IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH,KOLKATA SHRI RAJESH KUMAR, ACCOUNTANT MEMBER (Assessment Year 2013-2014)

M/s Vibhuti Marketing Private Limited, 3rd Floor, Room No. 12, Saha Court, 8, Ganesh Chandra Avenue, Kolkata - 700013 [PAN: AACCV8966B]……..…...……………....Appellant vs.

ITO, Ward-11(1), Kolkata, Aayakar Bhawan, 6^th Floor, P-7, Chowringhee Square, Kolkata - 700069................................ Respondent Appearances by:

Assessee represented by : Abhishek Bansal, Adv.

Department represented by : Shankar Naskar, Sr. DR Date of concluding the hearing : 09.09.2025 Date of pronouncing the order : 12.09.2025

O R D E R

1. This appeal arises from order dated 31.01.2024, passed u/s 250 of the Income Tax Act, 1961 (hereafter “the Act”) by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [hereafter “the Ld. CIT(A)].

2. At the time of hearing, the Ld. Counsel pressed Ground No. 4 which is extracted below.

“4. For that even otherwise, the reasons recorded are vague and therefore the reassessment proceeding initiated base upon such reasons is bad in law.”

3. The facts in brief are that the assessee filed return of income on 01.10.2023 declarin