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 ()

undisclosed income before the date of the search. before the date of the search. The Swaran Nadhan Salaria ITA No. 1049, 1050, 1051, 1052, 1053, 1054/MUM/2025 assessee in the return of income filed in response to notice under assessee in the return of income filed in response to notice under assessee in the return of income filed in response

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 ()

undisclosed income before the date of the search. before the date of the search. The Swaran Nadhan Salaria ITA No. 1049, 1050, 1051, 1052, 1053, 1054/MUM/2025 assessee in the return of income filed in response to notice under assessee in the return of income filed in response to notice under assessee in the return of income filed in response

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

undisclosed income of Rs.1,98,000 determined by AO and further erred in levying penalty u/s 271(1)(c) in respect

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

In the result, all three appeals of the assessee are allowed

Bench: Shri Rahul Chaudhary & Smt. Renu Jauhriआयकर अपील सं./Ita No. 246/Mum/2025 (निर्धारण वर्ा / Assessment Year :2014-15) आयकर अपील सं./Ita No. 247/Mum/2025 (निर्धारण वर्ा / Assessment Year :2015-16) आयकर अपील सं./Ita No. 248/Mum/2025 (निर्धारण वर्ा / Assessment Year :2016-17) Raju Mohan Gurnani V/S. Ito, Central Circle 5(2) बिधम Flat No. 2101, Moraj Casa Room No. 427, 4Th Floor, Grande, Plot No. 57, Sector Kautilya Bhavan, Bandra 17, Koperkhairne Kurla Complex, Bandra Maharashtra-410209 East, Maharashtra-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpg9103B Appellant/अपीलधर्थी .. Respondent/प्रनिवधदी निर्ााररती की ओर से /Assessee By: None रधजस्व की ओर से /Revenue By: Shri R. R. Makwana

u/s 271(1)(c) of the Act by Ld. CIT(A) vide order dated 28.11.2024. A penalty of Rs. 24,11,180/- was imposed by the Ld. AO vide order dated 02.03.2022 in respect of the undisclosed notional income

RAJU MOHAN GURNANI,NAVI MUMBAI vs. INCOME TAX OFFICER, CENTRAL CIRCLE 5(2), MUMBAI

In the result, all three appeals of the assessee are allowed

Bench: Shri Rahul Chaudhary & Smt. Renu Jauhriआयकर अपील सं./Ita No. 246/Mum/2025 (निर्धारण वर्ा / Assessment Year :2014-15) आयकर अपील सं./Ita No. 247/Mum/2025 (निर्धारण वर्ा / Assessment Year :2015-16) आयकर अपील सं./Ita No. 248/Mum/2025 (निर्धारण वर्ा / Assessment Year :2016-17) Raju Mohan Gurnani V/S. Ito, Central Circle 5(2) बिधम Flat No. 2101, Moraj Casa Room No. 427, 4Th Floor, Grande, Plot No. 57, Sector Kautilya Bhavan, Bandra 17, Koperkhairne Kurla Complex, Bandra Maharashtra-410209 East, Maharashtra-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpg9103B Appellant/अपीलधर्थी .. Respondent/प्रनिवधदी निर्ााररती की ओर से /Assessee By: None रधजस्व की ओर से /Revenue By: Shri R. R. Makwana

u/s 271(1)(c) of the Act by Ld. CIT(A) vide order dated 28.11.2024. A penalty of Rs. 24,11,180/- was imposed by the Ld. AO vide order dated 02.03.2022 in respect of the undisclosed notional income

RAJU MOHAN GURNANI,NAVI MUMBAI vs. INCOME TAX OFFICER, CENTRAL CIRCLE 5(2), MUMBAI

In the result, all three appeals of the assessee are allowed

Bench: Shri Rahul Chaudhary & Smt. Renu Jauhriआयकर अपील सं./Ita No. 246/Mum/2025 (निर्धारण वर्ा / Assessment Year :2014-15) आयकर अपील सं./Ita No. 247/Mum/2025 (निर्धारण वर्ा / Assessment Year :2015-16) आयकर अपील सं./Ita No. 248/Mum/2025 (निर्धारण वर्ा / Assessment Year :2016-17) Raju Mohan Gurnani V/S. Ito, Central Circle 5(2) बिधम Flat No. 2101, Moraj Casa Room No. 427, 4Th Floor, Grande, Plot No. 57, Sector Kautilya Bhavan, Bandra 17, Koperkhairne Kurla Complex, Bandra Maharashtra-410209 East, Maharashtra-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpg9103B Appellant/अपीलधर्थी .. Respondent/प्रनिवधदी निर्ााररती की ओर से /Assessee By: None रधजस्व की ओर से /Revenue By: Shri R. R. Makwana

