SHRIKANT FINCONSERV PRIVATE LIMITED,MUMBAI vs. PCIT-4, MUMBAI

In the result, all three appeals preferred by the Appellant are allowed

Bench: SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

reassessment proceedings were initiated on the basis of information that the Appellant had received bogus/accommodation entries in respect of loan

NIKHIL ASHOK SHIVDIKAR,PAREL MUMBAI vs. INCOME TAX OFFICER 20 2 4 MUMBAI , LALBAUG PAREL

Bench: him.

reassessment under Section 147 of the Act for the reasons that the Assessing Officer received certain information from the Director General of Income-tax (Investigation), Kolkatta about penny stock companies; and that the Assessee was one of the beneficiaries who has availed such bogus/accommodation entry

SIRONA DENTAL SYSTEMS PRIVATE LIMITED ,MUMBAI vs. ACIT, CIRCLE 14(1)(2), MUMBAI

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI OMKARESHWAR CHIDARA ( (Accountant Member)

reassessment under Section 147 of the Act for the reasons that the Assessing Officer received certain information from the Director General of Income-tax (Investigation), Kolkatta about penny stock companies; and that the Assessee was one of the beneficiaries who has availed such bogus/accommodation entry

MR NILESH BHARANI,MUMBAI vs. DCIT CC 4(1), MUMBAI

Bench: Shri Amit Shukla, Jm & Shri Amarjit Singh, Am आयकरअपीलसं./ I.T.A. No. 612/Mum/2020 (निर्धारणवर्ा / Assessment Year: 2011-12)

bogus/accommodation entry. From the information received from Deputy Directorate of Investigation, Unit-5(4), Mumbai, it is seen that an amount of Rs.56,86,529/- has been reflected under the head of Penny Stock transaction for the year under consideration. 3. Further, information has also been received that Shri Jagdish T. Ramani, Ashwin Rathod, Vibha Sachin Rawate and Shankar Jadhav

ITO-24(3)(1),MUMBAI, PIRAMAL CHAMBER, MUMBAI vs. RAMA RAJIV JAGDALE, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Ms. Kavitha Rajagopal & Shri Girish Agrawalassessment Year: 2014-15

reassessment on the basis of investigation by the DDIT (Inv.), Kolkata. In the course of assessment, Ld. Assessing Officer called for details and explanations in respect of the transaction of sale of shares on which exemption has been claimed under section 10(38) on account of long-term capital gain earned by the assessee. To corroborate the facts, assessee furnished

DANCO ENTERPRISES INDIA PRIVATE LIMITED ,MUMBAI vs. ITO, WARD 9(3)(1), MUMBAI

In the result, both the appeals of the assessee are allowed for In the result, both the appeals of the assessee are allowed for In the result, both the appeals of the assessee are allowed for stati...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

bogus/accommodation Danco Enterprises India Pvt. Ltd. Danco Enterprises India Pvt. Ltd. ITA Nos. 5022 & 5023/MUM/2024 entry from ‘One World One World group’ concern of bogu concern of bogus purchases amounting to Rs.9,37,20,787/ amounting to Rs.9,37,20,787/- in the period relevant to the in the period relevant to the assessment year under consideration. Accordingly, the Assessing

MEENA HASMUKH SAVLA,MATUNGA MUMBAI vs. ASSESSMENT UNIT, NATIONAL FACELESS ASSESSMENT CENTRE

In the result the appeal filed by the assessee is\nallowed

reassessment proceedings on the ground that such general statement cannot constitute relevant material to form a belief that income has escaped assessment.\n\n3.39 To sum up, the appellant has submitted the following document / information to prove the identity, creditworthiness and genuineness of the share transactions.\n\nA] Copy of contract note/purchase bill of shares along with copy of bank