ITO WD-3(1), KOLKATA, KOLKATA vs. SAPPHIRE GLOBAL FINANCE (P) LTD, KOLKATA

234A, 234B, initiation\nof penalty proceedings u/s. 271(1)(c) and general grounds. As these grounds are\nconsequential, these grounds are dismissed as infructuous.\n5.5. In the result, the appeal of the appellant is partly allowed.\n6.\nAfter hearing the rival contentions and perusing the materials available\non record, we find that the assessee company has disposed its\ninvestments amounting

NEHA DIWAN,HINDMOTOR vs. ITO WARD - 23(1), HOOGHLY

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

u/s 271B of the Act. 14. That Ld. Assessing Officer and CIT(A) erred in charging interest under section 234A and 234B of the Act which is not chargeable and/or excessively charged. I.T.A. No.: 630/KOL/2025 Assessment Year: 2016-17 Neha Diwan. 15. That the Ld. Assessing Officer arbitrarily initiated penalty proceeding under section 271

ITO WD 3(1), KOLKATA vs. SAPPHIRE GLOBAL FINANCE PRIVATE LIMITED, KOLKATA

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

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

234A, 234B, initiation of penalty proceedings u/s. 271(1)(c) and general grounds. As these grounds are consequential, these grounds are dismissed as infructuous. 5.5. In the result, the appeal of the appellant is partly allowed. ” 6. After hearing the rival contentions and perusing the materials available on record, we find that the assessee company has disposed its investments amounting

ITO WD-3(1), KOLKATA vs. SAPPHIRE GLOBAL FINANCE PRIVATE LIMITED, KOLKATA

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

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

234A, 234B, initiation of penalty proceedings u/s. 271(1)(c) and general grounds. As these grounds are consequential, these grounds are dismissed as infructuous. 5.5. In the result, the appeal of the appellant is partly allowed. ” 6. After hearing the rival contentions and perusing the materials available on record, we find that the assessee company has disposed its investments amounting

SHRI SANTANU SANYAL,KOLKATA vs. ACIT, CIR. 2(1), KOLKATA

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

Bench: Dr. Manish Borad & Pradip Kumar Choubey

234A of the Act. 11. That the Impugned Order erred in not deleting interest levied under section 234B of the Act. 12. That the Impugned Order erred in not deleting interest levied under section 234D of the Act 13. That the Ld. AO erred on facts and in law in initiating penalty proceedings under section 271

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. PHPL PROPERTIES PVT. LTD., KOLKATA

Bench: Sri Pradip Kumar Choubey & Sri Rakesh Mishra

234A & 234B is consequential in nature and is disposed off with directions to the AO to recompute these interests as per law at the time of giving effect to this order. Ground 4 against initiation of penalty u/s 271(1)(c) has not been pressed by the appellant. This ground is therefore dismissed. Ground 5 is general in nature

M/S. AMITY HIRISE PVT. LTD., ,KOLKATA vs. ITO, WARD - 4(3), KOLKATA , KOLKATA

In the result, appeal of assessee is allowed for statistical purpose

penalty- proceedings u/s 271 (1 )(c) of the Income Tax Act, 1961. 5. That, on the facts and in the circumstances of the case, the Ld. Commissioner of Income Tax (Appeals) failed to consider that the Ld. AO erred in adding interest under section 234A