ITA No.474/Kol/2025
Case No: 474/Kol/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Kolkata
Date: 9/3/2025
Parties Involved
appellantITO, Ward-9(1), Kolkata
respondentBhusarg Mercantile Pvt. Ltd.
Facts Summary
The appeal was filed by the assessee against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre [CIT(A)] in appeal no. NFAC/2013-14/10279745 dated 23.12.2024 for assessment year 2014-15. Smt. Madhumita Das, Sr. DR represented the revenue, while the assessee did not appear despite notice. The total tax effect in the revenue’s appeal was Rs.38,01,581/-. The revenue claimed that the addition was due to organized tax evasion activities, invoking an exception claus…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition made by the revenue is justified under the exception clause for organized tax evasion activities.