Shresth Dealers Pvt. Ltd. vs. DCIT, CC-4(1), Kolkata
Case No: I.T.A. No.427/Kol/2025
Court: INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, KOLKATA
Date: 10/27/2025
Parties Involved
AppellantShresth Dealers Pvt. Ltd.
RespondentDCIT, CC-4(1), Kolkata
Facts Summary
The assessee, Shresth Dealers Pvt. Ltd., filed a return of income on 23.07.2014 declaring a total income of Rs. 137,540/-. The case was selected for scrutiny, and an assessment order was framed on 26.07.2016 at a total income of Rs. 2,06,640/-. The Assessing Officer (AO) received information that the assessee traded in penny script Rutron International Limited through Ashika Stock Broking Limited, selling 210,000 equity shares within three weeks from 04.03.2014 to 21.03.2014. A notice under sect…
Decision in favour of
Assessee
Legal Issues
- 1. Invalid reassessment proceedings under section 147 of the Act