PCIT v. Indravadan Jain HUF

DCIT (CC)-8(4), MUMBAI vs. REENA RATNESH JAIN , MUMBAI

In the result, the appeal is dismissed

Bench: Shri Saktijit Dey & Shri Makarand Vasant Mahadeokardcit(Cc)-8(4) Reena Ratnesh Jain Room No. 659, 6Th Floor, 902/903, A Wing, Kalinga Tower, Aayakar Bhavan, M. K. Road, Vs. Nirmal Nagar, Near D-Mart, Mumbai-400 020 Mulund (W), Mumbai-400 080 Pan/Gir No. Aeapj 6605 C (Appellant) : (Respondent) Appellant By : Shri Bhadresh Doshi Respondent By : Shri Annavaram Kosuri (Sr. Ar) Date Of Hearing : 03.02.2026 Date Of Pronouncement : 06.02.2026 O R D E R Per Saktijit Dey: This Is An Appeal By The Department, Against Order Dated 26.03.2025 Of Learned Commissioner Of Income Tax (Appeals), Mumbai (‘Ld.Cit(A) For Short), Pertaining To The Assessment Year (A.Y.) 2016-17. 2. Though, The Department Has Raised Multiple Grounds, However, The Dispute In Short Is In Relation To Deletion Of Addition Made Of Rs.80,23,019/-, Being Bogus Long Term Capital Gain (‘Ltcg’ For Short) Added U/S. 68 Of The Income Tax Act, 1961 (‘The Act’ For Short) & Addition Of An Amount Of Rs.80,230/-, Being Commission Paid By The Assessee For Arranging The Accommodation Entry Of Bogus Ltcg.

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT AND SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER DCIT(CC)-8(4) Reena Ratnesh Jain Room No. 659, 6th Floor, 902/903, A Wing, Kalinga Tower, Aayakar Bhavan, M. K. Road, Vs. Nirmal Nagar, Near D-Mart, Mumbai-400 020 Mulund (W), Mumbai-400 080 PAN/GIR No. AEAPJ 6605 C (Appellant) : (Respondent) Appellant by : Shri Bhadresh Doshi Respondent by : Shri Annavaram Kosuri (Sr. AR) Date of Hearing : 03.02.2026 Date of Pronouncement : 06.02.2026 O R D E R Per Saktijit Dey, Vice President: This is an appeal by the department,…

SUDHEER CHIRANIA,MUMBAI vs. THE INCOME TAX OFFICER, WARD - 23(3)(7), MUMBAI

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

Bench: Shri Saktijit Dey & Shri Jagadishassessment Year: 2012-13

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘G’ BENCH: MUMBAI BEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT AND SHRI JAGADISH, ACCOUNTANT MEMBER Assessment Year: 2012-13 Sudheer Chirania The Income Tax Officer, Ward – 301, Sona Chambers, 507/509 JSS Vs. 23(3)(7), Mumbai Road, Chira Bazar, Marine Lines- ITO, Piramal Chamber, Lalbaug East, Mumbai- 4000002 PAN: AAGPC2884A (Appellant) (Respondent) Appellant by : Ms. Simran Dhawan & Mr. Ravi Gantara, Advocate Respondent by : Shri Arun Kanti Datta, CIT DR सुनवाई की तारीख/Date of Hearing : 17.12.2025 घोषणा की तारीख /Date of Pronouncement : 16.01.2026 O R D E R PER JAGADIS…

