PCIT v. Mohommad Haji Adam & Co.

103 Taxmann.com 459High Court2019#688 most cited

What is PCIT v. Mohommad Haji Adam & Co. authority for?

Where purchases are found to be bogus, the profit element embedded in such purchases is to be brought to tax, not the entire purchase value. An addition for non-genuine purchases may be justified.

146

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2022 to 2026.

Also referred to as

PCIT v. Mohommad Haji Adam & Co. · 103 Taxmann.com 459 · bogus purchases · non-genuine purchases · profit element addition · business income

Sections most often in play

Section 147Section 143(3)Section 69CSection 133(6)Section 148Section 132(4)Section 131Section 37(1)

Issues it is cited on

gaarsection 194qsection 245hsection 158bb(1)section 245csection 131(1)section 269tthird party informationsection 245d(4)explanation to section 37statement under section 132(4)full and true disclosure

Judgments citing PCIT v. Mohommad Haji Adam & Co.

Konark Infrastructure (Water Supply-Umc) (J/V), Thane vs. DCIT Central Circle - 4, Thane

In the result, all the appeals of the Revenue are dismissed and the appeals of the assessee for AY 2013-14 is allowed, for AYs

ITA 3024/MUM/2023[2017-18]Status: DisposedITAT Mumbai27 Feb 2024AY 2017-18

Bench: Shri Br Baskaran, Am & Shri Aby T. Varkey, Jm आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ Dcit, Central Circle – 4 (Water Supply-Umc) (J/V) 6Th Floor, Ashar It Park, Vs. 1St Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Dcit, Central Circle – 4 बिधम/ Konark Infrastructure 6Th Floor, Ashar It Park, (Water Supply-Umc) Vs. 16Z, Waghle Estate, Thane (J/V) (W) 1St Floor, Sapna Talkies, Konark Plaza, Near Sapna Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Vijay Mehta Revenue By: Shri Biswanant Das, Cit Dr सुनवाई की तारीख / Date Of Hearing: 06 & 14/02/2024 घोषणा की तारीख /Date Of Pronouncement: 27/02/2024 आदेश / O R D E R Per Bench All These Appeals Preferred By The Revenue & The Assessee Are Against The Orders Of The Ld. Cit(A)-11, Pune, All Dated 30-06- 2023 For Ays 2013-14, 2014-15, 2015-16 & Ay 2017-18. Since The Issues Involved Are Common, All The Appeals Have Been Heard Together. Both The Parties Also Raised Similar Arguments On These A.Ys. 2013-14 To 2015-16 Konark Infrastructure., Issues. Accordingly, We Dispose Off All These Appeals By This Consolidated Order For The Sake Of Convenience.

For Appellant: Shri Vijay MehtaFor Respondent: Shri Biswanant Das, CIT DR
Section 132Section 139(1)Section 153CSection 245C(1)Section 245D(4)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI BR BASKARAN, AM & SHRI ABY T. VARKEY, JM आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ DCIT, Central Circle – 4 (Water Supply-UMC) (J/V) 6th Floor, Ashar IT park, Vs. 1st Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAAK9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (न…

Konark Infrastructure ( Water Supply- Umc) (J/V), Ulhasnagar vs. DCIT, Central Circle - 4, Thane

In the result, all the appeals of the Revenue are dismissed and the appeals of the assessee for AY 2013-14 is allowed, for AYs

