M/s Shroff Tradelink Pvt. Ltd. vs. The Income Tax Officer
Case No: ITA No. 1016/Kol/2025 & ITA No. 1017/Kol/2025
Court: Income Tax Appellate Tribunal, SMC Bench, Kolkata
Date: 11/18/2025
Parties Involved
appellantM/s Shroff Tradelink Pvt. Ltd.
respondentThe Income Tax Officer, Ward 1(1), Kolkata
Facts Summary
The assessee-company, M/s Shroff Tradelink Pvt. Ltd., filed its original return of income declaring a total income of ₹ 13,160 for the year under consideration. Information was later received from the office of the DDIT (Investigation), Kolkata, indicating that concerns like M/s. Arya Traders and M/s. Infinity Enterprise were shell entities controlled by Shri Anand Mohan Roy, engaged in large-scale rotation of funds without genuine business activity. The investigation revealed that Shri Mukesh B…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the notice issued under Section 148A(d) and limitation in light of the Hon’ble Supreme Court judgment in Union of India v. Rajesh Bansal (2024) 167 taxmann.com 70 (SC)
- 2. Validity of the order of the CIT(A) setting aside the ex parte assessment
Precedents Relied Upon
3 precedents cited in this judgement.