ITO, Ward-22(4), Kolkata, Kolkata V. Krishna Kumar Parsuramka, Kolkata

MA 14/KOL/2020

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 2593 (ITAT-KOLKATA)
• Duration Of Justice: 2 month(s) 12 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 18-03-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 06-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: JAYANTA KHANRA
• Keywords: Unexplained cash credit; Capital Gains
• Section: 254(2); 13; 68

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH KOLKATA [BEFORE SRI S. S. GODARA, JUDICIAL MEMBER] M.A NO.289/KOL/2019 (IN I.T.A NO.180/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-49(3), KOLKATA VS. SMT. SIKHA BAGARIA 200, BANGUR AVENUE, BLOCK-A, KOLKATA- 700055 ./ ./PAN/GIR NO.: AJAPS 4843 A (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : NONE M.A NO.287/KOL/2019 (IN I.T.A NO.263/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-50(3), KOLKATA VS. N.P.PATODIA & SONS (HUF) BB-23, SECTOR-I, SALT LAKE CITY, KOLKATA- 700064 ./ ./PAN/GIR NO.: AABHN 2382 R (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : NONE M.A NO.292/KOL/2019 (IN I.T.A NO.110/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-51(2), KOLKATA VS. AAYUSH JHUNJHUNWALA (HUF) HB-319, SECTOR-III, SALT LAKE CITY, KOLKATA-106 ./ ./PAN/GIR NO.: AAKHA 7794 P M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 2 (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI B. K. PODDAR, FCA M.A NO.291/KOL/2019 (IN I.T.A NO.111/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-51(2), KOLKATA VS. AAYUSH JHUNJHUNWALA HB-319, SECTOR-III, SALT LAKE CITY, KOLKATA-106 ./ ./PAN/GIR NO.: AEYPJ 0473 N (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI B. K. PODDAR, FCA M.A NO.290/KOL/2019 (IN I.T.A NO.2651/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-36(4), KOLKATA VS. M/S VINOD KUMAR AGRAWAL LEVEL-3, CENTRAL PLAZA, C11, 41, B.B GANGULY STREET, KOLKATA-700012 ./ ./PAN/GIR NO.: ACHPA8951D (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : NONE M.A NO.206/KOL/2019 (IN I.T.A NO.2341/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-1(2), KOLKATA VS. PARICHAY TRADCOM PVT. LTD. C/O RSVPC & CO. 41A, A.J.C. BOSE ROAD, SUITE NO.613, 6T H FLOOR, KOLKATA- 17 M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 3 ./ ./PAN/GIR NO.: AAECP 9444 Q (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI N. K. JAIN, A/R M.A NO.09/KOL/2020 (IN I.T.A NO.2427/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-45(2), KOLKATA VS. SUSHIL KUMAR DAGA (HUF) 3A, MULLICK STREET, C/O SUSHIL COMPANY, 1S T FLOOR, KOLKATA-700007 ./ ./PAN/GIR NO.: AANHS 1210 F (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI MIRAJ D. SHAH, A/R M.A NO.294/KOL/2019 (IN I.T.A NO.258/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-47(1), KOLKATA VS. RAHUL GOENKA FLAT NO.5A, PHASE-5, BLOCK, 9, VIVEK VIHAR, 493/C/A, G.T. ROAD, HOWRAH- 711102 ./ ./PAN/GIR NO.: BBUPG 6761 J (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.272/KOL/2019 (IN I.T.A