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. Accordingly, deduction for depreciation is not available under these sections against the rental income from the aforesaid property. Ld. AO thus rejected the claim of assessee in respect of the depreciation in respect of this property. 9.1. Ld. AO also noted that assessee has obtained the said property under development agreement. According to him, no cost of acquisition

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. Accordingly, deduction for depreciation is not available under these sections against the rental income from the aforesaid property. Ld. AO thus rejected the claim of assessee in respect of the depreciation in respect of this property. 9.1. Ld. AO also noted that assessee has obtained the said property under development agreement. According to him, no cost of acquisition

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. Accordingly, deduction for depreciation is not available under these sections against the rental income from the aforesaid property. Ld. AO thus rejected the claim of assessee in respect of the depreciation in respect of this property. 9.1. Ld. AO also noted that assessee has obtained the said property under development agreement. According to him, no cost of acquisition

DCIT,CIRCLE-8, KOLKATA, KOLKATA vs. M/S. THE SATURDAY CLUB LTD, KOLKATA

In the result, the appeals of the Revenue for A

Bench: Shri Rajpal Yadav, Vice- & Dr. Manish Borad

House Property: On perusal of the details filed by the assessee it is observed that during the year the assessee earned rental income amounting to Rs.57,98,259/- from letting out property to Reliance Industries Ltd. The assessee vide order sheet noting dated 18.02.2014 was asked to show cause why the rental income earned from Reliance Industries should

THE SATURDAY CLUB LIMITED,KOLKATA vs. DCIT, CIR-8(2), KOLKATA, KOLKATA

In the result, the appeals of the Revenue for A

Bench: Shri Rajpal Yadav, Vice- & Dr. Manish Borad

House Property: On perusal of the details filed by the assessee it is observed that during the year the assessee earned rental income amounting to Rs.57,98,259/- from letting out property to Reliance Industries Ltd. The assessee vide order sheet noting dated 18.02.2014 was asked to show cause why the rental income earned from Reliance Industries should

THE SATURDAY CLUB LIMITED,KOLKATA vs. DCIT, CIRCLE - 8(2), KOLKATA, KOLKATA

In the result, the appeals of the Revenue for A

Bench: Shri Rajpal Yadav, Vice- & Dr. Manish Borad

House Property: On perusal of the details filed by the assessee it is observed that during the year the assessee earned rental income amounting to Rs.57,98,259/- from letting out property to Reliance Industries Ltd. The assessee vide order sheet noting dated 18.02.2014 was asked to show cause why the rental income earned from Reliance Industries should

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

43,000/- u/s 143(3) of the Act. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A) who dismissed the appeal of the assessee by holding as under: “The main object of the appellant is with respect to auto parts and has no relation to dealings in real estate. In the case of Sultan

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

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Dcit, Circle 10(1) Hind Ceramics Pvt. Ltd. Aaykar Bhawan Poorva, P-7, 147, Nilganj Road, Belghoria, Chowringhee Square, Vs. Kolkata-700056, West Bengal Kolkata-700069, West Bengal (Appellant) (Respondent) Pan No. Aaach7998D Assessee By : S/Shri Soumitra Choudhury & P. Sarkar, Ars Revenue By : Shri Madhumita Das, Dr Date Of Hearing: 15.10.2025 Date Of Pronouncement: 19.11.2025

section 43(5) but it is to be taxed as profit on sale of right as income of the assessee. Thus Ground No. 6 to 8 are dismissed.” 2.3. After hearing the rival contentions and perusing the materials available on record, we find that the assessee has shown the rental income under the head house property

ACIT, CIRCLE - 6(2), KOLKATA vs. M/S. NAGREEKA SYNTHETICS PVT. LTD., KOLKATA

In the result, the appeal of the revenue is allowed for statistical purposes and the cross-objection by the assessee are dismissed

Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 427/Kol/2019 Assessment Year: 2009-10 Asst. Commissioner Of Income Tax, M/S. Nagreeka Synthetics Pvt. Ltd. Circle-6(2), Kolkata Vs 6Th Floor, Jain Chamber 18, R.N. Mukherjee Road Kolkata - 700001 [Pan : Aaacn8691D] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) C.O. No. 19/Kol/2021 Assessment Year: 2009-10 M/S. Nagreeka Synthetics Pvt. Ltd. Asst. Commissioner Of Income 6Th Floor, Jain Chamber Vs Tax, Circle-6(2), Kolkata 18, R.N. Mukherjee Road Kolkata - 700001 [Pan : Aaacn8691D] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri S.D. Verma, Advocate Revenue By : Shri Abhijit Kundu, Cit D/R सुनवाई क" तारीख/Date Of Hearing : 05/09/2023 घोषणा क" तारीख /Date Of Pronouncement: 09/11/2023 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Revenue Against The Order Of The Learned Commissioner Of Income Tax (Appeals)- 4, Kolkata (Hereinafter The “Ld. Cit(A)”) Dt. 21/06/2018, Passed U/S 250 Of The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2009- 10. The Assessee Has Filed A Cross-Objection Being C.O. No. 19/Kol/2021. 2. The Registry Has Pointed Out That There Is A Delay Of 965 Days In Filing The Cross-Objection By The Assessee. The Assessee Has Filed A 2

house property, capital gains and income from other sources and w.e.f. 01/04/2015, even the companies whose principle business is that of trading in shares and that of banking or of granting of loans and advance then in case of such companies other than those referred above, it along with its main 5 I.T.A. No. 427/Kol/2019 Assessment Year

