CIT v. Simit P. Seth

Assistant Commissioner of Income Tax-4(2)(1), Mumbai vs. Gemsons Precision Engineering Pvt Ltd, Mumbai

In the result, appeal filed by the revenue is dismissed in the above terms

Bench: Smt. Padmavathy S. & Shri. Raj Kumar Chauhanassistant Commissioner Of Income Vs. Gemsons Precision Tax – 4(2)(1) Engineering Pvt. Ltd. Room No. 640, Aayakar Bhavan, M. Plot No. Af-1, Cama Industrial K. Road, New Marine Lines, Estate, Walbhat Road, Mumbai – 400020. Goregaon East, Mumbai Pan: Aabcg0333J 400063. (Appellant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G”, MUMBAI BEFORE SMT. PADMAVATHY S., ACCOUNTANT MEMBER AND SHRI. RAJ KUMAR CHAUHAN, JUDICIAL MEMBER Assistant Commissioner of Income Vs. Gemsons Precision Tax – 4(2)(1) Engineering Pvt. Ltd. Room No. 640, Aayakar Bhavan, M. Plot No. AF-1, Cama Industrial K. Road, New Marine Lines, Estate, Walbhat Road, Mumbai – 400020. Goregaon East, Mumbai PAN: AABCG0333J 400063. (Appellant) (Respondent) Assessee Represented by : Shri. Bharat P. Shah Department Represented by : Shri. Dinesh A. Chourasia – Sr. AR. Date of conclusion of Hearing : 06.06.2024 Date of Pronouncement…

ITO-19(3)(1), Mumbai vs. Shankarlal Bhimraj Bhansali, Mumbai

In the result, appeal is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI RATNESH NANDAN SAHAY (Accountant Member)

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “E”, MUMBAI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER Assessment Year: 2010-11 ITO – 19(3)(1) Shankarlal Bhimraj 405, Piramal Chambers, Bhansali Lalbaug, 38 Mukadam Building, Vs. 2nd Carpenter Street, Mumbai – 400012. Shop No. 3, Mumbai – 400004 PAN: AAAPB6637J (Appellant) (Respondent) Present for: Assessee by : None Revenue by : Shri P.D. Chougule, SR. D.R. Date of Hearing : 29 . 05 . 2024 Date of Pronouncement : 25 . 06 . 2024 O R D E R Per: Ratnesh Nandan Sahay, Accountant Member: 1. This appeal has been filed a…

Income Tax Officer, Kalyan vs. J D Electric Works, Kalyan

In the result, the appeal of the Revenue is dismissed

Bench: Shri Om Prakash Kant () & Shri Narender Kumar Choudhry () Assessment Year: 2009-10

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI NARENDER KUMAR CHOUDHRY (JUDICIAL MEMBER) Assessment Year: 2009-10 Income Tax Officer, J D Electric Works, Rani Mansion Murbad Raod, Manik Colony Opp Raja Hotel Kalyan West-421301. Vs. Ahilyabai Chowk, Kalyan West-421301. PAN NO. AAAFJ 9100 C Appellant Respondent Assessee by : Mr. Shashank Mehta Revenue by : Ms. Rajeshwari Menon, Sr. DR Date of Hearing : 02/05/2024 : 06/05/2024 Date of pronouncement ORDER PER OM PRAKASH KANT, AM This appeal by the Revenue is directed against order dated 26.…

Concorde International, Mumbai vs. DCIT, Circle 19(1), Matur Mandir, Mumbai

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleconcorde International V. Dcit, Circle 19(1), Ec-B2-8010, Bharat Diamond Bourse Matru Mandir Building Bandra (E), Mumbai- 400051 1St & 2Nd Floor, Nana Chowk Bhatia Hospital Lane Pan: Aabfc9865G Javji Dadaji Marg, Grant Road (W) Mumbai- 400007 (Appellant) (Respondent) Assessee Represented By : Shri Sunil Hirawat Department Represented By : Shri H.M. Bhatt

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “C”, MUMBAI BEFORE SHRI ABY T VARKEY, HON'BLE JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, HON'BLE ACCOUNTANT MEMBER Concorde International v. DCIT, Circle 19(1), EC-B2-8010, Bharat Diamond Bourse Matru Mandir Building Bandra (E), Mumbai- 400051 1st & 2nd Floor, Nana Chowk Bhatia Hospital Lane PAN: AABFC9865G Javji Dadaji Marg, Grant Road (W) Mumbai- 400007 (Appellant) (Respondent) Assessee Represented by : Shri Sunil Hirawat Department Represented by : Shri H.M. Bhatt Date of Conclusion of Hearing : 05.03.2024 Date of Pronouncement : 13.03.2024 O R D E R PER S. R…

