DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. GOLDEN GOENKA CREDIT PRIVATE LIMITED , KOLKATA

In the result, the appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar (Accountant Member), Shri Pradip Kumar Choubey (Judicial Member)

548/- was made wherein Rs.49,04,77,417/- being in-genuine loan was added as unexplained cash credit u/s 68 of the Act and relatable interest of Rs. 61,97,131/- debited to Profit & Loss A/c was also disallowed. Further, the assessee challenged the said assessment order u/s 143(3) of the Act dated 22.03.2024 before the Hon’ble Calcutta

M/S. TEGA INDUSTRIES LIMITED,KOLKATA vs. D.C.I.T., CIRCLE-11(1), KOLKATA, KOLKATA

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Ble

548/- and addition of Rs.13,63,534/- towards corporate guarantee to Tega Chile. 7. Before us, the ld. Counsel for the assessee had made two fold contentions. Firstly, contending that the alleged transactions do not fall under the category of international transactions and, therefore, no TP adjustment was needed. Secondly, taking an alternative plea it is stated that even

HEM LATA JHUNJHUNWALA,KOLKATA vs. ACIT, CIR-11(2), KOLKATA. , KOLKATA

In the result, grounds taken by the assessee in this respect for AY 2011-12 are allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawal

capital gain etc. Return was originally filed u/s. 139(1) reporting total income of Rs.34,05,980/-. Subsequently, Ld. AO issued notice u/s. 148 dated 28.03.2018 by recording reasons to believe that information was received from DDIT (Inv.) Unit-3(1), Kolkata with regard to systematic evasion of taxes by clients/members of the National Multi Commodity Exchange (NMCE) during different

HEM LATA JHUNJHUNWALA ,KOLKATA vs. ACIT,CIR-11(2), KOLKATA. , KOLKATA

In the result, grounds taken by the assessee in this respect for AY 2011-12 are allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawal

capital gain etc. Return was originally filed u/s. 139(1) reporting total income of Rs.34,05,980/-. Subsequently, Ld. AO issued notice u/s. 148 dated 28.03.2018 by recording reasons to believe that information was received from DDIT (Inv.) Unit-3(1), Kolkata with regard to systematic evasion of taxes by clients/members of the National Multi Commodity Exchange (NMCE) during different

ITO, WD.9(1), KOLKATA vs. M/S MAHARAJ VINCOM PVT. LTD., KOLKATA

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A. No.35/Kol/2021 Assessment Year: 2009-10 Ito, Ward-9(1), Kolkata……………….......................…...……………....Appellant Vs. M/S Maharaj Vincom Pvt. Ltd……............…..........................…..…..... Respondent 69, Jamunalal Bajaj Street, Kolkata- 700007. [Pan: Aafcm6496E] C.O. No.6/Kol/2023 (A/O I.T.A. No.35/Kol/2021) Assessment Year: 2009-10 M/S Maharaj Vincom Pvt. Ltd……............…..........................…....... Cross-Objector 69, Jamunalal Bajaj Street, Kolkata- 700007. [Pan: Aafcm6496E] Vs Ito, Ward-9(1), Kolkata …………..….......................…...……………....Respondent Appearances By: Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Assessee. Shri Abhijit Kundu, Cit-Dr, Appeared On Behalf Of The Department. Date Of Concluding The Hearing : March 07, 2024 Date Of Pronouncing The Order : May 15, 2024 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: This Appeal By The Revenue & Corresponding Cross-Objection By The Assessee Have Been Preferred Against The Order Dated 08.09.2020 Of The Commissioner Of Income Tax (Appeals)-7, Kolkata (Hereinafter Referred To As The ‘Cit(A)’) Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’).

capital and share premium received by the assessee during the year under consideration. 3. Being aggrieved by the said order of the Assessing Officer, the assessee preferred appeal before the CIT(A), however, the ld. CIT(A) vide impugned order dated 08.09.2020 has deleted the additions so made by the Assessing Officer. 4. Being aggrieved by the said order