SDA Securities Pvt. Ltd. vs. ITO, Ward-9(1), Kolkata
Case No: I.T.A. No.2780/Kol/2025
Court: Income Tax Appellate Tribunal ‘SMC’ Bench Kolkata
Date: 2/4/2026
Parties Involved
appellantSDA Securities Pvt. Ltd.
respondentITO, Ward-9(1), Kolkata
Facts Summary
In the case of SDA Securities Pvt. Ltd., information was received by the Assessing Officer from the Directorate of Investigation alleging that during the assessment year 2018-19, the assessee had received ₹15,00,000 from Jagkarta Electricals Pvt. Ltd. and ₹6,00,000 from Marigold Mercantile Pvt. Ltd. Based on this information, a notice under section 148A(b) of the Income-tax Act, 1961 was issued to the assessee. As no reply was filed by the assessee, the Assessing Officer passed an order under se…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the reassessment proceedings initiated by the Assessing Officer.
- 2. Applicability of section 69C of the Income-tax Act, 1961 in the present case.
Precedents Relied Upon
2 precedents cited in this judgement.