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

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

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

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

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

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

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

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

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

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

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

BHARAT DE vs. HI DAGHA,THANEVS.ITO WARD 3(1), KALYAN

In the result, both the appeals of the assessee are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2009-10 & Assessment Year: 2010-11 Bharat Devshi Dagha, Ito, Ward 3(1), 3/13, Geet Govind Chs. Rani Mansion Manpada Road, Vs. Maharashtra-421301. Dombivli East-421 201. Pan No. Aarpd 9399 Q Appellant Respondent

section 145(3) 145(3) of the Act and made addition for the entire bogus purchases of Rs.12,89,039/- in made addition for the entire bogus purchases of Rs.12,89,039/ made addition for the entire bogus purchases of Rs.12,89,039/ assessment year 2009 t year 2009-10 and Rs.9,87,466/- in assessment year in assessment year

BHARAT DE vs. HI DAGHA,THANEVS.ITO WARD 3(1), KALYAN

In the result, both the appeals of the assessee are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2009-10 & Assessment Year: 2010-11 Bharat Devshi Dagha, Ito, Ward 3(1), 3/13, Geet Govind Chs. Rani Mansion Manpada Road, Vs. Maharashtra-421301. Dombivli East-421 201. Pan No. Aarpd 9399 Q Appellant Respondent

section 145(3) 145(3) of the Act and made addition for the entire bogus purchases of Rs.12,89,039/- in made addition for the entire bogus purchases of Rs.12,89,039/ made addition for the entire bogus purchases of Rs.12,89,039/ assessment year 2009 t year 2009-10 and Rs.9,87,466/- in assessment year in assessment year

DEPUTY COMMISSIONER OF INCOME TAX -23(1) , MUMBAI vs. KALPSARU DIAMONDS, 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

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

ITO 6 (1)(1), MUMBAI vs. M/S A J COAL PVT LTD., MUMBAI

In the result, both the appeals of the assessee and the In the result, both the appeals of the assessee and the In the result, both the appeals of the assessee and the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2009-10 Ito-6(1)(1), M/S A.J. Coal Pvt. Ltd., Aayakar Bhavan, 24A, Coal Depot, Sewree (E), Vs. Room No. 503, 5Th Floor, M.K. Mumbai-400015. Road, New Marine Lines, Mumbai-400020. Pan No. Aabca 0386 M Appellant Respondent Assessment Year: 2009-10 M/S A.J. Coal Pvt. Ltd., Ito-6(1)(1), C/O M/S Jayesh Sanghrajka & Aayakar Bhavan, Room No. 503, Co. Llp, 405, Hind Rajasthan Vs. 5Th Floor, M.K. Road, New Marine Centre, Ds Phalke Road, Dadar Lines, Mumbai-400020. (East), Mumbai-400014. Pan No. Aabca 0386 M Appellant Respondent

24,809/- of the bogus purchases of of the bogus purchases of Rs. 49,98,475/ Rs. 49,98,475/- rather than an amount of Rs. 17,28,507/ rather than an amount of Rs. 17,28,507/- computed in the assessment order dated 28/11/2016 passed computed in the assessment order dated 28/11/2016 passed computed in the assessment order dated

M/S A J COAL PVT LTD.,MUMBAI vs. ITO 6 (1)(1), MUMBAI

In the result, both the appeals of the assessee and the In the result, both the appeals of the assessee and the In the result, both the appeals of the assessee and the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2009-10 Ito-6(1)(1), M/S A.J. Coal Pvt. Ltd., Aayakar Bhavan, 24A, Coal Depot, Sewree (E), Vs. Room No. 503, 5Th Floor, M.K. Mumbai-400015. Road, New Marine Lines, Mumbai-400020. Pan No. Aabca 0386 M Appellant Respondent Assessment Year: 2009-10 M/S A.J. Coal Pvt. Ltd., Ito-6(1)(1), C/O M/S Jayesh Sanghrajka & Aayakar Bhavan, Room No. 503, Co. Llp, 405, Hind Rajasthan Vs. 5Th Floor, M.K. Road, New Marine Centre, Ds Phalke Road, Dadar Lines, Mumbai-400020. (East), Mumbai-400014. Pan No. Aabca 0386 M Appellant Respondent

24,809/- of the bogus purchases of of the bogus purchases of Rs. 49,98,475/ Rs. 49,98,475/- rather than an amount of Rs. 17,28,507/ rather than an amount of Rs. 17,28,507/- computed in the assessment order dated 28/11/2016 passed computed in the assessment order dated 28/11/2016 passed computed in the assessment order dated

M/S. PARAS PLASTIC PROCESSORS,MUMBAI vs. INCOME TAX OFFICER WARD-27(2)(5), MUMBAI

In the result, the appeal of the assessee is dismissed

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2010-11 M/S Paras Plastic Processors, Income Tax Officer 806/807, Ajit Nath, Ward-27(2)(5), Nilkantha Enclave, Ajit Nagar, Vs. Vashi, Opp. Shreyash Cinema, Navi Mumbai-400-703. Lbs Marg, Ghatkopar (West), Mumbai-400086. Pan No. Aaefp 8206 H Appellant Respondent

section 145(3) of the IT Act and after taking average GP rate of 15%, made an addition of rate of 15%, made an addition of Rs.54,03,687/- computed on such computed on such bogus purchas bogus purchases/expenses. This order was set aside by the es/expenses. This order was set aside by the jurisdictional

HYDROAIR TECTONICS (PCD) LTD,NAVI MUMBAI vs. DCIT CEN CIR 2(1), MUMBAI

Bench: Shri Joginder Singh () & Shri G Manjunatha ()

purchases as well as bogus sales. It was the contention of the assessee before the lower authorities that no addition could be made in cases where the assessments have been unabated as on date of search, in absence of any incriminating material found as a result of search. The assessee has relied upon plethora of judicial precedents including the decision

RAJKUMARI SINGH,NAVI MUMBAI vs. DCIT CEN CIR 8, MUMBAI

Bench: Shri Joginder Singh () & Shri G Manjunatha ()

purchases as well as bogus sales. It was the contention of the assessee before the lower authorities that no addition could be made in cases where the assessments have been unabated as on date of search, in absence of any incriminating material found as a result of search. The assessee has relied upon plethora of judicial precedents including the decision