Prem Chand v. ACIT

BIPIN PRANJIVANDAS SHAH,MUMBAI vs. ITO WARD 27(1)(1), NAVI MUMBAI

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

Bench: Shri Amarjit Singh & Shri Raj Kumar Chauhan

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “B”, MUMBAI BEFORE SHRI AMARJIT SINGH, ACCOUNTANT MEMBER AND SHRI RAJ KUMAR CHAUHAN, JUDICIAL MEMBER 1. ITA NO. 1661/MUM/2024 (A.Y: 2009-10) 2. ITA NO. 1660/MUM/2024 (A.Y: 2010-11) Bipin Pranjivandas Shah ITO Ward 27(1)(1), A/9, Geeta Prakash CHS Ltd, Plot Vs. IT Office, Vashi Railway No. 1220123, Garodia Nagar, Station Building, Navi Ghatkopar East, Mumbai – 400 077 Mumbai – 400 703 PAN: AAFPS3418R (Appellant) (Respondent) Assessee Represented by : Shri R. V. Shah, Ld. AR Department Represented by : Shri Pushkaraj Bhangepatil, Ld. DR Date of conclusion of Heari…

M/S SANDEEP STEEL,MUMBAI vs. ACIT 17 (3), MUMBAI

In the result, assessee’s appeal is allowed

Bench: Shri Saktijit Dey & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER, AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.7946/Mum./2019 (Assessment Year : 2011–12) ITA no.7947/Mum./2019 (Assessment Year : 2010–11) M/s. Sandeep Steel 511, Ashirwad Building ……………. Appellant Ahmedabad Street, Carnac Bunder Mumbai 400 009 PAN–ABAFS1100J v/s Asstt. Commissioner of Income Tax ……………. Respondent Ward–17(3), Mumbai Assessee by : None Revenue by : Shri Vijay Kumar Menon Date of Hearing – 01.06.2021 Date of Order – 27.07.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The present appeals preferre…

ITO-28(3)(2), MUMBAI, MUMBAI vs. SHARWANSINGHATAR SINGH CHATARSINGH CHUNDAWAT, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri Saktijit Dey & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER, AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.5779/Mum./2019 (Assessment Year : 2010–11) Income Tax Officer ……………. Appellant Ward–28(3)(2), Mumbai v/s Smt. Sheeja Varghese 74, Nandanvan CHS Ltd. Sector–17, Nerul (East) ……………. Respondent Navi Mumbai 400 706 PAN – ADGPV8111Q Revenue by : Shri Vijay Kumar Menon Assessee by : None Date of Hearing – 01.06.2021 Date of Order – 27.07.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The present appeal has been filed by the Revenue challenging the impugned order dated 21s…

ACIT, CIRCLE-9(3)(2), MUMBAI vs. M/S. GOLKUNDA DIAMONDS & JEWELLERY LIMITED, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri Saktijit Dey & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER, AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.5507/Mum./2019 (Assessment Year : 2009–10) ITA no.5508/Mum./2019 (Assessment Year : 2011–12) Asstt. Commissioner of Income Tax ……………. Appellant Circle–9(3)(2), Mumbai v/s Golkunda Diamonds & Jewellery Ltd. G–30, Gems & Jewellery Complex–III ……………. Respondent SEEPZ, Andheri (E), Mumbai 400 096 PAN – AAACG2736L Revenue by : Shri T.S. Khalsa Assessee by : Ms. Aarti Sathe Date of Hearing – 02.06.2021 Date of Order – 27.07.2021 O R D E R PER S. RIFAUR RAHMAN, A.M.…

INCOME TAX OFFICER-9(3)(4), MUMBAI vs. M/S. GOLDSTAR JEWELLERY INDIA PVT LTD., MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri Saktijit Dey & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER, AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.5466/Mum./2019 (Assessment Year : 2013–14) Income Tax Officer ……………. Appellant Ward–9(3)(4), Mumbai v/s Goldstar Jewellery India Pvt. Ltd. Plot no.8, Western Industrial Estate ……………. Respondent OPp. Seepz Main Gate, Andheri (E) Mumbai 400 093 PAN – AABCG0505E Revenue by : Shri T.S. Khalsa Assessee by : None Date of Hearing – 02.06.2021 Date of Order – 27.07.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The captioned appeal has been filed by the Revenue challenging…

