RAGUVALIKA TRADING PVT LTD ( SINCE MERGED WITH M.M.MURARKA SHARE & SECURITIES PVT LTD),KOLKATA vs. D.C.I.T CIR - 4,KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A Nos. 848 To 850/Kol/2013 Assessment Years : 2005-06 To 2007-08 Ruguvalika Trading Pvt. Ltd. -Vs- Dcit, Circle-4, Kolkata (Since Merged With M.M. Murarka Share & Securities Pvt. Ltd. [Pan: Aabcr 5743 B] (Appellant) (Respondent)

long term capital gains does not warrant any disturbance and deserves to be accepted. Accordingly, the Grounds 1 to 3 raised by the assessee for the Asst Years 2005-06 , 2006-07 , 2007-08 and 2008-09 are allowed. 7. The Ground No. 4 raised by the assessee for the Asst Year 2005-06 was stated to be not pressed

RAGUVALIKA TRADING PVT LTD ( SINCE MERGED WITH M.M.MURARKA SHARE & SECURITIES PVT LTD),KOLKATA vs. D.C.I.T CIR - 4,KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A Nos. 848 To 850/Kol/2013 Assessment Years : 2005-06 To 2007-08 Ruguvalika Trading Pvt. Ltd. -Vs- Dcit, Circle-4, Kolkata (Since Merged With M.M. Murarka Share & Securities Pvt. Ltd. [Pan: Aabcr 5743 B] (Appellant) (Respondent)

long term capital gains does not warrant any disturbance and deserves to be accepted. Accordingly, the Grounds 1 to 3 raised by the assessee for the Asst Years 2005-06 , 2006-07 , 2007-08 and 2008-09 are allowed. 7. The Ground No. 4 raised by the assessee for the Asst Year 2005-06 was stated to be not pressed

RAGUVALIKA TRADING PVT LTD ( SINCE MERGED WITH M.M.MURARKA SHARE & SECURITIES PVT LTD),KOLKATA vs. D.C.I.T CIR - 4,KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A Nos. 848 To 850/Kol/2013 Assessment Years : 2005-06 To 2007-08 Ruguvalika Trading Pvt. Ltd. -Vs- Dcit, Circle-4, Kolkata (Since Merged With M.M. Murarka Share & Securities Pvt. Ltd. [Pan: Aabcr 5743 B] (Appellant) (Respondent)

long term capital gains does not warrant any disturbance and deserves to be accepted. Accordingly, the Grounds 1 to 3 raised by the assessee for the Asst Years 2005-06 , 2006-07 , 2007-08 and 2008-09 are allowed. 7. The Ground No. 4 raised by the assessee for the Asst Year 2005-06 was stated to be not pressed

RAGUVALIKA TRADING PVT LTD ( SINCE MERGED WITH M.M.MURARKA SHARE & SECURITIES PVT LTD),KOLKATA vs. D.C.I.T CIR - 4,KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A Nos. 848 To 850/Kol/2013 Assessment Years : 2005-06 To 2007-08 Ruguvalika Trading Pvt. Ltd. -Vs- Dcit, Circle-4, Kolkata (Since Merged With M.M. Murarka Share & Securities Pvt. Ltd. [Pan: Aabcr 5743 B] (Appellant) (Respondent)

long term capital gains does not warrant any disturbance and deserves to be accepted. Accordingly, the Grounds 1 to 3 raised by the assessee for the Asst Years 2005-06 , 2006-07 , 2007-08 and 2008-09 are allowed. 7. The Ground No. 4 raised by the assessee for the Asst Year 2005-06 was stated to be not pressed

DCIT, CIR-8(1), KOLKATA, KOLKATA vs. M/S EIH LTD., KOLKATA

In the result, the appeal of the assessee is partly allowed for statistical purposes and the appeal of the revenue is dismissed

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 153/Kol/2016 Assessment Year : 2011-12 Dcit, Circle-8(1), Kolkata -Vs- M/S Eih Limited [Pan: Aaace 6898 B] (Appellant) (Respondent) I.T.A No. 110/Kol/2016 Assessment Year : 2011-12 M/S Eih Limited -Vs- Dcit, Circle-8(1), Kolkata [Pan: Aaace 6898 B] (Appellant) (Respondent) For The Appellant : Shri Kanchun Kaushal,Ar For The Department : Shri G.Mallikarjuna, Cit Dr Date Of Hearing : 26.10.2017 Date Of Pronouncement : 12.01.2018 Order Per Bench:

long term capital loss of Rs 9,77,54,843/- against the deemed short term capital gain of Rs 7,18,74,000/- in the facts of the case. The ld AO is accordingly directed to give benefit of the same to the assessee based on the correctness of the claim of brought forward loss figure made by the assessee

EIH LTD.,KOLKATA vs. THE DCIT, CIR-8(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed for statistical purposes and the appeal of the revenue is dismissed