NEELAM SANJAY MEHTA ,MUMBAI vs. NFAC, DELHI

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

Bench: Shri Narender Kumar Choudhry (Jm) A N D Shri Prabhash Shankar (Am) Smt. Neelam Sanjay Mehta Ito, Ward 19(2)(4), 2/78-80, Gora Gandhi Building, C.P. Mumbai/ Nfac, Delhi Tank Road Vs. Mumbai-400 004. Pan : Ayzpm8574E Appellant Respondent Assessee By : Shri Vimal Punmiya, Ld. Ca Revenue By : Shri Leyaqat Ali Aafaqui, Ld. Sr. Dr Date Of Hearing : 01/10/2025 Date Of Pronouncement : 17/12/2025 O R D E R Per Narender Kumar Choudhry (Jm) :- This Appeal Has Been Preferred By The Assessee Against The Order Dated 20.9.2024 Impugned Herein Passed By The Learned Commissioner Of Income Tax/Nfac, Delhi (In Short Ld. Commissioner) Under Section 250 Of The Income Tax Act, 1961 (In Short ‘Act’) For A.Y. 2015-16. 2. In The Instant Case, The Assessee Being An Individual Deriving Income From Salary, House Property, Capital Gain & Other Sources Had Declared Her Total Income At Rs. 4,63,750/- By Filing Her Return Of Income On Dated 1.9.2015 For The Assessment Year Under Consideration. Subsequently, Case Of The Assessee Was Reopened Under Section 147 Of The Act, With The Reason That The Assessee Is One Of The Beneficiaries, Who Has Made Sale Of Shares, Wherein Trading Quantity Is Higher Than ‘Buy Trades Quantity’ Of The Scrip M/S. Toyam Industries Ltd. To The Tune Of Rs. 1,99,12,777/- & Accordingly, Statutory Notices Were Issued To The Assessee. In Response To Which, The Assessee Filed Relevant Details & The Documents, Such As Purchase Documents, Sale Contract Note, Bank Statement Etc. Qua Purchase & Sale Of Shares Of Scrip Namely M/S. Toyam Industries Ltd. .

…IN THE INCOME TAX APPELLATE TRIBUNAL Mumbai “B” Bench, Mumbai. Before Shri Narender Kumar Choudhry (JM) A N D Shri Prabhash Shankar (AM) Smt. Neelam Sanjay Mehta ITO, Ward 19(2)(4), 2/78-80, Gora Gandhi Building, C.P. Mumbai/ NFAC, Delhi Tank Road Vs. Mumbai-400 004. PAN : AYZPM8574E Appellant Respondent Assessee by : Shri Vimal Punmiya, Ld. CA Revenue by : Shri Leyaqat Ali Aafaqui, Ld. Sr. DR Date of Hearing : 01/10/2025 Date of pronouncement : 17/12/2025 O R D E R Per Narender Kumar Choudhry (JM) :- This appeal has been preferred by the assessee against the order dated 20.9.2024 impugned herein passed by the…

HEMLATA PARESH SURANA ,MUMBAI vs. ITO , WARD 19(1)(1), MUMBAI

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

Bench: Shri Narender Kumar Choudhry, Jm Hemlata Paresh Surana I.T.O. Ward 19(1)(1), 4-A, 30-B, Taj Building, A. K. Mumbai Marg, Gowalia Tank, Mumbai Vs. – 400 036. Pan/Gir No. Abeps6199P (Appellant) : (Respondent) Assessee By : Shri R. M. Jain Respondent By : Shri Sandeep Jumale, Sr. Dr Date Of Hearing : 19.11.2025 Date Of Pronouncement : 28.11.2025 O R D E R Per Narender Kumar Choudhry, J M: This Appeal Has Been Preferred By The Assessee Against The Order Dated 24.07.2025, Impugned Herein, Passed By The Ld. Commissioner Of Income Tax (Appeals) 48, Mumbai (In Short Ld. Commissioner) U/S 250 Of The Income Tax Act, 1961 (In Short ‘The Act’) For The A.Y. 2018-19. 2. In The Instant Case, The Assessee Has Sold 20,500 Shares Of Ammltd/Apu Marketing/Eject Marketing On A Total Consideration Of Rs. 14,92,810/- On Dated 01.02.2018 Through Online Platform/Bombay Exchange & Therefore Has Earned Long Term Capital Gain Of Rs. 12,87,180/- & Claimed The Same As Exempt U/S. 10(38) Of The Act. Hemlata Paresh Surana

