VARDHMAN REMEDIES P.LTD,MUMBAI vs. ITO 9(3)(3),

The appeal of the assessee is allowed

Bench: Shri Saktijit Dey, Jm & Shri Rajesh Kumar, Am M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227, Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) .. (प्रत्मथी / Respondent) Income Tax Officer 13(3)(3), बनाम/ M/S.Vardhman Remedies Pvt Ltd., R.No.227,Aayakar Bhavan H-405, Gokul Residency, Vs. M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Cross-Objection No.142/Mum/2017 Arising Out Of Ita No. 1004/Mum/2016 (Assessment Year: 2010-11) M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227,Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. बनाम/ Dy.Commissioner Of Income Tax M/S.Vardhman Remedies Pvt Ltd., 13(3)(2), H-405, Gokul Residency, Aayakar Bhavan 6773/M/2016 & –Co.142/Mu/2017 Near Samta Nagar, Vs. M.K. Road Kandivali (E), Mumbai 400020 Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

bogus purchases to rcover the revenue leakages is correct and needed to be upheld. We, therefore, inclined to confirm the order of CIT(A) by dismissing the appeal of the assessee. Since we have already decided the issue in ITA No 1495/Mum/2016 6. against the assessee by upholding decision of the FAA, the appeal by the revenue becomes infructuous

VARDHMAN REMEDIES P.LTD,MUMBAI vs. DCIT 13(3)(2), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Saktijit Dey, Jm & Shri Rajesh Kumar, Am M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227, Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) .. (प्रत्मथी / Respondent) Income Tax Officer 13(3)(3), बनाम/ M/S.Vardhman Remedies Pvt Ltd., R.No.227,Aayakar Bhavan H-405, Gokul Residency, Vs. M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Cross-Objection No.142/Mum/2017 Arising Out Of Ita No. 1004/Mum/2016 (Assessment Year: 2010-11) M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227,Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. बनाम/ Dy.Commissioner Of Income Tax M/S.Vardhman Remedies Pvt Ltd., 13(3)(2), H-405, Gokul Residency, Aayakar Bhavan 6773/M/2016 & –Co.142/Mu/2017 Near Samta Nagar, Vs. M.K. Road Kandivali (E), Mumbai 400020 Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

bogus purchases to rcover the revenue leakages is correct and needed to be upheld. We, therefore, inclined to confirm the order of CIT(A) by dismissing the appeal of the assessee. Since we have already decided the issue in ITA No 1495/Mum/2016 6. against the assessee by upholding decision of the FAA, the appeal by the revenue becomes infructuous

ITO 13(3)(3), MUMBAI vs. VARDHMAN REMEDIES P.LTD, MUMBAI

The appeal of the assessee is allowed

Bench: Shri Saktijit Dey, Jm & Shri Rajesh Kumar, Am M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227, Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) .. (प्रत्मथी / Respondent) Income Tax Officer 13(3)(3), बनाम/ M/S.Vardhman Remedies Pvt Ltd., R.No.227,Aayakar Bhavan H-405, Gokul Residency, Vs. M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Cross-Objection No.142/Mum/2017 Arising Out Of Ita No. 1004/Mum/2016 (Assessment Year: 2010-11) M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227,Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. बनाम/ Dy.Commissioner Of Income Tax M/S.Vardhman Remedies Pvt Ltd., 13(3)(2), H-405, Gokul Residency, Aayakar Bhavan 6773/M/2016 & –Co.142/Mu/2017 Near Samta Nagar, Vs. M.K. Road Kandivali (E), Mumbai 400020 Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

bogus purchases to rcover the revenue leakages is correct and needed to be upheld. We, therefore, inclined to confirm the order of CIT(A) by dismissing the appeal of the assessee. Since we have already decided the issue in ITA No 1495/Mum/2016 6. against the assessee by upholding decision of the FAA, the appeal by the revenue becomes infructuous

VARDHMAN REMEDIES P.LTD,MUMBAI vs. ITO 13(3)(3), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Saktijit Dey, Jm & Shri Rajesh Kumar, Am M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227, Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) .. (प्रत्मथी / Respondent) Income Tax Officer 13(3)(3), बनाम/ M/S.Vardhman Remedies Pvt Ltd., R.No.227,Aayakar Bhavan H-405, Gokul Residency, Vs. M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Cross-Objection No.142/Mum/2017 Arising Out Of Ita No. 1004/Mum/2016 (Assessment Year: 2010-11) M/S.Vardhman Remedies Pvt बनाम/ Income Tax Officer 13(3)(3), Ltd., R.No.227,Aayakar Bhavan Vs. H-405, Gokul Residency, M.K. Road Near Samta Nagar, Mumbai 400020 Kandivali (E), Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. बनाम/ Dy.Commissioner Of Income Tax M/S.Vardhman Remedies Pvt Ltd., 13(3)(2), H-405, Gokul Residency, Aayakar Bhavan 6773/M/2016 & –Co.142/Mu/2017 Near Samta Nagar, Vs. M.K. Road Kandivali (E), Mumbai 400020 Mumbai-400101 (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

bogus purchases to rcover the revenue leakages is correct and needed to be upheld. We, therefore, inclined to confirm the order of CIT(A) by dismissing the appeal of the assessee. Since we have already decided the issue in ITA No 1495/Mum/2016 6. against the assessee by upholding decision of the FAA, the appeal by the revenue becomes infructuous

