PRINCIPAL COMMISSIONER OF INCOME TAX-2, KOLKATA vs. UNIVERSAL INDUSTRIAL FUND LTD.
The appeal stands disposed of on
ITAT/359/2017HC Calcutta03 Jan 2022
Bench: : The Hon’Ble Justice T.S. Sivagnanam A N D The Hon’Ble Justice Hiranmay Bhattacharyya Date: January 3, 2022. [Via Video Conference] Appearance : Mr. Tilak Mitra, Adv. Mr. A. Bhowmik, Adv. … For The Appellant/Revenue Mr. Sanjay Bbhowmick, Adv. Mr. A.K.Dey, Adv. … For The Respondent The Court : This Appeal Filed By The Revenue Under Section 260A Of The Income Tax Act, 1961 (The Act, In Brevity) Is Directed Against The Order Dated 24Th March, 2017, Passed By The Income Tax Appellate Tribunal, “B” Bench, Kolkata (Tribunal) In Ita No. 297/Kol/2014 For The Assessment Year 2010-11. The Revenue Has Raised The Following Substantial Questions Of Law For Our Consideration:
Section 14ASection 260ASection 36Section 36(1)
disallowance made by the assessing officer on account of
bad debt written off without considering that the case of
the assessee is not covered under the provisions of
section 36(1) (vii