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 153/Kol/2016 Assessment Year : 2011-12 Dcit, Circle-8(1), Kolkata -Vs- M/S Eih Limited [Pan: Aaace 6898 B] (Appellant) (Respondent) I.T.A No. 110/Kol/2016 Assessment Year : 2011-12 M/S Eih Limited -Vs- Dcit, Circle-8(1), Kolkata [Pan: Aaace 6898 B] (Appellant) (Respondent) For The Appellant : Shri Kanchun Kaushal,Ar For The Department : Shri G.Mallikarjuna, Cit Dr Date Of Hearing : 26.10.2017 Date Of Pronouncement : 12.01.2018 Order Per Bench:

long term capital loss of Rs 9,77,54,843/- against the deemed short term capital gain of Rs 7,18,74,000/- in the facts of the case. The ld AO is accordingly directed to give benefit of the same to the assessee based on the correctness of the claim of brought forward loss figure made by the assessee

DCIT, CIRCLE - 10, KOLKATA, KOLKATA vs. M/S. VEDA COMMERCIAL PVT. LTD., KOLKATA

Appeal is partly allowed for statistical purposes

Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]

long term capital gain, depending upon the period of the holding. A finding of fact has been arrived at by the Tribunal as regards the existence of two distinct types of transactions namely, those by way of investment on one hand and those for the purposes of business on the other hand. Question (a) above, does not raise any substantial

DCIT, CIRCLE - 10, KOLKATA, KOLKATA vs. M/S. VEDA COMMERCIAL PVT. LTD., KOLKATA

Appeal is partly allowed for statistical purposes

Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]

long term capital gain, depending upon the period of the holding. A finding of fact has been arrived at by the Tribunal as regards the existence of two distinct types of transactions namely, those by way of investment on one hand and those for the purposes of business on the other hand. Question (a) above, does not raise any substantial

DCIT, CIRCLE-3(1), KOLKATA, KOLKATA vs. THE PEERLESS GEN. FIN. & INV. CO. LTD., KOLKATA

Appeal is dismissed

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godaraassessment Year: 2014-15

long term capital loss of Rs.2,79,36,337/- against the short term capital gain computed u/s 50 of the Act. 3. The Ld. CIT(A) has erred in law in deleting the addition of Rs.67,56,925/- u/s 14A disallowance as proportionate interest of Rs.67,56,925/- was computed under Rule 8D(2)(ii) read with Rule

A.C.I.T CIR - 30,KOLKATA, KOLKATA vs. SHREE UMESH HIRANAND CHABLANI, KOLKATA

In the result, the appeal of revenue is dismissed

Bench: Shri M. Balaganesh, Am & Shri K. Narasimha Chary, Jm]

Long Term Capital Gains as the loss and gain out of business activity. Further, the AO treated the income emanating from the agreement alleged to have been made for the Hire charges for furniture 2 Shree Umesh Hiranand Chablani, AY 2009-10 and fixtures as income from other sources. Assessee in his return claimed credit for prepaid taxes of Rs.9

SHREE GOVIND PROPERTY & INVESTMENTS PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 5(1),, KOLKATA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

Long Term Capital Gains of Rs. 28,80,542/ in its return of income under the head Profits and Gains of Business and Profession instead of the correct business ITA No.: 2166/KOL/2025 Assessment Year: 2018-19 Shree Govind Property & Investments Pvt. Ltd. income of Rs. 58,525/- and had duly filed a revised computation of income during the assessment proceedings

RAVI CHOUDHARY(LEGAL REP OF LT. SUSHILA CHOUDHARI),KOLKATA vs. I.T.O.,WARD-36(2), KOLKATA

In the result, the appeal of assessee is allowed

Bench: Shri A. T. Varkey, Jm ]

TDS), Ward 36(2), (L/H of Late Sushila Choudhari) Kolkata PAN: ADLPC9393E Appellant Respondent Date of Hearing 06-02-2020 Date of Pronouncement 18.03.2020 For the Appellant Shri Sushil Kumar Pransukha, FCA, ld.AR For the Respondent Shri Jayanta Khanna, JCIT, ld.Sr.DR ORDER This is an appeal preferred by the assessee against the order of Ld. CIT (Appeals) , 10, Kolkata dated

I.T.O WD - 9(2),KOLKATA, KOLKATA vs. M/S VISHAL EQUITY SERVICES PVT. LTD., KOLKATA

In the result, the appeal of the of the revenue is dismissed

Bench: : Shri P.M. Jagtap & Shri S.S Viswanethra Ravi

long-term capital gains considered at Rs.1,94,81,203/-in the intimation and take into consideration the same at Rs.1,19,08,187/- as shown in the computation of income after due verification of the relevant original office records in this regard. Thus, this ground of appeal of the appellant is allowed as stated about. 2 M/s. Vishal Equity

SRI KANCHAN KAMAL MUKHOPADHYAY,KOLKATA vs. ITO, WD-20(2), KOLKATA, KOLKATA

In the result both the appeals of the assessee are allowed

Bench: Hon’Ble Sri N.V.Vasudevan, Jm & Dr.Arjun Lal Saini, Am] I.T.A Nos. 587 & 588/Kol/2014 Assessment Year : 2008-09 Shri Kanchan Kamal Mukhopadhyay -Vs.- I.T.O., Ward-20(2) Kolkata Kolkata. [Pan : Aanpm 2997 B] (Respondent) (Appellant) For The Appellant : Shri Rip Das, Fca For The Respondent : None Date Of Hearing : 10.07.2017. Date Of Pronouncement : 14.07.2017. Order Per N.V.Vasudevan, Jm

