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

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:

Short Term Capital Gain u/s 45 amounting to Rs. 2,25,001/-. ii. Income from other sources u/s 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

CHANDRAVADAN DESAI,KOLKATA vs. ITO, WARD-7(2), KOLKATA, KOLKATA

In the result, appeal of the assessee is allowed as per terms indicated above

Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 674/Kol/2023 Assessment Year: 2014-15 Chandravadan Desai Income Tax Officer, Ward-7(2), Sb Tower, 3Rd Floor Vs Kolkata 37, Shakespeare Sarani Circus Avenue S.O. Kolkata - 700017 [Pan : Aabdh5812Q] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Akkal Dudhewala, A.R. Revenue By : Shri Abhijit Kundu, Cit, D/R सुनवाई क" तारीख/Date Of Hearing : 06/02/2024 घोषणा क" तारीख /Date Of Pronouncement: 17/04/2024 आदेश/O R D E R Per Dr. Manish Borad: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi (In Short ‘Ld. First Appellate Authority’) Dt. 09/05/2023 Which Is Arising Out Of The Assessment Order U/S 143(3) Of The Income-Tax Act, 1961 (Hereinafter ‘The Act’), Dt. 30/12/2016 Relevant To Assessment Year 2014-15 Framed By Acit, Circle-32, Kolkata. 2. The Assessee Has Raised The Following Grounds Of Appeal:- “1. For That On The Facts & In The Circumstances Of The Case, The Lower Authorities Inspite Of Being Aware That Chandravadan Desai Huf Had Been Partitioned & Had Ceased To Exist Upon Its Partition On The 26Th Day Of March 2014 & The Impugned Penalty Order Passed By The Ao In The Name Of Chandravadan Desai Huf, A Non-Existent Person Was Invalid & Therefore The Order Deserves To Be Cancelled.

short ‘ld. First Appellate Authority’) dt. 09/05/2023 which is arising out of the assessment order u/s 143(3) of the Income-tax Act, 1961 (hereinafter ‘the Act’), dt. 30/12/2016 relevant to Assessment Year 2014-15 framed by ACIT, Circle-32, Kolkata. 2. The assessee has raised the following grounds of appeal:- “1. For that on the facts

JITENDRA KUMAR JAIN(HUF),KOLKATA vs. ITO, WARD-43(3), KOLKATA

In the result, appeal of the assessee is allowed

Bench: the start of the appellate proceedings or in course of appellate proceedings.”

short the ‘Act’) by the National Faceless Appeal Centre (NFAC), Delhi, dated 06.11.2023 arising out of Penalty Order dated 06.09.2021, passed under Section 271(1)(c) of the Act. 2. The Assessee has raised the following grounds of appeal: I.T.A. No. 22/Kol/2024 Jitendra Kumar Jain (HUF) “1.) That on the facts and in the circumstances of the case

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

short ld. ‘CIT(A)’] dated 21.11.2022 arising out of the assessment order framed u/s 144 of the Act dated 08.12.2018. 2. It appears from the record that the instant appeal has been filed after a delay of 344 days. Ld. Counsel for the assessee submitted that the appellant was an employee of IBM India Pvt. Ltd. and he had moved

ITO, WARD-1(1), KOL, KOLKATA vs. M/S. ILLUSION BARTER PVT. LTD. , KOLKATA

In the result, the appeal filed by the revenue in ITA No

Bench: Dr. Manish Borad & Sri Anikesh Banerjee

gains (LTCG)/short term capital loss (STCL) through penny stocks from monetary limits specified in any circular issued under 268A of the Income Tax Act.” 3. When the appeal was called for hearing, no one appeared on behalf of assessee to represent his case. There is no application for seeking adjournment either. On perusal of record, we find that

NAVANSH VINIMAY PVT. LTD.,KOLKATA vs. I.T.O., WARD - 8(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is dismissed

