SRI SURYA PRAKASH BAGLA,KOLKATA vs. DCIT, CEN. CIR-VII, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A No. 398/Kol/2014 Assessment Year : 2010-11 Shri Surya Prakash Bagla -Vs- Dcit, Central Circle-Vii, Kolkata [Pan: Aebpb 4558 F] (Appellant) (Respondent)

142(1) of the Act dated 7.7.2010 itself, the assessee in order to escape from the taxation at higher rate and for the purpose of savings on interest and immunity from penalty, had come forward to offer the cash component of share sale consideration of Rs 7,40,90,000/- in the revised return. Hence there was malafide

ACIT, CIR-29, KOLKATA, KOLKATA vs. PRAKASH KUMAR MOHTA (HUF), KOLKATA

In the result, Revenue’s appeal stands dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmedassessment Year:2009-10

Section 10(32) of the Act in place of 10(38) of the Act. Subsequently, notice u/s. 143(2) of the Act was issued upon the assessee Thereafter notice u/s. 142(1) dated 27.01.2011 was served upon the assessee dated 29.06.2011 for fixing the date of hearing dated 08.07.2011. In compliance thereto assessee appeared before Assessing Officer dated

SUSHIL KUMAR PAUL,SILIGURI vs. A.C.I.T.,CIRCLE-2, SILIGURI

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

Bench: Shri Sonjoy Sarma, Hon’Ble & Shri Girish Agrawal, Hon’Bleassessment Year: 2016-17 Sushil Kumar Paul Acit, Circle-2, Siliguri. C/O. Subash Agarwal & Associates, Advocates, Siddha Vs. Gibson, 1, Gibson Lane, Suite 213, 2Nd Floor, Kolkata – 700 069. (Pan: Akfpp 4837 K) (Appellant) (Respondent) Present For: Assessee By : Shri Siddarth Agarwal, Advocate Revenue By : Smt. Ranu Biswas, Addl. Cit, Dr Date Of Hearing : 24.11.2022 Date Of Pronouncement : 15.12.2022 O R D E R Per Sonjoy Sarma, Jm: This Appeal Filed By The Assessee Is Against The Order Of Ld. Cit(A), Siliguri Dated 23.08.2019 For A.Y. 2016-17. The Assessee Has Taken The Following Grounds Of Appeal: “I. For That On The Facts & Circumstances Of The Case, The Ld. Cit(A) Was Not Justified In Confirming The Penalty Of Rs. 23,70,000/- Imposed By The Ao By Wrongly Invoking The Provisions Of Section 271Aab Of The Income Tax Act.

iii) on or before the specified date— (A) pays the tax, together with interest, if any, in respect of the undisclosed income; and (B) furnishes the return of income for the specified previous year declaring such undisclosed income therein; (b) a sum computed at the rate of twenty per cent of the undisclosed income of the specified previous year

SRI BHASKAR GHOSH,KOLKATA vs. DCIT, CC-2(4), KOLKATA, KOLKATA

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

Bench: Shri P.M. Jagtap & Shri K. Narasimha Chary

iii) The notices u/s.153A were served upon assessee on 10.10.2011 allowing the assesse thirty (30) days' time to file the returned income where the assesse could have exercised his option of willingness to offer an additional income as per his commitment u/s.132(4) of I.T. Act, 1961 in respect of undisclosed bank account transactions for each relevant assessment years covered

COSMAT TRADERS (P) LTD,KOLKATA vs. ITO, WARD-6(2), , KOLKATA

In the result, appeal of the assessee is allowed

penalty notice u/s 271(1)(c) of the Act, dt. 16/03/2020, it came to know about Act, dt. 16/03/2020, it came to know about the ex-parte orders. He also pointed out that the ld. CIT(A) has not disposed off the case orders. He also pointed out that the ld. CIT(A) has not disposed off the case orders

M/S. VIJAY WIRE INDUSTRIES,KOLKATA vs. ITO, WARD - 44(2), KOLKATA, KOLKATA

In the result, the appeals filed by the assessee (in ITA No

Bench: Shri A. T. Varkey, Jm & Dr. A.L. Saini, Am Smt. Alka Gupta Vs. Ito, Ward-44(2), Kolkata T/2A/1, Gurudas Dutta Garden Lane, 3, Govt. Place(West), Kolkata – Ultadanga, Kolkata – 700 067. 700 067. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aczpg 9407 A (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & M/S. Vijay Wire Industries Vs. Ito, Ward-44(2), Kolkata T/2A/1, Gurudas Dutta Garden Lane, 3, Govt. Place(West), Kolkata – Ultadanga, Kolkata – 700 067. 700 067. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacfv 2057 N (अपीलाथ" /Appellant) (""यथ" / Respondent) ..

