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

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

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

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

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

SHRI SANJAY SHANTILAL JAIN,MUMBAI vs. JCIT, CENTRAL RANGE-8 , MUMBAI

In the result, the appeal of the In the result, the appeal of the assessee is having ITA No

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Dcit-Cc 8(3), 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Jcit, Central Range-8, 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent : Assessee By Mr. Rushabh Mehta, Ar Revenue By : Mr. Manoj Kumar, Cit- Dr : Date Of Hearing 15/09/2022 Date Of Pronouncement : 31/10/2022

House, Sheikh Memon the appellant at 96/106, Aabhushan House, Sheikh Memon the appellant at 96/106, Aabhushan House, Sheikh Memon Street, Zaveri Bazar, Mumbai, Annexure A Street, Zaveri Bazar, Mumbai, Annexure A-1 was impounded. 1 was impounded. In the seized page No. 3 and 4 of Annexure A In the seized page No. 3 and 4 of Annexure

SHRI SANJAY SHANTILAL JAIN,MUMBAI vs. DCIT, CENTRAL RANGE-8 (3), MUMBAI

In the result, the appeal of the In the result, the appeal of the assessee is having ITA No

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Dcit-Cc 8(3), 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Jcit, Central Range-8, 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent : Assessee By Mr. Rushabh Mehta, Ar Revenue By : Mr. Manoj Kumar, Cit- Dr : Date Of Hearing 15/09/2022 Date Of Pronouncement : 31/10/2022

House, Sheikh Memon the appellant at 96/106, Aabhushan House, Sheikh Memon the appellant at 96/106, Aabhushan House, Sheikh Memon Street, Zaveri Bazar, Mumbai, Annexure A Street, Zaveri Bazar, Mumbai, Annexure A-1 was impounded. 1 was impounded. In the seized page No. 3 and 4 of Annexure A In the seized page No. 3 and 4 of Annexure

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...

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

unexplained cash credit u/s. 68 of the Income Tax Act, 1961 of the appellant. 68 of the Income Tax Act, 1961 of the appellant. 2. The Learned Commissioner of The Learned Commissioner of Income-tax (Appeals), has al tax (Appeals), has also erred in confirming @ 50% of the additions of confirming @ 50% of the additions of ₹45,13,124/- (rupees

DCIT CC, 4(3), MUMBAI, MUMBAI vs. NOUVEAU GLOBAL VENTURES LIMITED, MUMBAI

In the result, the appeals of the Revenue are allowed for statistical purposes whereas cross statistical purposes whereas cross-objections of the assessee are of the assessee are dismissed

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

unexplained cash credit u/s 68 of the Act. 5. On further appeal, the Ld. CIT(A) On further appeal, the Ld. CIT(A) upheld the validity of 153C upheld the validity of 153C proceedings and the r the rejection of books of accounts ejection of books of accounts, however deleted the estimated addition deleted the estimated additional profit

SHRI HITENDRA C. GHADIA ,MUMBAI vs. DY CIT -CC-1(1), MUMBAI

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

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-2012 & Assessment Year: 2013-2014 & Assessment Year: 2014-2015

house property, business, capital gain and property, business, capital gain and other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of the Income-tax Act, 1961 (in tax Act, 1961 (in short

SHRI. HITENDRA C GHADIA,MUMBAI vs. DCIT CC 1 (1), MUMBAI

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

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-2012 & Assessment Year: 2013-2014 & Assessment Year: 2014-2015

house property, business, capital gain and property, business, capital gain and other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of the Income-tax Act, 1961 (in tax Act, 1961 (in short

SHRI. HITENDRA C GHADIA,MUMBAI vs. DCIT CC 1 (1), MUMBAI

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

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-2012 & Assessment Year: 2013-2014 & Assessment Year: 2014-2015

house property, business, capital gain and property, business, capital gain and other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of other sources. A search and seizure action under section 132(1) of the Income-tax Act, 1961 (in tax Act, 1961 (in short

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -5(2), MUMBAI, NARIMAN POINT, MUMBAI vs. AGV CONSULTANTS , BORIVALI (E), MUMBAI

In the result, all the appeals filed by the revenue\nstands dismissed

properties, identification of potential investors and\nnegotiations with the investors, securing NOC's & occuрапсу\ncertificates for projects, SWOT analysis for product placement,\nDocumentation work, Design of foundations as per the soil\ninvestigation reports for infrastructure projects, etc. The\nassessee also claims that service/GST and TDS has been\ndeducted on the remittance made by the clients

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-5(2), MUMBAI, NARIMAN POINT, MUMBAI vs. AGV CONSULTANTS , BORIVALI (E), MUMBAI

In the result, all the appeals filed by the revenue\nstands dismissed

properties, identification of potential investors and\nnegotiations with the investors, securing NOC's & occuрапсу\ncertificates for projects, SWOT analysis for product placement,\nDocumentation work, Design of foundations as per the soil\ninvestigation reports for infrastructure projects, etc. The\nassessee also claims that service/GST and TDS has been\ndeducted on the remittance made by the clients

