Calcutta H.C : The Assessing Officer, in original assessment order dated May 11, 2009 passed under section 143(3) of the Act, erroneously allowed the loss of Rs. 3,17,02,725/- from purchase and sale of cotton knitted fabric without making any enquiry whatsoever, though the assessee was not in the said business of purchase and sale of cotton knitted fabric in earlier year, which is prejudicial to the interest of Revenue and its purported findings in this behalf are arbitrary, unreasonable and perverse
High Court Of Calcutta Pr. CIT, Kolkata-3, Kolkata vs. India Finance Ltd. Section 263 Assessment Year 2007-08 Girish Chandra Gupta, […]
