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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

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

bogus purchases has no\nlegs to stand. Moreover we find that the coal manufacturing requirement\nof the plant are within the acceptable norms and parameters as has been\nprescribed by the government in the manufacturing process of steel. Even if we\nassume that there has been purchase of coal from the Majee Group, then\nthe same might have used

A R UDYOG,HOWRAH vs. ITO, WARD 46(3), KOLKATA

In the result, the appeal filed by the assessee is partly allowed for\nstatistical purposes

sections": [ "68", "144", "147", "139", "148", "69C", "143(3)" ], "issues": "Whether additions made on account of bogus purchases were justified

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 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

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

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

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