BALGOPAL MERCHANTS PVT LTD. vs. PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA

Accordingly, the appeal fails and is dismissed

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

Section 68 of the Act. 22. Bearing the above legal principles in mind, we now proceed to examine the case

PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. M/S MUNDHRA CONSTRUCTION PRIVATE LIMITED

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- The Hon'Ble Justice Chaitali Chatterjee (Das)

section 68 of the Act to the tune of Rs.2,84,15,960/-. The learned tribunal has referred to the details of the share subscribers/companies in paragraph 11 of the impugned order which contains a tabulated format giving the names of the shareholders, number of equity shares, share capital, share premium, share application money and net worth

PRINCIPAL COMMISSIONER OF INCOME TAX-9, KOLKATA vs. GITESH TIKMANI

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX-18, KOLKATA vs. SRI VIKASH GOEL

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX ASANSOL KOLKATA vs. RAJESH JHUNJHUNWALA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. AAYUSH JHUNJHUNWALA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX-SILIGURI vs. SHEKHAR AGARWAL

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX ASANSOL KOLKATA vs. RAKESH JHUNJHUNWALA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PR CIT 9, KOLKATA vs. MANISHA TIKMANI

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA vs. KRISHNA KUMAR PARSURAMKA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX, SILIGURI vs. PRAKASHO DEVI SARIA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX ,BURDWAN vs. BIJAYA TAH

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL -1, KOLKATA vs. SURAJ SAHANA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX 9, KOLKATA vs. PUSPA DEVI TIKMANI

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX vs. MUKESH SARAOGI (HUF)

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

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

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX, SILIGURI vs. SRI SATYA NARAYAN SARIA

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68

PRINCIPAL COMMISSIONER OF INCOME TAX-12, KOLKATA vs. MUKTA AGARWAL

In the result, these appeals are allowed and the substantial

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

22 ITA NO. 120 of 2012 ITAT NO. 06 OF 2022 AND ETC. BATCH Page 32 of 150 proof and upon whom the burden lay qua Section 68