Kalna Regulated Market Committee vs. ITO, Ward-1(1), Burdwan
Case No: ITA Nos.1346 to 1348/Kol/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Kolkata
Date: 11/18/2025
Parties Involved
AppellantKalna Regulated Market Committee (Presently Purba Burdwan Zilla Regulated Market Committee)
RespondentITO, Ward-1(1), Burdwan
Facts Summary
The assessee, Kalna Regulated Market Committee, did not file a return of income for the assessment year 2018-19. The case was reopened under section 147 based on information that the assessee had deposited cash amounting to Rs. 2,09,88,370/- and received interest income of Rs 9,33,126/- in its bank account with Axis Bank Limited. The source of these deposits remained unexplained as the assessee did not file a return of income and did not comply during scrutiny proceedings. The Assessing Officer …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessment/reassessment proceedings against the dissolved Kalna Regulated Market Committee are valid.
- 2. Whether the penalties levied under sections 271AAC(1) & 270A are valid.
Precedents Relied Upon
3 precedents cited in this judgement.