DCIT, CENTRAL CIRCLE - 2(1), KOLKATA, KOLKATA vs. M/S. BHAVYA MERCHANDISE PVT. LTD., , KOLKATA

In the result, appeals by the revenue are dismissed and cross-objections by the assessee are allowed

270A and 271AAB as explained above while considering as to what material would constitute incriminating for the purposes of assessment of total income under section 153A/C. 20. The provisions of section 153A/153C are not the normal assessment provisions like 143(3); rather they are curative provisions to plug the mischief of evasion of taxable income based on evidences

TATA CONSUMER PRODUCTS LIMITED (SUCCESSOR OF TATA COFFEE LTD.),KOLKATA vs. A.C.I.T., CIRCLE - 4(1), KOLKATA

Appeal of the assessee is partly allowed

Bench: SHRI GEORGE MATHAN, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

68,668/-, which is erroneous and not as per law. 10.0 The Ld. AO has grossly erred in initiating penalty proceedings u/s 270A of the Act mechanically and without recording any satisfaction for its initiation. That the appellant craves leave to add, amend, modify, rescind, supplement or alter any of the grounds stated hereinabove either before or at the time

MECLEOD RUSSEL INDIA LTD.,KOLKATA vs. A.C.I.T., CIRCLE - 4(1), KOLKATA, KOLKATA

The appeals of the assessee are partly allowed

Bench: the due date of filing of return u/s 139(1) of the Act.

9 to 9.3, wherein it has been held that the membership of clubs is beneficial to the business of any person and hence the same deserves to be allowed. 7.1 The Ld. DR, on the other hand, stated that the Ld. AO has recorded a finding to the extent that the assessee did not submit the copies of bills/invoices pertaining

MCLEOD RUSSEL INDIA LIMITED,KOLKATA vs. A.C.I.T., CIRCLE-4(1), KOLKATA, KOLKATA

The appeals of the assessee are partly allowed

Bench: the due date of filing of return under Section 139(1) of the Act.

9 to 9.3, wherein it has been held that the membership of clubs is beneficial to the business of any person and hence the same deserves to be allowed. 7.1 The Ld. DR, on the other hand, stated that the Ld. AO has recorded a finding to the extent that the assessee did not submit the copies of bills/invoices pertaining

MONIKA MONDAL,KOLKATA vs. PCIT, ASANSOL

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawali.T.A. No. 198/Kol/2022 Assessment Year: 2017-2018

270A of Income Tax Act 1961, is initiated for under reporting of income in consequence of misreporting of income on the above issue”. 4. On perusal of the assessment order, ld. PCIT took cognizance under section 263 of the Income Tax Act. The copy of the show-cause notice /letter dated 01.02.2022 has been placed on pages