Navnirman Infracon Pvt ltd. vs. ITO, Ward 10(2), Kolkata
Case No: ITA No.689/Kol/2025
Court: Income Tax Appellate Tribunal, Kolkata ‘C’ Bench, Kolkata
Date: 10/28/2025
Parties Involved
appellantNavnirman Infracon Pvt ltd.
respondentITO, Ward 10(2), Kolkata
Facts Summary
The assessee company, Navnirman Infracon Pvt ltd., filed its return of total income for the assessment year 2011-12 declaring a loss of Rs.35,435/-. Subsequently, it was found that the assessee company had received funds worth Rs.2,18,00,000/- from M/s. Cresent Dealers Pvt Ltd., during the financial year 2010-2011, which was not explained. Accordingly, notice u/s.148 of the Act dated 20th March, 2017 was issued to the assessee to furnish a fresh return of income since the AO had reason to believ…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notice issued u/s.148 of the Act is valid.
- 2. Whether the reasons recorded by the AO for reopening the assessment are valid.
Precedents Relied Upon
7 precedents cited in this judgement.