AdvertisementPCIT Vs REI Agro Limited (Calcutta High Court) The Calcutta High Court considered the Revenue’s appeal under Section 260A of the Income Tax Act, 1961 against the order dated 31 March 2017 passed by the Income Tax Appellate Tribunal, Kolkata Bench, for Assessment Years 2010-11 and 2011-12. The Revenue raised two substantial questions of law. The first question concerned the Tribunal’s deletion of the addition made by the Assessing Officer under Section 36(1)(va) read with Section 2(24)(x) of the Income Tax Act on account of delayed deposit of employees’ contributions towards PF and ESI, w...