Which sections of the Income Tax Act does (i) PCIT (Central), Ludhiana v. Prem Pal Gandhi come up under?

It is most often cited in judgments turning on Section 68, Section 143(3), Section 147, Section 148, Section 10(38), Section 132(4).

(i) PCIT (Central), Ludhiana v. Prem Pal Gandhi

Q: How many judgments cite (i) PCIT (Central), Ludhiana v. Prem Pal Gandhi?

68 judgments on BharatTax cite (i) PCIT (Central), Ludhiana v. Prem Pal Gandhi (49 Taxmann.com 37), spanning 2017 to 2025.

49 Taxmann.com 37High Court2014#1668 most cited

What is (i) PCIT (Central), Ludhiana v. Prem Pal Gandhi authority for?

Mere reliance on SIT reports, stock market movements, or the theory of preponderance of probability is insufficient to sustain additions for bogus long-term capital gains.

judgments rely on this decision, according to BharatTax’s citation analysis of 366,418 Indian tax judgments — from 2017 to 2025.

Also referred to as

PCIT (Central) · Ludhiana v. Prem Pal Gandhi · section 10(38) · bogus long term capital gain · penny stock · genuineness of transaction · accommodation entry · long term capital gains · reassessment · section 147 · section 148 · section 133(6) · section 68

Sections most often in play

Section 68 Section 143(3)Section 147 Section 148 Section 10(38)Section 132(4)Section 133(6)Section 153A

Issues it is cited on

price rigging bogus long term capital gain penny stock bogus ltcg section 10(38)accommodation entry long term capital gains entry operator long term capital gain genuineness of the transaction unexplained cash credit section 133(6)

Judgments citing (i) PCIT (Central), Ludhiana v. Prem Pal Gandhi

ACIT, CC-4, Jaipur vs. Shri Mukut Behari Agarwal, Jaipur

In the result appeals of the revenue are dismissed and the cross

ITA 152/JPR/2020[2010-11]Status: DisposedITAT Jaipur26 Sept 2022AY 2010-11

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”A” JAIPUR Mk0 ,l- lhrky{eh]U;kf;d lnL; ,oa Jh jkBksM deys'k t;UrHkkbZ] ys[kk lnL; ds le{k BEFORE: DR. S. SEETHALAKSHMI, JM & SHRI RATHOD KAMLESH JAYANTBHAI, AM vk;dj vihy la-@ITA No. 164 & 165/JP/2020 fu/kZkj.k o"kZ@Assessment Year : 2010-11 & 2011-12 cuke The Assistant Commissioner of Shri Ramesh Kumar Mantri Income-tax, Vs. 211, Laxmi Complex, M.I. Central Circle-4, Road, Jaipur. Jaipur. LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No.: ACTPM 0737 H vihykFkhZ@Appellant izR;FkhZ@Respondent CO No. 15 & 16/JP/2020 (Arising…

Kavita Pawan Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7931/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7931/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Kavita Pawan Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aggpk-1139-A (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Kavita Pawan Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7931/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Kavita Pawan Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman…

Heena Nilesh Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7930/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7930/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Heena Nilesh Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers Garodiya Nagar, Ghatkopar (E) Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Agzpk-8463-C (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Heena Nilesh Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7930/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Heena Nilesh Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers Garodiya Nagar, Ghatkopar (E) Air India Building Vs. Mumbai-400 077 Nariman P…

Jitendra Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7928/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7928/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7929/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Jitendra Vasantlal Kikavat Dcit-Cc 3(4), बिाम 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building / Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-6316-J (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 148Section 68Section 69C

…1 Shri Jitendra Vasantlal Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7928/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7929/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Jitendra Vasantlal Kikavat DCIT-CC 3(4), बिाम 1915, 19t…

Pawan Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7927/MUM/2019[2013-14]Status: DisposedITAT Mumbai17 Dec 2021AY 2013-14

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7927/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Shri Pawan Vasantlal Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-6311-R (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Shri Pawan Vasantlal Kikavat Assessment Year: 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7927/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Shri Pawan Vasantlal Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077…

