S.R.ENGINEERING CORPORATION,KOLKATA vs. I.T.O.,WARD-36(2), KOLKATA
In the result, all the four appeals of the assessee and both the appeals of the revenue are dismissed
ITA 1456/KOL/2019[2012-13]Status: DisposedITAT Kolkata22 Oct 2020AY 2012-13
Bench: Shri P.M. Jagtap, Hon’Ble(Kz) & S. S. Godara, Hon’Ble] [Through Virtual Court] I.T.A. Nos. 1455 To 1458 /Kol/2019 Assessment Year: 2011-12 To 2014-15 M/S. S.R. Engineering Corporation.................................................................................Appellant Stephen House, 6Th Floor, Room No. 101, 56E, Hemanta Basu Sarani, Kolkata – 700 001. [Pan: Absfs 6791 B] Vs Ito, Ward – 36(1), Kolkata...................…………………………………………………..........Respondent Kolkata – 700 069. & I.T.A. Nos. 1585 & 1586 /Kol/2019 Assessment Year: 2011-12 & 2012-13 Ito, Ward – 36(1), Kolkata...................…………………………………………………..............Appellant Kolkata – 700 069. Vs M/S. S.R. Engineering Corporation.............................................................................Respondent Stephen House, 6Th Floor, Room No. 101, 56E, Hemanta Basu Sarani, Kolkata – 700 001. [Pan: Absfs 6791 B] Appearances By: Shri Miraj D Shah, Ar Appearing On Behalf Of The Assessee. Shri Dhrubajyoti Ray, Jcit Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : October 08, 2020 Date Of Pronouncing The Order : October 22, 2020 Order Per P.M. Jagtap, Vice-(Kz)
Section 133ASection 139(1)Section 143(3)Section 147Section 148
bogus, the inevitable conclusion is that the said purchases would have been made by the assessee from grey market as agreed even by the Ld. CIT(A) in his impugned orders and since payments against the said purchases made from grey market must have been made in cash, the provisions of section 40A(3
