NORMURA RESEARCH INSTITURE FINANCIAL TECHNOLOGIES INDIA PRIVATE LIMITED,KOLKATA vs. ACIT,CIRCLE-2(2), KOL, KOLKATA

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

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2012-13

12 in ITA No. 284/Kol/2016 dated 26.10.2018. On perusal of the said order, it is noted that these issues are dealt with vide para 18, which is extracted below: “18. The Ground No. 26 raised by the assessee is with regard to the action of the ld AO in adding back the disallowance conceived

MEGAPODE VYAPAAR PVT. LTD.,KOLKATA vs. D.C.I.T., CENTRAL CIRCLE - 1(2), KOLKATA, KOLKATA

In the result, ITA No. 98/KOL/2023 is allowed for statistical purposes

Bench: Sri Rajesh Kumar & Sri Anikesh Banerjee

1,32,01,291/- earned by the assesses. Loss in Trading in currency derivative is speculative loss as per definition of Speculative transaction provided in section 43(5) of the I. T. Act, which defines speculative transaction ds under Section 43(5) of the I. T. Act: “Speculative transaction” means a transaction in which a contract for the purchase

BALHANUMAN COMMODEAL PVT. LTD.,KOLKATA vs. ITO, WARD-5(4), KOLKATA

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2012-13

12 Balhanuman Commodeal Pvt. Ltd. : AY: 2012-13 9. Ground No 3 is general in nature and does not require adjudication. 10. Resultantly, the appeal preferred by the appellant is DISMISSED. 7. In the course of the appeal, the assessee has submitted as under: Kindly refer to the above mentioned appeal fixed for hearing on 15.05.2024 before

AASHIRWAD VINCOM PVT. LTD.,KOLKATA vs. I.T.O., WARD - 9(1), KOLKATA, KOLKATA

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

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2013-14

transfer of the commodity or scrips: Provided that for the purposes of this clause— (a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuations in respect of his contracts for actual deli- very of goods manufactured

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

AC was the possible view, relevant portion of the decision in verbatim is reproduced as under, 22. in the light of the information received from DGIT (Investigation), Mumbai, and the evidence filed by the assessee claiming that purchases from the aforesaid four parties were genuine, the AO concluded that the purchases from the four parties were not genuine. This conclusion

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

AC was the possible view, relevant portion of the decision in verbatim is reproduced as under, 22. in the light of the information received from DGIT (Investigation), Mumbai, and the evidence filed by the assessee claiming that purchases from the aforesaid four parties were genuine, the AO concluded that the purchases from the four parties were not genuine. This conclusion

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

AC was the possible view, relevant portion of the decision in verbatim is reproduced as under, 22. in the light of the information received from DGIT (Investigation), Mumbai, and the evidence filed by the assessee claiming that purchases from the aforesaid four parties were genuine, the AO concluded that the purchases from the four parties were not genuine. This conclusion

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

AC was the possible view, relevant portion of the decision in verbatim is reproduced as under, 22. in the light of the information received from DGIT (Investigation), Mumbai, and the evidence filed by the assessee claiming that purchases from the aforesaid four parties were genuine, the AO concluded that the purchases from the four parties were not genuine. This conclusion

GOPAL & SONS HUF,KOLKATA vs. I.T.O., WARD - 32(1), KOLKATA, KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

AC was the possible view, relevant portion of the decision in verbatim is reproduced as under, 22. in the light of the information received from DGIT (Investigation), Mumbai, and the evidence filed by the assessee claiming that purchases from the aforesaid four parties were genuine, the AO concluded that the purchases from the four parties were not genuine. This conclusion

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED , PATNA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

ACIT, CIRCLE - 6(2), KOLKATA vs. M/S. NAGREEKA SYNTHETICS PVT. LTD., KOLKATA

In the result, the appeal of the revenue is allowed for statistical purposes and the cross-objection by the assessee are dismissed

Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 427/Kol/2019 Assessment Year: 2009-10 Asst. Commissioner Of Income Tax, M/S. Nagreeka Synthetics Pvt. Ltd. Circle-6(2), Kolkata Vs 6Th Floor, Jain Chamber 18, R.N. Mukherjee Road Kolkata - 700001 [Pan : Aaacn8691D] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) C.O. No. 19/Kol/2021 Assessment Year: 2009-10 M/S. Nagreeka Synthetics Pvt. Ltd. Asst. Commissioner Of Income 6Th Floor, Jain Chamber Vs Tax, Circle-6(2), Kolkata 18, R.N. Mukherjee Road Kolkata - 700001 [Pan : Aaacn8691D] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri S.D. Verma, Advocate Revenue By : Shri Abhijit Kundu, Cit D/R सुनवाई क" तारीख/Date Of Hearing : 05/09/2023 घोषणा क" तारीख /Date Of Pronouncement: 09/11/2023 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Revenue Against The Order Of The Learned Commissioner Of Income Tax (Appeals)- 4, Kolkata (Hereinafter The “Ld. Cit(A)”) Dt. 21/06/2018, Passed U/S 250 Of The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2009- 10. The Assessee Has Filed A Cross-Objection Being C.O. No. 19/Kol/2021. 2. The Registry Has Pointed Out That There Is A Delay Of 965 Days In Filing The Cross-Objection By The Assessee. The Assessee Has Filed A 2

transfer of the commodity or scrips Provided that for the purposes of this clause— (a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuations in respect of his contracts for actual delivery of goods manufactured

DCIT, CENTRAL CIRCLE- 4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

BALMUKUND CEMENT & ROOFINGS PVT. LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED, KOLKATA

The appeal of the Revenue is dismissed

AC was the possible view, relevant portion of the decision in verbatim is\nreproduced as under,\n22. in the light of the information received from DGIT (Investigation), Mumbai, and the\nevidence filed by the assessee claiming that purchases from the aforesaid four parties\nwere genuine, the AO concluded that the purchases from the four parties were not\ngenuine. This conclusion