DCIT, CIR-11(2), KOLKATA, KOLKATA vs. M/S P C CHANDRA (JEWELLERS) PVT. LTD., KOLKATA

In the result, Revenue’s appeal stands dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmedassessment Year :2011-12 Dct, Crcle-11(2), V/S. M/S P.C. Chandra P-7, Chowringhee (Jewellers), Pvt. Ltd., Square, Kolkta-69 49C, Gaiahat Road, Kolkata-19 [Pan No.Aabcp 8654 M] .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Sallong Yaden, Addl. Cit-Sr-Dr अपीलाथ" क" ओर से/By Appellant Shri Ravi Tulsiyan, Fca ""यथ" क" ओर से/By Respondent 11-01-2018 सुनवाई क" तार"ख/Date Of Hearing 02-02-2018 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per Waseem Ahmed:- This Appeal By The Revenue Is Directed Against The Order Of Commissioner Of Income Tax (Appeals)-4, Kolkata Dated 06.07.2015. Assessment Was Framed By Dcit, Circle-11, Kolkata U/S 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) Vide His Order Dated 28.08.2013 For Assessment Year 2011-12. Revenue Has Raised Following Ground:- “1. That On The Facts & In The Circumstances Of The Assessee Ld. Cit Has Erred In Deleting The Penalty Of Rs.23,68,786/- Imposed U/S. 271(1)(C) Of The It Act. 1961. 2. That The Appellant Craves For Leave To Add, Delete Or Modify Any Of The Grounds Of Appeal Before Or All The Time Of Hearing.”

10 The assessee had claimed certain deductions which were disallowed and addition had been made to its income. On the basis of this penalty proceedings under section 271(1)(c) of the Act were initiated for the assessment years 1993-94, 1994-95 and 1995-96. Penalty was imposed but it was cancelled by the Tribunal. On appeal: Held, dismissing

DCIT, CC-XVI, KOLKATA, KOLKATA vs. SHRI SATYAM ROY CHOWDHURY, KOLKATA

In the result, all the six appeals of the Revenue are dismissed

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

20,00,000/- 2003-2004 Rs. 35,00,000/- 2004-2005 Rs. 75,00,000/- 2005-2006 Rs.1,50,00,000/- 2006-2007 Rs.2,00,00,000/- TOTAL Rs.5,00,00,000/- 3. During the course of assessment proceedings, the assessee suo motu prepared a cash flow statement taking into consideration the I.T.A. No. 639, 640, 641, 642, 643 & 644/KOL

DCIT, CENTRAL CIRCLE - 2(2), KOLKATA, KOLKATA vs. M/S. RASHMI CEMENT LTD., , KOLKATA

Appeal is dismissed

Bench: Shri S. S. Godara, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./I.T.A Nos.1606/Kol/2017 ("नधा"रण वष" / Assessment Year: 2013-14) Dcit, Central Circle-2(2), Vs. Rashmi Cement Ltd. Kolkata 39, Shakespeare Sarani, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabcr 4343 R (Appellant) .. (Respondent) Appellant By : Shri Radhey Shyam, Cit-Dr Respondent By : Shri A. K. Tulsiyan, Fca सुनवाईक"तार"ख/ Date Of Hearing : 21/02/2019 घोषणाक"तार"ख/Date Of Pronouncement : 28/02/2019 आदेश / O R D E R Per Shri S. S. Godara: This Revenue’S Appeal For Assessment Year 2013-14 Arises Against The Commissioner Of Income Tax(A)-20, Kolkata Dated 13.04.2017 Passed In Case No.1119/Cc2(2)/Cit(A)/15-16 Reversing Assessing Officer’S Action Imposing Penalty Of Rs.3,09,69,700/- In His Order Dated 30.09.2015 U/S 271Aab Of The Income Tax Act, 1961 (In Short ‘The Act’). Heard Both The Parties. Case File Perused. 2. We Notice At The Time Of Hearing That This Revenue’S Appeal Suffers From Four Days Delay In Filing. It Filed Condonation Petition 06.07.2017 Describing Reasons Thereof To Various Procedural Formalities At Departmental Level. Learned Counsel Representing Assessee Is Very Fair In Not Disputing The Said Solemn Averments. We Therefore Condone The Impugned Four Days Delay In Filing Of Revenue’S Instant Appeal As Neither Intentional Nor Deliberate.

