Trimline Agencies Pvt. Ltd. Vs. ITO, Ward-10(2), Kolkata
Case No: I.T.A. No. 908/Kol/2024
Court: Income Tax Appellate Tribunal "A" Bench: Kolkata
Date: 3/10/2025
Parties Involved
appellantTrimline Agencies Pvt. Ltd.
respondentITO, Ward-10(2), Kolkata
Facts Summary
The assessee, Trimline Agencies Pvt. Ltd., filed its return of income for AY 2012-13 declaring total income at Rs. 11,560/- and deemed total income u/s 115JB at Rs. 7,989/-. The return was processed, and the case was reopened with a notice u/s 148. Show cause notices were issued, but the assessee did not comply. Consequently, an amount of Rs. 1,00,00,000/- was treated as unexplained deposit and added back as undisclosed income under Section 68. The assessee challenged this order before the Commi…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee should have been given an opportunity to present its case before the Assessing Officer (AO).
Precedents Relied Upon
2 precedents cited in this judgement.