CIT v. Nav Bharat Duolex Ltd.

35 Taxmann.com 289High Court2013#2245 most cited

What is CIT v. Nav Bharat Duolex Ltd. authority for?

The addition of share capital and premium under Section 68 is justified if the assessee fails to establish the creditworthiness of the creditor, the genuineness of the transaction, and the source of the funds introduced.

51

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2018 to 2024.

Also referred to as

CIT v. Nav Bharat Duolex Ltd · Section 68 · share capital · share premium · creditworthiness of creditor · source of source · unexplained cash credits

Sections most often in play

Section 131Section 132(1)Section 153ASection 153CSection 68Section 69

Issues it is cited on

bogus share capitalsection 5(2)(b)creditworthiness of the creditorretracted statementtrue and full disclosuresource of sourceretraction of statementsection 254(2)share capital and share premiumsection 13(3)section 132(1)addition u/s 68

Judgments citing CIT v. Nav Bharat Duolex Ltd.

P.S.Construction, Mumbai vs. DCIT- CC - 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 3229/MUM/2018[2014-15]Status: DisposedITAT Mumbai03 May 2019AY 2014-15

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

P.S.Construction, Mumbai vs. DCIT-CC- 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 3228/MUM/2018[2013-14]Status: DisposedITAT Mumbai03 May 2019AY 2013-14

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

P.S.Construction, Mumbai vs. DCIT- CC- 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 3227/MUM/2018[2012-13]Status: DisposedITAT Mumbai03 May 2019AY 2012-13

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

P.S.Construction, Mumbai vs. DCIT -CC -1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 3226/MUM/2018[2009-10]Status: DisposedITAT Mumbai03 May 2019AY 2009-10

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

Poonam Skyline Construction, Mumbai vs. DCIT -CC- 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 2694/MUM/2018[2013-14]Status: DisposedITAT Mumbai03 May 2019AY 2013-14

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

Poonam Skyline Construction, Mumbai vs. DCIT- CC- 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 2693/MUM/2018[2008-09]Status: DisposedITAT Mumbai03 May 2019AY 2008-09

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

Pabal Housing Pvt. Ltd., Mumbai vs. DCIT- CC- 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 2689/MUM/2018[2014-15]Status: DisposedITAT Mumbai03 May 2019AY 2014-15

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

Pabal Housing Pvt. Ltd., Mumbai vs. DCIT- CC- 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 2688/MUM/2018[2013-14]Status: DisposedITAT Mumbai03 May 2019AY 2013-14

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

Pabal Housing Pvt. Ltd., Mumbai vs. DCIT- CC - 1(3), Mumbai

In the result, both appeals filed by the assessee are

ITA 2687/MUM/2018[2012-13]Status: DisposedITAT Mumbai03 May 2019AY 2012-13

Bench: Shri G. Manjunatha & Shri Ravish Sood

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, ‘सी’,मुंबई। IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI "ी जी. मंजूनाथ, लेखा सद"य, एवं "ी र"वश सूद , "या"यक सद"य के सम" Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, ITA NO.2687, 2688 & 2689/Mum/2018 Assessment Year:-2012-13, 2013-14 & 2014-15 M/s Pabal Housing Private DCIT, CC-1(3), Limited, बनाम/ 905, Old CGO Annex 66B, 3rd Floor, Podar Building, M. K. Road, Vs. Chambers, Mumbai Mumbai-400020 Samachar Marg, Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AAQFM8445I ITA NO.2692, 2693 & 2694/Mum/2018 Assessme…

ITO, WD-10(4), Kolkata vs. M/S Bsni Commercial Pvt. Ltd., Kolkata

In the result, the appeal of the Revenue is dismissed

ITA 686/KOL/2017[2012-13]Status: DisposedITAT Kolkata22 Nov 2018AY 2012-13

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri Satbeer Singh Godara

Section 131Section 143(3)Section 147

…A.Y. 2012-2013 M/s. BSNL Commercial Pvt. Limited IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘B’ BENCH, KOLKATA Before Shri P.M. Jagtap, Vice-President (KZ) and Shri Satbeer Singh Godara, Judicial Member I.T.A. No. 686/KOL/2017 Assessment Year: 2012-2013 Income Tax Officer,.........................................................................Appellant Ward-10(4), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, 3 rd Floor, Kolkata-700 069 -Vs.- M/s. BSNI Commercial Pvt. Limited,...........................................Respondent Behind Jhawtalla Kali Temple, Teghoria, Kolkata-700 059 [PAN:AAECB 6746…

ITO 7(1)(4), Mumbai vs. Lisha Trading P.Ltd, Mumbai

In the result, the appeal filed by the Revenue is dismissed

ITA 5845/MUM/2016[2012-13]Status: DisposedITAT Mumbai23 Aug 2018AY 2012-13

Bench: Shri Joginder Singh & Shri G Manjunathaassessment Year : 2012-13 Ito 7(1)(4), Lisha Trading P. Ltd., Mumbai Ground Floor, Rajguru Apartment, Vs. Baburao Parulekar Marg, Dadar (W), Mumbai 400 028

For Appellant: Shri Anoop HiwaseFor Respondent: Shri Vimal Punamiya
Section 143(2)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “I”, MUMBAI Before Shri Joginder Singh, Judicial Member & Shri G Manjunatha, Accountant Member Assessment Year : 2012-13 ITO 7(1)(4), Lisha Trading P. Ltd., Mumbai Ground Floor, Rajguru Apartment, Vs. Baburao Parulekar Marg, Dadar (W), Mumbai 400 028 PAN AABCL6135F (Appellant) Respondent) Appellant By : Shri Anoop Hiwase Respondent By : Shri Vimal Punamiya Date of Hearing :14.06.2018 Date of Pronouncement : .08.2018 O R D E R Per G Manjunatha, Accountant Member This appeal filed by the Revenue is directed against order of the CIT(A)-13, Mumbai, dated 12…