JAYSHREE CHANDRASINGH KABALI,MUMBAI vs. DCIT CIRCLE 27 (1), MUMBAI

In the result, both the stay petitions of the assessee are dismissed and both the appeals are allowed for statistical purposes

Bench: Shri Saktijit Dey, Hon'Ble & Shri Girish Agrawal

penalty imposed thereafter, in respect of reassessment order passed u/s.147 r.w.s. 144 and penalty order u/s. 271AAC(1). Demand raised

DCIT 3(3)(1), MUMBAI vs. RELIANCE GENERAL INSURANCE COMPANY LTD, MUMBAI

The appeal of the revenue is dismissed in terms of our aforesaid observations

Bench: Shri Rajendra, Am & Shri Ravish Sood, Jm Ita Nos. 7245 To 7249/Mum/2016 (निर्धारण वषा / Assessment Year:2007-08 To 2011-12) Dcit-3(3)(1), M/S Reliance General Room No.609, 6Th Floor, Insurance Company Ltd. बिधम/ Aayakar Bhavan, M.K. Road 570, Rectifier House, Naigum Mumbai-400 020 Cross Road, Next To Royal Vs. Industrial Estate, Mumbai-400 031 स्थामी रेखा सं./ जीआइआय सं./ Pan No. Aabcr6747B (अऩीराथी /Revenue) (प्रत्मथी / Assessee) :

reassessment initiated penalty proceedings under Sec. 271(1)(c) in respect of „furnishing of inaccurate particulars of income‟ by the assessee

DCIT 3(3)(1), MUMBAI vs. RELIANCE GENERAL INSURANCE COMPANY LTD, MUMBAI

The appeal of the revenue is dismissed in terms of our aforesaid observations

Bench: Shri Rajendra, Am & Shri Ravish Sood, Jm Ita Nos. 7245 To 7249/Mum/2016 (निर्धारण वषा / Assessment Year:2007-08 To 2011-12) Dcit-3(3)(1), M/S Reliance General Room No.609, 6Th Floor, Insurance Company Ltd. बिधम/ Aayakar Bhavan, M.K. Road 570, Rectifier House, Naigum Mumbai-400 020 Cross Road, Next To Royal Vs. Industrial Estate, Mumbai-400 031 स्थामी रेखा सं./ जीआइआय सं./ Pan No. Aabcr6747B (अऩीराथी /Revenue) (प्रत्मथी / Assessee) :

reassessment initiated penalty proceedings under Sec. 271(1)(c) in respect of „furnishing of inaccurate particulars of income‟ by the assessee

DCIT 3(3)(1), MUMBAI vs. RELIANCE GENERAL INSURANCE COMPANY LTD, MUMBAI

The appeal of the revenue is dismissed in terms of our aforesaid observations

Bench: Shri Rajendra, Am & Shri Ravish Sood, Jm Ita Nos. 7245 To 7249/Mum/2016 (निर्धारण वषा / Assessment Year:2007-08 To 2011-12) Dcit-3(3)(1), M/S Reliance General Room No.609, 6Th Floor, Insurance Company Ltd. बिधम/ Aayakar Bhavan, M.K. Road 570, Rectifier House, Naigum Mumbai-400 020 Cross Road, Next To Royal Vs. Industrial Estate, Mumbai-400 031 स्थामी रेखा सं./ जीआइआय सं./ Pan No. Aabcr6747B (अऩीराथी /Revenue) (प्रत्मथी / Assessee) :

reassessment initiated penalty proceedings under Sec. 271(1)(c) in respect of „furnishing of inaccurate particulars of income‟ by the assessee

DCIT 3(3)(1), MUMBAI vs. RELIANCE GENERAL INSURANCE COMPANY LTD, MUMBAI

The appeal of the revenue is dismissed in terms of our aforesaid observations

Bench: Shri Rajendra, Am & Shri Ravish Sood, Jm Ita Nos. 7245 To 7249/Mum/2016 (निर्धारण वषा / Assessment Year:2007-08 To 2011-12) Dcit-3(3)(1), M/S Reliance General Room No.609, 6Th Floor, Insurance Company Ltd. बिधम/ Aayakar Bhavan, M.K. Road 570, Rectifier House, Naigum Mumbai-400 020 Cross Road, Next To Royal Vs. Industrial Estate, Mumbai-400 031 स्थामी रेखा सं./ जीआइआय सं./ Pan No. Aabcr6747B (अऩीराथी /Revenue) (प्रत्मथी / Assessee) :

reassessment initiated penalty proceedings under Sec. 271(1)(c) in respect of „furnishing of inaccurate particulars of income‟ by the assessee

DCIT 3(3)(1), MUMBAI vs. RELIANCE GENERAL INSURANCE COMPANY LTD, MUMBAI

The appeal of the revenue is dismissed in terms of our aforesaid observations

Bench: Shri Rajendra, Am & Shri Ravish Sood, Jm Ita Nos. 7245 To 7249/Mum/2016 (निर्धारण वषा / Assessment Year:2007-08 To 2011-12) Dcit-3(3)(1), M/S Reliance General Room No.609, 6Th Floor, Insurance Company Ltd. बिधम/ Aayakar Bhavan, M.K. Road 570, Rectifier House, Naigum Mumbai-400 020 Cross Road, Next To Royal Vs. Industrial Estate, Mumbai-400 031 स्थामी रेखा सं./ जीआइआय सं./ Pan No. Aabcr6747B (अऩीराथी /Revenue) (प्रत्मथी / Assessee) :

reassessment initiated penalty proceedings under Sec. 271(1)(c) in respect of „furnishing of inaccurate particulars of income‟ by the assessee

