ACIT 25(1), MUMBAI vs. AMBER ENTERPRISES, MUMBAI

In the result, the appeal filed by Revenue is dismissed

Bench: Shri R.C.Sharma, Am & Shri, Amarjit Singh Jm Acit 25(1) Vs. M/S. Amber Enterprises Mumbai – 400 051 7, Taren Compound Behind Krishna Hotel Dahisar (E) Mumbai – 400 068 Pan/Gir No. Aalfa3071G Appellant) .. Respondent)

depreciation would be allowed to be carried forward and set off in subsequent regular assessments, and could not be set off against the undisclosed income

AKSHAR DEVELOPERS,NAVI MUMBAI vs. ACIT CEN CIR 3, THANE

In the result, the appeals filed by the assesses in ITA No 6244

Bench: Shri Mahavir Singh() & Shri G Manjunatha ()

undisclosed income is to estimate reasonable net profit on total receipts pertaining to assessee’s business excluding loan transactions and cash withdrawals from bank. The assessee has arrived at a net receipt of Rs.27.59 crores which has been extracted at para 5.3 of AOs order. The assessee has pleaded for 10% net profit on total receipts. There is no uniform

PUSHPAK AUXICHEM P. LTD,THANE vs. ITO WD 1(3), KALYAN

The appeal of the assessee is partly allowed

Bench: Shri Joginder Singh & Shri Rajesh Kumarassessment Year: 2011-12 M/S Pushpak Auxichem Pvt. Income Tax Officer Ltd. Ward-1(3), बनाम/ 241/Business-2, Kasturi Mohan Plaza, 1St Floor, Vs. Plaza, 2Nd Floor, Manpada Wayle Nagar, Road, Dombivali (East), Khadak Pada, Thane-421201 Kalyan-421301 ("नधा"रती /Assessee) (राज"व /Revenue) Pan. No.Aabcp0099E

depreciation. 17. In the light of the aforesaid discussion, it is not possible to state that there is any legal infirmity in the impugned order made by the Tribunal so as to warrant interference. In the absence of any question of law, much less, a substantial question of law, the appeal is dismissed.” 5.4. The Hon'ble jurisdictional High Court

DCIT CIR.7(3)(1), MUMBAI vs. PJL CLOTHING INDIA LTD., MUMBAI

The appeal of the Revenue is allowed for statistical purposes

Bench: Shri Joginder Singh & Shri G. Manjunathaassessment Year: 2010 - 2011 Dcit Circle 7(3)(1) Pjl Clothing India Ltd., Mumbai बनाम/ Unit No.19, Shree Madhu Estate, Pandurang Budhakar Vs. Marg, Worli, Mumbai 400 018 (याजस्व /Revenue) (यनधाारयती /Assessee) P.A. No. Aaacp2782R

depreciation. 17. In the light of the aforesaid discussion, it is not possible to state that there is any legal infirmity in the impugned order made by the Tribunal so as to warrant interference. In the absence of any question of law, much less, a substantial question of law, the appeal is dismissed.” 3.6. The Hon'ble jurisdictional High Court

GOVIND AGARWAL. HUF,MUMBAI vs. ACIT CEN CIR 32, MUMBAI

In the result, the appeals of the assessee’s are allowed in part, in terms indicated hereinabove, whereas the Revenue’s appeals are dismissed

Bench: Shri R.C.Sharma, Am & Shri Sanjay Garg, Jm आयकर अपील सं./Ita No.4531,4566,876,877,878/Mum/2011 ("नधा"रण वष" / Assessment Years :2006-07, 2007-08, 2002-03, 2003-04 & 2005-06) Acit, Cc-32, Mumbai Vs. Manidevi Agarwal, 720, A- 1, Lok Bharti Chs Ltd., Marol Maroshi Road, Marol, Andheri(E), Mumbai- 400059 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aakpa 4962 H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & आयकर अपील सं./Ita No.4528/Mum/2011 ("नधा"रण वष" / Assessment Years : 2007-08) Acit, Cc-32, Mumbai Vs. Shri Govind Agarwal, 701, A-1, Lok Bharti Chs Ltd., Marol Maroshi Road, Marol, Andheri(E), Mumbai- 400059 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Adopa 4038 K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & आयकर अपील सं./Ita No.873,874/Mum/2011 ("नधा"रण वष" / Assessment Years : 2003-04 & 2004-05) Acit, Cc-32, Mumbai Vs. Shri Govind Agarwal(Huf), 720/A-5, Lok Bharti Chs Ltd., Marol Maroshi Road, Marol, Andheri(E), Mumbai- 400059 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aiepa 3109 A .. (अपीलाथ" /Appellant) (""यथ" / Respondent) 876,828,4566,4547,218/11 &957/13&Co203.13