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JM Hemlata Paresh Surana I.T.O. Ward 19(1)(1), 4-A, 30-B, Taj Building, A. K. Mumbai Marg, Gowalia Tank, Mumbai Vs. – 400 036. PAN/GIR No. ABEPS6199P (Appellant) : (Respondent) Assessee by : Shri R. M. Jain Respondent by : Shri Sandeep Jumale, SR. DR Date of Hearing : 19.11.2025 Date of Pronouncement : 28.11.2025 O R D E R Per Narender Kumar Choudhry, J M: This appeal has been preferred by the assessee against the order dated 24.07.2025, impugned herein, passed by the Ld. Commissioner of Income Tax (Appeals) 48, Mumbai (…

VIJAYA PRAKASH NAGORI ,MUMBAI vs. ITO WARD 32(2)(1), MUMBAI

Bench: Hon’Ble Shri Sandeep Gosain& Shri Om Prakash Kantvijaya Prakash Nagori Vs. Ito, Ward, 32(2)(1) 409/C, Abhar Jp Road, Kautilya Bhawan, C-41- Seven Bungalows, Andhere 43, Avenue, 3, Near (W), Mumbai – 400 061. Videsh Bhavan, G Block Bkc Pan/Gir No. Aekpr2943H (Applicant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH MUMBAI BEFORE HON’BLE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER& SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER Vijaya Prakash Nagori Vs. ITO, Ward, 32(2)(1) 409/C, Abhar JP Road, Kautilya Bhawan, C-41- Seven Bungalows, Andhere 43, Avenue, 3, Near (W), Mumbai – 400 061. Videsh Bhavan, G Block BKC PAN/GIR No. AEKPR2943H (Applicant) (Respondent) Assessee by Shri Bharat Kumar Revenue by Ms. Kavitha Kaushik, Sr. DR Date of Hearing 10.11.2025 Date of Pronouncement 26.11.2025 आदेश / ORDER PER SANDEEP GOSAIN, JM: The present appeal has been filed by the assessee challenging the imp…

NARENDRA SHANTILAL BAPNA,NAVI MUMBAI vs. INCOME TAX OFFICER, WD-28(2)(3), MUMBAI, MUMBAI

In the result, appeal filed by the assessee stands allowed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankarnarendra Shantilal Bapna V/S. Income Tax Officer, Ward – Flat No. A2501, Plot No. R3 बनाम 28(2)(3) B Emerald Bay, Sector 14, 4Th Floor, Tower No. 6, Vashi Nerul, Navi Mumbai – Station Complex, Vashi, Navi 400 706, Maharashtra Mumbai– 400703, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aclpb8458J Appellant/अपीलार्थी .. Respondent/प्रतिवादी

…IN THE INCOME-TAX APPELLATE TRIBUNAL”B” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER Narendra Shantilal Bapna v/s. Income Tax Officer, Ward – Flat No. A2501, Plot No. R3 बनाम 28(2)(3) B Emerald Bay, Sector 14, 4th Floor, Tower No. 6, Vashi Nerul, Navi Mumbai – Station Complex, Vashi, Navi 400 706, Maharashtra Mumbai– 400703, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: ACLPB8458J Appellant/अपीलार्थी .. Respondent/प्रतिवादी Appellant by : Shri Prakash Jhunjhunwala, AR Respondent by : Shri Leyaqat Ali Aafaqui, (Sr.DR) Date of Hearing 30.09.20…

SALONI GIRRAJKISHOR AGRAWAL,MUMBAI vs. INCOME TAX OFFICER, WARD - 25(1)(1), MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Justice (Retd.) C. V. Bhadang & Shri Prabhash Shankarsaloni Girrajkishor Agrawal V/S. Income Tax Officer, Ward 1601/1602, Green Acre, बनाम –25(1)(1),Kautilya Bhavan, Lokhandwala Complex, Andheri Bandra Kurla Complex, (West), Mumbai – 400 053, Bandra (East), Mumbai – Maharashtra 400051, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Anupa1692D Appellant/अपीलार्थी .. Respondent/प्रतिवादी

