PRINCIPAL COMMISSIONER OF INCOME TAX-12,KOLKATA vs. M/S.SOORAJMULL NAGARMULL

In the result, the appeal is dismissed and the substantial questions of

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

gain of business or profession for the assessment year under consideration. Aggrieved by the same, the assessee preferred appeal before the Commissioner of Income Tax (Appeals) – XX, Kolkata [CIT(A)]. The CIT(A) by order dated 31.03.2008 deleted the addition. Challenging the said order, the revenue preferred appeal before the tribunal in ITA No. 1326/Kol/2008. The learned tribunal by order

PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. JEMISH SHAH

In the result, these appeals are allowed and the substantial