Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, KOLKATA BENCH “VIRTUAL COURT A” KOLKATA
Before: Shri P.M.Jagtap, Vice- & Shri S.S.Godara
O R D E R
PER S.S.Godara, Judicial Member:
- This assessee’s appeal for assessment year 2013-14 arises against the Commissioner of Income Tax (Appeals)-2, Kolkata dated 21.11.2019, passed in case No. CIT(A), Kolkata-2/10462/2016-17 u/s 144 of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file perused.
We notice at the outset with the able assistance of both the learned representatives that the CIT(A)’s lower appellate order under challenge affirming the Assessing Officer’s action treating the assessee’s security premium amount of ₹74,25,000/- as unexplained cash credits u/s 68 of the Act in best judgment assessment dated 07.03.2016 has been passed ex parte.