In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Kolkata recently delivered a verdict in favor of City Shoppe Estates Limited, deleting an addition of Rs. 40 lakhs made under Section ...

The assessee, Kuna Impex Pvt Ltd, filed a return of income for the assessment year 2011-2012, declaring a total income of Rs. 33,47,310. The tax department received information that the assessee ...