ACIT v. Biraj Investment Pvt. Ltd. (210 Taxmann 418)

JM FINANCIAL LTD,MUMBAI vs. DCIT 4(3), MUMBAI

The appeal of the assessee is allowed and the appeal of the revenue is dismissed

ITA 3987/MUM/2015[2008-09]Status: DisposedITAT Mumbai04 Aug 2023AY 2008-09

Bench: Shri Aby T Varkey () & Ms. Padmavathy S. ()

…1 ITAs 3925 & 3987/Mum/2015 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F”, MUMBAI BEFORE SHRI ABY T VARKEY (JUDICIAL MEMBER) AND MS. PADMAVATHY S. (ACCOUNTANT MEMBER) I.T.A. No.3987/Mum/2015 (Assessment year : 2008-09) M/s J.M. Financial Ltd vs Deputy Commissioner of Income-tax- 141, Maker Chambers, 11, Nariman 4(3)(1), Mumbai 6th Floor, Room No.649, Aayakar Point, Mumbai-400 021 PAN : AAACJ2590B Bhavan, Mumbai-400 APPELLANT RESPONDENT I.T.A. No.3925/Mum/2015 (Assessment year : 2008-09) Deputy Commissioner of Income-tax- vs M/s J.M. Financial Ltd 4(3)(1), Mumbai 141, Maker Chambers, 11, Nariman 6th Fl…

DCIT 4(3)(1), MUMBAI vs. J.M. FINANCIAL LTD, MUMBAI

The appeal of the assessee is allowed and the appeal of the revenue is dismissed

ITA 3925/MUM/2015[2008-09]Status: DisposedITAT Mumbai04 Aug 2023AY 2008-09

Bench: Shri Aby T Varkey () & Ms. Padmavathy S. ()

Section 143(3)

…1 ITAs 3925 & 3987/Mum/2015 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F”, MUMBAI BEFORE SHRI ABY T VARKEY (JUDICIAL MEMBER) AND MS. PADMAVATHY S. (ACCOUNTANT MEMBER) I.T.A. No.3987/Mum/2015 (Assessment year : 2008-09) M/s J.M. Financial Ltd vs Deputy Commissioner of Income-tax- 141, Maker Chambers, 11, Nariman 4(3)(1), Mumbai 6th Floor, Room No.649, Aayakar Point, Mumbai-400 021 PAN : AAACJ2590B Bhavan, Mumbai-400 APPELLANT RESPONDENT I.T.A. No.3925/Mum/2015 (Assessment year : 2008-09) Deputy Commissioner of Income-tax- vs M/s J.M. Financial Ltd 4(3)(1), Mumbai 141, Maker Chambers, 11, Nariman 6th Fl…

ACIT - 21(2), MUMBAI vs. KALPANA SHRIPAL MORAKHIA, MUMBAI

In the result, the appeal by the Revenue is dismissed

ITA 3003/MUM/2016[2010-11]Status: DisposedITAT Mumbai03 Apr 2023AY 2010-11

Bench: Shri Om Prakash Kant & Shri Sandeep Singh Karhail

For Appellant: Shri Hiro RaiFor Respondent: Shri Sandeep Raj

Section 143(3)Section 250Section 54F

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA no.3003/Mum./2016 (Assessment Year : 2010–11) Asstt. Commissioner of Income Tax ……………. Appellant Circle–21(3), Mumbai v/s Smt. Kalpana Shripal Morakhia 161, Starcity Entertainment 2nd Floor, Manmala Tank Road …………….Respondent Mahim (West), Mumbai 400 016 PAN – AFQPM9762E Assessee by : Shri Hiro Rai Revenue by : Shri Sandeep Raj Date of Hearing – 04/01/2023 Date of Order – 03/04/2023 O R D E R PER SANDEEP SINGH KARHAIL, J.M. The present appeal has been file…