Bench: Shri George Mathan & Shri Rakesh Mishra

gain in trading in penny stock named Banas finance Ltd is added as unexplained credit u/s 68 of the Act, in the absence of any explanation to substantiate the receipt by the assessee and added to the total income of the assessee. As the assessee has deliberately and wilfully furnished inaccurate particulars of income, a conclusion which is obvious from

KALYANI KOLEY,HOWRAH vs. CIT(A), KOLKATA

Appeal of the assessee is allowed

Bench: SHRI SONJOY SARMA, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

271(1)(c) of the Act for the assessment year 2013-14 in the case of your petitioner. After going through the annexure of the said notice, he understood that since the Commissioner (Appeals), by the said order dated November 1, 2023, dismissed the appeal filed by your petitioner, said penalty notice was issued by the National Faceless Assessment Centre

M/S TATA GLOBAL BEVERAGES LIMITED,KOLKATA vs. THE DCIT, CIRCLE-4(2), KOLKATA, KOLKATA

In the result, the appeals filed by the assessee for AY 2012-

Bench: Dr. Manish Borad & Sonjoy Sarma

capital gains amounting to Rs 1,36,025/- twice in the gross total income of the Appellant. 6. That on the facts and in the circumstances of the case, the Ld. DRP as well as the Ld. AO erred in not allowing deduction of u/s 80G of the Act amounting to Rs. 1,00,00,000/-. Page

M/S TATA GLOBAL BEVERAGES LIMITED,KOLKATA vs. THE DCIT, CIRCLE-4(2), KOLKATA, KOLKATA

In the result, the appeals filed by the assessee for AY 2012-

Bench: Dr. Manish Borad & Sonjoy Sarma

capital gains amounting to Rs 1,36,025/- twice in the gross total income of the Appellant. 6. That on the facts and in the circumstances of the case, the Ld. DRP as well as the Ld. AO erred in not allowing deduction of u/s 80G of the Act amounting to Rs. 1,00,00,000/-. Page

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(2), KOLKATA, AAYAKAR BHAWAN POORVA vs. DHARMENDRA SINGH, KOLKATA

Appeal of the revenue is allowed

Bench: The Hon’Ble Itat Received From The Office Of The Pr. Cit, Central-2, Kolkata 26.06.2024 Filed 2Nd Appeal U/S 253 Before The Hon’Ble Itat, Kolkata

term capital gains (LTCG) shown by the assessee was allegedly bogus. The Ld. DR took us through various portions of the Ld. AO’s order, especially para 5 at pages 5 and 6 thereon, to show that the impugned transaction was nothing but a money laundering exercise. The passage read out by the Ld DR (para

BALHANUMAN COMMODEAL PVT. LTD.,KOLKATA vs. ITO, WARD-5(4), KOLKATA

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2012-13

Penalty proceedings u/s 271(1)(c) of the I. T. Act, 1961 has been initiated against the assessee on this point for concealing the particulars of income and furnishing Inaccurate particulars of income. 5. It is found that the assessee has shown Rs. 14,00,000/- as current investments in equity as on 31.03.2012. No such is found

