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 ()

133A of the Income-tax Act, 1961 was tax Act, 1961 was carried out in the premises of the company M/s carried out in the premises of the company M/s carried out in the premises of the company M/s TanayaVincom TanayaVincom TanayaVincom Pt Pt Pt Ltd Ltd Ltd on on on 13.11.2019. 13.11.2019. 13.11.2019. The The The survey survey survey

DCIT CIR 1(4) , MUMBAI vs. ANANDILAL & GANESH PODAR SOCIETY, MUMBAI

In the result, all the appeals of the revenue are dismissed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

133A conducted on them and the disallowance / addition is not based on any tangible material found during the course of search u/s 132 of the Act on Podar Group. The Ld.AR also argued that the statements recorded u/s 131 during the course of survey

DCIT CIR 1(4) , MUMBAI vs. ANANDILAL & GANESH PODAR SOCIETY, MUMBAI

In the result, all the appeals of the revenue are dismissed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

133A conducted on them and the disallowance / addition is not based on any tangible material found during the course of search u/s 132 of the Act on Podar Group. The Ld.AR also argued that the statements recorded u/s 131 during the course of survey

DCIT CIR 1(4) , MUMBAI vs. ANANDILAL & GANESH PODAR SOCIETY, MUMBAI

In the result, all the appeals of the revenue are dismissed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

133A conducted on them and the disallowance / addition is not based on any tangible material found during the course of search u/s 132 of the Act on Podar Group. The Ld.AR also argued that the statements recorded u/s 131 during the course of survey

ITO 22(1)-2, NAVI MUMBAI vs. J V CHEM (INDIA), MUMBAI

In the result , both the appeals filed by the assessee and revenue are partly allowed, as indicated above

Bench: Shri Pawan Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.3786/Mum/2011 (नििाारण वर्ा / Assessment Year: 2007-08) बिाम/ J.V. Chem (India), Ito 22(1)(2), 4T H Floor, Tower 6, B-1, Neelkanth Chhaya, Vashi Rly. Station R.B. Mehta Marg, V. Building, Ghatkopar East, Vashi, Mumbai- 400077 Navi Mumbai स्थायी ऱेखा सं./ Pan :Aabfj4268L आयकर अपीऱ सं./I.T.A. No.3763/Mum/2011 (नििाारण वर्ा / Assessment Year: 2007-08) Ito 22(1)(2), बिाम/ J.V. Chem (India), 4T H Floor, Tower 6, B-1, Neelkanth Chhaya, Vashi Rly. Station Building, R.B. Mehta Marg, V. Vashi, Ghatkopar East, Navi Mumbai Mumbai-400077 स्थायी ऱेखा सं./ Pan : Aabfj4268L (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

133A, 15 person came at the office premises (a tiny space of l80sq feet) for making the survey, consisting of ITO’s/ADC1T and staff of 1TO. The search commenced in afternoon and was completed in early morning to next day. During the survey operation all record of assessee was mixed in a very small place and there was a total

J.V. CHEM (INDIA),MUMBAI vs. ITO 22(1)2, NAVI MUMBAI

In the result , both the appeals filed by the assessee and revenue are partly allowed, as indicated above

Bench: Shri Pawan Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.3786/Mum/2011 (नििाारण वर्ा / Assessment Year: 2007-08) बिाम/ J.V. Chem (India), Ito 22(1)(2), 4T H Floor, Tower 6, B-1, Neelkanth Chhaya, Vashi Rly. Station R.B. Mehta Marg, V. Building, Ghatkopar East, Vashi, Mumbai- 400077 Navi Mumbai स्थायी ऱेखा सं./ Pan :Aabfj4268L आयकर अपीऱ सं./I.T.A. No.3763/Mum/2011 (नििाारण वर्ा / Assessment Year: 2007-08) Ito 22(1)(2), बिाम/ J.V. Chem (India), 4T H Floor, Tower 6, B-1, Neelkanth Chhaya, Vashi Rly. Station Building, R.B. Mehta Marg, V. Vashi, Ghatkopar East, Navi Mumbai Mumbai-400077 स्थायी ऱेखा सं./ Pan : Aabfj4268L (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

133A, 15 person came at the office premises (a tiny space of l80sq feet) for making the survey, consisting of ITO’s/ADC1T and staff of 1TO. The search commenced in afternoon and was completed in early morning to next day. During the survey operation all record of assessee was mixed in a very small place and there was a total

RUKHMANI TRADERS,MUMBAI vs. ACIT 18 MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh () Assessment Year: 2010-11 M/S Rukhmani Traders, Asst. Cit -18(3), 6Th Floor, A Wing, Aurus Chambers, Earnest House, Nariman Point, Vs. S.S. Amrutwar Marg, Behind Mumbai-400021. Mahindra Towers, Worli, Mumbai-400013. Pan No. Aalfr 1619 R Appellant Respondent

survey u/s 133A of the Act carried out by the Investigation Wing of Income of Income-tax Department, Ahmadabad tax Department, Ahmadabad at the premises of the brokers and few of their clients on 23.03.2015. The premises of the brokers and few of their clients on 23.03.2015. The premises of the brokers and few of their clients

