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5 results for “disallowance”+ Section 153Aclear

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Key Topics

Section 153A11Section 2639Section 260A5Section 54F4Section 271(1)(c)4Addition to Income4Section 80I3Section 143(3)3Section 683Deduction

COMMISSIONER OF INCOME TAX (IT & TP) vs. M/S. DONGFANG ELECTRIC CORPORATION

ITAT/66/2018HC Calcutta09 Jul 2021

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani

Section 132(1)Section 132(4)Section 133ASection 139Section 153ASection 271(1)(c)Section 274

153A only in pursuant to search for the A.Y. 2007-08. The submission of the assessee was considered and found to have no merit in the light of the provisions of the Explanation 5A to section 271(1)(c) inserted by the Finance Act 2007. The provisions are very clear that if any undisclosed income is found or declared after

PRINCIPAL COMMISSIONER OF INCOME TAX,CENTRAL -1, KOLKATA vs. SHALIMAR PELLET FEEDS LTD.

3
Long Term Capital Gains2
Disallowance2

In the result the appeals in so far as the assessment

ITAT/199/2018HC Calcutta07 Dec 2021

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

For Appellant: Ms. Sucharita Biswas, AdvFor Respondent: Mr. J. P. Khaitan, Sr. Adv
Section 153ASection 260ASection 263Section 80I

disallowance in case of depreciation was not based on incriminating material ignoring the fact that these additions were not made by the assessing officer in the assessment order and for making these additions, there is no requirement of incriminating material as per the provisions of Section 153A

PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. SHRI SAWANKUMAR T JAJOO

Accordingly, the appeal fails and dismissed

ITAT/271/2024HC Calcutta17 Jan 2025

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

Section 10(38)Section 143(3)Section 153ASection 260ASection 68

disallowed and added u/s.68 by the Assessing Officer on the ground that the said scrips has all characteristics of a penny stock used for generating bogus Long Term Capital Gains? ii) Whether on the facts and in the circumstances of the case, the Hon’ble ITAT was erred in law in failing to give credence to investigations made

PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 2 KOLKATA vs. SRI RAHUL SARAF

The appeal stands disposed of on the ground of low tax effect

ITAT/218/2024HC Calcutta20 Sept 2024

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Hiranmay Bhattacharyya Date : September 20, 2024. Appearance : Mr. Soumen Bhattacharjee, Adv. Ms. Doyel Dey, Adv. …For Appellant. Mr. Soumitra Chowdhury, Adv. Mr. Avra Mazumder, Adv. Mr. Pranabesh Sarkar, Adv. Mr. Suman Bhowmik, Adv. Mr. Samrat Das, Adv. Ms. Elina Dey, Adv. Mr. Sourendra Nath Banerjee, Adv. …For Respondent

Section 143(3)Section 153ASection 260ASection 54F

Section 153A only as a result of seizure of the statement in respect of Ballygunj House which was stated to have been under Construction as on 31.03.2011 ? ii) Whether the Learned Tribunal has committed substantial error in law in affirming the decision of the CIT(A) in deleting the addition made on account of short term Capital Gain and disallowance

PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 2 KOLKATA vs. M/S SALARPURIA PROPERTIES PVT LTD

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

ITAT/167/2023HC Calcutta30 Aug 2023

Bench: : The Hon’Ble The Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 30Th August, 2023 Appearance : Mr. Tilak Mitra, Adv. …For Apellant Mr. J.P. Khaitan, Sr. Adv. Mr. Akhilesh Gupta, Adv. Mr. Indranil Banerjee, Adv. ….For Respondent

Section 148(3)Section 153(1)Section 153ASection 260ASection 263Section 80I

disallowed in Assessment year 2011-12, 2012-13, 2013-14 ? II) Whether the Learned Tribunal has erred in law and in fact in overlooking that the Assessing Officer did not apply his mind in the assessment year 2010-11 which makes the order erroneous and prejudicial to the interest of the revenue ?” The assessment for the year under consideration