Income Tax Officer-42(1)(4), Mumbai vs. Ravindra G Chitalia, Mumbai

In the result, the appeal of the revenue is dismissed

Bench: Shri Kuldip Singh & Shri Amarjit Singhincome Tax Officer - Vs. Ravindra G. Chitalia, 42(1)(4), A/604, Saileela, Above Room No. 718, Kautilya Vijaya Bank, Anand Bhavan, Bkc, Nagar, Dahisar (East) Mumbai – 400051 Maharashtra – 400068 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No:Aaepc4939Q Appellant .. Respondent Appellant By : S. Arunkumar Respondent By : Debiz Bhusal Date Of Hearing 28.02.2024 Date Of Pronouncement 06.03.2024 आदेश / O R D E R Per Amarjit Singh (Am): This E-Appeal Filed By The Revenue Is Directed Against The Order Passed By The Ld. Cit(A) For A.Y. 2010-191. The Assessee Has Raised The Following Grounds Before Us: “1. On The Facts & Circumstances Of The Case & In Law, The Learned Cit(A) Erred In Facts & In Law By Giving Partial Relief To The Assessee By Reducing The Addition / Disallowance To 5% Of The Impugned Non-Genuine / Bogus Purchases As Against The Addition / Disallowance @12.5% Made By The Assessing Officer By Relying On. 2. On The Facts & Circumstances Of The Case & In Law, The Learned Cit(A) Erred In Facts & In Law By Reducing The Disallowance @ 5% Of The Impugned Bogus Purchases By Relying On The Judgment Dated 06 02 2019 Of The Jurisdictional Itat In The Case Of The This Assessee For The A.Y 2009- 10 Which Was Not Accepted By The Revenue & Further Appeal Was Filed It Is Submitted In This Regard That In The Said Itat Judgment On Identical Facts It Was Held By Hon'Ble Tribunal That Disallowance @12.5% Was At Higher Rale Going By The Nature Of Business Of The Assessee (Trading In Various Products Of Iron & Steel) & Also For The Reason That The Assessee Has Also Paid Vat Element On The Impugned Bogus Purchases Without

…P a g e | 1 ITO-42(1)(4) Vs. Ravindra G. Chitalia IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER & SHRI AMARJIT SINGH, ACCOUNTANT MEMBER Income Tax Officer - Vs. Ravindra G. Chitalia, 42(1)(4), A/604, Saileela, Above Room No. 718, Kautilya Vijaya Bank, Anand Bhavan, BKC, Nagar, Dahisar (East) Mumbai – 400051 Maharashtra – 400068 स्थायी लेखा सं./जीआइआर सं./PAN/GIR No:AAEPC4939Q Appellant .. Respondent Appellant by : S. Arunkumar Respondent by : Debiz Bhusal Date of Hearing 28.02.2024 Date of Pronouncement 06.03.2024 आदेश / O R D E R Per Amarjit Singh (AM): T…

K A International, Mumbai vs. ITO-19(2)(2), Mumbai

In the result, appeals filed by the assessee are partly allowed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon'Blem/S. Ka International V. Income Tax Officer – 19(2)(2) 1St Floor, 62, Zaveri House Piramal Chambers, Lal Baugh N.S. Patkar Marg, Grant Road Mumbai - 400013 Mumbai - 400007 Pan: Aaafk0864E (Appellant) (Respondent) Assessee Represented By : Shri Himanshu Gandhi Department Represented By : Shri P.D. Chougule

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “E”, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, HON'BLE ACCOUNTANT MEMBER & MS. KAVITHA RAJAGOPAL, HON'BLE JUDICIAL MEMBER M/s. KA International v. Income Tax Officer – 19(2)(2) 1st Floor, 62, Zaveri House Piramal Chambers, Lal baugh N.s. Patkar Marg, Grant Road Mumbai - 400013 Mumbai - 400007 PAN: AAAFK0864E (Appellant) (Respondent) Assessee Represented by : Shri Himanshu Gandhi Department Represented by : Shri P.D. Chougule Date of conclusion of Hearing : 14.12.2023 Date of Pronouncement : 20.12.2023 O R D E R PER S. RIFAUR RAHMAN (AM) 1. This appeal is filed by th…

Kailash Judhistir Sahi, Mumbai vs. CIT (A)-38, Mumbaiqqq

In the result, both the appeals filed by the Assessee are partly allowed in the same terms

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI SHRI N. K. CHOUDHRY, JM 1. I.T.A. No. 1636/Mum/2023 (Assessment Year: 2010-11) & 2. I.T.A. No. 1637/Mum/2023 (Assessment Year: 2009-10) Kailash Judhistir Sahu CIT(A) –38, 13, Gulab Industrial Estate, Vs. Mumbai Andheri Kurla Road, Sakinaka , Mumbai PAN No. AAIPS 9456 Q Respondent) : Appellant) Appellant by : Shri Ashwin Chhag, Ld. CA Respondent by : Shri Anurag Tripathi, Ld. Sr. DR Date of Hearing : 20.09.2023 Date of Pronouncement : 10.10.2023 O R D E R Per N. K. Choudhry, Judicial Member: The Assessee/Appellant herein has preferred these appeals against…

