DEEPAK JATIA ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - CENTRAL CIRCLE 1(1), MUMBAI

In the result, the appeals filed by the assessee are hereby ordered to be allowed

Bench: Shri Amarjit Singh, Jm & Shri N. K. Pradhan, Am आयकर अपील सं/ I.T.A. Nos. 940 To 943/Mum/2018 (निर्धारण वर्ा / Assessment Years: 2010-11 To 2013-14) बिधम/ Deepak Jatia Dcit-Central Circle-1(1) Room No.903, 9Th Floor, Old Marathon Innova, „A‟ Wing, Vs. 7Th Floor, Off. G. K. Marg, Cgo Bldg, Annexure, M.K. Lower Parel, Mumbai- Road, Mumbai-400020. 400013. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Adxpj8701D (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee By: Shri Anuj Kisnadwala (Ar) Revenue By: Shri Narendra Singh Jang Pangi (Dr) सुनवाई की तारीख / Date Of Hearing: 17/12/2019 घोषणा की तारीख /Date Of Pronouncement: 15/01/2020 आदेश / O R D E R Per Amarjit Singh, (Jm): The Assessee Has Filed The Above Mentioned Appeals Against The Different Order Passed By The Commissioner Of Income Tax (Appeals)- 47, Mumbai [Hereinafter Referred To As The “Cit(A)”] Relevant To The A.Ys. 2010-11, 2011-12, 2012-13 & 2013-14 In Which The Penalty Levied By The Ao Has Been Ordered To Be Confirmed.

u/s 153A, if any, admittedly, in this matter both the returned income and the assessed income are same. Whereas the Revenue was of the opinion that in as much that the income disclosed by ITA. Nos/ 940 to 943/M/2018 A.Y. 2010-11 to 2013-14 the assessee under Section 153A was higher than the income in the original return filed

NAVNITLAL K PARIKH,MUMBAI vs. ACIT CC-45, MUMBAI

The appeal of the assessee is allowed

Bench: Shri Joginder Singh & Shri Ramit Kocharassessment Years: 2004-05 Mr. Navnitlal K. Parikh, Acit, F-2, 77 & 78 Gujrati Society Cc-45, बनाम/ Nehru Road, Vile Parle (E), Aayakar Bhavan, Vs. Mumbai-400057 M.K. Road, Mumbai-400020 ("नधा"रती/Assessee) (राज"व /Revenue) Pa No.:-Aaccp6245F "नधा"रती क" ओर से / Assessee By Shri Shailesh Parmar Shri Suman Kumar-Dr राज"व क" ओर से / Revenue By 05/04/2017 सुनवाई क" तार"ख / Date Of Hearing : 18/04/2017 आदेश क" तार"ख /Date Of Order: Mr. Navnitlal K. Parikh

132A was made. Thus provisions of sections 153A, 153B and 153C are complete code for search assessments wherein search has been initiated after 3 1st May, 2003. The existence of the words “all other provisions of this Act shall apply to the assessment made under this section” in Explanation (i) of section 153A makes it clear that in search assessments

ACIT CEN CIR 21, MUMBAI vs. PRIME DOWN TOWN ESTATES P.LTD, MUMBAI

The appeal of the assessee is allowed and the appeal of the Revenue is dismissed

Bench: Shri Rajesh Kumar & Shri Amarjit Singhassessment Year: 2006-07 Acit Central Circle-21 M/S Prime Down Town Estates 408, 4Th Floor, Aaykar Bhawan Pvt.Ltd., Vs. 11Th Floor, Plaza, Panchasheel M.K.Marg Mumbai-400 020 Hughes Road, 55 Gamdevi Mumbai-400 007 Pan Aaacp2635B (Revenue) (Assessee) & Assessment Year: 2006-07 M/S Prime Down Town Estates Dcit Central Circle-21 Pvt.Ltd., Mumbai Vs. 11Th Floor, Plaza, Panchasheel Hughes Road, 55 Gamdevi Mumbai-400 007 Pan Aaacp2635B (Assessee) (Revenue)