Beena Jitendra Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7926/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7926/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Beena Jitendra Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Agfpk-4477-Q (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Beena Jitendra Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7926/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Beena Jitendra Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nar…

Akshita Pankaj Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7925/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7925/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Akshita Pankaj Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aggpk-1141-G (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 147Section 148Section 68Section 69C

…1 Ms. Akshita Pankaj Kikavat Assessment Year: 2012-13 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7925/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) Ms. Akshita Pankaj Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nar…

Nilesh Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7923/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7923/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7924/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Nilesh Vasantlal Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-2207-J (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 148Section 68Section 69C

…1 Shri Nilesh Vasantlal Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7923/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7924/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Nilesh Vasantlal Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th f…

Vasantlal Nyalchand Kikvat Through L/H Pankaj V Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7921/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7921/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & आिकरअपील िं./ I.T.A. Nos.7922/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Vasantlal Nyalchand Kikavat Dcit-Cc 3(4), 1915, 19Th Floor (Through L/H Shri Pankaj V.Kikavat) बिाम/ 1201, D-Wing, Kukreja Towers, Air India Building Vs. Garodiya Nagar, Ghatkopar (E), Nariman Point Mumbai-400 077 Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Aabpk-6317-K (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Sr. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. Sr. DR

Section 143(3)Section 68

…1 Shri Vasantlal Nyalchand Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) आिकरअपील िं./ I.T.A. Nos.7921/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & आिकरअपील िं./ I.T.A. Nos.7922/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Vasantlal Nyalchand Kikavat DCIT-CC 3(4), 1915, 19th floor (…

Pankaj Vasantlal Kikavat, Mumbai vs. Dy CIT CC 3 (4), Mumbai

The appeal stands partly allowed in terms of our above order

ITA 7919/MUM/2019[2012-13]Status: DisposedITAT Mumbai17 Dec 2021AY 2012-13

Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7919/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7920/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Pankaj Vasantlal Kikavat Dcit-Cc 3(4), बिाम/ 1915, 19Th Floor 1201, D-Wing, Kukreja Towers, Garodiya Nagar, Ghatkopar (E), Air India Building Vs. Mumbai-400 077 Nariman Point, Mumbai-400 021 स्थािीलेखा िं./जीआइआर िं./Pan/Gir No. Agzpk-8464-F (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Neelkanth Khandelwal– Ld. Ar Revenue By : Ms. Usha Gaikwad– Ld. Dr ुनवाई की तारीख/ : 22/11/2021 Date Of Hearing घोषणा की तारीख / : 17/12/2021 Date Of Pronouncement

For Appellant: Shri Neelkanth Khandelwal– Ld. ARFor Respondent: Ms. Usha Gaikwad– Ld. DR

Section 10(38)Section 143(3)Section 148Section 68Section 69C

…1 Shri Pankaj Vasantlal Kikavat Assessment Years: 2012-13 & 2013-14 आयकर अपीलीय अधिकरण “एफ ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री अमरजीत स िंह, न्यासिक दस्य एविं माननीय श्री मनोज कुमार अग्रवाल ,लेखा दस्य के मक्ष। BEFORE HON’BLE SHRI AMARJIT SINGH, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आिकरअपील िं./ I.T.A. Nos.7919/Mum/2019 (धििाारण वर्ा / Assessment Year: 2012-13) & 2. आिकरअपील िं./ I.T.A. Nos.7920/Mum/2019 (धििाारण वर्ा / Assessment Year: 2013-14) Shri Pankaj Vasantlal Kikavat DCIT-CC 3(4), बिाम/ 1915, 19th f…