MCNALLY SAYAJI ENGINEERING LIMITED,KOLKATA vs. DCIT, CIRCLE - 1(1), KOLKATA, KOLKATA

In the result, both the appeals are dismissed

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2009-10 & Assessment Year: 2013-14 Mcnally Sayaji Engineering Deputy Commissioner Of Limited, Income Tax, Circle 1(1), Ecospace, Campus 2B, 11F/12 Aayakar Bhavan, P-7, (Old Plot No. Aa Ii/Blk 3), Chowringhee Square, Vs New Town, Rajarhat, Kolkata - 700069 North 24 Paragans, Kolkata - 7000156 (Pan: Aaccs5491A) (Appellant) (Respondent) Present For: Appellant By : Shri Abhishek Sureka, Ar Respondent By : Shri Rakesh Kumar Das, Cit, Dr Shri Vineet Kumar, Addl. Cit, Sr. Dr Date Of Hearing : 08.07.2024 Date Of Pronouncement : 03.10.2024 O R D E R Per Rakesh Mishra: These Two Appeals Filed By The Assessee Are Against The Two Separate Orders Of The Ld. Commissioner Of Income Tax, Kolkata-I, Kolkata (Hereinafter Referred To As “The Ld. Cit”) Passed U/S 250 Of The Income Tax Act, 1961 (Hereinafter Referred To As “The Act”) For Ays 2009-10 & 2013- 14, Dated 28.02.2018 & 13.03.2018 Respectively. Both The Appeals Were Heard Together & Are Being Disposed Of Vide This Common Order For The Sake Of Brevity & Convenience. Mcnally Sayaji Engineering Limited.: Ays: 2009-10 & 2013-14 2. The Grounds Of Appeal Raised By The Assessee Are Reproduced As Under:

capital gains as per Section 48 of the Income Tax Act, 1961. Initiation of penalty proceedings under section 271(1)(c) of the Act 7) For that, the Ld. CIT(A) has erred in treating the initiation of penalty proceedings under section 271(1)(c) of the Act as premature at this stage ignoring the fact that the Appellant

MCNALLY SAYAJI ENGINEERING LIMITED,KOLKATA vs. DCIT, CIRCLE - 1(1), KOLKATA, KOLKATA

In the result, both the appeals are dismissed

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2009-10 & Assessment Year: 2013-14 Mcnally Sayaji Engineering Deputy Commissioner Of Limited, Income Tax, Circle 1(1), Ecospace, Campus 2B, 11F/12 Aayakar Bhavan, P-7, (Old Plot No. Aa Ii/Blk 3), Chowringhee Square, Vs New Town, Rajarhat, Kolkata - 700069 North 24 Paragans, Kolkata - 7000156 (Pan: Aaccs5491A) (Appellant) (Respondent) Present For: Appellant By : Shri Abhishek Sureka, Ar Respondent By : Shri Rakesh Kumar Das, Cit, Dr Shri Vineet Kumar, Addl. Cit, Sr. Dr Date Of Hearing : 08.07.2024 Date Of Pronouncement : 03.10.2024 O R D E R Per Rakesh Mishra: These Two Appeals Filed By The Assessee Are Against The Two Separate Orders Of The Ld. Commissioner Of Income Tax, Kolkata-I, Kolkata (Hereinafter Referred To As “The Ld. Cit”) Passed U/S 250 Of The Income Tax Act, 1961 (Hereinafter Referred To As “The Act”) For Ays 2009-10 & 2013- 14, Dated 28.02.2018 & 13.03.2018 Respectively. Both The Appeals Were Heard Together & Are Being Disposed Of Vide This Common Order For The Sake Of Brevity & Convenience. Mcnally Sayaji Engineering Limited.: Ays: 2009-10 & 2013-14 2. The Grounds Of Appeal Raised By The Assessee Are Reproduced As Under:

capital gains as per Section 48 of the Income Tax Act, 1961. Initiation of penalty proceedings under section 271(1)(c) of the Act 7) For that, the Ld. CIT(A) has erred in treating the initiation of penalty proceedings under section 271(1)(c) of the Act as premature at this stage ignoring the fact that the Appellant

M/S ARROWSPACE TRADECOM PVT. LTD.,KOLKATA vs. ITO, WARD-10(2), KOLKATA

In the result, in light of the discussion made above, this appeal is dismissed

Bench: Sri Sanjay Garg & Sri Sanjay Awasthi

gain in any way by the said delay. I.T.A. No.: 344/KOL/2024 Assessment Year: 2016-17 M/s. Arrowspace Tradecom Pvt. Ltd. 1.1. Considering the contents of this application, the delay is condoned and this appeal is admitted for adjudication. The grounds of appeal are as under: “1. That the Impugned assessment order dated 14-10-2016 passed