ITA 3023/MUM/2023[2015-16]Status: DisposedITAT Mumbai27 Feb 2024AY 2015-16

Bench: Shri Br Baskaran, Am & Shri Aby T. Varkey, Jm आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ Dcit, Central Circle – 4 (Water Supply-Umc) (J/V) 6Th Floor, Ashar It Park, Vs. 1St Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Dcit, Central Circle – 4 बिधम/ Konark Infrastructure 6Th Floor, Ashar It Park, (Water Supply-Umc) Vs. 16Z, Waghle Estate, Thane (J/V) (W) 1St Floor, Sapna Talkies, Konark Plaza, Near Sapna Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Vijay Mehta Revenue By: Shri Biswanant Das, Cit Dr सुनवाई की तारीख / Date Of Hearing: 06 & 14/02/2024 घोषणा की तारीख /Date Of Pronouncement: 27/02/2024 आदेश / O R D E R Per Bench All These Appeals Preferred By The Revenue & The Assessee Are Against The Orders Of The Ld. Cit(A)-11, Pune, All Dated 30-06- 2023 For Ays 2013-14, 2014-15, 2015-16 & Ay 2017-18. Since The Issues Involved Are Common, All The Appeals Have Been Heard Together. Both The Parties Also Raised Similar Arguments On These A.Ys. 2013-14 To 2015-16 Konark Infrastructure., Issues. Accordingly, We Dispose Off All These Appeals By This Consolidated Order For The Sake Of Convenience.

For Appellant: Shri Vijay MehtaFor Respondent: Shri Biswanant Das, CIT DR
Section 132Section 139(1)Section 153CSection 245C(1)Section 245D(4)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI BR BASKARAN, AM & SHRI ABY T. VARKEY, JM आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ DCIT, Central Circle – 4 (Water Supply-UMC) (J/V) 6th Floor, Ashar IT park, Vs. 1st Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAAK9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (न…

Konark Infrastructure (Water Supply - Umc) (J/V), Ulhasnagar vs. DCIT Central Circle - 4, Thane

In the result, all the appeals of the Revenue are dismissed and the appeals of the assessee for AY 2013-14 is allowed, for AYs

ITA 3022/MUM/2023[2014-15]Status: DisposedITAT Mumbai27 Feb 2024AY 2014-15

Bench: Shri Br Baskaran, Am & Shri Aby T. Varkey, Jm आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ Dcit, Central Circle – 4 (Water Supply-Umc) (J/V) 6Th Floor, Ashar It Park, Vs. 1St Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Dcit, Central Circle – 4 बिधम/ Konark Infrastructure 6Th Floor, Ashar It Park, (Water Supply-Umc) Vs. 16Z, Waghle Estate, Thane (J/V) (W) 1St Floor, Sapna Talkies, Konark Plaza, Near Sapna Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Vijay Mehta Revenue By: Shri Biswanant Das, Cit Dr सुनवाई की तारीख / Date Of Hearing: 06 & 14/02/2024 घोषणा की तारीख /Date Of Pronouncement: 27/02/2024 आदेश / O R D E R Per Bench All These Appeals Preferred By The Revenue & The Assessee Are Against The Orders Of The Ld. Cit(A)-11, Pune, All Dated 30-06- 2023 For Ays 2013-14, 2014-15, 2015-16 & Ay 2017-18. Since The Issues Involved Are Common, All The Appeals Have Been Heard Together. Both The Parties Also Raised Similar Arguments On These A.Ys. 2013-14 To 2015-16 Konark Infrastructure., Issues. Accordingly, We Dispose Off All These Appeals By This Consolidated Order For The Sake Of Convenience.

For Appellant: Shri Vijay MehtaFor Respondent: Shri Biswanant Das, CIT DR
Section 132Section 139(1)Section 153CSection 245C(1)Section 245D(4)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI BR BASKARAN, AM & SHRI ABY T. VARKEY, JM आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ DCIT, Central Circle – 4 (Water Supply-UMC) (J/V) 6th Floor, Ashar IT park, Vs. 1st Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAAK9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (न…

Konark Infrastructure (Water Supply - Umc) (J/V), Ulhasnagar vs. DCIT Central Circle -4, Thane

In the result, all the appeals of the Revenue are dismissed and the appeals of the assessee for AY 2013-14 is allowed, for AYs

