HEM LATA JHUNJHUNWALA,KOLKATA vs. ACIT, CIR-11(2), KOLKATA. , KOLKATA

In the result, grounds taken by the assessee in this respect for AY 2011-12 are allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawal

section 148 of the Act. 7.3. Further, in the assessment order, Ld. AO has mentioned that from the website of NMCE, the broker Sahil was expelled from the membership of the Exchange on account of fraudulent contract notes in support of which screen shots had been annexed to the impugned assessment order. However, the information from the website of NMCE

HEM LATA JHUNJHUNWALA ,KOLKATA vs. ACIT,CIR-11(2), KOLKATA. , KOLKATA

In the result, grounds taken by the assessee in this respect for AY 2011-12 are allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawal

section 148 of the Act. 7.3. Further, in the assessment order, Ld. AO has mentioned that from the website of NMCE, the broker Sahil was expelled from the membership of the Exchange on account of fraudulent contract notes in support of which screen shots had been annexed to the impugned assessment order. However, the information from the website of NMCE

ITO, WARD-6(1), KOLKATA vs. M/S DANIEL COMMODITIES PVT. LTD., KOLKATA

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A. No.645/Kol/2020 Assessment Year: 2009-10 Ito, Ward-6(1), Kolkata………..…….......................…...……………....Appellant Vs. M/S Daniel Commodities Pvt. Ltd…..........…..........................…..…..... Respondent 6, Lyons Range, Kolkata – 1. [Pan: Aaccd9344F] C.O. 4/Kol/2023 (A/O I.T.A. No.645/Kol/2020) Assessment Year: 2009-10 M/S Daniel Commodities Pvt. Ltd…………….....................…..…..... Cross-Objector 6, Lyons Range, Kolkata – 1. [Pan: Aaccd9344F] Vs Ito, Ward-6(1), Kolkata …………….......................…...……………....Respondent Appearances By: Shri Abhijit Kundu, Cit-Dr, Advocate, Appeared On Behalf Of The Department. Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Assessee. Date Of Concluding The Hearing : February 23, 2024 Date Of Pronouncing The Order : May 07, 2024

section 148 was issued. Validity of I.T.A. No.645/Kol/2020 & C.O. 4/Kol/2023 Assessment Year: 2009-10 M/s Daniel Commodities Pvt. Ltd reopening was not challenged upto Tribunal and additions were challenged on merits only. The Tribunal restored the matter to the Assessing Officer with some directions to reexamine the issue on merits. When the matter came back to the assessing officer

LAXMIDHAN TRADELINK PVT. LTD.,KOLKATA vs. ITO, WARD-2(2), KOLKATA

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

reassessment proceedings. Further, it was submitted that the Ld. AO had simply relied on the third parties enquiry and statement and the information received from DDIT(Inv)-II, Jodhpur to form a belief that the assessee I.T.A. No.: 1428/KOL/2023 Assessment Year: 2011 -12 Laxmidhan Tradelink Pvt. Ltd. raised bogus share capital and that the income of the assessee had escaped