GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. ACIT, CENTRAL CIRCLE-1, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, GUWAHATI

In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

disallowances which the assessing officer may take while framing the assessment order u/s 153A/153C and other anomalies found in the records seized by you. The difference amount of Rs. 15,92,03,491/-calculated by you might be due to the GST amount included in the total sales." 26. That Sir thereafter while filing returns u/s 153C we have disclosed

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

section 143(3) on 18.12.2017 determining the taxable income of the assessee at Rs.21,92,45,159/-. In this re-assessment order, the ld. Assessing Officer has disallowed

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

section 143(3) on 18.12.2017 determining the taxable income of the assessee at Rs.21,92,45,159/-. In this re-assessment order, the ld. Assessing Officer has disallowed

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

disallowance u/s 14A of the Act cannot exceed the exempt income earned by the assessee and the same holds good prior to amendment made in Section 14A of the Act by Finance Act 2022. Thus, no infirmity is called for in the finding of ld. CIT(A). Accordingly, Revenue’s ground no.4 is dismissed. 48. Ground no. 5 raised

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

disallowance u/s 14A of the Act cannot exceed the exempt income earned by the assessee and the same holds good prior to amendment made in Section 14A of the Act by Finance Act 2022. Thus, no infirmity is called for in the finding of ld. CIT(A). Accordingly, Revenue’s ground no.4 is dismissed. 48. Ground no. 5 raised

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

disallowance u/s 14A of the Act cannot exceed the exempt income earned by the assessee and the same holds good prior to amendment made in Section 14A of the Act by Finance Act 2022. Thus, no infirmity is called for in the finding of ld. CIT(A). Accordingly, Revenue’s ground no.4 is dismissed. 48. Ground no. 5 raised

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

disallowance u/s 14A of the Act cannot exceed the exempt income earned by the assessee and the same holds good prior to amendment made in Section 14A of the Act by Finance Act 2022. Thus, no infirmity is called for in the finding of ld. CIT(A). Accordingly, Revenue’s ground no.4 is dismissed. 48. Ground no. 5 raised

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

disallowance u/s 14A of the Act cannot exceed the exempt income earned by the assessee and the same holds good prior to amendment made in Section 14A of the Act by Finance Act 2022. Thus, no infirmity is called for in the finding of ld. CIT(A). Accordingly, Revenue’s ground no.4 is dismissed. 48. Ground no. 5 raised

ALUMINIUM INDUSTRIES (ASSAM) PRIVATE LIMITED,TINSUKIA vs. ITO, WARD - 1, TINSUKIA

Bench: the Ld. Assessing Officer. Thereafter, the Ld. CIT(A) is seen to have proceeded to confirm the action of the Ld. AO.

92,88,618/-. 2 I.T.A. No. 186 & 187/GTY/2024 Aluminium Industries (Assam) Private Limited 6) That addition as made by the Ld. AO under section 69A of the Act is inconsistent with the provisions of the Act as the transactions are already recorded in the books of account and therefore bad in law. 7) That the aforesaid additions are arbitrary based

ALUMINIUM INDUSTRIES (ASSAM) PRIVATE LIMITED,TINSUKIA vs. ITO, WARD-1, TINSUKIA

Bench: the Ld. Assessing Officer. Thereafter, the Ld. CIT(A) is seen to have proceeded to confirm the action of the Ld. AO.

92,88,618/-. 2 I.T.A. No. 186 & 187/GTY/2024 Aluminium Industries (Assam) Private Limited 6) That addition as made by the Ld. AO under section 69A of the Act is inconsistent with the provisions of the Act as the transactions are already recorded in the books of account and therefore bad in law. 7) That the aforesaid additions are arbitrary based

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. USHA BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

disallowance of bogus Long Term Capital Gain is available with department, when the entry operator and the directors of shell companies themselves have accepted under Oath that they are involved in providing accommodation entries during various departmental investigations which is incriminating in itself. 2. Whether on the facts and the circumstances of the case, the Ld. CIT(A) has erred

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

disallowance of bogus Long Term Capital Gain is available with department, when the entry operator and the directors of shell companies themselves have accepted under Oath that they are involved in providing accommodation entries during various departmental investigations which is incriminating in itself. 2. Whether on the facts and the circumstances of the case, the Ld. CIT(A) has erred