Arun Kala v. ACIT

17 SOT 15Income Tax Appellate Tribunal#16950 most cited
5

judgments rely on this decision, according to BharatTax’s citation analysis of 346,713 Indian tax judgments — from 2022 to 2022.

Issues it is cited on

section 33(4)unexplained jewellerystatement under section 132(4)section 69bamalgamationon-moneyincome-tax officersection 132(4)unexplained investmentunexplained cash creditassistant commissionerundisclosed income

Judgments citing Arun Kala v. ACIT

Apurva Avarsekar, Mumbai vs. ACIT Cent. Cir. 8(2) (Erstwhile ACIT, Cent. Cir. - 45), Mumbai

In the result, the appeals by the four assessees namely Mrs

ITA 720/MUM/2017[2012-13]Status: DisposedITAT Mumbai29 Apr 2022AY 2012-13

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Mrs. Shweta Avarsekar, Asst. Commissioner Of Income Tax, 1401, 14Th Floor, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aaepa 2258 E Appellant Respondent Assessment Year: 2012-13 Mrs. Pushpa Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, Pushpanjali Apartment, Central Circle-8(2), Mumbai Old Prabhadavi Road, Prabhadavi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aacpa 1273 F Appellant Respondent Assessment Year: 2012-13 Mr. Ashish Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, 1252, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Prabhadevi, Of Income Tax, Central Circle-45) Mumbai-400025. Pan No. Aaapa 6084 A Appellant Respondent Assessment Year: 2012-13

For Appellant: Mr. Apurv Gandhi, ARFor Respondent: Mr. Kishan Vyas, CIT-DR

…10 (Cochin) is distinguishable on facts in as much as in that case both undisclosed income were declared-in same year and there was subsequent investment again in same year so there is proximity of transactions. Similar were facts in case of Arun Kala vs ACIT 17 SOT 15(JP) 5. Admission made in statement under section 132(4) has great evidentiary value. The appellant surrendered income before the AO for which A did not proceed for any further enquiry and completed assessment by treating the amount offered in the return as unexplained investment under section 69B of the Act. The undisclosed income in the return wa…

Kishore Avarsekar, Mumbai vs. Asst CIT Cen Cir 8(2), Mumbai

In the result, the appeals by the four assessees namely Mrs

ITA 5469/MUM/2015[2012-13]Status: DisposedITAT Mumbai29 Apr 2022AY 2012-13

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Mrs. Shweta Avarsekar, Asst. Commissioner Of Income Tax, 1401, 14Th Floor, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aaepa 2258 E Appellant Respondent Assessment Year: 2012-13 Mrs. Pushpa Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, Pushpanjali Apartment, Central Circle-8(2), Mumbai Old Prabhadavi Road, Prabhadavi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aacpa 1273 F Appellant Respondent Assessment Year: 2012-13 Mr. Ashish Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, 1252, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Prabhadevi, Of Income Tax, Central Circle-45) Mumbai-400025. Pan No. Aaapa 6084 A Appellant Respondent Assessment Year: 2012-13

For Appellant: Mr. Apurv Gandhi, ARFor Respondent: Mr. Kishan Vyas, CIT-DR

…10 (Cochin) is distinguishable on facts in as much as in that case both undisclosed income were declared-in same year and there was subsequent investment again in same year so there is proximity of transactions. Similar were facts in case of Arun Kala vs ACIT 17 SOT 15(JP) 5. Admission made in statement under section 132(4) has great evidentiary value. The appellant surrendered income before the AO for which A did not proceed for any further enquiry and completed assessment by treating the amount offered in the return as unexplained investment under section 69B of the Act. The undisclosed income in the return wa…

Ashish Avarsekar, Mumbai vs. Asst CIT Cen Cir 8(2), Mumbai

In the result, the appeals by the four assessees namely Mrs

ITA 5468/MUM/2015[2012-13]Status: DisposedITAT Mumbai29 Apr 2022AY 2012-13

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Mrs. Shweta Avarsekar, Asst. Commissioner Of Income Tax, 1401, 14Th Floor, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aaepa 2258 E Appellant Respondent Assessment Year: 2012-13 Mrs. Pushpa Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, Pushpanjali Apartment, Central Circle-8(2), Mumbai Old Prabhadavi Road, Prabhadavi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aacpa 1273 F Appellant Respondent Assessment Year: 2012-13 Mr. Ashish Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, 1252, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Prabhadevi, Of Income Tax, Central Circle-45) Mumbai-400025. Pan No. Aaapa 6084 A Appellant Respondent Assessment Year: 2012-13

