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441 results for “depreciation”+ Unexplained Cash Creditclear

Sorted by relevance

Mumbai441Delhi316Chennai109Bangalore91Jaipur90Ahmedabad87Kolkata80Hyderabad50Pune29Chandigarh29Indore26Raipur25Cochin22Lucknow21Visakhapatnam18Guwahati17Rajkot16Amritsar15Surat15Nagpur13Agra7Allahabad7Jodhpur7Varanasi6Cuttack6Ranchi5SC4Patna4Panaji3Karnataka3Jabalpur1Telangana1Kerala1ASHOK BHAN DALVEER BHANDARI1

Key Topics

Section 143(3)83Addition to Income74Section 6851Disallowance49Section 14830Section 14730Depreciation29Section 14A24Section 271(1)(c)23Unexplained Cash Credit

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY. CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

ITA 4387/MUM/2018[2014-15]Status: DisposedITAT Mumbai31 May 2023AY 2014-15

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Showing 1–20 of 441 · Page 1 of 23

...
22
Section 14420
Section 153A19
ITA 4382/MUM/2018[2009-10]Status: DisposedITAT Mumbai31 May 2023AY 2009-10

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

ITA 4381/MUM/2018[2008-09]Status: DisposedITAT Mumbai31 May 2023AY 2008-09

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

ITA 4383/MUM/2018[2010-11]Status: DisposedITAT Mumbai31 May 2023AY 2010-11

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

ITA 4384/MUM/2018[2011-12]Status: DisposedITAT Mumbai31 May 2023AY 2011-12

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

ITA 4386/MUM/2018[2013-14]Status: DisposedITAT Mumbai31 May 2023AY 2013-14

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

ITA 4385/MUM/2018[2012-13]Status: DisposedITAT Mumbai31 May 2023AY 2012-13

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

For Appellant: Mr. Nilesh JoshiFor Respondent: Mr. Neehar Ranjan Pandey, CIT-DR
Section 132(1)Section 153A

credit commission for circular fund movement commission for circular fund movement etc. have been made. have been made. During the assessments in some years, assessments in some years, the assessee agreed that the assessee agreed that circular fund movement to the com circular fund movement to the company ‘DDLL’ has been made has been made through assessee, for which

M/S.VIBGYOR TEXOTECH PRIVATE LIMITED,MUMBAI vs. ACIT-8(3)(2), MUMBAI

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

ITA 1514/MUM/2018[2008-09]Status: DisposedITAT Mumbai27 Sept 2023AY 2008-09

Bench: Shri S. Rifaur Rahman, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Shri Vranda U. Matkari
Section 10ASection 143(3)Section 144Section 147Section 148Section 250Section 264ASection 40

cash credits of current year is not taken at the earlier stage and no materials are placed on record to substantiate the same, rejection of such plea would be justified. [R. Dalmia (Decd.) vs. CIT; (2002) 172 CTR 180 (Del) : (2002) 255 ITR 401 (Del)]. " 7. Further, regarding estimation of income, as we have directed the assessee to produce

M/S.VIBGYOR TEXOTECH PRIVATE LIMITED,MUMBAI vs. ACIT-8(3)(2), MUMBAI

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

ITA 489/MUM/2019[2011-12]Status: DisposedITAT Mumbai27 Sept 2023AY 2011-12

Bench: Shri S. Rifaur Rahman, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: NoneFor Respondent: Shri Vranda U. Matkari
Section 10ASection 143(3)Section 144Section 147Section 148Section 250Section 264ASection 40

cash credits of current year is not taken at the earlier stage and no materials are placed on record to substantiate the same, rejection of such plea would be justified. [R. Dalmia (Decd.) vs. CIT; (2002) 172 CTR 180 (Del) : (2002) 255 ITR 401 (Del)]. " 7. Further, regarding estimation of income, as we have directed the assessee to produce

