M/s Akshara Abasan Pvt. Ltd. vs. ITO, Ward-2(1), Kolkata
Case No: ITA No.1638/Kol/2025
Court: Income Tax Appellate Tribunal, 'A' Bench, Kolkata
Date: 12/18/2025
Parties Involved
appellantM/s Akshara Abasan Pvt. Ltd.
respondentITO, Ward-2(1), Kolkata
Facts Summary
The assessee, M/s Akshara Abasan Pvt. Ltd., is engaged in the business of real estate. For the Assessment Year 2012-13, the assessee filed a return of income declaring a total income of Rs.1,55,964/-. The case was selected for scrutiny, and during the relevant financial year, the assessee received large share capital along with premium. Although the assessee furnished details and evidences regarding the share subscribers, it did not comply with the summon issued under section 131 of the Income T…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.1,47,20,000/- as unexplained cash credit under section 68 of the Income Tax Act is justified.
Precedents Relied Upon
7 precedents cited in this judgement.