ITO 2(1)(1), MUMBAI vs. CENTRAL; BANK OF INDIA, MUMBAI

Appeal stands dismissed

Bench: Shri Saktijit Dey, Jm & Shri Manoj Kumar Aggarwal, Am आयकर अपील सं./I.T.A. No.8581/Mum/2010 (िनधा"रण वष" / Assessment Year: 1999-2000) Deputy Commissioner Of Central Bank Of India Income Tax 2(1) Central Office बनाम/ Central Accounts Deptt. Aaykar Bhavan Vs. Chandermukhi, 4Th Floor Room No. 575, 5Th Floor Nariman Point, Mumbai-400 021 M.K.Road, Mumbai-400 020 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaacc-2498-P (अपीलाथ" /Appellant) (""थ" / Respondent) : & C.O. No. 153/2012 [Arising Out Of Ita No.8581/Mum/2010 (िनधा"रण वष" / Assessment Year: 1999-2000) Central Bank Of India Deputy Commissioner Of Central Office Income Tax 2(1) बनाम/ Central Accounts Deptt. Aaykar Bhavan Chandermukhi, 4Th Floor Room No. 575, 5Th Floor Vs. Nariman Point, Mumbai-400 021 M.K.Road, Mumbai-400 020 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaacc-2498-P (अपीलाथ" /Appellant) (""थ" / Respondent) : &

234D has been computed by revenue in reassessment proceedings. 9. On merits, we find that Explanation-2 to Section 234D

CROMPTON GREAVES LTD,MUMBAI vs. CIT -6, MUMBAI

In the result, the appeals filed by the assessee company in ITA no

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kochar"ी शैल" कुमार यादव, "या"यक सद"य एवं "ी "ी रिमत कोचर, लेखाकार सद"य के सम" । आयकर अपील सं./I.T.A. No. 1994/Mum/2013 ("नधा"रण वष" / Assessment Year : 2007-08) आयकर अपील सं./I.T.A. No. 2836/Mum/2014 ("नधा"रण वष" / Assessment Year : 2007-08) M/S Crompton Greaves बनाम/ Cit – 6,Mumbai, Ltd.,6Th Floor, C.G. House, 5Th Floor, V. Dr. A.B. Road, Worli, Aayakar Bhavan, Mumbai – 400 030. M.K. Road, Mumbai – 400 020. "थायी लेखा सं./Pan : Aaacc3840K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Assessee By Shri Pradeep N. Kapasi Revenue By : Shri C.W. Angolkar सुनवाई क" तार"ख /Date Of Hearing : 29-10-2015 घोषणा क" तार"ख /Date Of Pronouncement : 01-02-2016

234D of Rs. 37,93,211 without giving any opportunity of hearing and further erred in law in not passing any speaking order for the levy of interest. b. Your appellant denies any liability of payment of interest and further submits that the interest was charged in violation of the provision of Natural Justice in as much as no opportunity

AJAY MULTI PROJECTS PRIVATE LIMITED,MUMBAI vs. DCIT, CIRCLE 4(1)(1), MUMBAI, MUMBAI

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

Bench: Shri Sandeep Gosain, () & Shri Prabhash Shankar, ()

section 147 to 151 have not been fulfilled. 3. The reopening of assessment is without proper application of mind and therefore, bad in law. 4. There is no reason to believe and the reasons recorded are merely on the basis of the information from the DDIT(Investigation). 5. The sanction u/s 151 is bad in law and as a result

CAROL INFO SERVICES LTD ( FORMELRY KNWOAN AS WOCHKHARDT LIFE SCIENCE LTD),MUMBAI vs. ACIT RG 5(2), MUMBAI

In the result, both the appeals for AYs 2000-01 & 2001-02 filed by assessee are allowed

Bench: Shri G.S.Pannu & Shri Pawan Singh

reassessment as per section 234B(3) of the Act. Levy of interest under section 234D of the Act 6. The learned

VODAFONE INDIA LTD,MUMBAI vs. ASST CIT 8(3)(2), MUMBAI

234D of the Act.We find that the AO had levied interest u/s. 234B from 1.4.2008 to 31.3.2014 i.e. period starting from first day of the relevant AY.to the end of the month in which reassessment order was passed. We find that levy of interest u/s.234B in case of reassessment or re-computation is governed by provisions of sub section

DCIT IT 3.1.1, MUMBAI, MUMBAI vs. JEFFERIES LLC , MUMBAI

reassessment order passed under section 143(3) read with section 147 read with section 144C(3) of the Act dated 10 February 2020, was passed without a document identification number and hence, the order shall be regarded as invalid and deemed to never been issued. b. in not providing a copy of the remand report submitted by the Learned

DCIT, MUMBAI vs. JEFFERIES LLC , MUMBAI

reassessment order passed under section 143(3) read with section 147 read with section 144C(3) of the Act dated 10 February 2020, was passed without a document identification number and hence, the order shall be regarded as invalid and deemed to never been issued. b. in not providing a copy of the remand report submitted by the Learned

