Failure to substantiate identity & fund source: Kolkata ITAT Remits Matter for Re-adjudication

Dahisar Traders Pvt Ltd Vs ITO (ITAT Kolkata) Introduction: The case of Dahisar Traders Pvt Ltd vs ITO (ITAT Kolkata) revolves around the failure of the taxpayer to adequately substantiate the question of identity and the source of funds. As a result, the Kolkata Income Tax Appellate Tribunal (ITAT) has remitted the matter for re-adjudication. Let’s delve deeper into the details of this case. Detailed Analysis: The appeal was filed against the order of the Commissioner of Income-tax (Appeals), Delhi, for the assessment year 2011-12. The Income Tax Officer, Kolkata, had passed the order b...