Jalpaiguri Zilla Regulated Market Committee vs. ITO, Ward-1(1), Jalpaiguri
Case No: I.T.A. No.2762 to 2765 & 2797, 2798/Kol/2025
Court: Income Tax Appellate Tribunal ‘B’ Bench Kolkata
Date: 2/5/2026
Parties Involved
appellantJalpaiguri Zilla Regulated Market Committee
respondentITO, Ward-1(1), Jalpaiguri
Facts Summary
The assessee, Jalpaiguri Zilla Regulated Market Committee, an Agriculture Produce Marketing Committee, did not file a return of income for the relevant assessment year. The Assessing Officer issued notices under section 142(1) and completed the assessment ex parte under section 144 after reopening under section 147 due to non-compliance. The assessee contended that its income was exempt under section 10(26AAB) of the Income-tax Act, being a statutory Agricultural Produce Marketing Committee, and…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee's income is exempt under section 10(26AAB) of the Income-tax Act.
- 2. Whether the penalty orders under sections 270A and 271AAC(1) of the Act are valid.
Precedents Relied Upon
2 precedents cited in this judgement.