AAWAGAMAN MERCANTILE LLP ,MUMBAI vs. INCOME TAX OFFICER, WARD, 1(1), KOLKATA

In the result, the appeal by the assessee is allowed

Bench: Shri Amarjit Singhshri Sandeep Singh Karhailaawagaman Mercantile Llp, 204, Anand Estate, Arthur Road 189, Mumbai, Jacob Circle S.O. Mumbai - 400011 ……………. Appellant Maharashtra Pan: Abbfa0328F V/S Ito, Ward – 1(1), Aayakar Bhawan, Kolkata ……………. Respondent P-7, Chowringhee Square, Kolkata. Assessee By : Ms. Dinkle Hariya Revenue By : Shri Manoj Kumar Sinha, Sr.Dr

6. The AO, vide order dated 28/03/2022, disagreed with the submissions of the assessee and held that the assessee has under-reported its income, which is in consequence of misreporting of income under section 270A of the Act. Accordingly, the AO levied a penalty of INR 3,47,776 under section 270A of the Act. 7. The learned

HI-TECH ENGINEERS,MUMBAI vs. CENTRAL CIRCLE 5(1), BANDRA MUMBAI

Bench: SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER SHRI OMKARESHWAR CHIDARA (Accountant Member)

6. Vimalanath Associates 12,34,457 7. Vimalnath Corporation 12,20,035 Total 70,93,473 The Assessing Officer also initiated penalty proceedings under Section 270A of the Act for misreporting of income. 4. The above addition was challenged by the Assessee in appeal before the Commissioner of Income Tax (Appeals) [hereinafter referred to as the ‘First Appellate Authority

HI-TECH ENGINEERS,MUMBAI vs. CENTRAL CIRCLE 5(1), BANDRA EAST, MUMBAI,

Bench: SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER SHRI OMKARESHWAR CHIDARA (Accountant Member)

6. Vimalanath Associates 12,34,457 7. Vimalnath Corporation 12,20,035 Total 70,93,473 The Assessing Officer also initiated penalty proceedings under Section 270A of the Act for misreporting of income. 4. The above addition was challenged by the Assessee in appeal before the Commissioner of Income Tax (Appeals) [hereinafter referred to as the ‘First Appellate Authority

MESSE FRANKFURT TRADE FAIRS INDIA PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 2(2)(1), MUMBAI

Bench: Shri Saktijit Dey & Shri Makarand Vasant Mahadeokar1. Ita No. 6498/Mum/2025 (Assessment Year: 2018-19) & 2. Ita No. 6680/Mum/2025 (Assessment Year: 2018-19) Messe Frankfurt Trade Dcit – 2(2)(1), Fairs India Private Income Tax Limited, Vs. Department, 501, 5Th Floor, Gala Mumbai-400 020 Impecca, Mumbai, Chakala Midc S.O, Mumbai-400 093. Pan/Gir No. Aabcm0696G (Applicant) (Respondent) Assessee By Shri Ninad Patade, Ld. Ar Revenue By Shri Annavaram Kosuri, Ld. Dr Date Of Hearing 18.02.2026 Date Of Pronouncement 19.02.2026

6,85,238/- levied under section 270A vide order dated 15.03.2024 has been confirmed. The penalty has been levied under section 270A on the allegation of under-reporting of income in consequence of misreporting thereof within the meaning of section 270A(9), in respect of the addition of Rs. 9,90,000/- sustained in quantum proceedings on account of disallowance

MESSE FRANKFURT TRADE FAIRS INDIA PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 2(2)(1), INCOME TAX DEPARTMENT, MUMBAI, MUMBAI

