Browse Tax Judgements
Showing 1–20 of 21 judgements · Browse by section & bench
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Hooghly Urban Peoples Service Co-operative Society Vs ITO, Ward-23(1), Hooghly
This is an appeal filed by the assessee, Hooghly Urban Peoples Service Co-operative Society, against the order of the Ld. Commissioner of Income Tax (Appeals), NFAC, Delhi, passed under section 250 of the Income Tax Act, 1961, for the asses…
T & I Global Ltd. Vs. PCIT, Kolkata-2, Kolkata
This is an appeal filed by T & I Global Ltd. against the order of the Principal Commissioner of Income Tax, Kolkata-2, Kolkata, passed under section 263 of the Income Tax Act, 1961, dated 17.02.2025 for Assessment Year 2020-21. During the h…
Shakila Begum Vs ADIT, CPC, Bengaluru
The assessee, Shakila Begum, filed her return of income on 15.02.2021 declaring a total income of Rs.30,52,010/-. The return was processed under section 143(1) on 18.12.2021, resulting in an adjusted income of Rs.1,05,52,010/- by making an …
Indian Chain Pvt. Ltd. Vs. DCIT, Circle-11(1), Kolkata
The appeal filed by the assessee, Indian Chain Pvt. Ltd., is against the order of Ld. CIT(A), Addl/JCIT(A)-2, Delhi dated 16.04.2024 for AY 2020-21 arising out of intimation order passed u/s. 143(1) of the Income Tax Act, 1961 by DCIT, CPC …
DCIT, Circle-5(1), Kolkata vs. Bandhan Bank Ltd., Kolkata
The assessee, Bandhan Bank Ltd., claimed a deduction of Rs. 11,42,62,243/- towards the cost of Employees Stock Option (ESOP). The assessee treated the difference in cost between the ESOP and the fair market value of shares as a perquisite u…
IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH KOLKATA
This appeal was filed by Sreema Associates Pvt. Ltd against the order dated 28.08.2025 of the NFAC, Delhi (hereinafter referred to as the 'CIT(A)') passed under section 250 of the Income-tax Act, 1961 for the assessment year 2020-21. The or…
Sanjay Kumar Khemka vs. DCIT, CC-3(4), Kolkata
In the case of the assessee, a search & seizure operation was carried out in the residential/registered office/business premises of 'Private Coaching & Educational Institutions Group' on 06.11.2019. The assessee belonged to this group. Sinc…
S D Rai Prayas Educational Trust vs. Assessment Unit Ward-50(1), Kolkata
The assessee trust, S D Rai Prayas Educational Trust, e-filed its return of income for the assessment year 2020-21 declaring total income of Rs. Nil. The case was selected for scrutiny under CASS because the trust had paid salary and rent t…
Income Tax Appellate Tribunal (ITAT) Appeal
This appeal was filed by the revenue against the order dated 10.06.2024 of the National Faceless Appeal Centre [‘CIT(A)’] under Section 250 of the Income-tax Act, 1961 for the assessment year 2020-21. The appeal was filed with a delay of 36…
Anupam Guha vs. ITO, Ward-25(1), Kolkata
The assessee, Anupam Guha, filed a Return of Income declaring income of Rs.17,33,480/- for Assessment Year 2020-21. The case was selected for scrutiny under 'CASS' by issue of notice u/s 143(2) of the Income-tax Act, 1961. The Assessing Off…
Poonam Lakhmani vs. ITO, Ward-30(1), Kolkata
The assessee, Poonam Lakhmani, filed her return of income declaring a total income of Rs.11,69,760/- for the assessment year 2020-21. Her case was selected for limited scrutiny through CASS on the issue of 'investment in immovable property'…
Debasish Banerjee vs. ITO, Ward-40(1), Kolkata
The assessee, Debasish Banerjee, filed a return of income declaring a total income of Rs.2,15,650/-. His case was selected for scrutiny, and a notice under section 143(2) of the Income-tax Act, 1961 was issued, to which the assessee failed …
Kanha Villa LLP vs. Income Tax Ward 29(1), Kolkata
The assessee, Kanha Villa LLP, is an LLP engaged in renting and real estate. It purchased an immovable property (Synthesis Business Park) from the State Govt. of West Bengal for Rs. 4,76,50,200. During the assessment proceedings, the Assess…
Hind Ice & Cold Storage Pvt. Ltd. vs. DCIT, Central Circle -4(2), Kolkata
The assessee company, Hind Ice & Cold Storage Pvt. Ltd., is a private limited company engaged in ice and cold storage operations. For the Assessment Year 2020-21, the company filed its return of income declaring a total income of Rs.1,41,19…
Sridharpur Co-operative Bank vs. ITO, Ward-2(1), Burdwan
The assessee, Sridharpur Co-operative Bank, a Primary Agricultural Cooperative Credit Society registered under the West Bengal Cooperative Societies Act, filed its return of income for the assessment year 2020-21 declaring nil taxable incom…
Lumino Industries Limited Vs. DCIT, CC 2(3)
The assessee, Lumino Industries Limited, filed its return of income on 16.01.2021, declaring a total income of ₹128,90,00,980/-. The assessment was framed under section 143(3) on 30.09.2022, assessing the total income at ₹1,30,24,65,800/-. …
Islander Housing Project Pvt. Ltd. vs. ITO, Ward-3(4), Port Blair
The assessee, Islander Housing Project Pvt. Ltd., a Private Limited Company, did not file a return of income for the Assessment Year 2020-21. The Assessing Officer found significant cash deposits and withdrawals in the assessee's bank accou…
DCIT, Central Circle-4(3), Kolkata vs Gaurang Alloys and Iron Ltd.
A search and seizure operation was conducted on 'Agarwal Group of cases' on 25.09.2020, which included Gaurang Alloys and Iron Ltd. The assessee filed its return of income declaring a total loss, but during the assessment proceeding, it was…
Blupex Vinimoy Private Ltd. Vs ITO, Ward-14(1), Kolkata
This is an appeal filed by Blupex Vinimoy Private Ltd. against the order of the ld. CIT(A), National Faceless Appeal Centre (NFAC), Delhi, dated 11.09.2025 for the assessment year 2020-21, confirming the penalty levied under section 270A of…
Biswarup Samadder vs. ITO, Ward-25(1), Haldia
The assessee, Biswarup Samadder, filed his Income Tax Return declaring a total income of Rs. 4,12,600/- for the assessment year 2020-21. His case was selected for scrutiny regarding investments in immovable property. The Assessing Officer n…