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585 results for “section 68”+ Section 73(1)clear

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Key Topics

Section 6878Section 143(3)74Addition to Income73Section 14844Section 25038Section 14737Section 14A35Section 115J33Disallowance32Section 40

SINGHANIA & SONS (P) LTD,KOLKATA vs. ACIT, CIR. 10(2), KOLKATA

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

ITA 412/KOL/2021[2017-18]Status: DisposedITAT Kolkata06 Dec 2021AY 2017-18

Bench: Shri P.M. Jagtap, Hon’Ble Vice-, Kz) Assessment Year: 2017-18 Singhania & Sons Pvt. Ltd…………...............................................................………………….............Appellant 3D, Duckback House 41, Shakespeare Sarani Kolkata – 700 017 [Pan : Aadcs 6078 A] Vs. Commissioner Of Income Tax (Appeals)- Nfac...............................................………..…......Respondent Appearances By: Shri Manoj Katarua, Advocate, Appeared On Behalf Of The Assessee. Shri Biswanath Das, Addl. Cit, D/R, Appearing On Behalf Of The Revenue.

Section 14ASection 250

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment as trading in shares is concerned, with effect from 1 April 2015. The latter amendment as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated was intended to take

M/S PREMIER IRRIGATION ADRITEC (P) LTD.,KOLKATA vs. ACIT, CIR-11(1), KOLKATA , KOLKATA

Showing 1–20 of 585 · Page 1 of 30

...
28
Unexplained Cash Credit21
Deduction19

In the result, the appeal of the assessee is dismissed

ITA 387/KOL/2021[2014-15]Status: DisposedITAT Kolkata20 Jan 2023AY 2014-15

Bench: Shri Sanjay Garg & Shri Girish Agrawal

Section 2(24)Section 250Section 3Section 36(1)Section 36(1)(va)Section 43B

73 Taxman 555 (Cal.): Income Tax Reference No. 113 Of 1983 have also taken the similar views and held that interest u/s 201(1A) is not deductible as business expenditure under section 37. Both these decisions find a place in the case of Chennai Properties and Investment Ltd. (supra). 7.6 In the case of Martin and Harris

HILTON COMMODITIES PVT. LTD.,KOLKATA vs. ITO, WARD-5(3), KOLKATA

In the result, the appeal of the revenue is dismissed

ITA 676/KOL/2024[2009-10]Status: DisposedITAT Kolkata24 Feb 2025AY 2009-10

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Hilton Commodities Pvt. Ltd. Ito, Ward 5(3) 9/12, Lal Bazar Street, Aaykar Bhavan, P-7, Mercantile Building, Block-B, Chowringhee Square, Vs. 3Rd Floor, No.10, Kolkata-700069, West Bengal Kolkata-700001, West Bengal (Appellant) (Respondent) Pan No. Aacch1011P Assessee By : Shri Soumitra Choudhury, Ar Revenue By : Shri S Datta, Cit Dr Date Of Hearing: 08.01.2025 Date Of Pronouncement : 24.02.2025

For Appellant: Shri Soumitra Choudhury, ARFor Respondent: Shri S Datta, CIT DR
Section 131Section 143(1)Section 143(2)Section 144Section 147Section 148Section 14ASection 263Section 68

73 days on 02.04.2024. Considering the explanation offered by the assessee for delay in filing the appeal, we are of the view that reasons are genuine and bonafide and therefore, we are inclined to condone the delay in filing the appeal. 03. The only issue raised in the various grounds of appeal is against the confirmation of addition

DALMIA LAMINATORS LTD.,KOLKATA vs. ACIT, CIR. 7(1), KOLKATA

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

ITA 106/KOL/2022[2017-18]Status: DisposedITAT Kolkata25 Aug 2023AY 2017-18

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 143(3)Section 2(24)Section 250Section 3Section 36(1)Section 36(1)(iv)Section 36(1)(va)Section 43BSection 68

68 of the I.T. Act. iii. That the appellant craves leave to add/or amend any ground of this appeal.” 2. Brief facts of the case are that the ld. AO framed the assessment order u/s 143(3) vide order dated 14.12.2019 for the A.Y. 2017-18 of the Act. The assessee in its return of income disclosing total income

JASHOJIT MUKHERJEE,KOLKATA vs. ACIT, CIR-50, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 403/KOL/2017[2012-13]Status: DisposedITAT Kolkata04 May 2018AY 2012-13

