PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. M/S ZULU MERCHANDISE PVT LTD

The appeal is allowed the order passed by

Bench: THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM,HON'BLE JUSTICE CHAITALI CHATTERJEE (DAS)

unexplained cash credit Under Section 68? 2. We have heard Mr. Vipul Kundalia, Learned Senior Advocate assisted by Mr. Prithu Dudheria, learned Senior Standing Counsel appearing for the appellant revenue and learned Advocate Mr. Agnibesh Sengupta assisted by Mr. Dwip Raj Basu and Mr. Avijit Kar, learned advocates appearing for the respondent assessee. 3. The assesseee is a non banking