ITO, WD-1(4), KOLKATA, KOLKATA vs. M/S BLUE HEAVEN GRIHA NIRMAN PVT. LTD., KOLKATA

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

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 570/Kol/2015 Assessment Year : 2006-07 Ito, Ward-1(4), Kolkata -Vs- M/S Blue Heaven Griha Nirman Pvt. Ltd. [Pan: Aaccb 3287 F ] (Appellant) (Respondent)

properties. The said firm subsequently obtained such loan/credit facilities to the extent ofRs.250 crores. 3.3. The said three companies transferred the said land to the said firm on January 9, 2006 at cost and such cost was the amount recorded in the books of account of the said firm for the year ended March 31, 2006 as the value

ITO, WD-1(4), KOLKATA, KOLKATA vs. M/S ORCHID GRIHA NIRMAN PRIVATE LTD., KOLKATA

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

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S. Viswanethra Ravi, Jm] I.T.A No. 569/Kol/2015 Assessment Year : 2006-07 Ito, Ward-1(4), Kolkata -Vs- M/S Orchid Griha Nirman Pvt. Ltd. [Pan: Aaaco 7148 L ] (Appellant) (Respondent)

properties. The said firm subsequently obtained such loan/credit facilities to the extent ofRs.250 crores. 3.3. The said three companies transferred the said land to the said firm on January 9, 2006 at cost and such cost was the amount recorded in the books of account of the said firm for the year ended March 31, 2006 as the value

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

House property' has been upheld. All the expenses allowable has already been considered by the AO by allowing deductions u/s 24(a) and administrative expenses and financial charges ITA No.:1218/KOL/2024 Assessment Year: 2016-17 Veerprabhu Auto Pvt. Ltd. and therefore, no other expense is allowable. Therefore, the appeal on this ground is dismissed. In the result, the appeal

DCIT, CIRCLE-6(1), KOLKATA, KOLKATA vs. M/S NATIONAL ENGINEERING INDUSTRIES LTD., KOLKATA

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

Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.986 & 987/Kol/2017 ("नधा"रणवष" / Assessment Years: 2011-12& 2012-13) D.C.I.T, Circle-6(1), Vs. M/S. National Engineering

3. That the assessee craves for leave to add, delete or modify any of the grounds of appeal before or at the time of hearing.” 5. Ground No.1 raised by the Revenue in ITA No.986/Kol/2017 and in ITA No.987/Kol/2017, are identical and same, which relate to service charges as business income instead of house property income and allowing deduction

DCIT, CIRCLE-6(1), KOLKATA, KOLKATA vs. M/S NATIONAL ENGINEERING INDUSTRIES LTD., KOLKATA

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

Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.986 & 987/Kol/2017 ("नधा"रणवष" / Assessment Years: 2011-12& 2012-13) D.C.I.T, Circle-6(1), Vs. M/S. National Engineering

3. That the assessee craves for leave to add, delete or modify any of the grounds of appeal before or at the time of hearing.” 5. Ground No.1 raised by the Revenue in ITA No.986/Kol/2017 and in ITA No.987/Kol/2017, are identical and same, which relate to service charges as business income instead of house property income and allowing deduction

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.

sections 24(b) and 80C(2) of the Income Tax Act, 1961, for the two properties are in the names of Parvesh Sharma and Rohini Sharma. Therefore, the appellant’s assertion that there is no co-owner of the properties is factually incorrect. Furthermore, the appellant claims to have enclosed the purchase deeds for both properties, however, the documents submitted

PIYUSH MOHAN AGARWAL,KOLKATA vs. PCIT-1, KOLKATA

In the result, the appeal of assessee is allowed

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

property was on 19.03.2006. In the computation of LTCG, the assessee debited an amount of Rs.30,38,124/- on account of expenses made directly related to sale of flat. The amount of Rs.30,38,124/- was paid on account of repayment of housing loan of Rs.50,00,000/- availed for purchase of the aforesaid flat and the assessee furnished relevant

SHRI NIRANJAN LAL AGARWAL,KOLKATA vs. DCIT, CIRCLE -3, KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

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

house property, business, capital gain and other sources. The return of income for the year under consideration was originally filed by him on 24.12.2008 declaring total income of Rs.6,07,214/-. Subsequently a revised return was filed by the assessee on 23.09.2009 declaring total income of Rs.7,78,709/-. In the assessment completed under section 143(3) vide an order

BRITANNIA INDUSTRIES LTD,KOLKATA vs. DCIT, CIR-7(1), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma

124 taxmann.com 74) (ITAT Bangalore) (v) M/s Kancast Pvt. Ltd. vs. ITO (55 taxmann.com 171) (ITAT Pune) (vi) Voltas Ltd. v. ITO (74 taxmann.com 99) (ITAT Mum) (vii) Shri Farid Gulmohammed vs. ITO (ITA No. 5136/Mum/2014) (ITAT Mum) (viii) ITO vs Yasin Moosa Godil (20 taxmann.com 424) (ITAT Ahmedabad) (ix) ACIT vs. Nadir Nazarali Dhanani (ITA No. 100/Mum/2013) (ITAT

