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64 results for “penalty u/s 271”+ Section 56clear

Sorted by relevance

Mumbai497Delhi470Jaipur156Ahmedabad120Bangalore119Hyderabad111Chennai68Kolkata64Chandigarh60Pune58Raipur53Indore48Rajkot47Amritsar40Surat39Nagpur29Allahabad26Lucknow22Visakhapatnam21Patna12Agra10Guwahati10Cuttack8Varanasi7Ranchi7Cochin5Dehradun4Jodhpur3Panaji3Jabalpur3

Key Topics

Section 143(3)57Section 271(1)(c)53Section 14743Section 14840Addition to Income39Section 25033Section 6831Section 143(2)24Penalty

AMIT KHEMKA,KOLKATA vs. ITO, WARD - 43(1), KOLKATA

In the result, the appeal is partly allowed

ITA 635/KOL/2024[2012-13]Status: DisposedITAT Kolkata20 Aug 2024AY 2012-13

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

For Appellant: Shri Vikash Kumar Agarwal, FCAFor Respondent: Shri Manoj Kumar Pati, Addl. CIT, Sr. DR
Section 147Section 250Section 271BSection 68

56,294/- as against the returned income of Rs.6,58,970/- and the addition on account of unexplained cash credit u/s 68 of the Act was made. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A)-13, Kolkata. The Ld. CIT(A) observed that the sum of actual cash and other deposits

AMIT KHEMKA,KOLKATA vs. ITO, WARD - 43(1), KOLKATA

Showing 1–20 of 64 · Page 1 of 4

24
Section 15121
Unexplained Cash Credit15
Cash Deposit11

In the result, the appeal is partly allowed

ITA 636/KOL/2024[2012-13]Status: DisposedITAT Kolkata20 Aug 2024AY 2012-13

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

For Appellant: Shri Vikash Kumar Agarwal, FCAFor Respondent: Shri Manoj Kumar Pati, Addl. CIT, Sr. DR
Section 147Section 250Section 271BSection 68

56,294/- as against the returned income of Rs.6,58,970/- and the addition on account of unexplained cash credit u/s 68 of the Act was made. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A)-13, Kolkata. The Ld. CIT(A) observed that the sum of actual cash and other deposits

AMITABHA SANYAL,KOLKATA vs. ITO, WARD-58(4), KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed and the penalty levied is hereby deleted

ITA 359/KOL/2022[2011-2012]Status: DisposedITAT Kolkata05 Nov 2024AY 2011-2012

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishraassessment Years: 2011-12 Amitabha Sanyal, Income Tax Officer, 108B, Block-F, New Alipore, Ward – 58(4), Kolkata, Kolkata – 700053 Vs Aayakar Bhawan, (Pan: Aleps2352J) Bamboo Villa, 169, A.J.C. Bose Road, Kolkata - 700014 (Appellant) (Respondent)

For Appellant: Shri Amitabha Sanyal, AssesseeFor Respondent: Shri P.P. Barman, CIT, Sr. DR
Section 139(1)Section 148Section 250Section 254(2)Section 271Section 271(1)(c)Section 275

u/s 271(1)(c) of the Act dated 15.05.2019. 2. The grounds of appeal raised by the assessee are reproduced as under: “1. That the impugned order dated 11th April 2022 passed by the Ld. National Faceless Assessment Centre, Kolkata (the Assessing Officer) under section 271(1)(c) of the Act, levying penalty of Rs. 4,56

NEWAGE VINIMAY PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 8(2), KOLKATA

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

ITA 2307/KOL/2025[2015-2016]Status: DisposedITAT Kolkata11 Feb 2026AY 2015-2016

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(2)Section 143(3)Section 250Section 271(1)(c)Section 56(2)Section 56(2)(viia)

penalty proceedings u/s 271(1)(c) of the Act. Aggrieved with the assessment order, the assessee ITA No.: 2307/KOL/2025 Assessment Year: 2015-16 Newage Vinimay Pvt. Ltd. filed an appeal before the Ld. CIT(A) who vide order dated 08.08.2025 by holding that he found no merit in the contention of the assessee that allotment of shares did not tantamount

BAGARIA LEASING PVT. LTD.,KOLKATA vs. ITO, WARD-1(1), KOLKATA

In the result, both the appeals filed by the assessee are allowed for statistical purposes