RAVI NIRMAN NIGAM LIMITED,MUMBAI vs. CIRCLE -13(3)(1), MUMBAI

In the result, appeal of the assessee is allowed

reassessment, the penalty proceedings should not survive.", "held": "The Tribunal held that the reassessment proceedings were quashed as void ab initio

ROBERT MCLEAN CONSULTANTS PVT. LTD.,MUMBAI vs. ACIT-CC-1(2), MUMBAI

In the result, both the appeals filed by the assessee are allowed

Bench: Shri Shamim Yahya & Shri Pavan Kumar Gadale

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

TIL INVESTMENTS P. LTD,MUMBAI vs. ITO 7(3)(3), MUMBAI

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

Bench: Shri Rajesh Kumar & Shri Pavan Kumar Gadaletil Investments P. Ltd., Ito 7(3)(3) बनाम/ 306, Jai Antarikash, Near Mumbai Vs. Thakar House, Makwana Road, Andheri Kurla Road, Andheri (E), Mumbai. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabct4024F .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

M/S. SHAH CONSTRUCTION CO. LTD,MUMBAI vs. THE DY. CIT CIR 8(3),

The appeals of the assessee are hereby allowed

Bench: S/Shri B.R.Baskaran & Amarjit Singhआयकर अपील सं/ I.T.A. No.1502/M/06 & I.T.A. No. 1503/M/06 ("नधा"रण वष" / Assessment Year: 1991-92 & 1990-91) M/S. Shah Construction Co. The Dy. Commissioner Of बनाम/ Ltd. Income Tax Circle 8(3) Vs. 11, Shah Industrial Estate, Spl. Range 23, New Link Road, Andheri (W) Mumbai Mumbai - 400053 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacs5207N

reassessed the matter and initiated the penalty u/s. 271(1)(c) which were confirmed by the learned CIT(A) therefore

M/S. SHAH CONSTRUCTION CO. LTD,MUMBAI vs. THE DY. CIT CIR 8(3),

The appeals of the assessee are hereby allowed

Bench: S/Shri B.R.Baskaran & Amarjit Singhआयकर अपील सं/ I.T.A. No.1502/M/06 & I.T.A. No. 1503/M/06 ("नधा"रण वष" / Assessment Year: 1991-92 & 1990-91) M/S. Shah Construction Co. The Dy. Commissioner Of बनाम/ Ltd. Income Tax Circle 8(3) Vs. 11, Shah Industrial Estate, Spl. Range 23, New Link Road, Andheri (W) Mumbai Mumbai - 400053 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacs5207N

reassessed the matter and initiated the penalty u/s. 271(1)(c) which were confirmed by the learned CIT(A) therefore

ACIT 12(2)(2), MUMBAI vs. M/S HARISONS STEELS LTD., MUMBAI

In the result the appeal filed by the revenue is dismissed

Bench: Shri Pavan Kumar Gadale & Shri Manoj Kumar Aggarwalacit – 12(2)(2) M/S. Harisons Steels Ltd., बनाम/ Rm. No. 262/145, 1St Floor Plot No. Survey Gut No. Vs. Aayakar Bhavan, 194, Nehroli Taluka Wada, Mumbai Thane – 421312. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaach8891D .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

DCIT CENTRAL CIRCLE-2(4), MUMBAI vs. M/S PATAN SOLAR PVT LTD, MUMBAI

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

Bench: Shri Baskaran Br & Shir Pavan Kumar Gadaledcit, Vs. M/Spatansolarpvtltd., Central Circle – 2(4) 602, 6Th Floor, Western Room No. 802, 8Th Floor, Edge-I,Western Prathishtha Bhavan, Express Highway, Mk Road, Churchgate, Borivali (E), Mumbai-400020. Mumbai-400066. Pan/Gir No. : Aafcp6744A Appellant .. Respondent Appellant By : Mr. V.K. Chaturvedi.Dr Respondent By : Mr. Rushabh Mehta.Ar Date Of Hearing 09.02.2023 Date Of Pronouncement 15.02.2023 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Revenue Has Filed The Appeal Against The Order Of The Commissioner Of Income Tax (Appeals)-48, Mumbai Passed U/S 250 Of The Act.The Revenue Has Raised The Following Grounds Of Appeal:

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

BALAJI TELEFILMS LTD,MUMBAI vs. DCIT 4(3)(CR)4, MUMBAI

The appeal stands allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

BALAJI TELEFILMS LTD,MUMBAI vs. DCIT 4(3)(CR)4, MUMBAI

The appeal stands allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

BALAJI TELEFILMS LTD,MUMBAI vs. DCIT 4(3) CEN RG 4, MUMBAI

The appeal stands allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

MEETA H GANDHI,MUMBAI vs. ITO 26 (2)(2), MUMBAI

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

Bench: Shri Rajesh Kumar & Shri Pavan Kumar Gadalemeeta H Gandhi Ito 26(2)(2) बनाम/ Kalpataru Residency, Flat Bkc Bandra, Mumbai Vs. No. 82, Kamani Marg Sion (E), Mumbai - 400076 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Acrpg0806D .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

reassessment in pursuance of which penalty is levied, cannot be the subject matter of penalty proceedings. The assessment or reassessment

NATH CAPITAL & FINANCIAL SERVICES LTD.,MUMBAI vs. ITO WARD 1 (2)(3), MUMBAI

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

reassessment in pursuance of which penalty\nis levied, cannot be the subject matter of penalty proceedings.\nThe assessment or reassessment