Agro Portfolio Private Limited v. PCIT

161 Taxmann.com 303High Court2024#13876 most cited
7

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2024 to 2025.

Sections most often in play

Section 56(2)(viib)Section 11UASection 11UA(2)Section 143(3)Section 43Section 50B(3)Section 56(2)(vii)Section 56(2)(viia)

Issues it is cited on

nav methoddcf methodsection 56(2)(viib)valuation of sharessection 56(2)fair market valuesection 56capital expenditureincome from other sourcesprescribedcompanytransfer

Judgments citing Agro Portfolio Private Limited v. PCIT

IDEAFORGE TECHNOLOGY LTD,MAHAPE vs. ACIT, CIRCLE 15(2)(1), MUMBAI, MUMBAI

The appeal of the assessee is allowed

ITA 867/MUM/2025[2017-18]Status: DisposedITAT Mumbai26 Sept 2025AY 2017-18

Bench: Shri Narender Kumar Choudhry & Smt. Renu Jauhriआयकर अपील सं./Ita No. 867/Mum/2025 (निर्धारण वर्ा / Assessment Year: 2017-18) Ideaforge Technology V/S. Assistant Commissioner Ltd. बिधम Of Income Tax, Circle El-146, Ttc Industrial 15(2)(1), Mumbai Area, Electronic Zone, Room No. 357, 3Rd Floor, Midc, Mahape, Navi Aayakar Bhavan, Maharshi Mumbai Karve Road, Mumbai 400020 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No: Aabci6495B Appellant/अपीलधथी .. Respondent/प्रनिवधदी निर्धाररिी की ओर से /Assessee By: Shri Subodh Ratnaparkhi Shri. Leyaqat Ali Aafaqui (Sr Dr) रधजस्व की ओर से /Revenue By: सुिवधई की िधरीख / Date Of Hearing 22.08.2025 घोर्णध की िधरीख/Date Of Pronouncement 26.09.2025 आदेश / O R D E R Per Renu Jauhri [A.M.] :- This Appeal Is Filed By The Assessee Against The Order Of The National Faceless Appeal Centre (Nfac), Delhi [Cit(A)] Dated 11.12.2024, Passed U/S. 250 Of The Income-Tax Act, 1961 [Hereinafter Referred To As “Act”] For Assessment Year [A.Y.] 2017-18. 2. The Assessee Has Raised The Following Grounds Of Appeal: “On The Facts & In Law, 1. The Hon. Cit(A) Erred In Upholding The Action Of The Id Ao In Making Addition Of Rs. 6,60,02,100/- By Relying Upon The Provisions Of Section 56(2)(Viib) Of The It Act, 1961 On The Ground That The Consideration Received By The Appellant For Issue Of P A G E | 2

For Appellant: Shri Subodh Ratnaparkhi
Section 143(3)Section 250Section 56(2)(viIb)Section 56(2)(viib)

…IN THE INCOME-TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SMT. RENU JAUHRI, ACCOUNTANT MEMBER आयकर अपील सं./ITA No. 867/MUM/2025 (निर्धारण वर्ा / Assessment Year: 2017-18) Ideaforge Technology v/s. Assistant Commissioner Ltd. बिधम of Income Tax, Circle EL-146, TTC Industrial 15(2)(1), Mumbai Area, Electronic Zone, Room NO. 357, 3rd Floor, MIDC, Mahape, Navi Aayakar Bhavan, Maharshi Mumbai Karve Road, Mumbai 400020 स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No: AABCI6495B Appellant/अपीलधथी .. Respondent/प्रनिवधदी निर्धाररिी की ओर से /Assessee by: Shri Subodh Ratnaparkhi…

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 6 1 1 , MUMBAI vs. DLK COMMERCIAL PRIVATE LIMITED, MUMBAI

In the result, the appeal of the Revenue is allowed

ITA 864/MUM/2024[2014-15]Status: DisposedITAT Mumbai10 Feb 2025AY 2014-15

Bench: Justice (Retd.) Shri C.V. Bhadang & Shri B.R. Baskaranassessment Year : 2014-15

