UNISYS SOFTWARES AND HOLDING IND. LTD.,KOLKATA vs. DCIT, CIR. 8(2), KOLKATA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2011-12

purchased the shares of Unisys Software and Holding Industries Ltd. are bogus/paper entities. 2.4. On the basis of above observation, it is evident that M/s Unisys Software and Holding Industries Ltd. had brought back its unaccounted income of Rs. 30,00,00,000/- in the A.Y. 2011-12 by way of issuing share capital and share premium. 2.5. In view

SUSANTA MALLICK,KALIKAPUR vs. D.C.I.T., CIRCLE-11(1),, KOLKATA

In the result the appeal of the assessee is allowed for statistical purpose

bogus claim of LTCG plus Rs.3.43 lakhs being the alleged commission @ 5%, paid to brokers ( entry providers ) . 5) The matter carried in appeal, has been dismissed by the Ld first appellate authority, in absence of any representation or any response to various notices issued by the Ld CIT ( A ) on at least three separate occasions ( as evident from para

DEPUTY COMMSSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. AMAR KUMAR AGARWAL, KOLKATA

In the result, the appeals of the assessee are partly allowed and appeals of the Revenue are dismissed

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

bogus purchases." 8.2.6. Further, reliance is also placed in the case of 'M/S. Alokik Steels Pvt. Ltd Village vs Principal Commissioner Of Income on 3 March, 2021, ITA No. 861/JP/2019', the Hon'ble ITAT, Jaipur had held as under:- "Further, there is no dispute regarding the quantum of unaccounted turnover of Rs 1,77,95,859. The assessee has declared

AMAR KUMAR AGARWAL,KOLKATA vs. D.C.I.T., CC - 4(3),, KOLKATA

In the result, the appeals of the assessee are partly allowed and appeals of the Revenue are dismissed

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

bogus purchases." 8.2.6. Further, reliance is also placed in the case of 'M/S. Alokik Steels Pvt. Ltd Village vs Principal Commissioner Of Income on 3 March, 2021, ITA No. 861/JP/2019', the Hon'ble ITAT, Jaipur had held as under:- "Further, there is no dispute regarding the quantum of unaccounted turnover of Rs 1,77,95,859. The assessee has declared

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. AMAR KUMAR AGARWAL, KOLKATA

In the result, the appeals of the assessee are partly allowed and appeals of the Revenue are dismissed

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

bogus purchases." 8.2.6. Further, reliance is also placed in the case of 'M/S. Alokik Steels Pvt. Ltd Village vs Principal Commissioner Of Income on 3 March, 2021, ITA No. 861/JP/2019', the Hon'ble ITAT, Jaipur had held as under:- "Further, there is no dispute regarding the quantum of unaccounted turnover of Rs 1,77,95,859. The assessee has declared

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. AMAR KUMAR AGARAWAL, KOLKATA

In the result, the appeals of the assessee are partly allowed and appeals of the Revenue are dismissed

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

bogus purchases." 8.2.6. Further, reliance is also placed in the case of 'M/S. Alokik Steels Pvt. Ltd Village vs Principal Commissioner Of Income on 3 March, 2021, ITA No. 861/JP/2019', the Hon'ble ITAT, Jaipur had held as under:- "Further, there is no dispute regarding the quantum of unaccounted turnover of Rs 1,77,95,859. The assessee has declared

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. AMAR KUMAR AGARWAL, KOLKATA

In the result, the appeals of the assessee are partly allowed and appeals of the Revenue are dismissed

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

bogus purchases." 8.2.6. Further, reliance is also placed in the case of 'M/S. Alokik Steels Pvt. Ltd Village vs Principal Commissioner Of Income on 3 March, 2021, ITA No. 861/JP/2019', the Hon'ble ITAT, Jaipur had held as under:- "Further, there is no dispute regarding the quantum of unaccounted turnover of Rs 1,77,95,859. The assessee has declared

M/S. WRINKLE MARKETING PVT. LTD,KOLKATA vs. ITO, WARD-9(2), KOLKATA. , KOLKATA

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

Bench: Shri Sonjoy Sarma & Shri Girish Agrawalassessment Year: 2017-18

bogus LTCG/STCL/Trading Loss/Valuation loss on shares without providing the copy of the same to the assessee. 9. For that under the facts and circumstances of the case the Ld. CIT(A) erred in considering the Loss on Derivative transaction of Rs.20,028,541/- as unexplained cash credit whereas all the information were duly on records. 10. For that

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), KOLKATA, KOLKATA vs. AMAR KUMAR AGARWAL, KOLKATA

In the result, the appeals of the assessee are partly allowed and\nappeals of the Revenue are dismissed

