PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATA vs. ARSHIA GLOBAL TRADECOM PRIVATE LIMITED

In the result, the appeal filed by the revenue is allowed

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

52,820/-. The assessment was reopened under Section 147 of the Act on the ground that the department was in receipt of information that in the assessee’s current account since the year 2010 large value of non-cash transactions have occurred amounting to around Rs. 28,56,66,139/-. Thus, the allegation was that the assessee routed

PRINCIPAL COMMISSIONER OF INCOME TAX-17, KOLKATA vs. M/S. RADHASHYAM TIRTHABASI PAUL