Sanjay Bimalchand Jain v. PCIT-1, Nagpur

89 Taxmann.com 196High Court2018#342 most cited

What is Sanjay Bimalchand Jain v. PCIT-1, Nagpur authority for?

The exemption for long-term capital gains on share transactions is unavailable if the assessee fails to discharge the onus of proving the genuineness of gains arising from dubious share transactions designed to convert unaccounted income into tax-exempt capital gains. Courts will uphold an assessment based on the Revenue's evidence of price rigging or penny stock manipulation if the assessee cannot provide cogent evidence for the abnormal rise in share value.

251

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2018 to 2026.

Also referred to as

Sanjay Bimalchand Jain · Section 10(38) · Section 68 · Section 69C · bogus long term capital gain · penny stock · price rigging · circular trading · onus of proof · unexplained income · scrutiny assessment · colourable device

Sections most often in play

Section 10(38)Section 68Section 142(1)Section 143(2)Section 69CSection 143(3)Section 148Section 250

Issues it is cited on

price riggingbogus ltcgcircular tradingbogus long term capital gainonus of proofpenny stocksection 10(38)paper companypreponderance of probabilityentry operatorlong term capital gainscolourable device

Judgments citing Sanjay Bimalchand Jain v. PCIT-1, Nagpur

Sangeetha, Chennai vs. ITO Non Corporate Ward 6(3), Chennai

In the result, the appeals filed by the assessee in ITA

ITA 2660/CHNY/2018[2010-11]Status: DisposedITAT Chennai31 Jul 2019AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.2657/Chny/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1St Floor, Sowcarpet, Chennai. Chennai – 600 079. Pan: Arcpk1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/Chny/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs The Income Tax Officer, Smt. Nirmala Devi Suresh Kumar, Non Corporate Ward 5(2), No.41, Narayana Mudall Street, Chennai. Sowcarpet, Chennai – 600 079. Pan: Aasps4466N (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri Pr
Section 10(38)Section 68

…आयकर अपील"य अ"धकरण, ‘डी’ "यायपीठ, चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘D’ BENCH, CHENNAI "ी एन.आर.एस. गणेशन,"याियक सद"य एवं "ी एस जयरामन, लेखा सद"य के सम" BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A.No.2657/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1st Floor, Sowcarpet, Chennai. Chennai – 600 079. PAN: ARCPK1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs…

Nirmala Devi Suresh Kumar, Chennai vs. ITO Non Corporate Ward 5(2), Chennai

In the result, the appeals filed by the assessee in ITA

ITA 2659/CHNY/2018[2012-13]Status: DisposedITAT Chennai31 Jul 2019AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.2657/Chny/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1St Floor, Sowcarpet, Chennai. Chennai – 600 079. Pan: Arcpk1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/Chny/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs The Income Tax Officer, Smt. Nirmala Devi Suresh Kumar, Non Corporate Ward 5(2), No.41, Narayana Mudall Street, Chennai. Sowcarpet, Chennai – 600 079. Pan: Aasps4466N (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri Pr
Section 10(38)Section 68

…आयकर अपील"य अ"धकरण, ‘डी’ "यायपीठ, चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘D’ BENCH, CHENNAI "ी एन.आर.एस. गणेशन,"याियक सद"य एवं "ी एस जयरामन, लेखा सद"य के सम" BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A.No.2657/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1st Floor, Sowcarpet, Chennai. Chennai – 600 079. PAN: ARCPK1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs…

Jugrajji Babulal, Chennai vs. ITO Non Corporate Ward 4(5), Chennai

In the result, the appeals filed by the assessee in ITA

ITA 2658/CHNY/2018[2012-13]Status: DisposedITAT Chennai31 Jul 2019AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.2657/Chny/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1St Floor, Sowcarpet, Chennai. Chennai – 600 079. Pan: Arcpk1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/Chny/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs The Income Tax Officer, Smt. Nirmala Devi Suresh Kumar, Non Corporate Ward 5(2), No.41, Narayana Mudall Street, Chennai. Sowcarpet, Chennai – 600 079. Pan: Aasps4466N (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri Pr
Section 10(38)Section 68

