ARHAM ANMOL PROJECTS PRIVATE LIMITED,VILLAGE VALSHIND, BHIWANDI vs. CIRCLE 1 KALYAN, KALYAN, THANE
In the result, the legal grounds challenging the validity of the assessment are dismissed
ITA 5011/MUM/2025[2019-20]Status: DisposedITAT Mumbai26 Mar 2026AY 2019-20
Bench: Shri Amit Shukla & Shri Makarand Vasant Mahadeokararham Anmol Projects Dcit Circle 1, Private Limited 2Nd Floor, Rani H. No. 1113, Ground Vs. Mansion, Murbad Floor, Arham Logiparc, Road, Kalyan Nh-3, Nashik Highway, (West), Thane, Village Valshind, Maharashtra – 421 Bhiwandi, Maharashtra – 301 421 302. Pan/Gir No. Aagca9644P (Applicant) (Respondent) Assessee By Shri Subhash Bains, Ld. Ar Revenue By Shri Surendra Mohan, Ld. Dr Date Of Hearing 28.01.2026 Date Of Pronouncement 26.03.2026
Section 144Section 144BSection 147Section 148Section 194CSection 194ISection 234FSection 250
Capital Gain, taking the cost of acquisition at Nil.
(ii)
Contract Receipts – Rs. 7,68,674/-
The Assessing Officer noted contract receipts of Rs.
64,05,620/- on which tax was deducted at source under section 194C. As no explanation was furnished and it could not be verified whether the same was incorporated in the Profit and Loss account