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 403/Kol/2017 Assessment Year : 2012-13 Jashojit Mukherjee -Vs- Acit, Circle-50, Kolkata [Pan: Afapm 7208 R] (Appellant) (Respondent)

For Appellant: Shri P.K. Himmatsinghka, ARFor Respondent: Shri Sallong Yaden, Addl. CIT
Section 133(6)Section 139(4)Section 143(2)Section 143(3)Section 41(1)

73,673/- with M/s Intrex , was not creditors outstanding , rather it was debtors 5 6 Jashojit Mukherjee A.Yr. 2012-13 outstanding (i.e receivable by the assessee). Hence he held that the same cannot be added as bogus creditors in the hands of the assessee. However, he upheld the balance portion of bogus creditors

M/S BALAJI EXPORT CORPORATION,KOLKATA vs. DCIT, CIR. 29, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 530/KOL/2021[2019-20]Status: DisposedITAT Kolkata10 Dec 2021AY 2019-20

Bench: Shri P.M. Jagtap(Kz) &Shri A. T. Varkey] Assessment Year: 2019-20

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

EXIMCORP INDIA (P) LTD. ,KOLKATA vs. ACIT,CIR-5(2),KOLKATA. , KOLKATA

In the result, the appeal of the assessee is dismissed

ITA 702/KOL/2023[2016-17]Status: DisposedITAT Kolkata05 Aug 2024AY 2016-17

Bench: Sri Rajpal Yadav, Vice- & Sri Sanjay Awasthi

Section 115JSection 195Section 195(1)Section 2Section 40

Section 2(28A) of the Act, would be liable to deduction of tax at source. He thereafter proceeded to make an addition of Rs. 12,72,292/- (being the impugned amount) u/s 40(a)(ia) of the Act. The Commissioner of Income Tax (Appeals) [hereinafter referred to as ld. 'CIT(A)'] is seen to have confirmed the action

EXIMCORP INDIA PRIVATE LIMITED. ,KOLKATA vs. ACIT,CIR-5(2),KOLKATA. , KOLKATA

In the result, the appeal of the assessee is dismissed

ITA 701/KOL/2023[2015-16]Status: DisposedITAT Kolkata05 Aug 2024AY 2015-16

Bench: Sri Rajpal Yadav, Vice- & Sri Sanjay Awasthi

Section 115JSection 195Section 195(1)Section 2Section 40

Section 2(28A) of the Act, would be liable to deduction of tax at source. He thereafter proceeded to make an addition of Rs. 12,72,292/- (being the impugned amount) u/s 40(a)(ia) of the Act. The Commissioner of Income Tax (Appeals) [hereinafter referred to as ld. 'CIT(A)'] is seen to have confirmed the action

DESANA POLY PLASTIC INDUSTRIES,KOLKATA vs. ACIT, CIR. 34, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 452/KOL/2021[2017-18]Status: DisposedITAT Kolkata28 Feb 2022AY 2017-18

Bench: Shri A. T. Varkey, Jm & Shri Manish Borad, Am ]

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

MICROVIEWS INFOSYSTEMS PVT. LTD,KOLKATA vs. DCIT, C.P.C., BANGALURU

In the result, the appeal of the assessee is allowed

ITA 295/KOL/2021[2018-18]Status: DisposedITAT Kolkata23 Feb 2022AY 2018-18

Bench: Shri A. T. Varkey & Shri Rajesh Kumar]

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

FLOWLINE SERVICES PVT LTD,KOLKATA vs. ITO, WARD-12(2), KOLKATA

In the result, the appeal of the assessee is allowed

ITA 267/KOL/2021[2016-17]Status: HeardITAT Kolkata23 Feb 2022AY 2016-17

Bench: Shri A. T. Varkey & Shri Rajesh Kumar, Am]

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

RAGHVENDRA PRATAP SINGH,KOLKATA vs. DCIT,CPC, BANGAORE

In the result, appeal of the assessee is allowed

ITA 556/KOL/2021[2019-20]Status: HeardITAT Kolkata18 Feb 2022AY 2019-20

Bench: Shri A. T. Varkey & Shri Rajesh Kumar] I.T.A. No. 556/Kol/2021 Assessment Years: 2019-20 Raghvendra Pratap Singh Vs. Dcit (Cpc) Bangalore (Pan: Amaps3456L) Appellant Respondent

