ACIT, CENTRAL CIRCLE - 2(3), KOLKATA , KOLKATA vs. KAMALESH AGARWAL, KOLKATA

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

purchases and sales are correctly recorded and the disclosure was made just to cover the papers and documents which he may not be able to explain. The assessee bifurcated his own disclosure of Rs.3.50 lakhs in respect to two parts, i.e. Rs.70,00,000 for the assessment year 2008-09 and Rs.2.80 lakhs for the assessment year

ACIT, CENTRAL CIRCLE - 2(3), KOLKATA , KOLKATA vs. SHRI MURARILAL AGARWAL, KOLKATA

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

purchases and sales are correctly recorded and the disclosure was made just to cover the papers and documents which he may not be able to explain. The assessee bifurcated his own disclosure of Rs.3.50 lakhs in respect to two parts, i.e. Rs.70,00,000 for the assessment year 2008-09 and Rs.2.80 lakhs for the assessment year

ACIT, CENTRAL CIRCLE-2(3), KOLKATA, KOLKATA vs. SHRI SANJAY DHINGRA, NEW DELHI

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

purchases and sales are correctly recorded and the disclosure was made just to cover the papers and documents which he may not be able to explain. The assessee bifurcated his own disclosure of Rs.3.50 lakhs in respect to two parts, i.e. Rs.70,00,000 for the assessment year 2008-09 and Rs.2.80 lakhs for the assessment year

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

undisclosed sales and consequently income of the assessee. The seized document has to be read and accepted as a whole and it is not permissible to pick and choose or make further estimates therefrom unless and until there are cogent evidences /materials in support the same. The case of the assessee finds support from the decision of Hon’ble Gujrat

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

undisclosed sales and consequently income of the assessee. The seized document has to be read and accepted as a whole and it is not permissible to pick and choose or make further estimates therefrom unless and until there are cogent evidences /materials in support the same. The case of the assessee finds support from the decision of Hon’ble Gujrat

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

undisclosed sales and consequently income of the assessee. The seized document has to be read and accepted as a whole and it is not permissible to pick and choose or make further estimates therefrom unless and until there are cogent evidences /materials in support the same. The case of the assessee finds support from the decision of Hon’ble Gujrat

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

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

undisclosed sales and consequently income of the assessee. The seized document has to be read and accepted as a whole and it is not permissible to pick and choose or make further estimates therefrom unless and until there are cogent evidences /materials in support the same. The case of the assessee finds support from the decision of Hon’ble Gujrat

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

undisclosed sales and consequently income of the assessee. The seized document has to be read and accepted as a whole and it is not permissible to pick and choose or make further estimates therefrom unless and until there are cogent evidences /materials in support the same. The case of the assessee finds support from the decision of Hon’ble Gujrat

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private

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

undisclosed purchase although there was no such\npurchases as contended in Grounds No. 6 to 11 above and it\nmay be held accordingly.\n14. For that in view of the facts and in the circumstances, the Ld.\nAO was wholly unjustified in making addition of Rs.,\n1,20,95,958/- [treating the purchases made from Reeja\nTrading Private