271(1)(c), Section 271AAA & Section 271AAB, the Legislature has restricted the scope of penal provision only to “undisclosed income” and not assessed total income. Moreover the term/expression “undisclosed income” has been defined by the Legislature in all such penal provisions in a specific and restricted manner and not in an inclusive manner. For that reason the definition of undisclosed

DCIT, CENTRAL CIRCLE - 2(2), KOLKATA , KOLKATA vs. M/S/ RASHMI METALIKS LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

271(1)(c), Section 271AAA & Section 271AAB, the Legislature has restricted the scope of penal provision only to “undisclosed income” and not assessed total income. Moreover the term/expression “undisclosed income” has been defined by the Legislature in all such penal provisions in a specific and restricted manner and not in an inclusive manner. For that reason the definition of undisclosed

SRI SASHI BADALIA,KOLKATA vs. A.C.I.T CC - XXVII,KOLKATA., KOLKATA

In the result, appeals filed by assessee are allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmed

10-12-2015 सुनवाई क" तार"ख/Date of Hearing 20-01-2016 घोषणा क" तार"ख/Date of Pronouncement आदेश /O R D E R PER Waseem Ahmed, Accountant Member:- These five appeals filed by same assessee against the order of Commissioner of Income Tax (Appeals)-II, Kolkata dated 11.01.2013. Assessments were framed by ACIT, CC-XXVII, Kolkata u/s

SRI SASHI BADALIA,KOLKATA vs. A.C.I.T CC - XXVII,KOLKATA., KOLKATA

In the result, appeals filed by assessee are allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmed

10-12-2015 सुनवाई क" तार"ख/Date of Hearing 20-01-2016 घोषणा क" तार"ख/Date of Pronouncement आदेश /O R D E R PER Waseem Ahmed, Accountant Member:- These five appeals filed by same assessee against the order of Commissioner of Income Tax (Appeals)-II, Kolkata dated 11.01.2013. Assessments were framed by ACIT, CC-XXVII, Kolkata u/s

SRI SASHI BADALIA,KOLKATA vs. A.C.I.T CC - XXVII,KOLKATA., KOLKATA

In the result, appeals filed by assessee are allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmed

10-12-2015 सुनवाई क" तार"ख/Date of Hearing 20-01-2016 घोषणा क" तार"ख/Date of Pronouncement आदेश /O R D E R PER Waseem Ahmed, Accountant Member:- These five appeals filed by same assessee against the order of Commissioner of Income Tax (Appeals)-II, Kolkata dated 11.01.2013. Assessments were framed by ACIT, CC-XXVII, Kolkata u/s

SRI SASHI BADALIA,KOLKATA vs. A.C.I.T CC - XXVII,KOLKATA., KOLKATA

In the result, appeals filed by assessee are allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmed

10-12-2015 सुनवाई क" तार"ख/Date of Hearing 20-01-2016 घोषणा क" तार"ख/Date of Pronouncement आदेश /O R D E R PER Waseem Ahmed, Accountant Member:- These five appeals filed by same assessee against the order of Commissioner of Income Tax (Appeals)-II, Kolkata dated 11.01.2013. Assessments were framed by ACIT, CC-XXVII, Kolkata u/s

SRI NARENDRA N. THACKER,KOLKATA vs. DCIT, C.C.XXIV, KOLKATA

ITA Nos.1786-

Bench: : Shri M. Balaganesh

penalty u/s 271(1)(c ) of the Act.” 8.4.3. We find that the assessee by making an additional disclosure of income for the Asst Years 2001-02 & 2002-03 in the sums of Rs. 2,50,000/- and Rs. 4,72,603/- respectively before any detection by the department in order to meet the deficiencies, if any, on the outflows

M/S. DHANSAR ENGINEERING (P) LTD.,DHANBAD vs. ACIT, C.C. - VII, KOLKATA, KOLKATA

In the result, the appeals of assessee are allowed

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

20,620/- declared u/s. 139(1) under original return filed on 19-12-2005 for A.Y 2005- 06. 7. In the course of search proceedings the assessee filed its explanation regarding cash etc... as found during the search with full particulars containing books of account etc. before the AO . The AO examined the same and no adverse inference was drawn

