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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

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

section 142(2)\nmandates any such material adverse to the facts of assessee\ncollected by AO u/s 142(1) has to be necessarily put to the assessee\nu/s 142(3) before utilizing the same for assessment so as to\nconstitute as reliable material evidence through the process of\nassessment u/s 143(3) of the Act.\"\nSimilarly, in the case

SUNITA CHANANI ,KOLKATA vs. ITO, WARD-36(2), KOLKATA

In the result, both the appeals of the assessee are allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Girish Agrawal

bogus claim of exempt Income in the form of Long Term Capital Gains on sale of listed equity shares. The addition is not called for and hence the same be deleted. 2. For that in the facts and circumstance the Learned Commissioner of Income Tax Appeals erred in not allowing the exemption

SUNITA CHANANI ,KOLKATA vs. ITO, WARD-36(2), KOLKATA

In the result, both the appeals of the assessee are allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Girish Agrawal

bogus claim of exempt Income in the form of Long Term Capital Gains on sale of listed equity shares. The addition is not called for and hence the same be deleted. 2. For that in the facts and circumstance the Learned Commissioner of Income Tax Appeals erred in not allowing the exemption

SHRI AMIT AGARWAL,KOLKATA vs. A.C.I.T.,CC-3(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Amit Agarwal, Assistant Commissioner Of 49A, Tollygunge Circular Road, Vs. Income Tax, Central Circle- New Alipore, Kolkata-700053. 3(4), Kolkata. (Pan: Agapa0320R) (Appellant) (Respondent)

purchaser's identity is never disclosed to the seller. 5. For that the Ld. CIT(A) perverse and on the facts and circumstances of the case the addition of Rs.87,36,730/- was not in accordance with law, Tax effect is stated in Ground No.2. 6. For that the Ld. CIT(A) erred in confirming the addition of Rs.4

SHRI VIJAY AGARWAL,KOLKATA vs. A.C.I.T.,CENTRAL CIRCLE-3(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Amit Agarwal, Assistant Commissioner Of 49A, Tollygunge Circular Road, Vs. Income Tax, Central Circle- New Alipore, Kolkata-700053. 3(4), Kolkata. (Pan: Agapa0320R) (Appellant) (Respondent)

purchaser's identity is never disclosed to the seller. 5. For that the Ld. CIT(A) perverse and on the facts and circumstances of the case the addition of Rs.87,36,730/- was not in accordance with law, Tax effect is stated in Ground No.2. 6. For that the Ld. CIT(A) erred in confirming the addition of Rs.4

SHRI KAMAL AGARWAL,KOLKATA vs. A.C.I.T.,CENTRAL CIRCLE-3(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Amit Agarwal, Assistant Commissioner Of 49A, Tollygunge Circular Road, Vs. Income Tax, Central Circle- New Alipore, Kolkata-700053. 3(4), Kolkata. (Pan: Agapa0320R) (Appellant) (Respondent)

purchaser's identity is never disclosed to the seller. 5. For that the Ld. CIT(A) perverse and on the facts and circumstances of the case the addition of Rs.87,36,730/- was not in accordance with law, Tax effect is stated in Ground No.2. 6. For that the Ld. CIT(A) erred in confirming the addition of Rs.4

SHRI MAHESH AGARWAL,KOLKATA vs. A.C.I.T.,CENTRAL CIRCLE-3(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Amit Agarwal, Assistant Commissioner Of 49A, Tollygunge Circular Road, Vs. Income Tax, Central Circle- New Alipore, Kolkata-700053. 3(4), Kolkata. (Pan: Agapa0320R) (Appellant) (Respondent)

purchaser's identity is never disclosed to the seller. 5. For that the Ld. CIT(A) perverse and on the facts and circumstances of the case the addition of Rs.87,36,730/- was not in accordance with law, Tax effect is stated in Ground No.2. 6. For that the Ld. CIT(A) erred in confirming the addition of Rs.4

SHRI KISHORE KUMAR AGARWAL,KOLKATA vs. A.C.I.T.,CIRCLE-3(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Amit Agarwal, Assistant Commissioner Of 49A, Tollygunge Circular Road, Vs. Income Tax, Central Circle- New Alipore, Kolkata-700053. 3(4), Kolkata. (Pan: Agapa0320R) (Appellant) (Respondent)

purchaser's identity is never disclosed to the seller. 5. For that the Ld. CIT(A) perverse and on the facts and circumstances of the case the addition of Rs.87,36,730/- was not in accordance with law, Tax effect is stated in Ground No.2. 6. For that the Ld. CIT(A) erred in confirming the addition of Rs.4

SHRI DINESH AGARWAL,KOLKATA vs. A.C.I.T.,CENTRAL CIRCLE-3(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Amit Agarwal, Assistant Commissioner Of 49A, Tollygunge Circular Road, Vs. Income Tax, Central Circle- New Alipore, Kolkata-700053. 3(4), Kolkata. (Pan: Agapa0320R) (Appellant) (Respondent)

purchaser's identity is never disclosed to the seller. 5. For that the Ld. CIT(A) perverse and on the facts and circumstances of the case the addition of Rs.87,36,730/- was not in accordance with law, Tax effect is stated in Ground No.2. 6. For that the Ld. CIT(A) erred in confirming the addition of Rs.4