NEZONE TUBES LIMITED,KOLKATA vs. DCIT, CIRCLE 1(1), KOLKATA

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

Bench: Shri George Mathan & Shri Rakesh Mishra

144 of the Act. 3. The Hon'ble Commissioner of Income Tax (Appeals) erred both in law and on facts by passing the order on 07/01/2025 at 11:26 IST, prior to the expiry of the 3 stipulated time period provided in the notice for submissions, thereby violating the principles of natural justice and denying a reasonable opportunity

NEZONE TUBES LIMITED,KOLKATA vs. DCIT, CIRCLE 1(1), KOLKATA

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

Bench: Shri George Mathan & Shri Rakesh Mishra

144 of the Act. 3. The Hon'ble Commissioner of Income Tax (Appeals) erred both in law and on facts by passing the order on 07/01/2025 at 11:26 IST, prior to the expiry of the 3 stipulated time period provided in the notice for submissions, thereby violating the principles of natural justice and denying a reasonable opportunity

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

purchases during the year, deploying its funds. There ought to be certain element of profit embedded in the sale transaction executed which must be brought to tax. 15. Considering the above submission of the ld. DR and taking a holistic view of the facts and circumstances of the case, we find it proper to consider net profit element

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

purchases during the year, deploying its funds. There ought to be certain element of profit embedded in the sale transaction executed which must be brought to tax. 15. Considering the above submission of the ld. DR and taking a holistic view of the facts and circumstances of the case, we find it proper to consider net profit element

A.C.I.T.CIRCLE-42, KOLKATA, KOLKATA vs. M/S. M.M. EXPORTS, KOLKATA

In the result, Revenue’s appeal is dismissed

Bench: Shri N.V. Vasudevan & Shri Waseem Ahmedassessment Year :2000-01

144 to 161 of the paper book. There was also an agreement between the assessee and the party for the sale purchase of glass beads and fire polished glass chatons which is placed at page 162 of the paper book. The assessee has made the payment of all the purchase bills through account payee cheque. Our attention was also drawn

INDIAN SUPERCRAFT INDUSTRIES,KOLKATA vs. ITO, WARD-36(2), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri A. T. Varkey, Jm]

bogus purchase amounting to Rs.1.27 cr., which action does not require any interference from my part. 6. Heard the rival parties and perused the material available on records. The facts stated hereinabove are not repeated for the sake of brevity. The first point which has taken my attention is regarding estimation made by the AO @ 5.02% of Rs.1.27 cr. According

DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE)- 3(1), KOLKATA, KOLKATA vs. AUXINITE SUPPLIERS PRIVATE LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed and CO of the assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Dy. Commissioner Of Income Auxinite Suppliers Private Tax (Cc)-3(1) Limited 4Th Floor, Aaykar Bhawan 44/2A Jain Tower, Hazra Road, Vs. Poorva, 110 Shantipally, Kolkata- Kolkata-700019, West Bengal 700017, West Bengal (Appellant) (Respondent) Pan No. Aaecb3974H Co No. 11/Kol/2025 (Arising In Ita No. 139/Kol/2025 For A.Y. 2019-20) Dy. Commissioner Of Income Auxinite Suppliers Private Tax (Cc)-3(1) Limited 4Th Floor, Aaykar Bhawan 44/2A Jain Tower, Hazra Road, Vs. Poorva, 110 Shantipally, Kolkata- Kolkata-700019, West Bengal 700017, West Bengal (Appellant) (Respondent) Assessee By : S/Shri Rajeeva Kumar & Giridhar Dhelia, Ars Revenue By : Shri V. Vidhyadhar, Dr Date Of Hearing: 11.02.2026 Date Of Pronouncement: 02.04.2026

bogus shareholders, the Revenue can reopen their individual assessment and addition cannot be made in the hands of the recipient company: "On the facts and in the circumstances of the case, Ld. CIT(A) ought to have upheld the assessment order as the transaction entered into by the assessee was a scheme for laundering black money into white money

DCIT, CIRCLE-1(1), KOLKATA, KOLKATA vs. M/S KAMARHATTY COMPANY LTD., KOLKATA

In the result, appeal of Revenue (in Ground No

Bench: Shri Aby T. Varkey & Dr.A.L. Sainiassessment Year :2011-12

bogus purchases of raw materials, to the tune of Rs.25,12,469/- on account unexplained shortage in production. 5. That the appellant craves leave to add, alter and / or modify, substitute all or any of the grounds of appeal, during the course of hearing.” 3.Ground No.1 raised by the Revenue relates to addition of ₹7,49,749/- on account

M/S SANGITA CONSTRUCTION CO.,KOLKATA vs. ITO, WD-26(1), KOLKATA, KOLKATA

Appeal is allowed in above terms

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11 M/S Sangita V/S. Income Tax Officer, Construction Co. Pujali Ward-26(1), Ayakar Budge Budge, Bhawan Dakshin 2, Kolkata-700138 Gariahat Road (South), [Pa No.Aavfs 7245 L] Kolkata-68 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri A.K. Tibrwal, Fca अपीलाथ" क" ओर से/By Appellant Shri Sandeep Lakra, Addl. Cit-Sr-Dr ""यथ" क" ओर से/By Respondent 22-11-2018 सुनवाई क" तार"ख/Date Of Hearing 30-11-2018 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- This Assessee’S Appeal For Assessment Year 2010-11 Challenges Correctness Of Commissioner Of Income Tax (Appeals)-7 Kolkata’S Order Dated 14.12.2015, Passed In Case No.262Cita-7R/Range-26/14-15, In Proceedings U/S. 143(3)/144 Of The Income Tax Act, 1961; In Short ‘The Act’. Heard Both The Parties. Case File Perused. 2. The Assessee’S First Substantive Ground Seeks To Challenge Correctness Of Both The Lower Authorities’ Action Disallowing / Adding Its Transport Charges Of ₹28,12,459/- On Account Of Non-Deduction Of Tds. The Cit(A)’S Appeal Discussion Qua The Instant Issue Reads As Under:- “2.0 Ground No.2 Is Related To The Addition Of Rs.28,12,459/-. During The Course Of Assessment Proceedings The Assessing Officer Found That The Appellant Made Purchases Of Rs.16,60,901/- From Mr. Dinesh Gupta & Rs.11,51,558/- From M/S S. P Enterprise. The Enquiries Conducted By The A.O Revealed That The M/S S.P Enterprise Was Found To Be Non-Existent. Summons

