Section 68 Addition for mere non-production of director not tenable: ITAT Kolkata

DCIT Vs Kohinoor Bengal Infrastructure Private Limited (ITAT Kolkata)

ITAT Kolkata held that mere non-production of director cannot be the ground for making any addition in the hands of assessee under section 68 of the Income Tax Act. Accordingly, appeal of the revenue dismissed.

Facts- This is an appeal preferred by the Revenue and CO by the assessee against the order of the Commissioner of Income-tax (Appeals), Kolkata-21 dated 29.02.2024 for the AY 2013-14.

The only issue raised by the Revenue against the deletion of addition of ₹1,50,00,000/- by

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