ZYDUS HEALTHCARE LTD,GANGTOK vs. ACIT, CIR. 3(2), GANGTOK

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawali.T.A. No. 139/Kol/2021 Assessment Year: 2014-2015 Zydus Healhcare Limited,……..................Appellant (Successor To Zydus Healthcare Sikkim), 4Th Floor, ‘D’ Wing, Zudus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandhinagar), Nr. Vaishnodevi Circle, Ahmedabad, Gandhinagar, Gujrat-382481 [Pan: Aaacg1895Q] -Vs.- Assistant Commissioner Of Income Tax,....Respondent Circle-3(2), Gangtok, Sikkim-737101 Appearances By: Shri Ajit Kumar Jain, Ca & Sonal Pandey, A.R., Appeared On Behalf Of The Assessee Shri G. Hukugha Sema, Cit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : January 18, 2023 Date Of Pronouncing The Order : February 20, 2023 O R D E R

234A, 234B & 234C, etc. He also initiated penalty proceedings under section 271(1)(c) of the Act. Undoubtedly, the assessee on understanding that the same was draft assessment order, made objections to the DRP, who gave certain directions and thereafter, the Assessing Officer passed an order under section 143(3) r.w.s. 144C(13) of 13 Assessment Year: 2014-2015 Zydus

DCIT, CENTRAL CIRCLE - XI, KOLKATA, KOLKATA vs. SHRI HARISH KUMAR SARAWGI, KOLKATA

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

Bench: Shri N. V. Vasudevan, Jm & Shri M. Balaganesh, Am] I.T.A Nos. 1222 To 1226/Kol/2011 Assessment Years: 2003-04 To 2007-08

3 Income disclosed 255920 4063688 9444220 4243221 7347289 127486910 in computation u/s. 153A 4 Income assessed 255920 4063688 9444220 4243221 7347289 127486910 u/s. 153A 5 Any other NIL NIL NIL NIL NIL NIL 4 ITA No.1222-1226/Kol/2011 & ITA No.1496-1499/K/2011, AY 2003-04-2007-08 Harish Kumar Sarawgi addition made in order u/s. 153A beyond the income returned u/s. 153A Total

HARISH KUMAR SARAWGI,KOLKATA vs. DCIT, CENTRAL CIRCLE - XI, KOLKATA, KOLKATA

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

Bench: Shri N. V. Vasudevan, Jm & Shri M. Balaganesh, Am] I.T.A Nos. 1222 To 1226/Kol/2011 Assessment Years: 2003-04 To 2007-08

3 Income disclosed 255920 4063688 9444220 4243221 7347289 127486910 in computation u/s. 153A 4 Income assessed 255920 4063688 9444220 4243221 7347289 127486910 u/s. 153A 5 Any other NIL NIL NIL NIL NIL NIL 4 ITA No.1222-1226/Kol/2011 & ITA No.1496-1499/K/2011, AY 2003-04-2007-08 Harish Kumar Sarawgi addition made in order u/s. 153A beyond the income returned u/s. 153A Total

BENI PRASAD LAHOTI,HOWRAH vs. DCIT, CC-2(2), KOLKATA

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

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawal

3. After verification, the total income is determined as under:- Total income as per return of income Rs 28,45,960/- Total assessed income Rs 28,45,960/- Agricultural income for rate purpose Rs.6,14,131/- 4. Assessed u/s. 153A of the I T Act, 1961. Charge tax. Charge interest u/s. 234A, 234B and 234C

BENI PRASAD LAHOTI,HOWRAH vs. DCIT, CC-2(2), KOLKATA

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

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawal

3. After verification, the total income is determined as under:- Total income as per return of income Rs 28,45,960/- Total assessed income Rs 28,45,960/- Agricultural income for rate purpose Rs.6,14,131/- 4. Assessed u/s. 153A of the I T Act, 1961. Charge tax. Charge interest u/s. 234A, 234B and 234C

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

NITIN KUMAR,KOLKATA vs. ACIT, CIRCLE-25, KOLKATA, KOLKATA

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

Bench: Hon’Ble Shri M.Balaganesh, Am & Hon’Ble Shri S.S.Viswanethra Ravi, Jm] I.T.A No. 1457/Kol/2016 Assessment Year : 2011-12 Nitin Kumar -Vs- Acit, Circle-25, Kolkata [Pan: Amupk 9557 A] (Appellant) (Respondent)

penalty explanation 5 Clause (ii) of Section 271(1)(c) of the Act, in view of satisfying all the three conditions prescribed therein. The ld. AO later issued notice u/s 153A of the Act to the assessee. The assessee in response to the said notice u/s 153A of the Act, filed his return of income for the Assessment year

