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

260/- and the remaining addition of ₹59,20,740/- was deleted. 6.5. After hearing the rival contentions and perusing the materials available on record, we find that the addition was made only on the basis of Whatsapp Chats between the director of Shri Abhishek Kanodia and employee of the company. We note that apart from the Whatsapp Chat there

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

260/- and the remaining addition of ₹59,20,740/- was deleted. 6.5. After hearing the rival contentions and perusing the materials available on record, we find that the addition was made only on the basis of Whatsapp Chats between the director of Shri Abhishek Kanodia and employee of the company. We note that apart from the Whatsapp Chat there

GOPAL & SONS HUF,KOLKATA vs. I.T.O., WARD - 32(1), KOLKATA, KOLKATA

The appeal of the revenue is dismissed

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

260/- and the remaining addition of ₹59,20,740/- was deleted. 6.5. After hearing the rival contentions and perusing the materials available on record, we find that the addition was made only on the basis of Whatsapp Chats between the director of Shri Abhishek Kanodia and employee of the company. We note that apart from the Whatsapp Chat there

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED , PATNA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

DCIT, CENTRAL CIRCLE- 4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

section 68 of the Act\nBefore the Commissioner (Appeals) it as submitted by the assessee that raw hides\nwere purchased from the four parties under consideration on the understanding that\nafter the hides were processed and the finished leather was produced the same would\nbe resold to same parties in substance therefore the transaction was more in the\nnature

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

DCIT CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND LEASE FIN PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

BALMUKUND CEMENT & ROOFINGS PVT. LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED, KOLKATA

The appeal of the Revenue is dismissed

260/-\nand the remaining addition of ₹59,20,740/- was deleted.\n6. 5. After hearing the rival contentions and perusing the materials\navailable on record, we find that the addition was made only on the\nbasis of Whatsapp Chats between the director of Shri Abhishek Kanodia\nand employee of the company. We note that apart from the Whatsapp\nChat there

S.K. DEVELOPMENT PVT. LTD., KOLKATA,KOLKATA vs. D.C.I.T., CIRCLE - 9(2), KOLKATA, KOLKATA

In the result, the appeal is allowed for statistical purposes

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2009-10

section 263 of the Act was passed on 22.03.2015, whereby the addition of ₹38,20,000/- was made on account of bogus purchases and the total income was assessed at ₹1,19,43,260

IDEAL UNEMPLOYED ENGINEERS CO-OPERATIVE SOCIETY LTD.,COOCHBIHAR vs. D.C.I.T., CIRCLE - 2, JALPAIGURI, JALPAIGURI

In the result, assessee’s appeal stands allowed

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Year :2010-11

260/- u/s 271(1)(c) of the Act is neither tenable in law nor in facts. 4. For that imposition of penalty at 200% is without basis, arbitrary and bad in law.” 3. Briefly stated facts are that assessee is a co-operative society and engaged in the business of contracting activity. During the course of assessment proceeding, Assessing Officer

DCIT, CIRCLE - 48, KOLKATA, KOLKATA vs. SANJAY JAISWAL, HOWRAH

In the result, the cross objection of the assessee is allowed , appeals of the assessee and revenue are dismissed as infructuous

Bench: : Shri N.V.Vasudevan & Shri M. Balaganesh

bogus purchases amounting to Rs. 42,81,239/-. The assessee contested the fresh assessment before the Learned CITA both on limitation as well as on merits. ITA Nos.1649/K/2010, CO No. 162/K/2010 2 & ITA No. 1676/K/2010 Sanjay Jaiswal-A-AM The preliminary objection raised by the assessee on limitation before the Learned CIT(A) was subjected to remand proceedings