…आयकर अपील"य अ"धकरण, ‘डी’ "यायपीठ, चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘D’ BENCH, CHENNAI "ी एन.आर.एस. गणेशन,"याियक सद"य एवं "ी एस जयरामन, लेखा सद"य के सम" BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A.No.2657/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1st Floor, Sowcarpet, Chennai. Chennai – 600 079. PAN: ARCPK1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs…

Khushbu Jain, Chennai vs. ITO Non Corporate Ward 5(1), Chennai

In the result, the appeals filed by the assessee in ITA

ITA 2657/CHNY/2018[2010-11]Status: DisposedITAT Chennai31 Jul 2019AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.2657/Chny/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1St Floor, Sowcarpet, Chennai. Chennai – 600 079. Pan: Arcpk1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/Chny/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs The Income Tax Officer, Smt. Nirmala Devi Suresh Kumar, Non Corporate Ward 5(2), No.41, Narayana Mudall Street, Chennai. Sowcarpet, Chennai – 600 079. Pan: Aasps4466N (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri Pr
Section 10(38)Section 68

…आयकर अपील"य अ"धकरण, ‘डी’ "यायपीठ, चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘D’ BENCH, CHENNAI "ी एन.आर.एस. गणेशन,"याियक सद"य एवं "ी एस जयरामन, लेखा सद"य के सम" BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A.No.2657/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2010-11) Vs The Income Tax Officer, Smt. Khushbu Jain, No.31, Krishanappa Tank Street, Non Corporate Ward 5(1), 1st Floor, Sowcarpet, Chennai. Chennai – 600 079. PAN: ARCPK1200H (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./I.T.A.No.2659/CHNY/2018 ("नधा"रण वष" / Assessment Year: 2012-13) Vs…

Suman Poddar, New Delhi vs. ITO, Ward-39(5), New Delhi

In the result, the appeal of the assessee is dismissed

ITA 1006/DEL/2019[2014-15]Status: DisposedITAT Delhi25 Jul 2019AY 2014-15

Bench: Sh. H. S. Sidhudr. B. R. R. Kumarita No. 1006/Del/2019 : Asstt. Year : 2014-15 Suman Poddar, Vs Income Tax Officer, C/O Raj Kumar & Associates, Ward-39(5), Cas, L-7A (Lgf), South New Delhi-110002 Extension, Part-Ii, New Delhi-110049 (Appellant) (Respondent) Pan No. Aaopp4893N Assessee By : Sh. Raj Kumar Gupta, Ca Revenue By : Ms. Ashima Neb, Sr. Dr Date Of Hearing: 03.07.2019 Date Of Pronouncement: 25.07.2019 Order Per Dr. B. R. R. Kumar:

For Appellant: Sh. Raj Kumar Gupta, CAFor Respondent: Ms. Ashima Neb, Sr. DR
Section 10(38)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES ‘G’, NEW DELHI Before Sh. H. S. Sidhu, Judicial Member Dr. B. R. R. Kumar, Accountant Member ITA No. 1006/Del/2019 : Asstt. Year : 2014-15 Suman Poddar, Vs Income Tax Officer, C/o Raj Kumar & Associates, Ward-39(5), CAs, L-7A (LGF), South New Delhi-110002 Extension, Part-II, New Delhi-110049 (APPELLANT) (RESPONDENT) PAN No. AAOPP4893N Assessee by : Sh. Raj Kumar Gupta, CA Revenue by : Ms. Ashima Neb, Sr. DR Date of Hearing: 03.07.2019 Date of Pronouncement: 25.07.2019 ORDER Per Dr. B. R. R. Kumar, Accountant Member: The present appeal has been filed by the ass…

Anil Kumar Shaw (HUF), Hooghly vs. ITO, Ward - 24(1), Hooghly

ITA 2411/KOL/2018[2015-16]Status: DisposedITAT Kolkata04 Jun 2019AY 2015-16

Bench: Shri A. T. Varkey, Jm]