Jagdish B. Prajapati (HUF), Mumbai vs. ACIT-24(2), Mumbai

The appeal stand allowed

ITA 548/MUM/2019[2014-15]Status: DisposedITAT Mumbai17 Jun 2021AY 2014-15

Bench: Hon’Ble Shri C.N. Prasad, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकर अपील सं./ I.T.A. No.548/Mum/2019 (िनधा"रण वष" / Assessment Year: 2014-15) Jagdish B. Prajapati (Huf) Acit-24(2) बनाम/ 6Th Floor, Piramal Chambers 311B, Urmila Chs Ltd., Kol Dongri Sahar Road, Andheri (E) Lalbaug, Parel Vs. Mumbai – 400 069 Mumbai - 400012 Pan No. : Aaehj-9503-P (अपीलाथ"/Appellant) (""थ" / Respondent) : Assessee By : Shri Neelkanth Khandelwal-Ld. Ar Revenue By : Ms. Usha Gaikwad – Ld. Sr. Dr सुनवाई की तारीख/ : 03/05/2021 Date Of Hearing घोषणा की तारीख / : 17/06/2021 Date Of Pronouncement आदेश / O R D E R

For Appellant: Shri Neelkanth Khandelwal-Ld. ARFor Respondent: Ms. Usha Gaikwad – Ld. Sr. DR

Section 10(38)Section 143(3)Section 68Section 69C

…1 Jagdish B.Prajapati (HUF) Assessment Year: 2014-15 आयकर अपीलीय अिधकरण “एफ” "ायपीठ मुंबई म"। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय "ी छ"ला नागे"" "साद, "ाियक सद" एवं माननीय "ी मनोज कुमार अ"वाल ,लेखा सद" के सम"। BEFORE HON’BLE SHRI C.N. PRASAD, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing Through Video Conferencing Mode) आयकर अपील सं./ I.T.A. No.548/Mum/2019 (िनधा"रण वष" / Assessment Year: 2014-15) Jagdish B. Prajapati (HUF) ACIT-24(2) बनाम/ 6th Floor, Piramal Chambers 311B, Urmila CHS Ltd., Kol Dongri Sahar Road, Andheri (E) Lalbaug, Parel Vs. Mumbai – 400 069 Mumbai - 400012 PAN…

Rohit Jalan, Kolkata vs. ITO, Ward - 36(1), Kolkata

In the result, the appeal of assessee is partly allowed

ITA 2205/KOL/2018[2013-14]Status: DisposedITAT Kolkata17 May 2019AY 2013-14

Bench: Shri A. T. Varkey, Jm] I.T.A. No. 2205/Kol/2018 Assessment Year: 2013-14

Section 10(38)Section 143(1)Section 147Section 148Section 68Section 69C

…ad HC) (xii) CIT vs. Jamnadevi Agarwal [2012] 20 taxmann.com 529 (Bombay HC) (xiii) CIT vs. Himani M. Vakil – [2014] 41 taxmann.com 425 (Gujarat HC) (xiv) CIT vs. Maheshchandra G. Vakil – [2013] 40 taxmann.com 326 (Gujarat HC) (xv) CIT vs. Sumitra Devi [2014] 49 Taxmann.com 37 (Rajasthan HC) (xvi) Ganeshmull Bijay Singh Baid HUF vs. DCIT – ITA Nos. 544/Kol/2013 (Kolkata ITAT) (xvii) Meena Devi Gupta & Others vs. ACIT – ITA Nos. 4512 & 4513/Ahd/2007 (Ahmedabad ITAT) (xviii) Manish Kumar Baid ITA 1236/Kol/2017 (Kolkata ITAT) (xix) Mahendra Kumar Baid ITA 1237/Kol/2017 (Kolkata ITAT) 32. The ld AR also brought to ou…

Sri Kush Nahata, Kolkata vs. ITO, Ward - 35(3), Kolkata

ITA 1899/KOL/2018[2014-15]Status: DisposedITAT Kolkata08 May 2019AY 2014-15

Bench: Shri S.S.Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1899/Kol/2018 (िनधा"रणवष" / Assessment Year: 2014-15) Shri Kush Nahata Vs. Ito, Ward-35(3), Kolkata

For Appellant: Shri Sunil Surana, FCAFor Respondent: Shri Robin Choudhury, Addl. CIT DR