HARISH KUMAR SARAWGI,GIRIDIH vs. DCIT, CENTRAL CIRCLE - XI, KOLKATA, KOLKATA

In the result, assessee’s appeal is allowed

Bench: Shri Mahavir Singh & Shri Waseem Ahmedassessment Year :2008-09 Harish Kumar Sarawgi, V/S. Dcit, Central Dumri Road, Whatty Circle-Xi, Poddar Bazar, Giridhi – 815301 Court, 18, Rabindra Jharkhand Sarani, [Pan No.Aldps 5357 E] Kolkata – 700 001

234A, 234B & 234C has been calculated correctly as there is no provision in the IT Act to treat the seized cash as Advance Tax. Seized cash can be adjusted against the existing liability. On the date of seizure, there was no existing liability on account of tax. Therefore, the assessee’s contention on this cunt is not tenable

DCIT, CIR-12(2), KOLKATA, KOLKATA vs. M/S PHILIPS INDIA LTD., KOLKATA

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

3,71,65,130 instead of Rs. 4,84,89,927, thereby resulting in short grant of credit of Rs. 1,13,24,797. 9. Interest under section 234A 9.1. The Learned AO erred in levying interest of Rs. 1,35,46,528 under section 234A of the Act. 10. Interest under section 234B 10.1 The Learned AO erred

M/S PHILIPS INDIA LTD.,KOLKATA vs. DCIT, CIR-12(2), KOLKATA, KOLKATA

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

3,71,65,130 instead of Rs. 4,84,89,927, thereby resulting in short grant of credit of Rs. 1,13,24,797. 9. Interest under section 234A 9.1. The Learned AO erred in levying interest of Rs. 1,35,46,528 under section 234A of the Act. 10. Interest under section 234B 10.1 The Learned AO erred

DCIT, CIR-2(1), KOLKATA, KOLKATA vs. M/S OUTOTEC GMBH, KOLKATA

In the result, the appeal filed by the Revenue ( in ITA No

Bench: Shri N. C. Vasudevan, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.160/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 Outotec Gmbh Vs. D.C.I.T., International C/O Outotec India Private Ltd., Taxation-2(1), Kolkata 12Th Floor, South City Pinnacle, Plot- Aayakar Bhawan Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. Poorva,110 Shanti Pally, Kolkata-700107 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Assessee) .. (Respondent/Department) आयकर अपील सं./Ita No.193/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 D.C.I.T., International Vs. Outotec Gmbh Taxation-2(1), Kolkata Aayakar Bhawan Poorva,110 C/O Outotec India Private Ltd., Shanti Pally, Kolkata-700107 12Th Floor, South City Pinnacle, Plot-Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Department) .. (Respondent/Assessee) Department By : Shri G. Mallikarjuna, Cit Dr. Assessee By : Subhabrata Mukherjee, Ar & Soumyadip Roy Choudhury, Ar सुनवाई क" तारीख / Date Of Hearing : 10/07/2017 घोषणा क" तारीख/Date Of Pronouncement : 08/09/2017

234A of the Act which is consequential in nature. Levy of interest u/s 234B of the Act 5. That on the facts and in the circumstance of the case and in law, Ld. AO / DRP erred in imposing interest under section 234B of the Act on the appellant, for default in payment of advance tax, without appreciating the fact that

OUTOTEC GMBH,KOLKATA vs. THE DCIT, IT - 2(1), KOLKATA, KOLKATA

In the result, the appeal filed by the Revenue ( in ITA No

Bench: Shri N. C. Vasudevan, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.160/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 Outotec Gmbh Vs. D.C.I.T., International C/O Outotec India Private Ltd., Taxation-2(1), Kolkata 12Th Floor, South City Pinnacle, Plot- Aayakar Bhawan Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. Poorva,110 Shanti Pally, Kolkata-700107 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Assessee) .. (Respondent/Department) आयकर अपील सं./Ita No.193/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 D.C.I.T., International Vs. Outotec Gmbh Taxation-2(1), Kolkata Aayakar Bhawan Poorva,110 C/O Outotec India Private Ltd., Shanti Pally, Kolkata-700107 12Th Floor, South City Pinnacle, Plot-Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Department) .. (Respondent/Assessee) Department By : Shri G. Mallikarjuna, Cit Dr. Assessee By : Subhabrata Mukherjee, Ar & Soumyadip Roy Choudhury, Ar सुनवाई क" तारीख / Date Of Hearing : 10/07/2017 घोषणा क" तारीख/Date Of Pronouncement : 08/09/2017

234A of the Act which is consequential in nature. Levy of interest u/s 234B of the Act 5. That on the facts and in the circumstance of the case and in law, Ld. AO / DRP erred in imposing interest under section 234B of the Act on the appellant, for default in payment of advance tax, without appreciating the fact that

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

Bench: Sri Pradip Kumar Choubey & Sri Rakesh Mishra

3 raised against interest charged u/s 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

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

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(1)(b) of the Income Tax Act 1961. 16. That the Ld. Assessing Officer arbitrarily initiated penalty proceeding under section 271