Control Touch Electronic Pvt. Ltd., 77 ITD 522; (ii) CIT v. Suman Papers & Boards Ltd.

314 ITR 119High Court2009#9897 most cited
11

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2020 to 2022.

Judgments citing Control Touch Electronic Pvt. Ltd., 77 ITD 522; (ii) CIT v. Suman Papers & Boards Ltd.

SHIVAM DEVELOPERS,GODADRA vs. ITO, SURAT, SURAT

In the result, appeal of the assessee is allowed

ITA 76/SRT/2020[2015-16]Status: DisposedITAT Surat11 Nov 2022AY 2015-16

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.76/Srt/2020 ("नधा"रणवष" / Assessment Year: (2015-16) (Physical Court Hearing) Shivam Developers, Vs. The Pr. Cit-2, 141, Khodiyar Residency, Surat. Godadra, Surat-395010. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acffs4002D (Appellant) (Respondent) Assessee By Shri Sapnesh Sheth, Ca Respondent By Shri Ritesh Mishra, Cit-Dr Date Of Hearing 06/10/2022 Date Of Pronouncement 11/11/2022

Section 115Section 115BSection 131Section 133ASection 143(3)Section 263Section 37Section 40Section 69A

…15-16 Shivam Developers money declared by assessee as the on money so declared by assessee was business income. For that, on identical facts, the reliance can be placed on the judgment of Hon'ble Gujarat High Court in the case of Suman Papers & Boards Ltd. , 314 ITR 119 (Guj.) wherein it was held as follows: “2. The controversy relates to block period commencing from asst. yr. 1986-87 and ending on 6th Jan., 1996. The respondent assessee, a limited company, claimed deduction under ss. 80-I or 80-IA of the Act in relation to the total undisclosed income of the block period. The said claim was rejected by the AO a…

DCIT CENT. CIR. -5(3) (ERSTWHILE DCIT CENT. CIR. -36), MUMBAI vs. SUMER BUILDERS, MUMBAI

In the result, appeal of the assessee is partly allowed as indicated above and appeal of the Revenue is dismissed

ITA 5130/MUM/2016[2011-12]Status: DisposedITAT Mumbai08 Jan 2021AY 2011-12

Bench: Shri C.N. Prasad, Hon'Ble & Shri M. Balaganesh, Hon'Blem/S. Sumer Builders V. Dy. Commissioner Of Income-Tax Central Circle – 5(3) 201, Commerce House {Erstwhile Dcit, Central Circle – 36} 140, Nm Road, Fort Room No. 1906, 19Th Floor Mumbai – 400 023 Air India Building, Nariman Point Mumbai – 400 021 Pan: Aaafs2829R

For Appellant: Shri Nishit GandhiFor Respondent: Shri A. Mohan
Section 36(1)(iii)

…e Assessee has only one business / project, all the income unearthed during the search have to be treated as being earned from the said business [Ref. CIT v. Mhaskar General Hospital — Tax Appeal No.1474 of 2009 and CIT v. Suman Paper and Boards Ltd. — (2009) 314 ITR 119 (Guj)]. In any case, it is a settled law, that as per the scheme of the Act all the other heads of income must be exhausted / excluded first before taxing an income under the head “Income from other sources” [Ref: S.G. Mercantile Corporation P. Ltd. v. CIT [83 ITR 700 (SC)], CIT v. T.P. Sidhwa [133 ITR 840 (Bombay)] & Bihar State Co-operative Ban…

SUMER BUILDERS,MUMBAI vs. DCIT CEN CIR 5(3), MUMBAI

In the result, appeal of the assessee is partly allowed as indicated above and appeal of the Revenue is dismissed

ITA 4915/MUM/2016[2011-12]Status: DisposedITAT Mumbai08 Jan 2021AY 2011-12

Bench: Shri C.N. Prasad, Hon'Ble & Shri M. Balaganesh, Hon'Blem/S. Sumer Builders V. Dy. Commissioner Of Income-Tax Central Circle – 5(3) 201, Commerce House {Erstwhile Dcit, Central Circle – 36} 140, Nm Road, Fort Room No. 1906, 19Th Floor Mumbai – 400 023 Air India Building, Nariman Point Mumbai – 400 021 Pan: Aaafs2829R

For Appellant: Shri Nishit GandhiFor Respondent: Shri A. Mohan
Section 36(1)(iii)

…e Assessee has only one business / project, all the income unearthed during the search have to be treated as being earned from the said business [Ref. CIT v. Mhaskar General Hospital — Tax Appeal No.1474 of 2009 and CIT v. Suman Paper and Boards Ltd. — (2009) 314 ITR 119 (Guj)]. In any case, it is a settled law, that as per the scheme of the Act all the other heads of income must be exhausted / excluded first before taxing an income under the head “Income from other sources” [Ref: S.G. Mercantile Corporation P. Ltd. v. CIT [83 ITR 700 (SC)], CIT v. T.P. Sidhwa [133 ITR 840 (Bombay)] & Bihar State Co-operative Ban…

