ITO, WARD - 11(3), , KOLKATA vs. M/S. LNB RENEWABLE ENERGY PVT. LTD., , KOLKATA

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

Bench: Sri Sanjay Garg & Dr. Manish Borad

144A of the Act dated 22.03.2016 by ld. AO to refer the matter immediately to the Valuation Officer u/s 142A of the Act. On 28.03.2016 the case was referred to the District Valuation Officer, but on 30.03.2016 reply was received from the Asst. Valuation Officer-6, Kolkata stating that the Valuation Officer deals only with immovable property

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

depreciation Addition on account of sundry Rs. 12,55,30,136/- creditors 3 Srimanta Kumar Shit Addition u/s 56(2)(vii)(b)(ii) of the Rs.29,68,865/- Act Addition on account of Fixed Rs.2,46,573/- deposit u/s 69A 6. Being aggrieved, the assessee filed an appeal before the Ld. CIT(A) on 30.01.2020 which was disposed

SREI EQUIPMENT FINANCE LIMITED,KOLKATA vs. PCIT-2, KOLKATA

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

Bench: Sri Sanjay Garg & Dr. Manish Borad

144A; (ii) an order made by the Joint Commissioner in exercise of the powers or in the performance of the functions of an Assessing Officer conferred on, or assigned to, him under the orders or directions issued by the Board or by the Chief Commissioner or Director General or Commissioner authorized by the Board in this behalf under section

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

depreciation) was required to be treated as unexplained expenditure and added back to total income. Omission to do so resulted in under assessment of income for Rs.67,85,064/- and short levy of demand for Rs.20,96,584/- (30% of Rs.67,85,064/- EC @ 3%) excluding interest. 2. The AO has passed the impugned assessment order without any application

WEST BENGAL HOUSING INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED,KOLKATA vs. PCIT-5, KOLKATA

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

Bench: Sri Rajpal Yadav & Dr. Manish Borad

144A; (ii) an order made by the Joint Commissioner in exercise of the powers or in the performance of the functions of an Assessing Officer conferred on, or assigned to, him under the orders or directions issued by the Board or by the Chief Commissioner or Director General or Commissioner authorized by the Board in this behalf under section

SPML INFRA LIMITED,NEW DELHI vs. PCIT-1 , KOLKATA

In the result, appeal filed by the assessee is allowed

Bench: Sri Sanjay Garg & Sri Manish Borad)

depreciation for the previous year 2016-17 that the assessee has shown deduction of building for Rs.11,88,80,047/-, furniture & fittings for Rs.28,53,143/-, Plant & Machinery, for Rs.10,000/- and Plant & Machinery for Rs.1,05,38,914/-totalling to Rs.13,22,82,104/-. In view of the aforesaid, it is clear that the assessee has not accounted

BRITANNIA INDUSTRIES LTD,BANGALORE vs. PCIT-1, KOLKATA

In the result, the appeal of the assessee is allowed

depreciation on scientific research assets (ii) assets written off & (iii) profit / loss on sale on assets debited in the Profit & Loss Account. Each of these items set out in Table 2 above aggregating to Rs. 91.93 Crores was added in the computation of income from business. Copy of the relevant page is enclosed as Annexure-2. Copy of the Computation

SMT. SWAPNA MANNA,PURBA MEDINIPUR vs. PR.CIT-9, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

144A of the Act may be invoked in suitable cases. To prevent possibility of fishing and roving enquiries in such cases, it is desirable 7 Smt. Swapna Manna, AY 2014-15 that these cases should invariably be picked up while conducting Review or inspection by the administrative authorities. 7. The above Instruction shall be applicable from the date