UDAYAN GROVER,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE(NFAC), DELHI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleudayan Grover V. National Faceless Appeal Centre Panch Mahal Delhi Panch Sristhi Complex {Acit – 26(3), Bkc, Mumbai} Powai, Mumbai - 400072 Pan: Aclpg0572G (Appellant) (Respondent) Assessee Represented By : Shri Vimal Punmiya Department Represented By : Ms. Kavitha Kaushik

Properties in ITA No.105 of 2016 dated 08 May, 2017 (Calcutta High Court) Page No. 10 Udayan Grover M/s. Alipine Investments in ITA No.620 of 2008 dated 26th 3. August, 2008 4. M/s. GTC Industries 164 ITD Page 1(ITA No.5996/Mum/1993) “E”, BENCH MUMBAI (SPECIAL BENCH) 5. Navneet Agarwal, Legal Heir of Late Kiran Agarwal(I.T.A No. 2281/Kol/2017) “C” BENCH

JT CIT (OSD), CC-3(1), MUMBAI vs. VALLABHBHAI PARSOTTAMBHAI SURANI, SURAT

In the result, appeal filed by the Revenue is dismissed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms Kavitha Rajagopal, Hon'Blejt. Commissioner Of Income Tax (Osd) V. Vallabhbhai Parsottambhai Surani Central Circle – 3(1) 1, Sundaram Bunglow Room No. 1924, 19Th Floor Lambe Hanuman Road Air India Building, Nariman Point Opp. Saiffe Society Mumbai – 400 021 Gujrat - 395006 Pan: Ajyps2262F (Appellant) (Respondent) C.O. No.164/Mum/2021 [Arising Out Of Ita No. 498/Mum/2021 (A.Y: 2007-08)] Vallabhbhai Parsottambhai Surani V. Jt. Commissioner Of Income Tax (Osd) 1, Sundaram Bunglow Central Circle – 3(1) Room No. 1924, 19Th Floor Lambe Hanuman Road Air India Building, Nariman Point Opp. Saiffe Society Mumbai – 400 021 Gujrat - 395006 Pan: Ajyps2262F (Appellant) (Respondent) Assessee Represented By : Shri Bharat Kumar Department Represented By : Dr. Mahesh Akhade

House Property and Other Sources. The Assessee had filed his Original Return of Income for the year under consideration u/s. 139(1) on 31.3.2008 declaring total Income of ₹.31,62,790/-. A search action u/s. 132 of the Act was conducted by the DDIT (Inv.), Unit – VII, Mumbai in the case of J.B. Diamond Group on 29.10.2010 including the residence

SANJIB SUDHIR PRADHAN,MUMBAI vs. INCOME TAX OFFICER, 15(1)(1), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri Om Prakash Kant & Shri Sandeep Singh Karhail

property and letter, she has signed in Bengali. The AO vide order dated 28/03/2014 did not agree with the submissions of the assessee and treated the amount of Rs. 1,65,000 as unexplained cash credit and added the same to the total income of the assessee under section 68 of the Act. The learned CIT(A), vide impugned order

SANJIB SUDHIR PRADHAN,MUMBAI vs. ITO, 15(1)(1), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri Om Prakash Kant & Shri Sandeep Singh Karhail

property and letter, she has signed in Bengali. The AO vide order dated 28/03/2014 did not agree with the submissions of the assessee and treated the amount of Rs. 1,65,000 as unexplained cash credit and added the same to the total income of the assessee under section 68 of the Act. The learned CIT(A), vide impugned order

SHYAMM MARIWALA,MUMBAI vs. ITO WARD -6(3)(3), MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2010-11 Shyamm Mariwala, Ito Ward-6(3)(3), 216, Vasan Udyog Bhavan, Aayakar Bhavan, Vs. Senapati Bapat Marg, Mumbai-400013. Lower Parel, Mumbai-400013. Pan No. Advpm 4940 K Appellant Respondent Assessee By : Mr. Subhash Chhajed, Ar : Revenue By Mr. R.N. D’Souza, Dr Date Of Hearing : 01/11/2022 Date Of Pronouncement : 22/12/2022

house property, disallowance u/s. 14A and addition for unexplained cash credit u/s. 68 of the Act. The and addition for unexplained

DCIT 4 (3)(1), MUMBAI vs. MOHIT DEEPAK KAMBOJ, MUMBAI

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

house property u/s 23 of the Act, (b) deemed dividend of Rs.22,05,935/- u/s 2(22)(e) of the Act and, (c) addition of unsecured loans of Rs.22,58,21,128/- by way of unexplained cash credit

ACIT CIR-6(3)(2), MUMBAI vs. SHRI MOHIT DEEPAK KAMBOJ, MUMBAI

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

house property u/s 23 of the Act, (b) deemed dividend of Rs.22,05,935/- u/s 2(22)(e) of the Act and, (c) addition of unsecured loans of Rs.22,58,21,128/- by way of unexplained cash credit