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4. Facts of the case, in brief, are that the assessee M/s. Adhunik Infrastructure Development Pvt. Ltd. (earlier known as M/s Gauri Plasticulture Pvt. Ltd.) is a company engaged in trading of drip material and onions. It filed its return of income on 31.01.2013 declaring total income of Rs.8,06,410/-. The Assessing Officer completed the assessment u/s 143(3) of the Act on 11.03.2015 determining the total income of the assessee at Rs.9,18,632/- wherein he made disallowance of Rs.35,820/- u/s 14A of the Act, Rs.50,935/- on account of Miscellaneous expenses and Rs.25,467/- on account of Legal and licence fees. Subsequently, on the basis of information obtained from the Investigation Wing, Kolkata, the Assessing Officer reopened the assessment by recording the following reasons:

"Reasons for the reopening of the assessment in case of Gauri Plasticulture Pvt. Ltd. (Now Aadhunik Infrastructure Development Pvt. Ltd.) for A.Y. 2012-13.
1. The Assessee M/s Adhunik Infrastructure Development Pvt Ltd (earlier known as M/s Gauri Plasticulture Pvt. Ltd) is engaged in trading of drip material and onions. The assessee company had filed its return of income for A.Y 2012-13 on 31/01/2013 declaring total income of Rs.8,06,410/-. The assessment u/s 143(3) of the Income Tax Act was completed on 11/03/2015 assessing the total income of the assessee of Rs.9,18,632/- against return income of Rs. 8,06,410/-. 
Sr.No    Name                       Turnover        Fixed assets   PBT      PAT

1        Swastik Commercials - Rs.8,28,096/- -                     -        -
         Prop: Shri Subrata Roy
3. The bank account Statement of M/s Swastik Commercial and M/s Kali Traders were perused by the DDIT and it was found that significant transactions of money were recorded into its Bank Accounts of these concerns. On analysis of the financials of the above concern, the DDIT further inferred that these proprietary concerns are not into any actual business doing no justice with these transactions recorded into Bank Statement of its Bank Accounts. In light of these observation which establish that M/s Swastik Commercial and Kali Traders do not possess any financial credentials, a Money Trail was prepared to ascertain actual beneficiaries of these funds. The Money Trail so prepared fetched several names of the actual beneficiaries, M/s Gauri Plasticulture Pvt. Ltd. (Aadhunik Infrastructure Development Pvt. Ltd. is one of the actual beneficiaries of these transactions amounting to Rs. 50,00,000/- for the A.Y 2012-13.