Section 10(38)Section 68

…1 Anil Kumar Shaw-HUF., AY 2015-16 आयकर अपील"य अधीकरण, "यायपीठ – “C(SMC)” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL “C(SMC)” BENCH: KOLKATA (सम") "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri A. T. Varkey, JM] I.T.A. No. 2411/Kol/2018 Assessment Year: 2015-16 Anil Kumar Shaw - HUF Vs. Income-tax Officer, Wd-24(1), (PAN: AANHA0282R) Hooghly. Appellant Respondent Date of Hearing 19.03.2019 Date of Pronouncement 04.06.2019 For the Appellant Shri R. P. Das, FCA For the Respondent Shri Robin Choudhury, Addl. CIT, Sr. DR ORDER This appeal filed by assessee is against the order of Ld. CIT(A) - 6, Kolkata dated 09…

Santi Ranjan Das, North 24 Parganas vs. DCIT, Circle - 51, Kolkata

Appeals are allowed in above terms

ITA 824/KOL/2018[2012-13]Status: DisposedITAT Kolkata22 Mar 2019AY 2012-13

Bench: Hon’Ble Shri S.S. Godara, Jm] I.T.A No. 824/Kol/2018 Assessment Year : 2012-13 Santi Ranjan Das –Vs- Dcit, Circle-51, Kolkata [Pan: Adfpd 9023 L] (Appellant) (Respondent)

For Appellant: Shri A.K. Tibrewal, FCAFor Respondent: Shri C.J. Singh, JCIT, Sr. DR
Section 10(38)Section 143(3)Section 147Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH : KOLKATA [Before Hon’ble Shri S.S. Godara, JM] I.T.A No. 824/Kol/2018 Assessment Year : 2012-13 Santi Ranjan Das –vs- DCIT, Circle-51, Kolkata [PAN: ADFPD 9023 L] (Appellant) (Respondent) For the Appellant : Shri A.K. Tibrewal, FCA For the Respondent : Shri C.J. Singh, JCIT, Sr. DR I.T.A No. 2085/Kol/2018 Assessment Year : 2015-16 M.K. Kandoi & Sons, HUF –vs- ITO, Ward-35(4), Kolkata [PAN: AAFHM 9884 B] (Appellant) (Respondent) For the Appellant : Shri Shri K.M. Roy, FCA For the Respondent : Shri C.J. Singh, JCIT, Sr. DR Date of Hearing : 04.03.…

M/S. M.K. Kandoi & Sons, HUF, Kolkata vs. ITO, Ward - 35(4), Kolkata

Appeals are allowed in above terms

ITA 2085/KOL/2018[2015-16]Status: DisposedITAT Kolkata22 Mar 2019AY 2015-16

Bench: Hon’Ble Shri S.S. Godara, Jm] I.T.A No. 824/Kol/2018 Assessment Year : 2012-13 Santi Ranjan Das –Vs- Dcit, Circle-51, Kolkata [Pan: Adfpd 9023 L] (Appellant) (Respondent)

For Appellant: Shri A.K. Tibrewal, FCAFor Respondent: Shri C.J. Singh, JCIT, Sr. DR
Section 10(38)Section 143(3)Section 147Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH : KOLKATA [Before Hon’ble Shri S.S. Godara, JM] I.T.A No. 824/Kol/2018 Assessment Year : 2012-13 Santi Ranjan Das –vs- DCIT, Circle-51, Kolkata [PAN: ADFPD 9023 L] (Appellant) (Respondent) For the Appellant : Shri A.K. Tibrewal, FCA For the Respondent : Shri C.J. Singh, JCIT, Sr. DR I.T.A No. 2085/Kol/2018 Assessment Year : 2015-16 M.K. Kandoi & Sons, HUF –vs- ITO, Ward-35(4), Kolkata [PAN: AAFHM 9884 B] (Appellant) (Respondent) For the Appellant : Shri Shri K.M. Roy, FCA For the Respondent : Shri C.J. Singh, JCIT, Sr. DR Date of Hearing : 04.03.…