LATE SUNIL D GULATI,MUMBAI vs. COMMISSIONER OF INCOME TAX -CENTRAL CIRCLE-39 , MUMBAI

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

ITA 2092/MUM/2022[2009-10]Status: DisposedITAT Mumbai02 Feb 2023AY 2009-10

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2008-09 & Assessment Year: 2009-10 Late Sunil D Gulati, Cit-Central Circle 39, 603, Elco Residency, Almeda Room No. 1924, 19Th Floor, Vs. Park Behind Elco Market, Air India Building, Nariman Bandra (West), Point, Churchgate, Mumbai-400050. Mumbai-400020. Pan No. Aehpg 8703 R Appellant Respondent

For Respondent: Assessee by Mr. Hitesh Shah, AR
Section 143(3)Section 68

Cash expenditure). (Cash expenditure). viii. The AO observed that page no.2 of Annexure A viii. The AO observed that page no.2 of Annexure A viii. The AO observed that page no.2 of Annexure A-2 impounded from Kaveri Bldg, it is seen thatthe assessee has impounded from Kaveri Bldg, it is seen thatthe assessee has impounded from Kaveri Bldg

LATE SUNIL D GULATI,MUMBAI vs. COMMISSIONER OF INCOME TAX -CENTRAL CIRCLE-39, MUMBAI

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

ITA 2091/MUM/2022[2008-09]Status: DisposedITAT Mumbai02 Feb 2023AY 2008-09

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2008-09 & Assessment Year: 2009-10 Late Sunil D Gulati, Cit-Central Circle 39, 603, Elco Residency, Almeda Room No. 1924, 19Th Floor, Vs. Park Behind Elco Market, Air India Building, Nariman Bandra (West), Point, Churchgate, Mumbai-400050. Mumbai-400020. Pan No. Aehpg 8703 R Appellant Respondent

For Respondent: Assessee by Mr. Hitesh Shah, AR
Section 143(3)Section 68

Cash expenditure). (Cash expenditure). viii. The AO observed that page no.2 of Annexure A viii. The AO observed that page no.2 of Annexure A viii. The AO observed that page no.2 of Annexure A-2 impounded from Kaveri Bldg, it is seen thatthe assessee has impounded from Kaveri Bldg, it is seen thatthe assessee has impounded from Kaveri Bldg

INCOME TAX OFFICER 8(3)(3), MUMBAI vs. M/S.VIBGYOR TEXOTECH PRIVATE LIMITED, MUMBAI

In the result, the appeal of the assessee is partly allowed, whereas appeal of the Revenue is allowed

ITA 1484/MUM/2018[2009-10]Status: DisposedITAT Mumbai29 Apr 2022AY 2009-10

Bench: Shri Amarjit Singh () & Shri Om Prakash Kant () Assessment Year: 2009-10 Income Tax Officer-8(3)(3), M/S Vibgyor Texotech Pvt. Ltd., Room No. 616, 6Th Floor, Aayakar 309, Navyug, T.J. Road, Sewree, Bhavan, M.K. Road, Vs. Mumbai-400015. Mumbai-400020. Pan No. Aaccv 0752 D Appellant Respondent Assessment Year: 2009-10 M/S Vibgyor Texotech Pvt. Ltd., The Asst. Commissioner Of 309, Navyug, T.J. Road, Sewree, Income Tax-8(3)(2), Mumbai-400015. Vs. Mumbai. Pan No. Aaccv 0752 D Appellant Respondent

For Appellant: Mr. Pavan Ved, ARFor Respondent: Mr. Achal Sharma, CIT-DR/
Section 10ASection 143(2)Section 143(3)Section 144Section 148Section 264ASection 40

cash credit in terms of section 68 of the Act amounting to Rs.1,46,24,270/- and difference in valuation of fixed asset of Rs.2,50,19,760/- being written off were also made. The Assessing Officer made addition of Rs.80,45,300/- against accommodation entry received i.e. basis on the which assessment was reopened. In this manner, the Assessing

