Factual Examination on ‘Addition’ of Unexplained Cash Credit under Income Tax Act Is Beyond Scope Of Appeal u/s  260A: Calcutta HC [Read Order]

The court ruled that examination of the factual position as sought for cannot be done in an appeal filed under Section 260A of the Income Tax Act and it is the duty of the Assessing Officer to have done such an exercise
By Yogitha S. Yogesh - On November 25, 2024 11:36 am - 3 mins read
Calcutta HC - Calcutta High Court - Factual Examination - Unexplained Cash Credit - Income Tax Act - Section 260A of the Income Tax Act - taxscan

In a significant ruling, the Calcutta High Court has held that it cannot interfere  in factual examination of the material produced or not produced by an assessee-company to explain the share capital and premium received as  it is beyond the scope of the an appeal filed under Section 260A of the Income Tax Act, 1961….

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