EUREKA OUTSOURCING SOLUTIONS PVT LTD,THANE vs. DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE (1), THANE

In the result, the appeal filed by the assessee is allowed

Bench: Shri S Rifaur Rahman, Am & Ms. Kavitha Rajagopal, Jm Eureka Outsourcing Solutions Pvt. Ltd. Dy. Cit, Circle (1) 5Th Floor, High Street Cum Highland Thane Corporate Centre, Kapurbawadi, Vs. Thane-400 607

197 for ‘nil’ or lower deduction of TDS, depreciation claimed at higher rate/higher additional depreciation claimed, low income shown by large contractors, mismatch in sales turnover reported in audit report and ITR and mismatch in amount paid to related persons u/s. 40A(2)(b) reported in the audit report and ITR”. The ld. A.O. vide order dated 06.12.2017 passed

ASST CIT CC 38, MUMBAI vs. UNIPHOS ENTERPRISES LTD, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

UNIPHOS ENTERPRISES LTD ( FORMERLY KNOWN AS UNITED PHOSPHORUS LTD),MUMBAI vs. ADDL CIT CEN RG IX, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

M/S. UNITED PHOSPHORUS LTD(NOW KNOWN AS UNIPHOS ENTERPRISES LTD),MUMBAI vs. THE DCIT CEN CIR-38, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

ADDL CIT CEN RG IX, MUMBAI vs. UNIPHOS ENTERPRISES LTD ( FORMLERY KNOWN AS UNITED PHOSPHORUS LTD), MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

THE ACIT CC-38, MUMBAI vs. M/S. UNITED PHOSPHOROUS LTD, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

ITO, WARD-1(2), MUMBAI vs. MEHUL INDUKUMAR PAREKH, MUMBAI

In the result, appeals of the revenue are dismissed

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

197/- for the A.Ys. 2009-10, 2010-11 and 2011-12 respectively. (A.Ys: 2009-10, 2010-11 & 2011-12) Shri Mehul Indukumar Parekh While completing the reassessments the Assessing Officer treated purchases of ₹.2,63,898/-, ₹.21,07,189/- and ₹.90,67,990/- made from various dealers as non-genuine for the A.Ys

ITO, WARD-1(2), MUMBAI vs. MEHUL INDUKUMAR PAREKH, MUMBAI

In the result, appeals of the revenue are dismissed

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

197/- for the A.Ys. 2009-10, 2010-11 and 2011-12 respectively. (A.Ys: 2009-10, 2010-11 & 2011-12) Shri Mehul Indukumar Parekh While completing the reassessments the Assessing Officer treated purchases of ₹.2,63,898/-, ₹.21,07,189/- and ₹.90,67,990/- made from various dealers as non-genuine for the A.Ys

ITO, WARD-1(2), MUMBAI vs. MEHUL INDUKUMAR PAREKH, MUMBAI

In the result, appeals of the revenue are dismissed

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

197/- for the A.Ys. 2009-10, 2010-11 and 2011-12 respectively. (A.Ys: 2009-10, 2010-11 & 2011-12) Shri Mehul Indukumar Parekh While completing the reassessments the Assessing Officer treated purchases of ₹.2,63,898/-, ₹.21,07,189/- and ₹.90,67,990/- made from various dealers as non-genuine for the A.Ys

PARAG M. SANGHVI,MUMBAI vs. DCIT CEN CIR 38, MUMBAI

The appeals of the assessee are allowed

Bench: Shri Joginder Singh & Shri Ashwani Taneja

197/- for A.Y. 2003-04 and Rs. 3,57,520/- for A.Y. 2007-08. The assessment was made u/s. 143(3) r.w. Sec. 153A by order dt. 22.12.2009 wherein the returned income of the assessee was accepted as the assessed income. 3.2. The Assessing Officer initiated penalty proceedings u/s. 271(1)(c) of the Act for not filing the return

PARAG M. SANGHVI,MUMBAI vs. DCIT CEN CIR 38, MUMBAI

The appeals of the assessee are allowed

Bench: Shri Joginder Singh & Shri Ashwani Taneja

197/- for A.Y. 2003-04 and Rs. 3,57,520/- for A.Y. 2007-08. The assessment was made u/s. 143(3) r.w. Sec. 153A by order dt. 22.12.2009 wherein the returned income of the assessee was accepted as the assessed income. 3.2. The Assessing Officer initiated penalty proceedings u/s. 271(1)(c) of the Act for not filing the return

VIDYASAGAR MAHAVIR PRASAD SAH,MUMBAI vs. ADCIT 23(3), MUMBAI

In the result, the appeal filed by the assessee is hereby ordered to be allowed

Bench: Shri Pramod Kumar, Vp & Shri Amarjit Singh, Jm आयकर अपील सं/ I.T.A. No. 2460/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Vidyasagar Mahavir Prasad बिधम/ Adcit 23(3) 104, 1St Floor, Matru Mandir, Sah Vs. 22 A Band Stand Society Tardeo Rd, Mumbai-400007. 197-C, Kane Rd Bandra (W), Mumbai-400050. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aafps5412H (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee By: Shri Madhur Aggarwal (Dr) Revenue By: Shri Padma Ram Mirdha (Dr) सुनवाई की तारीख / Date Of Hearing: 03/02/2020 घोषणा की तारीख /Date Of Pronouncement: 24/ 08/2020 आदेश / O R D E R Per Amarjit Singh, Jm: The Assessee Has Filed The Present Appeal Against The Order Dated 21.02.2018 Passed By The Commissioner Of Income Tax (Appeals)-34, Mumbai [Hereinafter Referred To As The “Cit(A)”] Relevant To The A.Y. 2012-13 In Which The Penalty Levied By The Ao Has Been Ordered To Be Confirmed.

197-C, Kane Rd Bandra (W), Mumbai-400050. स्थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAFPS5412H (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee by: Shri Madhur Aggarwal (DR) Revenue by: Shri Padma Ram Mirdha (DR) सुनवाई की तारीख / Date of Hearing: 03/02/2020 घोषणा की तारीख /Date of Pronouncement: 24/ 08/2020 आदेश / O R D E R PER AMARJIT SINGH, JM: The assessee

UNIPHOS ENTERPRISES LTD,MUMBAI vs. ADDL CIT CEN RG IX, MUMBAI

In the result, the appeal of assessee is allowed

penalty levied u/s 271(1)(c))\nACIT, CC-38, Room no.\nVs.\nM/s. United Phosphorous Ltd.\n32(1), Ayakar Bhavan,\nUniphos House, Madhu Park,\nMaharishi Karve Rd.,\n11th Road, Khar (W), Mumbai.\nMumbai-400020.\nPAN: AAACU 3440 P\n(Appellant)\n(Respondent)\nAssessee by\nMs. Vasanti Patel Advocate\nRevenue by\nShri. Kiran Unavekar, Sr. DR\nDate of Hearing\n18/03/2025\nDate

M/S. BAJAJ AUTO LTD.,MUMBAI vs. THE DY CIT CIR 3(1), MUMBAI

In the result, the appeals filed by the assesse are partly allowed and the appeals filed by the revenue are dismissed

Bench: Aby T Varkey & Shri Amarjit Singh

271(1)(c) has been deleted on all the issued, therefore, this Cross Objection filed by the assessee has become infructuous the same stand dismissed. Ground No. 1: Taxability on surplus on redemption of securities as Capital Gains Rs.1,94,19,926:- 70. Since the facts and the issue involved in this ground of appeal is similar to the facts

THE DCIT 3(1), MUMBAI vs. M/S. BAJAJAJ AUTO LTD., MUMBAI

In the result, the appeals filed by the assesse are partly allowed and the appeals filed by the revenue are dismissed

Bench: Aby T Varkey & Shri Amarjit Singh

271(1)(c) has been deleted on all the issued, therefore, this Cross Objection filed by the assessee has become infructuous the same stand dismissed. Ground No. 1: Taxability on surplus on redemption of securities as Capital Gains Rs.1,94,19,926:- 70. Since the facts and the issue involved in this ground of appeal is similar to the facts

M/S. BAJAJ AUTO LTD.,MUMBAI vs. THE DY CIT RG 3(1), MUMBAI

In the result, the appeals filed by the assesse are partly allowed and the appeals filed by the revenue are dismissed

Bench: Aby T Varkey & Shri Amarjit Singh

271(1)(c) has been deleted on all the issued, therefore, this Cross Objection filed by the assessee has become infructuous the same stand dismissed. Ground No. 1: Taxability on surplus on redemption of securities as Capital Gains Rs.1,94,19,926:- 70. Since the facts and the issue involved in this ground of appeal is similar to the facts

THE DY CIT RG 3(1), MUMBAI vs. M/S. BAJAJ AUTO LTD, MUMBAI

In the result, the appeals filed by the assesse are partly allowed and the appeals filed by the revenue are dismissed

Bench: Aby T Varkey & Shri Amarjit Singh

271(1)(c) has been deleted on all the issued, therefore, this Cross Objection filed by the assessee has become infructuous the same stand dismissed. Ground No. 1: Taxability on surplus on redemption of securities as Capital Gains Rs.1,94,19,926:- 70. Since the facts and the issue involved in this ground of appeal is similar to the facts

DCIT CIR - 3(1), MUMBAI vs. M/S. BAJAJ AUTO LTD., MUMBAI

In the result, the appeals filed by the assesse are partly allowed and the appeals filed by the revenue are dismissed

Bench: Aby T Varkey & Shri Amarjit Singh

271(1)(c) has been deleted on all the issued, therefore, this Cross Objection filed by the assessee has become infructuous the same stand dismissed. Ground No. 1: Taxability on surplus on redemption of securities as Capital Gains Rs.1,94,19,926:- 70. Since the facts and the issue involved in this ground of appeal is similar to the facts