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

HINDUSTAN FIBRE GLASS WORKS,KOLKATA vs. DCIT, CPC, BENGALURU

In the result, appeal of the assessee is allowed

ITA 608/KOL/2021[2018-19]Status: DisposedITAT Kolkata18 Feb 2022AY 2018-19

Bench: Shri A. T. Varkey & Shri Rajesh Kumar] I.T.A. No. 608/Kol/2021 Assessment Years: 2018-19 Hindustan Fibre Glass Works Vs. Dcit, Cpc, Bengaluru (Pan: Aabfh6597G) Appellant Respondent

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

M/S JAYANTA FOOD PRODUCTS,KOLKATA vs. DCIT, CPC, BANGALORE

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 384/KOL/2021[2019-20]Status: DisposedITAT Kolkata16 Feb 2022AY 2019-20

Bench: Shri A. T. Varkey] I.T.A. Nos. 383 & 384/Kol/2021 Assessment Years: 2018-19 & 2019-20

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

GANGOTRI HEALTH CARE & RESEARCH PVT. LTD. ,DARJEELING vs. CPC, BAGALORE(ACIT, CIR. 1, SILIGURI), BANGALORE

In the result, appeal of the assessee is allowed

ITA 580/KOL/2021[2019-20]Status: HeardITAT Kolkata16 Feb 2022AY 2019-20

Bench: Shri A. T. Varkey & Shri Rajesh Kumar] I.T.A. No. 580/Kol/2021 Assessment Years: 2019-20 Gangotri Health Care & Research Vs. Cpc, Bangalore [Acit, Cir-1, Pvt. Ltd. Siliguri] (Pan: Aafcg7852G) Appellant Respondent

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

PREMIER IRRIGATION ADRITEE PVT. LTD.,KOLKATA vs. ACIT, CIR. 11(1), KOLKATA

In the result, appeal of the assessee is allowed

ITA 481/KOL/2021[2019-20]Status: HeardITAT Kolkata16 Feb 2022AY 2019-20

Bench: Shri A. T. Varkey & Shri Rajesh Kumar] I.T.A. No. 481/Kol/2021 Assessment Years: 2019-20 Premier Irrigation Adritec Pvt. Ltd. Vs. Acit, Circle-11(1), Kolkata (Pan: Aafcm 4800 Q) Appellant Respondent

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

ORANGE SECURITAS PVT. LTD.,KOLKATA vs. A.O. CIR. 6(2), KOLKATA

In the result, appeal of the assessee is allowed

ITA 490/KOL/2021[2017-18]Status: HeardITAT Kolkata16 Feb 2022AY 2017-18

Bench: Shri A. T. Varkey & Shri Rajesh Kumar] I.T.A. No. 490/Kol/2021 Assessment Years: 2017-18 Orange Securities Pvt. Ltd. Vs. A.O., Circle-6(2), Kolkata (Pan: Aaaco 8239 L) Appellant Respondent

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

HIND ELECTRIC & TRADING CO.,KOLKATA vs. CPC/ITO, WD-40(3), KOLKATA

In the result, appeal of the assessee is allowed

ITA 464/KOL/2021[2019-20]Status: DisposedITAT Kolkata16 Feb 2022AY 2019-20

Bench: Shri A. T. Varkey] I.T.A. No. 464/Kol/2021 Assessment Year: 2019-20

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

M/S JAYANTA FOOD PRODUCTS,KOLKATA vs. DCIT, CPC, BANGALORE

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 383/KOL/2021[2018-19]Status: DisposedITAT Kolkata16 Feb 2022AY 2018-19

Bench: Shri A. T. Varkey] I.T.A. Nos. 383 & 384/Kol/2021 Assessment Years: 2018-19 & 2019-20

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that

ARUN KUMAR BISWAS,BISHNUPUR vs. ITO, WARD-26(1), KOLKATA

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

ITA 370/KOL/2021[2018-19]Status: HeardITAT Kolkata16 Feb 2022AY 2018-19

Bench: Shri A. T. Varkey] I.T.A. Nos. 370 & 408/Kol/2021 Assessment Years: 2018-19

Section 139Section 2(24)(x)Section 36(1)(va)Section 43B

73, insofar as trading in shares is concerned, with effect from 1 April 2015. The latter amendment was intended to take effect from the date stipulated by Parliament and we see no reason to hold either that it was clarificatory or that the intent of Parliament was to give it retrospective effect. 31. The consequence is that