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128 results for “section 68”+ Section 40A(2)(b)clear

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Key Topics

Section 143(3)86Addition to Income78Disallowance51Section 40A(3)48Section 6841Section 115J33Section 26331Section 25021Section 4019Section 148

DCIT, CIR-10(1), KOLKATA, KOLKATA vs. M/S. LUCKY GOLD STAR COMPANY LTD., KOLKATA

In the result, Revenue’s appeal is dismissed

ITA 1382/KOL/2016[2013-14]Status: DisposedITAT Kolkata20 Apr 2018AY 2013-14

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

Section 143(3)Section 2(24)(x)Section 36(1)(va)Section 37

B) of the Act. We, therefore, find that no substantial question of law is involved in this appeal and consequently, we dismiss this appeal.” As the issue is squarely covered in favour of assessee and against the Revenue by the jurisdictional High Court in the case of M/s Vijay Shree Limited (supra), hence, respectfully following the same, we dismissed Revenue

DCIT, CIR-10(1), KOLKATA, KOLKATA vs. M/S. LUCKY GOLD STAR COMPANY LTD., KOLKATA

In the result, Revenue’s appeal is dismissed

Showing 1–20 of 128 · Page 1 of 7

19
Deduction17
Condonation of Delay15
ITA 1381/KOL/2016[2012-13]Status: DisposedITAT Kolkata20 Apr 2018AY 2012-13

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

Section 143(3)Section 2(24)(x)Section 36(1)(va)Section 37

B) of the Act. We, therefore, find that no substantial question of law is involved in this appeal and consequently, we dismiss this appeal.” As the issue is squarely covered in favour of assessee and against the Revenue by the jurisdictional High Court in the case of M/s Vijay Shree Limited (supra), hence, respectfully following the same, we dismissed Revenue

M/S. VODAFONE ESSAR EAST LIMITED,KOLKATA vs. ACIT, CIRCLE - 7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 673/KOL/2011[2007-08]Status: DisposedITAT Kolkata15 Dec 2017AY 2007-08

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

DCIT, CIRCLE - 7, KOLKATA, KOLKATA vs. VODAFONE ESSAR EAST LIMITED, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 482/KOL/2010[2006-07]Status: DisposedITAT Kolkata15 Dec 2017AY 2006-07

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

ACIT, CIRCLE - 7, KOLKATA vs. HUTCHISON TELECOM EAST LIMITED, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 343/KOL/2009[2004-05]Status: DisposedITAT Kolkata15 Dec 2017AY 2004-05

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

ACIT, CIRCLE - 7, KOLKATA vs. VODAFONE ESSAR EAST LTD., KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 377/KOL/2009[2005-06]Status: DisposedITAT Kolkata15 Dec 2017AY 2005-06

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

M/S. VODAFONE ESSAR EAST LTD.,KOLKATA vs. JCIT, RANGE - 7, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 356/KOL/2009[2004-05]Status: DisposedITAT Kolkata15 Dec 2017AY 2004-05

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

M/S. VODAFONE ESSAR EAST LTD.,KOLKATA vs. ADDL. CIT, RANGE - 7, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 357/KOL/2009[2005-06]Status: DisposedITAT Kolkata15 Dec 2017AY 2005-06

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

M/S VODAFONE EAST LIMITED (FORMERLY KNOWN AS VODAFONE ESSAR EAST LIMITED),KOLKATA vs. ACIT, CIR-7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 431/KOL/2012[2008-2009]Status: DisposedITAT Kolkata15 Dec 2017AY 2008-2009

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

M/S. VODAFONE ESSAR EAST LIMITED,KOLKATA vs. ACIT, CIRCLE - 7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 485/KOL/2010[2006-07]Status: DisposedITAT Kolkata15 Dec 2017AY 2006-07

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

68[such book profit shall be deemed to be the total income of the assessee and the tax payable by the assessee on such total income shall be the amount of income-tax at the rate of seven and one-half per cent]. (2)------------ Explanation.—For the purposes of this section, “book profit” means the net profit as shown

