INCOME TAX OFFICER WARD-4(4), KOLKATA vs. M/S TEA PROPOTERS (INDIA) PVT. LTD., KOLKATA

In the result, Revenue’s appeal is dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

section 10B was not examined from the point of view whether the activity of the assessee company was that of manufacturing or producing of article or thing. In view of what is stated above I have reason to believe that by allowing deduction u/s. 10B of Rs.1,68

A.C.I.T CIR - 36,KOLKATA., KOLKATA vs. M/S SRI RAM COMMERCIAL CO, KOLKATA

In the result, Revenue’s appeal is dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

section 10B was not examined from the point of view whether the activity of the assessee company was that of manufacturing or producing of article or thing. In view of what is stated above I have reason to believe that by allowing deduction u/s. 10B of Rs.1,68

M/S TEA PROMOTERS (INDIA) PVT LTD,KOLKATA vs. D.C.I.T RG - 4,KOLKATA, KOLKATA

In the result, Revenue’s appeal is dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

section 10B was not examined from the point of view whether the activity of the assessee company was that of manufacturing or producing of article or thing. In view of what is stated above I have reason to believe that by allowing deduction u/s. 10B of Rs.1,68

M/S TEA PROMOTERS (INDIA) PVT. LTD.,KOLKATA vs. DCIT, CIRCLE - 4, KOLKATA, KOLKATA

In the result, Revenue’s appeal is dismissed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

section 10B was not examined from the point of view whether the activity of the assessee company was that of manufacturing or producing of article or thing. In view of what is stated above I have reason to believe that by allowing deduction u/s. 10B of Rs.1,68

M/S. LINDE GLOBAL SUPPORT SERVICES PRIVATE LIMITED,KOLKATA vs. DCIT, CIRCLE - 12(1), KOLKATA , KOLKATA

The appeal of the assessee is allowed to the extent indicated above

Bench: Shri A. T. Varkey, Jm & Dr. A.L. Saini, Am M/S Linde Global Support Services Vs. Dcit, Circle-12(1), Kolkata Private Limited, Kolkata 2Nd Floor, ‘Oxygen House’, P-43, Taratala Road, Kolkata – 700088. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccb8581A (अपीलाथ" /Assessee) (""यथ" / Respondent) ..

section 144C of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). 2. Your petitioner states that during the proceedings before the Dispute Resolution Panel (hereinafter referred to as the "DRP"), it had contended that the adjustment of working capital of the tested party and the comparables should be made in the computation of the margins

DCIT, CIRCLE-7, KOLKATA, KOLKATA vs. M/S. WORLD WIDE SAFETY (P) LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri M. Balaganesh & Shri S.S. Viswanethra Ravi

section 10B as per the Form 56F submitted along with the Tax Audit Report. Total export turnover as declared by the assessee-company was Rs.26,68

M/S. TCG LIFESCIENCES PRIVATE LIMITED.(FORMERLY KNOWN AS TCG LIFESCIENCES LTD.,),KOLKATA vs. ACIT, CIRCLE-11(2), KOLKATA, KOLKATA

In the result, appeal of assessee is allowed

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

68,059/-. In terms of provisions of clause 2 to sec 10b this section applies to a undertaking only

NLC NALCO INDIA LTD.,KOLKATA vs. ACIT, CIRCLE - 11, KOLKATA, KOLKATA

In the result, the appeal of assessee in ITA No

Bench: Shri Mahavir Singh, Jm& Shri Waseem Ahmed, Am]

68,90,427/- was written off through provision account and an amount of Rs.36,34,283/- was directly written off in the Profit and Loss Account for the relevant previous year relevant to this assessment year. It is a fact that assessee is engaged in the manufacture of various types of chemicals which are used inter alia in steel, paper

N L C NALCO INDIA LTD PREVIOUSLY KNOWN AS ONDEO NALCO INDIA LTD.,KOLKATA vs. ACIT, CIR - 11, KOLKATA, KOLKATA

In the result, the appeal of assessee in ITA No

Bench: Shri Mahavir Singh, Jm& Shri Waseem Ahmed, Am]

