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TMI Blog2024 (8) TMI 119X X X X Extracts X X X X X X X X Extracts X X X X ..... called for the details of the share application money received during the year by the letter dated 6.5.2016 and also to the reply given by the assessee wherein full details were provided about the type of business carried on by the assessee, the audited financial statement, auditor s report note, NBFC auditors report from Reserve Bank, list of directors, details of trade payables, details of sundry debtors, list of purchases during the year. Tribunal also noted that the assessee had filed the details of allotment of equity shares to the three share subscribers and also the date-wise details which were filed regarding the information received from banking channels. Thus we find that the Tribunal was fully justified in concluding in favour o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Suman Bhowmik, Adv. Mr. Kausheyo Roy, Adv. for respondent ORDER The Court :- We have heard Mr. Smita Das De, Mr. Prithu Dudhoria, learned Counsel for the appellant and Mr. Abhratosh Majumder, learned standing Counsel for the respondent. It appears that there is a delay of 16 days in filing the appeal. We are satisfied with the explanation offered and the delay in filing the appeal is condoned. GA/1/2024 is allowed. This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated June 19, 2023 passed by the Income Tax Appellate Tribunal , A Bench, Kolkata in ITA/85/2022 for the assessment year 23012-13. The revenue has raised the following substantial questions of law for consider ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Commissioner under Section 263 by order dated 2.12.2015 the assessing officer commenced his scrutiny proceedings. The manner in which such scrutiny was done was taken note of the Tribunal. Further The Tribunal noted the assessing officer also called for the details of the share application money received during the year by the letter dated 6.5.2016 and also to the reply given by the assessee wherein full details were provided about the type of business carried on by the assessee, the audited financial statement, auditor s report note, NBFC auditors report from Reserve Bank, list of directors, details of trade payables, details of sundry debtors, list of purchases during the year. The Tribunal also noted that the assessee had filed t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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