NO.2071/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 4 ITO, WARD-36(1), KOLKATA VS. SHRI RAVINDRA KUMAR CHOPRA, 3A, SURENDRA MOHAN GHOSH SARANI, 1ST FLOOR, KOLKATA-700001 ./ ./PAN/GIR NO.: ACAPC 4647 H (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI MIRAJ D. SHAH, A/R M.A NO.273/KOL/2019 (IN I.T.A NO.208/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-25(2), KOLKATA VS. SUNITA SANGANERIA FLAT NO. 5D 24 PRINCE ANWAR SHAH ROAD, PAGE 5 KOLKATA-700033 ./ ./PAN/GIR NO.: AMAPS 0747 C (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI B. K. PODDAR, FCA M.A NO.274/KOL/2019 (IN I.T.A NO.209/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-25(2), KOLKATA VS. SANJEEV SANGANERIA (HUF) FLAT NO. 5D 24 PRINCE ANWAR SHAH ROAD, KOLKATA-700 033 ./ ./PAN/GIR NO.: AAGHS 5554 M (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI B. K. PODDAR, FCA M.A NO.275/KOL/2019 (IN I.T.A NO.210/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 5 ITO, WARD-25(2), KOLKATA VS. SANJEEV SANGANERIA FLAT NO. 5D 24 PRINCE ANWAR SHAH ROAD, KOLKATA-700 033 ./ ./PAN/GIR NO.: ALAPS 5539 F (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI B. K. PODDAR, FCA M.A NO.277/KOL/2019 (IN I.T.A NO.1670/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-36(1), KOLKATA VS. RAMAKANT BERIWALA 5, CLIVE ROW, ROOM NO.23, KOLKATA- 700001 ./ ./PAN/GIR NO.: ADWPB 8576 F (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI UPENDRA NATH RAI, A/R M.A NO.276/KOL/2019 (IN I.T.A NO.2560/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2015-16) ITO, WARD-25(1), KOLKATA VS. PAWAN KUMAR TOSHNIWAL (HUF) KAILASH APARTMENT 174/15 NSC BOSE ROAD, 4 TH FLOOR, AZADGARH P.O. KOLKATA-40 ./ ./PAN/GIR NO.: AAIHP 2504 E (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : NONE M.A NO.284/KOL/2019 (IN I.T.A NO.2685/KOL/2018) M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 6 ( [ [ / ASSESSMENT YEAR: 2014-15) ACIT, CIRCLE-26(2), KOLKATA VS. AJAY KUMAR SHAW 12, A.L. DAW ROAD, BUDGE BUDGE, KOLKATA-700137 ./ ./PAN/GIR NO.: AMAPS 2210 A (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI S. JHAJHARIA, FCA M.A NO.293/KOL/2019 (IN I.T.A NO.109/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-51(2), KOLKATA VS. POOJA JHUNJHUNWALA HB-319, SECTOR-III, SALT LAKE CITY, KOLKATA-700106 ./ ./PAN/GIR NO.: AILPG 8068 K (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI B. K. PODDAR, FCA M.A NO.286/KOL/2019 (IN I.T.A NO.29/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-50(3), KOLKATA VS. SHRI SHYAM SUNDAR DIDWANIA DB-06, SECTOR-1, SALT LAKE CITY KOLKATA- 700 064 ./ ./PAN/GIR NO.: ACSPD 9573 H (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : NONE M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 7 M.A NO.317/KOL/2019 (IN I.T.A NO.2073/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-46(3), KOLKATA VS. SHRI ABHINANDAN CHOPRA 88, BLOCK-G, 4TH FLOOR, RABINDRA NAGAR COMPLEX, COLLEGE ROAD, HOWRAH- 711103 ./ ./PAN/GIR NO.: AFPPC 6666 L (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI