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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

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

bogus purchases has been utilized for making unaccounted cash expenses in form of speed money? 3. Whether on the facts and circumstances of the case the Ld CIT(A) was justified in law in deleting the disallowance of Rs. 10,50,94,178/- made u/s 14A on the ground that no exempt income has been earned during the assessment year

M/S ATLANTA LTD,MUMBAI vs. DCIT CIRCLE- 9 (1)(2), MUMBAI

In the result, Revenue‟s appeal (ITA No

14A of the Act. 5. Being aggrieved, the Assessee filed appeal before CIT(A). The CIT(A) partly allowed the appeal of the Assessee by restricting the disallowance (a) on account of bogus purchases to INR 1,08,46,691 being 12.5% of purchases, and (b) under Section

DY CIT 9 (1)(2), MUMBAI vs. ATLANTA LIMITED, MUMBAI

In the result, Revenue‟s appeal (ITA No

14A of the Act. 5. Being aggrieved, the Assessee filed appeal before CIT(A). The CIT(A) partly allowed the appeal of the Assessee by restricting the disallowance (a) on account of bogus purchases to INR 1,08,46,691 being 12.5% of purchases, and (b) under Section

MIRAH DEKOR PVT LTD,MUMBAI vs. DCIT CC 14, MUMBAI

The appeals are partly allowed

section 115JB of the Act: 32. The Assessing Officer in his assessment order in computation part has computed bogus purchases as under without any discussion in this regard :- “COMPUTATION OF BOOK PROFIT Book profit u/s.115JB of the I.T. Act : Net profit for the year as per P&L Rs. 6,90,29,650 account Add : disallowance u/r. 14A

ACIT, CENTRAL CIRCLE1(3), MUMBAI vs. M/S. PENINSULA LAND LIMITED , MUMBAI

In the result the appeal filed by the revenue is dismissed

Bench: Shri Pavan Kumar Gadale & Shri S Rifaur Rahaman, Accountat Member Ita No. 5632 & 5633/Mum/2019 (A.Y: 2009-10 & 2010-11) Acit, Cc – 1(3) Vs. M/S Peninsula Land 905, 9Th Floor, Pratistha Ltd., Bhavan, Old Cgo Bldg, No. 2, Peninsula (Annexe), M.K .Road, Spenta, Mathuradas Mumbai – 400020. Mill Compound, Senapati Bapat Marg, Parel, Mumbai- 400013. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaact5173A Appellant .. Respondent Appellant By : Shri. Aditya Rai. Dr Respondent By : Shri. Vijay Mehta.Ar Date Of Hearing 24.06.2022 Date Of Pronouncement 28.07.2022 आदेश / O R D E R Per Pavan Kumar Gadale, Jm: These Are The Two Appeals Filed The By The Revenue Against The Common Order Of The Commissioner Of Income Tax (Appeals)-47, Mumbai Passed U/S 153A R.W.S 143(3) & 250 Of The Act.

14A at Rs. 4,67,40,503/- by ignoring suo-moto disallowance of Rs. 1,28,47,817/- made by the appellant at the time of filing return of income u/s 153A. The said action of the AO is erroneous and needs to be modified accordingly. 5. Whereas the CIT(A) considered the submissions, the findings

SUMAN GUPTA,MUMBAI vs. DCIT -CC- 4(2), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

bogus purchases. 14. In addition to the above, Assessing Officer further observed that during the year under consideration the assessee had advanced total loan amounting to ₹.35,18,600/- to various parties as mentioned in Para No. 24 of the Assessment Order. Assessing Officer noticed that no interest was charged by the assessee on the above loans and advances. Assessee

SUMAN GUPTA,MUMBAI vs. DCIT - CC- 4(2), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

bogus purchases. 14. In addition to the above, Assessing Officer further observed that during the year under consideration the assessee had advanced total loan amounting to ₹.35,18,600/- to various parties as mentioned in Para No. 24 of the Assessment Order. Assessing Officer noticed that no interest was charged by the assessee on the above loans and advances. Assessee

DCIT-C-6(2), MUMBAI vs. SAMIRA HABITATS INDIA LIMITED, MUMBAI

In the result, the cross-objection by the assessee for the assessment year 2012-13 is dismissed

Bench: Shri Narendra Kumar Billaiyashri Sandeep Singh Karhailita No.5714/Mum/2024 Assessment Year : 2011-12 Assessment Year : 2012-13 Assessment Year : 2009-10

14A is to be made even if no exempted income had been earned by the assessee during the year under consideration?" 4. The issue arising in Ground No. (i), raised in Revenue’s appeal, pertains to restricting the disallowance made on account of bogus purchases to 50%. 5. The brief facts of the case pertaining to this issue, as emanating

ASSISTANT COMMISSIONER OF INCOME TAX-4(1)(1), MUMBAI, MUMBAI vs. ACZET PRIVATE LIMITED, MUMBAI

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

bogus purchases, the Tribunal directed the Assessing Officer to calculate the gross profit on such purchases based on the profit ratio of other actual purchases in the year.", "result": "Partly Allowed", "sections": [ "14A

VIRAJ PROFILES PRIVATE LIMITED,MUMBAI vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), MUMBAI

In the result, appeal filed by the assessee is partly allowed as per above directions

Bench: Shri Narender Kumar Choudhry, Hon’Ble & Shri S. Rifaur Rahman, Hon'Bleviraj Profiles Pvt Ltd V. Dy. Cit - Central Circle- 3(2) (Formerly Known As Viraj Profiles Limited) Room No. 1923, 19Th Floor 1St Floor, Viraj Towers Air India Building Jn Of Andheri Kurla Road Nariman Point W.E. Highway, Andheri (E) Mumbai- 400021 Mumbai- 400093 Pan: Aabcv1740N (Appellant) (Respondent) Dy. Cit - Central Circle- 3(2) V. Viraj Profiles Pvt Ltd (Formerly Known As Viraj Profiles Limited) Room No. 1923, 19Th Floor 1St Floor, Viraj Towers Air India Building, Nariman Jn Of Andheri Kurla Road Point W.E. Highway, Andheri (E) Mumbai- 400021 Mumbai- 400093 Pan: Aabcv1740N (Appellant) (Respondent) Assessee Represented By : Shri. Mani Jain Department Represented By : Shri. Ujjawal Kumar Chavan

bogus purchases aggregating to Rs. 1,65,72,573/- made u/s 37 of the Act, for the reasons mentioned in the impugned order or otherwise. The Appellant submits that the aforesaid addition being excessive on facts and prays that the same be suitably reduced. 5. On the facts and in the circumstances of the Appellant's case