BALAJI FARMHOUSE ESTATE PRIVATE LIMITED,KOLKATA V. ITO 9(2), KOLKATA

ITA 2612/KOL/2025

AI Insights

The case involves Balaji Farmhouse And Estates Private Limited appealing against the order of the Additional/Joint Commissioner of Income Tax (Appeals), Panaji, which was passed on 15.09.2025 for the Assessment Year 2012-2013. The primary contention was the alleged receipt of Rs. 5,00,000 from M/s. Quest Vintrade Pvt. Limited during the financial year 2011-12, which the assessee denied. The Assessing Officer had not provided specific details of the transaction when requested by the assessee. The tribunal reviewed the bank statements submitted by the assessee and found no record of such a transaction, leading to the decision to allow the appeal and direct the deletion of the addition made by the Assessing Officer.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 846065 (ITAT-KOLKATA)
• Duration Of Justice: 4 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-03-2026
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: Kolkata
• Assessment Year: 2012-2013
• Appeal Filed On: 11-11-2025
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Unexplained cash credit

Judgement Text

" ITA No. 2612/KOL/2025 (A.Y. 2012-2013) Balaji Farmhouse And Estates Private Limited 1 IN THE INCOME TAX APPELLATE TRIBUNAL, ‘SMC’ BENCH, KOLKATA Before Shri Duvvuru RL Reddy, Vice-President (KZ) I.T.A. No. 2612/KOL/2025 Assessment Year: 2012-2013 Balaji Farmhouse And Estates Private Limited,…………………………………………...…Appellant 159, Rabindra Sarani, 3rd Floor, Kolkata-700007, West Bengal [PAN:AAECB7089F] -Vs.- Income Tax Officer,………………………....Respondent Ward-9(2), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances by: Shri Manish Bajoria, C.A., appeared on behalf of the assessee Shri Kallol Mistry, Sr. D.R., appeared on behalf of the Revenue Date of concluding the hearing: February 26, 2026 Date of pronouncing the order: March 27, 2026 O R D E R The present appeal is directed at the instance of assessee against the order of Id. Additional /Joint Commissioner of Income Tax (Appeals), Panaji dated 15.09.2025 passed for Assessment Year 2012-2013. Printed from counselvise.com ITA No. 2612/KOL/2025 (A.Y. 2012-2013) Balaji Farmhouse And Estates Private Limited 2 2. It was the submission of the ld. Counsel for the assessee is that the only allegation against the assessee is that it has received an amount of Rs.5,00,000/- from M/s. Quest Vintrade Pvt. Limited during F.Y. 2011-12 relevant to A.Y. 2012-13. He further submitted that the assessee never received any amount from anybody. The assessee also asked the ld. Assessing Officer to mention the date of transaction and other details, but the ld. Assessing Officer did not provide any details to the assessee. The assessee also filed details of Bank statement, which is in page no. 11 of the paper book. 3. I have gone through the Bank statement and there is no such transaction of the relevant financial year. Therefore, I am of the view that there is no material show that the assessee received an amount of Rs.5,00,000/- as unexplained credit. Therefore, I direct the ld. Assessing Officer to delete the addition made by the A.O., which was upheld by the ld. Addl./JCIT(Appeals). 4. In the result, the appeal of the assessee is allowed. Order pronounced in the open Court on 27/03/2026. Sd/- (Duvvuru RL Reddy) Vice-President (KZ) Kolkata, the 27th day of March, 2026 Copies to :(1) Balaji Farmhouse And Estates Private Limited, 159, Rabindra Sarani, 3rd Floor, Kolkata-700007, West Bengal Printed from counselvise.com ITA No. 2612/KOL/2025 (A.Y. 2012-2013) Balaji Farmhouse And Estates Private Limited 3 (2) Income Tax Officer, Ward-9(2), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 (3) Addl./JCIT(Appeals), Panaji; (4) CIT - , Kolkata; (5) The Departmental Representative; (6) Guard File TRUE COPY By order Assistant Registrar, Income Tax Appellate Tribunal, Kolkata Benches, Kolkata Laha Printed from counselvise.com "