JCIT (OSD) Cen Cir 39, Mumbai vs. Krupa Land Ltd, Mumbai
In the result, appeals of the assessee are allowed whereas appeal of the Revenue is dismissed
ITA 604/MUM/2012[2009-10]Status: DisposedITAT Mumbai18 Oct 2018AY 2009-10
Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm The Jt. Commissioner Of Vs. M/S. Krupa Land Limited Income Tax (Osd), Cc-39 11, B-Wing, Mittal Towers Mumbai Free Press Journal Marg R.No.32(1), Ground Floor Nariman Point Aayakar Bhavan, M.K.Road Mumbai – 400 021 Mumbai – 400 020 Pan/Gir No. Aadck1521E Appellant) .. Respondent)
Section 132Section 143(3)Section 153C
…203 (Delhi) d) N.R.Malhan v. DCIT (2004) 91 TTJ 908 (Delhi) e) Amarjit Singh Baxi v. ACIT (2004) 263 ITR (AT) 75 f) ACIT v. Ashokkumar Vig (2008) 15 SOT 85 (Ranchi) g) MM Financiers v. DCIT (2007) 17 SOT 5 (Chennal) h) Pankaj Dayabhai Patel HUF v. ACIT (1999) 63 TTJ 790 (Ahd.) I) Radhe Developers (2010) 329 ITR 1 (Guj). j) Shri Kapidev vs. JCIT (Spl. Range, Delhi) ITA No.2259/Del/2002/A.Y. 1997-98 dated 22.03.2012. It is evident that the addition of Rs.38.45 crore and Rs.5.01 crore is based only on conjectures and surmises. There is no corroborative evidence on record to prove that the appellant has actually incu…