132A, as the case may be, shall abate.” What is clear from this is that Section 153A is in the nature of a second chance given to the assessee, which incidentally gives him an opportunity to make good omission, if any, in the original return. Once the A.O. accepts the revised return filed under Section 153A, the original return under

PRIME DOWN TOWN ESTATE P.LTD,MUMBAI vs. DCIT CEN CIR 21, MUMBAI

The appeal of the assessee is allowed and the appeal of the Revenue is dismissed

Bench: Shri Rajesh Kumar & Shri Amarjit Singhassessment Year: 2006-07 Acit Central Circle-21 M/S Prime Down Town Estates 408, 4Th Floor, Aaykar Bhawan Pvt.Ltd., Vs. 11Th Floor, Plaza, Panchasheel M.K.Marg Mumbai-400 020 Hughes Road, 55 Gamdevi Mumbai-400 007 Pan Aaacp2635B (Revenue) (Assessee) & Assessment Year: 2006-07 M/S Prime Down Town Estates Dcit Central Circle-21 Pvt.Ltd., Mumbai Vs. 11Th Floor, Plaza, Panchasheel Hughes Road, 55 Gamdevi Mumbai-400 007 Pan Aaacp2635B (Assessee) (Revenue)

132A, as the case may be, shall abate.” What is clear from this is that Section 153A is in the nature of a second chance given to the assessee, which incidentally gives him an opportunity to make good omission, if any, in the original return. Once the A.O. accepts the revised return filed under Section 153A, the original return under

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

271, section 271AAB,] section 271F, 60[section 271FB,] section 272AA or section 272BB; (C) section 272, section 272B or section 273, as they stood immediately before the 1st day of April, 1989, in respect of an assessment for the assessment year commencing on the 1st day of April, 1988, or any earlier assessment years; [(ja) an order of imposing

SHRI FRANCIS THOMAS ,MUMBAI vs. JCIT (OSD) CC- 2(3), MUMBAI

Bench: Hon’Ble Shri C.N. Prasad, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकर अपील सं./ I.T.A. No.1732/Mum/2020 (िनधा"रण वष" / Assessment Year: 2013-14) Shri Francis Thomas Jcit (Osd)-Cc-2(3) बनाम/ 803, 8Th Floor, Old Cgo Building 29-C, D-1, Aravali Apartments, Sec-52 Noida, Up-203 303 Pratishtha Bhawan, M.K. Road Vs. Mumbai-400 020 Pan No.: Adgpt-3709-E (अपीलाथ"/Appellant) (""थ" / Respondent) : & आयकर अपील सं./ I.T.A. No.2000/Mum/2020 (िनधा"रण वष" / Assessment Year: 2013-14) Dcit -Cc-2(3) Shri Francis Thomas 803, 8Th Floor, Old Cgo Building बनाम/ 29-C, D-1, Aravali Apartments Pratishtha Bhawan, M.K. Road Sec-52 Vs. Mumbai-400 020 Noida, Up-203 303 Pan No.: Adgpt-3709-E (अपीलाथ"/Appellant) (""थ" / Respondent) : Assessee By : Shri Rajiv Khandelwal – Ld. Ar Revenue By : Ms. Usha Gaikwad - Ld. Sr. Dr सुनवाई की तारीख/ : 06/05/2021 Date Of Hearing घोषणा की तारीख / : 17/06/2021 Date Of Pronouncement

271(1)(c) for Rs. 104.64 Lacs vide order dated 26/02/2018 which was computed @200% of tax sought to be evaded by the assessee. Upon further appeal, Ld. CIT(A) reduced the same to 100% of tax sought to be evaded by the assessee. The said adjudication has given rise to cross- appeals before us. The revenue is agitating

M/S.BALAJI BULLION & COMMODITIES (INDIA) PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE-40, MUMBAI

In the result, both the appeals are allowed

Bench: Shri Prashant Maharishi, Am & Shri Amarjit Singh, Jm Balaji Bullion & Commodities The Dy. Commissioner Of (India) Private Limited Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002 (Appellant) (Respondent) Pan No. Aadcbo236F Balaji Universal Tradelinks P. The Dy. Commissioner Of Ltd. Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002

penalty proceedings u/s. 271 (1) (c) of the Income Tax Act, 1961. 23. Any other ground or grounds as may be urged at the time of hearing.” 06. Assessee in ITA No 1292 is a company engaged in trading in gold bar, gold jewellery, cut and polished diamonds in manufacturing of gold jewelry etc. For impugned assessment year assessee filed

