DCIT, C.C.XXVII, KOLKATA, KOLKATA vs. M/S. PRATAP PROPERTIES LTD., KOLKATA

Accordingly, the grounds raised by the revenue for all the assessment years are dismissed

Bench: Hon. Sri Mahavir Singh & Hon. Sri M.Balaganesh

22-11-2006 and cash was found from possession of assessee – Assessee had drawn cash flow statement for entire period of six years in order to determine undisclosed income based on seized material for each of six assessment years – Whether penalty under section 271(1)(c ) cannot be imposed by invoking Explanation 5 in assessment year 2004-05 in respect

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

E R Per Shri P.M. Jagtap :- These six appeals are preferred by the Revenue against six separate orders passed by the ld. Commissioner of Income Tax (Appeals), Central- II, Kolkata dated 12.01.2009, whereby he cancelled the penalties imposed by the Assessing Officer under section 271(1)(c) of the Act for the years under consideration as under:- Assessment Year Amount

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.”

22. As the Hon'ble High Court held in the above case that the person who is accused of the conditions mentioned in Section 271 should be made known about the grounds on which they intend imposing penalty on him as the Section 274 makes it clear that assessee has a right to contest such proceedings and should have full

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.

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

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

ITA Nos.1786-

Bench: : Shri M. Balaganesh

22,603/- (Rs. 2,50,000/- in F.Y. 2000-2001 and Rs. 4,72,603/- in F.Y. 2001-2002). Now, not intending to be drawn into unnecessary long drawn litigations with the department and to demonstrate my cooperative attitude as well as to buy peace of mind, I am further offering to tax suo moto , the amounts of Rs. 2

DCIT,CENT CIR-I ,KOL, KOLKATA vs. DEEPAK CHOUDHURY, KOLKATA

In the result, the appeals of the revenue are dismissed

Bench: : Shri Balaganesh & Shri S.S Viswanethra Ravi

22-11-2006 and cash was found from possession of assessee – Assessee had drawn cash flow statement for entire period of six years in order to determine undisclosed income based on seized material for each of six assessment years – Whether penalty under section 271(1)(c ) cannot be imposed by invoking Explanation 5 in assessment year 2004-05 in respect

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]

E] Appellant Respondent Date of Hearing 27.12.2018 Date of Pronouncement 01.02.2019 For the Appellant Shri A.K. Singh, CIT, DR For the Respondent Shri A.K. Tulsyan, FCA & Ms. Shikha Agarwal, ACA ORDER Per Shri A.T.Varkey, JM This appeal is filed by the Revenue against the order dated 13/04/2017 passed by the Ld. CIT(A)-21, Kolkata

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 :-

e and it cannot approbate and repobrate. If the contentions of . If the contentions of the ld. Counsel of the assessee that this order dt. 27/11/2015, is the the ld. Counsel of the assessee that this order dt. 27/11/2015, is the the ld. Counsel of the assessee that this order dt. 27/11/2015, is the final assessment order

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

22-08-2007 and subsequent dates. In the course of post search proceedings M/s. B.K. Agarwalla & Sons, HUF filed a disclosure petition dated 24-09-2007 before the AO, DDIT(Inv), Kolkata declaring total disclosure of Rs.2.50 crores, wherein the assessee made its disclosure to the extent of Rs.16,52,160/-. In response to notice dt: 12-05-2008 issued

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 ]

2) did not prescribe the time limit within which the assessee should pay tax on income disclosed in the statement under Section 132(4). “ 18. The learned DR however submitted that the payment of tax should be on or before filing of the return u/s 153A of the Act or at any rate before conclusion of the assessment proceedings

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 ]

2) did not prescribe the time limit within which the assessee should pay tax on income disclosed in the statement under Section 132(4). “ 18. The learned DR however submitted that the payment of tax should be on or before filing of the return u/s 153A of the Act or at any rate before conclusion of the assessment proceedings

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

In the result, appeal of the assessee is allowed

2 Assessment Year: 2013-14 Smt. Rashmi Jalan 2.1. The assessment was completed u/s 143(3) of the Act, accepting the retur The assessment was completed u/s 143(3) of the Act, accepting the retur The assessment was completed u/s 143(3) of the Act, accepting the returned income. Later a notice was issued u/s. 274 r.w.s. 271

THE JUTE CORPORATION OF INDIA LTD.,KOLKATA vs. DCIT CIR.-1, KOLKATA, KOLKATA

In the result, the appeals of the assessee are allowed for statistical purposes

Bench: Shri S. S. Godara, Jm & Dr. A.L.Saini, Am Acit, Circle 1(2), Kolkata Vs. The Jute Corporation Of India Ltd. Ayakar Bhawan, P-7, Chowringhee Hudco Building, 15N, Nellie Square, R.No.14, 7Th Floor, Kolkata – Sengupta Sarani, Kolkata-700 700 069. 087. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabct 8820 B (अपीलाथ" /Assessee) (""यथ" / Respondent) ..

