Ritu Multitrade Services Pvt Ltd. v. ITO

164 Taxmann.com 121Reported decision2024#8991 most cited
12

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2024 to 2026.

Sections most often in play

Section 143(3)Section 153ASection 271(1)(c)Section 274Section 271AABSection 271AAB(1)(c)

Issues it is cited on

section 80hhc(3)section 271aab(1)section 28(iv)section 92c(3)section 92ca(1)section 271aabsection 80hhccorporate guaranteesection 80hhsection 10(34)penalty proceedings initiatedpenalty under section 271(1)(c)

Judgments citing Ritu Multitrade Services Pvt Ltd. v. ITO

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

ITA 1942/MUM/2024[2013-14]Status: DisposedITAT Mumbai29 Jan 2026AY 2013-14

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

For Appellant: Shri Madhur Agarwal, AdvFor Respondent: Assessee by
Section 143(1)Section 271Section 271(1)(c)

…ranted relief to the assessees, placing reliance on the decision of Bombay High Court in Mr. Mohd. Farhan A Shaikh (supra): 1. PCIT vs. Jehangir H.C. Jehangir [Bom. HC] [2023] 155 Taxmann.com 209 2. Ritu Multitrade Services (P.) Ltd. vs. ITO [Mum ITAT] [2024] 164 Taxmann.com 121 3. DCIT vs. Chakradhar Contractors and Engineers (P.) Ltd. [Pune ITAT] [2025] 171 taxmann.com 133 4. Kasat Prakash M (HUF) vs. ITO, Ward-1, [Pune ITAT] [ITA No. 1328/Pun/2023] 16. The ld. AR further submitted, a recent judgment by Hon’ble Bombay High Court in ITA No. 58 of 2020 PCIT vs. Pacific Organics Pvt. Ltd. dated 29.04.2025, wherei…

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M JAIN,MUMBAI vs. INCOME TAX OFFICER, WARD-19(1)(1), MUMBAI

ITA 1940/MUM/2024[2010-11]Status: DisposedITAT Mumbai29 Jan 2026AY 2010-11

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

For Appellant: Shri Madhur Agarwal, AdvFor Respondent: Assessee by
Section 143(1)Section 271Section 271(1)(c)

…ranted relief to the assessees, placing reliance on the decision of Bombay High Court in Mr. Mohd. Farhan A Shaikh (supra): 1. PCIT vs. Jehangir H.C. Jehangir [Bom. HC] [2023] 155 Taxmann.com 209 2. Ritu Multitrade Services (P.) Ltd. vs. ITO [Mum ITAT] [2024] 164 Taxmann.com 121 3. DCIT vs. Chakradhar Contractors and Engineers (P.) Ltd. [Pune ITAT] [2025] 171 taxmann.com 133 4. Kasat Prakash M (HUF) vs. ITO, Ward-1, [Pune ITAT] [ITA No. 1328/Pun/2023] 16. The ld. AR further submitted, a recent judgment by Hon’ble Bombay High Court in ITA No. 58 of 2020 PCIT vs. Pacific Organics Pvt. Ltd. dated 29.04.2025, wherei…

RAJESH B, JAIN AS LEGAL OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

ITA 1938/MUM/2024[2008-09]Status: DisposedITAT Mumbai29 Jan 2026AY 2008-09

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am Ι.Τ.Α. No.1938/Mum/2024 (Assessment Year: 2008-09) Ι.Τ.Α. No.1937/Mum/2024 (Assessment Year: 2009-10) Ι.Τ.Α. No.1940/Mum/2024 (Assessment Year: 2010-11) Ι.Τ.Α. No.1939/Mum/2024 (Assessment Year: 2011-12) Ι.Τ.Α. No.1941/Mum/2024 (Assessment Year: 2012-13) Ι.Τ.Α. No.1942/Mum/2024 (Assessment Year: 2013-14) Ι.Τ.Α. No.1936/Mum/2024 (Assessment Year: 2014-15) Rajesh B. Jain As Legal Heir Of Bhanwarlal Jain, 171, 17Th Floor, Silver Arch, Petit Hall Compound, Nepeansea Road, Mumbai - 400006 Pan: Aafpj1924R Assessee -अपीलार्थी / Appellant Vs. Ito, Ward-19(1)(1), Piramal Chamber, Lalbaug, Mumbai-400012. Revenue - प्रत्यर्थी / Respondent : Assessee By : Shri Madhur Agarwal, Adv, Shri Fenil Bhat & Shri Sucheck Anchaliya, Ca