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

disallowing of Rs.1,08,40,272/- being difference in stamp being difference in stamp duty value and sale price of some properties sold during the year, duty value and sale price of some properties sold during the year, duty value and sale price of some properties sold during the year, under section 43CA of the Act. under section 43CA

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

disallowing of Rs.1,08,40,272/- being difference in stamp being difference in stamp duty value and sale price of some properties sold during the year, duty value and sale price of some properties sold during the year, duty value and sale price of some properties sold during the year, under section 43CA of the Act. under section 43CA

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

disallowing of Rs.1,08,40,272/- being difference in stamp being difference in stamp duty value and sale price of some properties sold during the year, duty value and sale price of some properties sold during the year, duty value and sale price of some properties sold during the year, under section 43CA of the Act. under section 43CA

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX(APPEAL)--50, MUMAI

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

disallowance under the normal provisions of the Act on account of difference in stock in AY 2019-20, the following contentions were put forth: 111. The ld. AR highlighted that during the Survey proceedings conducted u/s 133A

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTECH TECHNOLOGIES LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS)-MUMBAI.50, MUMBAI

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

disallowance under the normal provisions of the Act on account of difference in stock in AY 2019-20, the following contentions were put forth: 111. The ld. AR highlighted that during the Survey proceedings conducted u/s 133A

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LIMITED ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE -8(1), MUMBAI

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

disallowance under the normal provisions of the Act on account of difference in stock in AY 2019-20, the following contentions were put forth: 111. The ld. AR highlighted that during the Survey proceedings conducted u/s 133A

DCIT CENTRAL CIRCLE 8(1), MUMBAI vs. MAHADHAN AGRITECH LIMITED, PUNE

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

disallowance under the normal provisions of the Act on account of difference in stock in AY 2019-20, the following contentions were put forth: 111. The ld. AR highlighted that during the Survey proceedings conducted u/s 133A

SWASTIK REALTORS,MUMBAI vs. ASST CIT 15(3), MUMBAI

Bench: Shri C.N. Prasad & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.800/Mum/2012 & 6314/Mum/2012 ("नधा"रण वष" / Assessment Year : 2007-08 & 2008-09) Swastik Realtors The Assistant बनाम/ 312, Swastik Disha Commissioner Of Income V. Corporate Park , Kohinoor Tax – 15(3), Textile Printing Compound Matru Mandir I T Office Opp. Shreyas Cinema, Lbs Nana Chowk Marg, Ghatkopar(W) Grant Road Mumbai-400 086 Mumbai. "थायी लेखा सं./Pan : Abafs2576A (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

survey carried out u/s 133A of the Act on Moxdiam , certain books of accounts and loose sheets were impounded on 09-07-2008 . It was submitted by said Mr. Nitesh Jain that statement of Mr. Basant D. Jain was recorded u/s 131 of the Act dated 09- 07-2008 which was duly acknowledged and endorsed by Mr Nitesh Jain whereby

SWASTIK REALTORS,MUMBAI vs. A.C.I.T.15(3), MUMBAI

Bench: Shri C.N. Prasad & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.800/Mum/2012 & 6314/Mum/2012 ("नधा"रण वष" / Assessment Year : 2007-08 & 2008-09) Swastik Realtors The Assistant बनाम/ 312, Swastik Disha Commissioner Of Income V. Corporate Park , Kohinoor Tax – 15(3), Textile Printing Compound Matru Mandir I T Office Opp. Shreyas Cinema, Lbs Nana Chowk Marg, Ghatkopar(W) Grant Road Mumbai-400 086 Mumbai. "थायी लेखा सं./Pan : Abafs2576A (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

survey carried out u/s 133A of the Act on Moxdiam , certain books of accounts and loose sheets were impounded on 09-07-2008 . It was submitted by said Mr. Nitesh Jain that statement of Mr. Basant D. Jain was recorded u/s 131 of the Act dated 09- 07-2008 which was duly acknowledged and endorsed by Mr Nitesh Jain whereby

DCIT CC 4 (4), MUMBAI, MUMBAI vs. SANMAN TRADE IMPEX LIMITED, MUMBAI

In the result, appeals of the Revenue are dismissed dismissed whereas appeals of the assessee are partly allowed appeals of the assessee are partly allowed

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

u/s 143 r.w.s. 153A Total income Assessed u/s 143 r.w.s. 153A 28097990 28097990 vide order dated 29.12.2017 vide order dated 29.12.2017 16,16,00,000 Add: Disallowance of expenses related to Add: Disallowance of expenses related to 16,16,00,000 amortization of Goodwill (as discussed amortization of Goodwill (as discussed above) Add: Disallowance of exemption claimed u/s Add: Disallowance

SANMAN TRADE IMPEX LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX- CENTRAL CIRCLE 4(4), MUMBAI, MUMBAI

In the result, appeals of the Revenue are dismissed dismissed whereas appeals of the assessee are partly allowed appeals of the assessee are partly allowed

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

u/s 143 r.w.s. 153A Total income Assessed u/s 143 r.w.s. 153A 28097990 28097990 vide order dated 29.12.2017 vide order dated 29.12.2017 16,16,00,000 Add: Disallowance of expenses related to Add: Disallowance of expenses related to 16,16,00,000 amortization of Goodwill (as discussed amortization of Goodwill (as discussed above) Add: Disallowance of exemption claimed u/s Add: Disallowance