D.C.I.T., CC-4(4), KOLKATA, KOLKATA vs. EVERSIGHT TRADE COMM PVT. LTD., KOLKATA

In the result, all the three appeals filed by the revenue are dismissed and copy of common order passed is to be placed on respective case files

Bench: Dr. Manish Borad & Shri Sonjoy Sarma]

penalty proceedings was initiated with the arrow symbol in the notice u/s 274 r/w section 271(1)(c) of the I.T. Act, 1961 dated 31.03.2016. 2. That the department craves leaves to add, modify or alter any of the ground(s) of appeal and/or adduce additional evidence at the time of hearing of the case.” 2. The brief facts

D.C.I.T., CC-4(4), KOLKATA, KOLKATA vs. EVERSIGHT TRADE COMM PVT. LTD., KOLKATA

In the result, all the three appeals filed by the revenue are dismissed and copy of common order passed is to be placed on respective case files

Bench: Dr. Manish Borad & Shri Sonjoy Sarma]

penalty proceedings was initiated with the arrow symbol in the notice u/s 274 r/w section 271(1)(c) of the I.T. Act, 1961 dated 31.03.2016. 2. That the department craves leaves to add, modify or alter any of the ground(s) of appeal and/or adduce additional evidence at the time of hearing of the case.” 2. The brief facts

D.C.I.T., CC-4(4), KOLKATA, KOLKATA vs. GALLON COMMODITIES PVT. LTD., KOLKATA

In the result, appeal of the revenue is dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2011-12

133A was conducted on 05.05.2014 on Shri Adish Jain and group in which a total disclosure of Rs.20,79,41,930/- was made. Subsequently, it was revised to Rs.23,33,19,194/- out of which Rs.1,68,95,974/- was disclosed in the case of the assessee company for the relevant year. Further, the instant case was reopened u/s

SANDIP JHUNJHUNWALA,,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

In the result, the appeal of the assessee is allowed

133A\nof the Income-tax Act, 1961 (the Act) was also carried out at various\nplaces. The assessee being a key person of the group also covered\nunder the said search. During the course of search several books of\naccounts and other documents were found and impounded. During the\ncourse of search, the assessee voluntarily disclosed in the statement\nrecorded

M/S. JEWEL INDIA JEWELLERS,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(4),, KOLKATA

In the result the appeal of the assessee is allowed

Bench: the CIT(A) and the Tribunal, the primary contention of the assessee is that there was no concealment of income or furnishing of inaccurate particulars thereof. The income declared in the course of the survey had already been disclosed in the original return filed under Section 139(1). Therefore, there was no case of concealment warranting penalty under Section 271(1)(c) of the Act.

u/s 250 of the Income Tax Act, 1961 (hereafter “the Act”), dated 25.06.2025, passed by the Ld. Commissioner of Income Tax (Appeals), Kolkata-27 (hereafter “the Ld. CIT(A)]. 2. Brief facts of the case are that a survey under Section 133A of the Act was conducted in the case of the assessee, who is a key person connected with

MADINA RICE MILL PVT. LTD.,KOLKATA vs. ACIT, CEN. CIR. 4(4), KOLKATA

In the result, all the appeals of the assessee in ITA No

Bench: Dr. Manish Borad, Am & Shri Rajpal Yadav, Vp

133A of the Act on 28th February, 2020, followed by issue of notices u/s 148 of the Act on 26th March, 2021, for the alleged escapement of income followed by carrying out the proceedings, during the course of which assessee failed to produce the books of accounts. The learned Assessing Officer rejected the books u/s

MADINA RICE MILL PVT. LTD.,KOLKATA vs. ACIT, CENTRAL CIRCLE 4(4), KOLKATA

In the result, all the appeals of the assessee in ITA No

Bench: Dr. Manish Borad, Am & Shri Rajpal Yadav, Vp

133A of the Act on 28th February, 2020, followed by issue of notices u/s 148 of the Act on 26th March, 2021, for the alleged escapement of income followed by carrying out the proceedings, during the course of which assessee failed to produce the books of accounts. The learned Assessing Officer rejected the books u/s

