Moongipa Dev. & Inf. Ltd. v. DCIT, Mum

189 ITD 388Income Tax Appellate Tribunal2021#15166 most cited
6

judgments rely on this decision, according to BharatTax’s citation analysis of 346,713 Indian tax judgments — from 2023 to 2024.

Also reported as

127 Taxmann.com 808

Issues it is cited on

jewellery found during searchunexplained jewellerysummons under section 131accumulated profitscorpus donationsection 271aabpaper companysource of sourcesection 131(1a)colourable deviceviolation of natural justicebeneficial owner

Judgments citing Moongipa Dev. & Inf. Ltd. v. DCIT, Mum

Samarth Lifestyle Retailing Pvt. Ltd., Jaipur vs. DCIT, Circle-6, Jaipur

In the result, the appeal of the assessee is allowed

ITA 621/JPR/2024[2011-12]Status: DisposedITAT Jaipur17 Oct 2024AY 2011-12
For Appellant: Shri P. C. Parwal, CAFor Respondent: Shri Sanjay Nargas, Addl. CIT
Section 143(1)Section 143(3)Section 147Section 148Section 68

…reditworthiness of the investors and the genuineness of the transaction stands duly discharged by the assessee and therefore, no addition can be made u/s 68 simply on the basis of the report of the Investigation Wing. Moongipa Dev. & Inf. Ltd. Vs. DCIT (2021) 189 ITD 388 (Mum.) (Trib.) Where assessee company received share capital/ share premium from various entities and assessee had submitted share application form, copy of share certificates, copy of board resolution, certificate of incorporation, etc. with respect to all investor entities and all investor entities had sufficient net worth to make investment in…

ACIT, Central Circle, Ghaziabad vs. Jaipal Singh Sharma Trust, Ghaziabad

In the result, the appeal of the assessees is allowed and the appeals of the Revenue are dismissed

ITA 2127/DEL/2022[2017-18]Status: DisposedITAT Delhi16 Oct 2023AY 2017-18

Bench: Sh. C. M. Gargdr. B. R. R. Kumar

For Appellant: Sh. Rajiv Khandelwal, CA &For Respondent: Mr. Waseem Arshad, CIT-DR
Section 115BSection 234ASection 271ASection 68Section 69A

…ses before us:  Abhijavala developers (P.) Ltd. vs ITO 9(1)(1), Mumbai, [2021] 124 taxmann.com 72 (Mumbai - Trib.)/[2021[ 187 ITD 222 (Mumbai - Trib.)[03-12- 2020],  Moongipa Dev. & Inf. Ltd. vs DCIT, Mum. [2021] 127 taxmann.com 808 (Mumbai — Trib.)/[2021] 189 ITD 388 (Mumbai — Trib.) [03-05-2021]  PCIT-5 vs Laxman Industrial Resources Ltd., [2017] taxmann.com 648 (Delhi)/(2017) 397 ITR 106 (Delhi[14- 03-2017]  Bini Builders (P) Ltd. vs DCIT, Central range-7(3), [2020] 118 taxmann.com 447 (Mumbai-Trib [2020] 185 ITD 236 (Mumbai-Trib.[12-03-2020)  Ancon Chemplast (P) Ltd. vs ITO, Ward-2(4), New Delhi, [2021]…

ACIT, Central Circle, Ghaziabad vs. Jaipal Singh Sharma Trust, Ghaziabad

In the result, the appeal of the assessees is allowed and the appeals of the Revenue are dismissed

ITA 2126/DEL/2022[2016-17]Status: DisposedITAT Delhi16 Oct 2023AY 2016-17

Bench: Sh. C. M. Gargdr. B. R. R. Kumar

For Appellant: Sh. Rajiv Khandelwal, CA &For Respondent: Mr. Waseem Arshad, CIT-DR
Section 115BSection 234ASection 271ASection 68Section 69A

…ses before us:  Abhijavala developers (P.) Ltd. vs ITO 9(1)(1), Mumbai, [2021] 124 taxmann.com 72 (Mumbai - Trib.)/[2021[ 187 ITD 222 (Mumbai - Trib.)[03-12- 2020],  Moongipa Dev. & Inf. Ltd. vs DCIT, Mum. [2021] 127 taxmann.com 808 (Mumbai — Trib.)/[2021] 189 ITD 388 (Mumbai — Trib.) [03-05-2021]  PCIT-5 vs Laxman Industrial Resources Ltd., [2017] taxmann.com 648 (Delhi)/(2017) 397 ITR 106 (Delhi[14- 03-2017]  Bini Builders (P) Ltd. vs DCIT, Central range-7(3), [2020] 118 taxmann.com 447 (Mumbai-Trib [2020] 185 ITD 236 (Mumbai-Trib.[12-03-2020)  Ancon Chemplast (P) Ltd. vs ITO, Ward-2(4), New Delhi, [2021]…

