ESSEL MINING & INDUSTRIES LIMITED,KOLKATA vs. DCIT, CIRCLE-5, KOLKATA, KOLKATA

In the result, the appeals filed by the Revenue are dismissed and appeals filed by the Assessee are partly allowed

Bench: SHRI SANJAY GARG, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

disallowance of penalty expenditure of Rs.16,13,694/- was not warranted ignoring the fact that such penalty was on account

DCIT CEN CIR 1(4), MUMBAI vs. ESSEL MINING & INDUSTRIES LTD, KOLKATTA

In the result, the appeals filed by the Revenue are dismissed and appeals filed by the Assessee are partly allowed

Bench: SHRI SANJAY GARG, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

disallowance of penalty expenditure of Rs.16,13,694/- was not warranted ignoring the fact that such penalty was on account

ESSEL MINING & INDUSTRIES LIMITED,KOLKATTA vs. DCIT CENTRAL CIRCLE - 1(4), MUMBAI, MUMBAI

In the result, the appeals filed by the Revenue are dismissed and appeals filed by the Assessee are partly allowed

Bench: SHRI SANJAY GARG, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

disallowance of penalty expenditure of Rs.16,13,694/- was not warranted ignoring the fact that such penalty was on account

DCIT, CIR-22, KOLKATA, KOLKATA vs. SHRI DILIP CHAND KANKARIA, KOLKATA

In the result, the appeal of the revenue is dismissed

Bench: Shri P.M. Jagtap, Am & Shri S.S. Viswanethra Ravi, Jm] I.T.A. No. 650/Kol/2017 Assessment Year: 2012-13 Dcit Cir 22 Kolkata..............................…………………………......................................Appellant 54/1, Rafi Ahmed Kidwai Road, 4Th Floor, Kolkata – 700 016 Shri Dilip Chand Kankaria...................…………………………………………….........Respondent 87, Lenin Sarani, Kolkata – 700 013 [Pan: Ajxpk 5793 Q] Appearances By: Shri A. Bhattacharjee, Addl. Cit Appearing On Behalf Of The Revenue. Shri Subash Agarwal, Advocate Appearing On Behalf Of The Assessee Date Of Concluding The Hearing : April 10, 2018 Date Of Pronouncing The Order : April 13, 2018 Order Per P.M. Jagtap, Am This Appeal Is Preferred By The Revenue Against The Order Of Ld. Cit(Appeals) – 6, Kolkata Dated 24.01.2017 Whereby He Cancelled The Penalty Of Rs. 45,02,635/- Imposed By The A.O. Under Section 271(1)(C) Of The Income Tax Act, 1961. 2. The Assessee In The Present Case Is An Individual Who Is Engaged In The Business Of Film Exhibition, Investments & Trading In Shares & Running A Service Centre. The Return Of Income For The Year Under Consideration Was Filed By Him On 29.09.2012 Declaring A Loss Of Rs. 2,09,71,354/-. In The Assessment Completed Under Section 143(3) Vide An Order Dated 30.03.2015, The Total Income Of The Assessee Was Determined By The A.O. At A Loss Of Rs. 56,76,140/- After Making Additions Of Rs. 33,96,435/- & Rs. 1,16,91,865/- On Account Of 2 I.T.A. No. 650/Kol/2017 Assessment Year: 2012-13 Shri Dilip Chand Kankaria

penalty for furnishing inaccurate particulars of income is even higher. Further, the disallowance is only an estimated disallowance, as an ad hoc 50% disallowance

BMW INDUSTRIES LIMITED,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(1),, KOLKATA

In the result, all the three appeals of the assessee are allowed

disallowing the exemption, penalty cannot be imposed. The penalty levied stands set aside.\"\nThe situation in the present case is still

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

Penalty was levied by the NaFAC on the basis of several additions and disallowances including the disallowance of Rs.16,64,44,000 being

