HARIT PROPERTIES PVT. LTD..,KOLKATA vs. ITO, WARD-5(1), KOLKATA

In the result, the appeal of assessee is dismissed

Section 2(1A)(c), Agriculture Income includes any income derived from the building owned & occupied by the receiver of the rent or revenue of any such land provided that the building is on or in the immediate vicinity of the land and is used as a dwelling house or as a store house of the agriculture produce. 4. That

GANESHDAS RAMGOPAL,KOLKATA vs. DCIT, CIR-40, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Hon’Ble Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Year : 1999-2000

220/- realized from the tenants/ occupiers of the house property situated at 3, Dacres Lane and 2/6 Sarat Bose Road respectively for assessment under the head 'Income from House Property' in the rectification proceedings though such amount was neither assessed under the head 'Income from House Property' in assessment originally made under sections

HIND CERAMICS PVT. LTD., ,KOLKATA vs. DCIT, CIRCLE - 10(1), KOLKATA

In the result, the appeal of the assessee is allowed

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

220/-. The case of the assessee was selected for scrutiny and statutory notices were duly issued along with questionnaire and served upon the assessee. During the course of assessment proceedings, the ld. AO noticed that the assessee has offered total license fees of ₹2,37,32,969/- from various shop keepers/ showroom owners to whom these premises were licensed

HIND CERAMICS PVT. LTD.,,KOLKATA vs. DCIT, CIRCLE - 10(1), KOLKATA

In the result, the appeal of the assessee is allowed

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

220/-. The case of the assessee was selected for scrutiny and statutory notices were duly issued along with questionnaire and served upon the assessee. During the course of assessment proceedings, the ld. AO noticed that the assessee has offered total license fees of ₹2,37,32,969/- from various shop keepers/ showroom owners to whom these premises were licensed

ESJAY COMMERCE LIMITED,KOLKATA vs. ADIT, CPC, BENGALURU, BENGALURU

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawalassessment Year: 2020-21

house property as reported in the return. However, while computing the income from business and profession instead of reducing the rental income of Rs.72,30,427/-, CPC, Bengaluru reduced the amount of Rs.62,14,211/- from the net profit which has resulted in the increase in income from the business and profession by Rs.10,16,216/-. Aggrieved, assessee went

ABC INDIA LIMITED,KOLKATA vs. DCIT, CIRCLE 11(1),, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shripradip Kumar Choubey, Jm Abc India Limited Dcit, Circle 11(1) 40/8, Ballygunj, Circular Road, Aayakar Bhawan, Chowringhee Kolkata, West Bengal-700019 Square, Kolkata-700069 Vs. West Bengal (Appellant) (Respondent) Pan No. Aacca2035J Assessee By : Shri S.K. Pransukhka, Ar Revenue By : Shri Sanjib Kumar Paul, Dr Date Of Hearing: 16.02.2026 Date Of Pronouncement: 15.04.2026

220 Visakhapatnam land. 4. The Ld. CIT(A) erred in sustaining the action of AG of denying cost of acquisition of Rs 89,04,600/-as on 1.4.2001 and also denying the cost of improvement of Rs 68,48,232/- in respect of Jagi Road Land. 5. The Ld. CIT(A) erred in sustaining the action of treating gross rent

NIRMAL KUMAR RAY,KOLKATA vs. JCIT, R-26, KOLKATA, KARNATAKA

In the result, the appeal of the assessee is treated as allowed for statistical purposes

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

house property and Rs.27,000/- being income from Post Office Term Deposit. In Assessment Year: 2010-2011 the assessment completed under section 143(3)/147 vide an order dated 28.03.2013, the total income of the assessee was determined by the Assessing Officer at Rs.66,63,220

D.C.I.T CIR - 1,KOLKATA, KOLKATA vs. M/S A.K.G FINVEST LTD, KOLKATA

In the result, appeal of revenue is dismissed

Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]

House Property', ‘Other Source' or 'Capital Gains'. Therefore, the assessee has the main Income/Loss from Business as discussed above. As such Explanation below section 73 of the Income Tax Act applicable in assessee's case which states that Where any part of the business of a company consists in the purchase and sale of shares 3 AKG Finvest

VISA POWER LIMITED ,KOLKATA vs. PR.CIT - 4, KOLKATA , KOLKATA

In the result, the appeal of the assessee is dismissed as per terms indicated hereinabove

Bench: Shri Manish Borad & Shri Sonjoy Sarmaआयकर अपील सं.य/ Assessment Year: 2013-14 बनाम Visa Power Limited P.C.I.T-4, Kolkata-700 069 Visa House, V/S. 8/10 Alipore Road, Kolkata-700 027. Pan: Aaccv-1853-D अपीलाथ" /Appellant ""यथ" /Respondent ..

House Property, (iii) Profits & gains of business or profession. (iv) Capital gains and (v) Income from other sources. If an assessee has to incur an expenditure in order to make the earning of an income possible, then such expenditure would be clubbed with the entire accounts drawn in that respect. So far as pre­operative situation is concern as there

LALJI & SONS,BANKURA vs. ACIT, CIRCLE - BANKURA, BANKURA

In the result, all the appeals of assessee are allowed

Bench: : Shri M. Balaganesh & Shri S.S.Viswanethra Ravi

house property & capital gains. The assessee filed its return on 22-09-03 showing a total income of Rs.1,96,808/-. Accordingly, the said return was processed by raising a demand of Rs.206/-. Subsequently, on an information regarding declaration of less value of the property by issuing a notice u/s. 148 of the Act, the AO reopened the original assessment