SMT. RASHMI JALAN,KOLKATA vs. A.C.I.T.CENTRAL CIRCLE-1(1), KOLKATA

In the result, appeal of the assessee is allowed

20% or 30% of the undisclosed income. There is no dispute that the AO has not spe There is no dispute that the AO has not specified the default and charge against the cified the default and charge against the assessee which necessitated the levy of penalty under assessee which necessitated the levy of penalty under section 271AAB section 271AAB

M/S PRICEWATERHOUSE COOPERS PVT. LTD.,KOLKATA vs. ACIT, CIRCLE-2(2), KOLKATA, KOLKATA

In the result, appeal of the assessee is allowed in part

Bench: Sri J. Sudhakar Reddy & Sri S.S. Godara) Assessment Year: 2011-12 M/S. Pricewaterhouse Coopers Private Limited……...............................……………………......Appellant Block-Ep, Plot –Y14 Salt Lake City Sector-V Kolkata – 700 091 [Pan : Aabcp 9181 H] Vs. Deputy Commissioner Of Income Tax (It), Circle-2(1), Kolkata……..........................…....Appellant Appearances By: Shri Kanchun Kaushal, A/R & Shri Bikash Kr. Jain, Ca, Appeared On Behalf Of The Assessee. Shri Vijay Shankar, Cit, D/R, Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 25Th, 2020 Date Of Pronouncing The Order : May 29Th, 2020 Order Per J. Sudhakar Reddy, Am :-

271(1)(c) of the Act are illegal notices and are are illegal notices and are void-ab-initio. In the case-law relied upon by the ld. law relied upon by the ld. Counsel, these notices u/s 156 and 274 of the Act, might have been held to be valid Counsel, these notices u/s

GANAPATI INDUSTRIAL (P) LTD.,KOLKATA vs. DCIT,CC-4(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is dismissed

Bench: Sh. P.M.Jagtap & Sh.S.S.Viswanethra Raviganpati Industrial Pvt.Ltd., Vs Dcit, 2, Hare Street, 3Rd Floor, Circle-4(2), Nicco House, Kolkata-700001. Kolkata. Pan-Aaacg9441Q (Appellant) (Respondent) Vs Dcit, Jekay International Pvt.Ltd., 2, Hare Street, 3Rd Floor, Circle-4(2), Nicco House, Kolkata-700001. Kolkata. Pan-Aabcj6307K (Appellant) (Respondent) Appellant By Shri.M.Satnaliwala, Fca Respondent By Shri.Anand Kumar Kedia, Cit Dr Date Of Hearing 28.11.2018 Date Of Pronouncement 15.02.2019 Order Per S.S. Viswanethra Ravi

271 shall be imposed upon the assessee in respect of the undisclosed income referred to in sub-section (1). (3) The provisions of sections 274 and 275 shall, as far as may be, apply in relation to the penalty referred to in this section.” 19. On reading of the above provision u/s 271AAB, explains that in a search case

JEKAY INTERNATIONAL (P) LTD.,KOLKATA vs. DCIT,CC-4(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is dismissed

Bench: Sh. P.M.Jagtap & Sh.S.S.Viswanethra Raviganpati Industrial Pvt.Ltd., Vs Dcit, 2, Hare Street, 3Rd Floor, Circle-4(2), Nicco House, Kolkata-700001. Kolkata. Pan-Aaacg9441Q (Appellant) (Respondent) Vs Dcit, Jekay International Pvt.Ltd., 2, Hare Street, 3Rd Floor, Circle-4(2), Nicco House, Kolkata-700001. Kolkata. Pan-Aabcj6307K (Appellant) (Respondent) Appellant By Shri.M.Satnaliwala, Fca Respondent By Shri.Anand Kumar Kedia, Cit Dr Date Of Hearing 28.11.2018 Date Of Pronouncement 15.02.2019 Order Per S.S. Viswanethra Ravi

271 shall be imposed upon the assessee in respect of the undisclosed income referred to in sub-section (1). (3) The provisions of sections 274 and 275 shall, as far as may be, apply in relation to the penalty referred to in this section.” 19. On reading of the above provision u/s 271AAB, explains that in a search case

