M/S STHIRLAKSHMI MERCANTILE PVT. LTD.,KOLKATA vs. I.T.O.,WARD-5(1), KOLKATA
In the result, appeal of the assessee
ITA 78/KOL/2020[2012-13]Status: DisposedITAT Kolkata05 Feb 2021AY 2012-13
Bench: Sri J. Sudhakar Reddy, Hon’Ble & Shri Sanjay Garg, Hon’Ble) [Virtual Court Hearing] Assessment Years: 2012-13 M/S. Sthirlakshmi Mercantile Pvt. Ltd........................................................……………….............Appellant 85, Netaji Subhas Road Kolkata – 700 001 [Pan : Aadcs 6971 Q] Vs. Income Tax Officer, Ward – 5(1), Kolkata………….........….……....….....................................Respondent Appearances By: Shri S.M. Surana, Advocate, Appeared On Behalf Of The Assessee. Shri Devi Saran Singh, Cit, D/R, Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : December 29Th, 2020 Date Of Pronouncing The Order : February 5Th, 2021 Order Per J. Sudhakar Reddy, Am :-
Section 131Section 133(6)Section 144Section 14ASection 250Section 68
115/-. The Assessing Officer completed best judgment assessment u/s 144 of the Act and determined the total income of the company at Rs.10,00,30,420/- interalia making addition of Rs.9,90,00,000/- u/s 68 of the Act being share capital received along with share premium and disallowance of Rs.9,46,300/- u/s 14A of the Act. The assessee