M. D. SHAH, A/R M.A NO.316/KOL/2019 (IN I.T.A NO.255/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-46(3), KOLKATA VS. MANJU CHOWDHARY PHASE-5, BLOCK-9, VIVEK VIHAR, 493/C/A,GT ROAD, HOWRAH-711102 ./ ./PAN/GIR NO.: AFBPC 5564 P (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.270/KOL/2019 (IN I.T.A NO.2069/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-34(1), KOLKATA VS. SHRI BIRENDRA KR. CHOPRA 3A, SURENDRA MOHAN GHOSH SARANI, 1ST FL., KOLKATA-001 ./ ./PAN/GIR NO.: ACPPC 0363 F (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 8 RESPONDENT BY : SHRI M. D. SHAH, A/R M.A NO.03/KOL/2020 (IN I.T.A NO.2070/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-46(3), KOLKATA VS. M/S BIRENDRA KR. CHOPRA (HUF) 88, BLOCK-G, 4T H FLOOR, RABINDRA NAGAR COMPLEX, COLLEGE ROAD, HOWRAH- 711103. ./ ./PAN/GIR NO.: AAAHC 8463 M (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI M. D. SHAH, A/R M.A NO.268/KOL/2019 (IN I.T.A NO.2649/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2009-10) ITO, WARD-36(4), KOLKATA VS. SUMAN KUMAR 32, EZRA STREET, ROOM NO.854, TODI CORNER, KOLKATA-700001 ./ ./PAN/GIR NO.: AGBPK 7636 F (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.271/KOL/2019 (IN I.T.A NO.2604/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ACIT, CIRCLE-35, KOLKATA VS. SMT. MUKTA AGARWAL 1, INDIA EXCHANGE PLACE, 1ST FLOOR, ROOM NO.110, KOLKATA-700001 ./ ./PAN/GIR NO.: ABTPC 2278 G (APPELLANT) .. (RESPONDENT) M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 9 APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI S. JHAJHARIA, FCA M.A NO.269/KOL/2019 (IN I.T.A NO.2650/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2009-10) ITO, WARD-36(4), KOLKATA VS. SUNITA GOYAL 32, EZRA STREET. ROOM NO.854, TODI CORNER, KOLKATA-700 001 ./ ./PAN/GIR NO.: ADVPG 1176 B (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.12/KOL/2020 (IN I.T.A NO.1771/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-47(1), KOLKATA VS. RASHMI GUPTA C/O SUBASH AGARWAL & ASSOCIATES SIDDHA GIBSON, 1, GIBSON LANE, SUITE- 213, 2 ND FLOOR, KOLKAKTA-69 ./ ./PAN/GIR NO.: ADOPG 8719 R (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.13/KOL/2020 (IN I.T.A NO.1770/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-47(1), KOLKATA VS. SMT. RITU GUPTA C/O SUBASH AGARWAL & ASSOCIATES, SIDDHA GIBSON, 1, GIBSON LANE, SUITEIII213, 2ND FLOOR, KOLKATA-69 M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 10 ./ ./PAN/GIR NO.: AHEPA 1921 B (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.14/KOL/2020 (IN I.T.A NO.250/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-22(4), KOLKATA VS. KRISHNA KUMAR PARSURAMKA 23A, N.S. ROAD, 7T H FLOOR, FORTUNA TOWER ROOM NO. 4A, KOLKATA-700 001 ./ ./PAN/GIR NO.: AFXPP 8562 N (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, ADVOCATE M.A NO.01/KOL/2020 (IN I.T.A NO.2441/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ACIT, CIRCLE-46, KOLKATA VS. B.N.AGARWAL & SONS (HUF) BALAJI APARTMENTS, 52/1, HAZRA ROAD, KOLKATA-700019 ./ ./PAN/GIR NO.: AAEHB 3909 D (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : NONE M.A NO.02/KOL/2020 (IN I.T.A NO.2072/KOL/2018) ( [ [ / ASSESSMENT YEAR: 2014-15) ITO, WARD-46(3), KOLKATA VS. M/S RAVINDRA KR. CHOPRA (HUF) 88, BLOCK-G, 4T H FLOOR, RABINDRA NAGAR M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 11 COMPLEX, COLLEGE ROAD, HOWRAH- 711103 ./ ./PAN/GIR NO.: AABHC 0183 M (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI M. D. SHAH, A/R M.A NO.318/KOL/2019 (IN I.T.A NO.259/KOL/2019) ( [ [ / ASSESSMENT YEAR: 2015-16) ITO, WARD-46(3), KOLKATA VS. M/S DEVI PRASAD CHOWDHARY, HUF PHASE-5, BLOCK-9, VIVEK VIHAR, 493/C/A G.T. ROAD, HOWRAH-711102 ./ ./PAN/GIR NO.: AAFHD 2624 G (APPELLANT) .. (RESPONDENT) APPELLANT BY : SHRI JAYANTA KHANRA, JCIT, SR. DR RESPONDENT BY : SHRI SUBASH AGARWAL, A/R / DATE OF HEARING : 21/02/2020 /DATE OF PRONOUNCEMENT : 18/03/2020 / O R D E R PER SHRI S. S. GODARA: THE REVENUES INSTANT THIRTY MISCELLANEOUS APPLICATIONS FILED U/S 254(2) OF THE ACT SEEK TO RECALL TRIBUNALS ORDER(S) REVERSING BOTH THE LEARNED LOWER AUTHORITIES ACTION ADDING LONG/SHORT TERM CAPITAL GAINS/LOSSES AS BOGUS UNEXPLAINED CASH CREDITS U/S 68 SINCE INVOLVING ALLEGED ARTIFICIAL RIGGING OF THE CORRESPONDING SCRIP PRICES IN COLLUSION WITH ENTRY OPERATORS CONCERNED. 2. I HAVE HEARD SHRI JAYANTA KHANRA, LEARNED DEPARTMENTAL REPRESENTATIVE AND THE ASSESSEE(S) THROUGH THEIR AUTHORIZED REPRESENTATIVE(S). MR. KHANRA VEHEMENTLY M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 12 CONTENDED DURING THE COURSE OF HEARING THAT THE TRIBUNAL HAS COMMITTED AN APPARENT ERROR ON RECORD WHILST DELETING THE IMPUGNED ADDITION(S) IN THESE CASES. IT IS EMPHASISED THAT THE ASSESSING OFFICER AS WELL AS THE CIT(A) HAD FOUND THESE ASSESSEES TO HAVE BEEN ENGAGED IN ARTIFICIAL RIGGING OF SCRIP(S) PRICES IN COLLUSION WITH ENTRY OPERATORS RESULTING IN THE ALLEGED BOGUS UNEXPLAINED CASH CREDITS ADDITION(S). IT IS LASTLY SUBMITTED THAT THE TRIBUNALS HAS ALSO NOT DISTINGUISHED THE ISSUES INVOLVED I.E LONG-TERM AND SHORT-TERM CAPITAL GAINS/LOSSES. 3. I HAVE GIVEN MY THOUGHTFUL CONSIDERATION TO THE REVENUES THREE FOLDED PLEADINGS. SUFFICE TO SAY, I MAKE IT CLEAR THAT SECTION 254(2) IS A REMEDY FOR MODIFICATION/RECTIFICATION IN CASE THERE IS AN APPARENT ERROR ON RECORD. I NOTICE THAT THE TRIBUNAL HAS TAKEN INTO CONSIDERATION ALL THE RELEVANT FACTS ON RECORD IN LIGHT OF VARIOUS JUDICIAL PRECEDENTS WHILST COMING TO THE CONCLUSION THAT THE LEARNED LOWER AUTHORITIES ACTION BASED ON CIRCUMSTANTIAL THAN ACTUAL EVIDENCE FOR THE PURPOSE OF TREATING THE LONG/SHORT-TERM CAPITAL GAINS/LOSSES, IS NOT LIABLE TO BE SUSTAINED. THE SAME CANNOT BE TERMED AS AN APPARENT ERROR ON RECORD WHICH COULD FORM SUBJECT MATTER OF SECTION 254(2) PROCEEDINGS. 