DCIT, CIRCLE - 11, KOLKATA, KOLKATA vs. M/S. XPRO INDIA LTD., KOLKATA

In the result, Revenue’s appeal stands dismissed

Bench: Shri N.V.Vasusdevan & Shri Waseem Ahmedassessment Year :2005-06

depreciable assets was adjusted with the WDV for the relevant block of assets. The profit arose on the transfer of net current assets, tax under the business head was offered. In view of above, the assessee submitted that the transaction of transfer of its undertaking was out of the purview of slump sale and consequently the provisions of Sec. 50B

M/S. KANORIA CHEMICALS & INDUSTRIES LTD., ,KOLKATA vs. ADDITIONAL CIT, RANGE - 10, KOLKATA

Bench: Shri Sanjay Garg & Dr. M.L.Meenaआयकर अपील सं.य/ Assessment Year:2012-13 बनाम / M/S. Kanoria Chemicals & Addl. Cit, Range-10, Industries Ltd Kolkata V/S. C/O Salapuria Jajodia & P-7 Chowringhee Co. 7 Chittaranjan Square, Kolkata-700 Avenue, Kolkata-72. 069. Pan: Aabck1291K अपीलाथ" /Appellant ""यथ" /Respondent .. आयकर अपील सं.य/ Assessment Year:2012-13 बनाम / Dcit, Circle-10 M/S. Kanoria P-7 Chowringhee Square, Chemicals & Industries V/S. 3Rd Kolkata-700 069, Limited, Park Plaza, 7Th Fl., 71 Park Street, Floor. Kolkata-700 016. अपीलाथ" /Appellant ""यथ" /Respondent ..

section 50B of the "Renukoot Unit" needs to be recomputed due to the adjustments in the costs of the corresponding Plant & Machinery of such unit in Assessment years 2008-09 to 2011-12 and in view of the facts and in the circumstances it may kindly be held accordingly. 4. For that in view of the facts

M/S AKZO NOBEL INDIA LTD. (FORMERLY KNOWN AS ICI INDIA LTD.),KOLKATA vs. THE DCIT, CIRCLE - 10, KOLKATA, KOLKATA

Bench: Shri M. Balaganesh, Am & Shri Partha Sarathi Chaudhury, Jm]

50B considering the decision of the Hon’ble ITAT in the assessee’s own case in ITA No.1020/Kol/2007 dated 29.02.2008 and concluded that the issue of determining opening WDV of Plant & Machinery is consequential to the order passed for AY 2006-07, whereas appeal against the decision of the CIT(A)in respect of issue of sale of rubber chemical

D.C.I.T CIR - 10,KOLKATA, KOLKATA vs. M/S ICI INDIA LTD, KOLKATA

Bench: Shri M. Balaganesh, Am & Shri Partha Sarathi Chaudhury, Jm]

50B considering the decision of the Hon’ble ITAT in the assessee’s own case in ITA No.1020/Kol/2007 dated 29.02.2008 and concluded that the issue of determining opening WDV of Plant & Machinery is consequential to the order passed for AY 2006-07, whereas appeal against the decision of the CIT(A)in respect of issue of sale of rubber chemical