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

201 (Delhi) wherein penalty for concealment\non notional income has been upheld.\n8.\nWe have considered the rival submissions and perused the material\nplaced before us. With regard to the submissions of the Ld. DR, we find that the\ndecision of the Hon'ble Delhi High Court in the case of PSB Industries India Pvt.\nLtd. v/s CIT (supra

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

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

201 (Delhi) wherein penalty for concealment\non notional income has been upheld.\n8. We have considered the rival submissions and perused the material\nplaced before us. With regard to the submissions of the Ld. DR, we find that the\ndecision of the Hon'ble Delhi High Court in the case of PSB Industries India Pvt.\nLtd. v/s CIT (supra

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

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

201 (Delhi) wherein penalty for concealment\non notional income has been upheld.\n8.\nWe have considered the rival submissions and perused the material\nplaced before us. With regard to the submissions of the Ld. DR, we find that the\ndecision of the Hon'ble Delhi High Court in the case of PSB Industries India Pvt.\nLtd. v/s CIT (supra

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

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

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

penalty initiated by the Ld AO u/s. 271(1)(c) of the IT Act 1961 and the rea Act 1961 and the reason assigned for doing so are son assigned for doing so are wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision of Income Tax Act wrong and contrary to the provision

VIRMABHAI AJABAJI PATEL,MUMBAI vs. ITO 19(3)(5), MUMBAI, MUMBAI

In the result, the appeal is accordingly allowed in the above terms

Bench: Om Prakash Kant & Shri Raj Kumar Chauhanvirmabhai Ajabbaji Patel Vs. Ito – 19(3)(5) Room No. 201, Matru 156, Room No. 6, Mistry Mandir Bldg, Tardeo Bldg, 2Nd Kumbharwala Road, Mumbai. (Vijesh Metal) – 400004. Pan/Gir No. Agkpp3389B (Applicant) (Respondent)

201, matru 156, Room No. 6, Mistry Mandir Bldg, Tardeo Bldg, 2nd Kumbharwala Road, Mumbai. (Vijesh Metal) – 400004. PAN/GIR No. AGKPP3389B (Applicant) (Respondent) Assessee by Mr. Nirav Shah Revenue by Smt. Kavita P. Kaushik, Sr. AR Date of Hearing 21.04.2025 Date of Pronouncement 30.04.2025 आदेश / ORDER PER RAJ KUMAR CHAUHAN, JM: This appeal is directed against the order dated

ASSISTANT COMMISSIONER OF INCOME TAX, MUMBAI vs. NEVALES NETWORKS PRIVATE LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Vikram Singh Yadav & Shri Sandeep Singh Karhailassessment Year : 2013-14 Dcit, Circle-14(1)(1), M/S. Nevales Networks Pvt. Ltd., Room No. 432, 4Th Floor, The Capital, Aayakar Bhavan, Vs. Level 7, Plot-C70, M.K.Road, G Block, Mumbai-400020. Bandra Kurla Complex, Bandra (East), Mumbai-400051. Pan : Aadcn1748A (Appellant) (Respondent) Assessee By : Shri Piyush Chhajed Revenue By : Shri Leyaqat Ali Aafaqui

u/s. 28-03-2016 issued by the AO and has returned a finding that the notice so issued to the assessee doesn‟t specify as to which limb of section 271(1)(c) of the Act, the penalty proceedings have been initiated, whether for concealment of particulars of income or for furnishing of inaccurate particulars of income and thereafter

SCHOTT GLASS INDIA P.LTD,MUMBAI vs. ITO 8(3)(1), MUMBAI

In the result, ITA 7356/Mum/2014 of the appeals of the assessee are allowed for statistical purpose and ITA No

Bench: Shri Narender Kumar Choudhry & Shri Amarjit Singhschott Glass India Private Vs. Income Tax Officer 8(3)-1 Limited, Dynasty “A” Wing Room No. 201, Aayakar 303/304, 3Rd Floor, Bhavan, M.K. Road, Andheri Kurla Road, Mumbai – 400020 Andheri (E) Mumbai – 400 059 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aadcs8583L Appellant .. Respondent Schott Glass India Private Vs. Deputy Commissioner Of Limited, Dynasty “A” Wing Income Tax 8(3) 303/304, 3Rd Floor, Room No. 204, Aayakar Andheri Kurla Road, Bhavan, M.K. Road, Andheri (E) Mumbai – 400020 Mumbai – 400 059 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aadcs8583L Appellant .. Respondent Appellant By : Ketan Ved Respondent By : Mahesh Jiwade Date Of Hearing 12.12.2023 Date Of Pronouncement 24.01.2024 आदेश / O R D E R Per Amarjit Singh (Am): Both These Appeals Filed By The Assessee Are Directed Agasint The Different Orders Of Ld. Cit(A)-15, Mumbai. Since Both These Appeals

