CIT v. Simit P. Seth

38 Taxmann.com 385High Court2013#283 most cited
278

judgments rely on this decision, according to BharatTax’s citation analysis of 367,154 Indian tax judgments — from 2016 to 2026.

Issues it is cited on

Judgments citing CIT v. Simit P. Seth

ITO 2(2)(3), Mumbai vs. Nishigandha Polymers P.Ltd, Mumbai

Appeal stands dismissed whereas assessee’s appeal stands partly allowed

ITA 5261/MUM/2015[2009-10]Status: DisposedITAT Mumbai01 Nov 2017AY 2009-10

Bench: Shri D.T. Garasia, Jm & Shri Manoj Kumar Aggarwal, Am आयकर अपील सं./I.T.A. No.5261/Mum/2015 (िनधा"रण वष" / Assessment Year: 2009-10) Income Tax Officer 2(2)(3) Nishigandha Polymers Private Ltd बनाम/ 3Rd Floor, Rustom Building R.No.542,Aayakar Bhavan M.K.Road 29,Veer Nariman Road Vs. Mumbai-400 020 Mumbai-400 023 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaacn-6044-J (अपीलाथ" /Appellant) (""थ" / Respondent) : & आयकर अपील सं./I.T.A. No.5017/Mum/2015 (िनधा"रण वष" / Assessment Year: 2009-10) Nishigandha Polymers Private Ltd Income Tax Officer 2(2)(3) बनाम/ 3Rd Floor, Rustom Building R.No.542,Aayakar Bhavan 29,Veer Nariman Road M.K.Road Vs. Mumbai-400 023 Mumbai-400 020 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaacn-6044-J (अपीलाथ" /Appellant) (""थ" / Respondent) :

For Appellant: Bhupendra Karkhanis ,Ld.ARFor Respondent: Suman Kumar, Ld. DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148

…same to the income of the assessee. 3. Aggrieved, the assessee contested the same with partial success before Ld.CIT(A) vide impugned order dated 07/08/2015 where the Ld. CIT(A), relying on the decision of Hon’ble Gujarat High Court in CIT Vs. Simit P.Sheth [38 Taxmann.com 385] restricted the additions to 12.5% of alleged bogus purchases. Aggrieved, the revenue as well as assessee is in appeal before us. ITA.No.5261 & 5017/Mum/2015 Nishigandha Polymers Private Limited Assessment Year-2009-10 4. The Ld. Counsel for Assessee [AR] drew our attention to the fact the purchases were backed by invoices and the payment…

Nishigandha Polymers P.Ltd, Mumbai vs. ITO 2(2)(3), Mumbai

Appeal stands dismissed whereas assessee’s appeal stands partly allowed

ITA 5017/MUM/2015[2009-10]Status: DisposedITAT Mumbai01 Nov 2017AY 2009-10

Bench: Shri D.T. Garasia, Jm & Shri Manoj Kumar Aggarwal, Am आयकर अपील सं./I.T.A. No.5261/Mum/2015 (िनधा"रण वष" / Assessment Year: 2009-10) Income Tax Officer 2(2)(3) Nishigandha Polymers Private Ltd बनाम/ 3Rd Floor, Rustom Building R.No.542,Aayakar Bhavan M.K.Road 29,Veer Nariman Road Vs. Mumbai-400 020 Mumbai-400 023 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaacn-6044-J (अपीलाथ" /Appellant) (""थ" / Respondent) : & आयकर अपील सं./I.T.A. No.5017/Mum/2015 (िनधा"रण वष" / Assessment Year: 2009-10) Nishigandha Polymers Private Ltd Income Tax Officer 2(2)(3) बनाम/ 3Rd Floor, Rustom Building R.No.542,Aayakar Bhavan 29,Veer Nariman Road M.K.Road Vs. Mumbai-400 023 Mumbai-400 020 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaacn-6044-J (अपीलाथ" /Appellant) (""थ" / Respondent) :

For Appellant: Bhupendra Karkhanis ,Ld.ARFor Respondent: Suman Kumar, Ld. DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148

…same to the income of the assessee. 3. Aggrieved, the assessee contested the same with partial success before Ld.CIT(A) vide impugned order dated 07/08/2015 where the Ld. CIT(A), relying on the decision of Hon’ble Gujarat High Court in CIT Vs. Simit P.Sheth [38 Taxmann.com 385] restricted the additions to 12.5% of alleged bogus purchases. Aggrieved, the revenue as well as assessee is in appeal before us. ITA.No.5261 & 5017/Mum/2015 Nishigandha Polymers Private Limited Assessment Year-2009-10 4. The Ld. Counsel for Assessee [AR] drew our attention to the fact the purchases were backed by invoices and the payment…

