PEARL BIOFUEL P LTD.,MUMBAI vs. INCOME TAX OFFICER-5(2)(4), MUMBAI

Bench: Shri Om Prakash Kant & Shri Narender Kumar Choudhrypearl Biofuel Pvt. Ltd. 601, 6Th Floor, Western Palace, Link Road, Mumbai-400092. Pan: Aaagcp4845H ...... Appellant

u/s. 69B Rs. 7,49,95,752/- and consequently initiated the penalty proceedings under section 271(1)(c) of the Income

DY. COMMISSIONER OF INCOME TAX, CIR 1(3)(1), INCOME TAX DEPARTMENT vs. SKATE TRADES AND AGENCIES PRIVATE LIMITED , RAICHUR STREET MUMBAI

In the result, the appeal of the assessee is dismissed

Bench: Shri Narendra Kumar Billaiyashri Sandeep Singh Karhaildy. Commissioner Of Income Tax, Circle-1(3)(1), Room No.535, Aayakar Bhawan, M.K. Road, Churchgate ............... Appellant Mumbai - 400020

u/s 115BBE was 30%+3% Cess as on first day of the Previous-Year i.e. 01.04.2016, therefore the tax- rate of 30%+3% Cess shall apply to the present case and not the higher rate, hence the assessment-order does not cause prejudice to the interest of revenue. The reason of projecting such a claim by assessee is that

RAJKUMAR LAHORI SHAH SAHANI,MUMBAI vs. ITO 24(3)(5), MUMBAI

In the result, the appeal of the assessee bearing ITA 3220/Mum/2024 is allowed for statistical purpose

Bench: Shri Anikesh Banerjee & Shri Omkareshwar Chidara

69B as unexplained investments of Rs. 1,00,00,000/- without considering the submissions made by the appellant. Such disallowance is bad in law and liable to be deleted. 6) Ground No. 6: Denial of benefits of deduction u/s 80 & exemption u/s 10 and u/s 17 On facts and circumstances, Ld. CIT(A) has erred in not allowing benefit

SHITAL DHORDA,MUMBAI vs. ITO-22(3)(1), MUMBAI

In the result the appeal filed by the assessee stands allowed

Bench: Shri Sandeep Gosainvs. Ito – 22(3)(3) Shital Dhorda 408, Piramal Chambers 1002, 10Th Floor, Lalbaug, Mumbai – Vibgyor, S.V. Road, 400012. Santacruz (W), Mumbai – 400054. Pan/Gir No. Ajvpd0456H (Applicant) (Respondent) Assessee By Shri Snehal Shah Revenue By Shir Vithal Machindra Bhosale, Sr. Dr सुनवाई क" तारीख/Date Of Hearing 16.12.2024 घोषणा क" तारीख/Date Of Pronouncement 14.01.2025 आदेश / Order Per Sandeep Gosain, Jm: The Present Appeal Has Been Filed By The Assessee Challenging The Impugned Order Dated 04.07.2023, Passed U/S 250 Of The Income Tax Act, 1961 (‘The Act’), By The Learned Commissioner Of Income Tax (Appeals) / National Faceless Appeal Centre, Delhi (‘Ld. Cit(A)’), For The Assessment Year 2012-13. The Assessee Has Raised The Following Grounds Of Appeal:

section 148 of the Act without any 'reason to believe' that income has escaped assessment and has proceeded on an erroneous assumption that the Appellant has entered into "On Money" payments by buyers/ prospective buyers with Kamala Group against whom the Appellant was neither provided any opportunity to cross examine the person/s who had given statement on oath