SAROJ EMBRODS PRIVATE LIMITED. ,HOOGHLY vs. DCIT,C.C-3(4), KOLKATA. , KOLKATA

In the result, both the appeals of the assessee are allowed

Bench: Shri Rajesh Kumar & Shri Sonjoysarma]

bogus purchases required to be examined and in pare 2 page 2 the AO has noted that the income has, to that extent, escaped assessment in the hands of the assessee. The Ld. A.R argued that the reopening of assessment u/s 147 read with Section 148

M/S. SAROJ EMBRODS PVT. LTD. ,HOOGHLY vs. DCIT, C.C-3(4), KOLKATA. , KOLKATA

In the result, both the appeals of the assessee are allowed

Bench: Shri Rajesh Kumar & Shri Sonjoysarma]

bogus purchases required to be examined and in pare 2 page 2 the AO has noted that the income has, to that extent, escaped assessment in the hands of the assessee. The Ld. A.R argued that the reopening of assessment u/s 147 read with Section 148

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

2. The Hon'ble Commissioner of Income Tax (Appeals) erred both in law and on facts by setting aside the assessment to the Learned Assessing Officer for fresh assessment under the powers of Section 251(1)(a) of the Income Tax Act, 1961, in respect of an order passed under Section 147 read with Section 144B and not under Section

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

2. The Hon'ble Commissioner of Income Tax (Appeals) erred both in law and on facts by setting aside the assessment to the Learned Assessing Officer for fresh assessment under the powers of Section 251(1)(a) of the Income Tax Act, 1961, in respect of an order passed under Section 147 read with Section 144B and not under Section

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

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

148 of the Act are analogous to Section\n153A of the Act as applicable in the case of search pertaining to search\nprior to 1.4.2021. In our opinion, the AO is under obligation to reopen\nsuch assessment years prior to the date of search even if there is no\nincriminating material and then frame the assessment accordingly. In\nother words

PRAMOD LAKRA DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-11(1), KOLKATA, KOLKATA vs. URVASHI SAREES PVT. LTD, KOLKATA

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

Bench: ITAT, Kolkata were collected and prepared | | 18.01.2025 | 2nd Appeal was filed |

bogus purchases. 2.4 Aggrieved with the assessment order the assessee filed an appeal before the Ld. CIT(A) where he could get partial relief. Further aggrieved with the order of the Ld. CIT(A) both the assessee and Revenue have filed the appeals before this Tribunal. 3. Rival contentions were heard and the submissions made have been examined

URVASHI SAREES PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 11(1), , KOLKATA

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

Bench: ITAT, Kolkata were collected and prepared | | 18.01.2025 | 2nd Appeal was filed |

bogus purchases. 2.4 Aggrieved with the assessment order the assessee filed an appeal before the Ld. CIT(A) where he could get partial relief. Further aggrieved with the order of the Ld. CIT(A) both the assessee and Revenue have filed the appeals before this Tribunal. 3. Rival contentions were heard and the submissions made have been examined

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

148 of the Act was issued on 21.02.2024, and duly served upon the assessee. In reply, the assessee filed the return of income on 07.03.2024, declaring the same income as was declared in the original return of income. Thereafter, the statutory notices along with questionnaire were issued which were complied with and replied by the assessee by furnishing