BALAJEE METALLIC,PCIT vs. PCIT-1, KOLKATA
In the result, the appeal of the assessee is dismissed
ITA 227/KOL/2022[2017-18]Status: DisposedITAT Kolkata10 Sept 2024AY 2017-18
Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumari.T.A. No. 227/Kol/2022 Assessment Year: 2017-2018 Balajee Metallic,……………………………..……Appellant 5A, Hospital Street, Chandni Chawk, Kolkata-700072 [Pan:Aamfb7518E] -Vs.- Principal Commissioner Of Income Tax,…Respondent Kolkata-1, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances By: N O N E, Appeared On Behalf Of The Assessee Shri Rakesh Kumar Das, Cit, D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : August 13, 2024 Date Of Pronouncing The Order : September 10, 2024 O R D E R
Section 143(2)Section 143(3)Section 263
bogus in nature. Therefore, the said amount is disallowed and added back to the total income of the assessee.
Penalty proceeding u/s. 270A of the I.T. Act, 1961 is separately initiated on the above mentioned two expenditures for under reporting.
Subject to above discussions, total income of the assessee is computed as below:
Total income - as per return of income