M/S NATIONAL GEMS SCHOOL,KOLKATA vs. ITO, WD 28 (3), KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

Bench: Shri P.M. Jagtap

house property. According to the Assessing Officer, the said construction work done by the assessee enhanced the longevity of the building and the expenditure incurred for the same, therefore, was capital expenditure. He noted that the said expenditure also was incurred for remaking of floors, walls and pillars, which again was not in the nature of current repairs

ACIT, CIRCLE - 2(1), , KOLKATA vs. TCG URBAN INFRASTRUCTURE HOLDINGS PVT LTD.,, KOLKATA

Accordingly, the same is dismissed

Bench: Shri Sanjay Garg & Dr. M.L.Meenaआयकर अपील सं.य/

House property. However, as the same have been claimed as a deduction under the head of business income and receipts disclosed under that head, I see no good reason for the impugned disallowance. The action of the Ld. AO in the matter is therefore held to be unsustainable in the facts of the case, and is directed to be deleted

M/S ADHUNIK INFRASTRUCTURE PVT. LTD.,KOLKATA vs. JCIT, RG-10, KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

Bench: Hon’Ble Shri A.T.Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No.1281 /Kol/2015 Assessment Year : 2010-11

housing or other activities being an integral part of the highway project; The issue has been examined by the Board. It has been decided that widening of an existing road by constructing additional lanes as a part of a highway project by an undertaking would be regarded as a new infrastructure facility for the purpose of section

D.C.I.T, CIR-2,KOLKATA, KOLKATA vs. M/S PRICE WATER HOUSE COOPERS PVT., KOLKATA

In the result, to sum up, the appeals of the revenue in ITA No

Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]

property of the hirer or confer on the hirer an option to purchase the equipment , the transactions should be regarded as one of hire purchase. In such case the periodical payments made by the hirer should for tax purposes be regarded as made up of :- a) Consideration for hire, to be allowed as a deduction in the assessment (i.e interest

D.C.I.T, CIR-2,KOLKATA, KOLKATA vs. M/S PRICEWATERHOUSE COOPERS PVT, KOLKATA

In the result, to sum up, the appeals of the revenue in ITA No

Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]

property of the hirer or confer on the hirer an option to purchase the equipment , the transactions should be regarded as one of hire purchase. In such case the periodical payments made by the hirer should for tax purposes be regarded as made up of :- a) Consideration for hire, to be allowed as a deduction in the assessment (i.e interest

PRICE WATERHOUSE COPPERS PRIVATE LIMITED,KOLKATA vs. ADDL C.I.T RG - 2,KOLKATA, KOLKATA

In the result, to sum up, the appeals of the revenue in ITA No

Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]

property of the hirer or confer on the hirer an option to purchase the equipment , the transactions should be regarded as one of hire purchase. In such case the periodical payments made by the hirer should for tax purposes be regarded as made up of :- a) Consideration for hire, to be allowed as a deduction in the assessment (i.e interest

M/S PHILIPS INDIA LTD.,KOLKATA vs. DCIT, CIR-12(2), KOLKATA, KOLKATA

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

section 92A(2) of the Act. The assessee is engaged in 4 business segments as detailed below: 1. Consumer lifestyle 2. Healthcare 3. Lighting 4. Software Development Consumer Lifestyle consists of Domestic Appliances & Personal Care and Consumer Electronics divisions. It consists of Television, Shaving & Beauty, Audio & Video Multimedia, Domestic Appliances, Health & Wellness, and Peripherals & Accessories etc. A benchmarking study

DCIT, CIR-12(2), KOLKATA, KOLKATA vs. M/S PHILIPS INDIA LTD., KOLKATA

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

section 92A(2) of the Act. The assessee is engaged in 4 business segments as detailed below: 1. Consumer lifestyle 2. Healthcare 3. Lighting 4. Software Development Consumer Lifestyle consists of Domestic Appliances & Personal Care and Consumer Electronics divisions. It consists of Television, Shaving & Beauty, Audio & Video Multimedia, Domestic Appliances, Health & Wellness, and Peripherals & Accessories etc. A benchmarking study

DCIT, CIRCLE - 10, KOLKATA, KOLKATA vs. D I C INDIA LTD., KOLKATA

In the result, both appeals of Revenue stand dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

house Coopers as part of the documents and information kept and maintained by it. Rule 10D(e) casts a responsibility on the assessee to keep and maintain information and documents regarding description of functions performed by the assessee and its AEs involved in the international transactions. In this context, reference is made to Part-IV of the Report submitted