Kanha Villa LLP vs. Income Tax Ward 29(1), Kolkata
Case No: I.T.A. No. 700/Kol/2025
Court: INCOME TAX APPELLATE TRIBUNAL “B” BENCH, KOLKATA
Date: 11/19/2025
Parties Involved
appellantKanha Villa LLP
respondentIncome Tax Ward 29(1), Kolkata
Facts Summary
The assessee, Kanha Villa LLP, is an LLP engaged in renting and real estate. It purchased an immovable property (Synthesis Business Park) from the State Govt. of West Bengal for Rs. 4,76,50,200. During the assessment proceedings, the Assessing Officer (AO) referred the matter to the District Valuation Officer (DVO), who assessed the property value at Rs. 11,36,27,400. The AO added Rs. 6,59,77,200 as income from other sources under section 56(2)(x) of the Income Tax Act, 1961. The assessee appeal…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the action of the Learned CIT (Appeals) in dismissing the appeal without dealing with individual grounds is arbitrary, unjustified, unwarranted, and illegal.
- 2. Whether the Learned CIT (Appeals) erred in understanding the vendor and valuation objections.
3 more legal issues analysed in this judgement.