Tirupati Timbers & Packaging Pvt. Limited
Case No: ITA No. 1428/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL, ‘SMC’ BENCH, KOLKATA
Date: 11/20/2025
Parties Involved
appellantTirupati Timbers & Packaging Pvt. Limited
respondentIncome Tax Officer
Facts Summary
The appellant, Tirupati Timbers & Packaging Pvt. Limited, a Private Limited Company, filed its return of income electronically on 07.09.2011 declaring a total income of Rs.7,30,962/-. Information was received from the ADIT(Inv.), Unit-6, Kolkata that the assessee-company entered into a sham transaction with M/s. Pushker Trading & Holdings Pvt. Ltd., a shell company, and received Rs.5,00,000/- as a beneficiary during FY 2010-11 relevant to AY 2011-12. Based on this information, the assessment was…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.5,00,000/- as unexplained cash credit under section 68 of the Income Tax Act is justified.