ITA 3021/MUM/2023[2013-14]Status: DisposedITAT Mumbai27 Feb 2024AY 2013-14

Bench: Shri Br Baskaran, Am & Shri Aby T. Varkey, Jm आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ Dcit, Central Circle – 4 (Water Supply-Umc) (J/V) 6Th Floor, Ashar It Park, Vs. 1St Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Dcit, Central Circle – 4 बिधम/ Konark Infrastructure 6Th Floor, Ashar It Park, (Water Supply-Umc) Vs. 16Z, Waghle Estate, Thane (J/V) (W) 1St Floor, Sapna Talkies, Konark Plaza, Near Sapna Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaak9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Vijay Mehta Revenue By: Shri Biswanant Das, Cit Dr सुनवाई की तारीख / Date Of Hearing: 06 & 14/02/2024 घोषणा की तारीख /Date Of Pronouncement: 27/02/2024 आदेश / O R D E R Per Bench All These Appeals Preferred By The Revenue & The Assessee Are Against The Orders Of The Ld. Cit(A)-11, Pune, All Dated 30-06- 2023 For Ays 2013-14, 2014-15, 2015-16 & Ay 2017-18. Since The Issues Involved Are Common, All The Appeals Have Been Heard Together. Both The Parties Also Raised Similar Arguments On These A.Ys. 2013-14 To 2015-16 Konark Infrastructure., Issues. Accordingly, We Dispose Off All These Appeals By This Consolidated Order For The Sake Of Convenience.

For Appellant: Shri Vijay MehtaFor Respondent: Shri Biswanant Das, CIT DR
Section 132Section 139(1)Section 153CSection 245C(1)Section 245D(4)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI BR BASKARAN, AM & SHRI ABY T. VARKEY, JM आयकर अपील सं/ I.T.A. Nos. 3021, 3022, 3023 & 3024/Mum/2023 (निर्धारण वर्ा / Assessment Years: 2013-14, 2014-15, 2015-16 & 2017-18) Konark Infrastructure बिधम/ DCIT, Central Circle – 4 (Water Supply-UMC) (J/V) 6th Floor, Ashar IT park, Vs. 1st Floor, Sapna Talkies, 16Z, Waghle Estate, Konark Plaza, Near Sapna Thane (W) Garden, Ulhasnagar 42100. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAAK9702G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) आयकर अपील सं/ I.T.A. Nos. 3058, 3061, 3060 & 3059/Mum/2023 (न…

Income Tax Officer, Mumbai vs. Smaru Gems, Mumbai

In the result, the appeal by the Revenue is dismissed

ITA 2495/MUM/2023[2012-13]Status: DisposedITAT Mumbai27 Feb 2024AY 2012-13

Bench: Shri Br Baskaran & Shri Sandeep Singh Karhail

For Appellant: NoneFor Respondent: Shri Manoj Kumar Singh
Section 143(1)Section 143(3)Section 147Section 148Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI BR BASKARAN, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA no.2495/Mum./2023 (Assessment Year : 2012–13) Income Tax Officer- 19(3)(1) ……………. Appellant Piramal Chamber, Room no. 405, Lalbaug Mumbai- 400012 v/s Smaru Gems FW 6070 Bharat Diamond Bourse, ……………. Respondent Bandra Kurla Complex Bandra (E) Mumbai 400051 PAN – ABGFS6292P Assessee by : None Revenue by : Shri Manoj Kumar Singh Date of Hearing – 26/02/2024 Date of Order – 27/02/2024 O R D E R PER SANDEEP SINGH KARHAIL, J.M. The present appeal has been filed by t…

Sobhagmull Gokalchand Jewellers, Mumbai vs. DCIT 19(3), Mumbai

ITA 2727/MUM/2023[2006-07]Status: DisposedITAT Mumbai18 Dec 2023AY 2006-07
For Appellant: Shri Sunil HirawatFor Respondent: Shri Ajudiya Manish
Section 143(3)Section 260A

