PODDAR REALTORS PVT. LTD.,BURDWAN vs. ITO, WARD-2(1), BURDWAN, BURDWAN
In the result, the appeal filed by the assessee is allowed
ITA 265/KOL/2023[2013-14]Status: DisposedITAT Kolkata22 Jun 2023AY 2013-14
Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Blei.T.A. No. 265/Kol/2023 Assessment Year: 2013-14 Poddar Realtors Income Tax Officer, Ward-2(1), 1, Parkus Road, Burdwan Vs Burdwan Pin- 713101 [Pan : Aagcp2937G] अपीलाथ"/ (Assessee ) "" यथ"/ (Respondent) Assessee By : Shri Akkal Dudhewala, Fca Revenue By : Smt. Ranu Biswas, Addl. Cit D/R सुनवाई क" तारीख/Date Of Hearing : 15/05/2023 घोषणा क" तारीख /Date Of Pronouncement: 22/06/2023 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The National Faceless Appeal Centre, Delhi, (Hereinafter The “Ld. Cit(A)”) Dt. 07/02/2023, Passed U/S 250 Of The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2013-14 Which Is Arising Out Of The Assessment Order Framed U/S 143(3) Of The Act Dt. 27/09/2021. The Assessee Has Raised The Following Grounds Of Appeal:- “1. For That On The Facts & In The Circumstances Of The Case, The Addition Of Rs.25,00,000/- Made U/S 68 Was Factually As Well As Legally Unsustainable & Therefore The Same Deserves To Be Deleted. 2. For That On The Facts & In The Circumstances Of The Case, The Authorities Below Were Unjustified-In Not Appreciating That The Assessee Had Duly Discharged Its Onus Of Establishing The Identity, Genuineness & Creditworthiness Of The Loan Creditor & In That View Of The Matter The Addition Of Rs. 25,00,000/- Made By Way Of Unexplained Cash Credit U/S 68 Was Untenable On Facts & In Law.
For Appellant: Shri Akkal Dudhewala, FCAFor Respondent: Smt. Ranu Biswas, Addl. CIT D/R
Section 142(1)Section 143(2)Section 143(3)Section 147Section 148Section 250Section 68
…| आयकर अपीलीय अिधकरण "यायपीठ, कोलकाता | IN THE INCOME TAX APPELLATE TRIBUNAL “A(SMC)” BENCH, KOLKATA BEFORE DR. MANISH BORAD, HON’BLE ACCOUNTANT MEMBER & SHRI SONJOY SARMA, HON’BLE JUDICIAL MEMBER I.T.A. No. 265/Kol/2023 Assessment Year: 2013-14 Poddar Realtors Income Tax Officer, Ward-2(1), 1, Parkus Road, Burdwan Vs Burdwan Pin- 713101 [PAN : AAGCP2937G] अपीलाथ"/ (Assessee ) "" यथ"/ (Respondent) Assessee by : Shri Akkal Dudhewala, FCA Revenue by : Smt. Ranu Biswas, Addl. CIT D/R सुनवाई क" तारीख/Date of Hearing : 15/05/2023 घोषणा क" तारीख /Date of Pronouncement: 22/06/2023 आदेश/O R D E R PER DR. MANISH BORAD,…