Regal Dealmark Private Limited vs. WBG-W-104(1), Kolkata
Case No: I.T.A. No. 101/Kol/2024
Court: Income Tax Appellate Tribunal, 'C' Bench, Kolkata
Date: 10/27/2025
Parties Involved
appellantRegal Dealmark Private Limited
respondentWBG-W-104(1), Kolkata
Facts Summary
The assessee, Regal Dealmark Private Limited, filed its return of income for the assessment year 2014-15 declaring a total income of Rs.12,090/-. Based on information about accommodation entries from shell companies and fictitious losses/profits in equity/derivative trading, the assessment for AY 2014-15 was reopened. Notices under sections 148, 142(1), and 144 of the Income Tax Act were issued to the assessee. Despite multiple notices, the assessee failed to comply or furnish any details. Conse…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) erred in dismissing the appeal filed by the assessee.
- 2. Whether the CIT(A) was unjustified in law and on facts in upholding the AO's order for the addition for business transactions and profit and loss in shares.
1 more legal issue analysed in this judgement.