EVEREST FINANCE & INVESTMENT COMPANY,KOLKATA vs. JCIT, RANGE-34, KOLKATA, KOLKATA
In the result, the appeals filed by the assessee (Ground No
ITA 2056/KOL/2014[2011-2012]Status: DisposedITAT Kolkata11 Oct 2017AY 2011-2012
Bench: Shri N.V. Vasudevan, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.2056/Kol/2014 (िनधा"रणवष" / Assessment Year: 2011-12 Everest Finance & Investment Vs. J.C.I.T, Range - 34,Kolkata Co. M/S. G.P. Agarwal & Associates, 7A, K.S.Ray Road, 2Nd Floor, Kol - 1. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabfe7233Q (Appellant) .. (Respondent) Appellantby :Shri S.S Gupta & Arvind Agarwal, Advocate Respondentby :Shri G. Mallikarjuna, Cit Dr सुनवाईकीतारीख/ Date Of Hearing : 12/07/2017 घोषणाकीतारीख/Date Of Pronouncement : 11/10/2017 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am: The Captioned Appeal Filed By The Assessee, Pertaining To Assessment Year 2011-12, Is Directed Against The Order Passed By The Ld. Commissioner Of Income Tax (Appeals)-Xx, Kolkata, In Appeal No.232/Cit(A)-Xx/Range-34/2013-14/Kol, Dated 10.07.2014, Which In Turn Arises Out Of An Order Passed By The Assessing Officer U/S.143(3) Of The Income Tax Act 1961, (Hereinafter Referred To As The ‘Act’), Dated 24.01.2014. 2. The Grounds Of Appeal Raised By The Assessee Reads As Under:
For Appellant: Shri S.S Gupta & Arvind Agarwal, AdvocateFor Respondent: Shri G. Mallikarjuna, CIT DR
Section 143(3)
capital gain income of Rs.1,95,94,294/- as income under the head, Profit & Gains from business, and his such
