ACIT- CC- 4(2), MUMBAI vs. K. RAHEJA CORPORATE SERVICES PVT. LTD., MUMBAI

In the result, the appeals filed by the revenue are hereby dismissed

Bench: Shri Aby T. Varkey () & Shri Gagan Goyal ()

disallowance u/s 14A of the IT Act as there was no exempt income received by the assessee during the year under consideration without appreciating the Circular No. 5 of 2014 dated 11.02.2014 of CBDT 4. First, we will take up Ground Nos. 1 to 3 which are common in all the years wherein the Revenue has assailed the action

ACIT- CC- 4 (2), MUMBAI vs. K. RAHEJA CORPORATE SERVICES PVT. LTD., MUMBAI

In the result, the appeals filed by the revenue are hereby dismissed

Bench: Shri Aby T. Varkey () & Shri Gagan Goyal ()

disallowance u/s 14A of the IT Act as there was no exempt income received by the assessee during the year under consideration without appreciating the Circular No. 5 of 2014 dated 11.02.2014 of CBDT 4. First, we will take up Ground Nos. 1 to 3 which are common in all the years wherein the Revenue has assailed the action

ACIT- CC- 4 (2), MUMBAI vs. K. RAHEJA CORPORATE SERVICES PVT. LTD., MUMBAI

In the result, the appeals filed by the revenue are hereby dismissed

Bench: Shri Aby T. Varkey () & Shri Gagan Goyal ()

disallowance u/s 14A of the IT Act as there was no exempt income received by the assessee during the year under consideration without appreciating the Circular No. 5 of 2014 dated 11.02.2014 of CBDT 4. First, we will take up Ground Nos. 1 to 3 which are common in all the years wherein the Revenue has assailed the action

ACIT- CC- 4(2), MUMBAI vs. K. RAHEJA CORPORATE SERVICES PVT. LTD., MUMBAI

In the result, the appeals filed by the revenue are hereby dismissed

Bench: Shri Aby T. Varkey () & Shri Gagan Goyal ()

disallowance u/s 14A of the IT Act as there was no exempt income received by the assessee during the year under consideration without appreciating the Circular No. 5 of 2014 dated 11.02.2014 of CBDT 4. First, we will take up Ground Nos. 1 to 3 which are common in all the years wherein the Revenue has assailed the action

ACIT- CC - 4(2), MUMBAI vs. K.RAHEJA CORPORATE SERVICES PVT. LTD., MUMBAI

In the result, the appeals filed by the revenue are hereby dismissed

Bench: Shri Aby T. Varkey () & Shri Gagan Goyal ()

disallowance u/s 14A of the IT Act as there was no exempt income received by the assessee during the year under consideration without appreciating the Circular No. 5 of 2014 dated 11.02.2014 of CBDT 4. First, we will take up Ground Nos. 1 to 3 which are common in all the years wherein the Revenue has assailed the action

DCIT, CENTRAL CIRCLE- 3(3), MUMBAI, MUMBAI vs. AVAADA VENTURES PVT. LTD , MUMBAI

disallowance under Section 14A was deleted because the assessee had not earned any exempt income.", "result": "Allowed", "sections": [ "153A", "132", "132(4

D.C.I.T. CENT. CIR. - 7(2), MUMBAI vs. RAJAHMUNDHRY EXPRESSWAY LTD., MUMBAI

In the result, appeals are dismissed

Bench: Shri Saktijit Dey & Shri G. Manjunatha

132 of the Act was conducted in case of Gammon India Ltd. and other group companies on 8th July 2010. The assessee was also covered under such search and seizure operation. In pursuance to the notice issued under section 153A of the Act, the assessee filed its return of income declaring total income at ` 6,72,99,474, after claiming

ACIT CENTRAL CIRCLE-2(1), MUMBAI vs. M/S. G NINE MODULAR PVT. LTD., MUMBAI

In the result, all the four appeals of the Revenue are In the result, all the four appeals of the Revenue are In the result, all the four appeals of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale ()

4. Whether on the facts and circumstances of the case and Whether on the facts and circumstances of the case and Whether on the facts and circumstances of the case and in law, the Ld. CIT(A) in law, the Ld. CIT(A)-48, Mumbai is right in allowing 48, Mumbai is right in allowing the appeal filed

ACIT CENTRAL CIRCLE-2(1), MUMBAI vs. M/S. G NINE MODULAR PVT. LTD., MUMBAI

In the result, all the four appeals of the Revenue are In the result, all the four appeals of the Revenue are In the result, all the four appeals of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale ()

4. Whether on the facts and circumstances of the case and Whether on the facts and circumstances of the case and Whether on the facts and circumstances of the case and in law, the Ld. CIT(A) in law, the Ld. CIT(A)-48, Mumbai is right in allowing 48, Mumbai is right in allowing the appeal filed

ACIT CENTRAL CIRCLE-2(1), MUMBAI vs. M/S. G NINE MODULAR PVT. LTD., MUMBAI

In the result, all the four appeals of the Revenue are In the result, all the four appeals of the Revenue are In the result, all the four appeals of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale ()

4. Whether on the facts and circumstances of the case and Whether on the facts and circumstances of the case and Whether on the facts and circumstances of the case and in law, the Ld. CIT(A) in law, the Ld. CIT(A)-48, Mumbai is right in allowing 48, Mumbai is right in allowing the appeal filed

