DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(1), KOLKATA, KOLKATA vs. TIRUPATI NIRYAT PVT. LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri Pradip Kumar Choubey, Jm & Shri Rakesh Mishra, Am Dcit, Central Circle-1(1), O/O The Dcit, Central Circle 1(1) Tirupati Niryat Pvt. Ltd. Kolkata, Aaykar Bhavan Poorva, 145, Rash Behari Avenue, Vs. 110, Shantipally, Em By Pass Kolkata-700029, West Bengal Pin-700107, West Bengal (Appellant) (Respondent) Pan No. Aabct4058P Assessee By : Shri Siddarth Agarwal, Ar Revenue By : Shri S.B. Chakraborty, Dr Date Of Hearing: 11.06.2025 Date Of Pronouncement: 23.06.2025

section 50C, as held in various judicial decisions, as mentioned in the preceding paras. In view of the above discussion, addition of Rs. 1,91,83,329/- under the head 'Long Term Capital gains' is deleted. 4. Grounds of Appeal No.3 4.1 Assessee had made investments in shares. However, assessee had not disallowed any expenses

ITO,WARD-9(1), KOLKATA, KOLKATA vs. M/S MID LAND PROJECTS LTD., KOLKATA

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

Bench: : Shri N.V. Vasudevan & Shri M. Balaganesh

section 50C for the purpose of computing capital gains on sale of the same. In view of the aforesaid facts and findings, we hold that the Learned CIT(A) is right in restricting the capital gains at Rs. 3,56,354/- as against Rs. 45,62,018/- made by the Learned AO. Accordingly, the ground no. 1 raised

BOC INDIA LIMITED,KOLKATA vs. ADDL. CIT, RANGE - 12, KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed and appeal of the revenue is dismissed as stated above

Bench: : Shri M. Balaganesh

TDS provisions for payments made on account of offshore supply of equipments. 8. We have heard the rival submissions and perused the material available on record. We find that the ld.AO was not justified in invoking the provisions of section 40(a)(ia) of the Act to make disallowance of Rs.72,89,71,972/-, because it is not in dispute

ACID, CIRCLE-5(1), KOLKATA, KOLKATA vs. EMAMI REALTY LIMITED, KOLKATA

In the result, both the appeal of the Revenue and cross objections of the assessee are\ndismissed

50C of\nthe Act by denying the benefit of Section 2(19AA) r.w. Section 47(vi) of the Act. Since we have\nupheld the Ld. CIT(A)'s findings holding the scheme of demerger to be compliant with Section\n2(19AA) r.w. Section 47(vi) of the Act, we agree with the Ld. CIT(A) deleting this direction\nissued

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

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/-

Section 144/147 of the Act. I.T.A. No. 115/Kol/2024 Sri Nirmalendu Nag 2. The assessee has raised the following grounds of appeal: “1. For that on the facts and in the circumstances of the case and in law the Ld CIT(A) NFAC grossly erred in law in confirming the order of Ld AO 2 For that