ACIT, LTU - 2, KOLKATA , KOLKATA vs. M/S. UCO BANK, KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri P.M. Jagtap, Vice- & Shri A.T. Varkey

disallowance of Rs.1,17,97,270/- made by the Assessing Officer under section 40(a)(ia) of the Income Tax Act, 1961. 1 Assessment

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

disallowance computed u/s 14A r.w. Section 8D(2) (ii) and to\nrestrict expenses for the investments which actually yielded dividend\nincome to the assessee company during the year.\n4. That on the facts and circumstances of the case and in law, the Ld. CIT(A)\nhas erred in directing the AO to restrict the addition in terms of clause

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

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

disallowance computed u/s 14A r.w. Section 8D(2) (ii) and to\nrestrict expenses for the investments which actually yielded dividend\nincome to the assessee company during the year.\n4. That on the facts and circumstances of the case and in law, the Ld. CIT(A)\nhas erred in directing the AO to restrict the addition in terms of clause

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

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

disallowance computed u/s 14A r.w. Section 8D(2) (ii) and to\nrestrict expenses for the investments which actually yielded dividend\nincome to the assessee company during the year.\n4. That on the facts and circumstances of the case and in law, the Ld. CIT(A)\nhas erred in directing the AO to restrict the addition in terms of clause

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

disallowance computed u/s 14A r.w. Section 8D(2) (ii) and to\nrestrict expenses for the investments which actually yielded dividend\nincome to the assessee company during the year.\n4. That on the facts and circumstances of the case and in law, the Ld. CIT(A)\nhas erred in directing the AO to restrict the addition in terms of clause

NAGREEKA FOILS LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 6(3), KOLKATA

In the result, all the three appeals filed by the assessee for AYs\n2010-11, 2011-12 & 2013-14 are allowed

section 14A\nr.w.r 8D of the I.T. Rules, 1962\n: Rs. 95,85,590/-\nb) Disallowance u/s 40a(ia) of the Act\n: Rs. 2,13,270

NAGREEKA FOILS LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 3(1), KOLKATA

In the result, all the three appeals filed by the assessee for AYs

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

section 14A r.w.r 8D of the I.T. Rules, 1962 : Rs. 95,85,590/- b) Disallowance u/s 40a(ia) of the Act : Rs. 2,13,270

NAGREEKA FOILS LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 3, , KOLKATA

In the result, all the three appeals filed by the assessee for AYs

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

section 14A r.w.r 8D of the I.T. Rules, 1962 : Rs. 95,85,590/- b) Disallowance u/s 40a(ia) of the Act : Rs. 2,13,270

DCIT, CC-XIX, KOLKATA, KOLKATA vs. M/S INTERNATIONAL CONVEYORS PVT. LTD., KOLKATA

In the result, appeals filed by the revenue in IT(SS)A No

Bench: Dr. A.L.Saini, Am & Shri K. Narasimha Chary, Jm It(Ss)A No.131/Kol/2014 ("नधा"रण वष" / Assessment Year :2008-2009) Dcit, Cc-Xix, Kolkata Vs. M/S.International Conveyors Pvt.Ltd.,10,Middletion Row, Kolkata-700071 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaci 6161 K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Dcit, Cc-Xix, Kolkata Vs. M/S International Conveyors Pvt.Ltd.,10,Middletion Row, Kolkata-700071 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaci 6161 K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) It(Ss)A No.90/Kol/2014 ("नधा"रण वष" / Assessment Year :2009-2010) Dcit, Cc-Xix, Kolkata Vs. M/S International Conveyors Pvt.Ltd.,10,Middletion Row, Kolkata-700071 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaci 6161 K (अपीलाथ" /Appellant) .. (""यथ" / Respondent) It(Ss)A No.91/Kol/2014 ("नधा"रण वष" / Assessment Year :2010-2011) Dcit, Cc-Xix, Kolkata Vs. M/S International Conveyors Pvt.Ltd.,10,Middletion Row, Kolkata-700071 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaci 6161 K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) It(Ss)A No.92/Kol/2014 ("नधा"रण वष" / Assessment Year :2011-2012) Dcit, Cc-Xix, Kolkata Vs. M/S International Conveyors Pvt.Ltd.,10,Middletion Row, Kolkata-700071 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaci 6161 K .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

section 80- lA. 4. That the Department craves leave to add, modify or alter any of the grounds of appeal and/or adduce additional evidence at the time of hearing of the case. 5. The first ground relates to expenditure attributable to dividend (exempted income) to be disallowed as an expenditure u/s.14A of the Income

DIDU INVESTMENTS PRIVATE LIMITED,KOLKATA vs. D.C.I.T.,CIRCLE-6(1), KOLKATA

The appeal of the assessee is partly allowed

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

disallowable amount u/s 14A of the Act for the purposes of computing MAT u/s 115JB of the Act. The Ld. AR relied on the written submissions filed. The Ld. AR concluded his arguments by saying that as an alternative prayer it deserves to be held that only those investments needed to be considered for the purposes of section

