DCIT CEN CIR 7(3), MUMBAI vs. GALAXY PREMISES P.LTD, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri G. Manjunatha

housing projects, cash loans/deposits, etc. As per the Revenue, the assessee violated the provisions of ITA Nos.7124 to 7129/Mum/2016 4 M/s Galaxy Premises Pvt. Ltd. section 269SS of the Act. A show cause notice was issued to the assessee as to why penalty under section 271D should not be levied. The assessee filed its submissions vide letter dated 13/07/2015, which

DCIT CEN CIR 7(3), MUMBAI vs. GALAXY PREMISES P.LTD, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri G. Manjunatha

housing projects, cash loans/deposits, etc. As per the Revenue, the assessee violated the provisions of ITA Nos.7124 to 7129/Mum/2016 4 M/s Galaxy Premises Pvt. Ltd. section 269SS of the Act. A show cause notice was issued to the assessee as to why penalty under section 271D should not be levied. The assessee filed its submissions vide letter dated 13/07/2015, which

DCIT CEN CIR 7(3), MUMBAI vs. GALAXY PREMISES P.LTD, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri G. Manjunatha

housing projects, cash loans/deposits, etc. As per the Revenue, the assessee violated the provisions of ITA Nos.7124 to 7129/Mum/2016 4 M/s Galaxy Premises Pvt. Ltd. section 269SS of the Act. A show cause notice was issued to the assessee as to why penalty under section 271D should not be levied. The assessee filed its submissions vide letter dated 13/07/2015, which

DCIT CEN CIR 7(3), MUMBAI vs. GALAXY PREMISES P.LTD, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri G. Manjunatha

housing projects, cash loans/deposits, etc. As per the Revenue, the assessee violated the provisions of ITA Nos.7124 to 7129/Mum/2016 4 M/s Galaxy Premises Pvt. Ltd. section 269SS of the Act. A show cause notice was issued to the assessee as to why penalty under section 271D should not be levied. The assessee filed its submissions vide letter dated 13/07/2015, which

SHYAM KUMAR SADASHIVAN PILLAI,MUMBAI vs. INCOME TAX OFFICER, CIRCLE 27(3)(1), NAVI MUMBAI

In the result, the appeal is allowed

Bench: Ms Padmavathy S, Am & Shri Raj Kumar Chauhan, Jm

271E, section 271F, section 271FA, section 271FAB, section 271FB, section 271G, section 271GA, section 271GB, section 271H, section 271-I, section 271J, clause (c) or clause (d) of sub-section (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA or section 272B or sub-section (1) or sub-section (1A) of section 272BB

DCIT CEN CIR 7(3), MUMBAI vs. SANATHANAGAR ENTERPRISES LTD, MUMBAI

In the result, all the appeals of the Revenue are dismissed and all Cross Objections of the assessee are allowed

HOUSES PVT LTD 140000 37 LODHA FOREMOST CONSTRUCTION P LTD 59000 38 LODHA FOUNDATION DEV. & BUILDERS P LTD 58000 39 LODHA HOUSE DEVELOPERS PVT LTD 60000 40 LODHA IDEAL BUILDERS PVT LTD 59000 41 LODHA INFRABUILD & FARMS PVT LTD 72000 42 LODHA INFRACON PVT LTD 50000 43 LODHA INFRACREATIONS & FARMS P LTD 72000 44 LODHA INFRADEVELOPERS

PREMJI BHURLAL GALA ,MUMBAI vs. ADDL CIT RANG 24(1), MUMBAI

In the result, Assessee’s appeal is allowed

Bench: Shri Narender Kumar Choudhry & Shri Bijayananda Prusethassessment Year: 2016-17 Premji Bhurlal Gala Addl. Cit Range 24(1), B-301, Water Ford, Cd Mumbai Barfiwala Road Juhu Fally Kautilya Bhavan, C-41 To C- Vs. Andheri West, Mumbai - 43, G Block, Bandra Kurla 400058 Complex, Bandra (E) Mumbai – 400051 (Appellant) (Respondent) Present For: Assessee By : Shri Vinod Kumar Bindal & Satish Kumar, Ld. A. Rs. Revenue By : Shri Virabhadra Mahajan, Sr. D.R. Date Of Hearing : 09.12.2025 Date Of Pronouncement : 28.01.2026 O R D E R Per : Narender Kumar Choudhry: This Appeal Has Been Preferred By The Assessee Against The Order Dated 23.09.2025, Impugned Herein, Passed By The Ld. Commissioner Of Income Tax (Appeals) (In Short Ld. Commissioner) U/S 250 Of The Income Tax Act, 1961 (In Short ‘The Act’) For The A.Y. 2016-17. 2. In The Instant Case, The Case Of The Assessee Was Reopened Under Section 147 Of The Act, On The Basis Of Search & Survey Action Under Section 132 Of The Act Carried Out In The Case Of M/S. Evergreen Enterprises, Wherein The Statement Of The Partner In M/S. Evergreen Enterprises, Mr. Nilesh Bharani Was Recorded Under Section 132(4) Of The Act, Unearthing An Undisclosed Activity, 2 Premji Bhurlal Gala

