NISH DEVELOPERS PVT. LTD.,MUMBAI vs. DCIT- CC- 6(3), MUMBAI

In the result, all the appeals of the assessee except ITA

Bench: Shri Rajesh Kumar & Shri Ram Lal Negi

bogus purchases by relying on the statement supplier without appreciating the facts & circumstances. 5. On the facts and circumstance of the case as well as in law, the Learned CIT(A) has erred in confirming the action of the Learned Assessing Officer in making an addition of Rs.2,77,33,000/- on account of alleged Unaccounted cash income, without considering

DEPUTY COMMISSIONER OF INCOME TAX, MUMBAI vs. PANKAJ DHANJI GOSHAR, MUMBAI

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

bogus. The Hon'ble High Court, affirmed the decision of the Tribunal wherein it was found that the chain of transactions entered into by the assessee have been proved, accounted for, documented and supported by evidence. It was also found that the assessee produced the contract notes, details of demat accounts and produced documents showing all payments were received

DCIT CENTRAL CIRCLE 8(1), MUMBAI vs. MAHADHAN AGRITECH LIMITED, PUNE

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

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

bogus expenditure has to be adjusted to reflect the correct position. Thus, the depreciation disallowance is correct. Issue No. 7 – Disallowance of Deduction claimed u/s 35AD (i) Ld. CIT(A) confirmed the action of the AO on the alleged reason that as per Section 35AD(7A), the assets should be exclusively used for specified business and the assessee condition. Further

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTECH TECHNOLOGIES LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS)-MUMBAI.50, MUMBAI

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

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

bogus expenditure has to be adjusted to reflect the correct position. Thus, the depreciation disallowance is correct. Issue No. 7 – Disallowance of Deduction claimed u/s 35AD (i) Ld. CIT(A) confirmed the action of the AO on the alleged reason that as per Section 35AD(7A), the assets should be exclusively used for specified business and the assessee condition. Further

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LIMITED ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE -8(1), MUMBAI

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

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

bogus expenditure has to be adjusted to reflect the correct position. Thus, the depreciation disallowance is correct. Issue No. 7 – Disallowance of Deduction claimed u/s 35AD (i) Ld. CIT(A) confirmed the action of the AO on the alleged reason that as per Section 35AD(7A), the assets should be exclusively used for specified business and the assessee condition. Further

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX(APPEAL)--50, MUMAI

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

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

bogus expenditure has to be adjusted to reflect the correct position. Thus, the depreciation disallowance is correct. Issue No. 7 – Disallowance of Deduction claimed u/s 35AD (i) Ld. CIT(A) confirmed the action of the AO on the alleged reason that as per Section 35AD(7A), the assets should be exclusively used for specified business and the assessee condition. Further

ACIT CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

ACIT, CC-6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

ACIT, CC-6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

OVERSEAS INFRASTRUCTURE ALLIANCE(INDIA) PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -6 , MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMTIED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6(2), MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMTIED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6(2), MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

bogus loss in the books of the Overseas Infrastructure Alliance (India) Pvt. Ltd. AYs 2011-12, 2015-16 to 2017-18 and 2019-20 to 2022-23 assessee so as to safeguard the property from auction owing to defaults in repayment of Standard Chartered Loan. Further, ld. Assessing Officer also alleged that block of assets had not ceased to exist

VARDHA ENTERPRISES PRIVATE LIMITED,MUMBAI vs. ACIT, CENTRAL CIRCLE- 4(3), MUMBAI

In the result, appeal of the revenue vide ITA Nos

Bench: Shri Narender Kumar Choudhry & Shri Amarjit Singh

bogus and non-genuine accommodation entries. During the year the aseeessee had made following transactions with such entities: Sl. No Party Name Amount 1 AAKAARS 2,68,040 2 AKAR MARBLE IND 13,99,031 3 AKAR MARBLE & GRANITE 30,35,241 4 ANKIT PAINTS 7,49,546 5 FALGUNI ENTERPRISES 3,54,170 6 GENESIS SYSTEMS & SOLUTION

VARDHA ENTERPRISES PRIVATE LIMITED,MUMBAI vs. DCIT, CENTRAL CIRCLE- 4(3), MUMBAI

In the result, appeal of the revenue vide ITA Nos

Bench: Shri Narender Kumar Choudhry & Shri Amarjit Singh

bogus and non-genuine accommodation entries. During the year the aseeessee had made following transactions with such entities: Sl. No Party Name Amount 1 AAKAARS 2,68,040 2 AKAR MARBLE IND 13,99,031 3 AKAR MARBLE & GRANITE 30,35,241 4 ANKIT PAINTS 7,49,546 5 FALGUNI ENTERPRISES 3,54,170 6 GENESIS SYSTEMS & SOLUTION

DCIT CENTRAL CIRCLE 4(3), MUMBAI , MUMBAI vs. VARDHA ENTERPRISES PRIVATE LIMITED, MUMBAI

In the result, appeal of the revenue vide ITA Nos

Bench: Shri Narender Kumar Choudhry & Shri Amarjit Singh

bogus and non-genuine accommodation entries. During the year the aseeessee had made following transactions with such entities: Sl. No Party Name Amount 1 AAKAARS 2,68,040 2 AKAR MARBLE IND 13,99,031 3 AKAR MARBLE & GRANITE 30,35,241 4 ANKIT PAINTS 7,49,546 5 FALGUNI ENTERPRISES 3,54,170 6 GENESIS SYSTEMS & SOLUTION