PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA vs. KRISHNA KUMAR PARSURAMKA
In the result, these appeals are allowed and the substantial
ITAT/130/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
purchased and sold by the assessee of a shell company.
The Commissioner of Income Tax (CIT), exercised power under Section 263
of the Act and reversed the order passed by the Assessing Officer. The
learned Standing Counsel has elaborately referred to the findings recorded
by the CIT and submitted that the assessee did not furnish any details
which has been
