CIT-I v. Maheshchandra G. Vakil

40 Taxmann.com 326High Court2013#1633 most cited

What is CIT-I v. Maheshchandra G. Vakil authority for?

An Assessing Officer is not justified in treating capital gain from the sale of shares as unexplained cash credit when the assessee proves the genuineness of share transactions with contract notes, broker's bank statements, DMAT accounts, and stock exchange abstracts.

69

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2017 to 2026.

Also referred to as

CIT v. Maheshchandra G. Vakil · Section 68 · Section 10(38) · genuineness of share transactions · long term capital gain · bogus LTCG · unexplained cash credit · DMAT accounts · contract notes

Sections most often in play

Section 68Section 143(3)Section 10(38)Section 147Section 148Section 133(6)Section 132(4)Section 142(1)

Issues it is cited on

price riggingbogus long term capital gainpenny stockbogus ltcgsection 10(38)entry operatorlong term capital gainsaccommodation entrylong term capital gaingenuineness of the transactionsection 10unexplained cash credit

Judgments citing CIT-I v. Maheshchandra G. Vakil

Heena Nilesh Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7930/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7930/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Heena Nilesh Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers Garodiya Nagar, Ghatkopar (E) Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Agzpk-8463-C (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Heena Nilesh Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7930/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Heena Nilesh Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers Garodiya Nagar, Ghatkopar (E) Air India Building Vs. Mumbai-400 077 Nariman P…

Jitendra Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7928/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7928/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7929/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Jitendra Vasantlal Kikavat Dcit-Cc 3(4), बिाम 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building / Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-6316-J (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 148Section 68Section 69C

…1 Shri Jitendra Vasantlal Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7928/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7929/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Jitendra Vasantlal Kikavat DCIT-CC 3(4), बिाम 1915, 19t…

Pawan Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7927/MUM/2019[2013-14]Status: DisposedITAT Mumbai17 Dec 2021AY 2013-14

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7927/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Shri Pawan Vasantlal Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-6311-R (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Shri Pawan Vasantlal Kikavat Assessment Year: 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7927/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Shri Pawan Vasantlal Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077…

Beena Jitendra Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7926/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7926/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Beena Jitendra Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Agfpk-4477-Q (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Beena Jitendra Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7926/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Beena Jitendra Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nar…

Akshita Pankaj Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7925/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7925/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Akshita Pankaj Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aggpk-1141-G (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Akshita Pankaj Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7925/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Akshita Pankaj Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nar…

Nilesh Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7923/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7923/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7924/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Nilesh Vasantlal Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-2207-J (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 148Section 68Section 69C

…1 Shri Nilesh Vasantlal Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7923/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7924/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Nilesh Vasantlal Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th f…

Vasantlal Nyalchand Kikvat Through L/H Pankaj V Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7921/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7921/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & आिकरअपील िं./ I.T.A. Nos.7922/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Vasantlal Nyalchand Kikavat Dcit-Cc 3(4), 1915, 19Th Floor (Through L/H Shri Pankaj V.Kikavat) बिाम/ 1201, D-Wing, Kukreja Towers, Air India Building Vs. Garodiya Nagar, Ghatkopar (E), Nariman Point Mumbai-400 077 Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-6317-K (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Sr. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. Sr. DR
Section 143(3)Section 68

…1 Shri Vasantlal Nyalchand Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7921/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & आिकरअपील िं./ I.T.A. Nos.7922/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Vasantlal Nyalchand Kikavat DCIT-CC 3(4), 1915, 19th floor (…

Pankaj Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7919/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7919/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7920/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Pankaj Vasantlal Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Agzpk-8464-F (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR
Section 10(38)Section 143(3)Section 148Section 68Section 69C

…1 Shri Pankaj Vasantlal Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7919/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7920/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Pankaj Vasantlal Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th f…

