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Income Tax Appellate Tribunal, KOLKATA BENCH “SMC” KOLKATA
Before: Shri S.S, Godara
.. अपीलाथ� /Appellant ��यथ� /Respondent Shri Sarnath Ghosh, Advocate अपीलाथ� क� ओर से/By Appellant Shri S. Vankatramani ACIT-SR-DR ��यथ� क� ओर से/By Respondent 22-01-2019 सुनवाई क� तार�ख/Date of Hearing 31-01-2019 घोषणा क� तार�ख/Date of Pronouncement आदेश /O R D E R This assessee’s appeal for assessment year 2014-15, arises against the Commissioner of Income-tax (Appeals)-6, Kolkata’s order dated 09.07.2017 passed in case No. CIT(A), Kolkata-6/10316/2016-17 involving proceedings u/s. 143(3) of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file perused.
The assessee’s first substantive grievance seeks to reverse both the lower authorities’ findings adding credit amount of ₹15 lac in the course of assessment as affirmed in lower appellate proceedings. Both the lower authorities have added this differential amount of ₹5 lac to be outstanding in the name of M/s Coramandal International Ltd. I make it clear at the outset that from the assessee has not disputed the former sum of ₹10 lac. I find in this backdrop of facts that M/s Coramandal International Ltd. has already debited the impugned differential sum of ₹ 5 lac