MOHAMMED GYASUDDIN,KOLKATA vs. ACIT, CIR.-30, KOLKATA

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

Bench: Sri Sanjay Garg & Sri Sanjay Awasthi

271E read with Section 274 of the Act.” Page 3 of 15 I.T.A. No.: 570/KOL/2020 Assessment Year: 2011-12 Mohammed Gyasuddin. 3.2. With this finding he set aside to the AO for detailed verification of cash transaction to the tune of Rs. 5,21,17,075/-. 3.3. It needs to be mentioned that the present proceedings are second round proceedings

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

271E is concerned, it was without any satisfaction and, therefore, no such penalty could be levied. These appeals are, accordingly, dismissed. 8.3.1. We also place reliance on the co-ordinate bench decision of this tribunal in the case of Suvaprasanna Bhattacharya vs ACIT in ITA No. 1303/Kol/2010 for Asst Year 2006-07 dated 6.11.2015, which in turn placed reliance

MOHAMMED GYASUDDIN,KOLKATA vs. ACIT, CIR.-30, KOLKATA

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

Bench: Sri Sanjay Garg & Sri Sanjay Awasthi

271E r.w.s 274 of the Act. ……………………………………………………………………………………………... ……………………………………………………………………………………………... 19. However, as stated in various paras supra, the assessee has been indulging in cash transactions to the tune of Rs. 1,56,50,000/- during the FY 2011-12 relevant to AY 2012-13. Though the AO has given a set off of Rs.8,50,944/- wrongly without any basis, the assessee

DCIT, CENTRAL CIRCLE-1(4), KOLKATA, KOLKATA vs. MURLIDHAR RATANLAL EXPORTS LTD., KOLKATA

In the result, the appeals of the Revenue are dismissed and the\nCOs of the assessee are partly allowed

reassessment\nproceedings issued notice u/s 143(2) and 142(1) of the Act along with\nquestionnaire which were duly replied by the assessee by filing the\nnecessary evidences in respect of loans raised during the year by the\nassessee. The Id. AO thereafter in para no.6.1 up to 6.7 discussed the\nloans raised by the assessee from various parties

DCIT CENTRAL CIRCLE 1 4 KOLKATA, KOLKATA vs. MURLIDHAR RATANLAL EXPORTS LIMITED, KOLKATA

In the result, the appeals of the Revenue are dismissed and the COs of the assessee are partly allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

reassessment proceedings issued notice u/s 143(2) and 142(1) of the Act along with ITA Nos. 2178, 2179, 2187, 2245, 2196/KOL/2024 Murlidhar Ratanlal Exports Limited; AYs: 2013-14 to 2016-17, 2018-19 questionnaire which were duly replied by the assessee by filing the necessary evidences in respect of loans raised during the year by the assessee

DCIT, CENTRAL CIRCLE-1(4), KOLKATA, KOLKATA vs. MURLIDHAR RATANLAL EXPORTS LIMITED, KOLKATA

In the result, the appeals of the Revenue are dismissed and the COs of the assessee are partly allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

reassessment proceedings issued notice u/s 143(2) and 142(1) of the Act along with ITA Nos. 2178, 2179, 2187, 2245, 2196/KOL/2024 Murlidhar Ratanlal Exports Limited; AYs: 2013-14 to 2016-17, 2018-19 questionnaire which were duly replied by the assessee by filing the necessary evidences in respect of loans raised during the year by the assessee

DCIT, CENTRAL CIRCLE-1(4), KOLKATA, KOLKATA vs. MURLIDHAR RATANLAL EXPORTS LIMITED, KOLKATA

In the result, the appeals of the Revenue are dismissed and the COs of the assessee are partly allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

reassessment proceedings issued notice u/s 143(2) and 142(1) of the Act along with ITA Nos. 2178, 2179, 2187, 2245, 2196/KOL/2024 Murlidhar Ratanlal Exports Limited; AYs: 2013-14 to 2016-17, 2018-19 questionnaire which were duly replied by the assessee by filing the necessary evidences in respect of loans raised during the year by the assessee

DCIT, CENTRAL CIRCLE-1(4), KOLKATA, KOLKATA vs. MURLIDHAR RATANLAL EXPORTS LIMITED, KOLKATA

In the result, the appeals of the Revenue are dismissed and the COs of the assessee are partly allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

reassessment proceedings issued notice u/s 143(2) and 142(1) of the Act along with ITA Nos. 2178, 2179, 2187, 2245, 2196/KOL/2024 Murlidhar Ratanlal Exports Limited; AYs: 2013-14 to 2016-17, 2018-19 questionnaire which were duly replied by the assessee by filing the necessary evidences in respect of loans raised during the year by the assessee