NALIN P. CHOKSEY,MUMBAI vs. DCIT CIR 45, MUMBAI

In the result, the appeal in ITA No

Bench: Shri Amit Shukla & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 1769/Mum/2011 ("नधा"रण वष" / Assessment Year : 2002-03) आयकर अपील सं./I.T.A. No. 1770/Mum/2011 ("नधा"रण वष" / Assessment Year : 2004-05) आयकर अपील सं./I.T.A. No. 1771/Mum/2011 ("नधा"रण वष" / Assessment Year : 2005-06) आयकर अपील सं./I.T.A. No. 1772/Mum/2011 ("नधा"रण वष" / Assessment Year : 2008-09) आयकर अपील सं./I.T.A. No. 1773/Mum/2011 ("नधा"रण वष" / Assessment Year : 2003-04) आयकर अपील सं./I.T.A. No. 1774/Mum/2011 ("नधा"रण वष" / Assessment Year : 2006-07) Mr. Nalin P. Choksey, बनाम/ The. Dy. Cit, Krishna Villa, Central Circle 45, V. Linking Road, Aayakar Bhavan, Santacruz (W), Mumbai – 400 020. Mumbai – 400 054. "थायी लेखा सं./Pan :Aabpc0675L (अपीलाथ" /Appellant) .. (""यथ" / Respondent) Assessee By Shri Hari S. Raheja Respondent By : Shri Gulshan Raj सुनवाई क" तार"ख /Date Of Hearing : 19-11-2015 घोषणा क" तार"ख /Date Of Pronouncement : 11-12-2015

132(4) of the Act whereas in the instant case the assessee has only submitted a ITA 1769/M/11 to 1774/M/11 34 letter dated 12.02.2008 to DDIT offering this conditional additional income with the condition that if at a later stage , the assessee is able to substantiate the transactions , then said peak credit will be accordingly reduced

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(3), MUMBAI, MUMBAI vs. AVAADA VENTURES PRIVATE LIMITED, MUMBAI

In the result, all the appeals of the Revenue are dismissed as well as Cross Objections of the assessee are dismissed as infructuous

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI S RIFAUR RAHMAN (Accountant Member)

132 or requisition under section 132A of the Act, 1961. However, the completed/unabated assessments can be re-opened by the AO in exercise of powers under sections 147/148 of the Act, subject to fulfilment of the conditions as envisaged /mentioned under sections 147/148 of the Act and those powers are saved. 19. If we apply aforesaid principle upheld

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

132 of the Act, notice under 28 M/s Salasar Developers ITA No.4511 TO 4513/Mum/2014 Section 153 A(1) will have to be mandatorily issued to the person searched requiring him to file returns for six AYs immediately preceding the previous year relevant to the AY in which the search takes place. ii. Assessments and reassessments pending on the date

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

132 of the Act, notice under 28 M/s Salasar Developers ITA No.4511 TO 4513/Mum/2014 Section 153 A(1) will have to be mandatorily issued to the person searched requiring him to file returns for six AYs immediately preceding the previous year relevant to the AY in which the search takes place. ii. Assessments and reassessments pending on the date

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

132 of the Act, notice under 28 M/s Salasar Developers ITA No.4511 TO 4513/Mum/2014 Section 153 A(1) will have to be mandatorily issued to the person searched requiring him to file returns for six AYs immediately preceding the previous year relevant to the AY in which the search takes place. ii. Assessments and reassessments pending on the date

BALAJI UNIVERSAL TRADELINK P.LTD,MUMBAI vs. DCIT CEN CIR 40, MUMBAI

The appeals of the assessee are allowed and that of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri Sanjay Arora

4) of Cr.PC the authorized officer to make search is required to call upon two or more independent and respectable inhabitant of the locality in which the place to be searched is situated. Search is to be made in the presence of these two respectable inhabitants list of things to be seized and placed where these have been found

M/S.BALAJI BULLION & COMMODITIES (INDIA) PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE-40, MUMBAI

In the result, both the appeals are allowed

Bench: Shri Prashant Maharishi, Am & Shri Amarjit Singh, Jm Balaji Bullion & Commodities The Dy. Commissioner Of (India) Private Limited Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002 (Appellant) (Respondent) Pan No. Aadcbo236F Balaji Universal Tradelinks P. The Dy. Commissioner Of Ltd. Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002

4,12,214/- on account of Depreciation. Looking to the facts and in the circumstances of your Appellant's case the said disallowance made by the Ld. A.O. is incorrect and invalid and ought to be deleted. 13. On the facts and in the circumstances of the case and in law, the Ld. A. O. erred in making an addition

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

132(4) was recorded from the following persons:\n(a) Shri Dhakoji Dattaram Kolte (Accountant)\n4\nITA Nos.1509 to 1515 & 2270 to 2276/Mum/2025\nRamrao Adik Education Society\n(b) Shri Tukaram Pandurang Patil (Accountant)\n(c) Shri Umesh Khanvilkar (Professor)\n(d) Shri Pratap Patil (Assistant Accountant)\n(e) Shri Sunil Gaikwad (Registrar)\n(f) Smt. Shivani Patil (Trustee