Sri Natakari Gopal vs. Income Tax Appellate Tribunal and 2 Others

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 3Rd January, 2023. Appearance : Mr. Tilak Mita, Adv. ..For Appellant Mr. Pranit Bag , Adv. Mr. A. K. Mishra, Adv. Mr. Debdatta Saha, Adv. …For Respondent Re: Ga/1/2022 The Court:- Heard Mr. Tilak Mitra, Learned Advocate For The Appellant & Mr. Pranit Bag, Learned Advocate For The Respondent. There Is A Delay Of 1126 Days In Filing The Appeal. Though The Reasons Given In The Affidavit Are Not Convincing The Issues Involved In The Appeal Had Been Decided By This Court In Earlier Matters, This Court Exercises Discretion & Condone The Delay In Filing The Appeal. Accordingly, The Application Is Allowed.

Capital gain of Rs.1,12,13,010/- and claim the same as exempted from income tax u/s 10(38) of the Income Tax Act, 1961, giving rise thereby to the vice of perversity in the process of decision making ? 2. Whether the learned Income Tax Appellate Tribunal erred in deleting the disallowances

COMMISSIONER OF INCOME TAX-II vs. GLAND PHARMA LTD.,

In the result, the appeal (ITAT/96/2017) fails and stands

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

capital gains and not business profit and its purported findings in this regard are arbitrary, unreasonable and perverse?” We have heard Mr. Smarajit Roychowdhury, learned Counsel for the appellant/revenue and Mr. Asim Choudhury, learned counsel for the respondent/assessee. 3 On going through the order passed by the tribunal, we find that the tribunal was considering six issues

Kuchipudi Krishna Kishore vs. The DCIT

Accordingly the appeals deserves to be allowed by setting aside the impugned

Bench: P.SAM KOSHY,N.TUKARAMJI

disallowance of the assessee claimed for deduction. Further the aspect raised by the appellant I 6 l'il.l\\IIil tIl \. :rl.:'):Ntrt ji'- was discussed and determined threadbare by the forums below Hence no tenable ground is made out for interference in appeal. 10. The submissions of the learned counsel are duly considered and the materials on record are perused

AVANTI FEEDS LTD., vs. COMMISSIONER OF INCOMETAX

The appeal is dismissed, and the stay petition

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

Capital Loss Claims’ information data provided by the Directorate of Investigation, Kolkata? ii. Whether, on the facts and circumstances of the case, the Learned Tribunal was justified in law in allowing the appeal of the assessee and deleting the disallowance of a fictitious loss on trading of penny scrips of BLUE CIRCLE & CCL INTERNATIONAL aggregating