1. Reynolds Shirting Ltd. v. ACIT

285 Taxmann 554High Court2022#13971 most cited

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2022 to 2025.

Sections most often in play

Section 132(4)Section 148 Section 68 Section 133(6)Section 153C Section 147 Section 143(3)Section 132

Issues it is cited on

section 153c proceedings borrowed satisfaction income escaping assessment addition u/s 68 accommodation entry section 132(4)section 133 section 133(6)section 153c genuineness of the transaction section 132 section 153

Judgments citing 1. Reynolds Shirting Ltd. v. ACIT

SHRI SALASAR BALAJI DEVELOPERS PVT LTD ,JAIPUR vs. INCOME TAX OFFICER WARD 2(2) JAIPUR , JAIPUR

In the result, relevant grounds mentioned above are also allowed in toto

ITA 1188/JPR/2024[2016-2017]Status: DisposedITAT Jaipur24 Jul 2025AY 2016-2017

Bench: Shri Gagan Goyal & Shri Narinder Kumarshri Salasar Balaji Developers Private Limited, A-13-14, Shyam Nagar, Benar Road, Nadi Ka Phatak, Jhotwara, Jaipur 302012 Pan No. Aaics 7960C ...... Appellant Vs.

For Appellant: Mr. P. C. Parwal, C.A., Ld. ARFor Respondent: Mr. Manoj Kumar, JCIT, Ld. DR

Section 132Section 148Section 250Section 68Section 69C

…IN THE INCOME TAX APPELLATE TRIBUNAL JAIPUR BENCH “A”, JAIPUR BEFORE SHRI GAGAN GOYAL, ACCOUNTANT MEMBER AND SHRI NARINDER KUMAR, JUDICIAL MEMBER Shri Salasar Balaji Developers Private Limited, A-13-14, Shyam Nagar, Benar Road, Nadi Ka Phatak, Jhotwara, Jaipur 302012 PAN No. AAICS 7960C ...... Appellant Vs. Income Tax Officer, Ward-2(2), Jaipur …...Respondent Appellant by : Mr. P. C. Parwal, C.A., Ld. AR Respondent by : Mr. Manoj Kumar, JCIT, Ld. DR Date of hearing : 23/06/2025 Date of pronouncement : 24/07/2025 O R D E R PER GAGAN GOYAL, A.M: This appeal by the assessee is directed against the order of NF…

QUADEYE SECURITIES PVT. LTD.,KOLKATA vs. DCIT, CIR. 11(1), KOLKATA

In the result, the appeal of the assessee stands allowed

ITA 792/KOL/2024[2011-12]Status: DisposedITAT Kolkata07 Oct 2024AY 2011-12

Bench: Shri Sanjay Garg & Shri Rakesh Mishrai.T.A. No.792/Kol/2024 Assessment Year: 2011-12 Quadeye Securities Pvt. Ltd..………...........………………....Appellant 184, Harish Mukherjee Road, 1St Floor, Kolkata-700026. [Pan: Aabce7790H] Vs. Dcit, Circle-11(1), Kolkata….………….…............................…..…..... Respondent Appearances By: Shri A. K. Tibrewal, Fca, Appeared On Behalf Of The Assessee. Shri Vineet Kumar, Addl. Cit- Sr. Dr, Appeared On Behalf Of The Revenue. Date Of Concluding The Hearing : July 08, 2024 Date Of Pronouncing The Order : October 07, 2024 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 29.02.2024 Of The National Faceless Appeal Centre [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Assessee In This Appeal Is Aggrieved By The Action Of The Ld. Cit(A) In Confirming The Addition Made By The Assessing Officer On Account Of Disallowance Of Loss Of Rs.2,47,48,393/- Incurred By The Assessee In Commodities Dealing In National Multi Commodity Exchange Of India Limited (‘Nmce’) Platform & Further Making Addition Of Rs.4,92,263/- U/S 69C Of The Act On Account Of Alleged Commission That Might Have Been Paid By The Assessee In Booking The Aforesaid Bogus Loss In Commodity Trading.

Section 147Section 250Section 69C

…आयकर अपील"य अ"धकरण, कोलकाता पीठ, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH KOLKATA Before Shri Sanjay Garg, Judicial Member and Shri Rakesh Mishra, Accountant Member I.T.A. No.792/Kol/2024 Assessment Year: 2011-12 Quadeye Securities Pvt. Ltd..………...........………………....Appellant 184, Harish Mukherjee Road, 1st Floor, Kolkata-700026. [PAN: AABCE7790H] vs. DCIT, Circle-11(1), Kolkata….………….…............................…..…..... Respondent Appearances by: Shri A. K. Tibrewal, FCA, appeared on behalf of the assessee. Shri Vineet Kumar, Addl. CIT- Sr. DR, appeared on behalf of the Revenue. Date of concludi…

ASG CAPITAL SERVICE PVT LTD(NOW KNOWN AS M/S. ASG CAPITAL SERVICE LLP, HAVING PAN NO. ABCFA2143B) ,MATUNGA S.O vs. ITO CIRCLE-6(2)(1) MUMABI, AAYKAR BHAVAN

In the result, the appeals of the assessee in ITA Nos 2536, 2537 &

ITA 2542/MUM/2023[2014-2015]Status: DisposedITAT Mumbai28 Aug 2024AY 2014-2015

Bench: Shri Anikesh Banerjeeand Shri Gagan Goyal

For Appellant: Shri Nishit Gandhi, AdvocateFor Respondent: Shri Manoj Kumar Sinha (SR. DR)

