R A Realtors Pvt. Ltd. vs. ITO, Ward-13(1), Kolkata
Case No: ITA No.2275/Kol/2025
Court: Income Tax Appellate Tribunal, 'D' Bench, Kolkata
Date: 1/19/2026
Parties Involved
appellantR A Realtors Pvt. Ltd.
respondentITO, Ward-13(1), Kolkata
Facts Summary
The assessee, R A Realtors Pvt. Ltd., filed its return of income declaring total income as Nil for the assessment year 2012-13. The case was selected for scrutiny under CASS. During the assessment proceedings, the Assessing Officer noticed that the assessee received share capital amounting to Rs.2,61,00,000/-. Subsequently, notices under sections 143(2) and 142(1) were issued. The Assessing Officer added Rs.2,61,00,000/- under section 68 of the Income-tax Act. Aggrieved by this order, the assess…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Assessing Officer had the jurisdiction to issue the notice under section 143(2) and conduct the assessment.
Precedents Relied Upon
5 precedents cited in this judgement.