income but there is a cap on the scope of additions in such assessment, being the items of income 'unearthed during the search'. In other words, the determination of 'total income' in respect of the assessment years for which the assessments are already completed on the date of search, shall not be influenced by the items of income other than

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

undisclosed income if any, unearthed during the search'. The expression 'unearthed during the search' is quite significant to denote that in respect of completed or non-pending assessments, the Assessing Officer is albeit duty bound to income 'unearthed during the search'. In other words, the determination of 'total income' in respect of the assessment years for which the assessments

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

undisclosed income if any, unearthed during the search'. The expression 'unearthed during the search' is quite significant to denote that in respect of completed or non-pending assessments, the Assessing Officer is albeit duty bound to income 'unearthed during the search'. In other words, the determination of 'total income' in respect of the assessment years for which the assessments

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

undisclosed income if any, unearthed during the search'. The expression 'unearthed during the search' is quite significant to denote that in respect of completed or non-pending assessments, the Assessing Officer is albeit duty bound to income 'unearthed during the search'. In other words, the determination of 'total income' in respect of the assessment years for which the assessments

RONAK GEMS PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(4), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Mahavir Singh, Vp & Shri S. Rifaur Rahman, Am आमकय अऩीर िं./ Ita No. 258/Mum/2018 (ननधाायण वर्ा / Assessment Year 2009-10) M/S Ronak Gems Pvt. Ltd. The Dy. Commissioner Of 311, Mehta Bhavan, Shop No.5, Income Tax, Central Circle- Ground Floor Opera House, 2(4), Mumbai, 802, Old फनाभ/ Hinduja College Lane, Mumbai- Cgo Annex Building, M.K. 400 004 Road, Churchgate, Vs. Mumbai-400 020 (अऩीराथी / Appellant) (प्रत्मथी/ Respondent) स्थामी रेखा िं./Pan No. Aabcr7550G अऩीराथी की ओय े/ Appellant By : Shri Dharmesh Shah, Ar प्रत्मथी की ओय े/ Respondent By : Smt. Leena Srivastava, Cit Dr ुनवाई की तायीख / Date Of Hearing: 15.07.2021 घोर्णा की तायीख / Date Of Pronouncement: 30.09.2021

Depreciation under section 32(1) (-) 5,24,801 b. Deferred Tax Asset (-)1,46,012 6,70,813 (-)6,90,88,453 II Income From Various Sources Income offered to taxation in response to Action Under section 132(1) to cover up any and every discrepancy in Business and Acc. Records 2,25,00,000 Gross Total Income

SHRI DINESHKUMAR C. DOSHI,MUMBAI vs. INCOME TAX OFFICER 19(1)(4), MUMBAI

The appeals of the assessee are dismissed

Bench: Shri Joginder Singh

depreciation. 17. In the light of the aforesaid discussion, it is not possible to state that there is any legal infirmity in the impugned order made by the Tribunal so as to warrant interference. In the absence of any question of law, much less, a substantial question of law, the appeal is dismissed.” Dinesh S. Jain

ACIT CC 24 & 26 CEN RG 5, MUMBAI vs. SAMIR NARAIN BHOJWANI, MUMBAI

In the result, the appeal of the Revenue and the Cross Objection of the assessee, both are dismissed

