PRINCIPAL COMMISSIONER OF INCOME TAX 13 KOLKATA vs. S K AGARWALA AND CO

The appeal is allowed

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Hiranmay Bhattacharyya Date : 7Th February 2025. Appearance : Mr. Aryuak Dutt, Adv. Mr. Amit Sharma, Adv. …For Appellant. Mr. Suman Bhowmik, Adv. Mr. Nilanjan Bhattacharyya, Adv. Mr. Samrat Das, Adv. Mr. Alishan Hossain, Adv. ….For Respondent

70,75,050/-. Return was processed under Section 143(1). Thereafter the case was selected under manual compulsory guidelines of CBDT, pursuant to which notice under Section 143(2) was issued on 8.8.2017 and subsequent notice under Section 142(1) along with questionnaire was issued on 2.7.2018. In response to the notices authorised representative of the assessee