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 ()

section 153A of the Act, the AO did not make any separate additions did not make any separate additions, but issued did not make any separate additions eedings u/s 271(1)(c) of the Act for furnishing the penalty

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 ()

section 153A of the Act, the AO did not make any separate additions did not make any separate additions, but issued did not make any separate additions eedings u/s 271(1)(c) of the Act for furnishing the penalty

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

u/s 80IA and u/s 10B of the Act on claim of deduction u/s 80IA and u/s 10B of the Act on claim of deduction u/s 80IA and u/s 10B of the Act – Rs 2,62,53,000/ Rs 2,62,53,000/- We find that this is only concerned with workin We find that this is only concerned with workin

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

u/s 80IA and u/s 10B of the Act on claim of deduction u/s 80IA and u/s 10B of the Act on claim of deduction u/s 80IA and u/s 10B of the Act – Rs 2,62,53,000/ Rs 2,62,53,000/- We find that this is only concerned with workin We find that this is only concerned with workin

DCIT, CC-7(1), MUMBAI vs. M/S MANEESH PHARMACEUTICALS LTD., MUMBAI

u/s 274 r.w.s. 271(1)(c) issued before passing the impugned order levying the penalty.” 3. The relevant facts, in brief, are that assessment under Section 143(3) read with Section 153A

DCIT CENTRAL CIRCLE-2(4) , MUMBAI vs. RONAK GEMS PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is allowed for statistical

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2017-18 Dcit Central Circle- 2(4) M/S Ronak Gems Pvt Ltd Room No. 802, 8Th Floor, 311, Mehta Bhavan, Shop No. Vs. Prathishtha Bhavan, M.K. 5, Opp. Charni Road, Road Churchgate, Mumbai- 400 004 Mumbai- 400020 Pan No. Aabcr 7550 G Appellant Respondent Assessee By : Mr. Nishit Gandhi, Ms. Madhuri Tambe & Aishwarya Wanikar Revenue By : Smt. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 09/11/2023 Date Of Pronouncement : 15/11/2023

u/s 153A of the order. We find in the case of Peter Vaz . We find in the case of Peter Vaz v/s CIT (2016) 436 ITR 616(Bombay) before the Hon’ble Bombay v/s CIT (2016) 436 ITR 616(Bombay) before the Hon’ble Bombay v/s CIT (2016) 436 ITR 616(Bombay) before the Hon’ble Bombay High Court question

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

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

section 153A\nof the Act, the AO did not make any separate additions, but issued\nthe penalty proceedings u/s 271

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

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

section 153A\nof the Act, the AO did not make any separate additions, but issued\nthe penalty proceedings u/s 271

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 ()

153A of the Income-tax Act, 1961 (in short ‘the Act’) was completed on tax Act, 1961 (in short ‘the Act’) was completed on tax Act, 1961 (in short ‘the Act’) was completed on 28.12.2017 assessing the total income at Rs.155,13,50,398/-. 28.12.2017 assessing the total income at Rs.155,13,50,398/ 28.12.2017 assessing the total income

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 ()

153A of the Income-tax Act, 1961 (in short ‘the Act’) was completed on tax Act, 1961 (in short ‘the Act’) was completed on tax Act, 1961 (in short ‘the Act’) was completed on 28.12.2017 assessing the total income at Rs.155,13,50,398/-. 28.12.2017 assessing the total income at Rs.155,13,50,398/ 28.12.2017 assessing the total income

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

section 153A\nof the Act, the AO did not make any separate additions, but issued\nthe penalty proceedings u/s 271

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. ITO CENTRAL CIRCLE 5(2), MUMBAI

In the result, all the five appeals of the assessee are partly allowed

153A were issued. The assessee filed return declaring income of Rs.78,98,470/- on 16.01.2017 in response to this notice. During the course of the assessment, the Ld. AO observed that several immovable properties appeared in the balance sheet of the assessee. However, notional income on the same was not declared in the return of income. Accordingly

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

penalty u/s 271(1)(c) of the Act on estimated addition and addition was declared in return U/s 153A of the Act. The Ld. AR argued that addition was confirmed related to disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT -CENTRAL CIRCLE -1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

penalty u/s 271(1)(c) of the Act on estimated addition and addition was declared in return U/s 153A of the Act. The Ld. AR argued that addition was confirmed related to disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

penalty u/s 271(1)(c) of the Act on estimated addition and addition was declared in return U/s 153A of the Act. The Ld. AR argued that addition was confirmed related to disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

penalty u/s 271(1)(c) of the Act on estimated addition and addition was declared in return U/s 153A of the Act. The Ld. AR argued that addition was confirmed related to disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD ,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

penalty u/s 271(1)(c) of the Act on estimated addition and addition was declared in return U/s 153A of the Act. The Ld. AR argued that addition was confirmed related to disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

penalty u/s 271(1)(c) of the Act on estimated addition and addition was declared in return U/s 153A of the Act. The Ld. AR argued that addition was confirmed related to disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section