M/S.VIBGYOR TEXOTECH PRIVATE LIMITED,MUMBAI vs. ACIT-8(3)(2), MUMBAI

In the result, the appeal of the assessee is partly allowed, whereas appeal of the Revenue is allowed

ITA 487/MUM/2019[2009-10]Status: DisposedITAT Mumbai28 Apr 2022AY 2009-10

Bench: Shri Amarjit Singh () & Shri Om Prakash Kant () Assessment Year: 2009-10 Income Tax Officer-8(3)(3), M/S Vibgyor Texotech Pvt. Ltd., Room No. 616, 6Th Floor, Aayakar 309, Navyug, T.J. Road, Sewree, Bhavan, M.K. Road, Vs. Mumbai-400015. Mumbai-400020. Pan No. Aaccv 0752 D Appellant Respondent Assessment Year: 2009-10 M/S Vibgyor Texotech Pvt. Ltd., The Asst. Commissioner Of 309, Navyug, T.J. Road, Sewree, Income Tax-8(3)(2), Mumbai-400015. Vs. Mumbai. Pan No. Aaccv 0752 D Appellant Respondent

For Appellant: Mr. Pavan Ved, ARFor Respondent: Mr. Achal Sharma, CIT-DR/
Section 10ASection 143(2)Section 143(3)Section 144Section 148Section 264ASection 40

cash credit in terms of section 68 of the Act amounting to Rs.1,46,24,270/- and difference in valuation of fixed asset of Rs.2,50,19,760/- being written off were also made. The Assessing Officer made addition of Rs.80,45,300/- against accommodation entry received i.e. basis on the which assessment was reopened. In this manner, the Assessing

INTELENET GLOBAL SERVICES PRIVATE LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 12(2), MUMBAI

The appeal of the assessee is partly allowed in terms of our aforesaid observations

ITA 5844/MUM/2018[2009-10]Status: DisposedITAT Mumbai24 May 2021AY 2009-10

Bench: Shri M. Balaganesh () & Shri Ravish Sood () M/S Intelenet Global Services Pvt. Acit – 12(2), 145, Aaykar Ltd; Intelenet Towers, Plot Cst No. Vs. Bhawan, Maharshi Karve Marg, 1406-A/28, Mindspace, Malad (W), Mumbai – 400 020 Mumbai – 400 090. Pan No. Aaaci7387P (Assessee) (Revenue) Assessee By : Shri S.K Tyagi, A.R Revenue By : Shri V. Sreekar, Cit D.R Date Of Hearing : 24/02/2021 Date Of Pronouncement : 24/05/2021

For Appellant: Shri S.K Tyagi, A.RFor Respondent: Shri V. Sreekar, CIT D.R
Section 10ASection 115JSection 143(1)Section 143(3)Section 154Section 68

unexplained cash credit u/s 68 of the Act. Vide his order passed under Sec. 143(3) r.w.s 147, dated 23.03.2015 the A.O added the share premium of Rs. 32,21,48,679/- to the assessee‟s „book profit‟ u/s 115JB of Rs. 90,99,78,259/- (as was determined in the assessment framed Intelenet Global Services

ASAD NAEEMUDDIN MOULVI,MUMBAI vs. ITO (WD)- 17(1)(2), MUMBAI

In the result, the appeal of the assessee is partly allowed for In the result, the appeal of the assessee is partly allowed for In the result, the appeal of the assessee is partly allowed for stati...