For Appellant: Shri Satish ModiFor Respondent: Smt. Sanyogita Nagpal, CIT-DR
Section 56(2)(via)Section 56(2)(viia)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “D”, MUMBAI BEFORE JUSTICE (RETD.) SHRI C.V. BHADANG, PRESIDENT AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER Assessment Year : 2014-15 Asst. Commissioner of M/s. DLK Commercial Pvt. Ltd., Income Tax-6(1)(1), 2nd Floor, 5th Floor, vs. Plot No. 152, Aayakar Bhavan, Ramanuj Road No. 9, M.K. Road, Wadala (E), Mumbai Mumbai PAN : AADCD1820B (Appellant) (Respondent) For Assessee : Shri Satish Modi For Revenue : Smt. Sanyogita Nagpal, CIT-DR Date of Hearing : 10-02-2025 Date of Pronouncement : 10-02-2025 O R D E R PER B.R. BASKARAN, A.M : The Revenue has filed this a…

SPL INFRASTRUCTURE PVT. LT,ALWARPET, CHENNAI vs. ITO, CORPORATE CIRCLE 6(1), CHENNAI

ITA 325/CHNY/2023[2018-19]Status: DisposedITAT Chennai29 Nov 2024AY 2018-19

Bench: Shri S.S. Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./I.T.A. No.325/Chny/2023 िनधा"रण वष"/Assessment Year: 2018-19 Spl Infrastructure Pvt. Ltd., Vs. The Income Tax Officer, 15, Kasturi Rangan Road, Corporate Circle – 6(1), Alwarpet, Chennai 600 018. Chennai. [Pan: Aaics0881N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N. Arjun Raj, Advocate ""थ" की ओर से/Respondent By : Ms. Gouthami Manivasagam, Jcit सुनवाई की तारीख/ Date Of Hearing : 08.10.2024 घोषणा की तारीख /Date Of Pronouncement : 29.11.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 06.03.2023 Passed By The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi For The Assessment Year 2018-19. 2. The Assessee Raised 11 Grounds Of Appeal. The Ld. Ar Shri N. Arjun Raj, Advocate, Drew Our Attention To Ground No. 11 & Submits That This Matter Requires To Be Remanded To The File Of The Assessing

For Appellant: Shri N. Arjun Raj, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT
Section 56Section 56(2)(viib)

…आयकर अपीलीय अिधकरण, ’बी’ "ायपीठ, चे"ई IN THE INCOME-TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI "ी एस.एस. िव"ने" रिव, "ाियक सद" एवं "ी अिमताभ शु"ा, लेखा सद" के सम" Before Shri S.S. Viswanethra Ravi, Judicial Member & Shri Amitabh Shukla, Accountant Member आयकर अपील सं./I.T.A. No.325/Chny/2023 िनधा"रण वष"/Assessment Year: 2018-19 SPL Infrastructure Pvt. Ltd., Vs. The Income Tax Officer, 15, Kasturi Rangan Road, Corporate Circle – 6(1), Alwarpet, Chennai 600 018. Chennai. [PAN: AAICS0881N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant by : Shri N. Arjun Raj, Advocate ""थ" की ओर से/Respondent by :…

G S FARM TAAZA PRODUCE PRIVATE LIMITED.,,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, (OSD), RANGE-3(1), BENGALURU

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 1255/BANG/2024[2016-17]Status: DisposedITAT Bangalore26 Nov 2024AY 2016-17

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2016-17

For Appellant: Shri BS Balachandran, AdvocateFor Respondent: Shri V Parithivel, JCIT (DR)
Section 154Section 250Section 56(2)(viib)

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER Assessment Year: 2016-17 The Dy. Commissioner of GS Farm Taaza Produce Pvt. Ltd., Vs. 93/A, 4th B Cross, 5th Block, Income Tax (OSD), Range – 3(1), Koramangala Industrial Area, Bengaluru. Bengaluru – 560 095. . PAN – AAGCG 0247 A APPELLANT RESPONDENT Assessee by : Shri BS Balachandran, Advocate Revenue by : Shri V Parithivel, JCIT (DR) Date of hearing : 09.10.2024 Date of Pronouncement : 26.11.2024 O R D E R PER WASEEM AHMED, ACCOUNTANT MEMBER: This is an appeal fil…

DHOLA INFRA PROJECTS LIMITED (FORMERLY KNOWN AS NAVAYUGA DHOLA INFRA PROJECTS LIMITED),MUMBAI vs. ACIT., CIRCLE-16(1), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 800/HYD/2024[2016-17]Status: DisposedITAT Hyderabad17 Oct 2024AY 2016-17

