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

1. Purchase invoices, purchase order, E-way bill, along with photographic evidence of the goods acquired. ITA Nos.: 179 & 180/KOL/2025 AYs: 2011-12 & 2015-16 Nezone Tubes Limited. 2. Confirmation from the seller of goods stating that the goods are sold by him. 3. An inward register and outward register maintained at register premises, containing details such as dates, supplier

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

1. Purchase invoices, purchase order, E-way bill, along with photographic evidence of the goods acquired. ITA Nos.: 179 & 180/KOL/2025 AYs: 2011-12 & 2015-16 Nezone Tubes Limited. 2. Confirmation from the seller of goods stating that the goods are sold by him. 3. An inward register and outward register maintained at register premises, containing details such as dates, supplier

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

BLACKSTONE OVERSEAS PVT. LTD.,KOLKATA vs. I.T.O., WARD - 5(1),, KOLKATA

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

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

bogus purchases. The assessee was given notice u/s 148A(b) of the Act. The assessee has not filed any reply. Thereafter, the order u/s 148A(d) of the Act was passed on 07.04.2022 and notice was finally issued u/s 148 of the Act on 07.04.2022 to the assessee after obtaining the approval from the competent authority i.e. PCIT, Kolkata

M/S. BLACKSTONE OVERSEAS PVT. LTD.,KOLKATA vs. I.T.O., WARD-5(1),, KOLKATA

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

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

bogus purchases. The assessee was given notice u/s 148A(b) of the Act. The assessee has not filed any reply. Thereafter, the order u/s 148A(d) of the Act was passed on 07.04.2022 and notice was finally issued u/s 148 of the Act on 07.04.2022 to the assessee after obtaining the approval from the competent authority i.e. PCIT, Kolkata

M/S. DIACH CHEMICALS & PIGMENTS PVT. LTD.,HOWRAH vs. D.C.I.T., CENTRAL CIRCLE - 4(2), KOLKATA, KOLKATA

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

Bench: Shri Sanjay Garg, Jm & Shri Rajesh Kumar, Am

Section 148A of the Act dated 17.03.2022, wherein at page no. 4 of the notice the ld. AO has stated that M/s Saviri Ispat India Pvt. Ltd. has taken accommodation entry and brought back their unaccounted income into their regular books of accounts in the guise of bogus share/ share premium, unsecured loans etc. amounting

M/S. DIACH CHEMICALS & PIGMENTS PVT. LTD.,HOWRAH vs. D.C.I.T., CENTRAL CIRCLE - 4(2), KOLKATA, KOLKATA

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

Bench: Shri Sanjay Garg, Jm & Shri Rajesh Kumar, Am

Section 148A of the Act dated 17.03.2022, wherein at page no. 4 of the notice the ld. AO has stated that M/s Saviri Ispat India Pvt. Ltd. has taken accommodation entry and brought back their unaccounted income into their regular books of accounts in the guise of bogus share/ share premium, unsecured loans etc. amounting

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), KOLKATA, KOLKATA vs. RAJSHRI IRON INDUSTRIES PRIVATE LIMITED, KOLKATA

In the result, both the appeals of the Revenue are dismissed

Bench: Shri Rajesh Kumar, Am & Shrisonjoy Sarma, Jm

Sections 68 and 69 C of the Act, and if the purchases are bogus, then it is not incumbent upon the Tribunal to restrict the disallowance only to confirm certain percentage of such purchases. The Special Leave Petition against the said decision was dismissed by the Hon'ble Supreme Court in case of N. K. Protiens Ltd. v. Deputy Commissioner

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), KOLKATA, KOLKATA vs. RAJSHRI IRON INDUSTRIES PRIVATE LIMITED, KOLKATA

In the result, both the appeals of the Revenue are dismissed

Bench: Shri Rajesh Kumar, Am & Shrisonjoy Sarma, Jm

Sections 68 and 69 C of the Act, and if the purchases are bogus, then it is not incumbent upon the Tribunal to restrict the disallowance only to confirm certain percentage of such purchases. The Special Leave Petition against the said decision was dismissed by the Hon'ble Supreme Court in case of N. K. Protiens Ltd. v. Deputy Commissioner

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

D” BENCH, KOLKATA\nBEFORE SHRI RAJESH KUMAR, ACCOUNTANT MEMBER\nAND\nSHRI PRADIP KUMAR CHOUBEY, JUDICIAL MEMBER\nआयकर अपील सं/ITA Nos.931,1194, 1195, 1196, 1197, 1198/KOL/2025\n(निर्धारणवर्ष/AYrs:2019-20,2016-17,2017-18,2018-19,2020-21&2021-22)\nM/s Shakambhari Ispat &\nVs\nDCIT, Central Circle-3(3) Kolkata\nPower Limited,\nC/o M/s Salarpuria Jajodia& Co.\n7, C.R.Avenue

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition

SRI NIKHIL MAHESWARI,KOLKATA vs. I.T.O., WARD - 50(1),, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar, Am Sri Nikhil Maheswari Bf-250, 2Nd Floor, Sector-1, Ito Ward 50(1) Central Circle-Block, Uttrapan Complex, Manicktalla Baisakhi Island Sali, Salt Lake, Civil Centre, Ultadanga, Kolkata- Vs. Bidhannagar, Kolkata-700064, 700054, West Bengal West Bengal (Appellant) (Respondent) Pan No. Bbzpm1050R Assessee By : Shri Abhishek Bansal, Ar Revenue By : Shri Pampa Ray, Dr Date Of Hearing: 29.01.2026 Date Of Pronouncement: 17.02.2026

bogus purchases to the tune of ₹1,00,00,338/-. The case of the assessee was reopened for scrutiny by passing order u/s 148A(d) of the Act on 28.07.2022 after issuing show cause notice u/s 148A(b) of the Act. Notice was finally issued u/s 148 of the Act on 30.07.2022 to the assessee after obtaining the approval from

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law.\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law.\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition

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

148A which AO failed to do in this case\nand hence consequential proceedings and order so passed u/s 147\nhas become bad in law\nvii) Before issuing notice u/s 148 (for A.Y 2019-20) the conditions\nas specified in sec. 149(1)(b) were required to be satisfied and\nwhich is not satisfied in appellant's case. Such condition