Jt. CIT (OSD), CC-7(1), Mumbai vs. M/S Hillview Impex Pvt. Ltd, Mumbai

The appeal of the revenue is dismissed

ITA 774/MUM/2019[2014-15]Status: DisposedITAT Mumbai29 Sept 2021AY 2014-15

Bench: Shri S.Rifuar Rahman () & Shri Ravish Sood () Jt. Commissioner Of Income Tax M/S Hillview Impex Pvt. Ltd. (Osd), Central Circle-7(1) Vs. 118/120, 3Rd Floor, Ashok R. No. 676B, 6Th Floor, Aayakar House, Opp. Khara Kuwa, Bhavan, M.K. Road, Zaveri Bazar, Mumbai – 400 020 Mumbai – 400 002 Pan No. Aacch2338F (Revenue) (Assessee) Assessee By : Shri Vivek Shah, A.R Revenue By : Shri Gurbinder Singh, D.R Date Of Hearing : 12/08/2021 Date Of Pronouncement : 29/09/2021

For Appellant: Shri Vivek Shah, A.RFor Respondent: Shri Gurbinder Singh, D.R
Section 143(2)Section 143(3)Section 68

…ITA No.774/Mum/2019 A.Y.2014-15 1 Jt. Commissioner of Income Tax (OSD), CC-7(1) Vs. M/s Hillview Impex Pvt. Ltd. IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “H” MUMBAI BEFORE SHRI S.RIFUAR RAHMAN (ACCOUNTANT MEMBER) AND SHRI RAVISH SOOD (JUDICIAL MEMBER) Jt. Commissioner of Income Tax M/s Hillview Impex Pvt. Ltd. (OSD), Central Circle-7(1) Vs. 118/120, 3rd Floor, Ashok R. No. 676B, 6th Floor, Aayakar House, Opp. Khara Kuwa, Bhavan, M.K. Road, Zaveri Bazar, Mumbai – 400 020 Mumbai – 400 002 PAN No. AACCH2338F (Revenue) (Assessee) Assessee by : Shri Vivek Shah, A.R Revenue by : Shri Gurbinder Singh, D.R…

Jagdish B. Prajapati (HUF), Mumbai vs. ACIT-24(2), Mumbai

The appeal stand allowed

ITA 548/MUM/2019[2014-15]Status: DisposedITAT Mumbai17 Jun 2021AY 2014-15

Bench: Hon’Ble Shri C.N. Prasad, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकर अपील सं./ I.T.A. No.548/Mum/2019 (िनधा"रण वष" / Assessment Year: 2014-15) Jagdish B. Prajapati (Huf) Acit-24(2) बनाम/ 6Th Floor, Piramal Chambers 311B, Urmila Chs Ltd., Kol Dongri Sahar Road, Andheri (E) Lalbaug, Parel Vs. Mumbai – 400 069 Mumbai - 400012 Pan No. : Aaehj-9503-P (अपीलाथ"/Appellant) (""थ" / Respondent) : Assessee By : Shri Neelkanth Khandelwal-Ld. Ar Revenue By : Ms. Usha Gaikwad – Ld. Sr. Dr सुनवाई की तारीख/ : 03/05/2021 Date Of Hearing घोषणा की तारीख / : 17/06/2021 Date Of Pronouncement आदेश / O R D E R

For Appellant: Shri Neelkanth Khandelwal-Ld. ARFor Respondent: Ms. Usha Gaikwad – Ld. Sr. DR
Section 10(38)Section 143(3)Section 68Section 69C

…1 Jagdish B.Prajapati (HUF) Assessment Year: 2014-15 आयकर अपीलीय अिधकरण “एफ” "ायपीठ मुंबई म"। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय "ी छ"ला नागे"" "साद, "ाियक सद" एवं माननीय "ी मनोज कुमार अ"वाल ,लेखा सद" के सम"। BEFORE HON’BLE SHRI C.N. PRASAD, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing Through Video Conferencing Mode) आयकर अपील सं./ I.T.A. No.548/Mum/2019 (िनधा"रण वष" / Assessment Year: 2014-15) Jagdish B. Prajapati (HUF) ACIT-24(2) बनाम/ 6th Floor, Piramal Chambers 311B, Urmila CHS Ltd., Kol Dongri Sahar Road, Andheri (E) Lalbaug, Parel Vs. Mumbai – 400 069 Mumbai - 400012 PAN…

