Amiya Gopal Dutta, Kolkata V. DCIT, Cir. 1(1), JPG
ITA 9681/COCH/2023
2017-2018
Pronouncement Date: 14-11-2022
Result: Assessee
Set asideCapital assetOpportunity of being heardInvalid noticequestion of lawIncome from undisclosed sourcesGiftCapital GainsPrinciple of natural justiceSearch and seizureinitiation of penalty proceedingsbogusIncome TaxDeductionInterestpenaltydisallowancecapital gainsection 14Aconcealment of incomeclosing stocksurveyadditional incomeexemptioncommissionAppealAssessment Yearlong term capital gainInterest IncomeinvestmentjurisdictionassessmentAgricultural Incomecash depositnatural justicepenalty proceedingsReassessmentStatutory noticeDefaultLiabilitiespublic interestDisputeHigh CourtDelhiNPAFraudValuationInvoiceRes JudicataArticle 14ClaimspromotionLoanbindingSupplyRejectionupheldAppellate AuthorityLUTMeritAppellate Tribunalinterferenceordertax liabilityAppellantconsiderationinterfereSupreme CourttransactiontaxableleaserentmanufactureVATAISinaccurate particularsunaccounted cashinflated expenditure143(3)143(2)271(1)(c)153A68432254F69132747314A2031141733349718192414384283088832325993635391626793545211054144226