M/S AB (WINES) STORES,KOLKATA vs. PCIT, KOLKATA-14, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Hon’Ble Sri A.T.Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No.901/Kol/2016 Assessment Year : 2011-12 M/S. Ab (Wines) Stores -Vs.- Pr. C.I.T., Kolkata-14 Kolkata Kolkata [Pan : Aajfa 6312 L] (Respondent) (Appellant) For The Appellant : Shri S.K.Tulsiyan, Advocate For The Respondent : Shri R.S.Biswas, Cit Date Of Hearing : 15.06.2017. Date Of Pronouncement : 07.07.2017 Order

bogus especially when no material to this effect had been brought on record by the ld CIT. With respect to purchases from Shree Riddhi Siddhi and N.C.Shaw & Co, it was submitted that the ld CIT had not recorded a finding to the effect that the said parties does not exist or that there was a mismatch of purchases recorded

I.T.O WD - 6(2),KOLKATA., KOLKATA vs. M/S AXIX OVERSEAS LTD, KOLKATA

In the result, Revenue’s appeal is partly allowed

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

rectification application u/s. 154 of the Act wherein Ld. CIT(A) has accepted the fact that assessee has never agreed for the disallowance of interest for ₹1,35,88,895/-. The relevant extract of the order of Ld. CIT(A) passed order u/s 154 of the Act is reproduced as below:- “4. The rate of 13.5% has been used

AXIX OVERSEAS LTD,KOLKATA vs. ITO, WARD - 7(1), KOLKATA, KOLKATA

In the result, Revenue’s appeal is partly allowed

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

rectification application u/s. 154 of the Act wherein Ld. CIT(A) has accepted the fact that assessee has never agreed for the disallowance of interest for ₹1,35,88,895/-. The relevant extract of the order of Ld. CIT(A) passed order u/s 154 of the Act is reproduced as below:- “4. The rate of 13.5% has been used

DCIT, CIRCLE-8(1), KOLKATA, KOLKATA vs. ITC LIMITED, KOLKATA

In the result appeals of the assessee are partly allowed for statistical purposes and the appeals of the revenue are dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

rectification on 08.05.2013. The case of the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee during the course of assessment proceedings. The AO observed from the details filed by the assessee that it had incurred expenses of Rs. 27.38 lacs on account of registration of patents. According to AO, registration of patents

ITC LIMITED,KOLKATA vs. ACIT, RANGE-8, KOLKATA, KOLKATA

In the result appeals of the assessee are partly allowed for statistical purposes and the appeals of the revenue are dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

rectification on 08.05.2013. The case of the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee during the course of assessment proceedings. The AO observed from the details filed by the assessee that it had incurred expenses of Rs. 27.38 lacs on account of registration of patents. According to AO, registration of patents

DCIT, CIRCLE-8(1), KOLKATA, KOLKATA vs. ITC LIMITED, KOLKATA

In the result appeals of the assessee are partly allowed for statistical purposes and the appeals of the revenue are dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

rectification on 08.05.2013. The case of the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee during the course of assessment proceedings. The AO observed from the details filed by the assessee that it had incurred expenses of Rs. 27.38 lacs on account of registration of patents. According to AO, registration of patents

ITC LIMITED,KOLKATA vs. ACIT, RANGE-8, KOLKATA, KOLKATA

In the result appeals of the assessee are partly allowed for statistical purposes and the appeals of the revenue are dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

rectification on 08.05.2013. The case of the assessee was selected for scrutiny and statutory notices were duly issued and served upon the assessee during the course of assessment proceedings. The AO observed from the details filed by the assessee that it had incurred expenses of Rs. 27.38 lacs on account of registration of patents. According to AO, registration of patents

J.C.I.T RANGE - 56,KOLKATA, KOLKATA vs. M/S ARTI BRIGHT COMPANY., KOLKATA

In the result, assessee’s appeal is allowed for statistical purpose

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

bogus credit created by the assessee. " There are no such transactions and/or entries shown to evidence that even any liability of M/s. Best & company was transferred to M/s. Tiger & Associates as on 01.04.2007. 5. In the respect it is submitted that the CIT(A) deleted such addition solely and exclusively relying on the reply of M/s. Best & Co. by acknowledging

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA , KOLKATA vs. M/S. PAHARPUR COOLING TOWERS LTD., , KOLKATA

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

rectification jurisdiction to correct the corresponding sum(s) involved herein (supra). He clarified that case law of hon'ble Patna high court in Narendra Prasad vs. Commissioner of Income Tax (2010) 322 ITR 171 (Pat) holds that the issue decided by the Settlement Commission is a settled state of affair which could not be disturbed unless there is change

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA , KOLKATA vs. M/S. PAHARPUR COOLING TOWERS LTD., , KOLKATA

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

rectification jurisdiction to correct the corresponding sum(s) involved herein (supra). He clarified that case law of hon'ble Patna high court in Narendra Prasad vs. Commissioner of Income Tax (2010) 322 ITR 171 (Pat) holds that the issue decided by the Settlement Commission is a settled state of affair which could not be disturbed unless there is change

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA , KOLKATA vs. M/S. PAHARPUR COOLING TOWERS LTD., , KOLKATA

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

rectification jurisdiction to correct the corresponding sum(s) involved herein (supra). He clarified that case law of hon'ble Patna high court in Narendra Prasad vs. Commissioner of Income Tax (2010) 322 ITR 171 (Pat) holds that the issue decided by the Settlement Commission is a settled state of affair which could not be disturbed unless there is change

ARABINDA ROY,HOOGHLY vs. C.I.T KOLKATA - XX, HOOGHLY

In the result, assessee’s appeal stands allowed

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Years:2008-09

154 at the initiative of the audit party was dropped as the assessing authority was ITA No.1367/Kol/2013 A.Y 2008-09 Arabinda Roy vs. CIT-XX, Kol Page 11 satisfied that there was no mistake apparent from the record in allowing the claim of said deduction—Initiation of suo motu revisional proceedings in the same matter amounted to entrenching upon

V.K.PURI.,KOLKATA vs. ACIT CIR - 26,KOLKATA., KOLKATA

In the result, both the appeals of assessee are allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmed

154 Dt. 25.03.97 23. D-621 IL & FS Ltd. 11,000 11,000 11,000 11,000 Mumbai, FD 00144548, 459, 460, 461 Ddt. 31.03.97 24. D-620 Bharat Petroleum 11,000 11,000 11,000 11,000 Corpn. Ltd. Mumbai TD No. 636793, 795, 796 & 797 Dt. 12.04.96 25. D-555 Krishna Bhagya

V.K.PURI.,KOLKATA vs. ACIT CIR - 26,KOLKATA., KOLKATA

In the result, both the appeals of assessee are allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmed

154 Dt. 25.03.97 23. D-621 IL & FS Ltd. 11,000 11,000 11,000 11,000 Mumbai, FD 00144548, 459, 460, 461 Ddt. 31.03.97 24. D-620 Bharat Petroleum 11,000 11,000 11,000 11,000 Corpn. Ltd. Mumbai TD No. 636793, 795, 796 & 797 Dt. 12.04.96 25. D-555 Krishna Bhagya