ITA 3113/MUM/2018[2013-14]Status: DisposedITAT Mumbai19 Sept 2022AY 2013-14

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2013-14 Mr. Asad Naeemuddin Moulvi, Income Tax Officer, Ward 17(1)(2), Room No. 8/9/10, 3Rd Floor, Faiz- 4Th Floor, Earnest House, E-Akhtar, 27, Memonwada Road, Vs. Nariman Point, Bhendi Bazar, Mumbai-400021. Mumbai-400 003. Pan No. Afcpm 8595 F Appellant Respondent Assessee By : Mr. M.N. Ladiwala, Ar Revenue By : Mr. Manoj Sinha, Dr Date Of Hearing : 03/08/2022 Date Of Pronouncement : 19/09/2022

For Appellant: Mr. M.N. Ladiwala, ARFor Respondent: Mr. Manoj Sinha, DR
Section 143(3)Section 68

unexplained cash credit under section 68 of the Act. 4.1 As per the provisions of the As per the provisions of the Income-tax Act, the banks are , the banks are required to file information in respect of cash deposits more than required to file information in respect of cash deposits more than required to file information in respect

M/S.SUPRAS METALS LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 3(3)(2), MUMBAI

Accordingly, grounds raised by the assessee are dismissed

ITA 1395/MUM/2018[2013-14]Status: DisposedITAT Mumbai10 Dec 2019AY 2013-14

Bench: Shri S. Rifaur Rahman, Am & Shri Ram Lal Negi, Jm आयकरअपीलसं./ I.T.A. No. 1395/Mum/2018 (निर्धारणवर्ा / Assessment Year: 2013-14)

For Respondent: Shri Sushil Kumar Poddar
Section 143(3)Section 263Section 68

unexplained cash credit u/s 68 of Income Tax Act, 1961 without understanding the facts & circumstances of the case & the reasons assigned for doing so are wrong & contrary to the provisions of the Income tax Act & the rules made there under. 4) The appellant craves leave to add, alter, amend and/ or modify all or any of the above ground

SHRI. KUSHAL VIRENDRA TANDON,MUMBAI vs. ACIT 16 (1), MUMBAI

The appeal of the assessee is allowed in terms of our observations recorded hereinabove

ITA 7572/MUM/2019[2014-15]Status: DisposedITAT Mumbai03 Sept 2021AY 2014-15

Bench: Shri S. Rifaur Rahman () & Shri Ravish Sood () Shri Kushal Virendra Tandon Acit -16(1) 802, Rustomjee Enclave, Vs. Room No. 439, 4Th Floor, Upper Juhu, Behind Dn Nagar Aayakar Bhavan, M.K. Road, Police Station, Andheri West, Churchgate, Mumbai – 400 058 Mumbai – 400 020 Pan No. Adxpt7623G (Assessee) (Revenue) Assessee By : Shri Vimal Punmiya, A.R Revenue By : Shri Gurbinder Singh, D.R

For Appellant: Shri Vimal Punmiya, A.RFor Respondent: Shri Gurbinder Singh, D.R
Section 143(1)Section 143(2)Section 143(3)Section 234ASection 271(1)(c)Section 35(1)(ii)Section 37(1)Section 68

unexplained cash credit u/s 68 of the Act. On the basis of his aforesaid deliberations, the A.O vide his order passed u/s 143(3), dated 27.12.2016 assessed the income of the assessee at Rs.1,10,50,730/-. 4. Aggrieved, the assessee carried the matter in appeal before the CIT(A). However, as the contentions advanced by the assessee

DCIT-13(2)(2), MUMBAI vs. M/S.SHUBHAM MOTIWALA & JEWELLERS PRIVATE LIMITED, MUMBAI

The appeal of the revenue is dismissed

ITA 468/MUM/2019[2010-11]Status: DisposedITAT Mumbai30 Jul 2021AY 2010-11

Bench: Shri Rajesh Kumar () & Shri Ravish Sood () Dy. Commissioner Of Income M/S Shubham Motiwala & Tax -13(2)(2), Vs. Jewellers Pvt. Ltd. Room No. 146, 1St Floor, Shop No. 5, Unity Heights, Aayakar Bhavan, M.K Road, Chincholi Jn,S.V. Road, Mumbai – 400020 Malad, Mumbai – 400064