Section 10(38)Section 143(3)Section 68

…ad HC) (xii) CIT vs. Jamnadevi Agarwal [2012] 20 taxmann.com 529 (Bombay HC) (xiii) CIT vs. Himani M. Vakil – [2014] 41 taxmann.com 425 (Gujarat HC) (xiv) CIT vs. Maheshchandra G. Vakil – [2013] 40 taxmann.com 326 (Gujarat HC) (xv) CIT vs. Sumitra Devi [2014] 49 Taxmann.com 37 (Rajasthan HC) (xvi) GaneshmullBijay Singh Baid HUF vs. DCIT – ITA Nos. 544/Kol/2013 (Kolkata ITAT) (xvii) Meena Devi Gupta & Others vs. ACIT – ITA Nos. 4512 & 4513/Ahd/2007 (Ahmedabad ITAT) (xviii) Manish Kumar Baid ITA 1236/Kol/2017 (Kolkata ITAT) (xix) Mahendra Kumar Baid ITA 1237/Kol/2017 (Kolkata ITAT) 14. We note that when the transa…

M/S Bihari Lal Malpani, Kolkata vs. ITO, Ward 43(1), Kolkata

In the result, the appeal of the assessee is allowed

ITA 527/KOL/2017[2013-14]Status: DisposedITAT Kolkata05 Apr 2019AY 2013-14

Bench: Shri Aby. T. Varkey & Shri M. Balaganeshi.T.A. No.527/Kol/2017 (Assessment Year 2013-14) M/S Bihari Lal Malpani Ito, Ward-43(1), Kolkata. -Vs- [Pan :Adupm 6438 R]

Section 10(38)Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL Kolkata Bench, Kolkata (Bench – “C”) BEFORE SHRI ABY. T. VARKEY, JUDICIAL MEMBER AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER I.T.A. No.527/Kol/2017 (Assessment year 2013-14) M/s Bihari Lal Malpani ITO, Ward-43(1), Kolkata. -Vs- [PAN :ADUPM 6438 R] (Appellant) .. (Respondent) For the Appellant Shri Subash Agarwal, Advocate For the Respondent Shri Sankar Halder, JCIT, Sr. DR. Date of Hearing 02.04.2019 Date of Pronouncement 05.04.2019 ORDER Per M. Balaganesh: This appeal of the assessee arises out of the order of the Learned Commissioner of Income Tax (Appeals) -13, Kolkata […

Hari Ram Agarwal, Kolkata vs. ITO, Ward - 22(4), Kolkata

In the result, the appeal of the assessee is allowed

ITA 2363/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri Aby. T. Varkey & Shri M. Balaganeshi.T.A. No.2363/Kol/2018 (Assessment Year 2014-15) Hari Ram Agarwal Ito, Ward-22(4), Kolkata. -Vs- [Pan :Acdpa 1946 N]

Section 10(38)Section 133(6)Section 143(3)Section 234ASection 68

…ad HC) (xii) CIT vs. Jamnadevi Agarwal [2012] 20 taxmann.com 529 (Bombay HC) (xiii) CIT vs. Himani M. Vakil – [2014] 41 taxmann.com 425 (Gujarat HC) (xiv) CIT vs. Maheshchandra G. Vakil – [2013] 40 taxmann.com 326 (Gujarat HC) (xv) CIT vs. Sumitra Devi [2014] 49 Taxmann.com 37 (Rajasthan HC) (xvi) Ganeshmull Bijay Singh Baid HUF vs. DCIT – ITA Nos. 544/Kol/2013 (Kolkata ITAT) (xvii) Meena Devi Gupta & Others vs. ACIT – ITA Nos. 4512 & 4513/Ahd/2007 (Ahmedabad ITAT) 5.13. The ld AR further submitted before us that once the assessee has furnished all evidences in support of the genuineness of the transactions, the…

