DCIT, CIRCLE - 5(1), KOLKATA, KOLKATA vs. M/S. COAL INDIA LIMITED , KOLKATA

section 37(1) of the Act, he disallowed a sum of ₹19,25,000/- and added the same to the total income of the assessee. The Ld. CIT(A) decided the issue against the assessee as the assessee could not establish that the liability had crystallised during the year and thus was allowable as a deduction and his finding

COAL INDIA LIMITED ,KOLKATA vs. DCIT, CIRCLE - 5(1), KOLKATA, KOLKATA

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

section 37(1) of the Act, he disallowed a sum of ₹19,25,000/- and added the same to the total income of the assessee. The Ld. CIT(A) decided the issue against the assessee as the assessee could not establish that the liability had crystallised during the year and thus was allowable as a deduction and his finding

DALMIA SECURITIES PRIVATE LIMITED,KOLKATA vs. DCIT, CIRCLE-12, KOLKATA, KOLKATA

In the result, the appeal filed by the assessee ( in ITA no

Bench: Shri N. V. Vasudevan, Jm & Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1937/Kol/2016 (िनधा"रणवष" / Assessment Year: 2011-12 Dalmia Securities (P) Ltd. Vs. D.C.I.T, Cir-12, Kolkata Ideal Plaza, 4Th Floor, 11/1 Sarat Bose Aayakarbhawan, P-7, Rood, Kolkata – 700 069. Chowrighee Square, Kolkata – 700 069. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabcd1813G (Assessee) .. (Revenue/Department) आयकरअपीलसं./Ita No.2078/Kol/2016 (िनधा"रणवष" / Assessment Year: 2011-12 D.C.I.T, Cir-12, Kolkata Vs. Dalmia Securities (P) Ltd. Aayakarbhawan, P-7, Ideal Plaza, 4Th Floor, 11/1 Chowrighee Square, Kolkata – Sarat Bose Rood, Kolkata – 700 069. 700 069. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabcd 1813 G (Revenue/Department) .. (Assessee) िनधा"रतीकीओरसे /Assessee By : Shri Asim Choudhury, Advocate राज"कीओरसे /Revenue By :Shri Sallongyaden, Acit, Dr सुनवाईकीतारीख/ Date Of Hearing : 16/08/2017 घोषणाकीतारीख/Date Of Pronouncement: 31/08/2017 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am: The Captioned Two Cross-Appeals Filed By The Assessee & Revenue Pertaining To Assessment Year 2011-12, Is Directed Against The Order Passed By The Ld. Cit(A), Kolkata In Appeal No.499/Cit(A)-18/11-12/Cir- 12(1)/Kol, Dated 08.08.2016, Which Is Turn Arises Out Of An Order Passed By The Assessing Officer U/S143(3) Of The Income Tax Act, 1961,(Herein After Referred To As The ‘Act’), Dated 21.02.2014. 2. These Two Cross-Appeals Filed By The Assessee & Revenue Respectively Relate To The Same Assessee, Same Assessment Year, Identical

disallowance of Rs.8,18,239/- under Section 14A of the Act read with Rule 8D(iii) of the lncome Tax Rules

DCIT,CIRCLE-12(1), KOLKATA, KOLKATA vs. M/S DALMIA SECURITIES PVT. LTD., KOLKATA

In the result, the appeal filed by the assessee ( in ITA no

Bench: Shri N. V. Vasudevan, Jm & Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1937/Kol/2016 (िनधा"रणवष" / Assessment Year: 2011-12 Dalmia Securities (P) Ltd. Vs. D.C.I.T, Cir-12, Kolkata Ideal Plaza, 4Th Floor, 11/1 Sarat Bose Aayakarbhawan, P-7, Rood, Kolkata – 700 069. Chowrighee Square, Kolkata – 700 069. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabcd1813G (Assessee) .. (Revenue/Department) आयकरअपीलसं./Ita No.2078/Kol/2016 (िनधा"रणवष" / Assessment Year: 2011-12 D.C.I.T, Cir-12, Kolkata Vs. Dalmia Securities (P) Ltd. Aayakarbhawan, P-7, Ideal Plaza, 4Th Floor, 11/1 Chowrighee Square, Kolkata – Sarat Bose Rood, Kolkata – 700 069. 700 069. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabcd 1813 G (Revenue/Department) .. (Assessee) िनधा"रतीकीओरसे /Assessee By : Shri Asim Choudhury, Advocate राज"कीओरसे /Revenue By :Shri Sallongyaden, Acit, Dr सुनवाईकीतारीख/ Date Of Hearing : 16/08/2017 घोषणाकीतारीख/Date Of Pronouncement: 31/08/2017 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am: The Captioned Two Cross-Appeals Filed By The Assessee & Revenue Pertaining To Assessment Year 2011-12, Is Directed Against The Order Passed By The Ld. Cit(A), Kolkata In Appeal No.499/Cit(A)-18/11-12/Cir- 12(1)/Kol, Dated 08.08.2016, Which Is Turn Arises Out Of An Order Passed By The Assessing Officer U/S143(3) Of The Income Tax Act, 1961,(Herein After Referred To As The ‘Act’), Dated 21.02.2014. 2. These Two Cross-Appeals Filed By The Assessee & Revenue Respectively Relate To The Same Assessee, Same Assessment Year, Identical

