SMT. HARSH A NITIN THAKKAR,RAIGAD vs. THE DCIT CENT. CIR -3(4) , MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

239/- Jul-13 /- Total :- 8,10,79,859 /- 4.1. The assessee was allotted 2,00,000 shares of M/s. Radford Global Ltd. on 12/02/2013 having a face value of Rs.10/- and a premium of Rs.5/- per share on preferential basis and consideration paid thereon was Rs 30,00,000/-. Subsequently, the shares having face value of Rs.10/- were split into

SMT HARHSA NITIN THAKKAR,MUMBAI vs. THE DY. CITI CENT. CIR -3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

239/- Jul-13 /- Total :- 8,10,79,859 /- 4.1. The assessee was allotted 2,00,000 shares of M/s. Radford Global Ltd. on 12/02/2013 having a face value of Rs.10/- and a premium of Rs.5/- per share on preferential basis and consideration paid thereon was Rs 30,00,000/-. Subsequently, the shares having face value of Rs.10/- were split into

DINESHCHANDRA D. CHHAJED,MUMBAI vs. DCIT CC3(4) , MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

239/- Jul-13 /- Total :- 8,10,79,859 /- 4.1. The assessee was allotted 2,00,000 shares of M/s. Radford Global Ltd. on 12/02/2013 having a face value of Rs.10/- and a premium of Rs.5/- per share on preferential basis and consideration paid thereon was Rs 30,00,000/-. Subsequently, the shares having face value of Rs.10/- were split into

SHRI NITIN POPATLAL THAKKAR,MUMBAI vs. THE DCIT CENT.CIR-3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

239/- Jul-13 /- Total :- 8,10,79,859 /- 4.1. The assessee was allotted 2,00,000 shares of M/s. Radford Global Ltd. on 12/02/2013 having a face value of Rs.10/- and a premium of Rs.5/- per share on preferential basis and consideration paid thereon was Rs 30,00,000/-. Subsequently, the shares having face value of Rs.10/- were split into

SHRI YOGESH P. THAKKAR,PANVEL vs. THE DCIT , CC-3(4) , MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

239/- Jul-13 /- Total :- 8,10,79,859 /- 4.1. The assessee was allotted 2,00,000 shares of M/s. Radford Global Ltd. on 12/02/2013 having a face value of Rs.10/- and a premium of Rs.5/- per share on preferential basis and consideration paid thereon was Rs 30,00,000/-. Subsequently, the shares having face value of Rs.10/- were split into

SHRI NITIN POPATLAL THAKKAR,MUMBAI vs. THE DY.CITI CENT. CIR -3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

239/- Jul-13 /- Total :- 8,10,79,859 /- 4.1. The assessee was allotted 2,00,000 shares of M/s. Radford Global Ltd. on 12/02/2013 having a face value of Rs.10/- and a premium of Rs.5/- per share on preferential basis and consideration paid thereon was Rs 30,00,000/-. Subsequently, the shares having face value of Rs.10/- were split into

DCIT-41(4)(1), MUMBAI vs. ABDULSATTAR SULEMAN GHASWALA, MUMBAI

In the result appeal of learned Assessing officer for A

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm Abdulsattar Suleman Dcit-41(4)(1) Ghaswala Room No. 425, 4Th Floor, Kautilya 142/48 Ghaswala Estate Bhavan, Bkc, Bandra(East) Vs. S V Road Jogeshwari(W) Mumbai-400051 Mumbai-400102 (Appellant) (Respondent) Pan No. Aalpg9088R Co No. 83/Mum/2023 (Arising In Ita No. 1658/Mum/2023 For A.Y. 2013-14) Abdulsattar Suleman Ghaswala Dcit-41(4)(1) Room No. 425, 4Th Floor, Kautilya 142/48 Ghaswala Estate S V Road Jogeshwari(W) Bhavan, Bkc, Bandra(East) Vs. Mumbai-400051 Mumbai-400102 (Cross Objector/ Appellant) (Respondent) Pan No. Aalpg9088R

gains arising from the transfer of a capital asset by a person to a firm or other association of persons or body of individuals (not being a company or a co-operative society) in which he is or becomes a partner or member, by way of capital contribution or otherwise, shall be chargeable to tax as his income

ASIA INVESTMENT CORPORATION (MAURITIUS ) LIMITED ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INT TAX)-1(1)(2), MUMBAI

In the result the appeals filed by the assessee for both the years under consideration stands partly allowed

Bench: Smt. Beena Pillai () & Ms. Padmavathy S ()

239 showing a loss of Rs. 1,22,59,390. Further, you have not been able to substantiate the rationale for making ITA No.2765 & 2766/Mum/2024 6 A.Y.2016-18 investments in the shares of companies that have no sound financial base and witness high irregularity in trading patterns. Moreover, it is also to be noted that Stampede Capital Ltd has been placed

ASIA INVESTMENT CORPORATION (MAURITIUS) LIMITED ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INT TAXATION)1(1)(2), MUMBAI

In the result the appeals filed by the assessee for both the years under consideration stands partly allowed

Bench: Smt. Beena Pillai () & Ms. Padmavathy S ()

239 showing a loss of Rs. 1,22,59,390. Further, you have not been able to substantiate the rationale for making ITA No.2765 & 2766/Mum/2024 6 A.Y.2016-18 investments in the shares of companies that have no sound financial base and witness high irregularity in trading patterns. Moreover, it is also to be noted that Stampede Capital Ltd has been placed

ABDUL NAYAB SHAIKH,MUMBAI vs. ITO WARD 23(1)(1), MATURMANDIR, MUMBAI

In the result, appeal of the assessee ITA No

Capital Gain as Sales of property was invested in purchase of new residential\nproperty as under:-\n[a] By Mr. Abdul Nayab Shaikh in Flat No.508-B\n[b] By MrsGulbano Abdul Nayab Shaikh in Flat No.508-A\nRs.48,12,600\nRs.51,27,600\n3]\nTherefore, both the joint owners are individually eligible to exemption U/s 54 of Income\nTax

NATWAR LAL DAGA,MUMBAI vs. CIT (A)-52, MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon’Ble

capital gains, introduction of bogus share capital and share premium, bogus short-term capital loss, bogus loans/ advances, ICDs etc to various beneficiaries against receipt of unaccounted cash from them, for a commission. (c) Mr Manish Arora is the main employee of Mr R.K.Kedia who keeps records of unaccounted transactions (d) Pre-search verifications and information and data available

NATWAR LAL GALA,MUMBAI vs. CIT (A)-52, MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon’Ble

capital gains, introduction of bogus share capital and share premium, bogus short-term capital loss, bogus loans/ advances, ICDs etc to various beneficiaries against receipt of unaccounted cash from them, for a commission. (c) Mr Manish Arora is the main employee of Mr R.K.Kedia who keeps records of unaccounted transactions (d) Pre-search verifications and information and data available

NATWAR LAL DAGA,MUMBAI vs. CIT (A)-52, MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon’Ble

capital gains, introduction of bogus share capital and share premium, bogus short-term capital loss, bogus loans/ advances, ICDs etc to various beneficiaries against receipt of unaccounted cash from them, for a commission. (c) Mr Manish Arora is the main employee of Mr R.K.Kedia who keeps records of unaccounted transactions (d) Pre-search verifications and information and data available

NATWAR LAL GALA,MUMBAI vs. CIT (A)-52, MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon’Ble

capital gains, introduction of bogus share capital and share premium, bogus short-term capital loss, bogus loans/ advances, ICDs etc to various beneficiaries against receipt of unaccounted cash from them, for a commission. (c) Mr Manish Arora is the main employee of Mr R.K.Kedia who keeps records of unaccounted transactions (d) Pre-search verifications and information and data available

GREAVES COTTON LTD,MUMBAI vs. ASST CIT CIR 7(1)(1), MUMBAI

In the result appeal for assessment year 2012 –

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal, Jm

section 144C (1) of the act was passed as a draft assessment order on 13/2/2015 determining the total income of the assessee at ₹ 2,053,740,239/–. 07. The assessee preferred an objection before The Learned Dispute Resolution Panel – 1, Mumbai (the learned DRP) ITA Nos. 1745/MUM/2016, 2069 & 7166/MUM/2017, 6560/MUM2018 Graves Cotton

GREAVES COTTON LTD,MUMBAI vs. ASST CIT CIR 7(1)(1), MUMBAI

In the result appeal for assessment year 2012 –

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal, Jm

section 144C (1) of the act was passed as a draft assessment order on 13/2/2015 determining the total income of the assessee at ₹ 2,053,740,239/–. 07. The assessee preferred an objection before The Learned Dispute Resolution Panel – 1, Mumbai (the learned DRP) ITA Nos. 1745/MUM/2016, 2069 & 7166/MUM/2017, 6560/MUM2018 Graves Cotton

GREAVES COTTON LTD,MUMBAI vs. ASST CIT 7(1)(1), MUMBAI

In the result appeal for assessment year 2012 –

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal, Jm

section 144C (1) of the act was passed as a draft assessment order on 13/2/2015 determining the total income of the assessee at ₹ 2,053,740,239/–. 07. The assessee preferred an objection before The Learned Dispute Resolution Panel – 1, Mumbai (the learned DRP) ITA Nos. 1745/MUM/2016, 2069 & 7166/MUM/2017, 6560/MUM2018 Graves Cotton

GREAVES COTTON LTD,MUMBAI vs. ASST CIT CIR 7(1)(1), MUMBAI

In the result appeal for assessment year 2012 –

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal, Jm

section 144C (1) of the act was passed as a draft assessment order on 13/2/2015 determining the total income of the assessee at ₹ 2,053,740,239/–. 07. The assessee preferred an objection before The Learned Dispute Resolution Panel – 1, Mumbai (the learned DRP) ITA Nos. 1745/MUM/2016, 2069 & 7166/MUM/2017, 6560/MUM2018 Graves Cotton