WEST BENGAL ELECTRONICS INDUSTRY DEVELOPMENT CORPORATION LIMITED,KOLKATA vs. D.C.I.T./A.C.I.T., CIRCLE - 2(1), KOLKATA, KOLKATA

Appeals of the assessee are allowed

Section 24 of the I.T. Act, 1961 allows making certain deduction\nfrom the Net Annual Value of certain House property. Net Annual Value is Gross\nAnnual Value less Municipal Taxes paid. In case the property is let out, its rent\nreceived is Gross Annual Value,\nIn view of the above, it is clear that standard deduction@ 30% is available

WEST BENGAL ELECTRONICS INDUSTRY DEVELOPMENT CORPORATION LIMITED,KOLKATA vs. DCIT/ACIT, CIRCLE - 2(1), KOLKATA, KOLKATA

Appeals of the assessee are allowed

Section 24 of the I.T. Act, 1961 allows making certain deduction\nfrom the Net Annual Value of certain House property. Net Annual Value is Gross\nAnnual Value less Municipal Taxes paid. In case the property is let out, its rent\nreceived is Gross Annual Value,\nIn view of the above, it is clear that standard deduction@ 30% is available

MAITHAN CERAMIC LTD ,IDEAL CENTRE vs. CIRCLE-7(1), AAYAKAR BHAWAN

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

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Ble

house property – Rs.1,43,894/- (d) Interest received on IT Refunds – Rs. 1,43,894/- 4. The ld. Counsel for the assessee vehemently argued referring to the paper book dt. 18/09/2023 containing 94 pages and also made detailed submissions in support of its grounds of appeal. On the other hand, the ld. D/R supported the order

SAFAL PROPERTIES PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 11(2), KOLKATA, KOLKATA

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

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2016-17

house property has been computed at Rs. 56,45,933/-. In this respect, the provision of section 24(b) are reproduced as under: “24 (b)where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, amount of any interest payable on such capital: Provided that in respect of property referred to in sub -section

AASHIRWAD VINCOM PVT. LTD.,KOLKATA vs. I.T.O., WARD - 9(1), KOLKATA, KOLKATA

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

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2013-14

house property”, “Capital gains” and “Income from other sources”] or a company [the principal business of which is the business of trading in shares or banking] or the granting of loans and advances) consists in the purchase and sale of shares of other companies, such company shall, for the purposes of this section, be deemed to be carrying

SHUVRO CHATTARAJ,KOLKATA vs. PCIT , BURDWAN

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

Bench: Shri Rajpal Yadav & Shri Rakesh Mishraassessment Year: 2015-16

section 53A of the Transfer of Property Act. Subsequently the assessee claimed exemption u/s 54EC and 54F on the basis of the fact that date of transfer of the same property as the date of registration, thus claiming and allowing the date of transfer as the date of registration was not in order for availing exemptions u/s. 54EC

ASSISTANT COMMISSIONER OF INCOME, CIRCLE - 7(1), KOLKATA, KOLKATA vs. DAMODAR VALLEY CORPORATION, KOLKATA

Bench: Sri Sanjay Garg & Dr. Manish Borad

property both movable and immovable. Section 80 of the Page 8 of 15 I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 AYs: 2012-13, 2016-17, 2017-18 & 2018-19 Damodar Valley Corporation. said Act could be relevant which declares the Kerala State Electricity Board to be a company within the meaning of Income-tax Act, 1922 (old Act.) and further declares

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), KOLKATA, KOLKATA vs. DAMODAR VALLEY CORPORATION, KOLKATA

Bench: Sri Sanjay Garg & Dr. Manish Borad

property both movable and immovable. Section 80 of the Page 8 of 15 I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 AYs: 2012-13, 2016-17, 2017-18 & 2018-19 Damodar Valley Corporation. said Act could be relevant which declares the Kerala State Electricity Board to be a company within the meaning of Income-tax Act, 1922 (old Act.) and further declares

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), KOLKATA, KOLKATA vs. DAMODAR VALLEY CORPORATION, KOLKATA

Bench: Sri Sanjay Garg & Dr. Manish Borad

property both movable and immovable. Section 80 of the Page 8 of 15 I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 AYs: 2012-13, 2016-17, 2017-18 & 2018-19 Damodar Valley Corporation. said Act could be relevant which declares the Kerala State Electricity Board to be a company within the meaning of Income-tax Act, 1922 (old Act.) and further declares