DCIT CC 8(1), Mumbai vs. M/S Jainam Investments, Mumbai

In the result, appeals filed by the revenue are hereby dismissed

ITA 4474/MUM/2019[2016-17]Status: DisposedITAT Mumbai25 Feb 2021AY 2016-17
For Appellant: Shri Suchek Anchaliya (AR)For Respondent: Shri Rahul Raman (DR)
Section 143(1)Section 148Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI RAJESH KUMAR, AM AND SHRI AMARJIT SINGH, JM आयकर अपील सं/ I.T.A. Nos. 4286 & 4474/Mum/2019 (निर्धारण वर्ा / Assessment Years: 2011-12 & 2016-17) DCIT, CC-8(1) बिधम/ M/s. Jainam Investments 11A, 5th Floor, Rockside Aayakar Bhavan, M. K. Vs. Road, Mumbai-400020. Apartment, A Wing, Walkeshwar Road, Mumbai- 400009. स्थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAHFJ1230A (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Revenue by: Shri Rahul Raman (DR) Assessee by: Shri Suchek Anchaliya (AR) सुनवाई की तारीख / Date of Hearing: 16/02/2021 घोषणा की तारीख /D…

M/S. Om Prakash Badaya (HUF), Jaipur vs. Pr.CIT, Alwar

In the result, the appeal filed by the assessee is allowed

ITA 217/JPR/2020[2015-16]Status: DisposedITAT Jaipur13 Nov 2020AY 2015-16
For Appellant: Shri Manish Agrawal (AR)For Respondent: Shri A.S. Nehra (ACIT-DR)
Section 10(38)Section 143(3)Section 263

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR BEFORE: SHRI KUL BHARAT, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No.217/JP/2020 fu/kZkj.k o"kZ@Assessment Year : 2015-16 cuke Shri Om Prakash Badaya, Pr. CIT Vs. HUF, Alwar 42, Agrasen Nagar, Jaipur LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABHO0013L vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@Assessee by:Shri Manish Agrawal (AR) jktLo dh vksj ls@ Revenue by : Shri A.S. Nehra (ACIT-DR) lquokbZ dh rkjh[k@ Date of Hearing : 19/11/2020 mn?kks"k.kk dh rkjh[k@ Date of Pronouncement…

Rohit Jalan, Kolkata vs. ITO, Ward - 36(1), Kolkata

In the result, the appeal of assessee is partly allowed

ITA 2205/KOL/2018[2013-14]Status: DisposedITAT Kolkata17 May 2019AY 2013-14

Bench: Shri A. T. Varkey, Jm] I.T.A. No. 2205/Kol/2018 Assessment Year: 2013-14

Section 10(38)Section 143(1)Section 147Section 148Section 68Section 69C

…1 Rohit Jalan, AY- 2013-14 IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH, “SMC” AT KOLKATA (सम") "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri A. T. Varkey, JM] I.T.A. No. 2205/Kol/2018 Assessment Year: 2013-14 Rohit Jalan Vs. ITO, Ward-36(1), Kolkata. (PAN: AEZPJ1210L) Appellant Respondent Date of Hearing 20.02.2019 Date of Pronouncement 17.05.2019 For the Appellant Shri S. M. Surana, Advocate For the Respondent Shri Robin Choudhury, ACIT, Sr. DR ORDER This is an appeal preferred by the Assessee against the order of Ld. CIT(A) – 10, Kolkata dated 19.09.2018 for Assessment Year 2013-14. 2. Though the as…

Sri Kush Nahata, Kolkata vs. ITO, Ward - 35(3), Kolkata

ITA 1899/KOL/2018[2014-15]Status: DisposedITAT Kolkata08 May 2019AY 2014-15

Bench: Shri S.S.Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1899/Kol/2018 (िनधा"रणवष" / Assessment Year: 2014-15) Shri Kush Nahata Vs. Ito, Ward-35(3), Kolkata

