Techna Infrastructure Pvt. Ltd. vs. ACIT, Circle-1(1), Kolkata
Case No: I.T.A. No.1296/Kol/2024
Court: Income Tax Appellate Tribunal, 'A' Bench, Kolkata
Date: 3/11/2025
Parties Involved
appellantTechna Infrastructure Pvt. Ltd.
respondentACIT, Circle-1(1), Kolkata
Facts Summary
The assessee, Techna Infrastructure Pvt. Ltd., filed its return of income for the assessment year 2013-14 on 29.09.2024 declaring nil income. The case was selected for scrutiny, and statutory notices were issued. The assessee is engaged in the business of real estate development and sale of commercial properties. During the year, there was no sale of commercial property, and the expenses incurred on marketing were debited to the Profit & Loss A/c, with the loss carried forward to the subsequent …
Decision in favour of
Assessee
Legal Issues
- 1. Confirmation of addition of Rs.36,80,375/- by the ld. CIT(A) as made by the Assessing Officer on account of project marketing expenses incurred in connection with commercial properties.