Kailash Judhistir Sahu, Mumbai vs. CIT (A)-38, Mumbai

In the result, both the appeals filed by the Assessee are partly allowed in the same terms

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI SHRI N. K. CHOUDHRY, JM 1. I.T.A. No. 1636/Mum/2023 (Assessment Year: 2010-11) & 2. I.T.A. No. 1637/Mum/2023 (Assessment Year: 2009-10) Kailash Judhistir Sahu CIT(A) –38, 13, Gulab Industrial Estate, Vs. Mumbai Andheri Kurla Road, Sakinaka , Mumbai PAN No. AAIPS 9456 Q Respondent) : Appellant) Appellant by : Shri Ashwin Chhag, Ld. CA Respondent by : Shri Anurag Tripathi, Ld. Sr. DR Date of Hearing : 20.09.2023 Date of Pronouncement : 10.10.2023 O R D E R Per N. K. Choudhry, Judicial Member: The Assessee/Appellant herein has preferred these appeals against…

Aastha Creations, Mumbai vs. Income Tax Officer 20(1)(1), Mumbai

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

Bench: Shri Vikas Awasthy, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleaastha Creations V. Income Tax Officer – 20(1)(1) Unit No. 102, M-Block Room No. 124, 1St Floor Ranjit Studio Compound Piramal Chambers, Lalbaug Dadasaheb Phalke Road Parel - 400012 Dadar (E), Mumbai - 400014 Pan: Aamfa1927A (Appellant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI VIKAS AWASTHY, HON'BLE JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, HON'BLE ACCOUNTANT MEMBER Aastha Creations v. Income Tax Officer – 20(1)(1) Unit No. 102, M-Block Room No. 124, 1st Floor Ranjit Studio Compound Piramal chambers, Lalbaug Dadasaheb Phalke Road Parel - 400012 Dadar (E), Mumbai - 400014 PAN: AAMFA1927A (Appellant) (Respondent) Assessee Represented by : None Department Represented by : Shri Suhas Dababe Date of conclusion of Hearing : 18.09.2023 Date of Pronouncement : 22.09.2023 O R D E R PER S. RIFAUR RAHMAN (AM) 1. Thi…

Rakesh Mafatlal Jain, Mumbai vs. ITO-19(3)(1), Mumbai

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

Bench: Shri Vikas Awasthy, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blerakesh Mafatlal Jain V. Income Tax Officer – 19(3)(1) C/O. M.A. Enterprises Mumbai A/4, Madhavji Building 260, S.V.P Road Opp. Alankar Cinema Mumbai – 400004 Pan: Agcpj5330L (Appellant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI VIKAS AWASTHY, HON'BLE JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, HON'BLE ACCOUNTANT MEMBER Rakesh Mafatlal Jain v. Income Tax Officer – 19(3)(1) C/o. M.A. Enterprises Mumbai A/4, Madhavji Building 260, S.V.P Road Opp. Alankar Cinema Mumbai – 400004 PAN: AGCPJ5330L (Appellant) (Respondent) Assessee Represented by : Shri Prakash Jotwani Department Represented by : Shri Suhas Dabade Date of conclusion of Hearing : 21.09.2023 Date of Pronouncement : 21.09.2023 O R D E R PER S. RIFAUR RAHMAN (AM) 1. This appeal is filed by the assessee aga…

Pankaj P. Mehta, Mumbai vs. CIT (A)-36, NFAC, Delhi

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

Bench: Shri Vikas Awasthy, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blepankaj P. Mehta V. Cit (Appeals-36) Flat No. 301, Plot No. 289 National Faceless Appeal Centre Delhi Ahinsa Sadan Co-Op Housing Society Road No. 3 Opp. Suvidha Hospital & Polyclinic Jawahar Nagar, Goregaon (W) Mumbai - 400102 Pan: Agdpm3309H (Appellant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI VIKAS AWASTHY, HON'BLE JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, HON'BLE ACCOUNTANT MEMBER Pankaj P. Mehta v. CIT (Appeals-36) Flat No. 301, Plot No. 289 National Faceless Appeal Centre Delhi Ahinsa Sadan Co-op Housing Society Road No. 3 Opp. Suvidha Hospital & Polyclinic Jawahar Nagar, Goregaon (W) Mumbai - 400102 PAN: AGDPM3309H (Appellant) (Respondent) Assessee Represented by : Shri Vimal Punmiya Department Represented by : Shri H.M. Bhatt Date of conclusion of Hearing : 12.09.2023 Date of Pronouncement : 20.09.2023 O R D E R PER S…