disallowance of Rs.8,18,239/- under Section 14A of the Act read with Rule 8D(iii) of the lncome Tax Rules

M/S. SWAGAT TREXIM PVT. LTD.,KOLKATA vs. I.T.O., WARD - 3(1), KOLKATA (FORMERLY D.C.I.T., CC - 3(2), KOLKATA), KOLKATA

In the result, the appeal filed by the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 1850/Kol/2024 Assessment Year: 2011-2012 M/S. Swagat Trexim Pvt. Limited,..…………Appellant 32/7, Sahapur Colony, Kolkata-700053 [Pan:Aaecs1238F] -Vs.- Income Tax Officer,……………………………...Respondent Ward-3(1), Kolkata, [Formerly Dcit, Central Circle-3(2), Kolkata] Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances By: Shri A.K. Tulsian, A.R., Appeared On Behalf Of The Assessee Shri Kallol Mistry, Addl. Cit, Sr. D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: November 21, 2024 Date Of Pronouncing The Order: December 11, 2024 O R D E R

239/- on its investment and the same was offered for tax. Thereafter ld. Assessing Officer added back the dividend income which was offered to tax by invoking the provisions of section 14A read with Rule 8D of the Act and proceeded to make disallowance

DCIT, CIRCLE - 6(1), , KOLKATA vs. M/S. BIRLA CORPORATION LTD., KOLKATA

In the result, appeals filed by the Revenue for AYs 2011-12 &

Bench: Sri Rajpal Yadav & Dr. Manish Borad

disallowance was made in the assessment year 2006-07 and in first appeal, the CIT(A) by order dated July 9, 2010 deleted the addition made by the AO. Against the said order, the revenue preferred further appeal before the Hon'ble Tribunal, being ITA No. 1936 (Kol) of 2010. The said appeal has since been rejected

BIRLA CORPORATION LIMITED,KOLKATA vs. DCIT, CIR-6(1), KOLKATA

In the result, appeals filed by the Revenue for AYs 2011-12 &

Bench: Sri Rajpal Yadav & Dr. Manish Borad

disallowance was made in the assessment year 2006-07 and in first appeal, the CIT(A) by order dated July 9, 2010 deleted the addition made by the AO. Against the said order, the revenue preferred further appeal before the Hon'ble Tribunal, being ITA No. 1936 (Kol) of 2010. The said appeal has since been rejected

DCIT, CIRCLE - 6(1), , KOLKATA vs. M/S. BIRLA CORPORATION LTD., KOLKATA

In the result, appeals filed by the Revenue for AYs 2011-12 &

Bench: Sri Rajpal Yadav & Dr. Manish Borad

disallowance was made in the assessment year 2006-07 and in first appeal, the CIT(A) by order dated July 9, 2010 deleted the addition made by the AO. Against the said order, the revenue preferred further appeal before the Hon'ble Tribunal, being ITA No. 1936 (Kol) of 2010. The said appeal has since been rejected

BIRLA CORPORATION LTD.,KOLKATA vs. DCIT, CIR.-6(1), KOLKATA

In the result, appeals filed by the Revenue for AYs 2011-12 &

Bench: Sri Rajpal Yadav & Dr. Manish Borad

disallowance was made in the assessment year 2006-07 and in first appeal, the CIT(A) by order dated July 9, 2010 deleted the addition made by the AO. Against the said order, the revenue preferred further appeal before the Hon'ble Tribunal, being ITA No. 1936 (Kol) of 2010. The said appeal has since been rejected

ITO, WARD-36(2), KOLKATA, KOLKATA vs. M/S. SRI RAM COMMERCIAL CO., KOLKATA

In the result, the appeal of the Revenue is dismissed

239/- as against the disallowances of Rs. 24,95,563/-. 3. On the facts and in the circumstances of the case, Ld. CIT(A) is not correct in accepting the fresh computation violating Rule 46A and thereby, allowing the disallowable expenditure even below the expenditure disallowed by the assessee in its return of income. 4. On the facts

