Thar Stone Expo India Pvt. Ltd. vs. ITO, Ward-9(1), Kolkata
Case No: ITA No.2589/Kol/2025
Court: Income Tax Appellate Tribunal, 'D' Bench, Kolkata
Date: 2/5/2026
Parties Involved
appellantThar Stone Expo India Pvt. Ltd.
respondentITO, Ward-9(1), Kolkata
Facts Summary
The assessee, Thar Stone Expo India Pvt. Ltd., filed its return of income for the assessment year 2013-14 declaring a total income of Rs.1,18,320/-. The assessment was completed under sections 147, 144, and 144B of the Income-tax Act, 1961, determining a total income of Rs.91,18,320/- by making an addition of Rs.90,00,000/- under section 68 of the Act. Aggrieved by this order, the assessee appealed to the National Faceless Appeal Centre (CIT(A)), which dismissed the appeal on the ground that the…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.90,00,000/- as unexplained cash credit under section 68 of the Act is justified.