MADHU SARDA,MUMBAI vs. ITO 19(2)(4), MUMBAI

In the result, the grounds of appeal raised by the

ITA 7410/MUM/2012[2006-07]Status: DisposedITAT Mumbai09 Mar 2018AY 2006-07

Bench: Shri B. R. Baskaran & Shri Pawan Singhin The Matter Of Mrs. Madhu Sarda , 38,Vikas Center, S.V. Road, Santacruz (West) Mumbai-400054 Pan: Aajps 5135R Appellant/ Assessee Versus Income Tax Officer, -19(4) Mumbai Respondent/ Revenue

For Respondent: Sh. V. Vidhyadhar (Sr.DR)

Section 143(3)Section 253Section 254(1)

…ITA No. 7410/M/2012 Madhu Sarda IN THE INCOME TAX APPELLATE TRIBUNAL, BENCH “B”, MUMBAI BEFORE SHRI B. R. BASKARAN, ACCOUNTANT MEMBER AND SHRI PAWAN SINGH, JUDICIAL MEMBER In the matter of Mrs. Madhu Sarda , 38,Vikas Center, S.V. Road, Santacruz (West) Mumbai-400054 PAN: AAJPS 5135R Appellant/ Assessee Versus Income Tax Officer, -19(4) Mumbai Respondent/ Revenue Assessee by Sh. Harish M. Kapadia : Advocate Revenue by : Sh. V. Vidhyadhar (Sr.DR) Date of hearing : 09.03.2018 Date of Pronouncement : 09.03.2018 Order Under Section 254(1) of Income Tax Act PER PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by…

M/S STYLISH CONSTRUCTION PVT. LTD. vs. DCIT, NEW DELHI

In the result, appeal of the assessee is partly allowed

ITA 2512/DEL/2013[2008-09]Status: DisposedITAT Delhi18 May 2017AY 2008-09

Bench: Shri H. S. Sidhu & Shri Prashant Maharishistylish Construction Pvt. Ltd, Dcit, 1027, Top Floor, Ward No. 8, Circle-9(1), Vs. Mehra Chowk, Mehrauli New Delhi Pan: Aaics4664H (Appellant) (Respondent)

For Appellant: Sh. Ashwani Kumar, CAFor Respondent: Sh. NK Bansal, Sr DR

Section 143(3)Section 14ASection 250Section 73

…d under the head „ capital gains‟, therefore the main income of the assessee is not business. Hence, according to him, explanation section 73 does not apply. He further relied on the decision in DCIT Vs. Jindal Export 101 ITD 129 and ACIT Vs. Viraj Investment 210 Taxmann 418. 7. The ld DR relied upon the orders of the lower authorities and vehemently contested that the transaction of the assessee is sham transaction by incurring loss of sale of shares and ld CIT(A) is correctly applied the explanation to section 73 of the Act holding it to be speculative in nature. 8. We have carefully considered the rival conten…

M/S. AAA PORTFOLIOS PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the assessee on ground no 1 & 2 is partly dismissed and partly allowed on ground no

ITA 2483/DEL/2014[2009-10]Status: DisposedITAT Delhi20 Jan 2016AY 2009-10

Bench: Sri J.Sudhaker Reddy, Am & Sri C.M.Garg, Jm Ita No. 2483/Del./2014 : Asstt. Year : 2009-10

For Appellant: Sh. R.M.Mehta, CAFor Respondent: Sh. Ashis Mohanty, Sr. DR

Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘A’, NEW DELHI Before Sri J.Sudhaker Reddy, AM And Sri C.M.Garg, JM ITA No. 2483/Del./2014 : Asstt. Year : 2009-10 AAA Portfolios Pvt. Ltd. Vs DCIT 202, 1st Floor, Okhla Indl. Circle-1(1) Estate, Phase-III New Delhi New Delhi (APPELLANT) (RESPONDENT) PAN No. AAACA1931B Appellant by : Sh. R.M.Mehta, CA Respondent by : Sh. Ashis Mohanty, Sr. DR Date of Hearing : 27.11.2015 Date of Pronouncement : 20.01.2016 ORDER PER C.M.Garg, J.M. This appeal has been filed by the assessee against the order of the CIT(A) – IV, New Delhi dated 13.01.2014 passed in appeal no.…