M/S MULTIVENTURE FINANCIAL SERVICES PVT LTD.,MUMBAI vs. ITO 3 (2)(2), MUMBAI

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Amarjit Singh

purchase shares investments and properties of certain companies, carry out due diligence, obtain title and other Regulatory clearance and hand over the said assets to Multiventure Agro and Infrastructure Pvt. Ltd. On completion of due diligence and obtaining all Regulatory clearances. The appellant could not carry out the said work due to Regulatory and Title issues and hence refunded

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

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

22,34,11,367/- has been upheld in this appellate order, this separate addition made by the AO on account of "speed money" cannot be sustained. However, in an eventuality, if finally the entire addition made on account of bogus purchases is deleted, this addition of Rs 24,30,000/- Rs M/s Wind World India

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

22. The Revenue is aggrieved by the fact that the Learned CIT(A) has deleted the penalty of INR.2,31,791/- and INR.3,25,519/- levied by the Assessing Officer under Section 271(1)(c) of the Act for the Assessment Years 2015-2016 and 2016-2017, respectively. Assessment Year 2014-2015 to 2019-2020 23. The Revenue has raised

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

22. The Revenue is aggrieved by the fact that the Learned CIT(A) has deleted the penalty of INR.2,31,791/- and INR.3,25,519/- levied by the Assessing Officer under Section 271(1)(c) of the Act for the Assessment Years 2015-2016 and 2016-2017, respectively. Assessment Year 2014-2015 to 2019-2020 23. The Revenue has raised

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

22. The Revenue is aggrieved by the fact that the Learned CIT(A) has deleted the penalty of INR.2,31,791/- and INR.3,25,519/- levied by the Assessing Officer under Section 271(1)(c) of the Act for the Assessment Years 2015-2016 and 2016-2017, respectively. Assessment Year 2014-2015 to 2019-2020 23. The Revenue has raised

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

22. The Revenue is aggrieved by the fact that the Learned CIT(A) has deleted the penalty of INR.2,31,791/- and INR.3,25,519/- levied by the Assessing Officer under Section 271(1)(c) of the Act for the Assessment Years 2015-2016 and 2016-2017, respectively. Assessment Year 2014-2015 to 2019-2020 23. The Revenue has raised

DCIT 3(1)(1),MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD, MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

22. The Revenue is aggrieved by the fact that the Learned CIT(A) has deleted the penalty of INR.2,31,791/- and INR.3,25,519/- levied by the Assessing Officer under Section 271(1)(c) of the Act for the Assessment Years 2015-2016 and 2016-2017, respectively. Assessment Year 2014-2015 to 2019-2020 23. The Revenue has raised

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

22. The Revenue is aggrieved by the fact that the Learned CIT(A) has deleted the penalty of INR.2,31,791/- and INR.3,25,519/- levied by the Assessing Officer under Section 271(1)(c) of the Act for the Assessment Years 2015-2016 and 2016-2017, respectively. Assessment Year 2014-2015 to 2019-2020 23. The Revenue has raised