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
35,006/- is an unexplained cash credit under Section 68 of the Act and
accordingly directed the assessing officer to re-assess the income of the
assessee for the relevant assessment years.
27.
It is submitted that the assumption of jurisdiction by the
Commissioner under Section 263 of the Act is unsustainable and the order
is in violation
