D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

house.\n4. That on the facts and circumstances of the case, the Ld. CIT(A) erred in\ncorrect in treating the expenditure of Rs.55,07,700/- claimed towards\nTrademark and Copyright consultancy under the head \"Professional Fees\"\nas revenue expenditure instead of capital expenditure as treated by the AO\nin the assessment proceeding.\n5. That on the facts and circumstances

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

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

house.\n4. That on the facts and circumstances of the case, the Ld. CIT(A) erred in\ncorrect in treating the expenditure of Rs.55,07,700/- claimed towards\nTrademark and Copyright consultancy under the head \"Professional Fees\"\nas revenue expenditure instead of capital expenditure as treated by the AO\nin the assessment proceeding.\n5. That on the facts and circumstances

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

house.\n4. That on the facts and circumstances of the case, the Ld. CIT(A) erred in\ncorrect in treating the expenditure of Rs.55,07,700/- claimed towards\nTrademark and Copyright consultancy under the head \"Professional Fees\"\nas revenue expenditure instead of capital expenditure as treated by the AO\nin the assessment proceeding.\n5. That on the facts and circumstances

D.C.I.T CIR - 10(1), KOLKATA vs. M/S EUREKA FORBS LTD, KOLKATA

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

house.\n4. That on the facts and circumstances of the case, the Ld. CIT(A) erred in\ncorrect in treating the expenditure of Rs.55,07,700/- claimed towards\nTrademark and Copyright consultancy under the head \"Professional Fees\"\nas revenue expenditure instead of capital expenditure as treated by the AO\nin the assessment proceeding.\n5. That on the facts and circumstances

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

73,83,433/- u/s 143(3) of the Act and penalty of ₹171,66,35,574/- was also imposed u/s 270A of the Act. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A), who partly allowed the appeal of the assessee by dismissing the ground of disallowance of expenses exceeding the prescribed limit

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

73,83,433/- u/s 143(3) of the Act and penalty of ₹171,66,35,574/- was also imposed u/s 270A of the Act. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A), who partly allowed the appeal of the assessee by dismissing the ground of disallowance of expenses exceeding the prescribed limit

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

73,83,433/- u/s 143(3) of the Act and penalty of ₹171,66,35,574/- was also imposed u/s 270A of the Act. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A), who partly allowed the appeal of the assessee by dismissing the ground of disallowance of expenses exceeding the prescribed limit

INDIAN CHAMBER OF COMMERCE. ,KOLKATA vs. DCIT, CIR-1(1), (EXEMPTION), KOLKATA

In the result, both the appeals of the assessee are allowed

Bench: Shri Rajpalyadav, Vice-(Kz) & Shri Rajesh Kumar]

houses within country and abroad. The ICC was set up with the sole purpose of promotion and protection of Indian business and industry and was duly registered u/s 12A of the Act as a charitable association with the main objects as set out in Clause 3 of MAA of the assessee company as “to promote and protect the trade, commerce

INDIAN CHAMBER OF COMMERCE,KOLKATA vs. DCIT,CIR-1(1), (EXEMPTION), KOLKATA. , KOLKATA

In the result, both the appeals of the assessee are allowed

Bench: Shri Rajpalyadav, Vice-(Kz) & Shri Rajesh Kumar]

houses within country and abroad. The ICC was set up with the sole purpose of promotion and protection of Indian business and industry and was duly registered u/s 12A of the Act as a charitable association with the main objects as set out in Clause 3 of MAA of the assessee company as “to promote and protect the trade, commerce

NEZONE TUBES LIMITED,KOLKATA vs. DCIT, CIRCLE 1(1), KOLKATA

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

Bench: Shri George Mathan & Shri Rakesh Mishra

73 contain the invoice and the consignment note; however it is noted that the address of Delivery office is not mentioned on the consignment note no. 5280 dated 26.07.2010 and page 74 is the weighment certificate dated26.07.2010 and contain the details of 10.280 Kg. of the goods. 8. The Ld. AR has also placed reliance upon the decision

