UCO Bank Vs DCIT, circle-5(1), Kolkata
Parties Involved
Facts Summary
This is an appeal filed by UCO Bank against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, passed on 25.06.2024 under section 250 of the Income Tax Act, 1961 for Assessment Year 2011-12. The appeal challenges the reopening of the assessment and the disallowance of employees’ contribution to Provident Fund to the extent of Rs.20,22,256/-. The original assessment was completed on 27.02.2014, and the reassessment was completed on 31.12.2017. The reopening was based on a change of opinion following the decision of the Hon’ble Supreme Court in Chekmate Services Pvt. Ltd. Vs. CIT (2022) 143 taxmann.com 178 (SC).…
Decision in favour of
Revenue
Legal Issues
- 1. Validity of reopening the assessment
- 2. Disallowance of employees’ contribution to Provident Fund
Judgment Outcome
Decided in favour of Revenue.
Precedents Relied Upon
5 precedents cited in this judgement.
Similar Judgements
E Factor Adventure Tourism P. Ltd. Vs. Deputy Commissioner of Income Tax
Delhi Bench benchAY 2017-18Partly AllowedTrustees UCO Bank Employees Provident Fund vs. The Income Tax Officer, Ward-50(1), Kolkata
Kolkata Bench benchAY 2016-2017AllowedTrio Security And Intelligence Private Limited Vs. Assessing Officer
Delhi Bench benchAY 2021-22AllowedJCIT, Circle 21 (1) vs. Rajasthan Explosives Chemicals Ltd.
Delhi Bench benchAY 2011-12, 2012-13, 2013-14, 2014-15, 2016-17Partly AllowedIntertek India Private Limited Vs. Asst. Commissioner of Income Tax
Delhi Bench ‘B’ benchAY 2016-17Partly AllowedKota Trucks P. Ltd. Vs. ACIT Circle -14(2) New Delhi