PCIT v. NDR Promoters

102 Taxmann.com 182High Court2019#4270 most cited

What is PCIT v. NDR Promoters authority for?

Additions under Section 68 for share capital received from companies managed by one person are justified when the Assessing Officer establishes this fact. The Supreme Court has upheld this view.

27

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2019 to 2026.

Also referred to as

PCIT v. NDR Promoters · Section 68 · bogus share capital · share application money · accommodation entry · unexplained cash credit · genuineness of transaction · onus of proof · addition u/s 68 · rule 46a

Sections most often in play

Section 1961Section 68Section 143(3)Section 147Section 148Section 131Section 133(6)Section 46A
Read the full judgment

Issues it is cited on

onus of proofbogus share capitalshare application moneygenuineness of the transactionaddition u/s 68rule 46asection 133(6)accommodation entrysection 131unexplained cash creditsection 68section 133a

Judgments citing PCIT v. NDR Promoters

ACIT, New Delhi vs. M/S. Bhadani Financers Pvt. Ltd., Kolkata

In the result, the appeal filed by the Revenue and the CO raised by the

ITA 175/DEL/2017[2009-10]Status: DisposedITAT Delhi30 Apr 2019AY 2009-10

Bench: Shri R.K. Panda & Ms Suchitra Kamble

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA Nos.175 & 176/Del/2017 Assessment Years: 2009-10 & 2010-11 ACIT, Vs Bhadani Financiers Pvt. Ltd., Central Circle-31, Room No.22, Ground Floor, ARA Centre, Shanti Niketan, E-2, Jhandewalan Extn., 8, Camac Street, Park Street, New Delhi. Kolkata. PAN: AABCB9305MH CO Nos.88 & 89/Del/2017 (ITA Nos.175 & 176/Del/2017) Assessment Years: 2009-10 & 2010-11 Bhadani Financiers Pvt. Ltd., Vs. ACIT, Room No.22, Ground Floor, Central Circle-31, Shanti Niketan, ARA Centre, 8,…

ACIT, New Delhi vs. M/S. Pragati Imptrade Pvt. Ltd., Kolkata

In the result, the appeal filed by the Revenue and the CO raised by the

ITA 173/DEL/2017[2008-09]Status: DisposedITAT Delhi30 Apr 2019AY 2008-09

Bench: Shri R.K. Panda & Ms Suchitra Kamble

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA Nos.175 & 176/Del/2017 Assessment Years: 2009-10 & 2010-11 ACIT, Vs Bhadani Financiers Pvt. Ltd., Central Circle-31, Room No.22, Ground Floor, ARA Centre, Shanti Niketan, E-2, Jhandewalan Extn., 8, Camac Street, Park Street, New Delhi. Kolkata. PAN: AABCB9305MH CO Nos.88 & 89/Del/2017 (ITA Nos.175 & 176/Del/2017) Assessment Years: 2009-10 & 2010-11 Bhadani Financiers Pvt. Ltd., Vs. ACIT, Room No.22, Ground Floor, Central Circle-31, Shanti Niketan, ARA Centre, 8,…

ACIT, New Delhi vs. M/S. Pragati Tradecom Pvt. Ltd., Kolkata

In the result, the appeal filed by the Revenue and the CO raised by the

ITA 171/DEL/2017[2008-09]Status: DisposedITAT Delhi30 Apr 2019AY 2008-09

Bench: Shri R.K. Panda & Ms Suchitra Kamble

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA Nos.175 & 176/Del/2017 Assessment Years: 2009-10 & 2010-11 ACIT, Vs Bhadani Financiers Pvt. Ltd., Central Circle-31, Room No.22, Ground Floor, ARA Centre, Shanti Niketan, E-2, Jhandewalan Extn., 8, Camac Street, Park Street, New Delhi. Kolkata. PAN: AABCB9305MH CO Nos.88 & 89/Del/2017 (ITA Nos.175 & 176/Del/2017) Assessment Years: 2009-10 & 2010-11 Bhadani Financiers Pvt. Ltd., Vs. ACIT, Room No.22, Ground Floor, Central Circle-31, Shanti Niketan, ARA Centre, 8,…

ACIT, New Delhi vs. M/S. Pragati Imports Pvt. Ltd., Kolkata

In the result, the appeal filed by the Revenue and the CO raised by the

ITA 169/DEL/2017[2008-09]Status: DisposedITAT Delhi30 Apr 2019AY 2008-09

Bench: Shri R.K. Panda & Ms Suchitra Kamble

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND MS SUCHITRA KAMBLE, JUDICIAL MEMBER ITA Nos.175 & 176/Del/2017 Assessment Years: 2009-10 & 2010-11 ACIT, Vs Bhadani Financiers Pvt. Ltd., Central Circle-31, Room No.22, Ground Floor, ARA Centre, Shanti Niketan, E-2, Jhandewalan Extn., 8, Camac Street, Park Street, New Delhi. Kolkata. PAN: AABCB9305MH CO Nos.88 & 89/Del/2017 (ITA Nos.175 & 176/Del/2017) Assessment Years: 2009-10 & 2010-11 Bhadani Financiers Pvt. Ltd., Vs. ACIT, Room No.22, Ground Floor, Central Circle-31, Shanti Niketan, ARA Centre, 8,…

Assistant Commissioner of Income Tax 20(2), Mumbai vs. Shri Joitkumar B. Jain, Mumbai

