Browse Tax Judgements
Showing 1–7 of 7 judgements · Browse by section & bench
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Stream Suppliers Pvt. Ltd. Vs. ITO, Ward-7(1), Kolkata
The assessee, Stream Suppliers Pvt. Ltd., is a domestic company that filed its return of income showing a total income of ₹1,62,100/- on 12.10.2016. The Assessing Officer (AO) disallowed a loss of ₹1,49,38,316/- claimed by the assessee on n…
Gopalchandra Bagui Vs. Assessment Unit
The Department found that the assessee, Gopalchandra Bagui, had sold an immovable property for a consideration of ₹50,14,000/-. The profit from this sale was liable to be taxed under the Income Tax Act for the assessment year 2015-16. Since…
Shyam Greenfield Developer Private Limited Vs. ITO, Ward-2(1), Kolkata
The assessee, Shyam Greenfield Developer Private Limited, filed its income tax return for AY 2018-19 showing total income of ₹43,28,900/- after claiming exempt income of ₹1,01,82,029/-. The Assessing Officer found that the assessee had enga…
Royal Fincomm Private Limited Vs. ITO, Ward 4(1), Kolkata
The assessee, Royal Fincomm Private Limited, filed its return of income for the AY 2015-16 declaring total income at Rs.31,57,573/-. The Assessing Officer received information from SEBI indicating large-scale reversal of trades in the stock…
Regal Dealmark Private Limited vs. WBG-W-104(1), Kolkata
The assessee, Regal Dealmark Private Limited, filed its return of income for the assessment year 2014-15 declaring a total income of Rs.12,090/-. Based on information about accommodation entries from shell companies and fictitious losses/pr…
M. A Financial Services Pvt. Ltd. vs. ITO, Ward-4(1), Kolkata
The assessee, M. A Financial Services Pvt. Ltd., filed its return of income for the assessment year 2015-16 declaring a total income of Rs.9,647. The return was processed under section 143(1) of the Income-tax Act, 1961. Later, based on inf…
Smt. Sneha Brahma, Legal Representative of Late Shyamal Kumar Brahma Vs. ITO, Ward-2(4), Raiganj
The assessee, an individual, filed his return of income showing a total income of ₹23,090/- for AY 2013-14. The Assessing Officer noted that the assessee had deposited cash amounting to ₹2,98,73,520/- in his bank account and had also receiv…