Bench: Sri Mahavir Singh, Jm & Sri Ashwani Taneja, Am Dy. Commissioner Of Income Tax, Shri Samir Narain Bhojani 1St Floor, Samir Complex, Cc-3(4), Central Range-3, Mumbai Vs. St.Andrews Road, Opp. Holy Family Hospital, Bandra(W), Mumbai-400050 .. Appellant Respondent Co No.189/Mum/2015 (In Ita No.3814/Mum/2014 A.Y. 2006-07) Shri Samir Narain Bhojani Dy. Commissioner Of Income 1St Floor, Samir Complex, Tax, Cc-3(4), Central Range-3, St.Andrews Road, Opp. Holy Family Mumbai Vs. Hospital, Bandra(W), Mumbai- 400050 Pan No.Aabpb9150H Appellant .. Respondent

undisclosed income can be re-assessed as it is total income that has to be assessed.”. 2 CO. 189/Mum/2015 3. On the facts and in the circumstances of the case, the Ld. CIT(A) has incorrectly relied upon the fact that Delhi H.C. in the case of CIT Vs. Anil K. Bhatia has left the question open without looking into

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT, CENTRAL CIRCLE 1(2), MUMBAI

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

undisclosed income referred to in section 271AAB.\n10.2 The Ld. Counsel for the assessee referred to the clause (a) of\nsub-section 6 and submitted that assessee has duly offered\nexplanation in respect of interest and excess depreciation

AJANTA PHARMA LTD,MUMBAI vs. DCIT CEN CIR 7(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am

undisclosed income admitted u/s.132(4) of the Act and disclosed in the return of income under following heads are upheld: - Sr. No. Particulars Declared under section 132(4) a. Expenses incurred on Education/ 40,40,000 Training b. Reduction in Depreciation

ACIT CEN CIR 13, MUMBAI vs. ASIAN STAR DIAMONDS ITERNATIONAL P.LTD, MUMBAI

In the result, both appeals of the revenue are dismissed

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.4411/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S ‘A’ Star Exports, No.1103, 11Th Floor Old Cgo 114/116, Mittal Court, C- Wing, 11Th Floor, Nariman Building (Annex.) M.K.Road, Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aabfv 4508 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. & आमकय अऩीर सं./Ita No.4412/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S Asian Star Diamonds No.1103, 11Th Floor Old Cgo International Pvt. Ltd., Building (Annex.) M.K.Road, 114, Mittal Court, C- Wing, 11Th Floor, Nariman Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aaacp 4726 H (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

Depreciation as per chart 315127 3210878 u/s.32 65918392 Income from other sources Fixed deposit interest 2895751 Gross Total Income 68814143 Total income (rounded off 68814140 u/s.288A) 4.3. The AO observed that though the appellant had declared undisclosed

ACIT CEN CIR 13, MUMBAI vs. 'A' STAR EXPORTS, MUMBAI

In the result, both appeals of the revenue are dismissed

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.4411/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S ‘A’ Star Exports, No.1103, 11Th Floor Old Cgo 114/116, Mittal Court, C- Wing, 11Th Floor, Nariman Building (Annex.) M.K.Road, Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aabfv 4508 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. & आमकय अऩीर सं./Ita No.4412/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S Asian Star Diamonds No.1103, 11Th Floor Old Cgo International Pvt. Ltd., Building (Annex.) M.K.Road, 114, Mittal Court, C- Wing, 11Th Floor, Nariman Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aaacp 4726 H (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

Depreciation as per chart 315127 3210878 u/s.32 65918392 Income from other sources Fixed deposit interest 2895751 Gross Total Income 68814143 Total income (rounded off 68814140 u/s.288A) 4.3. The AO observed that though the appellant had declared undisclosed

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT, CENTRAL CIRCLE 1(2), MUMBAI

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

undisclosed income referred to in section 271AAB.\n10.2 The Ld. Counsel for the assessee referred to the clause (a) of\nsub-section 6 and submitted that assessee has duly offered\nexplanation in respect of interest and excess depreciation

