DCIT, CIRCLE - 4(2), KOLKATA, KOLKATA vs. M/S SUDARSHAN PAPER & BOARD PVT. LTD., KOLKATA

In the result, both the appeals filed by the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri Aby T. Varkey, Hon’Ble) Assessment Year: 2013-14 Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.................................................Appellant Vs. M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................…………………........Respondent 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F] C.O. No. 33/Kol/2018 Assessment Year: 2013-14 M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................………………….............Appellant 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F] Vs. Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.............................................Respondent Assessment Year: 2014-15 Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.................................................Appellant Vs. M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................…………………........Respondent 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F]

cash credit. 3. Whether on the facts and in the circ Whether on the facts and in the circumstances of the case the Ld. CIT(A) has erred in umstances of the case the Ld. CIT(A) has erred in deleting Rs. 4,36,97,031/- on account of unexplained trade payables without appreciating the on account of unexplained trade

BINOD KUMAR MAHATO ,BURDWAN vs. PRINCIPAL CIT - BURDWAN , BURDWAN

In the result, appeal of the assessee is allowed

unexplained cash credit of the assessee has been under assessed by the AO. ii) There was another bank account of the assessee in HDFC bank in ii) There was another bank account of the assessee in HDFC bank in ii) There was another bank account of the assessee in HDFC bank in Goa where total deposits

DCIT, CIRCLE-3(1), KOLKATA, KOLKATA vs. M/S. LAL BABA SEAMLESS TUBES PVT. LIMITED , KOLKATA

In the result, the appeal of the assessee is treated as allowed for statistical purposes, while the appeal of the Revenue is treated as partly allowed for statistical purposes

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri S.S. Viswanethra Ravi

unexplained cash credit u/s 68 on the ground that "identity and creditworthiness/source of income could not be established satisfactorily" when, the appellant duly furnished cogent evidences to substantiate the capacity of the loan creditors and genuineness of the transactions, the identity was duly established and the loan creditors duly confirmed the transactions with the appellant as recorded in their audited

LAL BABA SEAMLESS TUBES (P) LTD.,KOLKATA vs. DCIT, CIRCLE-3(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee is treated as allowed for statistical purposes, while the appeal of the Revenue is treated as partly allowed for statistical purposes

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri S.S. Viswanethra Ravi

unexplained cash credit u/s 68 on the ground that "identity and creditworthiness/source of income could not be established satisfactorily" when, the appellant duly furnished cogent evidences to substantiate the capacity of the loan creditors and genuineness of the transactions, the identity was duly established and the loan creditors duly confirmed the transactions with the appellant as recorded in their audited

TIRUPATI TIMBERS & PACKAGING P. LTD.,,KOLKATA vs. ITO, WARD 4(1),, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 1428/Kol/2025 Assessment Year: 2011-2012 Tirupati Timbers & Packaging P. Limited,…Appellant Room No. 563, Marshall House, 33/1, N.S. Road, Dalhousie, G.P.O., Kolkata-700001, W.B. [Pan:Aabct2720Q] -Vs.- Income Tax Officer,……………………………..Respondent Ward-4(1), Kolkata, Aayakar Bhawan, 8Th Floor, P-7, Chowringhee Square, Kolkata-700069 Appearances By: Shri Girdhar Dhelia, Advocate, Appeared On Behalf Of The Assessee Shri Kallol Mistry, Jcit, Sr. D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: September 02, 2025 Date Of Pronouncing The Order: November 20, 2025 O R D E R

unexplained cash credit u/s 68 of the Income Tax Act, 1961, even when on the facts and in the circumstances, the Ld. AO wrongly, arbitrarily and without jurisdiction issued notice u/s 148 of the Act, dated 30.03.2018, which is void-ab-initio since he had no reasons to believe as stated in section 147 of the Act and hence

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. DOLLAR HOLDING PVT. LTD., KOLKATA

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

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

TDS was duly deducted and deposited the same. Further, the part of the said loan has also been squared up during this F.Y. and entire loan was refunded subsequently. Finally, the ld. AO after rejecting the replies/contentions of the assessee treated the unsecured loan of ₹4,49,37,500/- as unexplained cash credit