REENA MITRA,KOLKATA vs. I.T.O WD - 29(2),KOLKATA, KOLKATA

In the result, the appeal by the assessee is allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmedassessment Year :2006-07

10-12-2015 सुनवाई क" तार"ख/Date of Hearing 20-01-2016 घोषणा क" तार"ख/Date of Pronouncement आदेश /O R D E R PER Waseem Ahmed, Accountant Member:- This appeal by the assessee is arising out of order of Commissioner of Income Tax (Appeals)-XVI, Kolkata in appeal No.13/CIT(A)XVI/Wd- 29(2)/Kol/09-10 dated 08.02.2013. Assessment

PUTUL JASH,BURDWAN vs. ACIT, CIR-1, BURDWAN, BURDWAN

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

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1164/Kol/2015 (िनधा"रणवष" / Assessment Year: 2006-07 Putul Jash Vs. Asssitant C.I.T, Cir – 1, Burdwan Vill. Chakundi, P.O. Nabastha, Aayakarbhawan, Kachari P.S. Memari, Burdwan – 713 407. Road, Court Compound, Burdwan – 713 101. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Afdpj3622D (Appellant) .. (Respondent) Appellant By :Shri S. K. Tulsiyan, Advocate Respondent By :Shri S. M. Das, Acit (Dr) सुनवाईकीतारीख/ Date Of Hearing : 08/08/2017 घोषणाकीतारीख/Date Of Pronouncement : 31/08/2017 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am: The Captioned Appeal Filed By The Assessee, Pertaining To Assessment Year 2006-07, Is Directed Against The Order Passed By The Ld. Cit(A), Asansol In Appeal No.202/Cit(A)/Asl/Cir-1/Bwn/13-14 Dated 17.10.2014, Which In Turn Arises Out Of A Penalty Order Passed By The Assessing Officer U/S 271(1)(C) Of The Income Tax Act, 1961 ( Herein After Referred To As The ‘Act’), Dated 30.04.2013. 2. The Said Appeal Filed By The Assessee In Ita No.1164/K/15 For A.Y.2006-07, Is Barred By Limitation By 267 Days. The Assessee Has Moved A Petition Requesting The Bench To Condone The Delay. We Heard The Party On This Preliminary Issue. The Counsel For The Assessee Has Submitted Before Us That Assessee Provided His

section 1(c). The ld. PutulJash Assessment Year: 2006-07 CIT(A) held that there was no conflict in any manner in the order of penalty in recording “concealment of income” and “furnishing of inaccurate particulars of income”. Therefore, the ld. CIT(A) did not accept the assessee’s submissions. Before the ld. CIT(A), the assessee also submitted that

DCIT, C.C. I, KOLKATA, KOLKATA vs. AMARNATH SHROFF, KOLKATA

In the result ITA Nos.1797 to 1800/Kol/2009 are allowed while ITA Nos

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am ]

20. We have carefully considered the rival submissions. As rightly pointed out by the learned counsel for the assessee the CIT(A) has in the original order dated 26.08.2009 accepted that the assessee satisfies all the conditions for grant of immunity under Explanation (5) to section 271 of the Act except the condition with regard to payment of tax with

AMAR NATH SHROFF,KOLKATA vs. DY. COMMISSIONER OF INCOME TAX, KOLKATA

In the result ITA Nos.1797 to 1800/Kol/2009 are allowed while ITA Nos

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am ]

20. We have carefully considered the rival submissions. As rightly pointed out by the learned counsel for the assessee the CIT(A) has in the original order dated 26.08.2009 accepted that the assessee satisfies all the conditions for grant of immunity under Explanation (5) to section 271 of the Act except the condition with regard to payment of tax with

ACIT, CENTRAL CIRCLE - 2(3), KOLKATA , KOLKATA vs. KAMALESH AGARWAL, KOLKATA

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

U/S 271AAB OF UNDISCLOSED INCOME BY THE ASSESSEE At any time during the NIL 10% of the undisclosed course of search income. Between any time from the 10% of the undisclosed 20% of the un-disclosed date of termination of income. income. search to date of Return Filing At any time after the 20% of the undisclosed