M/S. MAYUR CONSTRUCTION,,VALSAD vs. THE ACIT., VALSAD RANGE,, VALSAD

In the result, appeal of the assessee is allowed

ITA 1042/AHD/2016[2010-11]Status: DisposedITAT Surat06 Nov 2020AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble & Shri Arjun Lal Saini, Hon'Ble(Virtual Hearing) आ.अ.सं./I.T.A No. 1042/Ahd/2016 "नधा"रण वष"/Assessment Year: 2010-11 Mayur Construction, V The Assistant Commissioner Of Income Tax, Valsad. 110, Amar Chamber,Valsad. S [Pan: Aadfm 9859 L] . अपीलाथ" / Appellant ""यथ"/Respondent

Section 133ASection 271(1)(c)Section 274Section 80I

…quote " (i)Rs.50,000/- sales proceeds of flat not recorded in books. " Unquote. Consequent thereupon, the said amount ofRs.50 lacs was duly disclosed in the Profit & Loss account drawn on 31.3.2007. In the case of the CIT vs. Suman Paper and Board Ltd. [2009/314 ITR 119 (Guj.) an observation has been made that manufacturing and sale of Board paper and craft paper happened to be the only source of income of the assessee, therefore the amount disclosed consequence upon the search partakes the character of business income and eligible for the deduction u/s.80IB/80IA.of the I T. Act. In the present case, the assesse…

ASSISTANT COMMISSIONER OF INCOME-TAX,, KOLHAPUR vs. VIJAYKUMAR RAJARAM SHAH,, KOLHAPUR

In the result, the appeal of the Revenue in ITA No

ITA 608/PUN/2016[2011-12]Status: DisposedITAT Pune26 Jun 2020AY 2011-12

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…

ASSISTANT COMMISSIONER OF INCOME-TAX vs. LAXMI CIVIL ENGINEERING SERVICES PVT. LTD.,, KOLHAPUR

In the result, the appeal of the Revenue in ITA No

ITA 1247/PUN/2015[2011-12]Status: DisposedITAT Pune26 Jun 2020AY 2011-12

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…

ASSISTANT COMMISSIONER OF INCOME-TAX vs. LAXMI CIVIL ENGINEERING SERVICES PVT. LTD.,, KOLHAPUR

In the result, the appeal of the Revenue in ITA No

ITA 1246/PUN/2015[2010-11]Status: DisposedITAT Pune26 Jun 2020AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…

ASSISTANT COMMISSIONER OF INCOME-TAX vs. LAXMI CIVIL ENGINEERING SERVICES PVT. LTD.,, KOLHAPUR

In the result, the appeal of the Revenue in ITA No

ITA 1245/PUN/2015[2009-10]Status: DisposedITAT Pune26 Jun 2020AY 2009-10

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…

LAXMI CIVIL ENGINEERING SERVICES PVT. LTD.,,KOLHAPUR vs. ASSISTANT COMMISISONER OF INCOME-TAX,,

In the result, the appeal of the Revenue in ITA No

ITA 1179/PUN/2015[2011-12]Status: DisposedITAT Pune26 Jun 2020AY 2011-12

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…

LAXMI CIVIL ENGINEERING SERVICES PVT. LTD.,,KOLHAPUR vs. ASSISTANT COMMISISONER OF INCOME-TAX,,

In the result, the appeal of the Revenue in ITA No

ITA 1178/PUN/2015[2010-11]Status: DisposedITAT Pune26 Jun 2020AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…

LAXMI CIVIL ENGINEERING SERVICES PVT. LTD.,,KOLHAPUR vs. ASSISTANT COMMISISONER OF INCOME-TAX,,

In the result, the appeal of the Revenue in ITA No

ITA 1177/PUN/2015[2009-10]Status: DisposedITAT Pune26 Jun 2020AY 2009-10

Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.

For Appellant: Shri Dr. P. Daniel, AdvFor Respondent: Shri B. Kishore
Section 132Section 132(4)Section 143(3)

…आयकर अपीलीय अिधकरण “ए” "यायपीठ पुणे म" । IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM Sl. ITA Nos. Name of Appellant Name of Respondent Asst. No. Year 1-3 1177/PUN/2015 Laxmi Civil Engineering ACIT, Central Circle, 2009-10 1178/PUN/2015 Services Pvt. Ltd., Kolhapur 2010-11 1179/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension, Takala, Kolhapur-416001. PAN: AAACL5602N 4-6 1245/PUN/2015 ACIT, Central Circle, Laxmi Civil Engineering 2009-10 1246/PUN/2015 Kolhapur Services Pvt. Ltd., 2010-11 1247/PUN/2015 1148, E-Ward, Sykes 2011-12 Extension…