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

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

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

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

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

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, 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

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

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

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-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

undisclosed sales and consequently income of the\nassessee. The seized document has to be read and accepted as a\nwhole and it is not permissible to pick and choose or make further\nestimates therefrom unless and until there are cogent evidences\n/materials in support the same. The case of the assessee finds\nsupport 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

undisclosed sales and consequently income of the\nassessee. The seized document has to be read and accepted as a\nwhole and it is not permissible to pick and choose or make further\nestimates therefrom unless and until there are cogent evidences\n/materials in support the same. The case of the assessee finds\nsupport 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

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