UNISYS SOFTWARES AND HOLDING IND. LTD.,KOLKATA vs. DCIT, CIR. 8(2), KOLKATA
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 43/KOL/2024[2011-12]Status: DisposedITAT Kolkata27 Sept 2024AY 2011-12
Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2011-12
For Appellant: NoneFor Respondent: Subhendu Datta, CIT-DR
Section 143(3)Section 147Section 148Section 250Section 250(6)Section 68
Property Invest (P) Ltd. Vs. Commissioner of Income Tax [2014] 51 taxmann.com 387 (SC) viii. CIT Vs. Precision Finance (P) Ltd. [1994] 208 ITR 465
(Cal)
Accordingly, the Ld. AO concluded that the identity, creditworthiness and genuineness of the amount receipt as share application totalling to Rs. 30,00,00,000/- had not been proved by the assessee