…IN THE INCOME TAX APPELLATE TRIBUNAL "G" BENCH, MUMBAI SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER Sobhagmull Gokalchand Jewellers, EC 8010/B2, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 [PAN: AAKFS9735L] …………… Appellant DCIT 19(3), Mumbai, Vs Matru Mandir Building, 1st & 2nd Floor, Nana Chowk, Bhatia Hospital Lane, Javji Dadaji Marg, Grant Road (West), Respondent ……………. Mumbai - 400007 Appearance For the Appellant/Assessee : Shri Sunil Hirawat For the Respondent/Department : Shri Ajudiya Manish Date Conclusion of hearing : 04.12.2023 Pronoun…

DCIT-19(1), Mumbai vs. Overseas Exports, Mumbai

ITA 1991/MUM/2023[2012-13]Status: DisposedITAT Mumbai29 Nov 2023AY 2012-13
For Appellant: Shri Rajesh Shah
Section 143(3)Section 147

…IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER Deputy Commissioner of Income Tax 19(1), Mumbai, Room No. 506, Piramal Chambers, Parel, Dr. SS Rao Marg, Mumbai - 400012 …………. Assessee Overseas Exports, Vs 2302-A, Panchratna, Opera House, Mumbai - 400004 …………. [PAN: AAAFO0307N] Respondent CO No. 99/MUM/2023 (Arising out of ITA No. 1991/Mum/2023) (Assessment Year: 2012-13) Overseas Exports, 2302-A, Panchratna, Opera House, Mumbai - 400004 [PAN: AAAFO0307N] …………. Assessee Deputy Commissioner of Income Tax Vs 19(1), Mumbai, Room No.…

Income-Tax Officer vs. Shri Nitin Ramdeoji Lohia, Nashik

Appeals are partly allowed in above terms

ITA 1409/PUN/2015[2011-12]Status: DisposedITAT Pune13 Nov 2023AY 2011-12

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Sanket JoshiFor Respondent: Shri M.G. Jasnani
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “B” : PUNE BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER ITA Nos.1407, 1408 & 1409/PUN./2015 Assessment Years 2009-2010, 2010-2011 & 2011-2012 The Income Tax Officer, Shri Nitin Ramdeoji Lohia, Prop. M/s. Karan Ward-1(5), Gadkari Chowk, Enterprises, 2A, Yadukul vs Co-op Housing Society, Old Agra Road, Nasik. Gangapur Naka, Nashik. PIN – 422 005 State of Maharashtra. PAN ABDPL1394A Appellant Respondent For Revenue : Shri M.G. Jasnani For Assessee : Shri Sanket Joshi Date of Hearing : 09.11.2023 Date of Pronouncement :…

Income-Tax Officer vs. Shri Nitin Ramdeoji Lohia, Nashik

Appeals are partly allowed in above terms

ITA 1408/PUN/2015[2010-11]Status: DisposedITAT Pune13 Nov 2023AY 2010-11

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Sanket JoshiFor Respondent: Shri M.G. Jasnani
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “B” : PUNE BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER ITA Nos.1407, 1408 & 1409/PUN./2015 Assessment Years 2009-2010, 2010-2011 & 2011-2012 The Income Tax Officer, Shri Nitin Ramdeoji Lohia, Prop. M/s. Karan Ward-1(5), Gadkari Chowk, Enterprises, 2A, Yadukul vs Co-op Housing Society, Old Agra Road, Nasik. Gangapur Naka, Nashik. PIN – 422 005 State of Maharashtra. PAN ABDPL1394A Appellant Respondent For Revenue : Shri M.G. Jasnani For Assessee : Shri Sanket Joshi Date of Hearing : 09.11.2023 Date of Pronouncement :…

Income-Tax Officer vs. Shri Nitin Ramdeoji Lohia, Nashik

Appeals are partly allowed in above terms

ITA 1407/PUN/2015[2009-10]Status: DisposedITAT Pune13 Nov 2023AY 2009-10

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Sanket JoshiFor Respondent: Shri M.G. Jasnani
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “B” : PUNE BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER ITA Nos.1407, 1408 & 1409/PUN./2015 Assessment Years 2009-2010, 2010-2011 & 2011-2012 The Income Tax Officer, Shri Nitin Ramdeoji Lohia, Prop. M/s. Karan Ward-1(5), Gadkari Chowk, Enterprises, 2A, Yadukul vs Co-op Housing Society, Old Agra Road, Nasik. Gangapur Naka, Nashik. PIN – 422 005 State of Maharashtra. PAN ABDPL1394A Appellant Respondent For Revenue : Shri M.G. Jasnani For Assessee : Shri Sanket Joshi Date of Hearing : 09.11.2023 Date of Pronouncement :…