DEPUTY COMMISSOENR OF INCOME TAX, KOLKATA vs. DOLLAR HOLDING PVT. LTD., KOLKATA

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

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

TDS was duly deducted and deposited the same. Further, the part of the said loan has also been squared up during this F.Y. and entire loan was refunded subsequently. Finally, the ld. AO after rejecting the replies/contentions of the assessee treated the unsecured loan of ₹4,49,37,500/- as unexplained cash credit

DCIT, CENTRAL -4(3), KOLKATA, KOLKATA vs. RAJESH AUTO MERCHANDISE PRIVATE LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

unexplained cash credit and the Id. AO added the\nsame to the income of the assessee.\n3.2. In the appellate proceedings, the Id. CIT (A) allowed the appeal of\nthe assessee by deleting the addition after taking into these\ncontentions and submissions of the assessee and the evidences filed\nduring the course of appellate proceedings by observing and holding

IRIS CLOTHINGS LTD,HOWRAH vs. DCIT, CIRCLE-11(1), KOLKATA

In the result the appeal of the assessee is allowed

Bench: Shri Sanjay Garg & Shri Rajesh Kumar

unexplained cash credit under section 68 of the Act. 4. The facts in brief are that the assessee e-filed its return of income on 13.09.2013 declaring total income of Rs.52,24,330/-. The case of the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee. During the course of scrutiny proceedings

A.C.I.T.,CIRCLE-49(1), KOLKATA vs. M/S VISWAKARMA RESIDENCY, KOLKATA

Appeal is dismissed

Bench: Shri Sanjay Garg & Dr. M.L.Meenaआयकर अपील सं.य/ Assessment Years:2016-17 बनाम / Acit, Cir-49(1), Kolkata M/S. Viswakarma Residency Uttarpan Complex, Ds-Iv, V/S. 2Nd Fl., Manicktala Civick Centre, Block-2 & 3, 2Nd Fl., Kolkata-700 054. Pan: Aaifv3279Q अपीलाथ" /Appellant ""यथ" /Respondent .. Hearing Through Video Conferencing अपीलाथ" क" ओर से/By Appellant Shri Manish Kanojia, Cit, Dr ""यथ" क" ओर से/By Respondent Shri S.M Surana, Advocate, Ar सुनवाई क" तार"ख/Date Of Hearing 04-08-2021 घोषणा क" तार"ख/Date Of Pronouncement 26-10-2021

unexplained ash credit - It was found that in respect of addition from two of parties concerned. Assessing Officer had received direct confirmations from them - Both parties had filed return of income. bank statement and balance sheet wherein, loans to assessee were reflected - Whether. assessee had discharged its burden under section 68 and cash credits were to be treated explained - Held

DCIT CENTRAL CIRCLE 1(4), KOLKATA, KOLKATA vs. EDUCO VENTURES PVT LTD, KOLKATA

Appeal is dismissed

Bench: the AO.

TDS as bogus loan u/s 68 of the Act. Hence, the addition of Rs. 2,90,00,000/- made by the AO as unexplained cash credit

EDUCO VENTURES PVT. LTD.,KOLKATA vs. D.C.I.T., CENTRAL CIRCLE - 1(4), KOLKATA

Appeal is dismissed

Bench: the AO.

TDS as bogus loan u/s 68 of the Act. Hence, the addition of Rs. 2,90,00,000/- made by the AO as unexplained cash credit

EDUCO VENTURES PVT. LTD.,KOLKATA vs. D.C.I.T., CENTRAL CIRCLE - 1(4), KOLKATA

Appeal is dismissed

Bench: the AO.

TDS as bogus loan u/s 68 of the Act. Hence, the addition of Rs. 2,90,00,000/- made by the AO as unexplained cash credit

DCIT, CENTRAL CIRCLE-1(4), KOLKATA, KOLKATA vs. EDUCO VENTURES PVT LTD., KOLKATA

Appeal is dismissed

Bench: the AO.

