Pushpmala Distributors Pvt. Ltd. Vs. ITO, Ward-9(3), Kolkata

Parties Involved

Facts Summary

The case involves Pushpmala Distributors Pvt. Ltd. for the Assessment Year 2012-13. The assessee filed a return of income declaring a total income of Rs. 5,400/-. The case was selected for scrutiny, and notices under section 143(2) were issued. The assessee provided certain primary details but failed to comply with the summons under section 131(1). Consequently, an amount of Rs. 2,64,25,000/- was declared as undisclosed income under section 68 of the Act and added to the assessee's income. The assessee appealed against this order before the Commissioner of Income Tax (Appeal)- NFAC, Delhi, but the appeal was dismissed in limine as the assessee did not appear before the Ld. CIT(A). The assessee then filed an appeal before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the order passed by the Assessing Officer should be confirmed due to the non-vigilance of the assessee.

Judgment Outcome

Decided in favour of Assessee.

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