DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALAJEE MINI STEELS & REROLLING PRIVATE LIMITED , PATNA

In the result, the appeals of the Revenue are dismissed

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

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The ld. AO discussed in detail the facts qua these parties and entry operators involved in providing accommodation entries. The ld. AO also noted that the entire purchases and sales were done through same commission agents and these were accommodation entries and these were only done in order

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the revenue is dismissed

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

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The ld. AO discussed in detail the facts qua these parties and entry operators involved in providing accommodation entries. The ld. AO also noted that the entire purchases and sales were done through same commission agents and these were accommodation entries and these Balmukund Lease Fin Private Limited

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

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

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The ld. AO discussed in detail the facts qua these parties and entry operators involved in providing accommodation entries. The ld. AO also noted that the entire purchases and sales were done through same commission agents and these were accommodation entries and these Balmukund Lease Fin Private Limited

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

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

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The ld. AO discussed in detail the facts qua these parties and entry operators involved in providing accommodation entries. The ld. AO also noted that the entire purchases and sales were done through same commission agents and these were accommodation entries and these Balmukund Lease Fin Private Limited

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

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

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The ld. AO discussed in detail the facts qua these parties and entry operators involved in providing accommodation entries. The ld. AO also noted that the entire purchases and sales were done through same commission agents and these were accommodation entries and these Balmukund Lease Fin Private Limited

GOPAL & SONS HUF,KOLKATA vs. I.T.O., WARD - 32(1), KOLKATA, KOLKATA

The appeal of the revenue is dismissed

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

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The ld. AO discussed in detail the facts qua these parties and entry operators involved in providing accommodation entries. The ld. AO also noted that the entire purchases and sales were done through same commission agents and these were accommodation entries and these Balmukund Lease Fin Private Limited

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

M/S. SHAKAMBHARI ISPAT & POWER LTD.,KOLKATA vs. DCIT, CC - 3(3),, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

M/S. SHAKAMBHARI ISPAT & POWER LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

D.C.I.T., CC - 3(1),, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3.1, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), KOLKATA

Appeals of the assessee are partly allowed and\nappeals of the revenue are dismissed

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

M/S. SHAKAMBHARI ISPAT & POWER LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3(1),, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

10 above, the entire\naddition made by AO in such respect is without allowing cross\nexamination of the third party so involved and such action of\nAO & CIT(A) is bad in law and it may be held accordingly.\n12. Without prejudice to Grounds No. 6 to 11 above, the rate of\ngross profit so considered

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

38,23,767/- and M/s Steel Centre of ₹10,78,87,644/-. The\nId. AO discussed in detail the facts qua these parties and entry\noperators involved in providing accommodation entries. The Id. AO also\nnoted that the entire purchases and sales were done through same\ncommission agents and these were accommodation entries and these\nPage 12\nwere only done