TERAI FRUITS COMPANY,SILIGURI vs. INCOME TAX OFFICER, WARD-1(1), SILIGURI, SILIGURI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Sri Pradip Kumar Choubey & Sri Rakesh Mishra

reassessment, referred to in clause (a) of sub-section (1), in a case where an order under sub-section (4) has been made accepting the application.” 4.1. Since the required Form No. 68 was not filed before the Ld. AO, the Ld. CIT(A) confirmed the penalty imposed by the Ld. AO. However, the Ld. CIT(A) has not appreciated

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA, KOLKATA vs. M/S. BHAVYA MERCHANDISE PVT. LTD., , KOLKATA

In the result, appeals by the revenue are dismissed and cross-objections by the assessee are allowed

270A and 271AAB as explained above while considering as to what material would constitute incriminating for the purposes of assessment of total income under section 153A/C. 20. The provisions of section 153A/153C are not the normal assessment provisions like 143(3); rather they are curative provisions to plug the mischief of evasion of taxable income based on evidences found

DEPUTY COMMISSIONER OF INCOME TAX, CIR-3(2), GANGTOK, GANGTOK SIKKIM vs. SIKKIM STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LIMITED, GANGTOK SIKKIM

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

270A is also imposable on account of under reporting of income in consequence of mis-reporting of income once it is determined that the claim of deduction u/s. 80(P)(2)(d) of the Income Tax Act, 1961 is wrong.” 6. The Ld. AR has also filed the written submissions as under: “The basic issue is whether the interest received

THE DCIT, CIR-3(2) GANGTOK, GANGTOK SIKKIM vs. SIKKIM STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LIMITED , GANGTOK SIKKIM

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

270A is also imposable on account of under reporting of income in consequence of mis-reporting of income once it is determined that the claim of deduction u/s. 80(P)(2)(d) of the Income Tax Act, 1961 is wrong.” 6. The Ld. AR has also filed the written submissions as under: “The basic issue is whether the interest received

VERTEX DEVELOPERS,KOLKATA vs. ITO, WARD-40(1), KOLKATA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 1974/Kol/2024 Assessment Year: 2017-2018 Vertex Developers,……………………..…………Appellant Bd-150, Samarpally, Kestopur, Kolkata-700101 [Pan:Aajfv8233F] -Vs.- Income Tax Officer,……………………………...Respondent Ward-40(1), Kolkata,/ Asst. Unit, Nfac, Office Of The Ito, Kolkata, 3, Government Place West, Kolkata-700001

270A & 272A(l)(d) of the Act. The appellant assessee ca ne to aware with all such notices & proceedings when the Show Cause 2 Vertex Developers Notice of penalty proceeding manually served upon him on 02- 08-2023 through the Notice Server of the Department. The appellant assessee failed to comply with the series of notices issued by NFAC during