GAURAV RAJESH DESAI ,MUMBAI vs. ITO WARD -3(2), MUMBAI

Appeal of the assessee is allowed for statistical purposes

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

142A(1)) for arriving at the correct market value of the immovable property. On receipt of the DVO report, it was noticed that the DVO has assessed the market value of the land purchased by the appellant at Rs. 2,52,90,000/-against the actual purchase value of Rs. 10000000/-. In the light of the DVO report

ACADEMY FOR GLOBAL EDUCATION SERVICES PRIVATE LIMITED,MUMBAI vs. ITO, MUMBAI

In the result, the appeal filed by the Assessee stands allowed

Bench: Shri Narender Kumar Choudhry & Shri Omkareshwar Chidaraassessment Year: 2011-12

delay in filing the appeal as reasonable, bonafide and sufficient, the same is condoned. 3. Coming to the merits of the case, it appears from the assessment order that the Assessee is dealing in education services and as per information received in the Revenue Department the Assessee during the year under consideration had accumulated and incurred losses but still issued

PENINSULA LAND LTD ,MUMBAI vs. DY CIT CC 1 (3), MUMBAI

In the result, the appeal of the assessee as well as that of the revenue are dismissed

142A of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 01/03/2019 by the ld. Dy. Commissioner of Income Tax, Central Circle 1(3), Mumbai (hereinafter referred to as ld. AO). 2. At the outset, the ld. Counsel for the assessee submitted that assessee had already filed a declaration under ‘Vivad se Vishwas Scheme to settle the disputes