AJAY TRADING COMPANY,KOLKATA vs. ACIT, CENTRAL CIR. 3(2), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 147 of the Act. 8. After hearing the rival contentions and perusing the material on record including the reasons recorded by the AO u/s 148 of the Act and approval granted by the Ld. PCIT to such reopening , we observe that there are several mistakes/ infirmities /contradictions in the reasons recorded. For the sake of ready reference the reasons

ANJALI JEWELLERS,KOLKATA vs. PCIT, CENTRAL-1, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri P. M. Jagtap(Kz) & Shri A. T. Varkey]

147 /143(3) of the Act it had been held that the assessee had been able to show and establish the genuineness and capacity of the share applicants to make the investment. The Assessing Officer did not make any addition for the reasons recorded at the time of issue of notice under section 148 of the Act. This position

EMPORIS PROPERTIES PVT. LTD.,KOLKATA vs. PCIT-2, KOLKATA

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A No.299/Kol/2022 Assessment Year: 2014-15 Emporis Properties Pvt. Ltd..................................…..............................……Appellant 5Th Floor, 16A, Brabourne Road, Dalhousie, Kolkata-1. [Pan: Aadce0793Q] Vs. Pcit, Kolkata-2...................….…..…...................……........……...…..…..Respondent Appearances By: Shri S.K. Tulsiyan, Advocate & Mita Rizvi, Appeared On Behalf Of The Appellant. Shri Biswanath Das, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing :September 08, 2022 Date Of Pronouncing The Order :September 22, 2022 आदेश / Order संजय गग", "या"यकसद"य"वारा/ Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Revision Order Dated 26.03.2022 Of The Principal Commissioner Of Income Tax (Hereinafter Referred To As The ‘Pcit’) Passed U/S 263 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). The Assessee In This Appeal Has Taken The Following Grounds Of Appeal:

reassessment proceedings u/s 147 of the Act, the assessee had claimed before the Assessing Officer that the land, in question, was stock-in-trade and not being a capital asset, therefore, consideration/deemed consideration/market value on transfer of the said land was not assessable under the head ‘long-term capital gains’ and that the I.T.A No.299/Kol/2022 Assessment year: 2014-15 Emporis

SRI BIJAY SHANKAR HALWASIYA,KOLKATA vs. ITO, WARD - 44(4), KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri S.S.Godara, Jm & Hon’Ble Shri M.Balaganesh, Am] I.T.A No. 2353/Kol/2016 & I.T.A. No. 910/Kol/2018 Assessment Years : 2007-08 & 2009-10 Shri Bijay Shankar Halwasiya -Vs- Ito, Ward-44(4) , Kolkata [Pan: Aaqph 4752 A] (Appellant) (Respondent)

147 / 143(3) of the Income Tax Act, 1961 (in short “the Act”) dated 25.03.2015 and 30.03.2015 respectively for the Assessment Years 2007-08 and 2009-10 respectively. both the appeals are taken together and disposed off by this common order for the sake of convenience. A.Yrs. 2007-08 & 2009-10 ITA No. 2353/Kol/2016 – Asst Year

SRI BIJAY SHANKAR HALWASIYA,KOLKATA vs. ITO, WARD 44(4)/ KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri S.S.Godara, Jm & Hon’Ble Shri M.Balaganesh, Am] I.T.A No. 2353/Kol/2016 & I.T.A. No. 910/Kol/2018 Assessment Years : 2007-08 & 2009-10 Shri Bijay Shankar Halwasiya -Vs- Ito, Ward-44(4) , Kolkata [Pan: Aaqph 4752 A] (Appellant) (Respondent)

147 / 143(3) of the Income Tax Act, 1961 (in short “the Act”) dated 25.03.2015 and 30.03.2015 respectively for the Assessment Years 2007-08 and 2009-10 respectively. both the appeals are taken together and disposed off by this common order for the sake of convenience. A.Yrs. 2007-08 & 2009-10 ITA No. 2353/Kol/2016 – Asst Year

ABC INDIA LIMITED,KOLKATA vs. DCIT, CIRCLE 11(1),, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shripradip Kumar Choubey, Jm Abc India Limited Dcit, Circle 11(1) 40/8, Ballygunj, Circular Road, Aayakar Bhawan, Chowringhee Kolkata, West Bengal-700019 Square, Kolkata-700069 Vs. West Bengal (Appellant) (Respondent) Pan No. Aacca2035J Assessee By : Shri S.K. Pransukhka, Ar Revenue By : Shri Sanjib Kumar Paul, Dr Date Of Hearing: 16.02.2026 Date Of Pronouncement: 15.04.2026

u/s 2(47)(i) & (ii) of the Act. Since, the assessee company was a member of the cooperative society and possession was given for the exclusive enjoyment of the property and consideration was also received which transaction was covered in the provision of Section 2(47) (vi) of the Act. However, these offices were registered during the impugned assessment year

BANABIR DASGUPTA,KOLKATA vs. INCOME TAX OFFICER-WARD-50(4), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed as per the discussion made

Bench: Shri A.T.Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.2579/Kol/2013 ("नधा"रणवष" / Assessment Year:2003-04)

147 of the Income Tax Act, 1961 ( in short the Act) dated 30.12.2009. 2. However in this appeal, the assessee has raised a multiple grounds of appeal but at the time of hearing, the main grievance of the assessee has been confined to the Banabir Dasgupta Assessment Year:2003-04 issue of computation of long term capital gain