Smt. Sushila Devi Kajaria, Kolkata vs. ACIT, Circle - 36, Kolkata

ITA 1255/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri S.S, Godara

Section 143(3)Section 68

…HC) (xii) CIT vs. Jamnadevi Agarwal [2012] 20 taxmann.com 529 (Bombay HC) (xiii) CIT vs. Himani M. Vakil – [2014] 41 taxmann.com 425 (Gujarat HC) (xiv) CIT vs. Maheshchandra G. Vakil – [2013] 40 taxmann.com 326 (Gujarat HC) (xv) CIT vs. Sumitra Devi [2014] 49 Taxmann.com 37 (Rajasthan HC) (xvi) Ganeshmull Bijay Singh Baid HUF vs. DCIT – ITA Nos. 544/Kol/2013 (Kolkata ITAT) (xvii) Meena Devi Gupta & Others vs. ACIT – ITA Nos. 4512 & 4513/Ahd/2007 (Ahmedabad ITAT) (xviii) Manish Kumar Baid ITA 1236/Kol/2017 (Kolkata ITAT) (xix) Mahendra Kumar Baid ITA 1237/Kol/2017 (Kolkata ITAT) 10. The ld AR further submitted…

Navin Kumar Kajaria, Kolkata vs. ACIT, Circle - 35, Kolkata

ITA 1254/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri S.S, Godara

Section 143(3)Section 68

Sri Vivek Jhunjhunwala, Howrah vs. ITO, Ward - 63(4), Kolkata

In the result, the appeal of assessee is partly allowed

ITA 2333/KOL/2018[2014-15]Status: DisposedITAT Kolkata15 Feb 2019AY 2014-15

Bench: Shri A. T. Varkey, Jm]

Section 68

…ad HC) (xii) CIT vs. Jamnadevi Agarwal [2012] 20 taxmann.com 529 (Bombay HC) (xiii) CIT vs. Himani M. Vakil – [2014] 41 taxmann.com 425 (Gujarat HC) (xiv) CIT vs. Maheshchandra G. Vakil – [2013] 40 taxmann.com 326 (Gujarat HC) (xv) CIT vs. Sumitra Devi [2014] 49 Taxmann.com 37 (Rajasthan HC) (xvi) Ganeshmull Bijay Singh Baid HUF vs. DCIT – ITA Nos. 544/Kol/2013 (Kolkata ITAT) (xvii) Meena Devi Gupta & Others vs. ACIT – ITA Nos. 4512 & 4513/Ahd/2007 (Ahmedabad ITAT) (xviii) Manish Kumar Baid ITA 1236/Kol/2017 (Kolkata ITAT) 13 Vivek Jhunjhunwala, AY:2014-15 (xix) Mahendra Kumar Baid ITA 1237/Kol/2017 (Kolkata IT…

Vasudha Jain, Kolkata vs. ITO, Ward - 36(4), Kolkata

In the result, the appeal of assessee is partly allowed

ITA 1018/KOL/2018[2015-16]Status: DisposedITAT Kolkata15 Feb 2019AY 2015-16

Bench: Shri A. T. Varkey, Jm]

Section 10(38)Section 68

Sanjeev Jain, Saharanpur vs. ITO, Saharanpur

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

ITA 3381/DEL/2017[2013-14]Status: DisposedITAT Delhi15 Jan 2019AY 2013-14

Bench: Sh. R.K. Pand & Ms. Suchitra Kambleassessment Year: 2013-14

Section 10(38)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI BEFORE SH. R.K. PAND, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER Assessment Year: 2013-14 Sanjeev Jain Vs ITO Prop. M/s. S.K. Jewellers Ward-3(4) Saraffa Bazar Income Tax Office Saharanpur – 247001 Building, Court Road, PAN : ACFPJ6545C Saharanpur (APPELLANT) (RESPONDENT) Appellant by Sh.Sanjay Kumar, CA Sh. Akash Garg, Advocate Respondent by Sh.S. S. Rana, CIT (DR) Date of hearing: 17/12/2018 Date of Pronouncement: 15/01/2019 ORDER PER R.K. PANDA, AM: This appeal filed by the assessee is directed against the order dated 20.03.…