TDS as bogus loan u/s 68 of the Act. Hence, the addition of Rs. 2,90,00,000/- made by the AO as unexplained cash credit

DCIT, CIRCLE-2, , ASANSOL vs. M/S. DIAMOND BOTTLING PLANT COMPANY, KOLKATA

Appeal is dismissed

Bench: Shri P.M. Jagtap, V.P & Shri S. S. Godara, Jm आयकर अपीलसं./I.T.A No.894/Kol/2019 ("नधा"रण वष" / Assessment Year: 2012-13) Dcit, Circle-2, Asansol Vs. M/S Diamond Bottling Plant Company C/O. S.N. Ghosh & Associates, Seven Brothers Lodge, P.O-Buroshibtala, P.S- Chinsurah, Hooghly, - 712105. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaefd5674R (Appellant) .. (Respondent) Appellant By : Smt. Ranu Biswas, Sr. Dr Respondent By : Shri S.M. Surana, Advocate सुनवाई क" तार"ख/ Date Of Hearing : 11/12/2019 घोषणा क" तार"ख/Date Of Pronouncement : 31/12/2019 आदेश / O R D E R Per Shri S. S. Godara: This Revenue’S Appeal For Assessment Year 2012-13 Arises Against The Commissioner Of Income Tax (A), Asansol Dated 30.01.2019 Passed In Case No.58/Cit(A)/Asl/Dcit/Cir-2/Asl/15-16 Involving Proceedings U/S 143(3) Of The Income Tax Act, 1961; In Short ‘The Act’. Heard Both The Parties. Case File Perused. 2. The Revenue’S Sole Substantive Grievance Seeks To Revive Assessing Officer’S Action Treating Assessee’S Loans Of Rs.11,85,00,000/- As Unexplained Cash Credits U/S 68 Which Has Been Reversed To The Extent Of Rs.5,26,50,251/- In The Cit(A)’S Order. Its Case Accordingly Is That The Assessing Officer Had Rightly Added The Assessee’S Total Loan Amount Of Rs. 11,85,00,000/- Raised From Four Entities M/S Diamond Carbon Pvt. Ltd., M/S Mukherjee Capital Pvt. Ltd., M/S Wimper Trading & Distributors Pvt. Ltd. & M/S Mukherjee Farms Pvt. Ltd.

unexplained cash credits. 3. Ms. Biswas invited our attention to the assessment order to this effect dated 30.03.2015 holding that the assessee’s unaccounted income itself has been routed back as loans in question through the above four entities happened to be its related parties. 4. Learned authorised representative at this stage submitted that the assessee had filed its appeal

SRI CHHANDAK CHAKRABORTY,KOLKATA vs. ITO, WD-51(4), KOLKATA, KOLKATA

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Ravi

TDS was also reflected in 26AS form for the same financial year. (3) That, the Ld. revenue authorities grossly erred in taking the credit card payments of Rs.5,28,600/- as per AIR data and sustained addition of Rs.1,68,688/- without providing break-up of the same to the assessee in spite of the fact that as per credit

ITO, WD-51(4), KOLKATA, KOLKATA vs. SRI CHHANDAK CHAKRABORTY, KOLKATA

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Ravi

TDS was also reflected in 26AS form for the same financial year. (3) That, the Ld. revenue authorities grossly erred in taking the credit card payments of Rs.5,28,600/- as per AIR data and sustained addition of Rs.1,68,688/- without providing break-up of the same to the assessee in spite of the fact that as per credit

SANJEEV KUMAR KHEMKA,KOLKATA vs. CIT-15, KOLKATA, KOLKATA

In the result, assessee’s appeal stands allowed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmedassessment Year :2011-12

unexplained cash credit of the assessee has been under assessed by the AO. (ii) There was another bank account of the assessee in HDFC bank in Goa where total deposits of Rs. ₹19,31,750/- was made by the assessee but the AO found credited amount of Rs. ₹5,76,056/- only. Thus, total deposits made in the bank were

M/S ROSEMARY VINCOM LLP ,KOLKATA vs. ITO, WARD 47(5), KOLKATA

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

Bench: Sri J. Sudhakar Reddy & Sri Aby T. Varkey)

unexplained cash credit of the assessee has been under assessed by the AO. ii) There was another bank account of the assessee in HDFC bank in Goa where total deposits of Rs. ₹19,31,750/- was made by the assessee but the Mrs. Sonali Hemant Bhavsar AO found credited amount of Rs. ₹5,76,056/- only. Thus, total deposits made