Mehul Prakash Mehta, Mumbai vs. ITO, W-27(1)(1), Mumbai

In the result, ground No.1(a) and (b) of the appeal are against reopening of assessment, in absence of any argument , are dismissed

ITA 944/MUM/2019[2009-10]Status: DisposedITAT Mumbai27 Oct 2023AY 2009-10

Bench: Shri. Prashant Maharishi, A Before Shri. Prashant Maharishi, Am & Shri Sandeep Singh Karhailshri Sandeep Singh Karhailit Assessment Year: Assessment Year: 2009-10 Mr. Mehul Prakash Mehta Mr. Mehul Prakash Mehta V. Ito, W-27(1)(1) 27(1)(1) 401/402, Mahalaxmi Apartment 401/402, Mahalaxmi Apartment Mumbai 16, Akash, 90 Feet Road Akash, 90 Feet Road Nath Panth Road, Ghatkopar (E) Nath Panth Road, Ghatkopar (E) Mumbai (Appellant) (Respondent) Pan No.Aghpm8335M Pan No. Shri V. D. Parmar, A.R. Assessee By: Shri Mahita Nair, D.R. Revenue By: 12.10.2023 Date Of Hearing Date Of Hearing : Date Of Pronouncement Pronouncement : 27.10.2023

For Appellant: Shri Mahita Nair, D.RFor Respondent: 12.10.2023
Section 1Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BENCH, MUMBAI BEFORE SHRI. PRASHANT MAHARISHI, A BEFORE SHRI. PRASHANT MAHARISHI, AM AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER IT Assessment Year: Assessment Year: 2009-10 Mr. Mehul Prakash Mehta Mr. Mehul Prakash Mehta v. ITO, W-27(1)(1) 27(1)(1) 401/402, Mahalaxmi Apartment 401/402, Mahalaxmi Apartment Mumbai 16, Akash, 90 Feet Road Akash, 90 Feet Road Nath Panth Road, Ghatkopar (E) Nath Panth Road, Ghatkopar (E) Mumbai (Appellant) (Respondent) PAN No.AGHPM8335M PAN No. S…

Bhoomi Construction, Mumbai vs. ACIT, Central Circle-2, Mumbai

Appeals are dismissed

ITA 1782/MUM/2023[2010-2011]Status: DisposedITAT Mumbai19 Oct 2023AY 2010-2011
For Appellant: Shri Satyaprakash SinghFor Respondent: Shri S.K. Jain
Section 143(3)Section 36(1)(iii)

…d thereby brought to tax the cost/tax savings and profit element embedded in purchases made by the Assessee from grey market. The Assessee is not engaged in the trading activity and therefore, the judgment in the case of PCIT Vs. Mohd. Haji Adam & Co.: [2019] 103 Taxmann.com 459 (Bombay) [11-02-2019] relied upon by the Ld. Counsel for the Assessee cannot be applied in the facts of the present case. In view of the aforesaid, we do not find any infirmity in the order passed by CIT(A) on this issue. Accordingly, Ground No. 1 raised by the Assessee and Ground No. 1 raised by the Revenue are dismissed. Ground No. 2 o…

ITO 4(2)(1), Mumbai vs. Kanakshree Fabrics Private Limited, Mumbai

In the result, the appeal filed by the revenue is dismissed

ITA 2424/MUM/2023[2011-12]Status: HeardITAT Mumbai17 Oct 2023AY 2011-12

Bench: Shri B R Baskaran, Hon’Ble & Shri Rahul Chaudhary, Hon’Bleito Ward 4(2)(1), Kanakshree Fabrics Private Limited, Mumbai. 204 Vinod Villa, Vs. 66 Jagruti Mataji Marg, Ramwadi, Mumbai 400 002. Pan Aaack4756E (Appellant) (Respondent)