DCIT, CIR-12, KOLKATA, KOLKATA vs. M/S RECKITT BENCKISER (INDIA) LTD., KOLKATA

Appeals are dismissed and the Assessee’s appeal in I

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2113/Kol/2013 Assessment Year : 2006-07 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2150/Kol/2013 Assessment Year : 2006-07 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2114/Kol/2013 Assessment Year : 2008-09 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2151/Kol/2013 Assessment Year : 2008-09 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 760/Kol/2014 Assessment Year : 2009-10 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 762/Kol/2014 Assessment Year : 2009-10 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent)

disallowance of Rs. 50,000/- pertaining to its exempt income. Learned Senior Counsel is very fair in pointing out that our discussion on the twin identical issues in assessment year 2006-07 have already upheld the CIT(A) findings in preceding years. We thus reject this tax payer’s appeal I.T.A. No. 2151/Kol/2013. 7. Coming to Revenue’s appeal

RECKITT BENCKISER (INDIA) LTD.,KOLKATA vs. DCIT, CIR-12, KOLKATA, KOLKATA

Appeals are dismissed and the Assessee’s appeal in I

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2113/Kol/2013 Assessment Year : 2006-07 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2150/Kol/2013 Assessment Year : 2006-07 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2114/Kol/2013 Assessment Year : 2008-09 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2151/Kol/2013 Assessment Year : 2008-09 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 760/Kol/2014 Assessment Year : 2009-10 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 762/Kol/2014 Assessment Year : 2009-10 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent)

disallowance of Rs. 50,000/- pertaining to its exempt income. Learned Senior Counsel is very fair in pointing out that our discussion on the twin identical issues in assessment year 2006-07 have already upheld the CIT(A) findings in preceding years. We thus reject this tax payer’s appeal I.T.A. No. 2151/Kol/2013. 7. Coming to Revenue’s appeal

RECKITT BENCKISER (INDIA) LIMITED,KOLKATA vs. A.C.I.T, RANGE-12, KOLKATA, KOLKATA

Appeals are dismissed and the Assessee’s appeal in I

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2113/Kol/2013 Assessment Year : 2006-07 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2150/Kol/2013 Assessment Year : 2006-07 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2114/Kol/2013 Assessment Year : 2008-09 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2151/Kol/2013 Assessment Year : 2008-09 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 760/Kol/2014 Assessment Year : 2009-10 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 762/Kol/2014 Assessment Year : 2009-10 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent)

disallowance of Rs. 50,000/- pertaining to its exempt income. Learned Senior Counsel is very fair in pointing out that our discussion on the twin identical issues in assessment year 2006-07 have already upheld the CIT(A) findings in preceding years. We thus reject this tax payer’s appeal I.T.A. No. 2151/Kol/2013. 7. Coming to Revenue’s appeal

DCIT/CIR-12/KOLKATA, KOLKATA vs. M/S RECKITT BENCKISER (INDIA) LTD., KOLKATA

Appeals are dismissed and the Assessee’s appeal in I

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2113/Kol/2013 Assessment Year : 2006-07 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2150/Kol/2013 Assessment Year : 2006-07 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2114/Kol/2013 Assessment Year : 2008-09 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2151/Kol/2013 Assessment Year : 2008-09 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 760/Kol/2014 Assessment Year : 2009-10 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 762/Kol/2014 Assessment Year : 2009-10 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent)

disallowance of Rs. 50,000/- pertaining to its exempt income. Learned Senior Counsel is very fair in pointing out that our discussion on the twin identical issues in assessment year 2006-07 have already upheld the CIT(A) findings in preceding years. We thus reject this tax payer’s appeal I.T.A. No. 2151/Kol/2013. 7. Coming to Revenue’s appeal

RECKITT BENCKISER (INDIA) LIMITED,KOLKATA vs. A.C.I.T, RANGE-12, KOLKATA, KOLKATA

Appeals are dismissed and the Assessee’s appeal in I

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2113/Kol/2013 Assessment Year : 2006-07 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2150/Kol/2013 Assessment Year : 2006-07 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2114/Kol/2013 Assessment Year : 2008-09 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2151/Kol/2013 Assessment Year : 2008-09 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 760/Kol/2014 Assessment Year : 2009-10 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 762/Kol/2014 Assessment Year : 2009-10 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent)

disallowance of Rs. 50,000/- pertaining to its exempt income. Learned Senior Counsel is very fair in pointing out that our discussion on the twin identical issues in assessment year 2006-07 have already upheld the CIT(A) findings in preceding years. We thus reject this tax payer’s appeal I.T.A. No. 2151/Kol/2013. 7. Coming to Revenue’s appeal