ANJALI JEWELLERS PVT. LTD.,KOLKATA vs. CIT, KOLKATA-IV, KOLKATA, KOLKATA

In the result, assessee’s appeal stands allowed

ITA 2252/KOL/2014[2010-2011]Status: DisposedITAT Kolkata18 Mar 2016AY 2010-2011

Bench: Shri Mahavir Singh & Shri Waseem Ahmedassessment Year :2010-11

Section 143(3)Section 194CSection 263Section 40A(2)

40A(2)(b) and addition on suppression of profit in the hands of assessee is to be considered. e) Examine the loss of gold of 72.09 kg worth Rs.10,87,26,931.99 by calling for the details of evidences of different types of ornaments actually manufactured. Examination of the parties / Kariganrs is to be made their receipts including gold

D.C.I.T CIR - 3,KOLATA, KOLKATA vs. M/S MANTORA OIL PRODUCTS LTD, KOLKATA

In the result, assessee’s appeal stands allowed

ITA 2252/KOL/2013[2004-05]Status: DisposedITAT Kolkata18 Mar 2016AY 2004-05

Bench: Shri Mahavir Singh & Shri Waseem Ahmedassessment Year :2010-11

Section 143(3)Section 194CSection 263Section 40A(2)

40A(2)(b) and addition on suppression of profit in the hands of assessee is to be considered. e) Examine the loss of gold of 72.09 kg worth Rs.10,87,26,931.99 by calling for the details of evidences of different types of ornaments actually manufactured. Examination of the parties / Kariganrs is to be made their receipts including gold

ACIT, CIRCLE - 3, ASANSOL, ASANSOL vs. M/S. SANJAY TRANSPORT AGENCY, BURDWAN

In the result, the appeal of revenue is partly allowed

ITA 1627/KOL/2011[2008-09]Status: DisposedITAT Kolkata20 Nov 2015AY 2008-09

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

For Appellant: Shri Debasish Roy, JCITFor Respondent: Shri Sunil Kumar Sarana, FCA
Section 133(6)Section 143(3)Section 68

B. Ganguly St., 0 14,56,000 0 14,56,000 1st floor, Kol-700012 Corporation 3. Gem Traders P-41, Princep St., Kol- 0 32,68,754 0 32,68,754 700072 4. Kalimata Trading Salap, Kalitala, Howrah- 0 32,91,600 0 32,91,600 Complex 711409 5. Radhika Steel Kona, Benara Road

MANISH CHAND AGARWAL,KOLKATA vs. ACIT, CIR. 40, KOLKATA, KOLKATA

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

ITA 371/KOL/2017[2011-12]Status: DisposedITAT Kolkata15 Feb 2018AY 2011-12

Bench: Sri J. Sudhakar Reddy& Sri Aby T. Varkey] I.T.A. No. 371/Kol/2017 Assessment Year: 2011-12 & I.T.A. No. 372/Kol/2017 Assessment Year: 2012-13

Section 143(3)Section 250

40A(2)(a) runs as under:- 17 I.T.A. No. 371/Kol/2017 Assessment Year: 2011-12 & I.T.A. No. 372/Kol/2017 Assessment Year: 2012-13 Manish Chand Agarwal "(2)(a) Where the assessee incurs any expenditure in respect of which payment has been or is to be made to any person referred to in clause (b) of this sub-section, and the (Assessing

MANISH CHAND AGARWAL,KOLKATA vs. ACIT, CIR. 40, KOLKATA, KOLKATA

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

ITA 372/KOL/2017[2012-13]Status: DisposedITAT Kolkata15 Feb 2018AY 2012-13

Bench: Sri J. Sudhakar Reddy& Sri Aby T. Varkey] I.T.A. No. 371/Kol/2017 Assessment Year: 2011-12 & I.T.A. No. 372/Kol/2017 Assessment Year: 2012-13

Section 143(3)Section 250

40A(2)(a) runs as under:- 17 I.T.A. No. 371/Kol/2017 Assessment Year: 2011-12 & I.T.A. No. 372/Kol/2017 Assessment Year: 2012-13 Manish Chand Agarwal "(2)(a) Where the assessee incurs any expenditure in respect of which payment has been or is to be made to any person referred to in clause (b) of this sub-section, and the (Assessing