142(1) of the Act and duly served upon the assessee. In compliance with the said notices, Shri Soumitra Choudhury, Advocate, A/R of the assessee appeared from time to time to explain the return of income and other documents. It may be noted that assessee had made compliance of various notices during the assessment proceedings and submitted the required details

SMT. ALKA GUPTA,KOLKATA vs. ITO, WARD -44(2), KOLKATA, KOLKATA

In the result, the appeals filed by the assessee (in ITA No

Bench: Shri A. T. Varkey, Jm & Dr. A.L. Saini, Am Smt. Alka Gupta Vs. Ito, Ward-44(2), Kolkata T/2A/1, Gurudas Dutta Garden Lane, 3, Govt. Place(West), Kolkata – Ultadanga, Kolkata – 700 067. 700 067. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aczpg 9407 A (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & M/S. Vijay Wire Industries Vs. Ito, Ward-44(2), Kolkata T/2A/1, Gurudas Dutta Garden Lane, 3, Govt. Place(West), Kolkata – Ultadanga, Kolkata – 700 067. 700 067. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacfv 2057 N (अपीलाथ" /Appellant) (""यथ" / Respondent) ..

142(1) of the Act and duly served upon the assessee. In compliance with the said notices, Shri Soumitra Choudhury, Advocate, A/R of the assessee appeared from time to time to explain the return of income and other documents. It may be noted that assessee had made compliance of various notices during the assessment proceedings and submitted the required details

ARTDECO COLLECTION PVT. LTD.,KOLKATA vs. ITO, WARD-9(1), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Rajesh Kumar & Sonjoy Sarmaआयकर अपील सं"या: 174 / कोल / 2022 िनधा"रण वष"ः 2015-16

iii. That your appellant craves leave to add other grounds/further grounds at the time of hearing of the appeal.” 2. Though the Registry has pointed out that the appeal is time barred, however, in view of the decision of the Hon’ble Supreme Court in the case of Miscellaneous Application

M/S VENKATESWAR MEDICARE PVT. LTD.,KOLKATA vs. ITO, WARD 2(1), KOLKATA

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

Bench: Shri Rajesh Kumar, Am& Shri Sonjoy Sarma, Jm]

penalty proceedings under section 271(1)(c) for the assessment year 2006-07 is also set aside and quashed. The application being G.A.No. 81 of 2010 is also allowed. The case of the assessee is also covered by the decision of Co-ordinate Bench decision in the case of Amiya Gopal Dutta (supra). For the sake of ready reference

M/S VENKATESWAR MEDICARE PVT. LTD.,ITO, WARD-2(1) vs. ITO, WARD-2(1), KOLKATA

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

Bench: Shri Rajesh Kumar, Am& Shri Sonjoy Sarma, Jm]

penalty proceedings under section 271(1)(c) for the assessment year 2006-07 is also set aside and quashed. The application being G.A.No. 81 of 2010 is also allowed. The case of the assessee is also covered by the decision of Co-ordinate Bench decision in the case of Amiya Gopal Dutta (supra). For the sake of ready reference

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

142(1) of the Act, along with a detailed questionnaire, on several dates were issued and 2 ITA Nos.406-410/Kol/2016 Electrosteel Castings Ltd., AYs- 2005-06 & 2009-10 served upon the assessee. In response to the notices and subsequent discussions in hearings, the assessee duly filed the required information and submissions from time to time. Further, the assessee has entered inter

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

142(1) of the Act, along with a detailed questionnaire, on several dates were issued and 2 ITA Nos.406-410/Kol/2016 Electrosteel Castings Ltd., AYs- 2005-06 & 2009-10 served upon the assessee. In response to the notices and subsequent discussions in hearings, the assessee duly filed the required information and submissions from time to time. Further, the assessee has entered inter

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

142(1) of the Act, along with a detailed questionnaire, on several dates were issued and 2 ITA Nos.406-410/Kol/2016 Electrosteel Castings Ltd., AYs- 2005-06 & 2009-10 served upon the assessee. In response to the notices and subsequent discussions in hearings, the assessee duly filed the required information and submissions from time to time. Further, the assessee has entered inter

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

142(1) of the Act, along with a detailed questionnaire, on several dates were issued and 2 ITA Nos.406-410/Kol/2016 Electrosteel Castings Ltd., AYs- 2005-06 & 2009-10 served upon the assessee. In response to the notices and subsequent discussions in hearings, the assessee duly filed the required information and submissions from time to time. Further, the assessee has entered inter