5. NEXT COMES THE REVENUES LATTER PLEA(S) THAT THE TRIBUNAL HAS NOT DISTINGUISHED THE FACTUM OF THE ISSUE(S) INVOLVED I.E. LONG-TERM & SHORT-TERM CAPITAL GAINS/LOSSES BASED ON ENTRY OPERATORS COLLUSION WITH ASSESSEES. I FIND NO FORCE IN THESE ARGUMENTS AS WELL SINCE THE LEARNED LOWER AUTHORITIES HAVE FOLLOWED THE VERY REASONING IN THESE ASPECTS CAPITAL GAINS WITHOUT QUOTING ANY SPECIFIC MATERIAL AGAINST THESE ASSESSEES. AND ALSO THE LOWER AUTHORITIES HAD GONE BY IDENTICAL REASONING OF CIRCUMSTANTIAL EVIDENCE AS PER CASE LAW SUMATI DAYAL V. CIT 214 ITR 801(SC) AND CIT V. DURGA PRASAD MORE 82 ITR 540(SC) AND NOT ACTUAL EVIDENCE. THIS TRIBUNAL HAS HELD, IN NUTSHELL, THAT SUCH A COURSE OF ACTION OF TREATING ALL CATEGORIES OF GAINS OR LOSSES; AS THE CASE MAY BE, MUST BE BASED AS ACTUAL EVIDENCE ONLY. THE SAME REASONING APPLIES MUTATIS MUTANDIS IN ALL THESE CASES THEREFORE. M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 13 6. THE REVENUES THIRTY MISCELLANEOUS APPLICATIONS FAIL THEREFORE. A COPY OF THIS INSTANT COMMON ORDER BE PLACED IN THE RESPECTIVE CASE FILE(S). I MAKE IT CLEAR BEFORE CONCLUDING THAT SINCE THE REVENUES INSTANT MISCELLANEOUS APPLICATIONS INVOLVE IDENTICAL GRIEVANCES, THE SAME ARE DISPOSED OFF BY WAY OF THE FOREGOING COMMON ADJUDICATION. 8. THESE REVENUES THIRTY MISCELLANEOUS APPLICATIONS ARE DISMISSED. ORDER IS PRONOUNCED IN THE OPEN COURT ON 18.03.2020. SD/- (S. S. GODARA) JUDICIAL MEMBER /KOLKATA; / DATE:18/03/2020 RS / COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT - (I) ITO, WARD-49(3), KOLKATA (II) ITO, WARD-50(3), KOLKATA (III) ITO, WARD-51(2), KOLKATA (IV) ITO, WARD-36(4), KOLKATA (V) ITO, WARD-1(2), KOLKATA (VI) ITO, WARD-45(2), KOLKATA (VII) ITO, WARD-47(1), KOLKATA (VIII) ITO, WARD-36(1), KOLKATA (IX) ITO, WARD-25(2), KOLKATA (X) ITO, WARD-25(1), KOLKATA (XI) ACIT, CIRCLE-26(2), KOLKATA (XII) ITO, WARD-46(3), KOLKATA (XIII) ITO, WARD-34(1), KOLKATA (XIV) ITO, WARD-36(4), KOLKATA (XV) ACIT, CIRCLE-35, KOLKATA (XVI) ITO, WARD-22(4), KOLKATA (XVII) ACIT, CIRCLE-46, KOLKATA 2. THE RESPONDENT- (I) SMT. SIKHA BAGARIA (II) N.P.PATODIA & SONS (HUF) M.A NO.289,287,292,291,290,206,294,272,273,274,275,277,276,284,293,286,317,316,270,268,271,269,318/KOL/2019 & M.A NO.09,03,12,13,14,01,02/KOL/2020 SMT. SIKHA BAGARIA & ORS PAGE | 14 TRUE COPY BY ORDER ASSISTANT REGISTRAR, I.T.A.T, KOLKATA BENCHES, KOLKATA . (III) AAYUSH JHUNJHUNWALA (HUF) (IV) AAYUSH JHUNJHUNWALA (V) M/S VINOD KUMAR AGRAWAL (VI) PARICHAY TRADCOM PVT. LTD. (VII) SUSHIL KUMAR DAGA (HUF) (VIII) RAHUL GOENKA (IX) SHRI RAVINDRA KUMAR CHOPRA, (X) SUNITA SANGANERIA (XI) SANJEEV SANGANERIA (HUF) (XII) SANJEEV SANGANERIA (XIII) RAMAKANT BERIWALA (XIV) PAWAN KUMAR TOSHNIWAL (HUF) (XV) AJAY KUMAR SHAW (XVI) POOJA JHUNJHUNWALA (XVII) SHRI SHYAM SUNDAR DIDWANIA (XVIII) SHRI ABHINANDAN CHOPRA (XIX) MANJU CHOWDHARY (XX) SHRI BIRENDRA KR. CHOPRA (XXI) M/S BIRENDRA KR. CHOPRA (HUF) (XXII) SUMAN KUMAR (XXIII) SMT. MUKTA AGARWAL (XXIV) SUNITA GOYAL (XXV) RASHMI GUPTA (XXVI) SMT. RITU GUPTA (XXVII) KRISHNA KUMAR PARSURAMKA (XXVIII) B.N.AGARWAL & SONS (HUF) (XXIX) M/S RAVINDRA KR. CHOPRA (HUF) (XXX) M/S DEVI PRASAD CHOWDHARY, HUF 3. ( ) / THE CIT(A), KOLKATA [SENT THROUGH EMAIL] 4. / CIT 5. , , / DR, ITAT, KOLKATA [SENT THROUGH EMAIL] 6. [ / GUARD FILE.