S D Developers vs. ITO, Ward-43(1), Kolkata
Case No: ITA No.2190/Kol/2024
Court: Income Tax Appellate Tribunal, 'D' Bench, Kolkata
Date: 12/12/2025
Parties Involved
appellantS D Developers
respondentITO, Ward-43(1), Kolkata
Facts Summary
The assessee company, S D Developers, was engaged in construction activities and filed its return of income for Assessment Year 2018-19 on 29/09/2018, declaring a total income of Rs. 28,69,880/-. The case was selected for complete scrutiny through CASS, and notices under sections 143(2) & 142(1) of the Income Tax Act, 1961, were issued. During the assessment proceedings, the Assessing Officer observed a substantial reduction in profit due to the application of the Income Computation & Disclosure…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the notice issued under section 143(2) of the Income Tax Act, 1961.
Precedents Relied Upon
7 precedents cited in this judgement.