ITA 441/KOL/2024[2007-08]Status: DisposedITAT Kolkata29 Nov 2024AY 2007-08

Bench: Sonjoy Sarma & Sri Rakesh Mishra

Section 143(3)Section 250Section 263Section 271(1)(c)

56,701/- and penalty proceedings u/s 271(1)(c) of the Act were also initiated. Subsequent to the passing of the assessment order, penalty u/s 271(1)(c) of the Act was imposed at Rs. 2,84,15,638/- vide order dated 14.02.2019. The assessee filed an appeal before the Ld. CIT(A) who issued several notices from

BAGARIA LEASING PVT. LTD.,KOLKATA vs. ITO, WARD-1(1), KOLKATA

In the result, both the appeals filed by the assessee are allowed for statistical purposes

ITA 442/KOL/2024[2008-09]Status: DisposedITAT Kolkata29 Nov 2024AY 2008-09

Bench: Sonjoy Sarma & Sri Rakesh Mishra

Section 143(3)Section 250Section 263Section 271(1)(c)

56,701/- and penalty proceedings u/s 271(1)(c) of the Act were also initiated. Subsequent to the passing of the assessment order, penalty u/s 271(1)(c) of the Act was imposed at Rs. 2,84,15,638/- vide order dated 14.02.2019. The assessee filed an appeal before the Ld. CIT(A) who issued several notices from

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

In the result, the appeal of the assessee is allowed

ITA 139/KOL/2021[2014-15]Status: DisposedITAT Kolkata20 Feb 2023AY 2014-15

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

Section 143(3)Section 144CSection 153Section 156Section 271Section 271(1)(c)Section 274

section 144C of the I.T. Act, 1961. Copy of Draft Assessment Order is issued to the assessee. Tax payable as per calculation sheet. 6. Penalty proceeding u/s 271(1)(c) of the I.T. Act, 1961 is initiated separately for furnishing inaccurate particulars of income. (R. Kiruthiga) DCIT, Circle-3(2), Gangtok”. 8. The ld. Assessing Officer has determined the taxable

INDU MOHTA L/H OF CHHAGAN LAL MOHTA,KOLKATA vs. D.C.I.T., CIRCLE - 61,, KOLKATA

Appeal of the assessee is allowed

ITA 663/KOL/2025[2014-2015]Status: DisposedITAT Kolkata30 Jun 2025AY 2014-2015

Bench: SHRI GEORGE MATHAN, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

Section 143(3)Section 250Section 271(1)(c)Section 92(2)Section 93

Section 93 of the said scheme, no penalty in respect of such addition can be legally imposed. It is thus prayed that the impugned penalty order dated 06.01.2025 passed u/s 271(1)(c) of the Act may kindly be quashed and the penalty of Rs.1,56

MAA CHINTPOORNI TIE-UP PRIVATE LIMITED,KOLKATA vs. I.T.O, WARD-1(2), KOLKATA, KOLKATA

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

ITA 541/KOL/2023[2015-16]Status: DisposedITAT Kolkata21 Jun 2024AY 2015-16

Bench: Shri Sanjay Garg & Shri Rakesh Mishra

For Appellant: Shri Himadri Mukhopadhyay, Advocate & ShriFor Respondent: Shri Sailen Samadder, Addl. CIT, Sr. DR
Section 143(3)Section 14ASection 250Section 271(1)(C)Section 271(1)(c)

penalty proceedings u/s. 271(1)(c) of the Act. 5. The AO also observed that the assessee has average investment of Rs.8,66,93,038/- being the average of FY 2013-14 and FY 2014-15 invested in shares, income from which in the form of dividend, Maa Chintpoorni Tie-Up Pvt. Ltd. AY: 2015-16 irrespective of the fact

MAA CHINTPOORNI TIE-UP PVT. LTD. ,KOLKATA vs. ITO, WD-1(2), KOLKATA, KOLKATA

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

ITA 540/KOL/2023[2015-16]Status: DisposedITAT Kolkata21 Jun 2024AY 2015-16

Bench: Shri Sanjay Garg & Shri Rakesh Mishra

For Appellant: Shri Himadri Mukhopadhyay, Advocate & ShriFor Respondent: Shri Sailen Samadder, Addl. CIT, Sr. DR
Section 143(3)Section 14ASection 250Section 271(1)(C)Section 271(1)(c)

penalty proceedings u/s. 271(1)(c) of the Act. 5. The AO also observed that the assessee has average investment of Rs.8,66,93,038/- being the average of FY 2013-14 and FY 2014-15 invested in shares, income from which in the form of dividend, Maa Chintpoorni Tie-Up Pvt. Ltd. AY: 2015-16 irrespective of the fact