In the result, appeal of the Revenue is dismissed

ITA 5638/MUM/2017[2010-11]Status: DisposedITAT Mumbai05 Apr 2019AY 2010-11

Bench: Shri C.N. Prasad, Hon'Ble & Shri O.P. Meena, Hon'Bleasst. Commissioner Of V. Shri Joit Kumar B. Jain Income Tax – 20(2) Room No. 12, 1St Floor, Room No. 217, 2Nd Floor, New Municipal Building, Piramal Chambers, R.S. Nimkiar Marg, Lalbaug, Parel, Mumbai – 400 008 Mumbai-400 012 Pan: Aabpj 9794 M (Appellant) (Respondent) Assessee By : Shri V.C. Shah Department By : Shri Rajeev Gubgotra

For Appellant: Shri V.C. ShahFor Respondent: Shri Rajeev Gubgotra
Section 133(6)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F”, MUMBAI BEFORE SHRI C.N. PRASAD, HON'BLE JUDICIAL MEMBER AND SHRI O.P. MEENA, HON'BLE ACCOUNTANT MEMBER Asst. Commissioner of v. Shri Joit Kumar B. Jain Income Tax – 20(2) Room No. 12, 1st Floor, Room No. 217, 2nd Floor, New Municipal Building, Piramal Chambers, R.S. Nimkiar Marg, Lalbaug, Parel, Mumbai – 400 008 Mumbai-400 012 PAN: AABPJ 9794 M (Appellant) (Respondent) Assessee by : Shri V.C. Shah Department by : Shri Rajeev Gubgotra Date of Hearing : 14.02.2019 Date of Pronouncement : 05.04.2019 O R D E R PER C.N. PRASAD (JM) 1. This appeal is filed by the…

ITO -13(3)(3), Mumbai vs. Vishwa Vyapar Trading Pvt. Ltd., Mumbai

ITA 2888/MUM/2017[2012-13]Status: DisposedITAT Mumbai05 Apr 2019AY 2012-13

Bench: Shri C.N. Prasad, Hon'Ble & Shri O.P. Meena, Hon'Blei.T.O. – 13(3)(3) V. M/S. Viswa Vyapar Trading Pvt. Ltd., 607, 6Th Floor, Central Plaza Room No. 227, 2Nd Floor, Daftari Road, Shivaji Chowk Aayakar Bhavan, M.K. Road, Malad (E), Mumbai - 400 097 Mumbai-400 020 Pan: Aadcv 9568 L (Appellant) (Respondent) Assessee By : Shri Neelkanth Khandelwal Department By : Shri Rajeev Gubgotra

For Appellant: Shri Neelkanth KhandelwalFor Respondent: Shri Rajeev Gubgotra
Section 133(6)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F”, MUMBAI BEFORE SHRI C.N. PRASAD, HON'BLE JUDICIAL MEMBER AND SHRI O.P. MEENA, HON'BLE ACCOUNTANT MEMBER I.T.O. – 13(3)(3) v. M/s. Viswa Vyapar Trading Pvt. Ltd., 607, 6th Floor, Central Plaza Room No. 227, 2nd Floor, Daftari Road, Shivaji Chowk Aayakar Bhavan, M.K. Road, Malad (E), Mumbai - 400 097 Mumbai-400 020 PAN: AADCV 9568 L (Appellant) (Respondent) Assessee by : Shri Neelkanth Khandelwal Department by : Shri Rajeev Gubgotra Date of Hearing : 13.02.2019 Date of Pronouncement : 05.04.2019 O R D E R PER C.N. PRASAD (JM) 1. This appeal is filed by the Rev…

Deputy Commissioner of Income Tax 15(1)(1), Mumbai vs. Everest Aangan Private Limited, Mumbai

In the result, appeal of the Revenue is dismissed

ITA 1184/MUM/2018[2012-13]Status: DisposedITAT Mumbai29 Mar 2019AY 2012-13

Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Bledy. Commissioner Of Income V. M/S. Everest Aangan Pvt. Ltd., Tax – 15(1)(1) Shop No. 30, Room No. 470, 4Th Floor, Runwal Commercial Complex, Aayakar Bhavan, M.K. Road, Lbs Road, Mulund (W), Mumbai-400 020 Mumbai – 400 080 Pan: Aabce 6428 N (Appellant) (Respondent) Assessee By : Shri Nimesh Chothani Department By : Shri Rajesh Gubgotra

For Appellant: Shri Nimesh ChothaniFor Respondent: Shri Rajesh Gubgotra
Section 133(6)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “E”, MUMBAI BEFORE SHRI C.N. PRASAD, HON'BLE JUDICIAL MEMBER AND SHRI N.K. PRADHAN, HON'BLE ACCOUNTANT MEMBER Dy. Commissioner of Income v. M/s. Everest Aangan Pvt. Ltd., Tax – 15(1)(1) Shop No. 30, Room No. 470, 4th Floor, Runwal Commercial Complex, Aayakar Bhavan, M.K. Road, LBS Road, Mulund (W), Mumbai-400 020 Mumbai – 400 080 PAN: AABCE 6428 N (Appellant) (Respondent) Assessee by : Shri Nimesh Chothani Department by : Shri Rajesh Gubgotra Date of Hearing : 07.03.2019 Date of Pronouncement : 29.03.2019 O R D E R PER C.N. PRASAD (JM) 1. This appeal is filed by…