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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt 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

bogus purchases. Accordingly, ground numbers 1 – 2 of the appeal of the AO are dismissed. 026. The ground number three is with respect to the disallowance u/s 14 A of ₹ 105,094,178/–, deleted by the learned CIT – A on the argument that there is no exempt M/s Wind World India

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

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

bogus sales to the extent of Rs.862.57 crores, when investigation carried out during the course of remand proceedings did not yield desired results. Further, we are of the considered view that when the assessee is a habitual offender of falsification of its books of account by booking bogus purchases as well as bogus sales, so as to siphon

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

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

bogus sales to the extent of Rs.862.57 crores, when investigation carried out during the course of remand proceedings did not yield desired results. Further, we are of the considered view that when the assessee is a habitual offender of falsification of its books of account by booking bogus purchases as well as bogus sales, so as to siphon

VINIPUL INORGANICS FOODS PVT LTD,CHEMBUR, MUMBAI vs. INCOME TAX OFFICER WARD 14 (3) (2), MUMBAI, MAHARSHI KARVE ROAD, MUMBAI

In the result both the appeals filed by the Assessee are partly allowed

Bench: Sh.Narendra Kumar Choudhry () & Shri S Rifaur Rahman ()

section 133(6) of the Act issued by the Assessing 7 ITAs 2509 & 2510/Mum/2023 Vinipul Inorganics Foods Pvt Ltd Officer to the alleged bogus parties were either returned unserved or were not replied to and the assesses also on being specifically asked, failed to file the documents for showing the evidence qua movements of goods from supplier to the Assessee

VINIPUL INORGANICS FOODS PRIVATE LIMITED,CHEMBUR, MUMBAI vs. INCOME TAX OFFICER WARD 14 (3) (2), MUMBAI, MAHARSHI KARVE ROAD, MUMBAI

In the result both the appeals filed by the Assessee are partly allowed

Bench: Sh.Narendra Kumar Choudhry () & Shri S Rifaur Rahman ()

section 133(6) of the Act issued by the Assessing 7 ITAs 2509 & 2510/Mum/2023 Vinipul Inorganics Foods Pvt Ltd Officer to the alleged bogus parties were either returned unserved or were not replied to and the assesses also on being specifically asked, failed to file the documents for showing the evidence qua movements of goods from supplier to the Assessee

RATNAGIRI STAINLESS P. LTD,MUMBAI vs. ITO 5(3)(1), MUMBAI

In the result, appeal filed by the assessee in ITA No

Bench: Shri C.N. Prasad & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 4463/Mum/2016 ("नधा"रण वष" / Assessment Year : 2009-10) M/S Ratnagiri Stainless Pvt. Income Tax Officer 5(3)(1), बनाम/ Ltd., Mumbai. V. 21/23, Laxmi Niwas, 2 Nd Parsiwada Lane, Opp V.P. Road Police Station, Mumbai – 400 004. "थायी लेखा सं./Pan : Aadcr2993P (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

section 234A, 234B, 234C and 234D of the Act. ITA 4463/Mum/2016 3 7. The appellant crave leave to add, amend , alter and/or vary any of the grounds of appeal before or at the time of hearing.” 3. At the outset learned counsel for the assessee submitted that the assessee did not wish to press ground

DCIT 15(2)(2), MUMBAI vs. PCI ANALYTICS P.TLD, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

340/-. 2. Dakshin During the year purchases amounting to Rs.80,95,278/- was made from this party. Opening balance of Rs.22,46,67,4/- as on 01.04.2010. A sum of Rs.98,82,207/- was paid during the year leaving a balance of Rs.4,59,945/-. 3. Sunlight Gas Equipment : During the year purchases amounting to Rs.71,19,801/- was made

RAINA ENGINEERS,MUMBAI vs. ASST CIT PANVEL CIR, MUMBAI

In the result, assessee’s appeal for the assessment year 2009-10 and 2011-12 are allowed and appeal for the assessment year 2010-11 is partly allowed