SHRIM BHANU CONSTRUCTION PVT. LTD. ,MUMBAI vs. ACIT, CIRCLE, 27(1), MUMBAI, MUMBAI

Accordingly, the grounds raised by the assessee are allowed

Bench: Shri S. Rifaur Rahman () & Shri Ravish Sood () Assessment Year: 2010-11

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “E” MUMBAI BEFORE SHRI S. RIFAUR RAHMAN (ACCOUNTANT MEMBER) AND SHRI RAVISH SOOD (JUDICIAL MEMBER) Assessment Year: 2010-11 Shrim Bhanu Construction ACIT, Circle 27(1), Private Limited (formerly Vs. 4th floor, Room No. 415, 6th known as Bhanu Tower, Vashi Railway Station Construction, a partnership Complex, Vashi, firm), Navi Mumbai-400703. 811, Neelkant Corporate Park, Kirol Road, Vidyavihar (West), Mumbai-400086. PAN No. AAPCS 6963 E Appellant Respondent Assessee by : Mr. Devendra Jain, AR Revenue by : Mr. Vijay Kumar Menon, DR Date of Hearing : 01/04/2021 D…

ITO, WARD - 3(2), THANE vs. RAMMANGAL S.GUPTA, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6576/Mum./2019 (Assessment Year : 2009–10) Income Tax Officer ……………. Appellant Ward–3(2), Mumbai v/s Rammangal S. Gupta 9, Kedar Bunglow, Shivaji Nagar ……………. Respondent Wagle Industrial Estate, Thane 400 604 PAN – AAVPG3060H Revenue by : Shri Gurbinder Singh Assessee by : None Date of Hearing – 13.05.2021 Date of Order – 10.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The present appeal preferred by the Revenue challenging the impugned order dated 14th…

DY CIT 6 (2)(1), MUMBAI vs. M/S DELLA TECHNICA INTERIOR DESIGN PVT LTD , MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6535/Mum./2019 (Assessment Year : 2010–11) Dy. Commissioner of Income Tax ……………. Appellant Circle–6(2)(1), Mumbai v/s Delta Technica Interior Design P. Ltd. Rati Villa, Ground Floor, Motibal Street ……………. Respondent Opp. Bhatia Hospital Tardeo Mumbai 400 007 PAN – AABCD2765K Revenue by : Shri Gurbinder Singh Assessee by : Ms. Forum Mehta Date of Hearing – 13.05.2021 Date of Order – 10.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The appeal has been filed…

ACIT 28 (2), MUMBAI vs. M/S REDSTAR, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6461/Mum./2019 (Assessment Year : 2010–11) Asstt. Commissioner of Income Tax ……………. Appellant Circle–28(2), Mumbai v/s M/s. Redstar, Shop no.9 Hermese Centre, Sector-17 ……………. Respondent Vashi, Navi Mumbai 400 703 PAN – AAEFR7124A Revenue by : Shri Gurbinder Singh Assessee by : Ms. Radha Halbe Date of Hearing – 12.05.2021 Date of Order – 10.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The captioned appeal by the Revenue challenging the impugned order dat…

ACIT , CIRCLE - 32 (3), MUMBAI vs. RAVIKIRAN ENTERPRISES, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6430/Mum./2019 (Assessment Year : 2011–12) Asstt. Commissioner of Income Tax ……………. Appellant Circle–32(3), Mumbai v/s Ravikiran Enterprises 1/A, Ganesh Apartment Chogle Nagar, S. Savarpada ……………. Respondent Dahisar (E), Mumbai 400 068 PAN – AAHFR1882J Revenue by : Shri Gurbinder Singh Assessee by : Shri Mayur Kisnadwala Date of Hearing – 12.05.2021 Date of Order – 10.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The captioned appeal has been filed by the R…

