ACIT 4(2)(2), MUMBAI vs. GOPALDAS VISRAM & CO. LTD, MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

GOPALDAS VISRAM & CO. LTD,MUMBAI vs. ACIT 4(2)(2), MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

GOPALDAS VISRAM & CO. LTD,MUMBAI vs. DCIT 4(2), MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

ACIT 4(2)(2), MUMBAI vs. GOPALDAS VISRAM & CO. LTD, MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

ACIT 4(2)(2), MUMBAI vs. GOPALDAS VISRAM & CO. LTD, MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

GOPALDAS VISRAM & CO. LTD,MUMBAI vs. DCIT 4(2), MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

ACIT 4(2)(2), MUMBAI vs. GOPALDAS VISRAM & CO. LTD, MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

GOPALDAS VISRAM & CO. LTD,MUMBAI vs. ADDL CIT 4(2), MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

DCIT 4(2), MUMBAI vs. GOPALDAS VISRAM & CO. LTD, MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

GOPALDAS VISRAM & CO. LTD,MUMBAI vs. DCIT 4(2)(2), MUMBAI

Appeals are disposed off accordingly

Bench: Shri C.N. Prasad, Jm & Shri Rajesh Kumar, Am

2,66,416/- (On the basis Of finished goods discrepancies ratio with closing stock. For Raw material and packing material Rs.2,32,577/ - = 341147/ 49810398*33958240 and for WlP Rs.33,839 =341147/ 49810398*4940812). The closing stock of finished goods not found in BIN Card stock of Rs.3,41,147/- is added alongwith above estimated value of Rs.2

NETWORTH STOCK BROKING LTD,MUMBAI vs. ACIT CIR 4(2), MUMBAI

In the result, the appeal of assessee in ITA No

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

2(42A) of the Act as inserted by the Finance Act 2003, w.e.f. 01/04/2004 the period of holding of capital asset being shares allotted pursuant to corporatization of a Page 21 of 43 ITA No.3228,2268,3332&2288/Mum/2012 Networth Stock Broking Ltd.; 2007-08 & 2008-09 recognized stock exchange in India, there shall be included period for which the person

ACIT 4(2), MUMBAI vs. NETWORTH STOCK BROKING LTD, MUMBAI

In the result, the appeal of assessee in ITA No

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

2(42A) of the Act as inserted by the Finance Act 2003, w.e.f. 01/04/2004 the period of holding of capital asset being shares allotted pursuant to corporatization of a Page 21 of 43 ITA No.3228,2268,3332&2288/Mum/2012 Networth Stock Broking Ltd.; 2007-08 & 2008-09 recognized stock exchange in India, there shall be included period for which the person

ACIT 4(2), MUMBAI vs. NETWORTH STOCK BROKING LTD, MUMBAI

In the result, the appeal of assessee in ITA No

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

2(42A) of the Act as inserted by the Finance Act 2003, w.e.f. 01/04/2004 the period of holding of capital asset being shares allotted pursuant to corporatization of a Page 21 of 43 ITA No.3228,2268,3332&2288/Mum/2012 Networth Stock Broking Ltd.; 2007-08 & 2008-09 recognized stock exchange in India, there shall be included period for which the person

NETWORTH STOCK BROKING LTD,MUMBAI vs. ACIT CIR 4(2), MUMBAI

In the result, the appeal of assessee in ITA No

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

2(42A) of the Act as inserted by the Finance Act 2003, w.e.f. 01/04/2004 the period of holding of capital asset being shares allotted pursuant to corporatization of a Page 21 of 43 ITA No.3228,2268,3332&2288/Mum/2012 Networth Stock Broking Ltd.; 2007-08 & 2008-09 recognized stock exchange in India, there shall be included period for which the person

SCHIL SERVICES LTD,MUMBAI vs. DCIT 4(2)(1), MUMBAI

In the result, both the appeals filed by the assessee are allowed and the appeal filed by the Revenue is dismissed