For Appellant: Shri C V JainFor Respondent: Shri P D Chougule - Sr. AR
Section 147

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “E”, MUMBAI Before Shri B R Baskaran, Hon’ble Accountant Member, & Shri Rahul Chaudhary, Hon’ble Judicial Member ITO Ward 4(2)(1), Kanakshree Fabrics Private Limited, Mumbai. 204 Vinod Villa, Vs. 66 Jagruti Mataji Marg, Ramwadi, Mumbai 400 002. PAN AAACK4756E (Appellant) (Respondent) For the Assessee : Shri C V Jain For the Revenue : Shri P D Chougule - Sr. AR Date of Hearing : 17.10.2023 Date of Pronouncement : 17.10.2023 O R D E R Per B R Baskaran, Accountant Member: The revenue has filed this appeal challenging the order dated 12-05-2023 passed by Ld CI…

Sky Gem, Mumbai vs. DCIT, CC-1(1), Mumbai

ITA 787/MUM/2023[2010-11]Status: DisposedITAT Mumbai23 Aug 2023AY 2010-11
For Appellant: Shri Suchek AnchaliyaFor Respondent: Shri Paresh Deshpande
Section 143(1)Section 143(3)Section 147Section 148Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL "G" BENCH, MUMBAI SHRI B.R. BASKARAN, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 788/MUM/2023 (Assessment Year: 2010-11) (Assessment Year: 2011-12) ITA No. 790/MUM/2023 (Assessment Year: 2012-13) (Assessment Year: 2013-14) Sky Gem, CC 2081, G Block, Bharat Diamond Bourse, Bandra Kurla Complex, Mumbai - 400051 [PAN: AAYFS8765J] …………. Appellant Vs DCIT, Central Circle 1(1), Pratistha Bhawan, Mumbai - 400020 Respondent …………. Appearance For the Appellant/Assessee : Shri Suchek Anchaliya For the Respondent/Department : Shri Paresh Deshpande Date Conclusion of…

Diamond Tradex Co. Ltd, New Delhi vs. ACIT, Central Circle-17, New Delhi

In the result, the appeal of the assessee is partly allowed

ITA 7385/DEL/2018[2010-11]Status: DisposedITAT Delhi17 Jul 2023AY 2010-11

Bench: Sh. N. K. Billaiya & Sh. Anubhav Sharmaassessment Year: 2010-11

Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘B’, NEW DELHI BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER AND SH. ANUBHAV SHARMA, JUDICIAL MEMBER Assessment Year: 2010-11 Diamond Tradex Co. Ltd. ACIT 2885, 2nd Floor, Haryana Vs Central Circle – 17 Singh Road, Karol Bagh, New Delhi Delhi PAN No.AACCD3460E (APPELLANT) (RESPONDENT) Appellant by Sh. Nirbhay Mehta, Advocate Sh. Ashwani Gupta, CA Respondent by Sh. Vivek Kumar Upadhyay, SR DR Date of hearing: 13/07/2023 Date of Pronouncement: 17/07/2023 ORDER PER N. K. BILLAIYA, AM: This appeal by the assessee is preferred against the order of the CIT(A)-27,…