ACIT 13 (3)(1), MUMBAI vs. REMI ELECTROTECHNIK LTD., MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6375/Mum./2019 (Assessment Year : 2009–10) Asstt. Commissioner of Income Tax ……………. Appellant Circle–13(3)(1), Mumbai v/s Remi Electrotechnik Ltd., Plot no.11 Cama Industrial Estate, Goregaon (E) ……………. Respondent Mumbai 400 063 PAN – AAACR2578P ITA no.6376/Mum./2019 (Assessment Year : 2009–10) Asstt. Commissioner of Income Tax ……………. Appellant Circle–13(3)(1), Mumbai v/s Remi Process Plant & Machinery Ltd. Plot no.11, Cama Industrial Estate, ……………. Responden…

ITO 13 (3)(1), MUMBAI vs. M/S REINFIBRE PRODUCTS INDIA PVT LTD., MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6274/Mum./2019 (Assessment Year : 2010–11) Income Tax Officer ……………. Appellant Ward–13(3)(1), Mumbai v/s M/s. Reinfibre Products India P. Ltd. 410, Everest Apartments ……………. Respondent PPN Road, Versova, Andheri (W) Mumbai 400 061 PAN – AACCR0813R Revenue by : Shri Gurbinder Singh Assessee by : None Date of Hearing – 10.05.2021 Date of Order – 10.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. This appeal filed by the Revenue challenging the impugned order…

ITO 32 (3)(1), MUMBAI vs. RAHUL NARENDRA SHAH, MUMBAI

In the result, Revenue’s appeal for A

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6435/Mum./2019 (Assessment Year : 2011-12) ITA no.6436/Mum./2019 (Assessment Year : 2010–11) Income Tax Officer ……………. Appellant Ward–32(3)(1), Mumbai v/s Rahul Narendra Shah 77/C, Pancharatna Apartment ……………. Respondent S.V. Road, Borivali, Opp Gokul Hotel Mumbai 400 092 PAN–AGGPD6265J Revenue by : Shri Gurbinder Singh Assessee by : None Date of Hearing – 12.05.2021 Date of Order – 02.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. These appeals have been f…

ITO 32(3)(1), MUMBAI vs. RAKESH JITENDRA KUMAR SHAH, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.6434/Mum./2019 (Assessment Year : 2009–10) Income Tax Officer ……………. Appellant Ward–32(3)(1), Mumbai v/s Rakesh Jitendra Kumar Shah 601, Priyas Society, SKP Colony ……………. Respondent Eksar Road, Borivali (West) Mumbai 400 092 PAN–AGGPD6265J Revenue by : Shri Gurbinder Singh Assessee by : None Date of Hearing – 12.05.2021 Date of Order – 02.06.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. These appeals have been filed by the Revenue challenging two separate orde…

ITO 29(1)(3), MUMBAI vs. SHRI. DHARMESH VINAYKUMAR SHAH, MUMBAI

In the result, Revenue’s appeal is dismissed

Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.4078/Mum./2019 (Assessment Year : 2010–11) Income Tax Officer ……………. Appellant Ward–29(1)(3), Mumbai v/s Shri Dharmesh Vinaykumar Shah Flat no.1404, Park Royal Opp Samudhi Hall, M.M. Malviya Road ……………. Respondent Mulund (W), Mumbai 400 080 PAN – AAIPS1584R Revenue by : Shri Kailash Kanojiya Assessee by : Shri Bhadresh Doshi Date of Hearing – 24.03.2021 Date of Order – 31.05.2021 O R D E R PER S. RIFAUR RAHMAN, A.M. The present appeal preferred by the Revenue ch…

INCOME TAX OFFICER 9(3)(2), MUMBAI vs. M/S. DYTEX SEALS INDIA PVT. LTD, MUMBAI

In the result, Revenue’s appeal for A

Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.5478/Mum./2019 (Assessment Year : 2009–10) ITA no.5479/Mum./2019 (Assessment Year : 2010–11) ITA no.5480/Mum./2019 (Assessment Year : 2011–12) Income Tax Officer ……………. Appellant Ward–9(3)(2), Mumbai v/s Dytex Seals India Pvt. Ltd. Gala no.2A, 1st Floor ……………. Respondent Sadhna Industrial Estate S.V. Road, Mumbai 400 102 Assessee by : None Revenue by : Shri Kailash Kanojiya Date of Hearing – 22.03.2021 Date of Order – 25.05.2021 O R D E R PER S. RIFAUR RAHMAN, A.…

