“Section 56(1)(vii)(b)”

Section References (mined)Section 56Section 56(1)(vii)(b)3 judgments

SHARAD SEVANTILAL SHAH ,MUMBAI vs. INCOME TAX OFFICER WARD 23(3)(6), MUMBAI

The appeal of the assessee is allowed

ITA 4154/MUM/2025[2016-17]Status: DisposedITAT Mumbai14 Aug 2025AY 2016-17

unaccounted cash transaction\nbetween the buyer and the seller. The CIT(A) while holding that the addition\nshould be made under section 56(1)(vii)(b) for want of agreement between the\nbuyer and the seller on the sale consideration and the respite sought under the\nproviso cannot be granted

HASHA KACHARU TANDEL,RAIGAD vs. ITO WARD-2, PANVEL

In the result, appeal of the assessee is allowed for statistical purposes

ITA 2075/PUN/2024[2014-15]Status: DisposedITAT Pune01 Aug 2025AY 2014-15

Bench: Dr.Manish Borad & Shri Vinay Bhamore

For Appellant: Shri Devendra JainFor Respondent: Shri Ramnath P. Murkunde

Section 143(2)Section 143(3)Section 250Section 56(1)(vii)Section 56(2)Section 69

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “A”, PUNE BEFORE DR.MANISH BORAD, ACCOUNTANT MEMBER AND SHRI VINAY BHAMORE, JUDICIAL

RABIN ARUP MUKERJEA,MUMBAI vs. ITO, INT TAX WARD, 3(2)(1), MUMBAI

In the result, appeal of the assessee is allowed on\nmerits

ITA 5884/MUM/2024[2016-17]Status: DisposedITAT Mumbai21 Mar 2025AY 2016-17

Bench: SHRI AMIT SHUKLA, JUDICIAL MEMBER\n&\nSHRI AMARJIT SINGH (Accountant Member)

Section 147Section 148Section 197Section 55Section 56Section 56(2)Section 56(2)(vii)

Income Tax Act,\nthe donor and donee do not fall under the purview of \"Relative\"\nand therefore the provisions of section 56(1)(vii)(b) is invoked.\nHence. I have reason to believe that as the assessee has not filed\nROI and has not disclosed these material facts necessary