PRINCIPAL COMMISSIONER OF INCOME TAX 1 KOLKATA vs. M/S RABINDRA ENTERPRISES PVT LTD

Accordingly, the appeal fails and is dismissed

Bench: : The Hon’Ble The Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Chaitali Chatterjee (Das) Dated : 16Th June, 2025 Appearance: Mr. Aryak Dutt, Adv. Mr. Amit Sharma, Adv. ..For Appellant Mr. Subash Agarwal, Adv. Mr. Rajarshi Chatterjee, Adv. Mr. Amit Shaw, Adv. Ms. Suman Sahani, Adv. …Respondent

disallowance made under Section 68 of the Income Tax Act, 1961 by holding that assessee had discharged its onus to prove identity and creditworthiness of the share subscriber without considering that identity, creditworthiness or genuineness of the transaction is not established by merely showing that the transaction was through banking channels or by account payee instrument as held

PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. SUMAN KUMAR

Bench: :

161 to TATA and recorded such fact in its letter dated February 19, 2018. Out of Rs. 69,27,600 ASA's representative had also agreed to pay the remaining amount of Rs. 60,22,439/- in monthly instalments of Rs. 5,00,000/- each. The appellant alleged that ASA and SKS were fully aware of such excess rebates

PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. SAJJADBHAI NURUDDIN NANDARBARWAL

Bench: :

161 to TATA and recorded such fact in its letter dated February 19, 2018. Out of Rs. 69,27,600 ASA's representative had also agreed to pay the remaining amount of Rs. 60,22,439/- in monthly instalments of Rs. 5,00,000/- each. The appellant alleged that ASA and SKS were fully aware of such excess rebates

PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. RANISATI HOSIERY PVT LTD

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Chaitali Chatterjee (Das) Date : 9Th June, 2025.

1) dated 17.08.2016 and fix the case for hearing. The assessee was represented by their authorized representative in the hearing fixed on 19th August, 2016 and they produced a copy of the income tax return, audited accounts, details of directors, share trading, registered office, details of increase of share capital, Form-2 and Form-5, shareholders list, bank account details