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Income Tax Appellate Tribunal, KOLKATA BENCH “B” KOLKATA
Before: Shri J.Sudhakar Reddy & Shri S.S.Godara
None अपीलाथ� क� ओर से/By Appellant Shri Goutam Kr. Mondal, Addl. CIT-DR ��यथ� क� ओर से/By Respondent 06-06-2018 सुनवाई क� तार�ख/Date of Hearing 15 -06-2018 घोषणा क� तार�ख/Date of Pronouncement आदेश /O R D E R PER S.S.Godara, Judicial Member:- This assessee’s appeal for assessment year 2012-13 is directed against Commissioner of Income Tax (Appeals)-5, Kolkata’s order dated 09.12.2016, in case No. 290/CIT(A)-5/Wd-15(4)/15-16, passed ex parte affirming the Assessing Officer’s action adding unexplained share capital of ₹108,50,000/- as well as disallowance of a sum of ₹53,750/- by invoking u/s14A r.w Rule 8D, involving proceedings u/s 143(3) of the Income Tax Act, 1961; in short ‘the Act’.
It emerges at the outset that the instant all suffers from 62 days delay in filing, Case file suggests that assessee has placed on record its condonation affidavit solemnly averring therein that its person in-charge was out of town. Learned Departmental Representative is very fair in not disputing the said solemn averments.