GRAPHITE INDIA LIMITED SOMAK BASU vs COMMISSIONER OF INCOME TAX, -IV, KOLKATA — ITA/72/2018

Disposed: Contested--DISPOSED on 18th May 2026.

Case disposed

CNR: WBCHCO0001742018

Filing Number

ITA/174/2018

Filing Date

28-Mar-2017

Registration No

ITA/72/2018

Registration Date

28-Mar-2017

Judge

Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Chaitali Chatterjee (Das)

Coram

Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Chaitali Chatterjee (Das)

Bench Type

Division Bench

Category

GROUP A (WRIT MATTERS) ( 1 )

Sub-Category

INCOME TAX ( 1 )

Judicial Branch

APPEAL SECTION

Decision Date

18-May-2026

Nature of Disposal

Contested--DISPOSED

Last updated 05-Jun-2026

Petitioner(s)

  1. 1.GRAPHITE INDIA LIMITED SOMAK BASU

Respondent(s)

  1. 1.COMMISSIONER OF INCOME TAX, -IV, KOLKATA

Case History

  1. Case disposedDisposed

  2. 18-May-2026

    Hon'ble Justice Rajarshi Bharadwaj,hon'ble Justice Chaitali Chatterjee (Das)View PDF

    Case Summary: ITA/72/2018 The High Court at Calcutta allowed Graphite India Limited's appeal, deciding two key tax issues in the assessee's favor. First, following the Supreme Court's Shital Fibers judgment, the court held that Section 80IA deductions need not be reduced when computing profits eligible for Section 80HHC deduction. Second, the court determined that sales-tax remission received under the West Bengal Incentive Scheme, 1993 constitutes a capital receipt (not revenue), as it was directly linked to capital investment for industrial expansion in backward areas, applying the established "purpose test." This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 18-May-2026

    To Be Mentioned

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Chaitali Chatterjee (Das)

  4. 15-May-2026

    To Be Mentioned

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Chaitali Chatterjee (Das)

  5. 14-May-2026

    To Be Mentioned

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  6. 08-May-2026

    Hon'ble Justice Rajarshi Bharadwaj,hon'ble Justice Uday KumarView PDF

  7. 08-May-2026

    To Be Mentioned

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  8. 07-May-2026

    To Be Mentioned

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  9. 04-May-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  10. 06-Apr-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  11. 02-Apr-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  12. 01-Apr-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  13. 31-Mar-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  14. 30-Mar-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  15. 02-Mar-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  16. 02-Feb-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  17. 05-Jan-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  18. 02-Jan-2026

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  19. 24-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  20. 23-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  21. 22-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  22. 19-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  23. 18-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  24. 17-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  25. 16-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  26. 15-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  27. 12-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  28. 11-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  29. 10-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  30. 09-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  31. 08-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  32. 05-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  33. 04-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  34. 03-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  35. 02-Dec-2025

    For Hearing - Income Tax Matters

    Hon'ble Justice Rajarshi Bharadwaj , Hon'ble Justice Uday Kumar

  36. 05-Aug-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Ajay Kumar Gupta

  37. 01-Jul-2024

    Hon'ble Justice Surya Prakash Kesarwani,hon'ble Justice Ajay Kumar GuptaView PDF

  38. 01-Jul-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Rajarshi Bharadwaj

  39. 13-May-2024

    Hon'ble Justice Surya Prakash Kesarwani,hon'ble Justice Rajarshi BharadwajView PDF

  40. 06-May-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Rajarshi Bharadwaj

  41. 01-Apr-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Rajarshi Bharadwaj

  42. 04-Mar-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Rajarshi Bharadwaj

  43. 05-Feb-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Rajarshi Bharadwaj

  44. 08-Jan-2024

    For Hearing

    Hon'ble Justice Surya Prakash Kesarwani , Hon'ble Justice Rajarshi Bharadwaj

  45. 10-Jul-2023

    For Hearing (Group-IV)

    Hon'ble Justice I. P. Mukerji , Hon'ble Justice Biswaroop Chowdhury

  46. 07-Jul-2023

    For Hearing (Group-IV)

    Hon'ble Justice I. P. Mukerji , Hon'ble Justice Biswaroop Chowdhury

  47. 06-Feb-2023

    Revenue / Tax Matters

    Hon'ble Justice T. S. Sivagnanam , Hon'ble Justice Hiranmay Bhattacharyya

  48. 03-Dec-2022

    Revenue / Tax Matters

    Hon'ble Justice T. S. Sivagnanam , Hon'ble Justice Hiranmay Bhattacharyya

  49. 02-Dec-2022

    For Hearing (Old Matter)

    Hon'ble Justice T. S. Sivagnanam , Hon'ble Justice Hiranmay Bhattacharyya

  50. 10-Mar-2021

    First hearing

    Initial hearing scheduled

  51. 28-Mar-2017

    Case filed

    Registration No. ITA/72/2018

casestatus.in Summary

Case Summary: ITA/72/2018 The High Court at Calcutta allowed Graphite India Limited's appeal, deciding two key tax issues in the assessee's favor. First, following the Supreme Court's Shital Fibers judgment, the court held that Section 80IA deductions need not be reduced when computing profits eligible for Section 80HHC deduction. Second, the court determined that sales-tax remission received under the West Bengal Incentive Scheme, 1993 constitutes a capital receipt (not revenue), as it was directly linked to capital investment for industrial expansion in backward areas, applying the established "purpose test." This case analysis is maintained by casestatus.in based on publicly available court records.

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