Tantia Agrochemicals Pvt. Ltd. Vs. DCIT, Circle-4(2), Kolkata
Case No: I.T.A. No.: 1232/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘D’ BENCH, KOLKATA
Date: 10/30/2025
Parties Involved
appellantTantia Agrochemicals Pvt. Ltd.
respondentDCIT, Circle-4(2), Kolkata
Facts Summary
The assessee, Tantia Agrochemicals Pvt. Ltd., filed its return of income for AY 2013-14 on 29.09.2013 declaring a loss of ₹4,92,06,671/-. The case was selected for scrutiny, and the assessment order u/s 144 of the Act was passed by the Assessing Officer on 30.03.2016, assessing the total income at ₹11,99,80,740/- after making additions of ₹1,72,45,636/- as estimation of net profit, ₹9,00,00,000/- as unexplained cash credit (on account of Share Capital received), and ₹96,55,531/- as unexplained c…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the order u/s 250 dated 11.10.2023 passed by Ld. CIT(A)-NFAC, Delhi is erroneous and bad in law.
- 2. Whether Ld. CIT(A) erred in passing the order on ex parte view without going into the merits of the additions/disallowances made by the AO u/s 68 of the Act in the order u/s 144 of the Act.
3 more legal issues analysed in this judgement.