e a r : 2 0 1 1 - 1 2 I T A N o . 2 3 1 8 / K o l / 2 0 1 6 - Fo r A . Y. 2 0 0 8 - 0 9 of the balance sheet and the interest of income of Rs.66,67,569/- was credited to the fund account and that it did not hold

ACIT, CIR-1(2), KOLKATA, KOLKATA vs. THE JUTE CORPORATION OF INDIA LTD.,, KOLKATA

In the result, the appeals of the assessee are allowed for statistical purposes

Bench: Shri S. S. Godara, Jm & Dr. A.L.Saini, Am Acit, Circle 1(2), Kolkata Vs. The Jute Corporation Of India Ltd. Ayakar Bhawan, P-7, Chowringhee Hudco Building, 15N, Nellie Square, R.No.14, 7Th Floor, Kolkata – Sengupta Sarani, Kolkata-700 700 069. 087. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabct 8820 B (अपीलाथ" /Assessee) (""यथ" / Respondent) ..

e a r : 2 0 1 1 - 1 2 I T A N o . 2 3 1 8 / K o l / 2 0 1 6 - Fo r A . Y. 2 0 0 8 - 0 9 of the balance sheet and the interest of income of Rs.66,67,569/- was credited to the fund account and that it did not hold

JAIN INFRA PROJECTS LTD.,KOLKATA vs. ACIT, CC-IV, KOLKATA, KOLKATA

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

Bench: Shri S.S.Viswanethra Ravi, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.1237/Kol/2011 ("नधा"रण वष" /Assessment Year:2008-2009) Jain Infra Projects Ltd., Vs. Acit, Cc-Iv, 39, Shakespeare Sarai, Poddar Court, 18, Rabindra Kolkata-700017 Sarani, Kolkata-700001 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccb 9831 F .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & आयकर अपील सं./Ita No.1244/Kol/2011 ("नधा"रण वष" /Assessment Year:2008-2009) Manoj Kumar Jain & Sons Vs. Acit, Cc-Iv, Kolkata (Huf) Poddar Court, 18, Rabindra 39, Shakespeare Sarai, Sarani, Kolkata-700001 Kolkata-700017 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. :Aaihm9669P .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

E R Per Dr. Arjun Lal Saini, AM: The captioned two appeals filed by the assessee, pertaining to the assessment year 2008-09, is directed against an order passed by ld. Commissioner of Income Tax (Appeals), Central-1, Kolkata in Appeal No.73/CC-IV/CIT(A), C-1/10-11 & No.75/CC-IV/CIT(A), C-1/10-11, dated 02.08.2011 and 01.07.2011, which in turn arise

MANOJ KUMAR JAIN & SONS (HUF),KOLKATA vs. ACIT, CC-IV, KOLKATA, KOLKATA

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

Bench: Shri S.S.Viswanethra Ravi, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.1237/Kol/2011 ("नधा"रण वष" /Assessment Year:2008-2009) Jain Infra Projects Ltd., Vs. Acit, Cc-Iv, 39, Shakespeare Sarai, Poddar Court, 18, Rabindra Kolkata-700017 Sarani, Kolkata-700001 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccb 9831 F .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & आयकर अपील सं./Ita No.1244/Kol/2011 ("नधा"रण वष" /Assessment Year:2008-2009) Manoj Kumar Jain & Sons Vs. Acit, Cc-Iv, Kolkata (Huf) Poddar Court, 18, Rabindra 39, Shakespeare Sarai, Sarani, Kolkata-700001 Kolkata-700017 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. :Aaihm9669P .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

E R Per Dr. Arjun Lal Saini, AM: The captioned two appeals filed by the assessee, pertaining to the assessment year 2008-09, is directed against an order passed by ld. Commissioner of Income Tax (Appeals), Central-1, Kolkata in Appeal No.73/CC-IV/CIT(A), C-1/10-11 & No.75/CC-IV/CIT(A), C-1/10-11, dated 02.08.2011 and 01.07.2011, which in turn arise

ACIT, CENTRAL CIRCLE-2(3), KOLKATA, KOLKATA vs. SHRI SIDHANT GUPTA, NEW DELHI

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

E R PER S.S.Godara, Judicial Member:- The instant batch of twelve cases pertains to six assessees. All these Revenue’s appeal(s) and assessees’ cross objections cases arise from the Commissioner of Income Tax (Appeals)-20, Kolkata’s identical order(s) upholding / partly confirming the Assessing Officer’s action imposing the penalt(ies) in issue; involving proceedings u//s 271AAB

ACIT, CENTRAL CIRCLE-2(3), KOLKATA, KOLKATA vs. SHRI SANJAY DHINGRA, NEW DELHI

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

E R PER S.S.Godara, Judicial Member:- The instant batch of twelve cases pertains to six assessees. All these Revenue’s appeal(s) and assessees’ cross objections cases arise from the Commissioner of Income Tax (Appeals)-20, Kolkata’s identical order(s) upholding / partly confirming the Assessing Officer’s action imposing the penalt(ies) in issue; involving proceedings u//s 271AAB