Vinod Karsanbhai Patel, Delhi vs. ACIT, Central Circle- 17, Delhi

In the result, the appeal of the assessee is partly allowed

ITA 7384/DEL/2018[2010-11]Status: DisposedITAT Delhi23 Jun 2023AY 2010-11

Bench: Shri Chandra Mohan Garg & Assessment Year: 2010-11 Vinod Karsanbhai Patel, The Acit, Central Circle-17, 208/2885, 2Nd Floor, Haryana Singh Road, Delhi Karol Bagh, Delhi 110005 Vs. Pan Aacpp 0956 G (Appellant) (Respondent) For Assessee : Shri Hiren Mehta, Ca Shri Nirbhay Mehta, Ca For Revenue : Shri Om Prakash, Sr. Dr Date Of Hearing : 11.04.2023 Date Of Pronouncement : 23.06.2023 Order Per Chandra Mohan Garg:- This Appeal Filed By The Assessee Is Directed Against The Order Dated 05.12.2022 Of The Ld. Nfac, New Delhi, Relating To Assessment Year 2020-21. 2. The Ld. Assessee Representative (Ar) Submitted That The Assessee Does Not Want To Press Ground No. 1 & 2 & Hence The Same Are Dismissed Has Not Pressed. Ground No. 6 Is General In Nature Which Requires No Specific Adjudication. Remaining Effective Grounds For Adjudication Are As Follows:-

For Appellant: Shri Hiren Mehta, CAFor Respondent: Shri Om Prakash, Sr. DR

…THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: SMC: NEW DELHI BEFORE SHRI CHANDRA MOHAN GARG, JUDICIAL MEMBER AND Assessment Year: 2010-11 Vinod Karsanbhai Patel, The ACIT, Central Circle-17, 208/2885, 2nd Floor, Haryana Singh Road, Delhi Karol Bagh, Delhi 110005 vs. PAN AACPP 0956 G (Appellant) (Respondent) For Assessee : Shri Hiren Mehta, CA Shri Nirbhay Mehta, CA For Revenue : Shri Om Prakash, Sr. DR Date of Hearing : 11.04.2023 Date of Pronouncement : 23.06.2023 ORDER Per Chandra Mohan Garg:- This appeal filed by the assessee is directed against the order dated 05.12.2022 of the Ld. NFAC, New Delhi, relating…

Maa Jagdambe Tradelinks Ltd, Mumbai vs. Asstt Comm of Income Tax Circle -12(3) (2), Mumbai

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

ITA 1873/MUM/2022[ 2015-16]Status: DisposedITAT Mumbai09 Mar 2023

Bench: Shri Amarjit Singh, Am & Ms. Kavitha Rajagopal, Jm Maa Jagdambe Tradelinks Ltd. Asst. Cit, Circle-12(3)(2) Shop No. 7, Ground Floor, Mumbai A-Wing, Navkar Building, Vs. Yashwant Gaurav Complex, Nalasopara (W), Mumbai -400 101

For Appellant: Shri Rahul HakaniFor Respondent: Ms. Vranda U. Matkarni
Section 132Section 132(4)Section 143(1)Section 144Section 147Section 148Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, AM AND MS. KAVITHA RAJAGOPAL, JM Maa Jagdambe Tradelinks Ltd. Asst. CIT, Circle-12(3)(2) Shop No. 7, Ground Floor, Mumbai A-Wing, Navkar Building, Vs. Yashwant Gaurav Complex, Nalasopara (W), Mumbai -400 101 PAN/GIR No. AACCP 3980 H (Appellant) : (Respondent) Assessee by : Shri Rahul Hakani Revenue by : Ms. Vranda U. Matkarni : 14.12.2022 Date of Hearing Date of Pronouncement : 09.03.2023 O R D E R Per Kavitha Rajagopal, J M: This appeal has been filed by the assessee, challenging the order of the learned Commissioner of Inco…

M/S. Bhairav Tube (India ), Mumbai vs. Income Tax Officer WD19(1) (2), Mumbai

ITA 646/MUM/2022[2011-12]Status: DisposedITAT Mumbai31 Oct 2022AY 2011-12

Bench: Shri Prashant Maharishi, Am M/S, Bhairav Tube (India) Ito Wd19(1)(2) Shop No. 10,Ground Floor, Aaykar Bhavan, 6Th Khotwadi Lane, Vs. Mumbai- 400 021 Mumbai-400 004 (Respondent) (Appellant) Pan No.Aawft1198E Assessee By : None Revenue By : Shri. Ujjwal Chavan Sr Ar Date Of Hearing: 19.09.2022 Date Of Pronouncement: 31.10.2022

