M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

M/S SALARPURIA PROPERTIES PVT LTD.,KOLKATA vs. D.C.I.T.,CC-3(2), KOLKATA

In the result, appeals of the assessee as well as of the revenue are dismissed and cross objection of the assessee is allowed

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2005-06 Salarpuria Properties Pvt. Deputy Commissioner Of Ltd., C/O, M/S. Salarpuria Income-Tax, Circle- 1, Jajodia & Co., 3Rd Floor, 7, Vs. Kolkata. Chittaranjan Avenue, Kolkata-700072. (Pan: Aagcs8492P) (Appellant) (Respondent) & Assessment Year: 2005-06 Deputy Commissioner Of Salarpuria Properties Pvt. Vs. Income-Tax, Central Circle- Ltd., 3(2), Kolkata. (Appellant) (Respondent) & C.O. No.3/Kol/2023 In Ita No.736/Kol/2022 Assessment Year: 2005-06 Salarpuria Properties Pvt. Deputy Commissioner Of Vs. Ltd., Income-Tax, Central Circle- 3(2), Kolkata. (Cross Objector) (Respondent)

reassessment proceeding has been seized during the course of search operation in the case of Shri P. Dayanand Pai and, therefore, the provisions of section 292C

D.C.I.T., CC - 3(2), KOLKATA, KOLKATA vs. M/S. SALARPURIA PROPERTIES PVT. LTD., KOLKATA

In the result, appeals of the assessee as well as of the revenue are dismissed and cross objection of the assessee is allowed

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2005-06 Salarpuria Properties Pvt. Deputy Commissioner Of Ltd., C/O, M/S. Salarpuria Income-Tax, Circle- 1, Jajodia & Co., 3Rd Floor, 7, Vs. Kolkata. Chittaranjan Avenue, Kolkata-700072. (Pan: Aagcs8492P) (Appellant) (Respondent) & Assessment Year: 2005-06 Deputy Commissioner Of Salarpuria Properties Pvt. Vs. Income-Tax, Central Circle- Ltd., 3(2), Kolkata. (Appellant) (Respondent) & C.O. No.3/Kol/2023 In Ita No.736/Kol/2022 Assessment Year: 2005-06 Salarpuria Properties Pvt. Deputy Commissioner Of Vs. Ltd., Income-Tax, Central Circle- 3(2), Kolkata. (Cross Objector) (Respondent)

reassessment proceeding has been seized during the course of search operation in the case of Shri P. Dayanand Pai and, therefore, the provisions of section 292C

M/S. SHAKAMBHARI ISPAT & POWER LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

DCIT, CENTRAL CIRCLE- 4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

Section 292C of the\nAct, the presumption is to be drawn in respect of WhatsApp\ntransactions in the hands of the person from whose possession or\ncontrol the books of accounts/ documents, etc. are found. Even the\npresumption u/s 292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED , PATNA

The appeal of the Revenue is dismissed

Section 292C of the\nAct, the presumption is to be drawn in respect of WhatsApp\ntransactions in the hands of the person from whose possession or\ncontrol the books of accounts/ documents, etc. are found. Even the\npresumption u/s 292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

Section 292C of the\nAct, the presumption is to be drawn in respect of WhatsApp\ntransactions in the hands of the person from whose possession or\ncontrol the books of accounts/ documents, etc. are found. Even the\npresumption u/s 292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

Section 292C of the\nAct, the presumption is to be drawn in respect of WhatsApp\ntransactions in the hands of the person from whose possession or\ncontrol the books of accounts/ documents, etc. are found. Even the\npresumption u/s 292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect

D.C.I.T., CC - 3(1),, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

M/S. SHAKAMBHARI ISPAT & POWER LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3.1, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3(1),, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\n4. Facts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), KOLKATA

Appeals of the assessee are partly allowed and\nappeals of the revenue are dismissed

reassessment u/s.147 of the Act based on\ninvalid notice issued by the AO u/s.148 of the Act dated 06.09.2022\nFacts in brief are that the assessee company filed its return of\nincome u/s 139(1) of the Act for the assessment year under consideration\non 31.10.2019 declaring total income of Rs.17,25,39,330/- under normal\nprovision

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

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

Section 292C of the Act, the presumption is to be drawn in respect of WhatsApp transactions in the hands of the person from whose possession or control the books of accounts/ documents, etc. are found. Even the presumption u/s 292C of the Act is rebuttable when the assessee proved that he has not done any such transactions even in respect

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED, KOLKATA

The appeal of the Revenue is dismissed

Section 292C of the\nAct, the presumption is to be drawn in respect of WhatsApp\ntransactions in the hands of the person from whose possession or\ncontrol the books of accounts/ documents, etc. are found. Even the\npresumption u/s 292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect