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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

69. The money is generated from these purchases and diverted for utilising the same in payment of speed money in the interest of the company." 8.4 From the aforesaid, it can be observed that Shri Yogesh Mehra has duly explained the source of "speed money" to be out of the unaccounted funds generated by claiming bogus purchases. In view

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

bogus purchases made by the assessee without appreciating the fact that the assessee failed to furnish documentary evidence to prove that purchase made were genuine. 2. On the facts and in the circumstances of the case, the Ld. CIT(A) failed to appreciate the provisions of sections of section 69C of the Act which categorically states that where the assessee

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

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

ITO 24(1)(4), MUMBAI vs. DEEPAK KHUSALDAS MEHTA, MUMBAI

In the result, the appeal filed by the Revenue in ITA N0

Bench: Shri Saktijit Dey & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.3019/Mum/2014 ("नधा"रण वष" / Assessment Year : 2010-11) Income Tax Officer – Shri Deepak Khusaldas बनाम/ 24(1)(4), Mehta, V. R. No. 502, Prop. Mehta Steel C-13, Syndicate, Pratyaksha Kar Bhavan, 201, Ganga, R.S. Marg, Bandra-Kurla Complex, Malad (East) Bandra (East), Mumbai –400 097. Mumbai – 400 051`. "थायी लेखा सं./Pan : Aabpm7200P (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

purchases of Rs.3,82,69,759/- shown by the assessee from M/s. Shraddha Saburi Merchants Ltd. and M/s. Sai Kripa Metallic Tradecom Ltd. as bogus and brought the entire amount to tax in the assessee’s hands. The assessment was accordingly completed under section

THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-5(1), MUMBAI vs. M/S SKYWAY INFRA PROJECTS PRIVATE LIMITED, MUMBAI

In the result, cross objections of the assessee are dismissed, cross objections of the assessee are dismissed, cross objections of the assessee are dismissed, whereas appeals of the revenue are par...

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2013-14 & Assessment Year: 2014-15 & Assessment Year: 2015-16 & Assessment Year: 2016-17 & Assessment Year: 2017-18 & Assessment Year: 2018-19 & Assessment Year: 2019-20 & Assessment Year: 2020-21

Section 132 (4), which was inserted by the Direct Tax (4), which was inserted by the Direct Tax Laws (Amendment) Act Laws (Amendment) Act, 1987 w.e.f. 1st April, 1989, furth w.e.f. 1st April, 1989, further clarifies that a person may be examined not only er clarifies that a person may be examined not only in respect of the books

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

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

bogus of alleged cash purchases credit under section 68 of the act 1 2015 – 16 20,17,69,283 33,33,334 2 2016 – 17 15,80,15,644 6,10,000 3 2017 – 18 7,30,88,524 6,08,334 4 2018 – 19 8,85,94,455 5,20,833 5 2019 – 20 12,52,40,878 17

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

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

bogus of alleged cash purchases credit under section 68 of the act 1 2015 – 16 20,17,69,283 33,33,334 2 2016 – 17 15,80,15,644 6,10,000 3 2017 – 18 7,30,88,524 6,08,334 4 2018 – 19 8,85,94,455 5,20,833 5 2019 – 20 12,52,40,878 17

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

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

bogus of alleged cash purchases credit under section 68 of the act 1 2015 – 16 20,17,69,283 33,33,334 2 2016 – 17 15,80,15,644 6,10,000 3 2017 – 18 7,30,88,524 6,08,334 4 2018 – 19 8,85,94,455 5,20,833 5 2019 – 20 12,52,40,878 17

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

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

bogus of alleged cash purchases credit under section 68 of the act 1 2015 – 16 20,17,69,283 33,33,334 2 2016 – 17 15,80,15,644 6,10,000 3 2017 – 18 7,30,88,524 6,08,334 4 2018 – 19 8,85,94,455 5,20,833 5 2019 – 20 12,52,40,878 17