MUKLESUR RAHAMAN,KOLKATA vs. ACIT, CIR.-61, , KOLKATA

In the result, appeal of the assessee is allowed

ITA 39/KOL/2024[2015-16]Status: DisposedITAT Kolkata19 Mar 2024AY 2015-16

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16 Muklesur Rahaman Sarkar Assistant Commissioner Of C/O Subash Agarwal & Income Tax, Circle 61, Associates, Advocates, Siddha Vs. Kolkata. Gibson, 1, Gibson Lane, Suite 213, 2Nd Floor, Kolkata-700069. (Pan: Atpps0434C) (Appellant) (Respondent)

For Appellant: Shri Siddharth Agarwal, AdvocateFor Respondent: Shri Rakeshb Kumar Das, CIT, DR
Section 143(3)Section 271(1)(c)Section 274Section 56(2)(vii)

56(2)(vii)(b) of the Act. Ld. CIT(A) confirmed the penalty so imposed. 4. Before us, Ld. Counsel for the assessee asserted that the notice issued u/s. 274 read with section 271

AKRAM HOSSAIN MULLICK,HOWRAH vs. ACIT,CIR-47,, KOLKATA

In the result, appeal of the assessee is allowed

ITA 321/KOL/2023[2016-17]Status: DisposedITAT Kolkata11 Jul 2023AY 2016-17

Bench: Shri Sanjay Garg & Shri Girish Agrawal

For Appellant: Shri S. P. Datta, AdvocateFor Respondent: Shri P. P. Barman, Addl. CIT, Sr. DR
Section 143(3)Section 271(1)(c)

56,073/-. Penalty proceeding was initiated u/s. 271(1)(c) for furnishing of inaccurate particulars of income in this respect. In the penalty proceedings, assessee submitted his explanations. However, Ld. AO completed the same by imposing penalty @ 100% amounting to Rs.4,49,908/-. Aggrieved, assessee went in appeal before the Ld. CIT(A). 4. Before

BALAKA VINIMAY PVT. LTD.,KOLKATA vs. ITO, WARD-2(1), KOLKATA

In the result, appeals of the assessee in ITA No

ITA 160/KOL/2024[2008-09]Status: DisposedITAT Kolkata21 Jun 2024AY 2008-09

Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 160 & 161/Kol/2024 Assessment Year: 2008-09 Balaka Vinimay Pvt. Ltd. Income Tax Officer, Ward – 2(1), 9/12, Lal Bazar Street Vs Kolkata Kolkata - 700001 [Pan : Aadcb2610B] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri A.K. Tibrewal, A/R & Saurav Gupta, A/R Revenue By : Shri Abhijit Kundu, Cit, Sr. D/R सुनवाई क" तारीख/Date Of Hearing : 09/04/2024 घोषणा क" तारीख /Date Of Pronouncement: 21/06/2024 आदेश/O R D E R Per Dr. Manish Borad: The Instant Appeals Are Directed At The Instance Of The Assessee Against The Separate Orders Of The National Faceless Appeal Centre, Delhi, (Hereinafter The “Ld. Cit(A)”). Ita No. 160/Kol/2024 Is Against The Order Of The Ld. Cit(A) Dt. 29/11/2023, Passed U/S 250 Of The Income Tax Act, 1961 (Hereinafter ‘The Act’) Arising Out Of The Penalty Order Passed By The Ld. Assessing Officer U/S 271(1)(C) Of The Act & Ita No. 161/Kol/2023, Is Against The Order Of The Ld. Cit(A) Dt. 28/11/2023, Arising Out Of The Order Of The Ld. Assessing Officer Passed U/S 143(3) R.W.S. 254 Of The Act, For Assessment Year 2008-09. 2. Though The Assessee Has Raised Various Grounds In Both These Appeals, But The Effective Issue Raised In Ita No. 161/Kol/2024 Is Against The Addition Made U/S 68 Of The Act For Unexplained Share Capital Confirmed By The Ld. Cit(A) & In Ita No. 160/Kol/2024 Is Against The Levy Of Penalty U/S 271(1)(C) Of The Act On The Addition Made

