LMJ INTERNATIONAL LTD.,KOLKATA vs. D.C.I.T CIR - 8,KOLKATA, KOLKATA

In the result, the appeal of the Revenue is dismissed, while the appeal of the assessee is treated as partly allowed for statistical purposes

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

disallowed the deduction claimed by the assessee under section 80IA(4) in respect of profits derived from its warehouses. 4. As regards the claim of the assessee for deduction under section 80IB(11A

ITO, WD-1(3), KOLKATA, KOLKATA vs. M/S RAVLON PROPERTIES (P) LTD., 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. 1458/Kol/2014 Assessment Year: 2010-11 I.T.O. Ward 1(3) Kolkata .............................…………………………......................Appellant Room No. 11A, 4Th Floor, Aayakr Bhawan, P-7, Chowringhee Square, Kolkata - 700069 M/S. Ravlon Properties (P) Ltd.……………………………………………….........Respondent 35, C.R. Avenue, 2Nd Floor, Kolkata – 12. [Pan: Aaccr3164P] Appearances By: Shri P.B. Pramanick, Addl. Cit Appearing On Behalf Of The Revenue. Shri A.K. Tulsyan, Fca Appearing On Behalf Of The Assessee. Date Of Concluding The Hearing : August 28, 2017 Date Of Pronouncing The Order : October 06, 2017 Order Per P.M. Jagtap, Am This Appeal Is Preferred By The Revenue Against The Order Of Ld. Cit (A) – 1, Kolkata Dated 26.02.2014 On The Following Grounds: I. That On The Facts & Circumstances Of The Case, The Ld. Cit (A) Is Not Justified In Deleting Addition Of Rs. 1,91,90,538/- On Undisclosed Income Of The Assessee By Admitting Fresh Evidences From The Assessee In Contravention To Rule 46A Of The I.T. Rules & Without Giving A Finding As To What Prevented The Taxpayer To Adduce Evidences Before The Assessing Officer. Ii. That On The Facts & Circumstances Of The Case, The Ld. Cit (A) Is Not Justified In Deleting Disallowance Of Rs. 2,24,877/- U/S 14A Of The I.T. Act, 1961 Read With Rule 8D Without Considering The Fact That Nexus Between The Interest Earned & Debited To The Profit & Loss Account Could Not Be Established By The Assessee Before The Assessing Officer. Moreover, The Ld.