TDK INDIA PRIVATE LTD. ,KOLKATA vs. DCIT, CPC-TDS, UTTAR-PRADESH

In the result, the appeal of the revenue is dismissed

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Blei.T.A. No. 393, 394, 395 & 396/Kol/2023 Assessment Year: 2019-20 Tdk India Private Limited Deputy Commissioner Of Income Kulia Kanchrapara Road Vs Tax - Cpc, Tds P.O. Netaji Subhas Sanatorium Kalyani Nadia - 741251 [Pan : Aaaci6950Q] अपीलाथ"/ (Assessee ) "" यथ"/ (Respondent)

short deduction of tax deducted at source was reported and accordingly demand was raised on the assessee along with interest under section 201(1A) of the Act for all the quarters stated hereinbelow:- Sl. PeriodFY Inti Intimatio Order Amount Interest in Total in Disputed N mati n Pass Demanded INR INR Amount in INR o. ons Reference Date in (Round

TDK INDIA PRIVATE LTD. ,KOLKATA vs. DCIT, CPC-TDS, UTTAR-PRADESH

In the result, the appeal of the revenue is dismissed

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Blei.T.A. No. 393, 394, 395 & 396/Kol/2023 Assessment Year: 2019-20 Tdk India Private Limited Deputy Commissioner Of Income Kulia Kanchrapara Road Vs Tax - Cpc, Tds P.O. Netaji Subhas Sanatorium Kalyani Nadia - 741251 [Pan : Aaaci6950Q] अपीलाथ"/ (Assessee ) "" यथ"/ (Respondent)

short deduction of tax deducted at source was reported and accordingly demand was raised on the assessee along with interest under section 201(1A) of the Act for all the quarters stated hereinbelow:- Sl. PeriodFY Inti Intimatio Order Amount Interest in Total in Disputed N mati n Pass Demanded INR INR Amount in INR o. ons Reference Date in (Round

TDK INDIA PRIVATE LTD. ,KOLKATA vs. DCIT, CPC-TDS, UTTAR-PRADESH

In the result, the appeal of the revenue is dismissed

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Blei.T.A. No. 393, 394, 395 & 396/Kol/2023 Assessment Year: 2019-20 Tdk India Private Limited Deputy Commissioner Of Income Kulia Kanchrapara Road Vs Tax - Cpc, Tds P.O. Netaji Subhas Sanatorium Kalyani Nadia - 741251 [Pan : Aaaci6950Q] अपीलाथ"/ (Assessee ) "" यथ"/ (Respondent)

short deduction of tax deducted at source was reported and accordingly demand was raised on the assessee along with interest under section 201(1A) of the Act for all the quarters stated hereinbelow:- Sl. PeriodFY Inti Intimatio Order Amount Interest in Total in Disputed N mati n Pass Demanded INR INR Amount in INR o. ons Reference Date in (Round

TDK INDIA PRIVATE LTD. ,KOLKATA vs. DCIT, CPC-TDS, UTTAR-PRADESH

In the result, the appeal of the revenue is dismissed

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Blei.T.A. No. 393, 394, 395 & 396/Kol/2023 Assessment Year: 2019-20 Tdk India Private Limited Deputy Commissioner Of Income Kulia Kanchrapara Road Vs Tax - Cpc, Tds P.O. Netaji Subhas Sanatorium Kalyani Nadia - 741251 [Pan : Aaaci6950Q] अपीलाथ"/ (Assessee ) "" यथ"/ (Respondent)

short deduction of tax deducted at source was reported and accordingly demand was raised on the assessee along with interest under section 201(1A) of the Act for all the quarters stated hereinbelow:- Sl. PeriodFY Inti Intimatio Order Amount Interest in Total in Disputed N mati n Pass Demanded INR INR Amount in INR o. ons Reference Date in (Round