…IN THE INCOME-TAX APPELLATE TRIBUNAL“G” BENCH, MUMBAI BEFORE JUSTICE (RETD.) C. V. BHADANG, PRESIDENT & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER Saloni Girrajkishor Agrawal v/s. Income Tax Officer, Ward 1601/1602, Green Acre, बनाम –25(1)(1),Kautilya Bhavan, Lokhandwala Complex, Andheri Bandra Kurla Complex, (West), Mumbai – 400 053, Bandra (East), Mumbai – Maharashtra 400051, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: ANUPA1692D Appellant/अपीलार्थी .. Respondent/प्रतिवादी Appellant by : Shri Prakash Jhunjhunwala, AR Respondent by : Shri Swapnil Choudhary, (Sr. DR) Date of Hearing 16.10.2025 Date of Pr…

DEVANG BHUPENDRA SHAH,MUMBAI vs. INCOME TAX OFFICER 32(1)(4), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankardevang Bhupendra Shah, V/S. Income Tax Officer, Ward – B/9, Neminath Apt., बनाम 32(1)(4), Kautilya Bhavan, Shimpoli Road, Borivali Bandra Kurla Complex, West, Mumbai – 400 092, Bandra (East), Mumbai– Maharashtra 400051, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aadps1211L Appellant/अपीलार्थी .. Respondent/प्रतिवादी

…IN THE INCOME-TAX APPELLATE TRIBUNAL“D” BENCH, MUMBAI BEFORE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER Devang Bhupendra Shah, v/s. Income Tax Officer, Ward – B/9, Neminath Apt., बनाम 32(1)(4), Kautilya Bhavan, Shimpoli Road, Borivali Bandra Kurla Complex, West, Mumbai – 400 092, Bandra (East), Mumbai– Maharashtra 400051, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AADPS1211L Appellant/अपीलार्थी .. Respondent/प्रतिवादी Appellant by : Shri Rahul Kapadia,AR Respondent by : Shri Annavaran Kasuri, (Sr. AR) Date of Hearing 11.08.2025 Date of Pronouncement 13.10.2025 आदेश…

SANGEETA KALPESH CHAWALLA,MUMBAI vs. ITO WARD 19(3)(2), MUMBAI

In the result, the appeal of the Assessee is allowed

Bench: Shri Narender Kumar Choudhryassessment Year: 2012-13

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER Assessment Year: 2012-13 Ms. Sangeeta Kalpesh Income Tax Officer, Chawala, (Individual) Ward 19(3)(2), A 67, Darya Mahal, Matru Mandir Vs. Behind Walshigaham School, Income Tax Office, 12th Floor, Napean Sea Road, Mumbai, Mumbai – 400 0006 Maharashtra – 400 007 PAN: ADGPC0339M (Appellant) (Respondent) Present for: Assessee by : None Revenue by : Shri Kavan Limbasiya, Ld. Sr. D.R. Date of Hearing : 12.06.2025 Date of Pronouncement : 28.07.2025 O R D E R Per : Narender Kumar Choudhry, Judicia…

ITO, WARD 16(2)(1), MUMBAI, MUMBAI vs. LAXMILAL SETHIA, MUMBAI

In the result, both, appeal of the Revenue and the cross objection filed by the assessee are dismissed

Bench: Shri Pawan Singh & Shri Girish Agrawalassessment Year: 2011-12

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER Assessment Year: 2011-12 Income Tax Officer, Laxmilal Sethia Flat No. 502, Samatha Complex, Ward 16(2)(1), Ostwal Tower TPS-3, Room No, 443, Aayakar Vs. Shimpoli Road, Bhawan, Borivali West, New Marine Lines, 400092. Mumbai-400020. (PAN: AADPS1536L) (Appellant) (Respondent) C.O No. 59/MUM/2025 (Arising out of ITA No. 588/MUM/2025) Laxmilal Sethia Income Tax Officer Flat No. 502, Samatha Ward 16(2)(1), Complex, Room No, 443, Aaykar Bhavan, Ostwal Tower TPS-3, New Marine L…