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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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

31,32,458/- to ₹24,30,000/-. The assessee also challenged that both the amount of bogus purchases and expenditure on account of speed money both cannot be made and therefore, he deleted the addition of speed money over and above the bogus purchases. Accordingly, the appeal of the assessee was allowed partly. 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)

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

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

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

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

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

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

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

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

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

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

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

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

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

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

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

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

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

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

31. The last leg of the purchase is with respect to the purchases made from five parties by the assessee wherein the learned assessing officer has disallowed the purchases completely. The claim of the assessee is that the disallowance was made on the basis of the statement of Mr. JP Shah who did not state that the payments made towards

ITO 25(2)(1), MUMBAI vs. ACTUBE ENTERPRISES, MUMBAI

Bench: Shri C.N. Prasad & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.3941/Mum/2017 (नििाारण वर्ा / Assessment Year : 2010-11) बिाम/ Income Tax Officer-25(2)(1) Actube Enterprises Room No. 505, C-10, 5Th 27, Laxmi Flat Owner Floor, Pratyakshkar Chs Limited , V. Bhavan, Bkc, M.G. Road Extension, Bandra(East), Vile Parle(East), Mumbai-400051 Mumbai-400057 स्थायी ऱेखा सं./ Pan: Aabfa2570J (अपीऱाथी /Appellant) .. (प्रत्यथी / Respondent) Revenue By: Shri. Vivek Anand Ojha (Dr) Assessee By: Apurva R. Shah (Ar) सुनवाई की तारीख /Date Of Hearing : 01.07.2019 घोषणा की तारीख /Date Of Pronouncement : 05.08.2019 आदेश / O R D E R Per Ramit Kochar: This Appeal, Filed By Revenue, Being Ita No. 3941/Mum/2017, Is Directed Against Appellate Order Dated 15.03.2017 In Appeal No. Cit(A)-37/It-722/Ito-25(2)(1)/15-16, Passed By Learned Commissioner Of Income Tax (Appeals)-37, Mumbai (Hereinafter Called “The Cit(A)”), For Assessment Year(Ay) 2010-11, The Appellate Proceedings Had Arisen Before Learned Cit(A) From Assessment Order Dated 31.12.2015 Passed By Learned Assessing Officer (Hereinafter Called “The Ao”) U/S 143(3) R.W.S. 147 Of The Income-Tax Act, 1961 (Hereinafter Called “The Act”) For Ay:2010-11. I.T.A. No.3941/Mum/2017

31,471!- and deleted the balance of R.28,73,432/-. While doing so he deleted the addition of Rs, 5 lakhs as made by the assessing Officer on the ground that the addition on account of bogus purchase had already been made. The Tribunal was of the opinion that twelve and half percent of the disputed purchases should be retained

KALPSARU DIAMONDS ,MUMBAI vs. ACIT 23(2), MUMBAI

In the result, the grounds raised by the assessee as well as In the result, the grounds raised by the assessee as well as Revenue are allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Years: 2012-13 Kalpsaru Diamonds, Acit 23(2), Jw 8040/250, Bharat Diamond Piramal Chambers, Vs. Bourse, Bkc, Bandra East, Mumbai-400013. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent Assessment Years: 2012-13 Dy. Cit-23(1), Kalpsaru Diamonds, Room No. 511, Fifth Floor, Jw 8040/250, Bharat Diamond Piramal Chambers, Parel, Vs. Bourse, Bkc, Bandra East, Lalbaugh-400012. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent

section 147 of the Act, but recorded his own satisfaction after applying his mind and analyzi his mind and analyzing the facts came to his knowledge. 7.16 At this juncture, it may not be out of place to highlight the At this juncture, it may not be out of place to highlight the At this juncture