DCIT v. Leena Power Tech Engineers Pvt Ltd.

130 Taxmann.com 341Income Tax Appellate Tribunal2021#4785 most cited

What is DCIT v. Leena Power Tech Engineers Pvt Ltd. authority for?

Decisions relied upon by the revenue may not be followed if the facts and circumstances of the assessee's case are factually distinguishable, especially when the earlier decision concerned a failure to prove the genuineness of transactions and creditworthiness for share capital and premium receipts.

24

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2021 to 2024.

Also referred to as

DCIT vs Leena Power Tech Engineers · share capital · share premium · genuineness of transactions · creditworthiness · factually distinguishable · revenue appeal

Sections most often in play

Section 10(38)Section 11(4)Section 131Section 132Section 132(4)Section 142(1)Section 143(3)Section 153A

Issues it is cited on

section 65b(4)share capital and share premiumsection 56(2)(viib)price riggingsection 65bpreponderance of probabilitybogus long term capital gainbogus ltcgsource of sourceshare application moneysection 56(2)section 45

Judgments citing DCIT v. Leena Power Tech Engineers Pvt Ltd.

DCIT - 14(2)(2) vs. M/S Mishal Construction P. Ltd, Mumbai

In the result, the appeal is allowed

ITA 3564/MUM/2019[2013-14]Status: DisposedITAT Mumbai23 Dec 2021AY 2013-14
Section 133Section 143(3)Section 6Section 68

…ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Page 1 of 11 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI ‘B’ BENCH, MUMBAI [Coram: Pramod Kumar (Vice President) and Amarjit Singh (Judicial Member)] ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Deputy Commissioner of Income Tax-14(2)(2) Mumbai ……………….………Appellant Vs M/s Mishal Construction Pvt. Ltd., ……………………Respondent 402, Vikas Commercial Centre, Dr. C.G. Road, Near Basan Cinema, Chembur, Mumbai 400 0074 [PAN No. AAFCM6325A] Appearances by Himanshu Sharma for the appellant None for the respondent Date of concluding th…

DCIT - 14(2)(2) vs. M/S Mishal Construction P. Ltd, Mumbai

In the result, the appeal is allowed

ITA 3563/MUM/2019[2012-13]Status: DisposedITAT Mumbai23 Dec 2021AY 2012-13
Section 133Section 143(3)Section 6Section 68

…ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Page 1 of 11 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI ‘B’ BENCH, MUMBAI [Coram: Pramod Kumar (Vice President) and Amarjit Singh (Judicial Member)] ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Deputy Commissioner of Income Tax-14(2)(2) Mumbai ……………….………Appellant Vs M/s Mishal Construction Pvt. Ltd., ……………………Respondent 402, Vikas Commercial Centre, Dr. C.G. Road, Near Basan Cinema, Chembur, Mumbai 400 0074 [PAN No. AAFCM6325A] Appearances by Himanshu Sharma for the appellant None for the respondent Date of concluding th…

DCIT - 14(2)(2) vs. M/S Mishal Construction P. Ltd, Mumbai

In the result, the appeal is allowed

ITA 3562/MUM/2019[2011-12]Status: DisposedITAT Mumbai23 Dec 2021AY 2011-12
Section 133Section 143(3)Section 6Section 68

…ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Page 1 of 11 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI ‘B’ BENCH, MUMBAI [Coram: Pramod Kumar (Vice President) and Amarjit Singh (Judicial Member)] ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Deputy Commissioner of Income Tax-14(2)(2) Mumbai ……………….………Appellant Vs M/s Mishal Construction Pvt. Ltd., ……………………Respondent 402, Vikas Commercial Centre, Dr. C.G. Road, Near Basan Cinema, Chembur, Mumbai 400 0074 [PAN No. AAFCM6325A] Appearances by Himanshu Sharma for the appellant None for the respondent Date of concluding th…

DCIT - 14(2)(2) vs. M/S Mishal Construction P. Ltd, Mumbai

In the result, the appeal is allowed

ITA 3561/MUM/2019[2010-11]Status: DisposedITAT Mumbai23 Dec 2021AY 2010-11
Section 133Section 143(3)Section 6Section 68

…ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Page 1 of 11 IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI ‘B’ BENCH, MUMBAI [Coram: Pramod Kumar (Vice President) and Amarjit Singh (Judicial Member)] ITA Nos. 3561 to 3565/Mum/2019 Assessment years: 2010-11 to 2014-15 Deputy Commissioner of Income Tax-14(2)(2) Mumbai ……………….………Appellant Vs M/s Mishal Construction Pvt. Ltd., ……………………Respondent 402, Vikas Commercial Centre, Dr. C.G. Road, Near Basan Cinema, Chembur, Mumbai 400 0074 [PAN No. AAFCM6325A] Appearances by Himanshu Sharma for the appellant None for the respondent Date of concluding th…