RISHI TRADECOM PVT. LTD.,KOLKATA vs. ITO, WARD-8(1), KOLKATA
In the result, the appeal of the assessee is partly allowed for statistical purposes
ITA 1339/KOL/2025[2017-18]Status: DisposedITAT Kolkata11 Nov 2025AY 2017-18
Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyassessment Year: 2017-18 Rishi Tradecom Pvt. Ltd.……………………………………….……….……Appellant 1, Old Court House Corner Tobacco House, 1St Floor, Room No.104, Kol-700001. [Pan: Aafcr4754E] Vs. Ito, Ward-8(1), Kolkata..………………………………….....……...…..…..Respondent Appearances By: Shri Siddarth Agarwal, Advocate & Nandini Sureka, Adv., Appeared On Behalf Of The Appellant. Shri S. B. Chakraborthy, Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : August 25, 2025 Date Of Pronouncing The Order : November 11, 2025 Order Per Pradip Kumar Choubey: This Appeal Filed By The Assessee Is Directed Against The Order Dated 25.04.2025 Of The National Faceless Appeal Centre [‘Cit(A)’] Passed Under Section 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As “The Act”) For The Assessment Year 2017–18. 2. Brief Facts Of The Case Are That The Assessee Filed Its Return Of Income For The Assessment Year 2017-18 Declaring Total Income Rs.Nil. The Case Of The Assessee Was Reopened U/S 148 Of The Act & Subsequent Notices U/S 143(2) & 142(1) Were Issued As The Assessing Officer Received Information That The Assessee Has Sold Immovable Property By Adopting Value Lower Than Stamp Valuation Authority. Accordingly, Assessment Order U/S 147 R.W.S. 144B Was Passed By Making An Addition Of Rs.28,36,680/- U/S 43Ca Of The Act Being The Rishi Tradecom Pvt. Ltd Difference Between Stamp Duty Valuation & Sale Consideration Of The Immovable Property.
Section 143(2)Section 147Section 148Section 250Section 43C
House,
1st Floor, Room No.104,
Kol-700001. [PAN: AAFCR4754E]
vs.
ITO, Ward-8(1), Kolkata..………………………………….....……...…..…..Respondent
Appearances by:
Shri Siddarth Agarwal, Advocate & Nandini Sureka, Adv., appeared on behalf of the appellant.
Shri S. B. Chakraborthy, Sr. DR, appeared on behalf of the Respondent.
Date of concluding the hearing : August 25, 2025
Date of pronouncing the order : November 11, 2025
ORDER
