ITAT Remands Case Due to Lack of Opportunity to Substantiate Bogus Expense Claim

Arya Roadways Company Pvt. Vs ITO (ITAT Kolkata) The decision of the Income Tax Appellate Tribunal Kolkata pertains to Assessment Year 2011–12 and arises from an appeal filed by the assessee against the order dated 21.11.2024 passed by the Commissioner of Income Tax (Appeals), NFAC, Delhi under Section 250 of the Income Tax Act, 1961. The assessee had originally filed its return declaring total income of ₹7,12,840, which was processed under Section 143(1). Subsequently, based on information received from the Investigation Wing regarding suspicious transactions involving a third party, the ...