PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 2 KOLKATA vs. M/S JAJODIA FINANCE LIMITED

Accordingly, the appeal filed by the revenue is allowed

Bench: : The Hon’Ble Chief Justice T.S Sivagnanam

3 We have heard Mr. Soumen Bhattacharjee, learned senior standing counsel for the appellant/revenue and Mr. Abhratosh Majumdar, learned senior advocate for the respondent/assessee. The assessee filed its return of income declaring total income as ‘nil’ which was processed under Section 143(1) where a refund of Rs.22,83,940/- was raised and issued. The case was selected for scrutiny

PRINCIPAL COMMISSIONER OF INCOME TAX - CENTRAL-1, KOLKATA vs. M/S. FEEGRADE AND COMPANY PVT. LTD.

In the result, the substantial questions of law are answered against