ACIT, CIRCLE-15(1), KOLKATA, KOLKATA vs. M/S. DEVA LEASE AND FINANCE PVT. LTD., KOLKATA

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2012-13 Acit Circle-15(1), V/S. M/S Deva Lease & Aayaka Bhawan,Poorva Finance Pvt. Ltd., 1A, 110, Shantipally, Kolkta- K.B.R. Complex, 4, Ho- 107 Chi-Min Sarani, Kolkata-71 [Pan No.Aabcd 7839 E] .. अपीलाथ" /Appellant ""यथ"/Respondent C.O. No.54/Kol/2017 (A/O Ita No.961/Kol/2017) Assessment Year :2012-13 M/S Deva Lease & V/S. Acit, Circle-15(1), Finance Pvt. Ltd., 1A, Aaykar Bhavan, Poorva, K.B.R. Complex, 4, Ho- 110, Shantipally, Chi-Min Sarani, Kolkata- Kolakta-107 71 [Pan No.Aabcd 7839 E] .. "तया"ेपक/Co-Objector ""यथ"/Respondent

assessed as business income. In case any part of rental income from house property owned and let out is considered as income from business or as ‘income from other sources’, then allowable deduction of expenditure and depreciation on cost of building (construction portion) may kindly be allowed. The company is the owner of two immovable properties, both of which were

DCIT, CIR-10(1), KOLKATA, KOLKATA vs. M/S MAA AMBA TOWERS LTD., KOLKATA

Appeal is dismissed

Bench: Shri S.S.Godara & Shri, M. Balaganeshassessment Year :2012-13

assessable under the head "House Property" or Business. On scrutiny of the material placed before me, I note that the appellant was incorporated as a private company in 2006. From the assessee's Memorandum of Association, I note that the main object of the appellant inter alia included object No. 1 which reads as follows: ITA No.1381/Kol/2015

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property u/s. 22 to 27 and depreciation u/s. 32 cannot be allowed on the same. 12. Now, we take up the disallowance of depreciation on the remaining three properties at Sl. No. (b), (c) and (d) listed above. In respect of these three properties, the main contention of the Ld. AO was that these properties were not being used

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property u/s. 22 to 27 and depreciation u/s. 32 cannot be allowed on the same. 12. Now, we take up the disallowance of depreciation on the remaining three properties at Sl. No. (b), (c) and (d) listed above. In respect of these three properties, the main contention of the Ld. AO was that these properties were not being used

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property u/s. 22 to 27 and depreciation u/s. 32 cannot be allowed on the same. 12. Now, we take up the disallowance of depreciation on the remaining three properties at Sl. No. (b), (c) and (d) listed above. In respect of these three properties, the main contention of the Ld. AO was that these properties were not being used

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property u/s. 22 to 27 and depreciation u/s. 32 cannot be allowed on the same. 12. Now, we take up the disallowance of depreciation on the remaining three properties at Sl. No. (b), (c) and (d) listed above. In respect of these three properties, the main contention of the Ld. AO was that these properties were not being used

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, CIR-28/KOL, KOLKATA

In the result, appeal of the assessee is dismissed

Bench: Shri Sanjay Garg & Dr. Manish Borad

house property u/s. 22 to 27 and depreciation u/s. 32 cannot be allowed on the same. 12. Now, we take up the disallowance of depreciation on the remaining three properties at Sl. No. (b), (c) and (d) listed above. In respect of these three properties, the main contention of the Ld. AO was that these properties were not being used

VEERPRABHU AUTO PVT. LTD.,KOLKATA vs. A.C.I.T., CC - 2(4), KOL, KOLKATA

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

Bench: Shri George Mathan & Shri Rakesh Mishra

block assessment under section 153A; (ii) all pending assessments/reassessments shall stand abated; (iii) in case any incriminating material is found/unearthed, even, in case of unabated/completed assessments, the Assessing Officer would assume the jurisdiction to assess or reassess the 'total income' taking into consideration the incriminating material unearthed during the search and the other material available with the Assessing Officer including

RAI BHAGWAN DAS BAGLA BAHADURS MARWARI HINDU HOSPITAL,KOLKATA vs. I.T.O., WARD - 49(3) NOW, I.T.O., WARD - 44(2), KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Rai Bhagwan Das Bagla Ito, Ward-49(3), Bahadurs Marwari Hindu 3, Govt. Place (West), Hospital Kolkata-700001, Vs. 1, R.N. Mukherjee Road, Martin West Bengal Burn House, Kolkata-700001 (Appellant) (Respondent) Pan No. Aactr1297C Assessee By : Shri Soumitra Choudhary, Ar Revenue By : Shri Prabhakar Prakash Ranjan, Dr Date Of Hearing: 05.12.2024 Date Of Pronouncement : 19.12.2024

house property, which was also accepted in the assessment, meaning thereby that there was no deprecation claimed on the block

SMT. PRIYANKA GANGULY,KOLKATA vs. D.C.I.T.(IT)-CIRCLE-2(1), KOLKATA

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

Bench: Dr. Manish Borad&Shri Anikesh Banerjee]

house property in terms of the above principles. b. Rs. 2,37,459/- : Accordingly to Ld. AO, during the assessment stage, the assessee did not provide the bank statement bearing A/c No. 000201043669. Further the Ld. AO has also stated that verification of the said bank account revealed that the assessee received Rs.2,37,459/- in her bank account