For Appellant: Shri Madhur Agarwal, AdvFor Respondent: Assessee by
Section 143(1)Section 271Section 271(1)(c)

…ranted relief to the assessees, placing reliance on the decision of Bombay High Court in Mr. Mohd. Farhan A Shaikh (supra): 1. PCIT vs. Jehangir H.C. Jehangir [Bom. HC] [2023] 155 Taxmann.com 209 2. Ritu Multitrade Services (P.) Ltd. vs. ITO [Mum ITAT] [2024] 164 Taxmann.com 121 3. DCIT vs. Chakradhar Contractors and Engineers (P.) Ltd. [Pune ITAT] [2025] 171 taxmann.com 133 4. Kasat Prakash M (HUF) vs. ITO, Ward-1, [Pune ITAT] [ITA No. 1328/Pun/2023] 16. The ld. AR further submitted, a recent judgment by Hon'ble Bombay High Court in ITA No. 58 of 2020 PCIT vs. Pacific Organics Pvt. Ltd. dated 29.04.2025, wherein…

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

ITA 1937/MUM/2024[2009-10]Status: DisposedITAT Mumbai29 Jan 2026AY 2009-10

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

For Appellant: Shri Madhur Agarwal, AdvFor Respondent: Assessee by
Section 143(1)Section 271Section 271(1)(c)

…ranted relief to the assessees, placing reliance on the decision of Bombay High Court in Mr. Mohd. Farhan A Shaikh (supra): 1. PCIT vs. Jehangir H.C. Jehangir [Bom. HC] [2023] 155 Taxmann.com 209 2. Ritu Multitrade Services (P.) Ltd. vs. ITO [Mum ITAT] [2024] 164 Taxmann.com 121 3. DCIT vs. Chakradhar Contractors and Engineers (P.) Ltd. [Pune ITAT] [2025] 171 taxmann.com 133 4. Kasat Prakash M (HUF) vs. ITO, Ward-1, [Pune ITAT] [ITA No. 1328/Pun/2023] 16. The ld. AR further submitted, a recent judgment by Hon’ble Bombay High Court in ITA No. 58 of 2020 PCIT vs. Pacific Organics Pvt. Ltd. dated 29.04.2025, wherei…

UNITED PHOSPHORUS LTD,MUMBAI vs. DCIT CEN CIR 38, MUMBAI

ITA 6950/MUM/2013[2004-05]Status: DisposedITAT Mumbai27 Jun 2025AY 2004-05

Bench: Shri Pawan Singh & Shri Girish Agrawal

For Appellant: Ms. Vasanti Patel, Advocate and Ms. Saisudha Multani, CAFor Respondent: Shri Abhishek Tharwal, Sr. DR
Section 2(24)(x)Section 36(1)Section 36(1)(va)Section 80

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos.6807 and 6709/MUM/2010 Assessment Years: 2004-05 and 2005-06 | Deputy Commissioner of Income-tax, Central Circle – 38, Mumbai. | (Appellant) Vs. | UPL Limited (Formerly known as United Phosphorus Ltd.) Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar(West), Mumbai – 400052 (PAN : AABCS1698G) | (Respondent) C.O. No. 188/MUM/2011 (Arising out of ITA No.6709/MUM/2010) Assessment Year – 2005-06 | UPL Limited (Formerly known as United Phosphorus Ltd.) Uniphos Hous…

UNITED PHOSPHORUS LTD ( FORMELRY KNOWN AS SEARCH CHEM INDUSTRIES LTD),MUMBAI vs. DCIT CEN CIR 38, MUMBAI

ITA 5344/MUM/2013[2007-08]Status: DisposedITAT Mumbai27 Jun 2025AY 2007-08

Bench: Shri Pawan Singh & Shri Girish Agrawal

For Appellant: Ms. Vasanti Patel, AdvocateFor Respondent: Shri Abhishek Tharwal, Sr. DR
Section 2(24)(x)Section 36(1)Section 36(1)(va)Section 80