Bench: Shri M. Balaganesh (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2009-2010 M/S Raina Engineers, The Deputy Commissioner Of A-8, Shri Ram Industrial Estate, Income Tax, G.D. Ambedkar Road, 3Rd Floor, Trifed Tower, Wadala (W), Vs. Opp. Khanda Colony, Panvel, Mumbai - 400031 Navi Mumbai Pan: Aabfr6379J Assessment Year: 2010-2011 M/S Raina Engineers, The Asst. Commissioner Of A-8, Shri Ram Industrial Estate, Income Tax, G.D. Ambedkar Road, Panvel Circle, Wadala (West), Vs. Panvel Mumbai - 400031 Pan: Aabfr6379J (Appellant) (Respondent) Assessment Year: 2010-2011 The Dy. Commissioner Of Income M/S Raina Engineers, Tax, Panvel Circle, 604, Sunder Tower, Income Tax Office, 3Rd Floor, Off. T.J. Road, Trifed Tower, Sector- 17, Vs. Opp. Swan Mills, Sewari, Opp: Khanda Colony, New Panvel, Mumbai Dist: Raigad. Pan: Aabfr6379J (Appellant) (Respondent) Assessment Year: 2011-2012 M/S Raina Engineers, The Deputy Commissioner Of A-8, Shri Ram Industrial Estate, Income Tax, G.D. Ambedkar Road, 3Rd Floor, Trifed Tower, Wadala (W), Vs. Opp. Khanda Colony, Panvel, Mumbai - 400031 Navi Mumbai Pan: Aabfr6379J Assessment Years: 2009-10, 2010-11 & 2011-12 Assessment Year: 2011-2012 The Dy. Commissioner Of Income M/S Raina Engineers, Tax, Panvel Circle, A-8, C-6, Sriram Industrial Income Tax Office, 3Rd Floor, Estate, G.D. Ambedkar Road, Trifed Tower, Sector- 17, Vs. Wadala (W), Opp: Khanda Colony, New Panvel, Mumbai - 400031 Dist: Raigad Pan: Aabfr6379J

section 147/148 of Income Tax Act, 1961. 2. The Hon’ble CIT-A erred on facts and circumstances and in law in rejecting the books of accounts and also in sustaining the disallowance made by the Assessing Officer on account of alleged bogus purchases amounting to Rs. 1,32,03,198/-. 3. The appellant prays that the disallowance on account

ASST CIT CIR 3, KALYAN vs. RICH & ROYAL, KALYAN

In the result appeal of the revenue is dismissed in the manner indicated above

Bench: Shri Mahavir Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.1007/Mum/2016 (नििाारण वर्ा / Assessment Year: 2007-08) Acit Cir 3 बिाम/ M/S. Rich & Royal 2N D Floor, Rani Mansion, The Raymond Shop, Murbad Road, Kalyan(W), Zojwalla Complex, V. Dist Thane 421301 Agra Road, Kalyan (W) 421301 स्थायी ऱेखा सं./ Pan : Aadfr3357G (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

bogus as disallowed in Assessment Year 2005-06, 2006-07 and 2009-10. The Assessing Officer issued notice us/s 148 of the Act to the assessee to reopen the assessment. The assessee was asked to establish the genuineness of the purchases shown from such parties. The stand of the assessee is that the amounts were made through cheque

ASST CIT 15(2)(2), MUMBAI vs. PRASHANT PROJECTS LTD, MUMBAI

In the result appeal of the assessee as well revenue are allowed for statistical purposes

Bench: Shri Mahavir Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.4621/Mum/2015 (नििाारण वर्ा / Assessment Year: 2010-11) बिाम/ Acit 15(2)(2) Prashant Projects Ltd., R.No. 403, 4 T H Floor, R.No. 406-408, Aayakar Bhavan, Plot No. 57, V. M.K. Road, Hermes Atrium, Mumbai 400020 Sector-11, Cbd Belapur, Navi Mumbai 400614 स्थायी ऱेखा सं./ Pan : Aabci0639P (अपीऱाथी /Appellant) .. (प्रत्यथी / Respondent)

bogus purchases obtained by the assessee with an intention to reduce profits of the assessee by inflation of purchases , which led to addition to the income of the assessee to the tune of Rs.24,51,435/- by the AO u/s. 143(3) of the Act. Tender fee of Rs. 2,12,055/- 10. The AO observed from the perusal