Ait, Central Circle, Ghaziabad vs. Ankit Sharma, Ghaziabad

In the result, the appeal of the assessees is allowed and the appeals of the Revenue are dismissed

ITA 2125/DEL/2022[2016-17]Status: DisposedITAT Delhi16 Oct 2023AY 2016-17

Bench: Sh. C. M. Gargdr. B. R. R. Kumar

For Appellant: Sh. Rajiv Khandelwal, CA &For Respondent: Mr. Waseem Arshad, CIT-DR
Section 115BSection 234ASection 271ASection 68Section 69A

…ses before us:  Abhijavala developers (P.) Ltd. vs ITO 9(1)(1), Mumbai, [2021] 124 taxmann.com 72 (Mumbai - Trib.)/[2021[ 187 ITD 222 (Mumbai - Trib.)[03-12- 2020],  Moongipa Dev. & Inf. Ltd. vs DCIT, Mum. [2021] 127 taxmann.com 808 (Mumbai — Trib.)/[2021] 189 ITD 388 (Mumbai — Trib.) [03-05-2021]  PCIT-5 vs Laxman Industrial Resources Ltd., [2017] taxmann.com 648 (Delhi)/(2017) 397 ITR 106 (Delhi[14- 03-2017]  Bini Builders (P) Ltd. vs DCIT, Central range-7(3), [2020] 118 taxmann.com 447 (Mumbai-Trib [2020] 185 ITD 236 (Mumbai-Trib.[12-03-2020)  Ancon Chemplast (P) Ltd. vs ITO, Ward-2(4), New Delhi, [2021]…

ACIT, Central Circle, Ghaziabad vs. Nidhi Sharma, New Delhi

In the result, the appeal of the assessees is allowed and the appeals of the Revenue are dismissed

ITA 2124/DEL/2022[2016-17]Status: DisposedITAT Delhi16 Oct 2023AY 2016-17

Bench: Sh. C. M. Gargdr. B. R. R. Kumar

For Appellant: Sh. Rajiv Khandelwal, CA &For Respondent: Mr. Waseem Arshad, CIT-DR
Section 115BSection 234ASection 271ASection 68Section 69A

…ses before us:  Abhijavala developers (P.) Ltd. vs ITO 9(1)(1), Mumbai, [2021] 124 taxmann.com 72 (Mumbai - Trib.)/[2021[ 187 ITD 222 (Mumbai - Trib.)[03-12- 2020],  Moongipa Dev. & Inf. Ltd. vs DCIT, Mum. [2021] 127 taxmann.com 808 (Mumbai — Trib.)/[2021] 189 ITD 388 (Mumbai — Trib.) [03-05-2021]  PCIT-5 vs Laxman Industrial Resources Ltd., [2017] taxmann.com 648 (Delhi)/(2017) 397 ITR 106 (Delhi[14- 03-2017]  Bini Builders (P) Ltd. vs DCIT, Central range-7(3), [2020] 118 taxmann.com 447 (Mumbai-Trib [2020] 185 ITD 236 (Mumbai-Trib.[12-03-2020)  Ancon Chemplast (P) Ltd. vs ITO, Ward-2(4), New Delhi, [2021]…

Ankit Sharma, Ghaziabad vs. DCIT, Central Circle, Ghaziabad

In the result, the appeal of the assessees is allowed and the appeals of the Revenue are dismissed

ITA 1842/DEL/2022[2019-20]Status: DisposedITAT Delhi16 Oct 2023AY 2019-20

Bench: Sh. C. M. Gargdr. B. R. R. Kumar

For Appellant: Sh. Rajiv Khandelwal, CA &For Respondent: Mr. Waseem Arshad, CIT-DR
Section 115BSection 234ASection 271ASection 68Section 69A

…ses before us:  Abhijavala developers (P.) Ltd. vs ITO 9(1)(1), Mumbai, [2021] 124 taxmann.com 72 (Mumbai - Trib.)/[2021[ 187 ITD 222 (Mumbai - Trib.)[03-12- 2020],  Moongipa Dev. & Inf. Ltd. vs DCIT, Mum. [2021] 127 taxmann.com 808 (Mumbai — Trib.)/[2021] 189 ITD 388 (Mumbai — Trib.) [03-05-2021]  PCIT-5 vs Laxman Industrial Resources Ltd., [2017] taxmann.com 648 (Delhi)/(2017) 397 ITR 106 (Delhi[14- 03-2017]  Bini Builders (P) Ltd. vs DCIT, Central range-7(3), [2020] 118 taxmann.com 447 (Mumbai-Trib [2020] 185 ITD 236 (Mumbai-Trib.[12-03-2020)  Ancon Chemplast (P) Ltd. vs ITO, Ward-2(4), New Delhi, [2021]…

Moongipa Dev. & Inf. Ltd. v. DCIT, Mum (189 ITD 388) — Cited in 6 Judgments | BharatTax