JALUIDANGA PASCHIM NASARATPUR SAMABY KRISHI UNNAYAN SAMITY LIMITED,BARDHAMAN, WEST BENGAL vs. INCOME TAX OPPFICER, WARD-1(3), BURDWAN

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

deposits from its members and provides various loans to its members. The 2 whole of the profits and gains attributable for carrying on the business banking / providing credit facilities to its members are deductable under section 80P(2)(a)(i) of the Income Tax Act 1961. Your appellant society purchases fertilizers, seeds, in order to supply to the members

THE BANK OF TOKYO-MITSUBISHI LIMITED,KOLKATA vs. ADIT, INT. TAX., KOLKATA

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

Bench: SHRI SATBEER SINGH GODARA (Judicial Member), SHRI S. RIFAUR RAHMAN (Accountant Member)

deposits from its members and provides various loans to its members. The 2 whole of the profits and gains attributable for carrying on the business banking / providing credit facilities to its members are deductable under section 80P(2)(a)(i) of the Income Tax Act 1961. Your appellant society purchases fertilizers, seeds, in order to supply to the members

EIH LIMITED ,KOLKATA vs. DCIT, NFAC, DELHI

In the result, both the appeals of the assessee are partly allowed

Bench: SHRI RAJPAL YADAV, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

cash deposits made during demonetisation period. These additions have been challenged through the following grounds of appeal.: “1. FOR THAT the Dispute Resolution Panel (hereinafter referred to as "the DRP") erred in confirming the transaction of corporate guarantee extended by the Appellant to EIH Flight Services Ltd. Mauritius, (hereinafter referred to as "the AE") as international transaction without appreciating that

EIH LIMITED,KOLKATA vs. D.C.I.T., INCOME TAX DEPARTMENT, NFAC, DELHI, KOLKATA

In the result, both the appeals of the assessee are partly allowed

Bench: SHRI RAJPAL YADAV, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

cash deposits made during demonetisation period. These additions have been challenged through the following grounds of appeal.: “1. FOR THAT the Dispute Resolution Panel (hereinafter referred to as "the DRP") erred in confirming the transaction of corporate guarantee extended by the Appellant to EIH Flight Services Ltd. Mauritius, (hereinafter referred to as "the AE") as international transaction without appreciating that

SRIMANTA KUMAR SHIT,PURBA MEDINAPORE vs. A.C.I.T., CIRCLE - 27(2), HALDIA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Vice- & Shri Rajesh Kumari.T.A. No. 1911/Kol/2024 Assessment Year: 2017-2018 Srimanta Kumar Shit,………………...…………Appellant Rangamalaput, Junput-Contai, Purba Medinapore-721450, West Bengal [Pan:Bffps3635Q] -Vs.- Assistant Commissioner Of Income Tax..…Respondent Circle-27(2), Haldia, Basudebpur, Talpukur, Khanjan Chak, Haldia, Midnapore-721101, W.B. Appearances By: Shri S.K. Tulsiyan, Advocate & Lata Goyal, Ca, Appeared On Behalf Of The Assessee Shri Subhendu Datta, Cit, D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : October 22, 2024 Date Of Pronouncing The Order : November 19, 2024 O R D E R

cash deposit made by the assessee. The reply was duly received by the Ld.AO from the banks and the transactions were duly examined. 5. Thereafter, the assessment order u/s 143(3) of the Act read with section 144 of the Act was passed on 30.12.2019 making the following disallowances/additions: Disallowance of Trawler related Rs.1,14,97,589/- expenses and depreciation

M/S CHOTANAGPUR PETROLEUM AGENCY,KOLKATA vs. PCIT-1, KOLKATA

In the result, the appeal filed by the assessee is allowed

Bench: Sri Rajpal Yadav & Dr. Manish Borad

deposits from 01.04.2016 to 08.11.2016 that cash expenses was made by the assessee amounting to Rs.92,52,023/-. On further analysis of the items of balance sheet and P/L account for F.Y.2016-17, it was noticed that there was no such item on which the mentioned expenditure was incurred. Therefore, expenses amounting to Rs.67,85,064/- (Rs.92,52,023 - Rs.24

RAJYADHARPARA CHANDPUR SAMABAY KRISHI UNNAYAN SAMITY LIMITED,PURBA BARDHAMAN vs. ITO, WARD - 2(4), BURDWAN

In the result, appeal of the assessee is allowed

Bench: SHRI GEORGE MATHAN (Judicial Member)

Depreciation Allowable as per the 77,3687- Act 17,68,0777- Add : Disallowable Expenditures and Provisional Expenses P.P. Contribution 24,636/- Provision for Bad & Doubtful Debts 1,50,847/- Provision for Gratuity 1,99,720/- Sine Board Writing Expenditure 3000/- 3,78,2037- 21,46,2807- Less : Interest on deposit to be considered 68,61,9647- under Income from Other

SHRI RAKESH KUMAR CHAUDHARY,DURGAPUR vs. ACIT, CIR-DURGAPUR, DURGAPUR

Bench: Shri S.S.Godara & Dr. A.L. Saini

deposits which were either shown in earlier years as income or the same were capital receipt and that to match the same 'auditor booked expenses in the name of Mr. Amalesh Thakur which was bogus. It is further evident from the record of the appellant that the receipt declared in the last year of P&L A/c to the extent

