DCIT, CENTRAL CIRCLE 3(3), MUMBAI, MUMBAI vs. AVAADA VENTURES PVT. LTD , MUMBAI

In the result, all the appeals of the Revenue are\ndismissed as well as Cross Objections of the assessee are\ndismissed as infructuous

bogus or non-genuine. The entire\nsubmissions of the assessee including on merits have been\nincorporated in the appellate order right from pages 5-77 of the\nappellate order.\n10. The assessee's submissions were forwarded to the ld. AO\nspecifically to rebut the submissions, whether there was any\nincriminating material found during the course of search in the\ncase

SUKHPAL BIJARAM PRAJAPAT,MUMBAI vs. DCIT CEN CIR 8(3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

SHRI DHARMENDRA A BABEL,MUMBAI vs. DCIT CENTRAL CIRCLE-8(3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PARSHWANATH GEMS PVT. LTD.,MUMBAI vs. DCIT , CC - 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

MARINE GEMS PVT. LTD.,MUMBAI vs. DCIT - CC- 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PRAMOD KUMAR RANKA,MUMBAI vs. DCIT - CC- 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PRAMOD KUMAR RANKA,MUMBAI vs. DCIT - CC- 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

FRONTLINE DIAMOND PVT. LTD.,MUMBAI vs. DCIT - CC -8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

FRONTLINE DIAMOND PVT. LTD.,MUMBAI vs. DCIT - CC -8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

MARINE GEMS PVT. LTD.,MUMBAI vs. DCIT - CC- 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

MARINE GEMS PVT. LTD.,MUMBAI vs. DCIT - CC- 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PARSHWANATH GEMS PVT. LTD.,MUMBAI vs. DCIT , CC - 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

KARISHMA DIAMOND PVT. LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-8(3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

SHRI DHARMENDRA A BABEL,MUMBAI vs. DCIT CENTRAL CIRCLE-8(3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

KARISHMA DIAMOND PVT. LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-8(3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PARSHWANATH GEMS PVT. LTD.,MUMBAI vs. DCIT , CC - 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PARSHWANATH GEMS PVT. LTD.,MUMBAI vs. DCIT , CC - 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted

PRAMOD KUMAR RANKA,MUMBAI vs. DCIT - CC- 8 (3), MUMBAI

In the result appeal filed by the assessee for assessment year,

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm

bogus. Thus, the learned Assessing Officer was of the view that assessee has merely provided accommodation entries and had not carried on actual business transaction. Show cause notices were issued on 22nd January, 2016 stating that why accommodation entry transactions should not be assessed on substantive basis in his hands. The assessee submitted that Mr. Gautam Bhanwarlal Jain has retracted