201, Aayakar 303/304, 3rd Floor, Bhavan, M.K. Road, Andheri Kurla Road, Mumbai – 400020 Andheri (E) Mumbai – 400 059 स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AADCS8583L Appellant .. Respondent Schott Glass India Private Vs. Deputy Commissioner of Limited, Dynasty “A” Wing Income Tax 8(3) 303/304, 3rd Floor, Room No. 204, Aayakar Andheri Kurla Road, Bhavan, M.K. Road, Andheri (E) Mumbai

SCHOTT GLASS INDIA PVT. LTD.,MUMBAI vs. D.C.I.T. CIRCLE 8(3), MUMBAI

In the result, ITA 7356/Mum/2014 of the appeals of the assessee are allowed for statistical purpose and ITA No

Bench: Shri Narender Kumar Choudhry & Shri Amarjit Singhschott Glass India Private Vs. Income Tax Officer 8(3)-1 Limited, Dynasty “A” Wing Room No. 201, Aayakar 303/304, 3Rd Floor, Bhavan, M.K. Road, Andheri Kurla Road, Mumbai – 400020 Andheri (E) Mumbai – 400 059 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aadcs8583L Appellant .. Respondent Schott Glass India Private Vs. Deputy Commissioner Of Limited, Dynasty “A” Wing Income Tax 8(3) 303/304, 3Rd Floor, Room No. 204, Aayakar Andheri Kurla Road, Bhavan, M.K. Road, Andheri (E) Mumbai – 400020 Mumbai – 400 059 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aadcs8583L Appellant .. Respondent Appellant By : Ketan Ved Respondent By : Mahesh Jiwade Date Of Hearing 12.12.2023 Date Of Pronouncement 24.01.2024 आदेश / O R D E R Per Amarjit Singh (Am): Both These Appeals Filed By The Assessee Are Directed Agasint The Different Orders Of Ld. Cit(A)-15, Mumbai. Since Both These Appeals

201, Aayakar 303/304, 3rd Floor, Bhavan, M.K. Road, Andheri Kurla Road, Mumbai – 400020 Andheri (E) Mumbai – 400 059 स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AADCS8583L Appellant .. Respondent Schott Glass India Private Vs. Deputy Commissioner of Limited, Dynasty “A” Wing Income Tax 8(3) 303/304, 3rd Floor, Room No. 204, Aayakar Andheri Kurla Road, Bhavan, M.K. Road, Andheri (E) Mumbai

HDFC BANK LIMITED (AS SUCCESSOR TO HOUSING DEVELOPMENT FINANCE CORPORATION LTD),MUMBAI vs. DCIT RG 1(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

u/s. 36(1)(viii). 15. This issue arises in the following appeals: Assessment year Ground No. in Ground No. in Assessee's appeal Revenue's appeal 2004-05 - 2 2006-07 - 3 2007-08 - 3 15.1. On this issue, ld. Assessing Officer noted that assessee had withdrawn a sum of Rs.50 Crores from Special Reserve No. 1 towards “provisions

ADDL CIT RG 1(1), MUMBAI vs. HDFC LTD, MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

u/s. 36(1)(viii). 15. This issue arises in the following appeals: Assessment year Ground No. in Ground No. in Assessee's appeal Revenue's appeal 2004-05 - 2 2006-07 - 3 2007-08 - 3 15.1. On this issue, ld. Assessing Officer noted that assessee had withdrawn a sum of Rs.50 Crores from Special Reserve No. 1 towards “provisions

HDFC BANK LIMITED (AS SUCCESSOR TO HOUSING DEVELOPMENT FINANCE CORPORATION LTD),MUMBAI vs. ADDL CIT RG 1(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

u/s. 36(1)(viii). 15. This issue arises in the following appeals: Assessment year Ground No. in Ground No. in Assessee's appeal Revenue's appeal 2004-05 - 2 2006-07 - 3 2007-08 - 3 15.1. On this issue, ld. Assessing Officer noted that assessee had withdrawn a sum of Rs.50 Crores from Special Reserve No. 1 towards “provisions

HDFC BANK LIMITED (AS SUCCESSOR TO HOUSING DEVELOPMENT FINANCE CORPORATION LTD),MUMBAI vs. DCIT 1(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

u/s. 36(1)(viii). 15. This issue arises in the following appeals: Assessment year Ground No. in Ground No. in Assessee's appeal Revenue's appeal 2004-05 - 2 2006-07 - 3 2007-08 - 3 15.1. On this issue, ld. Assessing Officer noted that assessee had withdrawn a sum of Rs.50 Crores from Special Reserve No. 1 towards “provisions