MUNIR M. KHAN,MUMBAI vs. DCIT- CC -7(1), MUMBAI

In the result, appeal filed by the assesee is allowed and appeal filed by the revenue is dismissed

Bench: Shri Saktijit Dey & Shri G. Manjunathamunir Khan Vs. Dcit, Central Circle-7(1) 654, 6Th Floor 1404, ‘A’ Wing Raj Classic Bldg Aaykar Bhawan Off. Yari Road, Versova M.K.Road Andheri(W) Mumbai-400 020 Mumbai-400 061 Pan/Gir No.Asgpk3313A (Appellant) .. (Respondent) & Dcit, Central Circle-7(1) Vs. Munir Khan 654, 6Th Floor 1404, ‘A’ Wing Aaykar Bhawan Raj Classic Bldg M.K.Road Off. Yari Road, Versova Mumbai-400 020 Andheri(W) Mumbai-400 061 Pan/Gir No.Asgpk3313A (Appellant) .. (Respondent)

deposits in bank account of Rs. 18,61,16,947/- sustained additions of Rs. 1,72,20,000/-, on the basis of estimation of cash withdrawals for household expenses and ceremonial expenses etc and balance amount of Rs. 16,88,96,947/- has been deleted. 5. Thereafter, the Ld. AO has initiated penalty proceedings, u/s 271

SWARAN NADHAN SALARIA,MUMBAI vs. DICT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

271(1)(c) at 100% of tax sought to be evaded on ought to be evaded on ₹88,36,915/- -, amounting to ₹30,03,667/-. The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: (i) , the assessee failed to file any evidence or details justifying

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

271(1)(c) at 100% of tax sought to be evaded on ought to be evaded on ₹88,36,915/- -, amounting to ₹30,03,667/-. The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: (i) , the assessee failed to file any evidence or details justifying

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

271(1)(c) at 100% of tax sought to be evaded on ought to be evaded on ₹88,36,915/- -, amounting to ₹30,03,667/-. The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: (i) , the assessee failed to file any evidence or details justifying

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

271(1)(c) at 100% of tax sought to be evaded on ought to be evaded on ₹88,36,915/- -, amounting to ₹30,03,667/-. The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: . The CIT(A) confirmed the levy, holding that: (i) , the assessee failed to file any evidence or details justifying

DCIT CC 7(2), MUMBAI, MUMBAI vs. M/S MAN INDUSTRIES (INDIA) LIMITED, MUMBAI

In the result, both the both the appeal of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

cash credit. 4. On further appeal, the Ld. CIT(A) forwarded the submission of On further appeal, the Ld. CIT(A) forwarded the submission of On further appeal, the Ld. CIT(A) forwarded the submission of the assessee calling for his comment but despite three reminders no the assessee calling for his comment but despite three reminders no the assessee

DCIT CC-7(2), MUMBAI, MUMBAI vs. MAN INDUSTRIES (I) LTD., MUMBAI

In the result, both the both the appeal of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

cash credit. 4. On further appeal, the Ld. CIT(A) forwarded the submission of On further appeal, the Ld. CIT(A) forwarded the submission of On further appeal, the Ld. CIT(A) forwarded the submission of the assessee calling for his comment but despite three reminders no the assessee calling for his comment but despite three reminders no the assessee

ABDULLA MOHAMED YUSUF PATEL ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 20(1), MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

penalty proceedings u/s. 271(1)(c) of the I.T. Act, 1961. u/s. 271(1)(c) of the I.T. Act, 1961. 6. Without prejudice Without prejudice On the facts and in the On the facts and in the circumstances of the case and in law, the CIT circumstances of the case and in law, the CIT (Appeals) erred

ABDULLA MOHAMED YUSUF PATEL,MUMBAI vs. NFAC, DELHI

In the result, both the appeals of the assessee are allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

penalty proceedings u/s. 271(1)(c) of the I.T. Act, 1961. u/s. 271(1)(c) of the I.T. Act, 1961. 6. Without prejudice Without prejudice On the facts and in the On the facts and in the circumstances of the case and in law, the CIT circumstances of the case and in law, the CIT (Appeals) erred

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2), , MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

DCIT, CC-2(2),, MUM vs. SHRI NARENDRA S SHAH, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

SHRI NARENDRA S SHAH ,MUMBAI vs. DCIT, CEN CIR-(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC- 2(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

DCIT, CC-2(2), , MUM vs. SHRI NARENDRA S SHAH, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC-2(2),, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2),, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

cash was found during survey further cash was found during survey further fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties fortifies the claim of the assessee. All the concerned parties appeared before the Ld. Assessing Officer during remand appeared before the Ld. Assessing Officer during remand appeared before

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY. CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

penalty u/s. 271(1)(c) of the I. T. Act is 1(1)(c) of the I. T. Act is initiated.” 4.3 The relevant finding of ld CIT(A) is reproduced as under: The relevant finding of ld CIT(A) is reproduced as under: The relevant finding of ld CIT(A) is reproduced as under: “5.4 I have considered

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

penalty u/s. 271(1)(c) of the I. T. Act is 1(1)(c) of the I. T. Act is initiated.” 4.3 The relevant finding of ld CIT(A) is reproduced as under: The relevant finding of ld CIT(A) is reproduced as under: The relevant finding of ld CIT(A) is reproduced as under: “5.4 I have considered