Calcutta HC Dismisses Appeal on Section 153 Assessment Dispute

PCIT Vs Dozco (India) Pvt. Ltd. (Calcutta High Court) In the case of PCIT-1 Vs Dozco (India) Pvt. Ltd., the Calcutta High Court dismissed an appeal filed by the revenue challenging an Income Tax Appellate Tribunal (ITAT) order regarding an assessment under Section 153 of the Income Tax Act, 1961. The revenue questioned whether the ITAT erred in allowing the assessee’s appeal without properly considering Section 153’s provisions, particularly regarding the service date of April 3, 2015. The Commissioner of Income Tax (Appeals) [CIT(A)], in a prior order dated September 14, 2020, had ruled i...