Soumitra Choudhury, Kolkata vs. ACIT, Circle - 22, Kolkata

ITA 256/KOL/2019[2012-13]Status: DisposedITAT Kolkata15 Mar 2019AY 2012-13

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Years :2012-13 Soumitra Choudhury V/S. Acit, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [Pan No.Acnpc 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date Of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/S. Income Tax Officer, C/O Balaji Enterprises, Ward-35(1), Aayakar 83/85 N.S. Road, Ground Bhawan Porva, 110, Floor, Kolkata Shantipally, Kokata- [Pan No.Actpa 9138 Q] 107 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Subash Agarwal Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 14-03-2019 सुनवाई क" तार"ख/Date Of Hearing 15-03-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- These Two Assessees Have Filed Their Instant Appeal(S) For Assessment Year(S) 2012-13 & 2015-16 Against The Commissioner Of Income Tax

Section 10(38)Section 131Section 133(6)Section 143(3)Section 148Section 68

…आयकर अपील"य अधीकरण, "यायपीठ – “C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH “C” KOLKATA Before Shri S.S.Godara, Judicial Member and Dr. A.L. Saini, Accountant Member Assessment Years :2012-13 Soumitra Choudhury V/s. ACIT, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [PAN No.ACNPC 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, JCIT-SR-DR ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/s. Income…

Purushottam Das Agarwal, Kolkata vs. ITO, Ward - 35(1), Kolkata

ITA 2421/KOL/2018[2015-16]Status: DisposedITAT Kolkata15 Mar 2019AY 2015-16

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Years :2012-13 Soumitra Choudhury V/S. Acit, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [Pan No.Acnpc 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date Of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/S. Income Tax Officer, C/O Balaji Enterprises, Ward-35(1), Aayakar 83/85 N.S. Road, Ground Bhawan Porva, 110, Floor, Kolkata Shantipally, Kokata- [Pan No.Actpa 9138 Q] 107 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Subash Agarwal Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 14-03-2019 सुनवाई क" तार"ख/Date Of Hearing 15-03-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- These Two Assessees Have Filed Their Instant Appeal(S) For Assessment Year(S) 2012-13 & 2015-16 Against The Commissioner Of Income Tax

Section 10(38)Section 131Section 133(6)Section 143(3)Section 148Section 68

…आयकर अपील"य अधीकरण, "यायपीठ – “C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH “C” KOLKATA Before Shri S.S.Godara, Judicial Member and Dr. A.L. Saini, Accountant Member Assessment Years :2012-13 Soumitra Choudhury V/s. ACIT, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [PAN No.ACNPC 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, JCIT-SR-DR ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/s. Income…

Rajesh Kumar Agarwal, Kolkata vs. ITO, Ward - 22(4), Kolkata

In the result, appeal of the assessee is allowed

ITA 1962/KOL/2018[2014-15]Status: DisposedITAT Kolkata20 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1962/Kol/2018 Assessment Year: 2014-15 Rajesh Kumar Agarwal…........…………………………………....………………...…………………….….Appellant [Pan :Acqpa 6300 D] Ito, Ward - 22(4), Kolkata………............................................................…....….…………..…...Respondent Appearances By: Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Appellant Shri Robin Choudhury, Addl. Cit Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1962/Kol/2018 Assessment Year: 2014-15 Rajesh Kumar Agarwal…........…………………………………....………………...…………………….….Appellant [PAN :ACQPA 6300 D] ITO, Ward - 22(4), Kolkata………............................................................…....….…………..…...Respondent Appearances by: Shri Miraj D. Shah, AR, appeared on behalf of the appellant Shri Robin Choudhury, Addl. CIT DR, appearing on behalf of the Respondent. Date of concluding the hearing : January 09, 2019 Date of pronouncing the order : Feb…