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 ()

271(1)c) of the Act be dropped. 9. The Ld. CIT (A) has erred upholding th The Ld. CIT (A) has erred upholding the action of AO in levying e action of AO in levying interest u/s 234A of the Act of Rs. 47,630/ interest u/s 234A of the Act of Rs. 47,630/-, u/s 234B

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 ()

271(1)c) of the Act be dropped. 9. The Ld. CIT (A) has erred upholding th The Ld. CIT (A) has erred upholding the action of AO in levying e action of AO in levying interest u/s 234A of the Act of Rs. 47,630/ interest u/s 234A of the Act of Rs. 47,630/-, u/s 234B

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 ()

271(1)c) of the Act be dropped. 9. The Ld. CIT (A) has erred upholding th The Ld. CIT (A) has erred upholding the action of AO in levying e action of AO in levying interest u/s 234A of the Act of Rs. 47,630/ interest u/s 234A of the Act of Rs. 47,630/-, u/s 234B

HELIOS MERCANTILE LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

penalty u/s 271AAB(1A) in\nthe instant case where no additions were made and, in a\nyear, where the section was non- existent.\n0. In the case of Citron Infraprojects Ltd, for AY 2012-13 to\nAY 2018-19, the approval number granted by the Addl.\nCIT has not been mentioned in the Assessment Orders.\np. In the case

HELIOS MERCANTILE LIMITED ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-6(1), MUMBAI

penalty u/s 271AAB(1A) in\nthe instant case where no additions were made and, in a\nyear, where the section was non- existent.\n0. In the case of Citron Infraprojects Ltd, for AY 2012-13 to\nAY 2018-19, the approval number granted by the Addl.\nCIT has not been mentioned in the Assessment Orders.\np. In the case

ESSEL MINING & INDUSTRIES LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

In the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2011-12 & Assessment Year: 2012-13 Essel Mining & Industries Ltd., Dy. Cit, Central Circle-1(4), Industry House, 18Th Floor, 10, 9Th Floor, Old Cgo Building, Camac Street, Vs. Mk Road, Kolkata-700017. Mumbai-400020. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 & Assessment Year: 2012-13 Jcit, Central Circle-1(4), M/S Essel Mining & Industries Room No. 902, Pratishtha Ltd., Bhavan, 9Th Floor, Old Cgo Vs. Industry House, 18Th Floor, 10, Building Annexe, Camac Street, Mumbai-400020. Kolkata-700017. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 M/S Essel Mining & Industries Dy. Cit, Central Circle-1(4), Ltd., 9Th Floor, Old Cgo Building, Vs. Industry House, 18Th Floor, 10, Mk Road

132A of of the the Act Act stand stand abated abated and and not not the the assessment/reassessments already finalized for those assessment/reassessments already finalized for those assessment/reassessments already finalized for those assessment years covered under Section 153A of the assessment years covered under Section 153A of the assessment years covered under Section 153A of the Act. By a circular

ESSEL MINING & INDUSTRIES LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - CENTRAL CIRCLE 1(4), MUMBAI

In the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2011-12 & Assessment Year: 2012-13 Essel Mining & Industries Ltd., Dy. Cit, Central Circle-1(4), Industry House, 18Th Floor, 10, 9Th Floor, Old Cgo Building, Camac Street, Vs. Mk Road, Kolkata-700017. Mumbai-400020. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 & Assessment Year: 2012-13 Jcit, Central Circle-1(4), M/S Essel Mining & Industries Room No. 902, Pratishtha Ltd., Bhavan, 9Th Floor, Old Cgo Vs. Industry House, 18Th Floor, 10, Building Annexe, Camac Street, Mumbai-400020. Kolkata-700017. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 M/S Essel Mining & Industries Dy. Cit, Central Circle-1(4), Ltd., 9Th Floor, Old Cgo Building, Vs. Industry House, 18Th Floor, 10, Mk Road