u/s 271(1)(c) of the Act by Ld. CIT(A) vide order dated 28.11.2024. A penalty of Rs. 24,11,180/- was imposed by the Ld. AO vide order dated 02.03.2022 in respect of the undisclosed notional income

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

undisclosed income before the date of the search. The\nassessee in the return of income filed in response to notice under\nsection 153A of the Act made variation in total income as compared\nto the original return of income filed. But detail of variation has not\nbeen mentioned by the AO in impugned assessment order. The AO\nhas simply stated

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

undisclosed income before the date of the search. The\nassessee in the return of income filed in response to notice under\nsection 153A of the Act made variation in total income as compared\nto the original return of income filed. But detail of variation has not\nbeen mentioned by the AO in impugned assessment order. The AO\nhas simply stated

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

undisclosed income of Rs.\n1,98,000 determined by AO and further erred in levying penalty u/s 271(1)(c)\nin respect

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

undisclosed income of Rs.\n1,98,000 determined by AO and further erred in levying penalty u/s 271(1)(c)\nin respect

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

undisclosed income of Rs.\n1,98,000 determined by AO and further erred in levying penalty u/s 271(1)(c)\nin respect

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

undisclosed income of Rs.\n1,98,000 determined by AO and further erred in levying penalty u/s 271(1)(c)\nin respect

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

u/s 271(1)(c) of the Act without appreciating the fact no penalty can be levied where the addition has been made on the basis of estimation of income. 5. On the facts and circumstances of the case and in law, the Ld. CIT Appeal erred in confirming the penalty of Rs. 27,63,572/- on the enhancement of income

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M JAIN,MUMBAI vs. INCOME TAX OFFICER, WARD-19(1)(1), MUMBAI

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

u/s 271(1)(c) of the Act without appreciating the fact no penalty can be levied where the addition has been made on the basis of estimation of income. 5. On the facts and circumstances of the case and in law, the Ld. CIT Appeal erred in confirming the penalty of Rs. 27,63,572/- on the enhancement of income

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

u/s 271(1)(c) of the Act without appreciating the fact no penalty can be levied where the addition has been made on the basis of estimation of income. 5. On the facts and circumstances of the case and in law, the Ld. CIT Appeal erred in confirming the penalty of Rs. 27,63,572/- on the enhancement of income

ANATEK SERVICES PVT LTD,MUMBAI vs. INCOME TAX OFFICER -14(1)(1), MUMBAI

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

Bench: Shri. Om Prakash Kant, Am & Ms. Kavitha Rajagopal, Jm

undisclosed income and the assessment order dated 21.01.2005 was passed by the ld. AO u/s. 143(3) r.w.s. 147, where the total income was determined at Rs. 81,06,439/-. The ld. AO initiated penalty proceeding u/s. 271

RAJESH B, JAIN AS LEGAL OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

u/s 271(1)(c) of the Act without appreciating the\nfact no penalty can be levied where the addition has been made on the basis of\nestimation of income.\n5. On the facts and circumstances of the case and in law, the Ld. CIT Appeal\nerred in confirming the penalty of Rs. 27,63,572/- on the enhancement of income

ACIT-23(1), MUMBAI, PIRAMAL CHAMBER vs. CHETAN PRAVIN CHITALIA, MUMBAI

In the result, appeal of the revenue is dismissed

Bench: Shri Saktijit Dey, Vice- & Shri Bijayananda Pruseth

undisclosed income was made which was held by the judicial authorities to be proper? 3. Whether on the facts and circumstances of the case and in law, the decision of the Ld. CIT(A) is right in deleting the penalty u/s 271