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

1. On the facts and in the circumstance of the case and in law, Ld. CIT(A) erred in deleting the Capital Gain amounting to Rs.10,92,09,696/- u/s 50B of the IT Act treating the transfer slump sale as per provision of section 2(42C) of the IT Act. ITA No.214/Kol/2011 A.Y. 2005-06 DCIT

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]

1 to section 2(19AA) of the Act and the transfer of the undertaking was on slump sale to another company, the same would have to be treated as slump sale of undertaking u/s 50B of the Act. It was pleaded that the shareholding of 49% by the assessee in the Joint Venture company to which the undertaking has been

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]

1 to section 2(19AA) of the Act and the transfer of the undertaking was on slump sale to another company, the same would have to be treated as slump sale of undertaking u/s 50B of the Act. It was pleaded that the shareholding of 49% by the assessee in the Joint Venture company to which the undertaking has been

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 ..

1, above, the Ld CIT(A) erred in not appreciating the, fact that the sum of Rs. 59,91,093/- was considered as income in the preceding years and hence it is allowable as bad debts being written off and in view of the facts and in the circumstances it may kindly be held accordingly. 3. For that in view