For Appellant: Mr. Apurv Gandhi, ARFor Respondent: Mr. Kishan Vyas, CIT-DR

…10 (Cochin) is distinguishable on facts in as much as in that case both undisclosed income were declared-in same year and there was subsequent investment again in same year so there is proximity of transactions. Similar were facts in case of Arun Kala vs ACIT 17 SOT 15(JP) 5. Admission made in statement under section 132(4) has great evidentiary value. The appellant surrendered income before the AO for which A did not proceed for any further enquiry and completed assessment by treating the amount offered in the return as unexplained investment under section 69B of the Act. The undisclosed income in the return wa…

Pushpa Avarsekar, Mumbai vs. Asst CIT Cen Cir 8(2), Mumbai

In the result, the appeals by the four assessees namely Mrs

ITA 5467/MUM/2015[2012-13]Status: DisposedITAT Mumbai29 Apr 2022AY 2012-13

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Mrs. Shweta Avarsekar, Asst. Commissioner Of Income Tax, 1401, 14Th Floor, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aaepa 2258 E Appellant Respondent Assessment Year: 2012-13 Mrs. Pushpa Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, Pushpanjali Apartment, Central Circle-8(2), Mumbai Old Prabhadavi Road, Prabhadavi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aacpa 1273 F Appellant Respondent Assessment Year: 2012-13 Mr. Ashish Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, 1252, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Prabhadevi, Of Income Tax, Central Circle-45) Mumbai-400025. Pan No. Aaapa 6084 A Appellant Respondent Assessment Year: 2012-13

For Appellant: Mr. Apurv Gandhi, ARFor Respondent: Mr. Kishan Vyas, CIT-DR

…10 (Cochin) is distinguishable on facts in as much as in that case both undisclosed income were declared-in same year and there was subsequent investment again in same year so there is proximity of transactions. Similar were facts in case of Arun Kala vs ACIT 17 SOT 15(JP) 5. Admission made in statement under section 132(4) has great evidentiary value. The appellant surrendered income before the AO for which A did not proceed for any further enquiry and completed assessment by treating the amount offered in the return as unexplained investment under section 69B of the Act. The undisclosed income in the return wa…

Shweta Avarsekar, Mumbai vs. Asst CIT Cen Cir 8(2), Mumbai

In the result, the appeals by the four assessees namely Mrs

ITA 5466/MUM/2015[2012-13]Status: DisposedITAT Mumbai29 Apr 2022AY 2012-13

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Mrs. Shweta Avarsekar, Asst. Commissioner Of Income Tax, 1401, 14Th Floor, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aaepa 2258 E Appellant Respondent Assessment Year: 2012-13 Mrs. Pushpa Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, Pushpanjali Apartment, Central Circle-8(2), Mumbai Old Prabhadavi Road, Prabhadavi, Vs. (Erstwhile, The Asst. Commissioner Mumbai-400025. Of Income Tax, Central Circle-45) Pan No. Aacpa 1273 F Appellant Respondent Assessment Year: 2012-13 Mr. Ashish Avarsekar, Asst. Commissioner Of Income Tax, 13Th Floor, 1252, Pushpanjali Central Circle-8(2), Mumbai Apartment, Old Prabhadevi, Vs. (Erstwhile, The Asst. Commissioner Prabhadevi, Of Income Tax, Central Circle-45) Mumbai-400025. Pan No. Aaapa 6084 A Appellant Respondent Assessment Year: 2012-13

For Appellant: Mr. Apurv Gandhi, ARFor Respondent: Mr. Kishan Vyas, CIT-DR

…10 (Cochin) is distinguishable on facts in as much as in that case both undisclosed income were declared-in same year and there was subsequent investment again in same year so there is proximity of transactions. Similar were facts in case of Arun Kala vs ACIT 17 SOT 15(JP) 5. Admission made in statement under section 132(4) has great evidentiary value. The appellant surrendered income before the AO for which A did not proceed for any further enquiry and completed assessment by treating the amount offered in the return as unexplained investment under section 69B of the Act. The undisclosed income in the return wa…

Arun Kala v. ACIT (17 SOT 15) — Cited in 5 Judgments | BharatTax