Case Law Details
Case Name : DCIT vs Sonodyne Television Co. Ltd.(ITAT Kolkata)
Appeal Number : I.T.A No. 330/Kol/2016
Date of Judgement/Order : 31.01.2018
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Kolkata
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Advocate Akhilesh Kumar Sah
Section 41(1) of the Income Tax Act, 1961 (for short ‘the Act’) deals with the profits chargeable to tax in certain cases.
Recently in, DCIT. vs Sonodyne Television Co. Ltd. [I.T.A No. 330/Kol/2016 (Date of Decision: 31.01.2018)], one of the ground raised before ITAT Kolkata was that the CIT(A) had erred in law as well as on fact by deleting the liability written off for Rs. 59,75,631/-, when the assessee had failed to bring any evidence on record to prove the genuineness of the creditors.
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