House Properties, Proprietary Business and other sources. 2. The Return of Income was filed on 10th September 2016 declaring Total Income Rs.24,62,230/- after claiming deduction under Chapter VI A of Rs. 1,60, 148/-. 3. The return for A.Y 2016-17 was selected for reopening of assessment u/s 148 vide Notice dtd. 31-Mar-2021. 4. Your Appellant

DCIT 27(1) , MUMBAI vs. M/S. GANGA DEVELOPERS, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shripavan Kumar Gadale, Jm Dcit 27(1) R No.406, 4Th Floor, Tower M/S Ganga Developers Plot No. 219, Alal Asia, No.6, 11Th Road, Chembur, Vashi Railway Stn Complex, Vs. Vashi, Navi Mumbai Mumbai-400 071 Mumbai-400 703 (Respondent) (Appellant) Pan No. Aaafg 8230 C Assessee By : Shri J.P. Bairagra, Ar Revenue By : Shri Jasbir Chouhan, Dr Date Of Hearing: 13.07.2022 Date Of Pronouncement : 12.10.2022

property prior to this Act: Section 114 (1) The Land Acquisition Act. 1 894 is hereby repealed (2) Save as otherwise provided in this Act the repeal under sub-section (i) shall not be held to prejudice or affect the general application of section 6 of the General Clauses Act 1897 with regard to the effect of repeals 5.14 Hence

CROMPTON GREAVES LTD,MUMBAI vs. CIT -6, MUMBAI

In the result, the appeals filed by the assessee company in ITA no

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kochar"ी शैल" कुमार यादव, "या"यक सद"य एवं "ी "ी रिमत कोचर, लेखाकार सद"य के सम" । आयकर अपील सं./I.T.A. No. 1994/Mum/2013 ("नधा"रण वष" / Assessment Year : 2007-08) आयकर अपील सं./I.T.A. No. 2836/Mum/2014 ("नधा"रण वष" / Assessment Year : 2007-08) M/S Crompton Greaves बनाम/ Cit – 6,Mumbai, Ltd.,6Th Floor, C.G. House, 5Th Floor, V. Dr. A.B. Road, Worli, Aayakar Bhavan, Mumbai – 400 030. M.K. Road, Mumbai – 400 020. "थायी लेखा सं./Pan : Aaacc3840K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Assessee By Shri Pradeep N. Kapasi Revenue By : Shri C.W. Angolkar सुनवाई क" तार"ख /Date Of Hearing : 29-10-2015 घोषणा क" तार"ख /Date Of Pronouncement : 01-02-2016

house property’, in respect of which there was a sharp divergence of opinion amongst the High Courts, was clarificatory and declaratory in nature and consequently retrospective. Similarly , in Brij Mohan Das Laxman Das v. CIT (1997) 90 Taxman 41(SC), explanation 2 added to section 40 of the Act was held to be declaratory in nature and , therefore , retrospective.(Reference

SAGARMAL SOHANLAL JAIN,THANE vs. ITO WARD 3(4), KALYAN

In the result, both the additions are directed to be deleted and the orders of the lower authorities are reversed

Bench: Shri Prashant Maharishi, Am Sagarmal Sohanlal Jain, Ito Ward 3(4) Shop No.6, Omkar Society, It Ashar Park, Road No.16Z, M.G. Road, Opp. Railway Station, 6Th Floor, Waghale Estate, Vs. Dombivli (West), Thane, Thane, Mumbai-400604 Mumbai-421201 (Appellant) (Respondent) Pan No. Aatpj4675K Assessee By : Shri N.A. Kulkarni, Ar Revenue By : Shri R.R. Makwana, Dr Date Of Hearing: 10.06.2024 Date Of Pronouncement : 09.07.2024

271E, 271(1)(c) and the application placed under Section 154 before the Assessing Officer though on his record not considered. Thus, his order not maintainable, even the CIT (A) not considered our submissions in this context physically placed before them. 4. Thus requested to set aside both the orders before the eyes of law as the matter be decided

DCIT CEN CIR 7(3), MUMBAI vs. SHANTINATH DESIGNER CONSTRUCTION P. LTD, MUMBAI

In the result, all the appeals filed by the revenue are hereby ordered to be dismissed

Bench: Shri Rajendra, Am & Shri Amarjit Singh, Jm

section 269SS of the Income Tax Act. 1961, ought to have upheld the levy of penalty u/s.271D as the assessee failed to establish the compelling reasons or genuine business constraints or reasonable cause for having transactions in respect of each and every journal entry with its group concerns. The appellant prays that the order of CIT(A)-49, Mumbai