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

142(1) of the Act, along with a detailed questionnaire, on several dates were issued and 2 ITA Nos.406-410/Kol/2016 Electrosteel Castings Ltd., AYs- 2005-06 & 2009-10 served upon the assessee. In response to the notices and subsequent discussions in hearings, the assessee duly filed the required information and submissions from time to time. Further, the assessee has entered inter

RISHI KUMAR AGARWAL,SIKKIM vs. DCIT, CC-XXII, KOLKATA, KOLKATA

In the result, the appeals of the assessee are allowed

Bench: The Bench Is Squarely Covered By The Decision Of Hon’Ble Supreme Court. The Ld.Ar Submits That A Paper Book Containing Pages 1 To 44 Was Filed On 29- 03-2017 & Referred To Page No-7 Where A Copy Of The Decision Of Hon’Ble Supreme Court Was Placed & Urged The Bench To Allow The Appeal In Terms Of This Decision. We Find That The Issue Before Us Is Covered By The Decision Of Hon’Ble Supreme Court In The Case Of Ssa’S Emerald Meadows Supra & We Proceed To Hear The Case & Dispose Of The Same By Perusing The Material On Record. 3. The Only Issue Is To Be Decided As To Whether The Cit-A Justified In Confirming The Impugned Penalties Imposed By The Ao U/S. 271(1) (C) Of The Act In The Facts & Circumstances Of The Case.

III, Kolkata for the assessment years 2008-09 and 2009-10, wherein he confirmed the penalties of Rs.8,54,903/- and Rs.7,46,067/- imposed by the AO u/s. 271(1)(c) of the Act respectively. 2. None appeared on behalf of the revenue nor was any application filed seeking adjournment. The Ld.AR submits that the issue before the Bench

DCIT, CIRCLE-1, SILIGURI, SILIGURI vs. M/S PRAKASH DISTILLERY & CHEMICALS(P) LTD., SILIGURI

In the result, both the appeal of revenue and the cross objection of assessee are dismissed

Bench: Shri S. S. Godara, Jm & Shri M. Balaganesh, Am]

142(1) were issued and served on the assessee. In response, the assessee produced books of accounts, bank statements and other supporting documents which were examined on test check basis. On scrutiny, the AO found discrepancy in sundry creditors namely M/s. Ajay Kumar Bijoy Kumar appearing in the books of account of the assessee, the closing balance booked against

KRISHNA CHANDRA DAS,TWENTY FOUR PARGANAS SOUTH vs. I.T.O., WARD - 25(1),, KOLKATA

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

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyassessment Year: 2019-20 Krishna Chandra Das..……………..………………….……….……….……Appellant Ramkrishnanagar Laskarpur, Alipore, 24 Parganas (S), W.B - 743515. [Pan: Ajapd6700B] Vs. Ito, Ward-25(1), Kolkata………….…………………….....……...…..…..Respondent Appearances By: Shri B. B. Payra, Advocate, Appeared On Behalf Of The Appellant. Shri Dipu Koley, Addl. Cit-Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : October 27, 2025 Date Of Pronouncing The Order : December 02, 2025 Order Per Pradip Kumar Choubey: This Appeal Filed By The Assessee Is Directed Against The Order Dated 24.06.2025 Of The National Faceless Appeal Centre Passed Under Section 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As “The Act”) For The Assessment Year 2019–20. 2. Brief Facts Of The Case Are That The Assessee Had Not Filed Original Return Of Income For The A.Y. 2019-20. In The Absence Of Voluntary Compliance, The Assessing Officer Initiated Reassessment Proceedings U/S 147 R.W.S. 144 Of The Act By Making Following Additions:

iii. Salary Received u/s 15 amounting to Rs. 34,64,292/-. iv. Unexplained Investment U/s 69B amounting to Rs.70,79,999/-. Krishna Chandra Das v. Unexplained Money U/s 69A amounting to Rs. 19,64,920/- 2.1 During the assessment proceedings, the Assessing Officer issued statutory notices but the assessee remained non-responsive, consequently the Assessing Officer issued multiple show-cause

GUNJA SAMABAY KRISHI UNNAYAN SAMITY LTD,PURULIA vs. PCIT,, ASANSOL

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T Varkey & Shri Girish Agrawalassessment Year: 2016-17 Gunja Samabay Krishi Pcit, Asansol Unnayan Samity Ltd. Vill. Gunja, Golbera, P.S. Vs. Joypur, Dist. Purulia, Pin. 723103 Pan: Aabag 2110 M (Appellant) (Respondent)

142(1) of the I.T. Act 1961 you have stated that you have claimed deduction amounting to Rs. 32,31,576/- under section 80(P)(2)(a)(i) of the I.T. Act 1961 But on examination of the materials on record it is noticed that you have deposited/invested in Bank other than co-operative Bank and earned interest income amounting