Bench: Shri C.N. Prasad & Shri Rajesh Kumarआयकर अपील सं/ I.Ta No.1777/Mum/2015 ("नधा"रण वष" / Assessment Year: 2011-12 M/S. Shcil Services Ltd., The Dcit-4(2)(1), बनाम/ C/O Kalyaniwalla & Mistry, Aayakar Bhavan, Vs. Army & Navy Bldg., Mumbai-400 020 3Rd Floor, 148 M.G. Road, Fort, Mumbai-400 001 आयकर अपील सं/ I.Ta No.1669/Mum/2015 ("नधा"रण वष" / Assessment Year: 2011-12 The Dcit-4(2)(1), M/S. Shcil Services Ltd., बनाम/ Aayakar Bhavan, C/O Kalyaniwalla & Mistry, Vs. Mumbai-400 020 Army & Navy Bldg., 3Rd Floor, 148 M.G. Road, Fort, Mumbai-400 001 आयकर अपील सं/ I.Ta No.5004/Mum/2015 ("नधा"रण वष" / Assessment Year: 2011-12 M/S. Shcil Services Ltd., The Dcit-4(2)(1), बनाम/ C/O Kalyaniwalla & Mistry, Aayakar Bhavan, Vs. Army & Navy Bldg., Mumbai-400 020 3Rd Floor, 148 M.G. Road, Fort, Mumbai-400 001 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aajcs 5661H (अपीलाथ" /Appellant) .. (""यथ" / Respondent) अपीलाथ" ओर से/ Assesee By: Shri F.V. Irani Shri Z. Mehta ""यथ" क" ओर से/Respondent By: Shri Manjunatha Swamy Shri R.A. Dhyani

TDS u/s. 194J of the Act. According to the AO, the payments made by the assessee to Stock Holding Corporation of India Ltd., being the sub-brokerage is nothing but fees for professional and technical services, therefore the provisions of Sec. 194J of the Act are attracted. 3.1. The assessee contended that the provisions of Sec. 194J have no application

DCIT 7(3), MUMBAI vs. UNITED HOME ENTERTAINMENT P.LTD, MUMBAI

In the result, the appeal of the assessee for the assessment year 2009-10 is partly allowed for statistical purposes

TDS on expenditure upto September 2007. Further, the assessee had not obtained any certificate from the Income Tax Department under section 195(2) of the Income Tax Act.” 12. So far as this grievance of the Assessing Officer is concerned, the relevant material facts are like this. During the course of the assessment proceedings, the Assessing Officer noticed that

DCIT 7(3), MUMBAI vs. UNITED HOME ENTERTAINMENT P.LTD, MUMBAI

In the result, the appeal of the assessee for the assessment year 2009-10 is partly allowed for statistical purposes

TDS on expenditure upto September 2007. Further, the assessee had not obtained any certificate from the Income Tax Department under section 195(2) of the Income Tax Act.” 12. So far as this grievance of the Assessing Officer is concerned, the relevant material facts are like this. During the course of the assessment proceedings, the Assessing Officer noticed that

UNITED HOME ENTERTAINMENT P.LTD,MUMBAI vs. DCIT 7(3), MUMBAI

In the result, the appeal of the assessee for the assessment year 2009-10 is partly allowed for statistical purposes

TDS on expenditure upto September 2007. Further, the assessee had not obtained any certificate from the Income Tax Department under section 195(2) of the Income Tax Act.” 12. So far as this grievance of the Assessing Officer is concerned, the relevant material facts are like this. During the course of the assessment proceedings, the Assessing Officer noticed that

SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

TDS. It is further the submission of the assessee\nthat there was no violation of provision of section 40A(3) of the Act as the\namount was paid directly in the bank account and the assessee does not have\nany control over the account of the member to whom the payments have been\nmade.\n33. Before proceeding further