DY.CIT (E) -2(1) , MUMBAI vs. MUMBAI EDUCATIONAL TRUST, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

bogus, baseless, vexatious and false case in the year 2012 against the said trust and other trustees of the said trust before the Hon'ble Charity Commissioner, Maharashtra State at Mumbai, thereby alleging misuse of trust property premises situate at 8th floor of said trust building by the trustees for the purpose and for the benefit of M/s Ideen Furniture

DY.CIT (E) -2(1) , MUMBAI vs. MUMBAI EDUCATIONAL TRUST, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

bogus, baseless, vexatious and false case in the year 2012 against the said trust and other trustees of the said trust before the Hon'ble Charity Commissioner, Maharashtra State at Mumbai, thereby alleging misuse of trust property premises situate at 8th floor of said trust building by the trustees for the purpose and for the benefit of M/s Ideen Furniture

DY.CIT (E) -2(1) , MUMBAI vs. MUMBAI EDUCATIONAL TRUST, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

bogus, baseless, vexatious and false case in the year 2012 against the said trust and other trustees of the said trust before the Hon'ble Charity Commissioner, Maharashtra State at Mumbai, thereby alleging misuse of trust property premises situate at 8th floor of said trust building by the trustees for the purpose and for the benefit of M/s Ideen Furniture

SUDESH DHANRAJ MURPANA (HUF),MUMBAI vs. THE INCOME TAX OFFICER, WARD 23(3)(1, MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri Girish Agrawalassessment Year: 2013-14 Sudesh Dhanraj Murpana Income Tax Officer – 23(3) (1) (Huf) Matru Mandir, Tardeo, Grant 401 Somdhan Bldg, Perry Road, Cross Road Bandra (West), Vs. Mumbai - 400007 Mumbai 400050

purchase and sale of shares were genuine transactions. 8. That in the facts and circumstances of the case and in law, the Ld. AO erred in alleging that the Appellant has indulged in bogus transactions by indulging in penny stock shares of M/s. ACI Infocom although the same had been done on the floor of the stock exchange. 9. That

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

DCIT - CC 3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

DCIT - CC 3 (1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

DCIT CENTRAL CIRCLE 3 (1), MUMBAI vs. WIND WORLD INDIA LIMITED, MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 40 A (2) (b)/37 (1). 047. In ITA number 1354/M/2019, the learned AO has raised the following grounds of appeal:- 1. whether on the facts in the circumstances of the case the learned CIT (A) was justified in law in deleting the addition of Rs 1, 30,76,850/– made on account of unaccounted cash expenses in form

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

13 & 14 of Profit & 45,34,25,43,685 Loss Account) [B] Interest received in respect of eligible business under 1849,50,60,118 section 36 (1) (viii) [C] Eligible business profits for computing deduction u/s 217,05,51,659 36(1)(viii) [D=A*C/B] 20% of Eligible Profits - [D*20] 43,41,10,331 Amounts transferred to Special

DY..C.I.T., BANGALORE vs. M/S STATE BANK OF MYSORE, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

13 & 14 of Profit & 45,34,25,43,685 Loss Account) [B] Interest received in respect of eligible business under 1849,50,60,118 section 36 (1) (viii) [C] Eligible business profits for computing deduction u/s 217,05,51,659 36(1)(viii) [D=A*C/B] 20% of Eligible Profits - [D*20] 43,41,10,331 Amounts transferred to Special

NIRMIT JATIN LATHIA,MUMBAI vs. ITO 29(2)(2), MUMBAI

In the result, both the appeals of the assessee and Revenue

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2010-11 Nirmit Jatin Lathia, Ito 29(2)(2), 2B/101, Jain Upashraya Lane, Kautilya Bhavan, Bkc, Vs. Tagore Nagar, Vikhroli East, Mumbai-400051. Mumbai-400083. Pan No. Acgpl 0296 F Appellant Respondent Assessment Year: 2010-11 Ito 41(2)(3), Nirmit Jatin Lathia, Room No. 732, Om Sai Chs, Bldg. No. 2, B-Wing, Kautilya Bhavan, Bkc, Vs. Flat No. 101, Opp Bharat Nagar Mumbai-400051. Jain Upashraya Lane, Vikhroli (E), Mumbai-400083. Pan No. Acgpl 0296 F Appellant Respondent

section 147 of the Act on 14.03.2016 assessing total income at Rs.2,77,33,199/-. In the said 14.03.2016 assessing total income at Rs.2,77,33,199/ 14.03.2016 assessing total income at Rs.2,77,33,199/ Nirmit Jatin Lathia ITA Nos. 4784, 4828/MUM/2023 reassessment order, the Assessing Officer treated the purchases of reassessment order, the Assessing Officer treated the purchases

ITO41(2)(3),MUMBAI, BKC, MUMBAI vs. NIRMIT JATIN LATHIA, MUMBAI

In the result, both the appeals of the assessee and Revenue

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2010-11 Nirmit Jatin Lathia, Ito 29(2)(2), 2B/101, Jain Upashraya Lane, Kautilya Bhavan, Bkc, Vs. Tagore Nagar, Vikhroli East, Mumbai-400051. Mumbai-400083. Pan No. Acgpl 0296 F Appellant Respondent Assessment Year: 2010-11 Ito 41(2)(3), Nirmit Jatin Lathia, Room No. 732, Om Sai Chs, Bldg. No. 2, B-Wing, Kautilya Bhavan, Bkc, Vs. Flat No. 101, Opp Bharat Nagar Mumbai-400051. Jain Upashraya Lane, Vikhroli (E), Mumbai-400083. Pan No. Acgpl 0296 F Appellant Respondent

section 147 of the Act on 14.03.2016 assessing total income at Rs.2,77,33,199/-. In the said 14.03.2016 assessing total income at Rs.2,77,33,199/ 14.03.2016 assessing total income at Rs.2,77,33,199/ Nirmit Jatin Lathia ITA Nos. 4784, 4828/MUM/2023 reassessment order, the Assessing Officer treated the purchases of reassessment order, the Assessing Officer treated the purchases