68,90,427/- was written off through provision account and an amount of Rs.36,34,283/- was directly written off in the Profit and Loss Account for the relevant previous year relevant to this assessment year. It is a fact that assessee is engaged in the manufacture of various types of chemicals which are used inter alia in steel, paper

DCIT, CIRCLE - 1, KOLKATA, KOLKATA vs. M/S. GLOSTER JUTE MILLS LIMITED, KOLKATA

In the result, appeal by the Revenue is dismissed

Bench: Hon’Ble Sri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am] I.T.A No.95/Kol/2011 Assessment Year : 2007-08

10B have to be regarded as deduction provision, the provisions of section 70 to 72 of the Act will be applicable. In view of the above we uphold the order of CIT(A) on this issue and dismiss ground no.2 raised by the revenue. 24. Ground No.3 raised by the revenue reads as follows :- “3. That on the facts

MADHU JAYANTI INTERNATIONAL LIMITED,KOLKATA vs. DCIT, CIRCLE - 4(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 214/Kol/2016 Assessment Year : 2011-12 Madhu Jayanti International Ltd. -Vs- Dcit, Cc-4(1), Kolkata [Pan: Aabcm 7502 R] (Appellant) (Respondent)

10B, 10C, 10D, 10E for computing its income having regard re arm's length price, and maintaining necessary information and documentation for determination of arm's length price. This was done as per procedures outlined and in good faith to comply with all the provisions of law and to 12 13 Madhu Jayanti International Ltd. A.Yr.2011-12 provide

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 32 KOLKATA, KOLKATA vs. BONGAON CO OPERATIVE CREDIT SOCIETY LIMITED, BONGAON WEST BENGAL

In the result, the appeal of the revenue is dismissed

Bench: the Assessing Officer and hence it was rightly treated as Unexplained Cash Credit.

10B Middleton Row, 2nd Floor, Kolkata - 700071 .....................…...……………....Appellant vs. Bongaon Co Operative Credit Society Limited, Bongaon, 1st Floor, Banerjee Market Jessor Road Bongaon S.O. North 24 Parganas - 743235 [PAN: AAAAB6325N] ..........…..….................... Respondent Appearances by: Assessee represented by : Dr. Somnath Ghosh, AR Department represented by : Akhil Kumar, Sr. DR Date of concluding the hearing : 11.11.2024 Date of pronouncing the order : 18.11.2024 ORDER

PUJA KHANDELWAL,KOLKATA vs. I.T.O.,WARD-31(1), KOLKATA

In the result, the appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri P.M. Jagtap, Vice-

10B, Middleton Row, Kolkata-700071 Appearances by: Shri P.N. Khandelwal, FCA, for the Appellant Shri Jayanta Khanra, JCIT, Sr. D.R., for the Respondent Date of concluding the hearing : February 20, 2020 Date of pronouncing the order : March 20, 2020 O R D E R This appeal filed by the assessee is directed against the order of ld. Commissioner of Income

MANOJ KUMAR KHANDELWAL,KOLKATA vs. I.T.O.,WARD-31(1), KOLKATA

In the result, the appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri P.M. Jagtap, Vice-

10B, Middleton Row, Kolkata-700071 Appearances by: Shri P.N. Khandelwal, FCA, for the Appellant Shri Jayanta Khanra, JCIT, Sr. D.R., for the Respondent Date of concluding the hearing : February 20, 2020 Date of pronouncing the order : March 20, 2020 O R D E R This appeal filed by the assessee is directed against the order of ld. Commissioner of Income

AT & S INDIA PVT. LTD.,KARNATAKA vs. DCIT, CIR-11(1), KOLKATA, KOLKATA

In the result, assessee’s appeal stands allowed

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Years:2011-12

section 143(2) of the Act was issued and served upon the assessee. The assessee during the year had international transactions with its Associated Enterprises (AE for short) for supplying the PCB manufactured by it. The Assessing Officer after having the approval from the CIT made reference to the Transfer Pricing Officer (TPO for short

