SHRI. HITENDRA C GHADIA,MUMBAI vs. DCIT CC 1 (1), MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-2012 & Assessment Year: 2013-2014 & Assessment Year: 2014-2015

capital gain and other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of the Income-tax Act, 1961 (in tax Act, 1961 (in short ‘the Act’), was carried

SHRI. HITENDRA C GHADIA,MUMBAI vs. DCIT CC 1 (1), MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-2012 & Assessment Year: 2013-2014 & Assessment Year: 2014-2015

capital gain and other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of the Income-tax Act, 1961 (in tax Act, 1961 (in short ‘the Act’), was carried

SHRI HITENDRA C. GHADIA ,MUMBAI vs. DY CIT -CC-1(1), MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-2012 & Assessment Year: 2013-2014 & Assessment Year: 2014-2015

capital gain and other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of the Income-tax Act, 1961 (in tax Act, 1961 (in short ‘the Act’), was carried

MRS.TARULATA SHAH,MUMBAI vs. JOINT COMMISSIONER OF INCOME TAX (TDS) RANGE-2(2), MUMBAI

In the result, the appeals are partly allowed

Bench: Shri Pawan Singh () & Shri N.K. Pradhan () Assessment Year: 2008-09 & Assessment Year: 2009-10 Mrs. Sonal Shah Joint Commissioner Of 17/18, Swastik Bldg. 4Th Vs. Income Tax (Tds) Floor, N.S. Road, No. 1. Range-3, Mumbai. Jvpd Scheme, Vile Parle (W), Mumbai-400056. Pan No. Aqops1855M Appellant Respondent Assessment Year: 2008-09 & Assessment Year: 2009-10 Mrs. Tarulata Shah Joint Commissioner Of 21/22, Swastik Bldg. Vs. Income Tax (Tds) 5Thfloor, N.S. Road, No. 1. Range-3, Mumbai. Jvpd Scheme, Vile Parle (W), Mumbai-400056. Pan No. Aadps0777K Appellant Respondent Assessee By : Mr. Raveevwaglay, Ar Revenue By : Mr. Chaudhary Arunkumar Singh, Dr Date Of Hearing : 29/11/2018 Date Of Pronouncement: 25/02/2019

capital bonds to the extent allowed and had paid the tax on the balance amount. As such, there was no revenue loss and hence penalty u/s 271C was un-called for having regard to section 273B of the Act. It is stated that the relevant documents of the sellers showing amount paid to them having been offered by them under

MRS. SONAL SHAH,MUMBAI vs. JOINT COMMISSIONER OF INCOME TAX (TDS) RANGE-3, MUMBAI

In the result, the appeals are partly allowed

Bench: Shri Pawan Singh () & Shri N.K. Pradhan () Assessment Year: 2008-09 & Assessment Year: 2009-10 Mrs. Sonal Shah Joint Commissioner Of 17/18, Swastik Bldg. 4Th Vs. Income Tax (Tds) Floor, N.S. Road, No. 1. Range-3, Mumbai. Jvpd Scheme, Vile Parle (W), Mumbai-400056. Pan No. Aqops1855M Appellant Respondent Assessment Year: 2008-09 & Assessment Year: 2009-10 Mrs. Tarulata Shah Joint Commissioner Of 21/22, Swastik Bldg. Vs. Income Tax (Tds) 5Thfloor, N.S. Road, No. 1. Range-3, Mumbai. Jvpd Scheme, Vile Parle (W), Mumbai-400056. Pan No. Aadps0777K Appellant Respondent Assessee By : Mr. Raveevwaglay, Ar Revenue By : Mr. Chaudhary Arunkumar Singh, Dr Date Of Hearing : 29/11/2018 Date Of Pronouncement: 25/02/2019

capital bonds to the extent allowed and had paid the tax on the balance amount. As such, there was no revenue loss and hence penalty u/s 271C was un-called for having regard to section 273B of the Act. It is stated that the relevant documents of the sellers showing amount paid to them having been offered by them under

SLEEK INTERNATIONAL,MUMBAI vs. ASST CIT 32(3), MUMBAI

The appeal stands allowed in terms of our above order

Bench: Hon’Ble Shri C.N. Prasad, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am

capital gain due to slump sale amounting to Rs.56,66,00,226/- as Form No. 3CEA as required u/s 50B have not been furnished the same deserves to be deleted as the appellant have furnished Form no. 3CEA as required u/s 50B during the Proceedings for computing Net worth. 2.2 The original assessment for year under consideration was framed

SHAKUNTALA KAMBLE (LEGAL REPRESENTATIVE OF PREMCHAND KAMBLE),THANE vs. DCIT -CENT. CIR `, THANE

gains of business shall be computed in accordance with the provisions contained in sections 30 to 43D. Section 40 provides for certain disallowances in certain cases notwithstanding that those amounts are allowed generally under other sections. The computation under ITA Nos. 1764-1767 & 1911-1912/Mum/2021 & ITA No. 1394-1396/Mum/2020