Paarth Somani Minor Beneficiary Trust, Kolkata vs. ITO, Ward - 35(1), Kolkata

In the result, appeal of the assessee is allowed

ITA 2323/KOL/2018[2015-16]Status: DisposedITAT Kolkata06 Feb 2019AY 2015-16

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravii.T.A. No. 2323/Kol/2018 Assessment Year: 2015-16 Paarth Somani Minor Beneficiary Trust……………....………………...…………………….….Appellant [Pan : Aactp 2267 L] Ito, Ward-35(1), Kolkata………............................................................…....….…………..…...Respondent Appearances By: Shri Rakesh Jain & B. C. Jain, Fca, Appeared On Behalf Of The Appellant Shri Saurav Kumar, Addl. Cit, Sr. Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, KOLKATA Before Sri J. Sudhakar Reddy, Accountant Member & Sri S.S. Viswanethra Ravi, Judicial Member I.T.A. No. 2323/Kol/2018 Assessment Year: 2015-16 Paarth Somani Minor Beneficiary Trust……………....………………...…………………….….Appellant [PAN : AACTP 2267 L] ITO, Ward-35(1), Kolkata………............................................................…....….…………..…...Respondent Appearances by: Shri Rakesh Jain & B. C. Jain, FCA, appeared on behalf of the Appellant Shri Saurav Kumar, Addl. CIT, Sr. DR, appearing on behalf of the Respondent. Date of concluding the hearing : Janua…

Arun Kumar Bagri, Kolkata vs. ITO, Ward - 46(2), Kolkata

In the result, all these appeals of the assessee are allowed

ITA 1949/KOL/2018[2014-15]Status: DisposedITAT Kolkata06 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1947/Kol/2018 Assessment Year: 2014-15 Smt. Santosh Devi Bagri…................…………………………………....………………...…………………….….Appellant 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Adapb 2100 P] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1948/Kol/2018 Assessment Year: 2014-15 Amit Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/O Commercial Enterprises 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Ajupb 2840 G] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1949/Kol/2018 Assessment Year: 2014-15 Arun Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/O Commercial Enterprises 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Advpb 8036 D] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent Appearances By: Shri S.M. Surana, Advocate, Appeared On Behalf Of The Assessee. Shri Robin Choudhury, Addl. Cit D/R, Appearing On Behalf Of The Revenue.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1947/Kol/2018 Assessment Year: 2014-15 Smt. Santosh Devi Bagri…................…………………………………....………………...…………………….….Appellant 138, Canning Street Bura Bazar Kolkata – 700 001 [PAN : ADAPB 2100 P] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1948/Kol/2018 Assessment Year: 2014-15 Amit Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/o Commercial Enterprises 138, Canning Street…

Amit Kumar Bagri, Kolkata vs. ITO, Ward - 46(2), Kolkata

In the result, all these appeals of the assessee are allowed

ITA 1948/KOL/2018[2014-15]Status: DisposedITAT Kolkata06 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1947/Kol/2018 Assessment Year: 2014-15 Smt. Santosh Devi Bagri…................…………………………………....………………...…………………….….Appellant 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Adapb 2100 P] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1948/Kol/2018 Assessment Year: 2014-15 Amit Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/O Commercial Enterprises 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Ajupb 2840 G] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1949/Kol/2018 Assessment Year: 2014-15 Arun Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/O Commercial Enterprises 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Advpb 8036 D] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent Appearances By: Shri S.M. Surana, Advocate, Appeared On Behalf Of The Assessee. Shri Robin Choudhury, Addl. Cit D/R, Appearing On Behalf Of The Revenue.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1947/Kol/2018 Assessment Year: 2014-15 Smt. Santosh Devi Bagri…................…………………………………....………………...…………………….….Appellant 138, Canning Street Bura Bazar Kolkata – 700 001 [PAN : ADAPB 2100 P] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1948/Kol/2018 Assessment Year: 2014-15 Amit Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/o Commercial Enterprises 138, Canning Street…

