D.C.I.T. CIR - 8,KOLKATA, KOLKATA vs. M/S PATTON DEVELOPERS PVT LTD, KOLKATA

In the result, appeal filed by Revenue is dismissed

Bench: Shri N.V. Vasudevan & Shri Waseem Ahmedassessment Year :2009-10 Dcit, Circle-8, Aayakar V/S. Patton Developers Pvt. Bhawan, 5Th Floor, P-7, Ltd., 3C, Camac Street, Chowringhee Square, Kolkata – 700 016 Kolkata-69 [Pan No.Aabct 2076 H] .. अपीलाथ" /Appellant ""यथ"/Respondent

house property” shall be computed after making the following deductions, namely:- (a) a sum equal to thirty per cent of the annual value; (b) where the property has been acquired, constructed, repaid, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital; Provided that in respect of property referred to in sub-section

D.C.I.T CIR - 6,KOLKATA, KOLKATA vs. M/S KILBURN ENGINEERING LTD, KOLKATA

In the result, appeal by the revenue is dismissed

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am ] Assessment Year : 2009-10

54G. (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer of a capital asset, being machinery or plant or building or land or any rights in building or land used for the purposes of the business of an industrial undertaking situate in an urban area, effected in the course

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

54G and 54H, be chargeable to income-tax under the head "Capital gains", and shall be deemed to be the income of the previous year in which the transfer took place. The transfer is defined under section 2(47) of the Act as under: 2(47) "transfer", in relation to a capital asset, includes,— (i) the sale, exchange or relinquishment

SHILPI MODI,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(2),, KOLKATA

Appeals of the assessee are allowed

54G and called upon the assessee to furnish the details of property and purchase details along with deed. The Ld. AR submitted that the assessee replied the said notice by uploading the response on the portal on 06.09.2023 acknowledgement of e-proceedings response at page no. 207, 208 and 209, a copy of reply available at page

RAVI MODI,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(2),, KOLKATA

Appeals of the assessee are allowed

54G and called upon the assessee to furnish the details of property and purchase details along with deed. The Ld. AR submitted that the assessee replied the said notice by uploading the response on the portal on 06.09.2023 acknowledgement of e-proceedings response at page no. 207, 208 and 209, a copy of reply available at page