PRINCIPAL COMMISSIONER OF INCOME TAX 2, KOLKATA vs. RANKUP FOOTWEARE INDUSTRIES PVT LTD
ITAT/223/2023HC Calcutta22 Jan 2024
Bench: : The Hon’Ble The Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 22Nd January, 2024 Appearance : Mr. Om Narayan Rai, Adv. Mr. Soumen Bhattacharjee, Adv. …For Appellant Mr. Soumitra Chowdhury, Adv. Mr. Avra Mazumder, Adv. Mr. Suman Bhowmik, Adv. Mr. Kausheyo Roy, Adv. Mr. Samrat Das, Adv. …For Respondent
Section 142(1)Section 143(2)Section 143(3)Section 260ASection 68
68 of
the Income Tax Act, 1961?
(ii)
Whether the Learned Tribunal has committed substantial error in
law in deleting the addition of Rs.1,49,54,000/- by focussing only on
the accounting aspect of the issue but not examining and taking
due cognizance on the ingenuity and improbability of the
transactions carried out under the garb of sales
