ITO v. Anant Shelters Pvt. Ltd.

51 SOT 234Income Tax Appellate Tribunal2012#5303 most cited

What is ITO v. Anant Shelters Pvt. Ltd. authority for?

Section 68 of the Income Tax Act, 1961, concerning cash credits, can be invoked when there is a credit of a sum. The case enumerates legal principles regarding cash credits under Section 68.

22

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2017 to 2023.

Also referred to as

ITO v. Anant Shelters Pvt. Ltd. · 51 SOT 234 · ITAT · Section 68 · cash credits · unexplained money · onus of proof · creditworthiness of creditor

Issues it is cited on

Judgments citing ITO v. Anant Shelters Pvt. Ltd.

DCIT 4 (3)(1), MUMBAI vs. SHRI MOHIT KEEPAK KAMBOJ, MUMBAI

ITA 4285/MUM/2019[2010-11]Status: DisposedITAT Mumbai28 Sept 2022AY 2010-11

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alcpk2213Q (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…e evidences adduced by the assessee have to be examined not superficially but in depth and having regard to the test of the human probabilities and normal course of human conduct. The Hon’ble ITAT, Mumbai Bench, Mumbai in case of ITO v. Anant Shelters Pvt Ltd 51 SOT 234 (Mum) has enumerated certain legal principles regarding cash credits u/s 68 as under: A.Ys. 2010-11 & 2012-13 Mohit Deepak Kamboj a) Section 68 can be invoked when there is a credit of sum of money in the books maintained by the assesse during the previous year and either the assesse offers no explanation about the nature and source of such credit…

ACIT CIR-6(3)(2), MUMBAI vs. SHRI MOHIT DEEPAK KAMBOJ, MUMBAI

ITA 801/MUM/2018[2012-13]Status: DisposedITAT Mumbai28 Sept 2022AY 2012-13

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…e evidences adduced by the assessee have to be examined not superficially but in depth and having regard to the test of the human probabilities and normal course of human conduct. The Hon’ble ITAT, Mumbai Bench, Mumbai in case of ITO v. Anant Shelters Pvt Ltd 51 SOT 234 (Mum) has enumerated certain legal principles regarding cash credits u/s 68 as under: A.Ys. 2010-11 & 2012-13 Mohit Deepak Kamboj a) Section 68 can be invoked when there is a credit of sum of money in the books maintained by the assesse during the previous year and either the assesse offers no explanation about the nature and source of such credit…

DCIT 4 (3)(1), MUMBAI vs. MOHIT DEEPAK KAMBOJ, MUMBAI

ITA 6384/MUM/2018[2010-11]Status: DisposedITAT Mumbai28 Sept 2022AY 2010-11

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…e evidences adduced by the assessee have to be examined not superficially but in depth and having regard to the test of the human probabilities and normal course of human conduct. The Hon’ble ITAT, Mumbai Bench, Mumbai in case of ITO v. Anant Shelters Pvt Ltd 51 SOT 234 (Mum) has enumerated certain legal principles regarding cash credits u/s 68 as under: A.Ys. 2010-11 & 2012-13 Mohit Deepak Kamboj a) Section 68 can be invoked when there is a credit of sum of money in the books maintained by the assesse during the previous year and either the assesse offers no explanation about the nature and source of such credit…

ACIT 26(3), MUMBAI vs. UMAKANT LAXMIDAS MANANIA , MUMBAI

The appeal stand dismissed

ITA 1217/MUM/2020[2014-15]Status: DisposedITAT Mumbai13 Sept 2021AY 2014-15

Bench: Hon’Ble Shri Pavan Kumar Gadale, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) 1. आयकरअपील सं./ I.T.A. No.1217/Mum/2020 (धििाारण वर्ा / Assessment Year: 2014-15) Acit-26(3) Ms. Vishakha U. Manania R. No. 332, 3Rd Floor, Kautilya Bhavan, (Legal Heir Of Late Shri Umakant बिाम/ Bandra Kurla Complex, Bandra East, Laxmidas Manania) 131/6, 1St Floor, Mani Bhuvan Mumbai-400 051 Vs. Jain Society, Sion(W) Mumbai-400 037 स्थायीलेखासं./जीआइआरसं./ Pan/Gir No. Aacpm-0540-R (अपीलाथी/Appellant) : (प्रत्यथी / Respondent) अपीलाथीकीओरसे/ Appellant By : Ms. Usha Gaikwad-Ld. Sr. Dr प्रत्यथीकीओरसे/Respondent By : Shri Suchek Anchaliya -Ld. Ar सुनवाईकीतारीख/ : 08/09/2021 Date Of Hearing घोषणाकीतारीख / : 13/09/2021 Date Of Pronouncement आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Revenue For Assessment Year (Ay) 2014-15 Arises Out Of The Order Of Learned Commissioner Of Income-Tax (Appeals)-38, Mumbai [Cit(A)], Dated 27/11/2019 In The Matter Of Assessment Framed By Ld. Assessing Officer (Ao) U/S 143(3) On 30/12/2016. The Ground Read As Under: -

For Appellant: Ms. Usha Gaikwad-Ld. Sr. DRFor Respondent: Shri Suchek Anchaliya -Ld. AR
Section 131(1)(d)Section 133(6)Section 143(3)Section 69A

…1 आयकर अपीलीय अधिकरण “एफ” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI माननीय श्री पवन कुमार गडाले, न्याययक सदस्य एवं माननीय श्री मनोज कुमार अग्रवाल ,लेखा सदस्य के समक्ष। BEFORE HON’BLE SHRI PAVAN KUMAR GADALE, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM (Hearing through Video Conferencing Mode) 1. आयकरअपील सं./ I.T.A. No.1217/Mum/2020 (धििाारण वर्ा / Assessment Year: 2014-15) ACIT-26(3) Ms. Vishakha U. Manania R. No. 332, 3rd floor, Kautilya Bhavan, (Legal heir of Late Shri Umakant बिाम/ Bandra Kurla Complex, Bandra East, Laxmidas Manania) 131/6, 1st floor, Mani Bhuvan Mumbai-400…

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ITO v. Anant Shelters Pvt. Ltd. (51 SOT 234) — Cited in 22 Judgments | BharatTax