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos.6807 and 6709/MUM/2010 Assessment Years: 2004-05 and 2005-06 | Deputy Commissioner of Income-tax, Central Circle – 38, Mumbai. (Appellant) UPL Limited (Formerly known as United Phosphorus Ltd.) Vs. Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar(West), Mumbai – 400052 (PAN : AABCS1698G) (Respondent) C.O. No. 188/MUM/2011 (Arising out of ITA No.6709/MUM/2010) Assessment Year – 2005-06 UPL Limited (Formerly known as United Phosphorus Ltd.) Uniphos House, C.D.…

UNITED PHOSPHORUS LTD ( FORMERLY KNOWN AS SEARCH CHEM INDUSTRIES LTD),MUMBAI vs. DCIT CEN CIR 38, MUMBAI

ITA 7028/MUM/2010[2005-06]Status: DisposedITAT Mumbai27 Jun 2025AY 2005-06

Bench: Shri Pawan Singh & Shri Girish Agrawal

For Appellant: Ms. Vasanti Patel, AdvocateFor Respondent: Shri Abhishek Tharwal, Sr. DR
Section 2(24)(x)Section 36(1)Section 36(1)(va)Section 80

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos.6807 and 6709/MUM/2010 Assessment Years: 2004-05 and 2005-06 | Deputy Commissioner of | Income-tax, | Central Circle – 38, Mumbai. | (Appellant) | Vs. | UPL Limited | (Formerly known as United | Phosphorus Ltd.) | Uniphos House, C.D. Marg, 11th | Road, Madhu Park, Khar(West), | Mumbai – 400052 | (PAN : AABCS1698G) | (Respondent) C.O. No. 188/MUM/2011 (Arising out of ITA No.6709/MUM/2010) Assessment Year – 2005-06 | UPL Limited | (Formerly known as United | Phosphor…

UNITED PHOSPHORUS LTD ( FORMERLY KNOWN AS SEARCH CHEM INDUSTRIES LTD),MUMBAI vs. DCIT CEN CIR 38, MUMBAI

ITA 7027/MUM/2010[2004-05]Status: DisposedITAT Mumbai27 Jun 2025AY 2004-05

Bench: Shri Pawan Singh & Shri Girish Agrawal

For Appellant: Ms. Vasanti Patel, AdvocateFor Respondent: Shri Abhishek Tharwal, Sr. DR
Section 2(24)(x)Section 36(1)Section 36(1)(va)Section 80

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos.6807 and 6709/MUM/2010 Assessment Years: 2004-05 and 2005-06 Deputy Commissioner of Income-tax, Central Circle – 38, Mumbai. (Appellant) UPL Limited (Formerly known as United Phosphorus Ltd.) Vs. Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar(West), Mumbai – 400052 (PAN : AABCS1698G) (Respondent) C.O. No. 188/MUM/2011 (Arising out of ITA No.6709/MUM/2010) Assessment Year – 2005-06 UPL Limited (Formerly known as United Phosphorus Ltd.) Uniphos House, C.D. Mar…

DCIT CC-38, MUMBAI vs. UNITED PHOPHOURUS LTD ( FORMERLY KNWON AS SEARCH CHEM INDL. LTD), MUMBAI

ITA 6807/MUM/2010[2004-05]Status: DisposedITAT Mumbai27 Jun 2025AY 2004-05

Bench: Shri Pawan Singh & Shri Girish Agrawal

For Appellant: Ms. Vasanti Patel, AdvocateFor Respondent: Shri Abhishek Tharwal, Sr. DR
Section 2(24)(x)Section 36(1)(va)Section 80

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos.6807 and 6709/MUM/2010 Assessment Years: 2004-05 and 2005-06 | Deputy Commissioner of Income-tax, Central Circle – 38, Mumbai. (Appellant) | UPL Limited (Formerly known as United Phosphorus Ltd.) Vs. Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar(West), Mumbai – 400052 (PAN : AABCS1698G) (Respondent) C.O. No. 188/MUM/2011 (Arising out of ITA No.6709/MUM/2010) Assessment Year – 2005-06 | UPL Limited (Formerly known as United Phosphorus Ltd.) Uniphos House, C.…

