PRINCIPAL COMMISSIONER OF INCOME TAX 9 KOLKATA vs. M/S STEEL AUTHORITY OF INDIA EMPLOYEES CO OPERATIVE CREDIT SOCIETY LTD

In the result, the appeals filed by the revenue are dismissed and the

Bench: : The Hon’Ble Acting Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th April, 2023 Appearance : Ms. Smita Das De, Adv. …For The Appellant Mr. Saumya Kejriwal, Adv. Mr. G.S. Gupta, Adv. …For The Respondent The Court : We Have Heard Ms. Smita Das De, Learned Standing Counsel For The Appellant & Mr. Saumya Kejriwal, Learned Counsel For The Respondent. There Is A Delay Of 168 Days In Filing These Appeals.

Delay in filing the appeal is condoned. These appeals have been filed by the revenue under Section 260A of the Income Tax Act, 1961 (the Act) challenging the common order dated 18th April, 2022 passed by the Income Tax Appellate Tribunal, `B’ Bench, Kolkata in I.T.A No. 426 to 428/Kol/2020 and 268 to 269/Kol/2021 for the assessment year

PRINCIPAL COMMISSIONER OF INCOME TAX-1,KOLKATA vs. M/S. THE PEERLESS GENERAL FINANCE AND INVESTMENT CO. LTD

Bench: : The Hon’Ble Justice T.S. Sivagnanam

condonation of delay being IA No.GA/1/2021 is allowed. Re: ITAT/164/2021 This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 is directed against the order dated 5th December, 2019 passed by the Income Tax Appellate Tribunal, ‘C’ Bench, Kolkata in ITA No.1470/Kol/2019 for the assessment year 2015-16. The revenue has raised the following

PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATA vs. M/S. THE PEERLESS GENERAL FINANCE AND INVESTMENT CO. LTD.

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

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Supratim Bhattacharya Date : 12Th September, 2022 Appearance : Mr. Soumen Bhattacharjee, Adv. ….For Appellant Mr. Abhijit Chatterjee, Sr. Adv. Mr. Gopal Ram Sharma, Adv. …For Respondent The Court : This Appeal By The Revenue Filed Under Section 260A Of The Income Tax Act, 1961 (The Act, For Brevity) Is Directed Against The Order Dated 22Nd July, 2020, Passed By The Income Tax Appellate Tribunal, Kolkata Bench, `D Virtual Court’, Kolkata (Tribunal) In Ita No. 1486/Kol/2019, For The Assessment Year 2014-15. The Revenue Has Raised The Following Substantial Questions Of Law For Consideration :- A. Whether The Learned Tribunal Has Committed Substantial Error In Law In Confirming The Decision Of Learned Commissioner Of Income Tax (Appeals) In Allowing Long Term Capital Loss Of Rs. 1,09,80,30,873/- On Transfer Of Government Securities After Applying Cost Inflation Index On Sale Of Government Securities & Holding He Government Securities Are Not Bond & Debentures For The Purpose Of 3Rd Proviso To Section 48 Of The Act (4Th Proviso After Amendment) Which Is Petently Wrong & Latently Irregular ?

14A of the Income Tax Act, 1961 as proportionate interest of Rs. 67,56,925/- was computed under Rule 8D(ii) of the Income Tax Rules ? D. Whether the Learned Tribunal has committed substantial error in law in confirming the decision of CIT(A) for deleting the addition of Rs.8,93,88,975/- was computed under Rule

PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. ISG TRADERS LTD

Accordingly, the appeal fails and dismissed

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Supratim Bhattacharya Date : September 12, 2022. Appearance: Mr. Prithu Dudhoria, Adv. … For Appellant Mr. Moloy Dhar, Adv. …For Respondent The Court : Heard Mr. Prithu Dudhoria, Learned Standing Counsel For The Appellant & Mr. Moloy Dhar, Advocate Learned Advocate For The Respondent. There Is A Delay Of 559 Days In Filing The Appeal. Though The Explanation Offered Is Not Fully Satisfactory, Since We Have Suggested That The Appeal Itslef Can Be Heard & Submissions Were Heard On The Merits Of The Matter We Exercise Discretion & Condone The Delay In Filing The Appeal. The Appeal Filed By The Revenue Under Section 260A Of The Income Tax Act (The Act) Is Directed Against The Order Dated 5Th June, 2020 Passed By The Learned Income Tax Appellate Tribunal “B” Bench Kolkata In Ita No. 1610/Kol/2019 For The Assessment Year 2012-13.

condone the delay in filing the appeal. The appeal filed by the revenue under Section 260A of the Income Tax Act (the Act) is directed against the order dated 5th June, 2020 passed by the Learned Income Tax Appellate Tribunal “B” Bench Kolkata in ITA No. 1610/Kol/2019 for the assessment year 2012-13. 2 The revenue has raised the following

PRINCIPAL COMMISSIONER OF INCOME TAX-4, KOLKATA vs. HINDUSTAN GUM AND CHEMICALS LTD

Bench: HON'BLE JUSTICE RAJESH BINDAL, CHIEF JUSTICE (ACTING),HON'BLE JUSTICE ANIRUDDHA ROY

condonation of delay of 497 days in filing thereof. The following substantial questions of law were sought to be raised :- ITAT/40/2020 2 (i) Whether on the facts and circumstances of the case the Learned Income Tax Appellate Tribunal is justified in law in not considering the CBDT Instruction No. 3/2010 dated 23rd March, 2010 which stipulates that notional loss

PRINCIPAL COMMISSIONER OF INCOME TAX, KOLKATA-5, KOLKATA vs. M/S MERLIN RESOURCES PRIVATE LIMITED

Bench: HON'BLE JUSTICE I. P. MUKERJI,HON'BLE JUSTICE MD. NIZAMUDDIN

condonation of delay of 497 days in filing thereof. The following substantial questions of law were sought to be raised :- ITAT/40/2020 2 (i) Whether on the facts and circumstances of the case the Learned Income Tax Appellate Tribunal is justified in law in not considering the CBDT Instruction No. 3/2010 dated 23rd March, 2010 which stipulates that notional loss

PRINCIPAL COMMISSIONER OF INCOME TAX-2, KOLKATA vs. M/S. SREI INFRASTRUCTURE FINANCE LIMITED

Accordingly the same stands dismissed without

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Hiranmay Bhattacharyya Date : 24Th May, 2024. Appearance : Mr. Aryak Dutt, Adv. Mr. Prithu Dudhoria, Adv. …For Appellant.

delay in filing the appeal is condoned. The application is allowed. This appeal filed by the Income Tax Department under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated May 22, 2023 passed by the Income Tax Appellate Tribunal “A” Bench, Kolkata (the Tribunal) in ITA No. 1318/Kol/2019 and ITA No. 1538/Kol/2019