ITO, Murshidabad Vs. Chunakhali Samabay Krishi Unnayan Samiti Limited
Case No: I.T.A. No.: 803/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA
Date: 12/31/2025
Parties Involved
appellantITO, Murshidabad
respondentChunakhali Samabay Krishi Unnayan Samiti Limited
Facts Summary
The assessee, Chunakhali Samabay Krishi Unnayan Samiti Limited, a Primary Agricultural Society registered with the Registrar of Co-operative Societies, West Bengal, filed its return of income for the Assessment Year 2018-19 showing 'Nil' Income after claiming a deduction under section 80LA of the Income Tax Act, 1961. The case was selected for limited scrutiny under the Computer Assisted Scrutiny Selection (CASS) due to low income in comparison to high investments in the balance sheet. The Asses…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) erred in accepting the documents submitted by the assessee without allowing the Assessing Officer to examine them and furnish a remand report.
- 2. Whether the Ld. CIT(A) erred in considering the source of the increase in long-term investment without verifying it before the Assessing Officer.
Precedents Relied Upon
3 precedents cited in this judgement.