DCIT CC-38, MUMBAI vs. UNITED PHOSPHORUS LTD ( FORMERLY KNOWN AS SEARCH CHEM INDL.L TD), MUMBAI

ITA 6709/MUM/2010[2005-06]Status: DisposedITAT Mumbai27 Jun 2025AY 2005-06

Bench: Shri Pawan Singh & Shri Girish Agrawal

For Appellant: Ms. Vasanti Patel, AdvocateFor Respondent: Shri Abhishek Tharwal, Sr. DR
Section 2(24)(x)Section 36(1)Section 36(1)(va)Section 80

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos.6807 and 6709/MUM/2010 Assessment Years: 2004-05 and 2005-06 | Deputy Commissioner of Income-tax, Central Circle – 38, Mumbai. (Appellant) | UPL Limited (Formerly known as United Phosphorus Ltd.) Vs. Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar(West), Mumbai – 400052 (PAN : AABCS1698G) (Respondent) C.O. No. 188/MUM/2011 (Arising out of ITA No.6709/MUM/2010) Assessment Year – 2005-06 | UPL Limited (Formerly known as United Phosphorus Ltd.) Uniphos House,…

DEPUTY COMMISSIONER OF INCOME TAX, NASHIK vs. CHAKRAHAR CONTRACTORS AND ENGINEERS PRIVATE LIMITED, JALGAON

In the result, both the appeals of the Revenue are

ITA 1940/PUN/2024[2021-22]Status: DisposedITAT Pune26 Dec 2024AY 2021-22

Bench: Shri Rama Kanta Panda & Shri Vinay Bhamore

For Appellant: Shri Sanket M JoshiFor Respondent: Shri Amol Khairnar, CIT-DR
Section 131Section 143Section 143(1)(a)Section 143(2)Section 270ASection 270A(3)(i)Section 270A(6)(a)Section 270A(9)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE “A” BENCH : PUNE BEFORE SHRI RAMA KANTA PANDA, VICE PRESIDENT AND SHRI VINAY BHAMORE, JUDICIAL MEMBER I.T.A.Nos.1939 & 1940/PUN./2024 [E-APPEALS] Assessment Years 2020-2021 & 2021-2022 The DCIT, Chakradhar Contractors And Engineers Private Limited, Room No.202, 2nd Floor, PN-35A-CTS, N-283-A 116, Sai Shobhan Building, vs. Raver Care Bldg., Opp. Yash Behind Janlaxmi Bank, Plaza, Pimprala Road, Gadkari Chowk, JALGAON – 425 001. NASHIK – 422 002. Maharashtra. Maharashtra. (Appellant) (Respondent) For Revenue : Shri Amol Khairnar, CIT-DR For Assessee : Shri Sanket M Joshi.…

DEPUTY COMMISSIONER OF INCOME TAX, NASHIK vs. CHAKRADHAR CONTRACTORS AND ENGINEERS PRIVATE LIMITED, JALGAON

In the result, both the appeals of the Revenue are

ITA 1939/PUN/2024[2020-21]Status: DisposedITAT Pune26 Dec 2024AY 2020-21

Bench: Shri Rama Kanta Panda & Shri Vinay Bhamore

For Appellant: Shri Sanket M JoshiFor Respondent: Shri Amol Khairnar, CIT-DR
Section 131Section 143Section 143(1)(a)Section 143(2)Section 270ASection 270A(3)(i)Section 270A(6)(a)Section 270A(9)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE “A” BENCH : PUNE BEFORE SHRI RAMA KANTA PANDA, VICE PRESIDENT AND SHRI VINAY BHAMORE, JUDICIAL MEMBER I.T.A.Nos.1939 & 1940/PUN./2024 [E-APPEALS] Assessment Years 2020-2021 & 2021-2022 The DCIT, Chakradhar Contractors And Engineers Private Limited, Room No.202, 2nd Floor, PN-35A-CTS, N-283-A 116, Sai Shobhan Building, vs. Raver Care Bldg., Opp. Yash Behind Janlaxmi Bank, Plaza, Pimprala Road, Gadkari Chowk, JALGAON – 425 001. NASHIK – 422 002. Maharashtra. Maharashtra. (Appellant) (Respondent) For Revenue : Shri Amol Khairnar, CIT-DR For Assessee : Shri Sanket M Joshi.…