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2 results for “section 68”+ Section 44Aclear

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Key Topics

Section 143(3)3Section 44A2Section 1472

RAMAN KUMAR MALHOTRA,KOLKATA vs. ITO, WARD-36(1), KOLKATA, KOLKATA

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

ITA 1609/KOL/2014[2007-2008]Status: DisposedITAT Kolkata21 Oct 2016AY 2007-2008

Bench: Shri P.M. Jagtap

Section 143(3)Section 147Section 41(1)

44A of the Act. The estimate of business income of the assessee as made by the Assessing Officer thus is well founded and even the ld. counsel for the assessee has not been able to dispute this position. He, however, has contended that once the books of account of the assessee are rejected and the income of the assessee

NAT WEST MARKETS PLC- INDIA BRANCH ,KOLKATA vs. ACIT(I.T)-1(2), KOLKATA. , KOLKATA

In the result, the appeal of the assessee is allowed

ITA 1364/KOL/2023[2021-22]Status: Disposed
ITAT Kolkata
31 Jan 2024
AY 2021-22

Bench: Shri Rajesh Kumar, Am & Shri Sonjoy Sarma, Jm Nat West Markets Plc-India Acit (I.T)-1(2), Kolkata Branch Aaykar Bhavan Poorva, 2 Nd 907, Regus, 9Thfloor, Floor, Psarcadia,4A, Abandindra Nath Vs. 110, Shanti Pally, Thakur Sarani, Kolkata-700016, Kolkata-700107, West Bengal West Bengal (Appellant) (Respondent) Pan No. Aacct8020E Assessee By : Shri Percy Pardiwala, Ar Revenue By : Shri Gaurav Kanujia, Dr Date Of Hearing: 15.01.2025 Date Of Pronouncement : 31.01.2025

For Appellant: Shri Percy Pardiwala, ARFor Respondent: Shri Gaurav Kanujia, DR
Section 143(3)Section 144C(13)Section 44ASection 56Section 68

44A of the Banking Regulation Act, 1949 through the Reserve Bank of India (RBI) approved scheme of amalgamation. The effective date of amalgamation was 27.02.2017. As per the submission of the assessee in the computation of income it has deducted the interest on tax refund belonging to RBS NV amounting to ₹62,12,73,000/-from the gross total income