NEZONE TUBES LIMITED,KOLKATA vs. DCIT, CIRCLE 1(1), KOLKATA

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

Bench: Shri George Mathan & Shri Rakesh Mishra

73 contain the invoice and the consignment note; however it is noted that the address of Delivery office is not mentioned on the consignment note no. 5280 dated 26.07.2010 and page 74 is the weighment certificate dated26.07.2010 and contain the details of 10.280 Kg. of the goods. 8. The Ld. AR has also placed reliance upon the decision

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

1. Whether on the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law in not appreciating the fact that the loss in purchase and sale of shares of other companies including trading in derivatives/derivative trading loss is speculation business loss in view of the explanation to the section 73 of the Income

SMT. PRIYANKA GANGULY,KOLKATA vs. D.C.I.T.(IT)-CIRCLE-2(1), KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Dr. Manish Borad&Shri Anikesh Banerjee]

1), Kolkata (hereinafter referred to as the DCIT) in restricting the claim of home loan interest deduction under section 24 of the Act to 50% only, though the entire repayment of housing loan was made by me. 3.Addition on account of refund of loan advanced to a friend considered as income The CIT(A) erred in confirming the action

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

house on 03.10.2016 whereas the assessee sold the property on 09.12.2013. According to Ld. 6 Manick Chandra Paul, AY: 2014-15 AO, it meant that valuation was done after a lapse of three years from the transfer of property. Therefore, according to the Ld. CIT(A), the estimation of the cost of the property is not correct

AASHIRVAD VILLA LIMITED. ,KOLKATA vs. ITO, WARD-4(3), KOLKATA. , KOLKATA

In the result, the appeal filed by the assessee bearing

Bench: Shri Rajesh Kumar & Shri Anikesh Banerjeei.T.A. No. 1372/Kol/2023 Assessment Year: 2020-2021 Aashirvad Villa Limited,.........................Appellant 21A, Belvedere Road, Kolkata-700027 [Pan: Aaecs6659N] -Vs.- Income Tax Officer,.................................Respondent Ward-4(3), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances By: Puja Somani, C.A., Appeared On Behalf Of The Assessee Shrip.P. Barman, Addl. Cit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : February 13, 2024 Date Of Pronouncing The Order : February 13, 2024

73 of the paper book. During the year, the intra-head adjustment of the loss in respect of house property and the business loss was duly adjusted with the capital gain, which was permitted under section 71(2) of the Act. Ld. A.R. further argued that the Revenue has contravened the proviso to section 143(1

A.C.I.T.,CENTRAL CIRCLE-1(2), KOLKATA vs. M/S ESTIN TIE UP PVT. LTD., KOLKATA

In the result, the two cross appeals filed by the assessee as well as the Revenue are partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy & Shri Rakesh Mishra

73,872/- as on 01.04.2011. d) As per Note 10 on page 91 of the Paper Book, the assessee has NIL interest income, profit from redemption of mutual fund at ₹3,325/- and ITA Nos.: 32 & 141/KOL/2020 Assessment Year: 2013-14 M/s. Estin Tie Up Pvt. Ltd. rent of ₹24,000/- making the total other income

M/S ESTIN TIE UP PVT. LTD.,KOLKATA vs. A.C.I.T., CENTRAL CIRCLE-1(2), KOLKATA

In the result, the two cross appeals filed by the assessee as well as the Revenue are partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy & Shri Rakesh Mishra

73,872/- as on 01.04.2011. d) As per Note 10 on page 91 of the Paper Book, the assessee has NIL interest income, profit from redemption of mutual fund at ₹3,325/- and ITA Nos.: 32 & 141/KOL/2020 Assessment Year: 2013-14 M/s. Estin Tie Up Pvt. Ltd. rent of ₹24,000/- making the total other income

MAITHAN CERAMIC LTD.,,KOLKATA vs. ACIT, CIRCLE 7(1),, KOLKATA

In the result, appeal of the assessee is dismissed

Properties Pvt Ltd\n30.06.2010\n5,000,000\nChq\nNo\n10,675,616\n5,000,00\n1.R.N.Mkukherjee, 5th Floor\n02.07.2010\n5,000,000\nChq\n750,685\n75,069\n10,000,00\nKolkata-700 001\n31.03.2011\n10,675,61\nPA No. AACCA 2514J\nHarvard Trading Pvt Ltd\n22.06.2010\n4,000,000\nRTGS\nNo\n4,279,123\n4,000,00\n1,R.N.Mkukherjee