NEETU AGARWAL,KOLKATA vs. INCOME TAX OFFICER - WARD 7(1), KOLKATA

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

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2020-21

TDS of Rs. 3,60,000/-, TCS of Rs. 34,800/- and Foreign Taxes of Rs. 3,27,574/-. The ROI was processed by the Centralized Processing Centre ('CPC') electronically and an intimation u/s 143(1) of the Act dated 24 December 2021 was issued, 3 Neetu Agarwal AY: 2020-21 however in the same, the credit of foreign

ACIT, CIRCLE-10(2), KOLKATA, KOLKATA vs. M/S SARASWATY PRESS LTD., KOLKATA

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

TDS as the impugned expenditure pertaining to supply of materials. We quote section 194C Explanation (iv)(e) of the Act in this backdrop to conclude that there is no specific finding in lower authorities’ orders under challenge that the assessee had, in fact, supplied the necessary material to its payees for manufacture or supply purposes. We therefore conclude that

M/S SARASWATY PRESS LIMITED,KOLKATA vs. THE DCIT, CIRCLE-10, KOLKATA, KOLKATA

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

TDS as the impugned expenditure pertaining to supply of materials. We quote section 194C Explanation (iv)(e) of the Act in this backdrop to conclude that there is no specific finding in lower authorities’ orders under challenge that the assessee had, in fact, supplied the necessary material to its payees for manufacture or supply purposes. We therefore conclude that

DCIT, CIRCLE - 10, KOLKATA, KOLKATA vs. M/S. ICI INDIA LTD., KOLKATA

In the result, Revenue’s appeal is partly allowed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

TDS and Advance Tax for the purpose of calculation of interest u/s 234B and 234C of the Act. ITA No.2613/Kol/05,488/Kol/06, 1019 & 852/Kol/07 AYs 02-03 & 03-04 ACIT Cir-10 Kol. v. AKZO Novel India Ltd. Page 27 48. At the outset, it was observed that similar issue in assessee’s own case in ITA No.2612/Kol/2005 dated

M/S. ICI INDIA LIMITED,KOLKATA vs. DCIT, CIRCLE - 10, KOLKATA, KOLKATA

In the result, Revenue’s appeal is partly allowed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

TDS and Advance Tax for the purpose of calculation of interest u/s 234B and 234C of the Act. ITA No.2613/Kol/05,488/Kol/06, 1019 & 852/Kol/07 AYs 02-03 & 03-04 ACIT Cir-10 Kol. v. AKZO Novel India Ltd. Page 27 48. At the outset, it was observed that similar issue in assessee’s own case in ITA No.2612/Kol/2005 dated

M/S. ICI INDIA LIMITED,KOLKATA vs. DCIT, CIRCLE - 10, KOLKATA, KOLKATA

In the result, Revenue’s appeal is partly allowed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

TDS and Advance Tax for the purpose of calculation of interest u/s 234B and 234C of the Act. ITA No.2613/Kol/05,488/Kol/06, 1019 & 852/Kol/07 AYs 02-03 & 03-04 ACIT Cir-10 Kol. v. AKZO Novel India Ltd. Page 27 48. At the outset, it was observed that similar issue in assessee’s own case in ITA No.2612/Kol/2005 dated

ACIT, CIRCLE - 10, KOLKATA, KOLKATA vs. M/S. ICI INDIA LTD., KOLKATA

In the result, Revenue’s appeal is partly allowed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

TDS and Advance Tax for the purpose of calculation of interest u/s 234B and 234C of the Act. ITA No.2613/Kol/05,488/Kol/06, 1019 & 852/Kol/07 AYs 02-03 & 03-04 ACIT Cir-10 Kol. v. AKZO Novel India Ltd. Page 27 48. At the outset, it was observed that similar issue in assessee’s own case in ITA No.2612/Kol/2005 dated