ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI vs. ABCI INFRASTRUCTURES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee for Assessment Year

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section Amount on Designatio Disallow which ment under of which n of the ance of the Order which the Excess the CIT (A) Excess Assess wherei Rema AY Assessme Depreci Order who had Depreci ment n the rks nt Order ation was passed the ation order Excess was disallo passed Appeal was was Depreci passed wed by CIT Order deleted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI vs. ABCI INFRASTRUCTURES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee for Assessment Year

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section Amount on Designatio Disallow which ment under of which n of the ance of the Order which the Excess the CIT (A) Excess Assess wherei Rema AY Assessme Depreci Order who had Depreci ment n the rks nt Order ation was passed the ation order Excess was disallo passed Appeal was was Depreci passed wed by CIT Order deleted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI vs. ABCI INFRASTRUCTURES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee for Assessment Year

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section Amount on Designatio Disallow which ment under of which n of the ance of the Order which the Excess the CIT (A) Excess Assess wherei Rema AY Assessme Depreci Order who had Depreci ment n the rks nt Order ation was passed the ation order Excess was disallo passed Appeal was was Depreci passed wed by CIT Order deleted

ABCI INFRASTRUCTURES PRIVATE LIMITED,KOLKATA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI

In the result, the appeal of the assessee for Assessment Year

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section Amount on Designatio Disallow which ment under of which n of the ance of the Order which the Excess the CIT (A) Excess Assess wherei Rema AY Assessme Depreci Order who had Depreci ment n the rks nt Order ation was passed the ation order Excess was disallo passed Appeal was was Depreci passed wed by CIT Order deleted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI vs. ABCI INFRASTRUCTURES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee for Assessment Year

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section Amount on Designatio Disallow which ment under of which n of the ance of the Order which the Excess the CIT (A) Excess Assess wherei Rema AY Assessme Depreci Order who had Depreci ment n the rks nt Order ation was passed the ation order Excess was disallo passed Appeal was was Depreci passed wed by CIT Order deleted

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. M/S. WINNER DEALTRADE (P) LTD.,, KOLKATA

In the result, both the appeals of the Revenue are dismissed

Bench: Dr. Manish Borad & Shri Sonjoy Sarma

50,000/- 5 M/s. Linkstar Promoters Pvt. Limited & M/s. Winner Dealtrade Pvt. limited under section 68 read with respect to section 115BBE of the Act towards unexplained share capital and share premium received in the year. Aggrieved, the assessee preferred appeal before the ld. CIT(Appeals). 8. The assessee apart from raising the grounds on merit challenging the additions made

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. M/S. LINKSTAR PROMOTERS (P) LTD, KOLKATA

In the result, both the appeals of the Revenue are dismissed

Bench: Dr. Manish Borad & Shri Sonjoy Sarma

50,000/- 5 M/s. Linkstar Promoters Pvt. Limited & M/s. Winner Dealtrade Pvt. limited under section 68 read with respect to section 115BBE of the Act towards unexplained share capital and share premium received in the year. Aggrieved, the assessee preferred appeal before the ld. CIT(Appeals). 8. The assessee apart from raising the grounds on merit challenging the additions made

ABCI INFRASTRUCTURES PRIVATE LIMITED,KOLKATA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI

In the result, the appeal of the assessee is allowed, whereas the appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

50 lakh rupees. It can be in one year or in the remaining three years. In other words, it can be available in one relevant year in aggregate in the relevant assessment years. 17. Thus after the search under section 132 of the Income Tax Act on any assessee. Section 153A comes into play leading to:- (a) Academic issuance

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI vs. ABCI INFRASTRUCTURES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee is allowed, whereas the appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

50 lakh rupees. It can be in one year or in the remaining three years. In other words, it can be available in one relevant year in aggregate in the relevant assessment years. 17. Thus after the search under section 132 of the Income Tax Act on any assessee. Section 153A comes into play leading to:- (a) Academic issuance

INCOME TAX OFFICER, WARD 3(3), GUWAHATI vs. PRAG RAJ SINGLA, GUWAHATI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.160/Gau/2018 ("नधा"रणवष" / Assessment Year:2013-14)

depreciation,electricity charges etc. The assessee is a director in M/s Shiva Bottles Pvt. Ltd andearns salary income. The assessee also earns interest income.The assessing officer,on perusal of balance sheet and other details, noticed that the assessee has taken fresh unsecured loan of Rs. 80,00,000/- from Ms. Jenita Wallang during the relevant previous year. The assessee

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LTD.,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA , AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LTD.,AGARTALA vs. INCOME TAX OFFICER, WARD - UDAIPUR , AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LTD.,TRIPURA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LTD.,AGARTALA vs. INCOME TAX OFFICER, WARD - UDAIPUR , AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

Section 115JB MAT adjustment relating to leave encashment deserves to be restored back to the Assessing Officer in view of our findings on the main issue. This appeal ITA No. 243/GAU/2017 also follows suit therefore. Assessment Year 2010-11 ITA No. 63/GAU/2018 20. The assessee’s three substantive grounds raised in the instant appeal challenging correctness of both the lower