M/S MRINALINI BIRI MANUFACTURING CO.,KOLKATA vs. D.C.I.T.,CIRCLE-8(1), KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 85/KOL/2020[2012-13]Status: DisposedITAT Kolkata16 Sept 2020AY 2012-13

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.85/Kol/2020 ("नधा"रणवष" / Assessment Year:2012-13)

For Appellant: Shri A. K. Tulsiyan, FCAFor Respondent: Shri Dhrubajyoti Roy, JCIT
Section 143(3)Section 36(1)(v)Section 37(1)Section 40

68 which were reiterated and referred to in the decision of this Court in Vazir Sultan Tobacco Co. Ltd.'s case (supra). In these appeals, we are not concerned with the distinction between 'provision' and 'reserves'. We are concerned with the true meaning and purport of the expression 'provision made by the assessee'. This Court in Vazir Sultan Tobacco

ALISHAN STEELS PVT. LTD,KOLKATA vs. DCIT, CIRCLE-1(1), KOLKATA

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

ITA 999/KOL/2023[2011-12]Status: HeardITAT Kolkata01 Jan 2024AY 2011-12

Bench: Shri Sanjay Garg & Shri Girish Agrawal

For Appellant: Shri K. M. Roy, FCA & Shri B. K. Agarwal, FCAFor Respondent: Shri Kapil Mondal, Addl. CIT, DR
Section 115BSection 143(3)Section 147Section 148Section 14ASection 40A(2)(b)Section 68

40A(2)(b). 7. Ld. CIT(A)(NFAC) has erred in confirming of a sum of Rs.1,39,218/- under section 14A. 8. Ld. CIT(A)(NFAC) has erred in confirming addition of Rs.2,58,64,275/- of advances outstanding during previous financial year.” 4. In order to deal with the common ground in both the appeals, we take

ALISHAN STEELS (P)LTD,KOLKATA vs. DCIT, CIRCLE-1(1), KOLKATA

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

ITA 1001/KOL/2023[2015-16]Status: HeardITAT Kolkata01 Jan 2024AY 2015-16

Bench: Shri Sanjay Garg & Shri Girish Agrawal

For Appellant: Shri K. M. Roy, FCA & Shri B. K. Agarwal, FCAFor Respondent: Shri Kapil Mondal, Addl. CIT, DR
Section 115BSection 143(3)Section 147Section 148Section 14ASection 40A(2)(b)Section 68

40A(2)(b). 7. Ld. CIT(A)(NFAC) has erred in confirming of a sum of Rs.1,39,218/- under section 14A. 8. Ld. CIT(A)(NFAC) has erred in confirming addition of Rs.2,58,64,275/- of advances outstanding during previous financial year.” 4. In order to deal with the common ground in both the appeals, we take

M/S EXCEL ENGINEERS,KOLKATA vs. J.C.I.T (OSD) CIR - 51,KOLKATA., KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 1588/KOL/2013[2009-10]Status: DisposedITAT Kolkata25 Nov 2016AY 2009-10

Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]

For Appellant: Shri Subhas Agarwal, AdvocateFor Respondent: Shri Debnath Lahiri, JCIT
Section 143(3)Section 194CSection 40

68,49,395/-. Accordingly, the Ground No. 1 raised by the assessee is allowed. 3. The ld AR during the course of hearing stated that he is not pressing Ground No.2 raised by the assessee on the estimated disallowance of expenses. The same is reckoned as a statement from the Bar and accordingly the Ground No. 2 raised

SUBODH CHANDRA DAS,HOOGHLY vs. I.T.O.,WARD-23(3), HOOGHLY

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

ITA 2246/KOL/2019[2011-12]Status: DisposedITAT Kolkata04 Mar 2020AY 2011-12

Bench: Sri J. Sudhakar Reddy, Hon’Ble) Ita No. 2246 & 2247/Kol/2019 Assessment Years: 2011-12 & 2012-13

Section 147Section 148Section 250Section 68

68 of the Act, he submitted that these were advances received from various customers and the assessee has substantiated the received from various customers and the assessee has substantiated the received from various customers and the assessee has substantiated the same with evidences and hence the addition in question is bad in law. ame with evidences and hence the addition