S B OVERSEAS PRIVATE LIMITED,KOLKATA vs. DCIT, CIRCLE 7(1), KOLKATA

ITA 2221/KOL/2025Status: DisposedITAT Kolkata01 September 2026AY 2021-223 pages

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Income Tax Appellate Tribunal, KOLKATA ‘D’ BENCH, KOLKATA

Before: SHRI RAJESH KUMAR & SHRI PRADIP KUMAR CHOUBEY

For Appellant: Shri Amit Agarwal, Advocate
For Respondent: Shri Praveen Das Chowdhury, Sr. DR
Hearing: 01.07.2026Pronounced: 01.09.2026

PER RAJESH KUMAR, ACCOUNTANT MEMBER:

This appeal preferred by the assessee is against the order of the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi(hereinafter referred to as the “ld.CIT(A)”], dated 25.07.2025 for Assessment Year (AY) 2021-22. 2. The only issue raised by the assessee in the grounds of appeal is against the order of ld. CIT(A) confirming the order of Assessing Officer (In short, ‘the AO’). The AO has disallowed the business loss of the assessee to the tune of Rs.3,49,98,558/-.

3.

The facts of the case in brief are that the assessee engaged in the business of giving mo

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