ANJALI JEWELLERS,KOLKATA vs. PCIT, CENTRAL-1, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri P. M. Jagtap(Kz) & Shri A. T. Varkey]

53A of the Act. Section 153A of the Act, uses the expressing "pending assessment or reassessment". When a return is filed and acknowledgement or intimation issued u/s. 143(1), the proceedings initiated by filing the return are closed, unless a notice u/s 143(2) of the Act is issued. In the present case, the period for issuing the notice

DCIT, CIR-8(1), KOLKATA, KOLKATA vs. M/S MAPEX INFRASTRUCTURE PVT LTD., KOLKATA

In the result, the appeal filed by the revenue is dismissed

Bench: : Shri P.M. Jagtap & Shri S.S.Viswanethra Ravi

Section 32 of the Act has accepted the legal principle but unfortunately while granting relief as rightly pointed out by Mr. Khaitan has not allowed the setting off of the interest income as regard the aforesaid amount of depreciation. We therefore allow this appeal and set aside the judgment and order of the authorities below. We direct

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), KOLKATA, KOLKATA vs. EMAS EXPRESSWAY PRIVATE LIMITED, KOLKATA

In the result, the appeal filed by the Revenue is hereby dismissed

Bench: SHRI PRADIP KUMAR CHOUBEY, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

53A, Mirza Galib Street, 2nd Floor, Kolkata - 700016 [PAN: AAACE9530E] ..…................................ Respondent Appearances by: Assessee represented by : Vishal Jain, AR Department represented by : P.N. Barnwal, CIT-DR Date of concluding the hearing : 29.01.2025 Date of pronouncing the order : 03.03.2025 O R D E R PER SANJAY AWASTHI, ACCOUNTANT MEMBER: 1. In this case, the ITAT Registry has informed that there

M/S. MANGILALL ESTATES (P) LTD.,KOLKATA vs. DCIT, CC-1(3), KOLKATA, KOLKATA

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year:2012-13

53A of Transfer of Property Act. 3. That the Ld. CIT(A) erred in not appreciating the fact that section 50C is not applicable in the case of appellant as the agreement to sell was entered into prior to introduction of section 50C in statute. 4. That the Ld. CIT(A) erred in not accepting the plea of the appellant