For Appellant: Shri A.K. Tibrewal, A/R and Saurav Gupta, A/RFor Respondent: Shri Abhijit Kundu, CIT, Sr. D/R
Section 142(1)Section 143(3)Section 147Section 148Section 250Section 263Section 271(1)(c)Section 68

penalty u/s 271(1)(c) of the Act depends on the outcome of the appeal on quantum addition in ITA No. 161/Kol/2024, we first taken up ITA No. 161/Kol/2024 for adjudication. 3. Facts in brief are that the assessee is a private limited company engaged in business and declared income of Rs.318/- in the original return of income furnished

BALAKA VINIMAY PVT. LTD.,KOLKATA vs. ITO, WARD-2(1), KOLKATA

In the result, appeals of the assessee in ITA No

ITA 161/KOL/2024[2008-09]Status: DisposedITAT Kolkata21 Jun 2024AY 2008-09

Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 160 & 161/Kol/2024 Assessment Year: 2008-09 Balaka Vinimay Pvt. Ltd. Income Tax Officer, Ward – 2(1), 9/12, Lal Bazar Street Vs Kolkata Kolkata - 700001 [Pan : Aadcb2610B] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri A.K. Tibrewal, A/R & Saurav Gupta, A/R Revenue By : Shri Abhijit Kundu, Cit, Sr. D/R सुनवाई क" तारीख/Date Of Hearing : 09/04/2024 घोषणा क" तारीख /Date Of Pronouncement: 21/06/2024 आदेश/O R D E R Per Dr. Manish Borad: The Instant Appeals Are Directed At The Instance Of The Assessee Against The Separate Orders Of The National Faceless Appeal Centre, Delhi, (Hereinafter The “Ld. Cit(A)”). Ita No. 160/Kol/2024 Is Against The Order Of The Ld. Cit(A) Dt. 29/11/2023, Passed U/S 250 Of The Income Tax Act, 1961 (Hereinafter ‘The Act’) Arising Out Of The Penalty Order Passed By The Ld. Assessing Officer U/S 271(1)(C) Of The Act & Ita No. 161/Kol/2023, Is Against The Order Of The Ld. Cit(A) Dt. 28/11/2023, Arising Out Of The Order Of The Ld. Assessing Officer Passed U/S 143(3) R.W.S. 254 Of The Act, For Assessment Year 2008-09. 2. Though The Assessee Has Raised Various Grounds In Both These Appeals, But The Effective Issue Raised In Ita No. 161/Kol/2024 Is Against The Addition Made U/S 68 Of The Act For Unexplained Share Capital Confirmed By The Ld. Cit(A) & In Ita No. 160/Kol/2024 Is Against The Levy Of Penalty U/S 271(1)(C) Of The Act On The Addition Made

For Appellant: Shri A.K. Tibrewal, A/R and Saurav Gupta, A/RFor Respondent: Shri Abhijit Kundu, CIT, Sr. D/R
Section 142(1)Section 143(3)Section 147Section 148Section 250Section 263Section 271(1)(c)Section 68

penalty u/s 271(1)(c) of the Act depends on the outcome of the appeal on quantum addition in ITA No. 161/Kol/2024, we first taken up ITA No. 161/Kol/2024 for adjudication. 3. Facts in brief are that the assessee is a private limited company engaged in business and declared income of Rs.318/- in the original return of income furnished

SRI SANAT KUMAR DAS,KOLKATA vs. DCIT, (I.T.), CIR. 2(1), KOLKATA

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

ITA 202/KOL/2024[2014-15]Status: DisposedITAT Kolkata06 May 2024AY 2014-15

Bench: Sri Rajpal Yadav, Vice- & Sri Sanjay Awasthi

Section 143(3)Section 154Section 250Section 27(1)(c)Section 271Section 271(1)(c)Section 274Section 90Section 90(2)

56,793/- u/s 90(2) while computing the tax liability of the Appellant. Accordingly, the Ld. AO is directed to Compute the UK Salary Income of the Appellant at accordingly and also allow credit for taxes as held as above.” Page 3 of 6 I.T.A. No.: 202/KOL/2024 Assessment Year: 2014-15 Sri Sanat Kumar Das. 4. Admittedly, the impugned order

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

ITA 1804/KOL/2025[2019-2020]Status: DisposedITAT Kolkata02 Dec 2025AY 2019-2020

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:

