MR SUNIL KR. SAHA,KOLKATA vs. ITO, WD-55(1), KOLKATA, LUCKNOW

In the result, the appeal of assessee is allowed

Bench: Shri Mahavir Singh, Jm]

condone the delay and admit the appeal. 3. The first issue in this appeal of assessee is against the order of CIT(A) confirming the reopening of assessment u/s. 147 of the Act. Briefly stated facts are that the return of income by the assessee for AY 2004-05 was filed and return was processed

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), KOLKATA, KOLKATA vs. BRITANNIA INDUSTRIES LIMITED, KOLKATA

In the result, the appeal of the revenue is partly allowed

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. No.888/Kol/2023 Assessment Year: 2018-19 Assistant Commissioner Of Income-Tax, ………. Appellant Circle-7(1), Kolkata. Vs. Britannia Industries Ltd. (Pan: Aabcb2066P) …………….. Respondent Appearances By: Shri Abhijit Kundu, Cit (Dr) Appeared For Appellant Shri Akkal Dudhewala, Fca Appeared For Respondent . Date Of Concluding The Hearing : 19.12.2023 Date Of Pronouncing The Order : 26.02.2024 Order Per Manish Borad: This Appeal Filed By The Revenue Pertaining To The Assessment Year (In Short “Ay”) 2018-19 Is Directed Against The Order Passed U/S 250 Of The Income Tax Act, 1961 In Short The “Act”) By Ld. Commissioner Of Income-Tax, Nfac, Delhi [In Short Ld. “Cit(A)”] Dated 24.03.2023 Arising Out Of The Assessment Order Framed U/S 143(3) Read With Sections 143(3A) & 143(3B) Of The Act By Ao, Income Tax Department, National E-Assessment Centre, Delhi Dated 22.03.2021. 2. There Is A Delay Of 93 Days In Filing The Instant Appeal. An Application For Condonation Of Delay Has Been Filed By The Revenue Which Is Placed On Record. After Perusal Of The Same, We Notice That I.T.A. No. 888/Kol/2023 A Y: 2018-19, Britannia Industries Ltd. Though The Impugned Order Was Passed On 24.03.2023 But The Same Was Received In The Office Of The Ld. Cit(A), Kolkata On 04.08.2023 To This Effect A Certificate Is Filed By The Revenue Authorities. Considering This To Be Reasonable Cause & In The Larger Interest Of Justice, We Condone The Delay & Admit The Appeal For Adjudication.

sections 143(3A) & 143(3B) of the Act by AO, Income Tax Department, National e-Assessment Centre, Delhi dated 22.03.2021. 2. There is a delay of 93 days in filing the instant appeal. An application for condonation of delay has been filed by the revenue which is placed on record. After perusal of the same, we notice that I.T.A

M/S. EASTWOOD CHARITABLE SOCIETY,KOLKATA vs. DCIT (EXEMPTIONS) KOLKATA, KOLKATA

In the result both the appeals of the assessee are allowed for statistical purposes

Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.1775 & 1776/Kol/2017 M/S. Eastwood Charitable Vs. Dcit(Exemp.), Kolkata Society 7A, Bentick Street, New Wing, 3Rd Aayakar Bhawan, P-7, Chowringhee Square, Kolkata – 700 069. Floor, Room No.302, Kolkata – 1. "थायीलेखासं./जीआइआरसं./Pan/Gir No. :Aaaae 8178 L (Appellant) .. (Respondent)

7A, Bentick Street, New Wing, 3rd Aayakar Bhawan, P-7, Chowringhee Square, Kolkata – 700 069. Floor, Room No.302, Kolkata – 1. "थायीलेखासं./जीआइआरसं./PAN/GIR No. :AAAAE 8178 L (Appellant) .. (Respondent) Appellant by :Shri Rajeeva Kumar, Advocate Respondent by :Shri Md. Usman, CIT(DR) सुनवाईक"तार"ख/ Date of Hearing : 17/05/2018 घोषणाक"तार"ख/Date of Pronouncement : 30/05/2018 आदेश

M/S. EASTWOOD CHARITABLE SOCIETY,KOLKATA vs. DCIT (EXEMPTIONS) KOLKATA, KOLKATA

In the result both the appeals of the assessee are allowed for statistical purposes

Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.1775 & 1776/Kol/2017 M/S. Eastwood Charitable Vs. Dcit(Exemp.), Kolkata Society 7A, Bentick Street, New Wing, 3Rd Aayakar Bhawan, P-7, Chowringhee Square, Kolkata – 700 069. Floor, Room No.302, Kolkata – 1. "थायीलेखासं./जीआइआरसं./Pan/Gir No. :Aaaae 8178 L (Appellant) .. (Respondent)

7A, Bentick Street, New Wing, 3rd Aayakar Bhawan, P-7, Chowringhee Square, Kolkata – 700 069. Floor, Room No.302, Kolkata – 1. "थायीलेखासं./जीआइआरसं./PAN/GIR No. :AAAAE 8178 L (Appellant) .. (Respondent) Appellant by :Shri Rajeeva Kumar, Advocate Respondent by :Shri Md. Usman, CIT(DR) सुनवाईक"तार"ख/ Date of Hearing : 17/05/2018 घोषणाक"तार"ख/Date of Pronouncement : 30/05/2018 आदेश

AHW STEEL LTD.,KOLKATA vs. ACIT- RG-3, KOLKATA, KOLKATA

In the result, assessee’s appeal stands allowed

Bench: Shri Waseem Ahmed & Shri Partha Sarathi Chowdhuryassessment Year:2009-10

condone the delay and proceed to dispose of this appeal of the assessee on merit. 3. The only inter-connected issue raised by assessee in this appeal is that Ld. CIT(A) erred in confirming the addition by sustaining the disallowance of deduction claimed u/s 80-IA of the Act for ₹87 lacs. 4. Briefly stated facts are that assessee

M/S. AMRITLAXMI BUSINESS PVT. LTD., ,KOLKATA vs. ITO, TECH - 2, KOLKATA , KOLKATA

In the result, appeal of the assessee is allowed in part

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravi) Assessment Year: 2012-13 M/S. Amritlaxmi Business Pvt. Ltd….……...........…………..……………….…...……..….…….......Appellant C/O Mukesh I Gupta & Co. 7A, Bentinck Street 2Nd Floor Old Wing Kolkata – 700 001 [Pan : Aakca 3697 C] Vs. Income Tax Officer, Tech-2, Kolkata.……......…………………………………..………….…............Respondent

delay is condoned and appeal admitted. 3. The assessee is a company and during the previous year it has raised share capital amounting to Rs. 3,71,00,000/-, the breakup of which is share capital of Rs. 21,70,000/- and share premium of Rs. 3,49,30,000/-. The assessing officer made an addition

DARS BUSINESS FINANCE PVT. LTD.,KOLKATA vs. DCIT, CIR-8, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

Section 271(1)(c) in the printed form without specifically mentioning whether the proceedings are initiated on the ground of concealment of income or on account of furnishing of inaccurate particulars is valid and legal? 2. Whether the proceedings initiated by the Assessing Authority was legal and valid? The Hon’ble Karnataka High Court held in the negative and against

M/S FAST CAPITAL MARKETS LTD,KOLKATA vs. ITO, WD.12(3), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

Section 271(1)(c) in the printed form without specifically mentioning whether the proceedings are initiated on the ground of concealment of income or on account of furnishing of inaccurate particulars is valid and legal? 2. Whether the proceedings initiated by the Assessing Authority was legal and valid? The Hon’ble Karnataka High Court held in the negative and against