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ITAT Remands Section 69A Addition as CIT(A) Failed to Pass Proper Speaking Order
Case Law Details
- Case Name
- Radhakrishna Forex Private Limited Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Kolkata
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Radhakrishna Forex Private Limited Vs ITO (ITAT Kolkata)
The ITAT Kolkata partly allowed the appeal filed by Radhakrishna Forex Private Limited for AY 2018-19 and remanded the matter back to the Commissioner of Income Tax (Appeals) for fresh adjudication on merits. The assessee had originally filed its return declaring total income of ₹1,85,170. During assessment proceedings, the Department found cash deposits of ₹61.76 crore and total credits of ₹62.42 crore in the assessee’s Bank of Baroda account, while the turnover disclosed in the return was ₹61.61 crore. The as...
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