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6 results for “reassessment”+ Section 55(2)(b)clear

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Key Topics

Section 143(2)7Section 271(1)(c)4Section 153A4Section 132(4)2Section 1202Addition to Income2

PRINCIPAL COMMISSIONER OF INCOME TAX-11 , KOLKATA vs. M/S. NOPANY & SONS

In the result, this appeal is dismissed and the

ITAT/58/2017HC Calcutta04 Feb 2022

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

For Appellant: Mr. Tilak Mitra, AdvFor Respondent: Mr. Ananda Sen, Adv
Section 120Section 143(2)Section 143(3)Section 2Section 260A

55 days in filing this appeal. Since we are inclined to take up the main appeal itself for hearing, we exercise discretion and condone 2 the delay in filing the appeal. Accordingly, the delay in filing this appeal is condoned. The application, IA NO.GA/1/2017 [OLD No:GA/608/2017] stands disposed of accordingly. RE: ITAT/58/2017 This appeal by the revenue filed

PRINCIPAL COMMISSIONER OF INCOME TAX-17, KOLKATA vs. M/S. RADHASHYAM TIRTHABASI PAUL

ITA/106/2018HC Calcutta17 Jan 2022

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

55. Jindal Stainless Ltd (supra) has answered the reference in paragraph 1159 as follows: – “1159. By majority the Court answers the reference in the following terms: 1159.1. Taxes simpliciter are not within the contemplation of Part XIII of the Constitution of India. The word “free” used in Article 301 does not mean “free from taxation”. 35 1159.2. Only such taxes

PRINCIPAL COMMISSIONER OF INCOME TAX -2, KOLKATA vs. M/S. AGR AUTOMOBILES PVT LTD

ITAT/128/2018HC Calcutta13 Dec 2021

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

55. Jindal Stainless Ltd (supra) has answered the reference in paragraph 1159 as follows: – “1159. By majority the Court answers the reference in the following terms: 1159.1. Taxes simpliciter are not within the contemplation of Part XIII of the Constitution of India. The word “free” used in Article 301 does not mean “free from taxation”. 35 1159.2. Only such taxes

PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATA vs. LAST PEAK DATA PRIVATE LIMITED

ITAT/106/2018HC Calcutta26 Mar 2021

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

55. Jindal Stainless Ltd (supra) has answered the reference in paragraph 1159 as follows: – “1159. By majority the Court answers the reference in the following terms: 1159.1. Taxes simpliciter are not within the contemplation of Part XIII of the Constitution of India. The word “free” used in Article 301 does not mean “free from taxation”. 35 1159.2. Only such taxes

PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATA vs. PARAMOUNT PROPERTIES & ESTATE DEVELOPMENT LIMITED

ITAT/108/2018HC Calcutta05 Feb 2021

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

55. Jindal Stainless Ltd (supra) has answered the reference in paragraph 1159 as follows: – “1159. By majority the Court answers the reference in the following terms: 1159.1. Taxes simpliciter are not within the contemplation of Part XIII of the Constitution of India. The word “free” used in Article 301 does not mean “free from taxation”. 35 1159.2. Only such taxes

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

55,63,560/-. Likewise, for the assessment year 2007-08, the assessee filed original return of income under Section 139 of the Act, 1961 on 31.10.2007 disclosing total income of Rs.127,24,13,150/-. After the search and seizure operations on 23.11.2006 and pursuant to the notice dated 26.02.2009 under Section 153A of the Act, 1961, the respondent/assessee filed return