ITO-26(2)(1) , MUMBAI vs. SAI PRERANA CO-OP CREDIT SOCIETY LTD, MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

reassessment proceedings , therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, we are not adjudicating upon the same therefore, we are not adjudicating upon the same in this appeal in this appeal. 8. Now we take up the appeal of the assessee

ITO-26(2)(1), MUMBAI vs. SAI PRERANA CO-OP CREDIT SOCIETY LTD, MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

reassessment proceedings , therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, we are not adjudicating upon the same therefore, we are not adjudicating upon the same in this appeal in this appeal. 8. Now we take up the appeal of the assessee

SAI PRERNA CO-OP. CREDIT SOCIETY LTD,MUMBAI vs. ITO WD 17(3) (2) , MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

reassessment proceedings , therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, we are not adjudicating upon the same therefore, we are not adjudicating upon the same in this appeal in this appeal. 8. Now we take up the appeal of the assessee

SAI PRERNA CO-OP. CREDIT SOCIETY LTD,MUMBAI vs. ITO WD 17(3) (2) , MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

reassessment proceedings , therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, we are not adjudicating upon the same therefore, we are not adjudicating upon the same in this appeal in this appeal. 8. Now we take up the appeal of the assessee

INCOME TAX OFFICER-26(2)(1), MUMBAI vs. SAI PRERANA CO-OP CREDIT SOCIETY LTD., MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

reassessment proceedings , therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, the issue is rendered merely academic and therefore, we are not adjudicating upon the same therefore, we are not adjudicating upon the same in this appeal in this appeal. 8. Now we take up the appeal of the assessee

ROYAL TWINKLE STAR CLUB PVT. LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-2(1), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB P.LTD,MUMBAI vs. DCIT CEN CIR 2(4), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB P.LTD,MUMBAI vs. ACIT CEN CIR 2(4), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB PVT. LTD,MUMBAI vs. DCIT CIRCLE 2 (1), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB P.LTD,MUMBAI vs. ACIT CEN CIR 2(4), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB PVT. LTD,MUMBAI vs. DCIT CENTRAL CIRCLE-2(1), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB P.LTD,MUMBAI vs. DCIT CEN CIR 2(4), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

ROYAL TWINKLE STAR CLUB P.LTD,MUMBAI vs. DCIT CEN CIR 2(4), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

194A of the Act, therefore, it was alleged that income chargeable to tax within section 40(a)(ia) had escaped assessment within the meaning of provisions of section 147 of the Act. In response to the notice issued under section 148 of the Act, the assessee submitted that the return original filed may be treated as filed in response

RAJDEEP MARKETING PVT. LTD.,MUMBAI vs. ITO, WD. 3(3)(1), MUMBAI

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

reassessment proceedings under section 147 of the I.T. Act. 2. The AO reopened the assessment of the year under consideration by issuing notice u/s 148 of the Act. The relevant portion of the reasons recorded by the assessing officer for reopening of assessment, which depicts the details of escaped income is extracted below:- “During the year the assessee company

MS. NISHA SHARMA,MUMBAI vs. INCOME TAX OFFICER -1(2), THANE

In the result, the appeal by the assessee is allowed for statistical purposes

Bench: Shri Om Prakash Kantshri Sandeep Singh Karhailassessment Year 2011-12

reassessment proceedings, the Assessing Officer (“AO”), vide order dated 29/12/2018 passed under section 144 read with section 147 of the Act made the addition on account of commission income at 8% of the amount credited in bank account of assessee’s proprietary concern. Further, as per 26AS data, the assessee had earned interest income

DCIT CEN CIR 22, MUMBAI vs. M.R. CONSTRUCTION, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

194A – Interest on loans 4,12,416 Nil 10,686 Section 194C Contractor 78,06,579 Nil 78,06,579 Section 194J – Supervision Charges 2,55,100 Nil 2,55,100 Section 194H – Brokerage Expenses/ 2,50,000 Nil 2,50,000 commission Section 194J – professional charges 50,000 Nil 50,000 4. Adhoc Disallowance for direct Expenses

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

194A – Interest on loans 4,12,416 Nil 10,686 Section 194C Contractor 78,06,579 Nil 78,06,579 Section 194J – Supervision Charges 2,55,100 Nil 2,55,100 Section 194H – Brokerage Expenses/ 2,50,000 Nil 2,50,000 commission Section 194J – professional charges 50,000 Nil 50,000 4. Adhoc Disallowance for direct Expenses

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

194A – Interest on loans 4,12,416 Nil 10,686 Section 194C Contractor 78,06,579 Nil 78,06,579 Section 194J – Supervision Charges 2,55,100 Nil 2,55,100 Section 194H – Brokerage Expenses/ 2,50,000 Nil 2,50,000 commission Section 194J – professional charges 50,000 Nil 50,000 4. Adhoc Disallowance for direct Expenses