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

44A)/8/64-ITJ] dt. 21.10.1965 was issued in respect of the method to be followed for calculating the limit in Rule 88 with regard to "initial contribution" and the conditions applicable for later "lumpsum contribution." In the appellant's case Rule 88 is not applicable since the fund in question is already in existence through the "initial contributions" made when

DY..C.I.T., BANGALORE vs. M/S STATE BANK OF MYSORE, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

44A)/8/64-ITJ] dt. 21.10.1965 was issued in respect of the method to be followed for calculating the limit in Rule 88 with regard to "initial contribution" and the conditions applicable for later "lumpsum contribution." In the appellant's case Rule 88 is not applicable since the fund in question is already in existence through the "initial contributions" made when

DCIT CEN CIR 4(2), MUMBAI vs. SUDHAKAR M. SHETTY, MUMBAI

Bench: Shri Joginder Singh & Shri Rajesh Kumarassessment Year: 2007-08 M/S. Skylark Build Acit, Central Circle-4(2) 402, Sagar Avenue 4Th Floor, Aayakar Bhavan बनाम/ Plot B-54, Junction Of M.K.Road, Vs. Lallubhai Park & S.V. Road Mumbai 400020 Andheri (W), Mumbai 400058 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No. Aazfs0404K Assessment Year: 2008-09 M/S. Skylark Build Acit, Central Circle-4(2) 402, Sagar Avenue 4Th Floor, Aayakar Bhavan बनाम/ Plot B-54, Junction Of M.K.Road, Vs. Lallubhai Park & S.V. Road Mumbai 400020 Andheri (W), Mumbai 400058 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No. Aazfs0404K

section 153C of LT. Act, 1961 can be initiated in respect to person other than searched only if incriminating material belonging to such person has been found and seized from the premises of person searched. No incriminating documents found at the person searched being M/s. Artefact Projects Ltd. no valid proceedings under section 153C of IT Act, 1961 could have

SKYLARK BUILD,MUMBAI vs. ASST CIT CEN CIR 4(2), MUMBAI

Bench: Shri Joginder Singh & Shri Rajesh Kumarassessment Year: 2007-08 M/S. Skylark Build Acit, Central Circle-4(2) 402, Sagar Avenue 4Th Floor, Aayakar Bhavan बनाम/ Plot B-54, Junction Of M.K.Road, Vs. Lallubhai Park & S.V. Road Mumbai 400020 Andheri (W), Mumbai 400058 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No. Aazfs0404K Assessment Year: 2008-09 M/S. Skylark Build Acit, Central Circle-4(2) 402, Sagar Avenue 4Th Floor, Aayakar Bhavan बनाम/ Plot B-54, Junction Of M.K.Road, Vs. Lallubhai Park & S.V. Road Mumbai 400020 Andheri (W), Mumbai 400058 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No. Aazfs0404K

section 153C of LT. Act, 1961 can be initiated in respect to person other than searched only if incriminating material belonging to such person has been found and seized from the premises of person searched. No incriminating documents found at the person searched being M/s. Artefact Projects Ltd. no valid proceedings under section 153C of IT Act, 1961 could have

SKYLARK BUILD,MUMBAI vs. ASST CIT CEN CIR 4(2), MUMBAI

Bench: Shri Joginder Singh & Shri Rajesh Kumarassessment Year: 2007-08 M/S. Skylark Build Acit, Central Circle-4(2) 402, Sagar Avenue 4Th Floor, Aayakar Bhavan बनाम/ Plot B-54, Junction Of M.K.Road, Vs. Lallubhai Park & S.V. Road Mumbai 400020 Andheri (W), Mumbai 400058 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No. Aazfs0404K Assessment Year: 2008-09 M/S. Skylark Build Acit, Central Circle-4(2) 402, Sagar Avenue 4Th Floor, Aayakar Bhavan बनाम/ Plot B-54, Junction Of M.K.Road, Vs. Lallubhai Park & S.V. Road Mumbai 400020 Andheri (W), Mumbai 400058 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No. Aazfs0404K

section 153C of LT. Act, 1961 can be initiated in respect to person other than searched only if incriminating material belonging to such person has been found and seized from the premises of person searched. No incriminating documents found at the person searched being M/s. Artefact Projects Ltd. no valid proceedings under section 153C of IT Act, 1961 could have