SSL EXPORTS LTD., ,HOWRAH vs. DCIT, CIRCLE - 3(1), KOLKATA

In the result this ground of the assessee is allowed

Bench: Sri J. Sudhakar Reddy & Sri Aby T. Varkey)

Penalty u/s 271(l)(c) r.w.s 274 of the IT Act,1961 is being issued separately for furnishing inaccurate particulars and concealment of income.” 4. Aggrieved, the assessee carried the matter in appeal. The first appellate authority held as follows: “I have considered the submission of the appellant and perused the relevant assessment records. The survey operation were conducted

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 :-

35 St. Thomas Street, London SE 1 9SN. PwC DA is engaged in providing management consultancy services to clients 1 9SN. PwC DA is engaged in providing management consultancy services to clients 1 9SN. PwC DA is engaged in providing management consultancy services to clients especially engaged in the development projects funded by especially engaged in the development projects funded

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

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 of penalty 2000-2001 Rs. 4,99,620/- 2001-2002 Rs. 7,02,000/- 2002-2003 Rs. 6,12,000/- 2003-2004 Rs.11,25,000/- 2004-2005 Rs.24

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

II/KOL./09- 10 dated 22.3.2010 for Asst Year 2006-07 and Appeal No. 112/CC-XXVII/CIT(A)-C- II/KOL./09-10 dated 22.3.2010 for Asst Year 2007-08 against the order of the Learned AO levying penalty u/s 271(1)(c ) of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’). 1 ITA Nos. 1386 to 1388/Kol/2010-C-AM M/s. Pratap Properties

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 ]

penalty proceedings to explain the reasons as to why he had not admitted the entire incomes in each of the returns filed u/s 139(1) of the Act for A.Y.2001-02, 2002-03, 2004-05 and 2005-06. With regard to the immunity Explanation 5 to Sec. 271(1)(c) of the Act, the CIT(A) was of the view that

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 ]

penalty proceedings to explain the reasons as to why he had not admitted the entire incomes in each of the returns filed u/s 139(1) of the Act for A.Y.2001-02, 2002-03, 2004-05 and 2005-06. With regard to the immunity Explanation 5 to Sec. 271(1)(c) of the Act, the CIT(A) was of the view that

ACIT, CENTRAL CIRCLE - 2(3), KOLKATA , KOLKATA vs. DILIP KUMAR MODI, KOLKATA

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

35,000/- on 29.09.2016. The assessee preferred appeal against the order u/s. 271AAB(1)(c) before the CIT(A)- 20 Kolkata who has held in view of several cited court’s decision including the decision of the Hon'ble Supreme Court in the case of Sudharsan Silk and Sareees, (300 ITR 30) and Dilip N. Shroff

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

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

35,000/- on 29.09.2016. The assessee preferred appeal against the order u/s. 271AAB(1)(c) before the CIT(A)- 20 Kolkata who has held in view of several cited court’s decision including the decision of the Hon'ble Supreme Court in the case of Sudharsan Silk and Sareees, (300 ITR 30) and Dilip N. Shroff

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

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

35,000/- on 29.09.2016. The assessee preferred appeal against the order u/s. 271AAB(1)(c) before the CIT(A)- 20 Kolkata who has held in view of several cited court’s decision including the decision of the Hon'ble Supreme Court in the case of Sudharsan Silk and Sareees, (300 ITR 30) and Dilip N. Shroff

ACIT, CENTRAL CIRCLE - 2(3), KOLKATA , KOLKATA vs. KAMALESH AGARWAL, KOLKATA

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

35,000/- on 29.09.2016. The assessee preferred appeal against the order u/s. 271AAB(1)(c) before the CIT(A)- 20 Kolkata who has held in view of several cited court’s decision including the decision of the Hon'ble Supreme Court in the case of Sudharsan Silk and Sareees, (300 ITR 30) and Dilip N. Shroff

ACIT, CENTRAL CIRCLE - 2(3), KOLKATA , KOLKATA vs. SHRI MURARILAL AGARWAL, KOLKATA

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

35,000/- on 29.09.2016. The assessee preferred appeal against the order u/s. 271AAB(1)(c) before the CIT(A)- 20 Kolkata who has held in view of several cited court’s decision including the decision of the Hon'ble Supreme Court in the case of Sudharsan Silk and Sareees, (300 ITR 30) and Dilip N. Shroff

CARBON FINANCE LTD.,KOLKATA vs. ITO, WD-8(2), KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed

Bench: Shri M. Balaganesh, Am & Shri Partha Sarathi Chaudhury, Jm]

ii) u/s. 14A Rs.1,61,907/- = Rs.2,67,650/-. The details of reasons for additions of the above two amounts were discussed in the body of the assessment order and proceedings u/s. 271(1)(c) of the Act was initiated. In response to the notice u/s. 271(1)(c) of the Act the Director of the company submitted written explanation

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)

35(1)(ii) and section 35CCA. • The assessee made a donation of Rs. 10 lakhs to Trust 'M' by cheque and subsequently got the cheque encashed through a bogus account opened in the bank for the said purpose. It has also been found that though the donation was made by a cheque which was crossed 'account payee only'; the special

DCIT,CC-4(2), KOLKATA, KOLKATA vs. THARUR BHASKARAN, KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

35 590/K/23 2013-2014 Tharur 30.06.2022 u/s 250 23.04.2015 271(1)(c) Bhaskaran 2. The Registry has pointed out that all these appeals are time barred by 248 days. In order to explain the delay, Department has filed an application for condonation of the delay and such application reads as under:- “Nalini Bhaskaran A.Y. 1999-2000 Condonation of Delay 1

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

35 590/K/23 2013-2014 Tharur 30.06.2022 u/s 250 23.04.2015 271(1)(c) Bhaskaran 2. The Registry has pointed out that all these appeals are time barred by 248 days. In order to explain the delay, Department has filed an application for condonation of the delay and such application reads as under:- “Nalini Bhaskaran A.Y. 1999-2000 Condonation of Delay 1

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

35 590/K/23 2013-2014 Tharur 30.06.2022 u/s 250 23.04.2015 271(1)(c) Bhaskaran 2. The Registry has pointed out that all these appeals are time barred by 248 days. In order to explain the delay, Department has filed an application for condonation of the delay and such application reads as under:- “Nalini Bhaskaran A.Y. 1999-2000 Condonation of Delay 1

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

35 590/K/23 2013-2014 Tharur 30.06.2022 u/s 250 23.04.2015 271(1)(c) Bhaskaran 2. The Registry has pointed out that all these appeals are time barred by 248 days. In order to explain the delay, Department has filed an application for condonation of the delay and such application reads as under:- “Nalini Bhaskaran A.Y. 1999-2000 Condonation of Delay 1

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

35 590/K/23 2013-2014 Tharur 30.06.2022 u/s 250 23.04.2015 271(1)(c) Bhaskaran 2. The Registry has pointed out that all these appeals are time barred by 248 days. In order to explain the delay, Department has filed an application for condonation of the delay and such application reads as under:- “Nalini Bhaskaran A.Y. 1999-2000 Condonation of Delay 1