MR. SATYA PRAKASH SINGH,MUMBAI vs. ITO, WARD-28(3)(1), VASHI

In the result, the ground so taken by the assessee so far as it relates to challenging the order of the AO as passed beyond the period of limitation is hereby allowed

Bench: Justice (Retd.) Shri C.V. Bhadang & Shri Vikram Singh Yadav

bogus purchases from three other parties, namely, Greenfield Overseas, Arihant International and Marque Global was brought to tax as unexplained expenditure u/s 69C of the Act and assessed income was determined at Rs. 4,32,95,82,203/- and assessment order u/s. 143(3) r.w.s. 147 of the Act was passed vide order dt. 23-06-2022. 7. The assessee

ITO-28(3)(1), MUMBAI, MUMBAI vs. SATYA PRAKASH SINGH, MUMBAI

In the result, the ground so taken by the assessee so far as it relates to challenging the order of the AO as passed beyond the period of limitation is hereby allowed

Bench: Justice (Retd.) Shri C.V. Bhadang & Shri Vikram Singh Yadav

bogus purchases from three other parties, namely, Greenfield Overseas, Arihant International and Marque Global was brought to tax as unexplained expenditure u/s 69C of the Act and assessed income was determined at Rs. 4,32,95,82,203/- and assessment order u/s. 143(3) r.w.s. 147 of the Act was passed vide order dt. 23-06-2022. 7. The assessee

SHRIVALLABH PITTE INDUSTRIES LTD MUMBAI,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1),MUMBAI, MUMBAI

purchases and sales\ntransactions from 3% to 0.07% although the assessing\nofficer has rightly computed commission at the rate of 3%\nwhich is fair and reasonable, by placing reliance on various\njudicial pronouncement which is in the range of 5% to 6%\non the facts and in the circumstances of the case and in law\nthe learned CIT A erred

M/S.BALAJI BULLION & COMMODITIES (INDIA) PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE-40, MUMBAI

In the result, both the appeals are allowed

Bench: Shri Prashant Maharishi, Am & Shri Amarjit Singh, Jm Balaji Bullion & Commodities The Dy. Commissioner Of (India) Private Limited Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002 (Appellant) (Respondent) Pan No. Aadcbo236F Balaji Universal Tradelinks P. The Dy. Commissioner Of Ltd. Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002

Bogus Share Application money under section 68 of the IT Act, 1961. Looking to the facts and in the circumstances of your Appellant's case the said addition made by the Ld. A.O. is incorrect and invalid and ought to be deleted as the provisions of section 68 has been complied with. 7. On the facts and in the circumstances

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD MUMBAI ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2)., MUMBAI vs. M/S CITRON INFRAPROJECTS LTD , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

SHRIVALLABH PITTIE INDUSTRIES LTD ,MUMBAI. vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

HELLIOS EXPORTS LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-20

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI MUMBAI MUMB, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI vs. M/S CITRON INFRAPROJECTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI vs. DCIT, CC- 8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

purchases and sales transactions from 3% to 0.07% although the assessing officer has rightly computed commission at the rate of 3% which is fair and reasonable, by placing reliance on various judicial pronouncement which is in the range of 5% to 6% iii. on the facts and in the circumstances of the case and in law the learned