For Appellant: Shri Sunil Surana, FCAFor Respondent: Shri Robin Choudhury, Addl. CIT DR
Section 10(38)Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “C”, BENCH KOLKATA BEFORE SHRI S.S.GODARA, JM &DR. A.L.SAINI, AM आयकरअपीलसं./ITA No.1899/Kol/2018 (िनधा"रणवष" / Assessment Year: 2014-15) Shri Kush Nahata Vs. ITO, Ward-35(3), Kolkata 1st Floor, Jyoti Chhaya, 121, Rashbehari Avenue, Gariahat, Kolkata-700029 "थायीलेखासं./जीआइआरसं./PAN/GIR No. : ADDPN 1413 C (Appellant) .. (Respondent) Appellant by : Shri Sunil Surana, FCA Respondent by :Shri Robin Choudhury, Addl. CIT DR सुनवाईकीतारीख/ Date of Hearing : 23/04/2019 घोषणाकीतारीख/Date of Pronouncement : 08/05/2018 आदेश / O R D E R Per Dr. Arjun Lal Saini, AM: The captioned…

M/S Bihari Lal Malpani, Kolkata vs. ITO, Ward 43(1), Kolkata

In the result, the appeal of the assessee is allowed

ITA 527/KOL/2017[2013-14]Status: DisposedITAT Kolkata05 Apr 2019AY 2013-14

Bench: Shri Aby. T. Varkey & Shri M. Balaganeshi.T.A. No.527/Kol/2017 (Assessment Year 2013-14) M/S Bihari Lal Malpani Ito, Ward-43(1), Kolkata. -Vs- [Pan :Adupm 6438 R]

Section 10(38)Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL Kolkata Bench, Kolkata (Bench – “C”) BEFORE SHRI ABY. T. VARKEY, JUDICIAL MEMBER AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER I.T.A. No.527/Kol/2017 (Assessment year 2013-14) M/s Bihari Lal Malpani ITO, Ward-43(1), Kolkata. -Vs- [PAN :ADUPM 6438 R] (Appellant) .. (Respondent) For the Appellant Shri Subash Agarwal, Advocate For the Respondent Shri Sankar Halder, JCIT, Sr. DR. Date of Hearing 02.04.2019 Date of Pronouncement 05.04.2019 ORDER Per M. Balaganesh: This appeal of the assessee arises out of the order of the Learned Commissioner of Income Tax (Appeals) -13, Kolkata […

Hari Ram Agarwal, Kolkata vs. ITO, Ward - 22(4), Kolkata

In the result, the appeal of the assessee is allowed

ITA 2363/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri Aby. T. Varkey & Shri M. Balaganeshi.T.A. No.2363/Kol/2018 (Assessment Year 2014-15) Hari Ram Agarwal Ito, Ward-22(4), Kolkata. -Vs- [Pan :Acdpa 1946 N]

Section 10(38)Section 133(6)Section 143(3)Section 234ASection 68

…IN THE INCOME TAX APPELLATE TRIBUNAL Kolkata Bench, Kolkata (Bench – “B”) BEFORE SHRI ABY. T. VARKEY, JUDICIAL MEMBER AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER I.T.A. No.2363/Kol/2018 (Assessment year 2014-15) Hari Ram Agarwal ITO, Ward-22(4), Kolkata. -Vs- [PAN :ACDPA 1946 N] (Appellant) .. (Respondent) For the Appellant Shri M. D. Shah, AR For the Respondent Shri Robin Choudhury, Addl. CIT- Sr. DR. Date of Hearing 28.03.2019 Date of Pronouncement 03.04.2019 ORDER Per M. Balaganesh: This appeal of the assessee arises out of the order of the Learned Commissioner of Income Tax (Appeals) -6, Kolkata [ in sho…

Smt. Sushila Devi Kajaria, Kolkata vs. ACIT, Circle - 36, Kolkata

ITA 1255/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri S.S, Godara

Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH “SMC” KOLKATA Before Shri S.S, Godara, Judicial Member ITA No.1254-1255/Kol/2018 Assessment Year:2014-15 Naveen Kumar Kajaria ACIT, Circle-35, बनाम / 32, Armenian Street, Aayakar Bhawan, V/s. Kolkata-700001 Poorva, 110, Shantipally, 7th Floor, [PAN No.AGDPK 0069 N] Kolkakta-107 Smt. Sushila Devi Kajaria, बनाम / 32, Armenian Street, ACIT, Circle-36, V/s. Kolkata-001 Aaykar Bhawa, Poorva 110, Shantipally, 7th [PAN No.AFYPK 7990 Q] Floor, Kolkata-107 .. अपीलाथ" /Appellant ""यथ" /Respondent Shri Sunin Surana, Advocate & आवेदक क" ओर से/By Assessee Shri S.M. Surana, A…

