on 09.09.2015 at the business premises of Uniglobal Group of companies, of which the assessee was a part. During the search, books of accounts and documents marked UPPL/1 to UPPL/4 were seized. Subsequently, the Assessing Officer issued notices and the assessee furnished the requisite documents. The Assessing Officer pas…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.65,00,000/- on account of Share Capital u/s 68 of the Act is sustainable.
- 2. Whether the addition of Rs. 32,500/- u/s 69C on account of Commission paid to the broker is sustainable.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
3 precedents cited in this judgement.