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6 results for “reassessment”+ Section 40A(2)(b)clear

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Key Topics

Section 14818Section 14711Section 148A8Section 2507Section 143(3)4Addition to Income4Section 143(2)3Section 36(1)(va)3Section 197(1)3Reassessment

M/S. JAGMAG MERCANTILES PRIVATE LIMITED,KOLKATA vs. ITO, WARD 12(1), , KOLKATA

In the result, the both the appeals of the assessee are allowed

ITA 709/KOL/2025[2014-15]Status: DisposedITAT Kolkata14 Jan 2026AY 2014-15

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

For Appellant: Shri Abhishek Bansal, ARFor Respondent: Shri Prabhakar Prakash Ranjan
Section 143(2)Section 143(3)Section 147Section 148Section 148ASection 68

b) of the IT Act. Under these circumstances, in the light of the judgment of this Court in Begur's case and the judgment of the Bombay High Court in Mukesh's case supra, I am of the considered opinion that the impugned notice at Annexure - A and also consequential proceedings, orders, notices, etc., deserves to be quashed by reserving

3
Disallowance2

M/S. JAGMAG MERCANTILES PRIVATE LIMITED.,KOLKATA vs. ITO, WARD 12(1), , KOLKATA

In the result, the both the appeals of the assessee are allowed

ITA 708/KOL/2025[2013-14]Status: DisposedITAT Kolkata14 Jan 2026AY 2013-14

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

For Appellant: Shri Abhishek Bansal, ARFor Respondent: Shri Prabhakar Prakash Ranjan
Section 143(2)Section 143(3)Section 147Section 148Section 148ASection 68

b) of the IT Act. Under these circumstances, in the light of the judgment of this Court in Begur's case and the judgment of the Bombay High Court in Mukesh's case supra, I am of the considered opinion that the impugned notice at Annexure - A and also consequential proceedings, orders, notices, etc., deserves to be quashed by reserving

SAMIRUDDIN KHAN,BURDWAN vs. ITO, WARD 1(2), , BURDWAN

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

ITA 1169/KOL/2025[2017-2018]Status: DisposedITAT Kolkata10 Sept 2025AY 2017-2018

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

Section 143Section 143(3)Section 250

B Hazra Road, Jailkhana More, and Burdwan-713101 do hereby solemnly affirm and declare as follows: I.T.A. No.: 1169/KOL/2025 Assessment Year: 2017-18 Samiruddin Khan. 1. That I am an Assessee of Income Tax, identified by PAN AHZPK2409B and have filed revised return of income electronically on 01.11.2017 declaring total income at ₹ 2,93,420. The case was subsequently selected

RAJA UDYOG (P) LTD.,24-PARGANAS (N) vs. ACIT, CC-4(3), KOL, KOLKATA

In the result, I.T.(SS)A. No

ITA 944/KOL/2024[2017-18]Status: DisposedITAT Kolkata30 Jul 2024AY 2017-18

Bench: Shri Sanjay Garg & Shri Sanjay Awasthii.T.A. No.944/Kol/2024 Assessment Years: 2017-18 Raja Udyog (P) Ltd…..…………….....……………………....………....Appellant Sukchar Girja, 16F, Barrackpore Trunk Road, 24 Parganas (N), W.B – 700115. [Pan: Aaccr0764P] Vs. Acit, Cc-4(3), Kolkata…...................................................…..…..... Respondent I.T.(Ss)A. No.43/Kol/2024 Assessment Year: 2017-18 Raja Udyog (P) Ltd…..…………….....……………………....………....Appellant Sukchar Girja, 16F, Barrackpore Trunk Road, 24 Parganas (N), W.B – 700115. [Pan: Aaccr0764P] Vs. Acit, Cc-4(3), Kolkata…...................................................…..…..... Respondent I.T.(Ss)A. No.44/Kol/2024 Assessment Year: 2018-19 Raja Udyog (P) Ltd…..…………….....……………………....………....Appellant Sukchar Girja, 16F, Barrackpore Trunk Road, 24 Parganas (N), W.B – 700115. [Pan: Aaccr0764P] Vs. Acit, Cc-4(3), Kolkata…...................................................…..…..... Respondent Appearances By: Shri Rajeeva Kumar, Advocate, Appeared On Behalf Of The Appellant. Shri Rakesh Kr. Das, Cit- Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : July 29, 2024 Date Of Pronouncing The Order : July 30, 2024

Section 143(3)Section 250Section 36(1)(va)Section 40A(7)Section 43B

40A(7) and again the said amount was disallowed u/s 43B(b) in the column 26(2) of the TAR. Thus, the amount was incorrectly taken twice in the Tax Audit Report which resulted in erroneous addition. The addition is, therefore, unjustified and need to be deleted. 2. That under the facts and in the circumstances of the case

RISING RETAILS(P)LTD,KOLKATA vs. ITO,WARD-4(1), KOLKATA

In the result, appeal of the assessee is dismissed

ITA 1005/KOL/2023[2011-12]Status: DisposedITAT Kolkata31 Jan 2024AY 2011-12

Bench: Shri Sonjoy Sarma & Shri Girish Agrawalassessment Year: 2011-12

For Appellant: N o n eFor Respondent: Shri S. Datta, CIT, DR
Section 142(1)Section 143(2)Section 144Section 147Section 148Section 194CSection 197(1)Section 250Section 40a

B, 3rd Floor, Kolkata-700001. (PAN:AAECR3681F) (Appellant) (Respondent) Present for: Appellant by : N o n e Respondent by : Shri S. Datta, CIT, DR Date of Hearing : 25.01.2024 Date of Pronouncement : 31.01.2024 O R D E R PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: This appeal filed by the assessee is against the order of Ld. CIT(A), National Faceless Appeal Centre

M/S. DELIGHTED HOLDINGS (P) LTD. ,KOLKATA vs. DCIR, CIR-8(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 624/KOL/2023[2011-12]Status: DisposedITAT Kolkata08 Jan 2024AY 2011-12

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 143(1)Section 147Section 148

reassessment proceedings as well as consequent order. Ground no. 1 raised by the assessee is allowed on legal issue. 9. Even on merit the appeal of the assessee has very strong case in its favour. The assessee has received money from these three parties for sale of equity shares of private limited companies which were purchased in the earlier assessment