MADINA RICE MILL PVT. LTD.,KOLKATA vs. ACIT, CENTRAL CIR. 4(4) , KOLKATA

In the result, all the appeals of the assessee in ITA No

Bench: Dr. Manish Borad, Am & Shri Rajpal Yadav, Vp

133A of the Act on 28th February, 2020, followed by issue of notices u/s 148 of the Act on 26th March, 2021, for the alleged escapement of income followed by carrying out the proceedings, during the course of which assessee failed to produce the books of accounts. The learned Assessing Officer rejected the books u/s

MADINA RICE MILL PVT. LTD.,KOLKATA vs. ACIT, CEN. CIR. 4(4), KOLKATA

In the result, all the appeals of the assessee in ITA No

Bench: Dr. Manish Borad, Am & Shri Rajpal Yadav, Vp

133A of the Act on 28th February, 2020, followed by issue of notices u/s 148 of the Act on 26th March, 2021, for the alleged escapement of income followed by carrying out the proceedings, during the course of which assessee failed to produce the books of accounts. The learned Assessing Officer rejected the books u/s

MADINA RICE MILL PVT. LTD.,KOLKATA vs. ACIT, CIR. 4(4), KOLKATA

In the result, all the appeals of the assessee in ITA No

Bench: Dr. Manish Borad, Am & Shri Rajpal Yadav, Vp

133A of the Act on 28th February, 2020, followed by issue of notices u/s 148 of the Act on 26th March, 2021, for the alleged escapement of income followed by carrying out the proceedings, during the course of which assessee failed to produce the books of accounts. The learned Assessing Officer rejected the books u/s

CHETAN KUMAR TEKRIWAL (HUF),HOWRAH vs. I.T.O., WARD - 46(3), KOLKATA, KOLKATA

In the result, appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

271(1)(c ) of the Act. 2 I.T.A. No.705/Kol/2022 Assessment Year: 2015-16 Chetan Kumar Tekriwal(HUF) 3. Facts in brief are that the assessment was completed u/s 143(3) / 147 of the Act vide order dated 24.08.2018 assessing the total income at Rs. 55,42,070/-. During the course of assessment proceedings it was noted by the AO that

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3(1), KOLKATA, KOLKATA vs. RUNGTA IRRIGATION LTD, NEW DEHI

In the result, all the appeals of the assessee are allowed and all the appeals of the revenue stand dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm]

133A at 107, Pragati Towers, 26 Rajendra Place, New Delhi-110008. The Assessing Officer found that though the assessee claimed that the impounded material did not belong to the assessee but since the assessee failed to explain the same and there was no compliance to the proceedings u/s. 148 of the Act, the Assessing Officer framed the assessment

RUNGTA IRRIGATION LIMITED,DELHI vs. CENTRAL CIRCLE 3(1)/KOLKATA, KOLKATA

In the result, all the appeals of the assessee are allowed and all the appeals of the revenue stand dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm]

133A at 107, Pragati Towers, 26 Rajendra Place, New Delhi-110008. The Assessing Officer found that though the assessee claimed that the impounded material did not belong to the assessee but since the assessee failed to explain the same and there was no compliance to the proceedings u/s. 148 of the Act, the Assessing Officer framed the assessment

RUNGTA IRRIGATION LIMITED,NEW DELHI vs. A.C.I.T., CENTRAL CIRCLE 3(1), KOLKATA

In the result, all the appeals of the assessee are allowed and all the appeals of the revenue stand dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm]

133A at 107, Pragati Towers, 26 Rajendra Place, New Delhi-110008. The Assessing Officer found that though the assessee claimed that the impounded material did not belong to the assessee but since the assessee failed to explain the same and there was no compliance to the proceedings u/s. 148 of the Act, the Assessing Officer framed the assessment

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), KOLKATA, KOLKATA vs. RUNGTA IRRIGATION LTD, NEW DELHI

In the result, all the appeals of the assessee are allowed and all the appeals of the revenue stand dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm]

133A at 107, Pragati Towers, 26 Rajendra Place, New Delhi-110008. The Assessing Officer found that though the assessee claimed that the impounded material did not belong to the assessee but since the assessee failed to explain the same and there was no compliance to the proceedings u/s. 148 of the Act, the Assessing Officer framed the assessment

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), KOLKATA, KOLKATA vs. RUNGTA IRRIGATION LIMITED, NEW DELHI

In the result, all the appeals of the assessee are allowed and all the appeals of the revenue stand dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm]

133A at 107, Pragati Towers, 26 Rajendra Place, New Delhi-110008. The Assessing Officer found that though the assessee claimed that the impounded material did not belong to the assessee but since the assessee failed to explain the same and there was no compliance to the proceedings u/s. 148 of the Act, the Assessing Officer framed the assessment

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(1), KOLKATA, KOLKATA vs. AXIS OVERSEAS LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Dy. Commissioner Of Income Tax, Cc 1(1), Kolkata Axis Overseas Limited Aaykar Bhawan Poorva, 21A, Shakespeare Sarani, Vs. 3Rd Floor, Kolkata-700107, Kolkata-700107, West Bengal West Bengal (Appellant) (Respondent) Pan No. Aagca7497L Assessee By : Shri Siddharth Agarwal, Ar Revenue By : Shri P.N. Barnwal, Dr Date Of Hearing: 13.11.2025 Date Of Pronouncement: 03.12.2025

section 68 of the Act on the ground that the assessee failed to discharge its onus to establish identity, creditworthiness and genuineness of the transaction in respect of the money received through cash trail. The CIT(A) in course of hearing the appeal called for a remand report from the Assessing Officer and in the said remand report the Assessing

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. RAJA SHELTERS PRIVATE LIMITED, KOLKATA

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyita Nos.1174 & 1176/Kol/2025 Assessment Years: 2011-12 & 2014-15 Dcit, Central Circle-4(3), Kolkata.……………………….……….……….……Appellant Vs. Raja Shelters Pvt. Ltd…………………….…………………….....……...…..…..Respondent 25A, S. P. Mukherjee Road, Kol- 700025. [Pan: Aadcr5073Q] Appearances By: Shri Sanat Kr. Raha, Cit-Dr, Appeared On Behalf Of The Appellant. Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : September 11, 2025 Date Of Pronouncing The Order : September 18, 2025 Order Per Pradip Kumar Choubey: Both The Captioned Appeals Have Been Preferred By The Revenue For The Assessment Years 2011-12 & 2014-15 Against Separate Orders Dated 27.02.2025 & 28.02.2025 Of The Commissioner Of Income Tax (Appeals)-27, Kolkata [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’) Respectively. Since, The Issues Involved In Both The Appeals Are Common & Relate To The Same Assessee, Therefore, These Appeals Have Been Heard Together & Are Being Disposed Of By This Consolidated Order.

133A of the Act were conducted in respect of 'Goldern Goenka group of assessees’ on 17.03.2015 and on subsequent dates. This group was engaged in the business of financing, trading and investment in ITA Nos.1174 & 1176/Kol/2025 Raja Shelters Pvt. Ltd commodities and shares, mutual funds, real estates, and beverages. Being one of the entities of the said group, the assessee

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. RAJA SHELTERS PRIVATE LIMITED, KOLKATA

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyita Nos.1174 & 1176/Kol/2025 Assessment Years: 2011-12 & 2014-15 Dcit, Central Circle-4(3), Kolkata.……………………….……….……….……Appellant Vs. Raja Shelters Pvt. Ltd…………………….…………………….....……...…..…..Respondent 25A, S. P. Mukherjee Road, Kol- 700025. [Pan: Aadcr5073Q] Appearances By: Shri Sanat Kr. Raha, Cit-Dr, Appeared On Behalf Of The Appellant. Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : September 11, 2025 Date Of Pronouncing The Order : September 18, 2025 Order Per Pradip Kumar Choubey: Both The Captioned Appeals Have Been Preferred By The Revenue For The Assessment Years 2011-12 & 2014-15 Against Separate Orders Dated 27.02.2025 & 28.02.2025 Of The Commissioner Of Income Tax (Appeals)-27, Kolkata [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’) Respectively. Since, The Issues Involved In Both The Appeals Are Common & Relate To The Same Assessee, Therefore, These Appeals Have Been Heard Together & Are Being Disposed Of By This Consolidated Order.

133A of the Act were conducted in respect of 'Goldern Goenka group of assessees’ on 17.03.2015 and on subsequent dates. This group was engaged in the business of financing, trading and investment in ITA Nos.1174 & 1176/Kol/2025 Raja Shelters Pvt. Ltd commodities and shares, mutual funds, real estates, and beverages. Being one of the entities of the said group, the assessee