TDS was claimed was issued by State Bank of India Sales Tax Building (Munshibazar)branch in respect of payment of income of Rs.39,832/- to the assessee. This sum of Rs.39,832/- had not been offered to tax by the assessee in the return of income filed earlier and therefore the second reassessment proceedings u/s 147 r.w.s

SRI NIRMALENDU NAG,PURBA MIDNAPORE vs. ITO WD. 27(2), HALDIA, HALDIA

In the result, appeal of the assessee is allowed

Bench: the Ld Valuation Officer U/S 50C(2) of the IT Act, 961. 4 For that the Ld. CIT(A)NFAC failed to consider the order of Ld, CIT(A)NFAC in the matter of appellant's wife, Smt. Purnima Nag, who was the joint owner (50% share) of the said immoveable property sold to same purchaser jointly at a sale consideration of Rs.14,90,000/-

Long term capital gains (A-B) 48,470/- 6. This order is passed u/s 144/250 of the Act after giving effect to the order of the CIT(Appeals), NFAC, Delhi, passed on 03.07.2023 u/s 250 of the Act in the assessee’s Appeal No. CIT(A), Kolkata – 7/10115/2018-19 for the A.Y. 2013-14. Tax payable is computed

SIDDHARTH PAHWA,KOLKATA vs. I.T.O., WARD-33(1), KOLKATA, KOLKATA

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Ble

TDS [Rs.1,37,500 + Rs.1,12,500/-]. During the course of hearing of scrutiny assessment u/s 143(3) the information was passed on to the Ld. AO by a letter dated 11.11.2017 and a request was made to re-compute the Long Term Capital Gain

I.T.O WD - 2(3),KOLKATA., KOLKATA vs. M/S LGW LTD., NORTH 24 PARGANAS

In the result the appeal of the revenue is dismissed and cross objection of the assessee is partly allowed

Bench: Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am] Assessment Year : 2009-10

TDS has also been made by the assessee. The annexures to the letter of Shri Laxmikant Josh (HUF) dated 15.12.2011 which is at pages 91 to 93 of the assessee’s paper book clearly demonstrates the claim of the assessee. We, therefore dismiss ground no.(ii) of the revenue. 7 ITA No.267/Kol/2013 & C.O.No.29/Kol/2013 M/s. LGW Ltd. A.Yr

D.C.I.T CIR - 5,KOLKATA, KOLKATA vs. M/S SHUBH SHANTI SERVICES LTD, KOLKATA

Bench: Shri S.S.Godara & Shri, M. Balaganeshassessment Year :2009-10 Shubh Shanti Services V/S. Jcit,(Osd), Circle-5, Ltd. 31, Netaji Subash Aayakar Bhavan, P-7, Road, 2Nd Floor, Kolkata- Chowringhee Square, 700 001 Kolkata-69 [Pan No.Aagcs 9381 R] .. अपीलाथ" /Appellant ""यथ"/Respondent Assessment Year :2009-10 Dcit, Circle-5, V/S. M/S Shubh Shanti P-7, Chowringhee Services Ltd., 31, Netaji Square, Kolkata-69 Subhas Road, Kolkata-01 .. अपीलाथ" /Appellant ""यथ"/Respondent

TDS of Rs.1,11,946/- and interest of Rs.92,25,894/- for taxation. 35. The appellant has submitted that it has given advances amounting to Rs.34,92,79,000/- as on 01.04.2008 and Rs.66,37,57,559/- as on 31.03.2009 as given below:- Name of Company/Account Amount (in INR) Axiom Agrobased Cement Trading Co. Pvt Ltd 22,914 Jubileant Fertilizers

SHUBH SHANTI SERVICES LIMITED,KOLKATA vs. J.C.I.T (OSD),CIR - 5,KOLKATA, KOLKATA

Bench: Shri S.S.Godara & Shri, M. Balaganeshassessment Year :2009-10 Shubh Shanti Services V/S. Jcit,(Osd), Circle-5, Ltd. 31, Netaji Subash Aayakar Bhavan, P-7, Road, 2Nd Floor, Kolkata- Chowringhee Square, 700 001 Kolkata-69 [Pan No.Aagcs 9381 R] .. अपीलाथ" /Appellant ""यथ"/Respondent Assessment Year :2009-10 Dcit, Circle-5, V/S. M/S Shubh Shanti P-7, Chowringhee Services Ltd., 31, Netaji Square, Kolkata-69 Subhas Road, Kolkata-01 .. अपीलाथ" /Appellant ""यथ"/Respondent

TDS of Rs.1,11,946/- and interest of Rs.92,25,894/- for taxation. 35. The appellant has submitted that it has given advances amounting to Rs.34,92,79,000/- as on 01.04.2008 and Rs.66,37,57,559/- as on 31.03.2009 as given below:- Name of Company/Account Amount (in INR) Axiom Agrobased Cement Trading Co. Pvt Ltd 22,914 Jubileant Fertilizers