D.C.I.T CIR - 12,KOLKATA, KOLKATA vs. M/S RECKITT BENCKISER (INDIA) LTD, KOLKATA

Appeals are dismissed and the Assessee’s appeal in I

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2113/Kol/2013 Assessment Year : 2006-07 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2150/Kol/2013 Assessment Year : 2006-07 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2114/Kol/2013 Assessment Year : 2008-09 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 2151/Kol/2013 Assessment Year : 2008-09 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 760/Kol/2014 Assessment Year : 2009-10 M/S Reckitt Benckiser (India) Ltd. -Vs- Dcit, Circle-12, Kolkata [Pan: Aabcr 2655 Q] (Appellant) (Respondent) I.T.A No. 762/Kol/2014 Assessment Year : 2009-10 Dcit, Circle-12, Kolkata -Vs- M/S Reckitt Benckiser (India) Ltd. [Pan: Aabcr 2655 Q] (Appellant) (Respondent)

disallowance of Rs. 50,000/- pertaining to its exempt income. Learned Senior Counsel is very fair in pointing out that our discussion on the twin identical issues in assessment year 2006-07 have already upheld the CIT(A) findings in preceding years. We thus reject this tax payer’s appeal I.T.A. No. 2151/Kol/2013. 7. Coming to Revenue’s appeal

SARDA MINES PVT. LIMITED,KOLKATA vs. DCIT, CIRCLE-05(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri P.M. Jagtap, Am & Shri S.S. Viswanethra Ravi, Jm] I.T.A. No. 867/Kol/2017 Assessment Year: 2007-08 Sarda Mines Pvt. Ltd...............................………………………………………………Appellant 6Th Floor, Circular Court, 8, Ajc Bose Road, Kolkata – 700017. [Pan : Aahcs 2419 R] D.C.I.T., Cir 5(2) Kolkata………………………………………………......................Respondent Aayakar Bhawan, P-7, Chowringhee Square, Kolkata - 69 Appearances By: Shri A.K. Gupta, Fca Appearing On Behalf Of The Assessee. Md. Usman, Cit Dr Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : November 21, 2017 Date Of Pronouncing The Order : December 14, 2017 Order Per P.M. Jagtap, Am This Appeal Filed By The Assessee Is Directed Against The Order Of Ld. Principal Cit – 2, Kolkata Dated 28.03.2017 Passed Under Section 263 Of The Income Tax Act, 1961 & The Grounds Raised By The Assessee Therein Read As Under: “1. For That The Order Passed Under Section 263 Of The Income Tax Act, 1961 (In Short ‘The Act’) By The Principal Commissioner Of Income Tax -2, Kolkata (In Short ‘Cit’) Dated 28.03.2017 Is Without Jurisdiction & Illegal As None Of The Condition Precedent For Exercise Of The Power Under Section 263 Of The Act Exists And/Or Has Been Satisfied & As Such The Said Order Is Erroneous & Without Jurisdiction & Liable To Be Cancelled. 2. For That The Order Passed By The Assessing Officer Was Not In Any Way Erroneous Or Prejudicial To The Interest Of Revenue & As Such The Cit Would Not Exercise Any Power Under Section 263 Of The Act. The Cit Erred In Holding That The Order Of Assessment Is Erroneous & Prejudicial To The Interest Of Revenue.

disallowance of the entire depreciation is based on 11 I.T.A. No. 867/Kol/2017 Assessment Year: 2007-08 Sarda Mines Pvt. Ltd. certain alleged nexus and/or understanding between our client and JSPL though none has been furnished or explained in your notice under reply. ln this connection, reliance is placed on the judgement of the Gauhati High Court in the case

ITO, WD-7(1), KOLKATA, KOLKATA vs. M/S M.S.K. TRAVELS AND TOURS LTD., KOLKATA

Appeal is dismissed

Bench: Hon’Ble Shri S.S.Godara, Jm & Shri M.Balaganesh, Am ]

section 40(a)(i) are also not attracted. Disallowance u/s 40(a)(i) is, therefore, deleted.” This is what leaves the Revenue aggrieved. 5. We have given our thoughtful consideration to the rival submissions. It emerges first of all that the India-Sweden Double Taxation Avoidance Agreement contains a protocol forming part of case records before us at pages