ACIT, CIRCLE-33, KOLKATA, KOLKATA vs. M/S. G. D. CONSTRUCTION & CO., KOLKATA

In the result, Revenue’s appeal stands dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year :2010-11

10B, Middleton Row, P.O & Vill. Dhaltitha, 3rd Floor,Kolkata-71 Basirhat, Dist. North 24 Pgns. West Bengal [PAN No.ADSPD 8693 D] .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Sallong Yaden, Addl. CIT-DR अपीलाथ" क" ओर से/By Appellant Shri D.S. Damle, FCA ""यथ" क" ओर से/By Respondent 12-10-2017 सुनवाई क" तार"ख/Date of Hearing

PRIYANKA TIKMANI,KOLKATA vs. INCOME TAX OFFICER, WARD-33(1), KOLKATA, KOLKATA

In the result, appeal filed by assessee stands allowed

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmedassessment Year :2005-06 Priyanka Tikmani V/S. Income Tax Officer, 2Nd Floor, 10, Lord Ward-33(1),10B, Sinha Road, Kolkat-71 Middleton Row, Kolkata [Pan No.Acxpj 1732B] .. अपीलाथ" /Appellant ""यथ"/Respondent Shri D.P. Baid, Fca अपीलाथ" क" ओर से/By Appellant Shri S. Dasgupta, Addl. Cit-Dr ""यथ" क" ओर से/By Respondent 24-01-2018 सुनवाई क" तार"ख/Date Of Hearing 04-04-2018 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per Waseem Ahmed:- This Appeal By The Assessee Is Directed Against The Order Of Commissioner Of Income Tax (Appeals)-Xix, Kolkata Dated 05.01.2013. Assessment Was Framed By Ito Ward-33(1), Kolkata U/S 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) Vide His Order Dated 29.08.2007 For Assessment Year 2005-06. The Assessee Has Raised The Following Grounds:- “1. That On The Facts & In The Circumstances Of The Case, The Ld. Assessing Officer Erred In Law As Well S On Fact & Was Not Justified In Adding The Entire Gifts Of Rs.20,00,000/- As Cash Credit U/S. 69 Of The It Act On The Alleged Ground As Your Appellant Had Produced All Documentary Evidences As To The Genuineness, Creditworthiness & Proper Identity Of Each Of The Various Donors Before The Ld. Ao During The Course Of Assessment Proceeding. Similarly The Ld. Cit(A)-Xix, Kol Also Was Not Justified To Uphold/Sustain The Said Arbitrary Illogical & Or Unjustified Addition Made By The Ld. Ao. 2. That The Ld. Ao As Well As The Ld. Cit(A)-Xix, Kol Were Not Justified In Not Giving Due Cognizance To The Fact Of The Case As Well As The Evidences Produced Before Them. The Ld. Cit(A)-Xx, Kol Was Also Not

10B, Sinha Road, Kolkat-71 Middleton Row, Kolkata [PAN No.ACXPJ 1732B] .. अपीलाथ" /Appellant ""यथ"/Respondent Shri D.P. Baid, FCA अपीलाथ" क" ओर से/By Appellant Shri S. Dasgupta, Addl. CIT-DR ""यथ" क" ओर से/By Respondent 24-01-2018 सुनवाई क" तार"ख/Date of Hearing 04-04-2018 घोषणा क" तार"ख/Date of Pronouncement आदेश

DCIT, CIRCLE-33, KOLKATA, KOLKATA vs. M/S. INDIA DOCKING & ENGINEERING CO., KOLKATA

In the result, the appeal of the Revenue is dismissed

10B, Engineering Co., Middleton Row, 3rd Floor, C/o. K.J. Shah & Co., Kalyan Kolkata - 700071 Bhawan, 2, Elgin Road, Kolkata - 700020 PAN No. AAAFI7900B (APPELLANT) (RESPONDENT) Revenue by : Shri Sourabh Kumar, Addl. CIT Assessee by : Shri Miraj D. Shah, Advocate Date of Hearing : 18.04.2017 Date of Pronouncement : 30-06-2017 ORDER Shri S.S. Viswanethra Ravi, JM This appeal by the revenue