2023 (2) TMI 1359

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..... Das, Adv. For the Appellant Mr. Amit Sharma, Adv. For the Respondent ORDER The Court : This appeal filed by the assessee under Section 260A of the Income Tax Act, 1961 (the 'Act' for brevity) is directed against the order dated 15th May, 2009 passed by the Income Tax Appellate Tribunal, "C" Bench, Kolkata (the Tribunal) in ITA No.1655/Kol/2007 for the assessment year 2001-02. The appeal was ad .....

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..... riod if limitation for making a regular scrutiny assessment under Section 143(3) of the I.T. Act ? We have heard Mr. Ramendra Nath Biswas, learned counsel assisted by Mr. Avra Mazumdar, Mr. Suman Bhowmick and Mr. Samrat Das, learned Advocates for the appellant and Mr. Amit Sharma, learned standing counsel for the respondent/department. Learned Advocate appearing for the appellant submitted that .....

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..... ficer, we find that detailed factual aspects have been dealt with and the assessment is completed. The Commissioner of Income Tax (Appeals) tested the correctness of the order and granted partial relief to the assessee by reducing the percentage of undisclosed purchases/sales. The assessee carried the matter on appeal to the learned Tribunal which further reduced the addition to 10% towards purcha .....

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