Smt. Santosh Devi Bagri, Kolkata vs. ITO, Ward - 46(2), Kolkata

In the result, all these appeals of the assessee are allowed

ITA 1947/KOL/2018[2014-15]Status: DisposedITAT Kolkata06 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1947/Kol/2018 Assessment Year: 2014-15 Smt. Santosh Devi Bagri…................…………………………………....………………...…………………….….Appellant 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Adapb 2100 P] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1948/Kol/2018 Assessment Year: 2014-15 Amit Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/O Commercial Enterprises 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Ajupb 2840 G] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1949/Kol/2018 Assessment Year: 2014-15 Arun Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/O Commercial Enterprises 138, Canning Street Bura Bazar Kolkata – 700 001 [Pan : Advpb 8036 D] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent Appearances By: Shri S.M. Surana, Advocate, Appeared On Behalf Of The Assessee. Shri Robin Choudhury, Addl. Cit D/R, Appearing On Behalf Of The Revenue.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1947/Kol/2018 Assessment Year: 2014-15 Smt. Santosh Devi Bagri…................…………………………………....………………...…………………….….Appellant 138, Canning Street Bura Bazar Kolkata – 700 001 [PAN : ADAPB 2100 P] Income Tax Officer, Ward-46(2), Kolkata……….........................................…....….…………..…...Respondent I.T.A. No. 1948/Kol/2018 Assessment Year: 2014-15 Amit Kumar Bagri…………..................…………………………………....………………...…………………….….Appellant C/o Commercial Enterprises 138, Canning Street…

Kanwarlal Agarwal (HUF), Kolkata vs. ITO, Ward - 44(2), Kolkata

In the result, appeal of the assessee is allowed

ITA 711/KOL/2018[2014-15]Status: DisposedITAT Kolkata01 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 711/Kol/2018 Assessment Year: 2014-15 Kanwarlal Agarwal (Huf)......…………………………………....………………...…………………….….Appellant [Pan : Aachk 5186 P] Ito, Ward - 44(2), Kolkata………............................................................…....….…………..…...Respondent Appearances By: Shri Subash Agarwal, Advocate, Appeared On Behalf Of The Appellant Shri Robin Choudhury, Addl. Cit Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 711/Kol/2018 Assessment Year: 2014-15 Kanwarlal Agarwal (HUF)......…………………………………....………………...…………………….….Appellant [PAN : AACHK 5186 P] ITO, Ward - 44(2), Kolkata………............................................................…....….…………..…...Respondent Appearances by: Shri Subash Agarwal, Advocate, appeared on behalf of the appellant Shri Robin Choudhury, Addl. CIT DR, appearing on behalf of the Respondent. Date of concluding the hearing : January 07, 2019 Date of pronouncing the orde…

Mahavir Jhanwar, Kolkata vs. ITO, Ward - 35(4), Kolkata

In the result, appeal of the assessee is allowed

ITA 2474/KOL/2018[2014-15]Status: DisposedITAT Kolkata01 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 2474/Kol/2018 Assessment Year: 2014-15 Mahavir Jhanwar…................…………………………………....………………...…………………….….Appellant [Pan :Actpj 9228 J] Ito, Ward 35(4), Kolkata………............................................................…....….…………..…...Respondent Appearances By: Shri Suraj J Jhanwar, Ca, Appeared On Behalf Of The Appellant Shri Robin Choudhury, Addl. Cit Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 2474/Kol/2018 Assessment Year: 2014-15 Mahavir Jhanwar…................…………………………………....………………...…………………….….Appellant [PAN :ACTPJ 9228 J] ITO, Ward 35(4), Kolkata………............................................................…....….…………..…...Respondent Appearances by: Shri Suraj J Jhanwar, CA, appeared on behalf of the appellant Shri Robin Choudhury, Addl. CIT DR, appearing on behalf of the Respondent. Date of concluding the hearing : January 09, 2019 Date of pronouncing the order :…