ACIT, CIR-1, DURGAPUR, DURGAPUR vs. SHRI RAKESH KUMAR CHOWDHURY, DURGAPUR

Bench: Shri S.S.Godara & Dr. A.L. Saini

deposits which were either shown in earlier years as income or the same were capital receipt and that to match the same 'auditor booked expenses in the name of Mr. Amalesh Thakur which was bogus. It is further evident from the record of the appellant that the receipt declared in the last year of P&L A/c to the extent

BISWANATH AGARWALA,KOLKATA vs. ACIT, CIR-43, KOLKATA, KOLKATA

In the result, Grounds No

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Year:2011-12

deposited cash with the assessee for the purpose of verification. Accordingly the AO was of the view that the assessee has routed its own money into the business in the form of cash credit. Thus the AO treated the same as unexplained cash credit under section 68 of the Act. The view taken by the AO was subsequently confirmed

D.C.I.T.,CIRCLE-6(1), KOLKATA vs. M/S G.K.ISPAT PRIVATE LIMITED , KOLKATA

In the result, the appeals of the revenue are dismissed and the cross objection of the different assessees are also dismissed

Bench: Shri Sanjay Garg & Shri Rajesh Kumar] "ी संजय गग" "या"यक सद"य एवं "ी राजेश कुमार, लेखा सद"य के सम"

depreciation allowance or any other allowance as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year); A bare reading of the foregoing provision suggests that if the assessing officer has the reason to believe that any income chargeable to tax has escaped assessment

DCIT, CIRCLE - 6(1), KOLKATA , KOLKATA vs. M/S. GAURAV ROSE REAL ESTATE PVT. LTD., , KOLKATA

In the result, the appeals of the revenue are dismissed and the cross objection of the different assessees are also dismissed

Bench: Shri Sanjay Garg & Shri Rajesh Kumar] "ी संजय गग" "या"यक सद"य एवं "ी राजेश कुमार, लेखा सद"य के सम"

depreciation allowance or any other allowance as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year); A bare reading of the foregoing provision suggests that if the assessing officer has the reason to believe that any income chargeable to tax has escaped assessment

DCIT, CIRCLE - 4(2), KOLKATA, KOLKATA vs. M/S SUDARSHAN PAPER & BOARD PVT. LTD., KOLKATA

In the result, both the appeals filed by the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri Aby T. Varkey, Hon’Ble) Assessment Year: 2013-14 Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.................................................Appellant Vs. M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................…………………........Respondent 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F] C.O. No. 33/Kol/2018 Assessment Year: 2013-14 M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................………………….............Appellant 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F] Vs. Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.............................................Respondent Assessment Year: 2014-15 Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.................................................Appellant Vs. M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................…………………........Respondent 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F]

cash deposits in bank, were recorded in the regular books of accounts and the details of the same furnished to were recorded in the regular books of accounts and the details of the same furnished to were recorded in the regular books of accounts and the details of the same furnished to the Assessing Officer. As these deposits are part

DCIT, CIRCLE - 4(2), KOLKATA, KOLKATA vs. M/S SUDARSHAN PAPER & BOARD PVT. LTD., KOLKATA

In the result, both the appeals filed by the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri Aby T. Varkey, Hon’Ble) Assessment Year: 2013-14 Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.................................................Appellant Vs. M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................…………………........Respondent 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F] C.O. No. 33/Kol/2018 Assessment Year: 2013-14 M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................………………….............Appellant 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F] Vs. Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.............................................Respondent Assessment Year: 2014-15 Deputy Commissioner Of Income Tax, Circle-4(2), Kolkata.................................................Appellant Vs. M/S. Sudarshan Paper & Board Pvt. Ltd….......……….............................…………………........Respondent 27, Brabourne Road Room No. 311 Kolkata – 700 001 [Pan : Aahcs 1241 F]

cash deposits in bank, were recorded in the regular books of accounts and the details of the same furnished to were recorded in the regular books of accounts and the details of the same furnished to were recorded in the regular books of accounts and the details of the same furnished to the Assessing Officer. As these deposits are part

ACIT, CIRCLE - 7, KOLKATA vs. HUTCHISON TELECOM EAST LIMITED, KOLKATA

343/K/2009 04-05 Revenue dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

cash loss and depreciation loss needs to be worked out and reviewed and accordingly the understanding of the Learned AO that such loss once adjusted in earlier year is no longer available for set off is misconceived. Hence we do not find any infirmity in the order of the Learned CIT(A) in this regard. The Ground No.2 raised

M/S. VODAFONE ESSAR EAST LTD.,KOLKATA vs. JCIT, RANGE - 7, KOLKATA

343/K/2009 04-05 Revenue dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

cash loss and depreciation loss needs to be worked out and reviewed and accordingly the understanding of the Learned AO that such loss once adjusted in earlier year is no longer available for set off is misconceived. Hence we do not find any infirmity in the order of the Learned CIT(A) in this regard. The Ground No.2 raised

M/S. VODAFONE ESSAR EAST LIMITED,KOLKATA vs. ACIT, CIRCLE - 7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

cash loss and depreciation loss needs to be worked out and reviewed and accordingly the understanding of the Learned AO that such loss once adjusted in earlier year is no longer available for set off is misconceived. Hence we do not find any infirmity in the order of the Learned CIT(A) in this regard. The Ground No.2 raised

M/S. VODAFONE ESSAR EAST LTD.,KOLKATA vs. ADDL. CIT, RANGE - 7, KOLKATA

343/K/2009 04-05 Revenue dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

cash loss and depreciation loss needs to be worked out and reviewed and accordingly the understanding of the Learned AO that such loss once adjusted in earlier year is no longer available for set off is misconceived. Hence we do not find any infirmity in the order of the Learned CIT(A) in this regard. The Ground No.2 raised