ITO, WARD-13(1), KOLKATA, KOLKATA vs. M/S ANAND ENTERPRISES LTD., HOWRAH
In the result, the appeal of the revenue and the cross objection of the assessee are dismissed
ITA 1614/KOL/2016[2012-13]Status: DisposedITAT Kolkata28 Sept 2018AY 2012-13
Bench: Hon’Ble Shri M.Balaganesh, Am & Hon’Ble Shri S.S.Viswanethra Ravi, Jm] I.T.A No. 1614/Kol/2016 Assessment Year : 2012-13 Ito, Ward-13(1), Kolkata -Vs- M/S Anand Enterprises Ltd. [Pan: Aacca 1175 F] (Appellant) (Respondent) C.O. No. 56/Kol/2016 (Arising Out Of I.T.A No. 1614/Kol/2017 ) Assessment Year : 2012-13 M/S Anand Enterprises Ltd. -Vs- Ito, Ward-13(1), Kolkata [Pan: Aacca 1175 F] (Cross Objector) (Respondent)
For Appellant: Shri G.Hangshing, CIT DRFor Respondent: Shri S.M. Surana, Ld. AR
Section 131Section 133(6)Section 2Section 68
section 68 to make the said addition in the appellant’s hand. Transactions purportedly executed by entry operators involve multiple layers and other complexities, introducing delays in introduction of unaccounted cash/money and multiple players being incorporated entities. Measures taken by the AO in the course of the assessment proceeding falls much short of what is required to be done