Shekhar Agarwal, Siliguri vs. ITO, Ward - 2(3), Siliguri

In the result, appeals of the assessee are allowed

ITA 1974/KOL/2018[2015-16]Status: DisposedITAT Kolkata01 Feb 2019AY 2015-16

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1973/Kol/2018 Assessment Year: 2015-16 Jagdish Kumar Agarwal........…………………………………....………………...…………………….….Appellant [Pan : Acgpa 7387 Q] Ito, Ward - 1(4), Siliguri………............................................................…....….…………..…...Respondent & I.T.A. No. 1974/Kol/2018 Assessment Year: 2015-16 Shekhar Agarwal………........…………………………………....………………...…………………….….Appellant [Pan : Apppa 8906 D] Ito, Ward - 2(3), Siliguri………............................................................…....….…………..…...Respondent Appearances By: Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Appellant Shri Robin Choudhury, Addl. Cit Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1973/Kol/2018 Assessment Year: 2015-16 Jagdish Kumar Agarwal........…………………………………....………………...…………………….….Appellant [PAN : ACGPA 7387 Q] ITO, Ward - 1(4), Siliguri………............................................................…....….…………..…...Respondent & I.T.A. No. 1974/Kol/2018 Assessment Year: 2015-16 Shekhar Agarwal………........…………………………………....………………...…………………….….Appellant [PAN : APPPA 8906 D] ITO, Ward - 2(3), Siliguri……….........................................................…

Jagdish Kumar Agarwal, Siliguri vs. ITO, Ward - 1(4), Siliguri

In the result, appeals of the assessee are allowed

ITA 1973/KOL/2018[2015-16]Status: DisposedITAT Kolkata01 Feb 2019AY 2015-16

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1973/Kol/2018 Assessment Year: 2015-16 Jagdish Kumar Agarwal........…………………………………....………………...…………………….….Appellant [Pan : Acgpa 7387 Q] Ito, Ward - 1(4), Siliguri………............................................................…....….…………..…...Respondent & I.T.A. No. 1974/Kol/2018 Assessment Year: 2015-16 Shekhar Agarwal………........…………………………………....………………...…………………….….Appellant [Pan : Apppa 8906 D] Ito, Ward - 2(3), Siliguri………............................................................…....….…………..…...Respondent Appearances By: Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Appellant Shri Robin Choudhury, Addl. Cit Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1973/Kol/2018 Assessment Year: 2015-16 Jagdish Kumar Agarwal........…………………………………....………………...…………………….….Appellant [PAN : ACGPA 7387 Q] ITO, Ward - 1(4), Siliguri………............................................................…....….…………..…...Respondent & I.T.A. No. 1974/Kol/2018 Assessment Year: 2015-16 Shekhar Agarwal………........…………………………………....………………...…………………….….Appellant [PAN : APPPA 8906 D] ITO, Ward - 2(3), Siliguri……….........................................................…

Shri Maliram Agarwal, Kolkata vs. ITO, Ward - 45(1), Kolkata

In the result, appeal of the assessee is allowed

ITA 1966/KOL/2018[2014-15]Status: DisposedITAT Kolkata01 Feb 2019AY 2014-15

Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1966/Kol/2018 Assessment Year: 2014-15 Shri Maliram Agarwal……........…………………………………....………………...…………………….….Appellant [Pan :Acvpa 2998 N] Ito, Ward - 45(1), Kolkata………............................................................…....….…………..…...Respondent Appearances By: Shri Sunil Surana, Ar, Appeared On Behalf Of The Appellant Shri Robin Choudhury, Addl. Cit Dr, Appearing On Behalf Of The Respondent.

Section 10(38)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA [Before Sri J. Sudhakar Reddy, Accountant Member] I.T.A. No. 1966/Kol/2018 Assessment Year: 2014-15 Shri Maliram Agarwal……........…………………………………....………………...…………………….….Appellant [PAN :ACVPA 2998 N] ITO, Ward - 45(1), Kolkata………............................................................…....….…………..…...Respondent Appearances by: Shri Sunil Surana, AR, appeared on behalf of the appellant Shri Robin Choudhury, Addl. CIT DR, appearing on behalf of the Respondent. Date of concluding the hearing : January 10, 2019 Date of pronouncing the order : Feb…