Navin Kumar Kajaria, Kolkata vs. ACIT, Circle - 35, Kolkata

ITA 1254/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri S.S, Godara

Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH “SMC” KOLKATA Before Shri S.S, Godara, Judicial Member ITA No.1254-1255/Kol/2018 Assessment Year:2014-15 Naveen Kumar Kajaria ACIT, Circle-35, बनाम / 32, Armenian Street, Aayakar Bhawan, V/s. Kolkata-700001 Poorva, 110, Shantipally, 7th Floor, [PAN No.AGDPK 0069 N] Kolkakta-107 Smt. Sushila Devi Kajaria, बनाम / 32, Armenian Street, ACIT, Circle-36, V/s. Kolkata-001 Aaykar Bhawa, Poorva 110, Shantipally, 7th [PAN No.AFYPK 7990 Q] Floor, Kolkata-107 .. अपीलाथ" /Appellant ""यथ" /Respondent Shri Sunin Surana, Advocate & आवेदक क" ओर से/By Assessee Shri S.M. Surana, A…

Soumitra Choudhury, Kolkata vs. ACIT, Circle - 22, Kolkata

ITA 256/KOL/2019[2012-13]Status: DisposedITAT Kolkata15 Mar 2019AY 2012-13

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Years :2012-13 Soumitra Choudhury V/S. Acit, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [Pan No.Acnpc 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date Of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/S. Income Tax Officer, C/O Balaji Enterprises, Ward-35(1), Aayakar 83/85 N.S. Road, Ground Bhawan Porva, 110, Floor, Kolkata Shantipally, Kokata- [Pan No.Actpa 9138 Q] 107 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Subash Agarwal Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 14-03-2019 सुनवाई क" तार"ख/Date Of Hearing 15-03-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- These Two Assessees Have Filed Their Instant Appeal(S) For Assessment Year(S) 2012-13 & 2015-16 Against The Commissioner Of Income Tax

Section 10(38)Section 131Section 133(6)Section 143(3)Section 148Section 68

…आयकर अपील"य अधीकरण, "यायपीठ – “C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH “C” KOLKATA Before Shri S.S.Godara, Judicial Member and Dr. A.L. Saini, Accountant Member Assessment Years :2012-13 Soumitra Choudhury V/s. ACIT, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [PAN No.ACNPC 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, JCIT-SR-DR ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/s. Income…

Purushottam Das Agarwal, Kolkata vs. ITO, Ward - 35(1), Kolkata

ITA 2421/KOL/2018[2015-16]Status: DisposedITAT Kolkata15 Mar 2019AY 2015-16

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Years :2012-13 Soumitra Choudhury V/S. Acit, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [Pan No.Acnpc 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date Of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/S. Income Tax Officer, C/O Balaji Enterprises, Ward-35(1), Aayakar 83/85 N.S. Road, Ground Bhawan Porva, 110, Floor, Kolkata Shantipally, Kokata- [Pan No.Actpa 9138 Q] 107 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Subash Agarwal Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 14-03-2019 सुनवाई क" तार"ख/Date Of Hearing 15-03-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- These Two Assessees Have Filed Their Instant Appeal(S) For Assessment Year(S) 2012-13 & 2015-16 Against The Commissioner Of Income Tax

Section 10(38)Section 131Section 133(6)Section 143(3)Section 148Section 68

…आयकर अपील"य अधीकरण, "यायपीठ – “C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH “C” KOLKATA Before Shri S.S.Godara, Judicial Member and Dr. A.L. Saini, Accountant Member Assessment Years :2012-13 Soumitra Choudhury V/s. ACIT, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [PAN No.ACNPC 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, JCIT-SR-DR ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/s. Income…