section 40(a)(ia) is attracted for the appellant's failure to deduct tax at source. Accordingly the addition of Rs.28,12,459/- u/s.40(a)(ia) made by the AO is confirmed. This ground of appeal is dismissed.” 3. We have given our thoughtful consideration to rival contention. It is evident from the above extracted finding that

SWAPAN DAS,KOLKATA vs. I.T.O.,WARD-45(3), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Sonjoy Sarma & Shri Girish Agrawalassessment Year: 2014-15 Swapan Das Income Tax Officer, Ward- 3F/1G, Gagan Sarkar Road, Vs. 45(3), Kolkata. Beliaghata, Kolkata-700010. (Pan Agrpd2980P) (Appellant) (Respondent) Present For: Appellant By : Smt. Pinki Shaw, Fca Respondent By : Shri Sudip Kumar Bandopadhyay, Addl. Cit Date Of Hearing : 23.06.2022 Date Of Pronouncement : 06.09.2022 O R D E R Per Girish Agrawal: This Appeal By The Assessee Is Directed Against The Order Of Ld. Cit(A)-13, Kolkata Vide Appeal No.10542/Cit(A)-13/Wd- 45(3)/Kol/2016-17 Dated 28.02.2019 For A.Y. 2014-15 Arising Out Of Order Passed U/S. 143(3) Of The Income-Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) By Ito, Ward-45(3), Kolkata Dated 28.12.2016. 2. Smt. Pinki Shaw, Fca Appeared On Behalf Of The Assessee & Shri Sudip Kumar Bandopadhyay, Addl. Cit Appeared On Behalf Of The Revenue.

purchase, vitamins, medicines and other relevant expenses. In respect of non-TDS on various expenses, it was submitted that expenses individually did not exceed the prescribed limits and majority of them were paid to the farmers/breeders who are out of the purview of the Act. Ld. AO completed the assessment by making the additions for which assessee went in appeal

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]

Section 14A of the Act. We observe that though the above decision has been rendered in the context of disallowance of interest attributable to funds invested towards tax free income but the same analogy is applicable for considering the disallowance u/s 14A read with Rule 8D(2)(iii). Therefore we are inclined to hold that 17 I.T.A. Nos.1068 & 1166/Kol/2017

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]

Section 14A of the Act. We observe that though the above decision has been rendered in the context of disallowance of interest attributable to funds invested towards tax free income but the same analogy is applicable for considering the disallowance u/s 14A read with Rule 8D(2)(iii). Therefore we are inclined to hold that 17 I.T.A. Nos.1068 & 1166/Kol/2017

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]

Section 14A of the Act. We observe that though the above decision has been rendered in the context of disallowance of interest attributable to funds invested towards tax free income but the same analogy is applicable for considering the disallowance u/s 14A read with Rule 8D(2)(iii). Therefore we are inclined to hold that 17 I.T.A. Nos.1068 & 1166/Kol/2017

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]

Section 14A of the Act. We observe that though the above decision has been rendered in the context of disallowance of interest attributable to funds invested towards tax free income but the same analogy is applicable for considering the disallowance u/s 14A read with Rule 8D(2)(iii). Therefore we are inclined to hold that 17 I.T.A. Nos.1068 & 1166/Kol/2017

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

section 144 of the Act as under : i) Income as per return : 4,52,166.00 Addition made in the assessment ii) Undisclosed investment 49,50,127.00 iii) Income declared by kum. Neha puri 3,63,470.00 ITA No.1904-1905/Kol/2012 A.Ys. 2002-03 & 1997-98 V.K.Puri v. ACIT Cir-26,Kol. Page 6 iv) Income declared by kum. Divya puri

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

section 144 of the Act as under : i) Income as per return : 4,52,166.00 Addition made in the assessment ii) Undisclosed investment 49,50,127.00 iii) Income declared by kum. Neha puri 3,63,470.00 ITA No.1904-1905/Kol/2012 A.Ys. 2002-03 & 1997-98 V.K.Puri v. ACIT Cir-26,Kol. Page 6 iv) Income declared by kum. Divya puri

NEHA DIWAN,HINDMOTOR vs. ITO WARD - 23(1), HOOGHLY

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

section 271(1)(c) of the Income Tax Act 1961. 17. That the appellant craves leave to adduce additional grounds and/or amend or withdraw any of the aforesaid grounds before or at the time of hearing of appeal.” 3. Brief facts of the case are that as per the information available with the Income Tax Department, the assessee was found

M/S. BNA COMMERCE PVT. LTD.,,KOLKATA vs. ITO, WARD 5(1), KOLKATA

In the result, the appeal of the assessee is allowed

purchase, unsecured loans and bogus billing in lieu of\ncommission. He facilitated the meeting of parties who need bogus bills and parties who\nprovided the entry of bogus bills without involving himself or his dummies in the process\nin lieu of commission. M/s BNA Commerce Pvt. Ltd. PAN-AABCB0727D is one of the\nbeneficiary received Rs.3,30,00,000/- from