Bench: SHRI RAJESH KUMAR, AM\nAND\nSHRI PRADIP KUMAR CHOUBEY, JM\nIT(SS)A No.86 to 89/KOL/2025, 2007/KOL/2025\n(Assessment Year: 2017-18 to 2020-21, 2021-22)\nAmar Kumar Agarwal\nC/o M/s Salarpuria Jajodia&\nCO.7, CR Avenue, 3rd Floor,\nKolkata-700072, West Bengal\n(Appellant)\nDCIT, CC 4(3)\nAaykarBhawanPoorva,\nVs.110, Shantipally, E.M. Bypass,\nKolkata-700107, West Bengal\n(Respondent)\nPAN No. ADDPA3301L\nITA Nos.1496,1497,1498, 1499/KOL/2025, & 1440/KOL/2025\n(Α.Υ.: 2017-18, 2018-19, 2020-21,

bogus purchases.\"\n8. 2. 6. Further, reliance is also placed in the case of 'M/S. Alokik Steels Pvt. Ltd Village\nvs Principal Commissioner Of Income on 3 March, 2021, ITA No. 861/JP/2019', the\nHon'ble ITAT, Jaipur had held as under:-\n\"Further, there is no dispute regarding the quantum of unaccounted turnover

ITO, WARD - 40(1), KOLKATA, KOLKATA vs. JUGAL KISHORE BHAGAT, KOLKATA

In the result, the appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyassessment Year: 2020-21 Ito, Ward-40(1), Kolkata ………….……………………….……….……….……Appellant Vs. Jugal Kishore Bhagat ………………………………….....……...…..…..Respondent 3B, Trimurti Apartment, 139, Dakshindari Road, Sreebhumi, Kol-700048.. [Pan: Aikpb8527H] Appearances By: Shri Mohit Mrinal, Cit-Dr, Appeared On Behalf Of The Appellant. Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 08, 2026 Date Of Pronouncing The Order : January 19, 2026 Order Per Pradip Kumar Choubey: This Appeal Filed By The Revenue Is Directed Against The Order Dated 10.06.2024 Of The National Faceless Appeal Centre [‘Cit(A)’] Passed Under Section 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As “The Act”) For The Assessment Year 2020–21. 2. The Appeal Has Been Filed By The Revenue With A Delay Of 362 Days & The Revenue Has Filed A Petition For Condonation Of The Delay. After Going Over The Said Petition, We Find Sufficient Reasons Behind The Delay & Consequently, The Delay In Filing The Appeal Is Hereby Condoned & We Proceed To Dispose Of The Appeal On Merits.

Section 250 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for the assessment year 2020–21. 2. The appeal has been filed by the revenue with a delay of 362 days and the revenue has filed a petition for condonation of the delay. After going over the said petition, we find sufficient reasons behind the delay

JOGMAYA CONSTRUCTION COMPANY,KOLKATA vs. ITO, WARD 37(1), KOLKATA

In the result, the appeal filed by the assessee is dismissed both on account of delay as well as on merits

Bench: Shri George Mathan & Shri Rakesh Mishra

bogus I.T.A. No.: 1063/KOL/2025 Assessment Year: 2018-19 Jogmaya Construction Company. purchases of ₹57,24,383/- and estimation of 5% of commission of accommodation entries of ₹ 2,86,219/-. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A) who issued a notice to the assessee requiring to file a reply. The assessee

ESCEE TRADERS PVT. LTD. (FORMERLY KNOWN AS SATKRITI PROPERTIES PVT. LTD.),KOLKATA vs. I.T.O., WARD - 5(1), , KOLKATA

In the result, the appeal of assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarmai.T.A. No.1752/Kol/2024 Assessment Year: 2012-13 Escee Traders Pvt. Ltd (Formerly Known As Satkriti Properties Pvt. Ltd.) ….....Appellant 12Th Floor, Unit 12B, Unimark Asian, 52/1, Shakespeare Sarani, Kolkata – 700017. [Pan: Aancs7043M] Vs. Ito, Ward-5(1), Kolkata……….……….…............................…..…..... Respondent Appearances By: Shri R. C. Jhawer, Fca, Appeared On Behalf Of The Appellant. Smt. Rama Choudhary, Jcit- Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 14, 2025 Date Of Pronouncing The Order : January 28, 2025 आदेश / Order Per Sonjoy Sarma: The Present Appeal Has Been Preferred By The Assessee Pertaining To Assessment Year 2012-13 Against The Order Dated 21.06.2024 Of The National Faceless Appeal Centre [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’) Which In Turn Arises Out Of A Penalty Order Passed By The Assessing Officer U/S 271(1)(C) Of The Act Dated 26.03.2022. 2. Brief Facts Of The Case Are That The Assessee Filed Its Return Of Income Declaring Total Income Of Rs.19,81,896/-. The Case Of The Assessee Was Reopened U/S 147 Of The Act Based On Information Received Regarding Bogus Ltcg On Sale Of Shares Of Banas Finance Ltd. It Was Alleged That The Assessee Purchased 55,000 Shares For Rs.30,11,800/- & Sold Them For Rs.10,05,950/- Booking A Loss Of Rs.20,05,850/-. During The Assessment Proceedings, It Was Concluded

purchased 55,000 shares for Rs.30,11,800/- and sold them for Rs.10,05,950/- booking a loss of Rs.20,05,850/-. During the assessment proceedings, it was concluded I.T.A. No.1752/Kol/2024 Assessment Year: 2012-13 Escee Traders Pvt. Ltd that the loss claimed was bogus and transaction was non-genuine. Accordingly, the Assessing Officer disallowed loss of Rs.20