For Appellant: NoneFor Respondent: Shri. Ujjwal Chavan SR AR
Section 114Section 143Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘SMC’ BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM M/s, Bhairav Tube (INDIA) ITO WD19(1)(2) Shop No. 10,Ground Floor, Aaykar Bhavan, 6TH Khotwadi Lane, Vs. Mumbai- 400 021 Mumbai-400 004 (Respondent) (Appellant) PAN No.AAWFT1198E Assessee by : None Revenue by : Shri. Ujjwal Chavan SR AR Date of hearing: 19.09.2022 Date of pronouncement: 31.10.2022 O R D E R PER PRASHANT MAHARISHI, AM: 01. This appeal is filed by the assessee against Appellate order passed by The Commissioner Of Income Tax (Appeals) – 6, Mumbai [ The Ld. CIT (A)] dated 5/8/2019 for assessment year 2011…

Shri Bansilal S. Bhatti, Mumbai vs. ITO - 19(1)(2), Mumbai

In the result appeal filed by the assessee is allowed for statistical purposes

ITA 298/MUM/2021[2011-12]Status: DisposedITAT Mumbai25 Oct 2022AY 2011-12

Bench: Shri Prashant Maharishi, Am Income Tax Officer Shri Bansilal S. Bhatti Ward 19(1)(2) 155 Steel Apartment, 6Th 2Nd Floor, Matru Mandir Floor, Kumarwada, Vs. Grant Road, Mumbai-400 004 Tardeo Road, Mumbai (Appellant) (Respondent) Pan No. Aodpb5366B Assessee By : None Revenue By : Shri Ujjwal Chavan, Dr Date Of Hearing: 20.09.2022 Date Of Pronouncement: 25.10.2022

For Appellant: NoneFor Respondent: Shri Ujjwal Chavan, DR
Section 143(1)Section 143(3)Section 147Section 148Section 69C

…IN THE INCOME TAX APPELLATE TRIBUNAL ―SMC‖ BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM Income Tax Officer Shri Bansilal S. Bhatti Ward 19(1)(2) 155 Steel Apartment, 6th 2nd Floor, Matru Mandir Floor, Kumarwada, Vs. Grant Road, Mumbai-400 004 Tardeo Road, Mumbai (Appellant) (Respondent) PAN No. AoDPB5366B Assessee by : None Revenue by : Shri Ujjwal Chavan, DR Date of hearing: 20.09.2022 Date of pronouncement: 25.10.2022 O R D E R PER PRASHANT MAHARISHI, AM: 01. This appeal is filed by the assessee against appellate order passed by the learned Commissioner of Income-tax (Appeals)-30, Mumbai [the learned CI…

Ram Ujagir Ram Sabda Pandey, Mumbai vs. Circle 20(3) (1), Mumbai

In the result, appeal filed by the assessee is partly allowed with the above directions

ITA 2254/MUM/2021[2009-10]Status: DisposedITAT Mumbai19 Sept 2022AY 2009-10

Bench: Shri Kuldip Singh & Shri Gagan Goyal

For Appellant: NoneFor Respondent: Sh. Ashish Kumar, Sr. DR
Section 133(6)Section 147Section 148Section 33(6)Section 69CSection 69c

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND SHRI GAGAN GOYAL, ACCOUNTANT MEMBER ITA No. 2255/Mum/2021 (A.Y. 2010-11) Ram Ujagir Ram Sabda Pandey, 38, Sethia Compound, Ram Sabda, Darukhana, Mumbai-400010 PAN: AGUPP3934C ...... Appellant Vs. ITO, Circle-20(3)(1), Piramal Chamber Mumbai-400013 ..... Respondent Appellant by : None Respondent by : Sh. Ashish Kumar, Sr. DR Date of hearing : 04/07/2022 Date of pronouncement : 19/09/2022 ORDER PER GAGAN GOYAL, A.M: These appeals by the assessee are directed against the order of National Faceless Appeal…