SUNIL B VORANI,MUMBAI vs. INCOME TAX OFFICER 17(3) (4), MUMBAI

Accordingly, the grounds raised by the assessee are allowed

Bench: Shri S. Rifaur Rahman, Am & Shri Pavan Kumar Gadale, Jm आयकरअपीलसं./ I.T.A. No. 5829/Mum/2019 (निर्धारणवर्ा / Assessment Year: 2009-10)

…ectronics Systems (P) Ltd. (2014) 41 Taxmann.com 280 (Allahabad HC). ii) Asst. Commissioner of Income-tax v. Vision Research Management ('P) Ltd. ITAT Lucknow (2015) 63 Taxmann.com 8 (Lucknow Trib) iii) Prem Chand vs. Asst. Commissioner of Income-tax (2014) 52 Taxmann.com 95 (Chandigarh Trib). iv) Commissioner of Income-tax v. Brahmaputra Consortium Ltd. (Del). v) Commissioner of Income-tax v. P. Roles (Mad), vi) Naresh Chand Agarwal v. Commissioner of Income-tax (All). vii) Commissioner of Income-tax v. P. H. I. Seeds India Ltd., 120081 301 ITR 0013—(DeI). viii) Dilip N. Shroff v. Joint Commissioner of In…

ITO WARD 1(4), KALYAN vs. M/S SUMANGALA MACHINERIES, KALYAN

The appeal of the assessee is allowed, and appeal of the Assessing Officer is dismissed

Bench: Shri C. N. Prasad, Jm & Shris. Rifaur Rahman, Am आयकरअपीलसं./ I.T.A. No. 1300 & 1301/Mum/2019 (निर्धारणवर्ा / Assessment Year: 2009-10 & 2010-11)

…y clinching material suggesting concealment of income or furnishing of inaccurate particulars of income, was not justified. 5 I.T.A. No. 1300 & 1301/Mum/2019 M/s Sumangala Machineries, 11. In the case of Prem Chand vs. Asst. Commissioner of Income-tax (2014) 52 Taxmann.com 95 (Chandigarh Trib), it was held that when addition in hands of assessee was made by estimating value of rice husk without any concrete evidence, levy of penalty on such addition was not sustainable. In Commissioner of Income-tax v. Brahmaputra Consortium Ltd. (Del):Penalty—concealment of income—disallowance of claim for deduction of expendit…

HANUMAN SINGH RATHORE,MUMBAI vs. ITO 25(2)(4), MUMBAI

Bench: Shri B. R. Baskaran, Am & Shri Sandeep Gosain, Jm आयकरअपीलसं./ I.T.A. No. 1517/Mum/2017, (निर्धारणवर्ा / Assessment Year: 2009-10)

…out bringing any clinching material suggesting concealment of income or furnishing of inaccurate particulars of income, was not justified. 6 I.T.A. No. 1517/Mum/2017 Hanuman Singh Rathore, In the case of Prem Chand vs. Asst. Commissioner of Income-tax (2014) 52 Taxmann.com 95 (Chandigarh Trib), it was held that when addition in hands of assessee was made by estimating value of rice husk without any concrete evidence, levy of penalty on such addition was not sustainable. In Commissioner of Income-tax v. Brahmaputra Consortium Ltd. (Del): Penalty—concealment of income—disallowance of claim for deduction of expendi…

JITENDRA J. GOWDA,MUMBAI vs. ITO 15(2)(3), MUMBAI

Bench: Shri Shamim Yahya, Am & Shri Sandeep Gosain, Jm आयकरअपीलसं./ I.T.A. No. 5753/Mum/2016, (निर्धारणवर्ा / Assessment Year: 2008-09)

…(c) on basis of adhoc & estimated disallowance/addition, without bringing any clinching material suggesting concealment of income or furnishing of inaccurate particulars of income, was not justified. iii) Prem Chand vs. Asst. Commissioner of Income-tax (2014) 52 Taxmann.com 95 (Chandigarh Trib) When addition in hands of assessee was made by estimating value of rice husk without any concrete evidence, levy of penalty on such addition was not sustainable. iv) Commissioner of Income-tax v. Brahmaputra Consortium Ltd. (Del): Penalty—concealment of 8 I.T.A. No. 5753/Mum/2016 Jitendra J. Gowda income—disallowance of cl…