Bench: Shri Saktijit Dey & Shri Makarand Vasant Mahadeokar1. Ita No. 6498/Mum/2025 (Assessment Year: 2018-19) & 2. Ita No. 6680/Mum/2025 (Assessment Year: 2018-19) Messe Frankfurt Trade Dcit – 2(2)(1), Fairs India Private Income Tax Limited, Vs. Department, 501, 5Th Floor, Gala Mumbai-400 020 Impecca, Mumbai, Chakala Midc S.O, Mumbai-400 093. Pan/Gir No. Aabcm0696G (Applicant) (Respondent) Assessee By Shri Ninad Patade, Ld. Ar Revenue By Shri Annavaram Kosuri, Ld. Dr Date Of Hearing 18.02.2026 Date Of Pronouncement 19.02.2026

6,85,238/- levied under section 270A vide order dated 15.03.2024 has been confirmed. The penalty has been levied under section 270A on the allegation of under-reporting of income in consequence of misreporting thereof within the meaning of section 270A(9), in respect of the addition of Rs. 9,90,000/- sustained in quantum proceedings on account of disallowance

SALTWATER STUDIO LLP,MUM vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T. Varkey, Jm & Shri Om Prakash Kant, Am आयकरअपीलसं/ I.T.A. No.13/Mum/2023 (निर्धारणवर्ा / Assessment Year: 2017-18) बिधम / Saltwater Studio Llp Nfac, Delhi 103, Corporate Corner, F Block, Northe Block, Vs. Sunder Nagar, Near Dalmia New Delhi-110001 College, Malad (West) Mumbai-400 064 स्थधयीलेखधसं/.जीआइआरसं/.Pan/Gir No. : Ackfs1653D (अपीलार्थी / Appellant) .. (प्रत्यर्थी / Respondent)

6) or sub- section (7), where under-reported income is in consequence of any misreporting thereof by any person, the penalty referred to in sub- section (1) shall be equal to two hundred per cent of the amount of tax payable on under-reported income. (9) The cases of misreporting of income referred to in sub-section (8) shall

MACROTECH DEVELOPERS LTD.(SUCCESSOR TO BELLISSIMO CROWN BUILDMART PVT LTD.,,MUMBAI vs. DCIT CENTRAL CIRCLE 7(3), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

disallowance of ₹ 3 20,92,006/–. Accordingly, we allow ground number 5 of the appeal. 059. Ground number 6 is against initiation of penalty proceedings under section 270A

MACROTECH DEVELOPRS LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 7(3), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

disallowance of ₹ 3 20,92,006/–. Accordingly, we allow ground number 5 of the appeal. 059. Ground number 6 is against initiation of penalty proceedings under section 270A

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT -CENTRAL CIRCLE -1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

TRIG DETECTIVES PVT LTD ,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowances of salary, wages, and administrative expenses. As held in Swaran Nadhan Salaria (supra), estimated additions arising from non-production of vouchers, where books of account have not been rejected under section 145(3), fall outside the ambit of “under-reported income” in view of section 270A(6

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

6,08,003 and 34 Nil (interest only) 2018 – 19 520,833 Nil (interest only) 2019 – 20 70,80,590/– ₹ 7,080,590 expenditure under section 69C 2020 – 21 Nil Nil 19. Thus the learned assessing officer is aggrieved by the addition deleted by the learned CIT – A with respect to bogus purchases and assessee is aggrieved by the amount

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

6,08,003 and 34 Nil (interest only) 2018 – 19 520,833 Nil (interest only) 2019 – 20 70,80,590/– ₹ 7,080,590 expenditure under section 69C 2020 – 21 Nil Nil 19. Thus the learned assessing officer is aggrieved by the addition deleted by the learned CIT – A with respect to bogus purchases and assessee is aggrieved by the amount

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

6,08,003 and 34 Nil (interest only) 2018 – 19 520,833 Nil (interest only) 2019 – 20 70,80,590/– ₹ 7,080,590 expenditure under section 69C 2020 – 21 Nil Nil 19. Thus the learned assessing officer is aggrieved by the addition deleted by the learned CIT – A with respect to bogus purchases and assessee is aggrieved by the amount