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 from sub-letting: 3.1. On perusal of the details filed by the assessee it is observed that during the year the assessee earned income from sub-letting amounting to Rs.69,42,958/- from letting out property to Reliance Industries Ltd. and income from service fee of Rs.47,95,168/- from Reliance Industries Ltd. assessee was asked to show

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 from sub-letting: 3.1. On perusal of the details filed by the assessee it is observed that during the year the assessee earned income from sub-letting amounting to Rs.69,42,958/- from letting out property to Reliance Industries Ltd. and income from service fee of Rs.47,95,168/- from Reliance Industries Ltd. assessee was asked to show

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 from sub-letting: 3.1. On perusal of the details filed by the assessee it is observed that during the year the assessee earned income from sub-letting amounting to Rs.69,42,958/- from letting out property to Reliance Industries Ltd. and income from service fee of Rs.47,95,168/- from Reliance Industries Ltd. assessee was asked to show

RAMAUTAR SARAF (HUF),KOLKATA vs. ITO, WARD 59(3),, KOLKATA

In the result, the appeal of the assessee is allowed

58,90,114/-. However, the assessee claimed exemption u/s 54F by\nstating that he has invested an amount of Rs. 64 lakhs towards purchase of land and\nconstruction of house property by virtue of agreement entered into with M/s Dhatri\nConstruction Pvt. Ltd. on 19/03/2008. Perusal of the agreement of sale dated\n19/03/2008 between the assessee and M/s Dhatri Constructions

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

58,880/- as per section 115JB of the Act. During the assessment proceeding, the Ld. AO disallowed the excess interest expenses of Rs. 1,01,74,603/-, made disallowance u/s 14A of the Act of Rs. 19,57,083/- and disallowance u/s 40(a)(ia) of the Act of Rs. 76,31,958/- and determined the total income

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

58,11,050/- aggregating to ₹3,16,55,642/-. The ld. AR also noted that assessee paid lease rental of ₹28,49,260/- to Dalmia Jain Trust, Dalmia Manav Seva Trust, Vishwa kalyanSansthan and thus, net amount received by the assessee was ₹2,88,06,379/-, which is been offered to tax as income from the house property after claiming

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]

property and also made addition of Rs.67,33,100/- towards cash deposited in the bank account of the assessee whereas the Ld. Pr. CIT has stated that the Assessing Officer has added lesser amount by deducting the total cash expenditure shown by the assessee on the construction of the house during the impugned year of Rs.79,76,789/- and reducing

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]

property and also made addition of Rs.67,33,100/- towards cash deposited in the bank account of the assessee whereas the Ld. Pr. CIT has stated that the Assessing Officer has added lesser amount by deducting the total cash expenditure shown by the assessee on the construction of the house during the impugned year of Rs.79,76,789/- and reducing

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]

property and also made addition of Rs.67,33,100/- towards cash deposited in the bank account of the assessee whereas the Ld. Pr. CIT has stated that the Assessing Officer has added lesser amount by deducting the total cash expenditure shown by the assessee on the construction of the house during the impugned year of Rs.79,76,789/- and reducing

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]

property and also made addition of Rs.67,33,100/- towards cash deposited in the bank account of the assessee whereas the Ld. Pr. CIT has stated that the Assessing Officer has added lesser amount by deducting the total cash expenditure shown by the assessee on the construction of the house during the impugned year of Rs.79,76,789/- and reducing

JALUIDANGA PASCHIM NASARATPUR SAMABY KRISHI UNNAYAN SAMITY LIMITED,BARDHAMAN, WEST BENGAL vs. INCOME TAX OPPFICER, WARD-1(3), BURDWAN

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

Section 37 Software purchase being capital 25,000.00 expenditure debited in profit and loss account 29,58,419.00 Income from Business/Profession 29,58,419.00 3 3.2 Computation of Total Income Income from House property

THE BANK OF TOKYO-MITSUBISHI LIMITED,KOLKATA vs. ADIT, INT. TAX., KOLKATA

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

Bench: SHRI SATBEER SINGH GODARA (Judicial Member), SHRI S. RIFAUR RAHMAN (Accountant Member)

Section 37 Software purchase being capital 25,000.00 expenditure debited in profit and loss account 29,58,419.00 Income from Business/Profession 29,58,419.00 3 3.2 Computation of Total Income Income from House property