A.C.I.T CIR - 1,HOOGHLY, HOOGHLY vs. M/S JAIRAM DISTRIBUTORS, HOOGHLY

In the result, the appeal of the Revenue is dismissed

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

220 the Hon’ble Punjab and Haryana High Court has explained the important principle of law in relation to powers of AO u/s 147 of the Act and time limit set out therein as well as u/s 143(2) of the Act. The Hon’ble High Court has taken note that notice for scrutiny

BENGAL STEEL INDUSTRIES LTD., ,KOLKATA vs. ITO, WARD - 11(3), KOLKATA , KOLKATA

Appeal is dismissed

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godaraassessment Year: 2012-13

house property / rental income and carries out investment business. The assessee had filed its original return on 26.09.2012 declaring total income at ₹501,410/-. The same stood summarily processed on 08.05.2013 by CPC. ITA No.699/Kol/2018 Assessment Year 2012-13 Bengal Steel Industries. Ltd. Vs ITO Wd-11(3), Kol. Page 2 The assessing authority thereafter formed reasons to believe that

ACIT, CIR-4, KOLKATA, KOLKATA vs. M/S R. K. COMMERCIAL LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.T.Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1330/Kol/2014 ("नधा"रणवष" / Assessment Year:2007-08)

section 68 of the Act to the tune of Rs. 12,86,00,032/-. 7. Aggrieved by the stand so taken by the Assessing Officer, the Assessee carried the matter in appeal before the Ld. CIT(A) who has deleted the addition. Aggrieved by the order of the Ld. CIT(A), the Revenue is in appeal before

DCIT, CIRCLE-22, KOLKATA, KOLKATA vs. M/S LOVELOCK & LEWES, KOLKATA

In the result, the appeal of the revenue is dismissed

house property & rent and conducts its business under the name & style of M/s. Lovelock & Lewes. The assessee filed its original return of income declaring a total income of Rs.24,84,85,909/- within due date i.e on 30-09- 2009. Subsequently, the assessee filed a revised return declaring total income at Rs.25,37,78,154/-. The AO determined the same

M/S. SALARPURIA PROPERTIES PVT. LTD., ,KOLKATA vs. DCIT, CIRCLE - 1, KOLKATA, KOLKATA

In the result, assessee’s appeal in ITA No

Bench: Shri Sanjay Garg & Shri Rajesh Kumar]

220/- u/s 115JAA of the Act. 7 IT(SS)A Nos. 42 to 44/Kol/2019 IT(SS)A Nos. 54 to 57/Kol/2019 IT(SS)A Nos. 64 to 67/Kol/2019 C.O. Nos. 42 to 45/Kol/2019 (Arising out of IT(SS)A Nos. 64 to 67/Kol/2019) AY: 2010-11 to 2016-17, 2010-11, 2014-15 to 2016-17 M/s Salarpuria Properties

PHILIPS INDIA LTD.,KOLKATA vs. PCIT-IV, KOLKATA, KOLKATA

In the result, appeal of the assessee is dismissed

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravi] I.T.A. No. 1142/Kol/2016 Assessment Year: 2009-10 Philips India Limited..........……………………………………....………………..…………………….….Appellant Earlier Known As Philips Electronics India Limited 7 No. Justice Chandra Madhab Road Kolkata – 700 020 [Pan : Aabcp 9487 A] Principal Commissioner Of Income Tax - Iv, Kolkata…….............…....................…...Respondent Appearances By: Shri P.J. Pardiwala, Sr. Advocate & Shri Navneet Misra, Advocate, Appeared On Behalf Of The Assessee. Shri Robin Choudhury, Addl. Cit D/R, Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : January 10Th, 2019 Date Of Pronouncing The Order : March 27Th, 2019 O R D E R Per J. Sudhakar Reddy :-

Properties vs. Director of Income-tax (supra). The contention of the assessee in this case was that, the order framed on the directions given by the DDIT u/s 144A of the Act, could not be revised u/s 263 of the Act, as to the extent, the Assessing Officer could not be said to have applied his mind. The Tribunal held

TRUE-MAN CONSULTANTS PVT. LTD. ,KOLKATA vs. ITO,WARD-7(2),KOLKATA. , KOLKATA

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

Bench: Sri Rajpal Yadav & Dr. Manish Borad

220), Audited Limited. (Page no. 224 of the Balance Sheet (224), Bank statement AAICA6743K paper book) (233), Incorporation certificate (234), Income Tax Return Acknowledgement (235), Master data as appearing on MCA (236), details of directors as appearing on MCA (237), Memorandum and Articles of Association (238), Copy of PAN Card (256) copy of share applications (258- 261), Copy of confirmation

DCIT, CIRCLE - 11, KOLKATA, KOLKATA vs. M/S. DEVELOPMENT CONSULTANTS LTD., KOLKATA

In the result, the appeal filed by the Revenue is dismissed and cross

Bench: Shri N.V.Vasudevan, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.1591/Kol/2010 ("नधा"रण वष" / Assessment Year :2005-2006) Dy.Commissioner Of Income Vs. Development Consultants Tax, Cir-11, Kolkata, Ltd.,24B, Development House, P-7, Chowringhee Square, Park Street, Kolkata-700016 Kolkata-700069 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacd 8900 F .. (अपीलाथ" /Assessee) (""यथ" / Respondent)

House, Park Street, P-7, Chowringhee Square, Kolkata-700016 Kolkata-700069 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAACD 8900 F .. (अपीलाथ" /Assessee) (""यथ" / Respondent) राज"व क" ओर से /Revenue by : Shri G.Mallikarjuna, CIT, DR "नधा"रती क" ओर से /Assessee by : Shri Kamal Sawhney, Advocate सुनवाई क" तार"ख / Date of Hearing : 31/01/2017 घोषणा क" तार"ख/Date