Vinod H. Sanghvi, Mumbai vs. DCIT 15(2)(Old), Mumbai

ITA 125/MUM/2016[2009-10]Status: DisposedITAT Mumbai27 Oct 2017AY 2009-10

Bench: Shri B.R. Baskaran, Am & Shri Ravish Sood, Jm आमकय अऩीर सं./ I.T.A. Nos. 125 To 127/Mum/2016 (निर्धारण वषा / Assessment Year‟S: 2009-10, 2010-11 & 2011-12) Vinod H. Sanghvi, Dcit-15(2) (Old), 297, Tardeo, 1St Floor, Willie Acit 19(3) (Present) बिधम/ Vs. Mansion; Opp. Bank Of India 2Nd Floor, Matru Mandir, Mumbai- 400 007 Tardeo Road, Mumbai-400 007 स्थामीरेखासं./ जीआइआयसं./ Pan/Gir No. Afmps3101F (अऩीराथी/Appellant) (प्रत्मथी / Respondent) :

For Appellant: Shri. Raj Kumar SinghFor Respondent: Ms. Pooja Swaroop
Section 143(1)Section 143(2)Section 143(3)Section 69C

…Vinod H Sanghvi vs. ACIT- ITA No. 125 to 127/Mum/2016 1 ACIT Vs. Vinod H. Sanghvi – ITA No. 121-123/Mum/2016 A.Ys. 2009-10 to 2011-12 IN THE INCOME TAX APPELLATE TRIBUNAL ‘F’ BENCH, MUMBAI BEFORE SHRI B.R. BASKARAN, AM AND SHRI RAVISH SOOD, JM आमकय अऩीर सं./ I.T.A. Nos. 125 to 127/Mum/2016 (निर्धारण वषा / Assessment Year‟s: 2009-10, 2010-11 & 2011-12) Vinod H. Sanghvi, DCIT-15(2) (Old), 297, Tardeo, 1st Floor, Willie ACIT 19(3) (Present) बिधम/ Vs. Mansion; Opp. Bank Of India 2nd Floor, Matru Mandir, Mumbai- 400 007 Tardeo Road, Mumbai-400 007 स्थामीरेखासं./ जीआइआयसं./ PAN/GIR No. AFMPS3101F (अऩीराथी/Appellan…

Asst CIT 19(3), Mumbai vs. Vinod H. Sanghvi, Mumbai

ITA 121/MUM/2016[2009-10]Status: DisposedITAT Mumbai27 Oct 2017AY 2009-10

Bench: Shri B.R. Baskaran, Am & Shri Ravish Sood, Jm आमकय अऩीर सं./ I.T.A. Nos. 125 To 127/Mum/2016 (निर्धारण वषा / Assessment Year‟S: 2009-10, 2010-11 & 2011-12) Vinod H. Sanghvi, Dcit-15(2) (Old), 297, Tardeo, 1St Floor, Willie Acit 19(3) (Present) बिधम/ Vs. Mansion; Opp. Bank Of India 2Nd Floor, Matru Mandir, Mumbai- 400 007 Tardeo Road, Mumbai-400 007 स्थामीरेखासं./ जीआइआयसं./ Pan/Gir No. Afmps3101F (अऩीराथी/Appellant) (प्रत्मथी / Respondent) :

For Appellant: Shri. Raj Kumar SinghFor Respondent: Ms. Pooja Swaroop
Section 143(1)Section 143(2)Section 143(3)Section 69C

…Vinod H Sanghvi vs. ACIT- ITA No. 125 to 127/Mum/2016 1 ACIT Vs. Vinod H. Sanghvi – ITA No. 121-123/Mum/2016 A.Ys. 2009-10 to 2011-12 IN THE INCOME TAX APPELLATE TRIBUNAL ‘F’ BENCH, MUMBAI BEFORE SHRI B.R. BASKARAN, AM AND SHRI RAVISH SOOD, JM आमकय अऩीर सं./ I.T.A. Nos. 125 to 127/Mum/2016 (निर्धारण वषा / Assessment Year‟s: 2009-10, 2010-11 & 2011-12) Vinod H. Sanghvi, DCIT-15(2) (Old), 297, Tardeo, 1st Floor, Willie ACIT 19(3) (Present) बिधम/ Vs. Mansion; Opp. Bank Of India 2nd Floor, Matru Mandir, Mumbai- 400 007 Tardeo Road, Mumbai-400 007 स्थामीरेखासं./ जीआइआयसं./ PAN/GIR No. AFMPS3101F (अऩीराथी/Appellan…