GUNJA SAMABAY KRISHI UNNAYAN SAMITY LTD,PURULIA vs. PCIT,, ASANSOL

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T Varkey & Shri Girish Agrawalassessment Year: 2016-17 Gunja Samabay Krishi Pcit, Asansol Unnayan Samity Ltd. Vill. Gunja, Golbera, P.S. Vs. Joypur, Dist. Purulia, Pin. 723103 Pan: Aabag 2110 M (Appellant) (Respondent)

L A/C under the head " Int. received & receivable which includes interest income amounting to Rs. 39,44,212/- as detailed below:- Sl. No. Name of Types of Amount of Interest institution deposit deposit earned 1 IDBI Bank FD 5000000 588500 2

DCIT, CIRCLE - 5(1), KOLKATA, KOLKATA vs. M/S. COAL INDIA LIMITED , KOLKATA

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

L account which can be attributed to earning the exempt income. This lack of objective foundation renders the invocation of Rule 8D untenable in law. The Ld. AO's generalised statement is especially misplaced in the case of Coal India Ltd., a Public Sector Undertaking. Investment decisions of the Appellant are made at the behest and direction of the Central

DCIT, CIR-5(1), , KOLKATA vs. M/S COAL INDIA LTD., KOLKATA

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

L account which can be attributed to earning the exempt income. This lack of objective foundation renders the invocation of Rule 8D untenable in law. The Ld. AO's generalised statement is especially misplaced in the case of Coal India Ltd., a Public Sector Undertaking. Investment decisions of the Appellant are made at the behest and direction of the Central

M/S COAL INDIA LTD.,KOLKATA vs. DCIT, CIR-5(1), , KOLKATA

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

L account which can be attributed to earning the exempt income. This lack of objective foundation renders the invocation of Rule 8D untenable in law. The Ld. AO's generalised statement is especially misplaced in the case of Coal India Ltd., a Public Sector Undertaking. Investment decisions of the Appellant are made at the behest and direction of the Central

BARDHAMAN DISHARI SHRAMIK O JANAALYAN SAMABAY SAMITY LIMITED,BURDWAN vs. A.C.I.T., CIRCLE - 1, BURDWAN, BURDWAN

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

Bench: Shri Rajesh Kumar&Shri Pradip Kumar Choubey]

gain on sale of land purchased in the year 2000. But it has not been able to explain the claim of deduction of capital reserve. Copy of agreement for purchase of land during the year under consideration has also not been furnished in spite of repeated requests and notices. 3.1 A neither before the Ld. CIT, Burdwan nor before