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

Penalty was levied by the NaFAC on the basis of several additions and disallowances including the disallowance of Rs.16,64,44,000 being

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

Penalty was levied by the NaFAC on the basis of several additions and disallowances including the disallowance of Rs.16,64,44,000 being

AKRAM HOSSAIN MULLICK,HOWRAH vs. ACIT, KOLKATA

In the result, appeal of the assessee is partly allowed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

penalty on the component of disallowance relating to excess evaporation loss. In respect of penalty on the other disallowances, we do not find

M/S SALARPURIA PROPERTIES PVT LTD.,KOLKATA vs. A.C.I.T.,CC-3(2), KOLKATA

Bench: Sri Sanjay Garg & Sri Manish Borad)

disallowance of penalty on sales tax at Rs.34,352/- and, therefore, the said disallowance is confirmed. Remaining amount is interest

A.C.I.T.,CIRCLE-3(2), KOLKATA vs. M/S SALARPURIA PROPERTIES PVT. LTD., KOLKATA

Bench: Sri Sanjay Garg & Sri Manish Borad)

disallowance of penalty on sales tax at Rs.34,352/- and, therefore, the said disallowance is confirmed. Remaining amount is interest

CARBON FINANCE LTD.,KOLKATA vs. ITO, WD-8(2), KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed

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

penalty proceedings against following disallowances made vide order u/s. 143(3) of the Act: (i) Disallowance u/s. 14A of the Act to the tune

DCIT, CIRCLE - 12(1), KOLKATA, KOLKATA vs. M/S. AMRI HOSPITALS LTD., KOLKATA

In the result, the appeal filed by the Revenue is partly allowed for statistical purposes

Bench: Dr. Manish Borad & Sri Sonjoy Sarma

penalty and therefore, disallowable u/s 37(1) of the Act and secondly, the said amount is not of revenue in nature

DCIT, CIR-11(1), KOLKATA, KOLKATA vs. M/S. EMAMI BIOTECH LTD., KOLKATA

In the result, both the appeals of the Revenue are dismissed

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

disallowed penalty of Rs.78/-. The same has already been offered to tax by assessee. The remaining part is interest of Rs.10

DCIT, CIR-11(1), KOLKATA, KOLKATA vs. M/S. EMAMI BIOTECH LTD., KOLKATA

In the result, both the appeals of the Revenue are dismissed

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

disallowed penalty of Rs.78/-. The same has already been offered to tax by assessee. The remaining part is interest of Rs.10

THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 3(2), GANGTOK, GANGTOK SIKKIM vs. SIKKIM STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LIMITED , GANGTOK SIKKIM

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

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

penalty under section 270A for under reporting of income, in respect of this disallowance, cannot be sustained. ii) Disallowance of claim

SRI DEO KUMAR SARAF,KOLKATA vs. ACIT, CIRCLE-49, KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed

Bench: Shri Mahavir Singh, Jm & Shri Waseem Ahmed, Am]

disallowing the exemption, penalty cannot be imposed. The penalty levied stands set aside.” The situation in the present case is still

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. CITY ALLOYS PRIVATE LIMITED, BARDHAMAN

The appeal of the revenue is allowed for statistical purposes

Bench: the Hon'ble ITAT, Kolkata received on 02.05.2024. 29.04.2024 Approval for filing further appeal before the Hon'ble ITAT, Kolkata received on 02.05.2024. 30.04.2024 Approval for filing further appeal before the Hon'ble ITAT, Kolkata received on 02.05.2024. 01.05.2024 Approval for filing further appeal before the Hon'ble ITAT, Kolkata received on 02.05.2024. 02.05.2024 Approval for filing further appeal before the Hon'ble ITAT, Kolkata received. Necessary papers/documents for filing appeal be

Disallowance of penalty etc. Rs. 2,88,641/- Disallowance u/s 14A Rs. 10,145/- 2.2 Aggrieved with this action, the assessee