PRIYANKA CHOPRA,MUMBAI vs. DCIT CEN CIR 3, MUMBAI

In the result, this appeal by the Revenue stands allowed for statistical purpose

Bench: Shri Shamim Yahya, Am & Shri Sandeep Gosain, Jm आयकर अपील सं./I.T.A. No. 4601/Mum/2015 ("नधा"रण वष" / Assessment Year: 2011-12) Ms. Priyanka Chopra Dy. Cit, Central Circle – 3, बनाम/ 705, 706 & 806, Raj Classic, B-Wing, Mumbai Vs. Versova, Mumbai-400 061 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Acxpc 1741 R (Assessee) (Revenue) : & आयकर अपील सं./I.T.A. No. 4565/Mum/2015 ("नधा"रण वष" / Assessment Year: 2011-12) Dy. Cit, Central Circle – 3, Ms. Priyanka Chopra बनाम/ Mumbai 705, 706 & 806, Raj Classic, Vs. B-Wing, Versova, Mumbai-400 061 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Acxpc 1741 R (Revenue) : (Assessee) आयकर अपील सं./I.T.A. No. 4569/Mum/2015 ("नधा"रण वष" / Assessment Year: 2011-12) Dy. Cit, Central Circle – 3, Mrs. Madhu Ashok Chopra बनाम/ Room No. 905, Old Cgo Building 705, 706 & 806, Raj Classic, Annex, M. K. Road, B-Wing, Versova, Mumbai-400 061 Vs. Mumbai-400 020 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Acepc 5502 F (Revenue) : (Assessee) : Shri Naresh Kumar Assessee By : Shri B. Srinivas Revenue By सुनवाई क" तार"ख / : 15.03.2018 Date Of Hearing घोषणा क" तार"ख / : 01.06.2018 Date Of Pronouncement आदेश / O R D E R Per Shamim Yahya, A. M.: These Are Appeals Relating To Two Different Assessee’S. Since The Issues Are Common & Connected & The Appeals Were Heard Together These Are Being Consolidated

undisclosed Income of Rs.4,80,000/- is unreasonable and unlawful. Without prejudice, we would like to state that appellant follows Cash system of accounting and therefore, such receipts can be taxed only on the basis of evidence of receipt of such cash. It is further submitted that no evidence regarding receipt of cash has been found by search party

VRUSHALI SANJAY SHINDE,MUMBAI vs. DCIT, CC- 1, THANE

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blevrushali Sanjay Shinde V. Dcit, Central Circle-1 282, Boundary Road B-101, Marigold, Prestige Residency G.B. Road, Kavesar, Thane- 400607 Civil Line, Meerut - 250001 Pan: Ajnps5211K (Appellant) (Respondent) Assessee Represented By : Shri Sankalp Malik Department Represented By : Shri Shanti Subramanian

Income alleged to be from 9,50,000 21 Y 12.1-12.6 Undisclosed Sources 5 Depreciation Disallowed 67,500 22 N 13.1 - 13.4 6 Alleged

JCIT CENT. CIR. - 1(4), MUMBAI vs. GRASIM INDUSTRIES LTD, MUMBAI

The appeal of the Revenue is dismissed whereas appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2010-11 Grasim Industries Limited, The Dcit Cc-1(4), Corporate Finance Division, Room No. 902, 9Th Floor, Old Vs. A-2, Aditya Birla Centre, S.K. Cgo Building, M.K. Road, Ahire Marg, Worli, Mumbai-400020. Mumbai-400030. Pan No. Aaacg 4464 B Appellant Respondent Assessment Year: 2010-11 Jcit (Osd), Central Circle- Grasim Industries Limited, 1(4), A-Wing, 2Nd Floor, Aditya Room No. 902, Pratishtha Vs. Birla Centre, S.K. Ahire Bhavan, 9Th Floor, Old Cgo Marg, Worli, Building Annexe, Mumbai-400030. Mumbai-400020. Pan No. Aaacg 4464 B Appellant Respondent Assessee By : Mr. Yogesh Thar & Mr. Chaitanya Joshi Revenue By : Dr. Kishor Dhule, Cit-Dr Date Of Hearing : 03/04/2024 : Date Of Pronouncement 29/04/2024

undisclosed income on the basis of incriminating material. If the view of the A.O. is accepted then the same will not only material. If the view of the A.O. is accepted then the same will not only material. If the view of the A.O. is accepted then the same will not only multiply assessment proceedings, but will also multiply