JCIT, (OSD), CIRCLE - 6(1), KOLKATA , KOLKATA vs. M/S. ISG TRADERS LTD., , KOLKATA

In the result, the appeal of revenue is dismissed

Bench: Shri P.M. Jagtap(Kz) & Shri A. T. Varkey, Jm] Assessment Year: 2012-13

Section 14A cannot exceed the exempt income earned during the year. The ITAT, Bench “B”, Kolkata ITA No. 388/Kol/2008 in the case of West Bengal Infrastructure Development has held as under: “97……….. We are however of the view that the disallowance under Sec.14A of the Act cannot be in excess of the tax-free income earned by the Assessee during

DCIT, LTU-2, KOLKATA vs. M/S CENTURY PLYBOARDS (I), LTD, KOLKATA

In the result, the appeal of the revenue is dismissed and cross objections of assessee are allowed

Bench: Shri P.M. Jagtap(Kz) &Shri A. T. Varkey, Jm] Assessment Year: 2014-15

disallowance . The assessee's instant substantive ground is accepted. The Assessing Officer is direction to verify all the relevant facts and allow the impugned cess (es) as deduction u/s 37 of the Act. The assessee's appeal I.T.A. No. 685/Ko/2014 is partly accepted in above terms." However, the ld. DR for the Revenue submitted before the Bench that the Income

M/S. EUREKA FORBES LTD., ,KOLKATA vs. JCIT, CIRCLE - 10(1), KOLKATA

In the result, all the four appeals filed by the assessee for AYs 2012-13,

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2012-13 M/S Eureka Forbes Limited, Joint Commissioner Of 7, Chakraberia Road (South), Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2013-14 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2014-15 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2015-16 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent)

section 14A of the Act read with Rule 8D of the Rules to the extent of Rs. 5.53 lacs (as offered in the return of income) to 'book profits' under the provisions of 115JB of the Act. 3.2 He failed to appreciate and ought to have held that disallowance u/s 14A of the Act read with Rule

M/S. EUREKA FORBES LTD., ,KOLKATA vs. JCIT, CIRCLE - 10(1), KOLKATA

In the result, all the four appeals filed by the assessee for AYs 2012-13,

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2012-13 M/S Eureka Forbes Limited, Joint Commissioner Of 7, Chakraberia Road (South), Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2013-14 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2014-15 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2015-16 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent)

section 14A of the Act read with Rule 8D of the Rules to the extent of Rs. 5.53 lacs (as offered in the return of income) to 'book profits' under the provisions of 115JB of the Act. 3.2 He failed to appreciate and ought to have held that disallowance u/s 14A of the Act read with Rule

M/S. EUREKA FORBES LTD., ,KOLKATA vs. JCIT, CIRCLE - 10(1), KOLKATA

In the result, all the four appeals filed by the assessee for AYs 2012-13,

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2012-13 M/S Eureka Forbes Limited, Joint Commissioner Of 7, Chakraberia Road (South), Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2013-14 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2014-15 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2015-16 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent)

section 14A of the Act read with Rule 8D of the Rules to the extent of Rs. 5.53 lacs (as offered in the return of income) to 'book profits' under the provisions of 115JB of the Act. 3.2 He failed to appreciate and ought to have held that disallowance u/s 14A of the Act read with Rule

M/S EUREKA FORBS LTD,KOLKATA vs. D.C.I.T CIR - 10(1), KOLKATA

In the result, all the four appeals filed by the assessee for AYs 2012-13,

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2012-13 M/S Eureka Forbes Limited, Joint Commissioner Of 7, Chakraberia Road (South), Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2013-14 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2014-15 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent) Assessment Year: 2015-16 M/S Eureka Forbes Limited, The Deputy Commissioner 7, Chakraberia Road (South), Of Income Tax, Vs Bhovanipur, Kolkata - 700025 Circle 10(1), Kolkata, (Pan: Aaace5767F) 1St Floor, Aaykar Bhawan, Poorva, Kolkata - 700017 (Appellant) (Respondent)

section 14A of the Act read with Rule 8D of the Rules to the extent of Rs. 5.53 lacs (as offered in the return of income) to 'book profits' under the provisions of 115JB of the Act. 3.2 He failed to appreciate and ought to have held that disallowance u/s 14A of the Act read with Rule

D.C.I.T., CIRCLE-4, KOLKATA, KOLKATA vs. M/S. ROSSELL INDIA LTD., KOLKATA

In the result, Revenue’s appeal stands dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year:2009-10 Dcit, Circle-4, Kolkata V/S. M/S Rossell India Ltd. P-7, Chowringhee 21/1A/3, Darga Road, Square, Kolkata-69 Jindal Towers, Block B, 4Th Floor, Park Circus, Kolkta-700 017 [Pan Noaabcr 3736 J] .. अपीलाथ" /Appellant ""यथ"/Respondent

270 ITR 167 (Cal) wherein it was held that the same was to be fully allowed from the composite income. As the appeal against the order of the Hon'ble Calcutta High Court was preferred before the Hon'ble Apex Court by the Revenue, the AO in order to keep the matter alive thought it fit to make the disallowance

DCIT, CIRCLE - 6, KOLKATA, KOLKATA vs. WILLIAMSON MAGOR & COMPANY LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri S.S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.164/Kol/2019 ("नधा"रणवष" / Assessment Year: 2013-14)

disallowance under rule 8D read with section 14A of the Act at Rs. 7,86,05,270/- under rule 8D(2)(ii) and Rs. 1,11,47,565/- under