PRINCIPAL COMMISSIONER OF INCOME TAX 9 KOLKATA vs. M/S SREELEATHERS
Accordingly, the appeal fails and is dismissed
ITAT/18/2022HC Calcutta14 Jul 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE BIVAS PATTANAYAK
Section 133(6)Section 142(2)Section 143Section 143(3)Section 260ASection 68
money. The
Assessing Officer placed reliance on the decision in the case of CIT
Versus Nipun Builders and Developers 1, wherein it has been held
that the Assessing Officer has to adopt a reasonable approach when the
initial onus on the assessee stands discharged. Ultimately, the
Assessing Officer concludes that those lender companies are artificial
and the transactions
