M/S GREEN STAR CORPORATION,KOLKATA vs. ACIT, CIRCLE - 45, KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed in part

Bench: Hon’Ble Shri J. Sudhakar Reddy, Am & Hon’Ble Shri A. T. Varkey, Jm Assessment Year: 2011-12

bogus. On a query from the Bench, the Ld. DR submitted that additions can be made u/s. 41(1) of the Act. He argued that neither the Ld. AO nor the Ld. CIT(A) had invoked this section of the Act. The Ld. DR submitted that it is implied that this section was invoked by the assessing authority

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the revenue is dismissed