132A of of the the Act Act stand stand abated abated and and not not the the assessment/reassessments already finalized for those assessment/reassessments already finalized for those assessment/reassessments already finalized for those assessment years covered under Section 153A of the assessment years covered under Section 153A of the assessment years covered under Section 153A of the Act. By a circular

SUJATA PRAMOD DALVI,THANE vs. DCIT CC, THANE

penalty u/s 271(l)(c) even though no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional grounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the appellant seeks to raise the following additional legal ground of appeal

SHRIVALLABH PITTE INDUSTRIES LTD MUMBAI,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1),MUMBAI, MUMBAI

penalty u/s 271AAB(1A) in\nthe instant case where no additions were made and, in a\nyear, where the section was non- existent.\n0.\nIn the case of Citron Infraprojects Ltd, for AY 2012-13 to\nAY 2018-19, the approval number granted by the Addl.\nCIT has not been mentioned in the Assessment Orders.\np.\nIn the case

ASST CIT 25(2), MUMBAI vs. PRATIKSHA SHAH, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

penalty u/s 271(1)(c) of the Income Tax Act, 1961 (hereinafter the Act) has been challenged. First, we shall take up the appeal of the assessee for Assessment Year 2005-06 (ITA No.1422/Mum/2010), wherein, the assessee has filed application under Rule 11 of the Appellate Tribunal Rules ITA Nos. 1422 & 1423/Mum/2010, Smt. Pratiksha Shah 1963 by placing reliance upon

ACIT 25(2), MUMBAI vs. PRATIKSHA B SHAH, MUMBAI

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

penalty u/s 271(1)(c) of the Income Tax Act, 1961 (hereinafter the Act) has been challenged. First, we shall take up the appeal of the assessee for Assessment Year 2005-06 (ITA No.1422/Mum/2010), wherein, the assessee has filed application under Rule 11 of the Appellate Tribunal Rules ITA Nos. 1422 & 1423/Mum/2010, Smt. Pratiksha Shah 1963 by placing reliance upon

ACIT CENT. CIR -7(1) , MUMBAI vs. DR. D.Y.PATIL EDUCATION SOCIETY , MUMBAI

In the result, the appeal filed by the revenue is dismissed and appeal filed by the assessee as well as CO are allowed

Bench: Shri Aby T. Varkey, Jm & Shri Amarjit Singh, Am आयकर अपील सं/ I.T.A. No. 2298/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2016-17) & आयकर अपील सं/ I.T.A. No. 2299/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2017-18) Acit, Cc-7(1) बिधम/ Dr. D. Y. Patil Education R. No. 676B, 6Th Floor, Society Vs. Aayakar Bhavan, M. K. 869, E, Ward, Kasaba Road, Mumbai-400020. Vawada, Kolhapur-416006. & आयकर अपील सं/ I.T.A. No. 1957/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2017-18) बिधम/ Dr. D. Y. Patil Education Dcit, Central Circle-7(1) 6Th Floor, Aayakar Bhavan, M. Society Vs. 869, E, Ward, Kasaba K. Road, Mumbai-400020. Vawada, Kolhapur-416006. Cross Objection No. 63/Mum/2022 Arising Out Of I.T.A. No.2298/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2016-17) बिधम/ Dr. D. Y. Patil Education Acit, Cc-7(1) R. No. 676B, 6Th Floor, Society Vs. 869, E, Ward, Kasaba Aayakar Bhavan, M. K. Road, Vawada, Kolhapur-416006. Mumbai-400020. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatd8919M (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Revenue By: Smt. Riddhi Mishra (Dr)/Smt. Mahita Nair Assessee By: Shri Dharmesh Shah/Dhaval Shah सुनवाई की तारीख / Date Of Hearing: 19/01/2023 घोषणा की तारीख /Date Of Pronouncement: 29/03/2023

132A of the Act, it is found that any seized material /asset belongs to/ pertains to any person other than the person searched u/s 153A of the Act, then the AO of the searched person shall first segregate the seized material/ asset of the other person (third party - the assessee in this case) from that of the searched person