Section 133(6)Section 143(3)Section 148Section 250Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI ANIKESH BANERJEE, JUDICIAL MEMBERAND SHRI GAGAN GOYAL, ACCOUNTANT MEMBER I.T.A No.2536/Mum/2023 - 2014-15 I.T.A No.2537/Mum/2023 - 2013-14 I.T.A No.2538/Mum/2023 - 2010-11 I.T.A No.2542/Mum/2023 - 2014-15 M/s ASG Capital Service vs ITO, Circle-6(1)(3), Mumbai Pvt.Ltd (Nowknown as M/s ASG Capital Service LLP), 1601, Rasik Villa, 54, Vinay Oza Marg, Matunga Central Matunga S.O., Mumbai-400 019 PAN : AAFCA0896E APPELLANT RESPONDENT Assessee by : Shri Nishit Gandhi, Advocate Respondent by : Shri Manoj Kumar Sinha (SR. DR) Date of hearing :…

ASG CAPITAL SERVICE PVT LTD(NOW KNOWN AS M/S. ASG CAPITAL SERVICE LLP, HAVING PAN NO. ABCFA2143B) ,MATUNGA S.O vs. ITO- CIRCLE 6(1)(1), AAYKAR BHAVAN

In the result, the appeals of the assessee in ITA Nos 2536, 2537 &

ITA 2538/MUM/2023[2010-2011]Status: DisposedITAT Mumbai28 Aug 2024AY 2010-2011

Bench: Shri Anikesh Banerjeeand Shri Gagan Goyal

For Appellant: Shri Nishit Gandhi, AdvocateFor Respondent: Shri Manoj Kumar Sinha (SR. DR)

Section 133(6)Section 143(3)Section 148Section 250Section 68

ASG CAPITAL SERVICE PVT LTD(NOW KNOWN AS M/S. ASG CAPITAL SERVICE LLP, HAVING PAN NO. ABCFA2143B) ,MATUNGA S.O vs. ITO- CIRCLE -6(1)(1)-MUMBAI, AAYKAR BHAVAN

ITA 2537/MUM/2023[2013-14]Status: DisposedITAT Mumbai28 Aug 2024AY 2013-14

Bench: Shri Anikesh Banerjeeand Shri Gagan Goyal

For Appellant: Shri Nishit Gandhi, AdvocateFor Respondent: Shri Manoj Kumar Sinha (SR. DR)

Section 133(6)Section 143(3)Section 148Section 250Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI ANIKESH BANERJEE, JUDICIAL MEMBERAND SHRI GAGAN GOYAL, ACCOUNTANT MEMBER I.T.A No.2536/Mum/2023 - 2014-15 I.T.A No.2537/Mum/2023 - 2013-14 I.T.A No.2538/Mum/2023 - 2010-11 I.T.A No.2542/Mum/2023 - 2014-15 M/s ASG Capital Service vs ITO, Circle-6(1)(3), Mumbai Pvt.Ltd (Nowknown as M/s ASG Capital Service LLP), 1601, Rasik Villa, 54, Vinay Oza Marg, Matunga Central Matunga S.O., Mumbai-400 019 PAN: AAFCA0896E APPELLANT RESPONDENT Assessee by : Shri Nishit Gandhi, Advocate Respondent by : Shri Manoj Kumar Sinha (SR. DR) Date of hearing : 13/08…

ASG CAPITAL SERVICE PVT LTD(NOW KNOWN AS M/S. ASG CAPITAL SERVICE LLP, HAVING PAN NO. ABCFA2143B) ,MATUNGA S.O vs. ITO- CIRCLE 6(1)(1) MUMBAI, AAYKAR BHAVAN

In the result, the appeals of the assessee in ITA Nos 2536, 2537 &

ITA 2536/MUM/2023[2014-15]Status: DisposedITAT Mumbai28 Aug 2024AY 2014-15

Bench: Shri Anikesh Banerjeeand Shri Gagan Goyal

For Appellant: Shri Nishit Gandhi, AdvocateFor Respondent: Shri Manoj Kumar Sinha (SR. DR)

Section 133(6)Section 143(3)Section 148Section 250Section 68

NOBLE TRADELINK PRIVATE LIMITED,JAIPUR vs. WARD 1(5), JAIPUR, JAIPUR

In the result, both the appeals of the assessee are partly allowed

ITA 302/JPR/2021[2012-13]Status: DisposedITAT Jaipur10 Oct 2022AY 2012-13

For Appellant: Shri P.C. Parwal, CAFor Respondent: Smt. Monisha Choudhary, JCIT-DR

Section 148Section 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”A” JAIPUR Jh lanhi xkslkbZ] U;kf;d lnL; ,oa Mk0 ehBk yky ehuk] ys[kk lnL; ds le{k BEFORE: SHRI SANDEEP GOSAIN, JM & DR MEETHA LAL MEENA, AM vk;dj vihy la-@ITA No. 302 & 303/JP/2021 fu/kZkj.k o"kZ@Assessment Year : 2012-13 & 2013-14 M/s. Noble Tradelink Private Ltd. cuke The ITO Vs. 476, Govind Raoji Ka Rasta Ward 1(5) Chandpol Bazar, Jaipur Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCN 6092 K vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@Assessee by : Shri P.C. Parwal, CA jktLo dh vksj ls@Re…