M/s. Sarga Hotel Private Limited Vs. I.T.O, Ward-8(2), Kolkata
Case No: I.T.A. Nos.: 664 & 665/KOL/2023
Court: INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘C’ BENCH, KOLKATA
Date: 12/31/2025
Parties Involved
AppellantM/s. Sarga Hotel Private Limited
RespondentI.T.O, Ward-8(2), Kolkata
Facts Summary
The assessee, M/s. Sarga Hotel Private Limited, had filed its return of income for the AY 2013-14 declaring a total income of ₹17,88,720/-. The assessment was made under section 143(3) of the Act on 16.02.2016, determining the total income of ₹6,43,70,550/- after making disallowance of business expenditure of ₹37,359,866/- and the addition of ₹38,613,323/- under the head income from other sources. The assessee preferred an appeal before the Ld. CIT(A) who partly allowed the appeal. Aggrieved wit…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) erred in not considering disallowance made by the AO on account of business expenditure.
- 2. Whether the Ld. CIT(A) erred in providing relief to the assessee by allowing the capital expenditure charged to the profit and loss account.
Precedents Relied Upon
5 precedents cited in this judgement.