For Appellant: Shri Mani Jain, A.RFor Respondent: Shri T.S. Khalsa, D.R
Section 143(1)Section 143(3)Section 147Section 148Section 68

unexplained cash credit u/s 68 of the I.T. Act on account of share capital & share premium, without appreciating the fad that the onus was on the assesses not only to furnish the details of the parties but also to prove the creditworthiness of the parties and the genuineness of the transactions. 3. The appellant prays that the order

KRISHNA FASHION WORLD,CHEMBUR, MUMBAI vs. ITO, MUMBAI

In the result, all the four appeals are hereby dismissed

ITA 3273/MUM/2024[2010-11]Status: DisposedITAT Mumbai22 Jul 2025AY 2010-11

Bench: Shri Anikesh Banerjee & Smt. Renu Jauhriआयकर अपील सुं./Ita No. 3270 To 3273/Mum/2024 (नििाारण वर्ा / Assessment Year: 2010-11 To 2013-14) M/S. Krishna Fashion V/S. Income Tax Officer World बिाम Income Tax Officer, Ward 803/804, T-6, Godrej 22(2)(1), Room No. 312, Prime Colony, Sahakar Piramal Chambers, Lalbaug Nagar No.2, Shell Colony, 400012 Chembur, Mumbai 400071 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aajfk2799R Appellant/अपीलार्थी .. Respondent/प्रनिवादी निर्ााररती की ओर से /Assessee By: None राजस्व की ओर से /Revenue By: Shri Ritesh Misra, Cit Dr A/W Shri Hemanshu Joshi, Sr Dr स िवाई की िारीख / Date Of Hearing 10.07.2025 घोर्णा की िारीख/Date Of Pronouncement 22.07.2025

For Appellant: NoneFor Respondent: Shri Ritesh Misra, CIT DR a/w
Section 143(2)Section 148Section 151Section 250

Unexplained Cash Credit U/S 68 (a) In the facts and circumstancesof the case. National FacelessAppeal Centre (NFAC) erred in confirming additions made by AO in treating unsecured loans taken during the impugned assessment year even though Appellant duly placed on record the details such as Confirmation of loan party with PAN and address,balance sheets, return of income together with

KRISHNA FASHION WORLD,CHEMBUR, MUMBAI vs. ITO, MUMBAI

In the result, all the four appeals are hereby dismissed

ITA 3272/MUM/2024[2011-12]Status: DisposedITAT Mumbai22 Jul 2025AY 2011-12

Bench: Shri Anikesh Banerjee & Smt. Renu Jauhriआयकर अपील सुं./Ita No. 3270 To 3273/Mum/2024 (नििाारण वर्ा / Assessment Year: 2010-11 To 2013-14) M/S. Krishna Fashion V/S. Income Tax Officer World बिाम Income Tax Officer, Ward 803/804, T-6, Godrej 22(2)(1), Room No. 312, Prime Colony, Sahakar Piramal Chambers, Lalbaug Nagar No.2, Shell Colony, 400012 Chembur, Mumbai 400071 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aajfk2799R Appellant/अपीलार्थी .. Respondent/प्रनिवादी निर्ााररती की ओर से /Assessee By: None राजस्व की ओर से /Revenue By: Shri Ritesh Misra, Cit Dr A/W Shri Hemanshu Joshi, Sr Dr स िवाई की िारीख / Date Of Hearing 10.07.2025 घोर्णा की िारीख/Date Of Pronouncement 22.07.2025

For Appellant: NoneFor Respondent: Shri Ritesh Misra, CIT DR a/w
Section 143(2)Section 148Section 151Section 250

Unexplained Cash Credit U/S 68 (a) In the facts and circumstancesof the case. National FacelessAppeal Centre (NFAC) erred in confirming additions made by AO in treating unsecured loans taken during the impugned assessment year even though Appellant duly placed on record the details such as Confirmation of loan party with PAN and address,balance sheets, return of income together with