Section 142(1)Section 147Section 15Section 250Section 272A(1)(d)Section 45Section 56Section 69ASection 69B

56 amounting to Rs. 84,644/-. 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

GOPAL BANIK,KOLKATA vs. PCIT(CENTRAL), KOLKATA -2,, KOLKATA

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

ITA 1430/KOL/2025[2019-20]Status: DisposedITAT Kolkata21 Jan 2026AY 2019-20

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyassessment Year: 2019-20 Gopal Banik…….…………..……..……….………….……….……….……Appellant 20, Apc Road, Kol- 700009.. [Pan: Aegpb1186E] Vs. Pcit (Central)-2, Kolkata…………………………..…….....……...…..…..Respondent Appearances By: Shri K K Khemka, Advocate, Appeared On Behalf Of The Appellant. Shri Sandeep Kumar Mehta, Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 05, 2026 Date Of Pronouncing The Order : January 21, 2026 Order Per Pradip Kumar Choubey: This Appeal Filed By The Assessee Is Directed Against The Order Dated 29.11.2024 Of The Nfac, Delhi (Hereinafter Referred To As The “Cit(A)”) Passed U/S 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As “The Act”) For The Assessment Year 2020–21. 2. The Appeal Has Been Filed By The Assessee With A Delay Of 174 Days & The Assessee Has Filed An Affidavit For Condonation Of The Delay. After Going Over The Said Affidavit, We Find Sufficient Reasons Behind The Delay & Consequently, The Delay In Filing The Appeal Is Hereby Condoned & We Proceed To Dispose Of The Appeal On Merits.

Section 132Section 250Section 270ASection 270A(1)Section 270A(7)Section 271(1)(c)Section 274Section 69A

56,386/- and Rs.3,20,000/- was deleted by the Hon’ble ITAT. During the penalty proceedings, the assessee was provided sufficient opportunity of being heard and after hearing the assessee, the tax payable on the under reported income of Rs.22,65,699/- and penalty was imposed @ 50% of the tax payable at Rs.11,32,850/-. 4. Aggrieved

SILKINA COMMODEAL PVT. LTD.,KOLKATA vs. ITO, WARD 3(3), KOLKATA

In the result, appeal of the assessee is allowed

ITA 1439/KOL/2023[2012-13]Status: DisposedITAT Kolkata05 Mar 2024AY 2012-13

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Shri Siddarth Agarwal, AdvocateFor Respondent: Shri Arup Chatterjee, Addl. CIT
Section 147Section 148Section 271(1)(c)Section 68

271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), dated 15.12.2017, 24.12.2019 for AY 2010-11 and 2012-13 and dated 26.06.2018 for AY 2010-11. Silkina Commodeal Pvt. Ltd. AYs 2010 -11 & 2012-13 2. In the two appeals on the quantum there are common issues relating to challenging the validity of reopening

SILKINA COMMODEAL PVT. LTD.,KOLKATA vs. ITO, WARD-3(3), KOLKATA

In the result, appeal of the assessee is allowed

ITA 1438/KOL/2023[2010-11]Status: DisposedITAT Kolkata05 Mar 2024AY 2010-11

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Shri Siddarth Agarwal, AdvocateFor Respondent: Shri Arup Chatterjee, Addl. CIT
Section 147Section 148Section 271(1)(c)Section 68

271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), dated 15.12.2017, 24.12.2019 for AY 2010-11 and 2012-13 and dated 26.06.2018 for AY 2010-11. Silkina Commodeal Pvt. Ltd. AYs 2010 -11 & 2012-13 2. In the two appeals on the quantum there are common issues relating to challenging the validity of reopening

SILKINA COMMODEAL PVT. LTD.,KOLKATA vs. ITO, WARD-3(3), KOLKATA

In the result, appeal of the assessee is allowed

ITA 1437/KOL/2023[2010-11]Status: DisposedITAT Kolkata05 Mar 2024AY 2010-11

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Shri Siddarth Agarwal, AdvocateFor Respondent: Shri Arup Chatterjee, Addl. CIT
Section 147Section 148Section 271(1)(c)Section 68

271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), dated 15.12.2017, 24.12.2019 for AY 2010-11 and 2012-13 and dated 26.06.2018 for AY 2010-11. Silkina Commodeal Pvt. Ltd. AYs 2010 -11 & 2012-13 2. In the two appeals on the quantum there are common issues relating to challenging the validity of reopening