PRINCIPAL COMMISSIONER OF INCOME TAX UDAIPUR vs. EMOTE WEALTH PRIVATE LIMITED

Accordingly, the appeal fails and is dismissed

Bench: : The Hon’Ble The Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Chaitali Chatterjee (Das) Dated : 1St July, 2025 Appearance: Mr. Aryak Dutt, Adv. Mr. Soumen Bhattacharjee, Adv. Mr. Ankan Das, Adv. Ms. Shradhya Ghosh, Adv. ..For Appellant Mr. Sanjay Dixit, Adv. Mr. Rajeev Kumar Agarwal, Adv. ..For Respondent

condonation of delay being IA No: GA/1/2025 is allowed. This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 18.10.2024 passed by the Income Tax Appellate Tribunal “C” Bench, Kolkata (the Tribunal) in ITA No.245/Kol/2024 for the assessment year 2011-12. 2 The revenue has raised