EMERALD COMPANY PVT. LTD.,KOLKATA vs. DCIT, CIR. 8(1), KOLKATA

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

Bench: Sri Sanjay Garg & Sri Sanjay Awasthi

house property at Rs. 3,60,000/- and interest on bank deposits at Rs. 58,298/-. Thereafter, he proceeded to draw the conclusion that the entire gamut of expenses claimed by the assessee were relatable to exempted income and were thus, required to be assessed u/s 14A of the Act. Incidentally, considering the specific directive in Section

MANICK CHANDRA PAUL,KOLKATA vs. DCIT, CIRCLE - 8(1), KOLKATA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishraassessment Year: 2014-15

58,880/- on the basis of the FMV determined by the registered valuer and thus offered capital gains of Rs.93,495/-. The Ld. A.O. has not accepted the revised computation of capital gains as well as the registered valuer’s report submitted by the assessee on the plea that the valuation report is a guess work and an afterthought which

SHREE GOVIND PROPERTY & INVESTMENTS PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 5(1),, KOLKATA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

House property amounting to ₹2,16,03,609/- and Income from other sources of ₹42,94,079/- being gross interest received and had also incurred current year’s loss amounting to ₹96,08,371/- under the head Profits and gains of business or profession. The set-off of business loss had been accepted and the assessment order

MADHU DEVI SARAF,KOLKATA vs. ACIT, CEN. CIR. 3(3), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Us. It Is Seen

house property (Rs. 3.60 Lakh), interest of bank deposits (Rs. 58,298/-) and income from business and profession showing a loss of Rs. 46,83,643/-. At this stage it needs to be mentioned that the contention of the ld. A/R that no satisfaction has been recorded is also not justified considering that the Id. AO has clearly recorded that

DURGAPUR SOCIETY OF MANAGEMENT SCIENCE,DURGAPUR vs. ITO, CIR-2, EXEMPT, KOL. , KOLKATA

In the result, appeal of the assessee is allowed

Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 498/Kol/2023 Assessment Year: 2018-19 Durgapur Society Of Management Income Tax Officer, Circle-2, Science Vs Exempt, Kolkata Dr. Zakir Hussain Avenue Hudco More Bidhannager Durgapur - 713206 [Pan : Aaatd7804P] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Surana, A.R. Revenue By : Shri Abhijit Kundu, Cit, D/R सुनवाई क" तारीख/Date Of Hearing : 06/09/2023 घोषणा क" तारीख /Date Of Pronouncement: 01/12/2023 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The Commissioner Of Income Tax (Exemption) (Hereinafter The “Ld. Cit(E)”) Dt. 21/03/2023, Passed U/S 263 Of The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2018-19. 2. The Assessee Has Raised The Following Grounds Of Appeal:- “1. For That The Ld Pcit Erred In Setting Aside The Order In The Light Of The Judgement Of The Hon'Ble Apex Court In The Case Of New Noble Educational Society Pronounced On 19Th Oct, 2022 When The Judgement Itself Clearly Stated That It Should Be Applied Prospectively & Therefore The Order Of The Pcit Should Be Quashed Since The Order Passed By The Ao Was Neither Erroneous Nor Prejudicial To The Interests Of Revenue. 2. For That The Ld Pcit Erred In Holding That The Rent Received From The Building Which Was Let Out Since Lying Idle For Some Period Constituted Income From Business When The Objects The Predominant Object Of The Society Was Providing Education & 2

House Property. 6. For that even otherwise the income could be computed separately since the rental income was separately ascertainable. 7. For that on the facts and circumstances of the case, the order of the Ld PCIT is liable to be set aside.” 3. Thought the assessee has raised various grounds of appeal, the sole grievance of the assessee

POINEER PROPERTY MANAGEMENT LTD.,KOLKATA vs. ACIT, CIR. 7(2), KOLKATA

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

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Boradi.T.A. No. 467/Kol/2024 Assessment Year: 2013-2014 Pioneer Property Management Limited,…….Appellant 1St Floor, 10A, Rowdon Street, Kolkata-700017 [Pan:Aaccp5904H] -Vs.- Assistant Commissioner Of Income Tax,..…Respondent Circle-7(2), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances By: Shri Miraj D. Shah, A.R., Appeared On Behalf Of The Assessee Shri Ankur Goyal, Jcit, Sr. D.R. Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : May 30, 2024 Date Of Pronouncing The Order : June 07, 2024 O R D E R

58 to 80 of the paper book. According to the assessee, the family members of the Directors are residing in Flats No. 5A, 5B, 6A & 6B of Block-4 of the said Silver Spring Complex situated at 5JBS, Halden Avenue, Kolkata-700105. Flat Nos. 5C and 6C are stated to be used as a Guest House by the Company