DCIT, CIR-12(1), KOLKATA, KOLKATA vs. M/S BENGAL AMBUJA HOUSING DEVELOPMENT LTD., KOLKATA

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

Bench: Shri A. T. Varkey, Jm & Shri A.L.Saini, Am]

assessing business income derived from development of housing projects. From the audited accounts and audit report in Form 1OCCB I find that the auditor had certified profitability of each phase of Luxury HIG zone separately; treating each such phase to be separate housing project. I further find that for determining the profitability; the assessee followed percentage of completion method

THE PEERLESS GEN. FIN. & INV. CO. LTD.,KOLKATA vs. DCIT, CIRCLE-3(1), KOLKATA, KOLKATA

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

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

assessment order is accepted. Stamp Duty value should have been-considered as full value of consideration for sale of house property for the purpose of section 48 of the Act. In the present case, the assessee had sold 4 depreciable assets/f1ats during the year belonging to the same Block

SUSHIL MITRUKA,SILIGURI vs. P.C.I.T., SILIGURI

In the result, appeal of the assessee stands allowed

Bench: Shri Rajesh Kumar, Am& Shri Pradip Kumar Choubey, Jm]

Block, P.O. Matigara-734010, Siliguri, Darjeeling (PAN: ACCPA9340F) Appellant Respondent Date of conclusion of Hearing 19.05.2025 Date of Pronouncement 10.07.2025 For the Appellant Shri S. K. Tulsiyan, Advocate For the Respondent Shri Madanappa Raghuvir, CIT DR ORDER Per Shri Rajesh Kumar, AM The captioned four appeals filed by the assessee are against the separate revisionary orders passed

SUSHIL MITRUKA,SILIGURI vs. P.C.I.T., SILIGURI

In the result, appeal of the assessee stands allowed

Bench: Shri Rajesh Kumar, Am& Shri Pradip Kumar Choubey, Jm]

Block, P.O. Matigara-734010, Siliguri, Darjeeling (PAN: ACCPA9340F) Appellant Respondent Date of conclusion of Hearing 19.05.2025 Date of Pronouncement 10.07.2025 For the Appellant Shri S. K. Tulsiyan, Advocate For the Respondent Shri Madanappa Raghuvir, CIT DR ORDER Per Shri Rajesh Kumar, AM The captioned four appeals filed by the assessee are against the separate revisionary orders passed

SUSHIL MITRUKA,SILIGURI vs. P.C.I.T., SILIGURI

In the result, appeal of the assessee stands allowed

Bench: Shri Rajesh Kumar, Am& Shri Pradip Kumar Choubey, Jm]

Block, P.O. Matigara-734010, Siliguri, Darjeeling (PAN: ACCPA9340F) Appellant Respondent Date of conclusion of Hearing 19.05.2025 Date of Pronouncement 10.07.2025 For the Appellant Shri S. K. Tulsiyan, Advocate For the Respondent Shri Madanappa Raghuvir, CIT DR ORDER Per Shri Rajesh Kumar, AM The captioned four appeals filed by the assessee are against the separate revisionary orders passed

SUSHIL MITRUKA,SILIGURI vs. P.C.I.T., SILIGURI

In the result, appeal of the assessee stands allowed

Bench: Shri Rajesh Kumar, Am& Shri Pradip Kumar Choubey, Jm]

Block, P.O. Matigara-734010, Siliguri, Darjeeling (PAN: ACCPA9340F) Appellant Respondent Date of conclusion of Hearing 19.05.2025 Date of Pronouncement 10.07.2025 For the Appellant Shri S. K. Tulsiyan, Advocate For the Respondent Shri Madanappa Raghuvir, CIT DR ORDER Per Shri Rajesh Kumar, AM The captioned four appeals filed by the assessee are against the separate revisionary orders passed

PARVESH SHARMA,KOLKATA vs. ITO, WARD 49(1),, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 1388/Kol/2025 Assessment Year: 2018-2019 Parvesh Sharma,……………………………...……Appellant 106, B.T. Road, Rajbari, Bonhooghly, Kolkata-700108, West Bengal [Pan:Bmpps3173Q] -Vs.- Income Tax Officer,……………………………..Respondent Ward-49(1), Kolkata, Income Tax Office, Uttarapan Complex Ds-Iv, Kolkata-700054, W.B.

Assessment Year 2018-2019. 1 Parvesh Sharma 2. Facts in brief are that the appellant-assessee filed his return of income for AY 2018-19 declaring total ncome of Rs.7,85,000/-. The case was selected for limited scrutiny on the issue for the reason ‘large value of loss claimed under the head income from House Property’. Notice under section

M/S PYNE PROPERTIES PVT LTD,KOLKATA vs. I.T.O WD - 5(2),KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

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

House Property, Dividend and Long Term Capital Gain. The Long Term Capital Gain arose on the sale of its immovable property located at 618 B.T.Road, Kolkata-700115. The Property consisted of a two Storeyed dilapidated ITA No. 1791/Kol/13 M/s. Pyne Properties P.Ltd. 2 building (Plinth area - 5000 Sft.) over a plot of land admeasuring 4.36 acres or 263.78 Cottahs