Bench: Shri Laliet Kumar, Hon’Bleassessment Year – 2016-17 Dhola Infra Projects Limited Vs. Asst.Commissioner Of Tax (Formerly Known As Navayuga Circle-16(1) Dhola Infra Projects Limited Hyderabad Mumbai Pan : Aadcn3696B (Appellant) (Respondent) Assessee By: Shri Paras S.Savla, Ld.Ar (Through Virtual Hearing) Revenue By: Shri U Mini Chandran, Ld.Dr Date Of Hearing: 17.10.2024 Date Of Pronouncement: 17.10.2024

For Appellant: Shri Paras S.Savla, Ld.ARFor Respondent: Shri U Mini Chandran, Ld.DR
Section 234DSection 244ASection 56(2)(viib)

…आयकर अपीलीय अधिकरण, हैदराबाद पीठ में IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “SMC” , HYDERABAD BEFORE SHRI LALIET KUMAR, HON’BLE JUDICIAL MEMBER Assessment Year – 2016-17 Dhola Infra Projects Limited Vs. Asst.Commissioner of Tax (Formerly Known as Navayuga Circle-16(1) Dhola Infra Projects Limited Hyderabad Mumbai PAN : AADCN3696B (Appellant) (Respondent) Assessee by: Shri Paras S.Savla, Ld.AR (Through Virtual Hearing) Revenue by: Shri U Mini Chandran, Ld.DR Date of hearing: 17.10.2024 Date of pronouncement: 17.10.2024 O R D E R PER LALIET KUMAR, J.M. This appeal is filed by the assessee, feeling…

PATHFINDER PUBLISHING PRIVATE LIMITED,HYDERABAD vs. ACIT., CIRCLE -16(2), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 39/HYD/2024[2017-18]Status: DisposedITAT Hyderabad31 Jul 2024AY 2017-18

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

For Appellant: Shri S.K. Gupta, AdvocateFor Respondent: : Ms. TH Vijaya Lakshmi, CIT-DR
Section 143(3)Section 56(2)(viib)

…आआआआ आआआआआआ आआआआआआ, आआआआआआआआ आआआ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘A’ Bench, Hyderabad BEFORE SHRI LALIET KUMAR, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आ.अपी.सं /ITA No.39/Hyd/2024 & SA 9/Hyd/2024 (निर्धारण वर्ा/Assessment Year:2017-18) M/s. Pathfinder Publishing Pvt. Asst. Commissioner of Income Tax, Vs. Circle-16(2), Hyderabad. Ltd., Hyderabad. PAN : AAECP6764F (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee by: Shri S.K. Gupta, Advocate रधजस् व द्वधरध/Revenue by:: Ms. TH Vijaya Lakshmi, CIT-DR सुिवधई की तधरीख/Date of hearing: 11/07/2024 घोर्णध की तधरीख/Pronouncement…

DCIT-CC-5(3), MUMABI, MUMBAI vs. JWL COLD STORE PRIVATE LIMITED , PANVEL , MAHARASHTRA

In the result, appeal of the revenue is dismissed

ITA 3098/MUM/2023[2014-15]Status: DisposedITAT Mumbai31 Jul 2024AY 2014-15

Bench: Shri Pavan Kumar Gadale, Hon’Ble & Shri Girish Agrawal, Hon’Ble

For Appellant: Shri Satish Mody, A/RFor Respondent: Ms. Rajeshwari Menon, Sr. D/R
Section 115JSection 143(3)Section 56(2)(viib)

…| | आयकर अपील"य अ"धकरण "यायपीठ, मुंबई | | | IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI PAVAN KUMAR GADALE, HON’BLE JUDICIAL MEMBER & SHRI GIRISH AGRAWAL, HON’BLE ACCOUNTANT MEMBER I.T.A. No. 3098/Mum/2023 Assessment Year: 2014-15 DCIT – CC, 5(3), Mumbai JWL Cold Store Private Vs Limited, Panvel Air India Building 19th Floor, Room No. 1906 Nariman Point Mumbai - 400021 [PAN: AACCJ8416G] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shri Satish Mody, A/R Revenue by : Ms. Rajeshwari Menon, Sr. D/R सुनवाई क" तार"ख/Date of Hearing : 05/06/2024 घोषणा क" तार"ख /Date of Pronouncement:…