TECHNO RESIDENCY CO OPERATIVE HOUSING SOCIETY LIMITED,MUMBAI vs. INCOME TAX OFFICER WARD 20(2)(1), MUMBAI, MUMBAI

Appeal is allowed

Bench: SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER SHRI PRABHASH SHANKAR (Accountant Member)

section 234A, 234B and 234C and 234D of the Act. 9. The Ld. AO has erred in the initiating penalty proceeding u/s 271(1)(b) of the Act. 10. The Appellant craves leave to add, to amend, alter/delete and/or modify the above grounds of appeal on or before the final hearing.” 3. The relevant facts in brief are that

WELSPUN CORP LTD,MUMBAI vs. DCIT CEN CIR 22, MUMBAI

In the result, the appeals filed by the assesses in ITA No

Bench: Shri C.N. Prasad () & Shri G Manjunatha ()

234D and 220(2) of the Income Tax Act, 1961 arc consequential. The Appellant denies its liability for such interest. 5 . The Id. CIT(A) erred in,'holding that ground raised disputing initiation of the penalty proceedings1.'u/s.271(l)(c) of the Income Tax Act, 1961 is premature. The Appellant denies its liability for such penalty. The Appellant craves leave

RATNAGIRI STAINLESS P. LTD,MUMBAI vs. ITO 5(3)(1), MUMBAI

In the result, appeal filed by the assessee in ITA No

Bench: Shri C.N. Prasad & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 4463/Mum/2016 ("नधा"रण वष" / Assessment Year : 2009-10) M/S Ratnagiri Stainless Pvt. Income Tax Officer 5(3)(1), बनाम/ Ltd., Mumbai. V. 21/23, Laxmi Niwas, 2 Nd Parsiwada Lane, Opp V.P. Road Police Station, Mumbai – 400 004. "थायी लेखा सं./Pan : Aadcr2993P (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

234D of the Act. ITA 4463/Mum/2016 3 7. The appellant crave leave to add, amend , alter and/or vary any of the grounds of appeal before or at the time of hearing.” 3. At the outset learned counsel for the assessee submitted that the assessee did not wish to press ground no. 1,2,5 and 6 raised by the assessee

HARVEST AGRICULTURE PRIVATE LIMITED,MUMBAI vs. ITO WARD 2(1)(3), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Makarand Vasant Mahadeokar & & Harvest Agriculture Ito Ward 2(1)(3) Private Limited Aayakar Bhavan, 104 Natwar Chambers 94 Vs. Mumbai-400 020 Nagindas Master Road Fort, Mumbai- 400023 Pan/Gir No. Aabch6761P (Applicant) (Respondent) Assessee By Ms. Ridhisha Jain, Ca Revenue By Shri Hemanshu Joshi, Sr. Dr Date Of Hearing 20.01.2026 Date Of Pronouncement 21.01.2026

sections 234A, 234B, 234C and 234D was charged. 4. During the reassessment proceedings, the assessee explained that the impugned transactions

HARVEST AGRICULTURE PRIVATE LIMITED,MUMBAI vs. ITO WARD 2(1)(3), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Makarand Vasant Mahadeokar & & Harvest Agriculture Ito Ward 2(1)(3) Private Limited Aayakar Bhavan, 104 Natwar Chambers 94 Vs. Mumbai-400 020 Nagindas Master Road Fort, Mumbai- 400023 Pan/Gir No. Aabch6761P (Applicant) (Respondent) Assessee By Ms. Ridhisha Jain, Ca Revenue By Shri Hemanshu Joshi, Sr. Dr Date Of Hearing 20.01.2026 Date Of Pronouncement 21.01.2026

sections 234A, 234B, 234C and 234D was charged. 4. During the reassessment proceedings, the assessee explained that the impugned transactions

HARVEST AGRICULTURE PRIVATE LIMITED,MUMBAI vs. ITO WARD 2(1)(3), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Makarand Vasant Mahadeokar & & Harvest Agriculture Ito Ward 2(1)(3) Private Limited Aayakar Bhavan, 104 Natwar Chambers 94 Vs. Mumbai-400 020 Nagindas Master Road Fort, Mumbai- 400023 Pan/Gir No. Aabch6761P (Applicant) (Respondent) Assessee By Ms. Ridhisha Jain, Ca Revenue By Shri Hemanshu Joshi, Sr. Dr Date Of Hearing 20.01.2026 Date Of Pronouncement 21.01.2026

sections 234A, 234B, 234C and 234D was charged. 4. During the reassessment proceedings, the assessee explained that the impugned transactions

DCIT IT 3.1.1 MUMBAI, MUMBAI vs. JEFFERIES LLC , MUMBAI

reassessment order passed under section\n143(3) read with section 147 read with section 144C(3) of the Act dated 10\nFebruary 2020, was passed without a document identification number and hence,\nthe order shall be regarded as invalid and deemed to never been issued.\nb. in not providing a copy of the remand report submitted by the Learned

DCIT IT 3.1.1, MUMBAI, MUMBAI vs. JEFFERIES LLC, MUMBAI

reassessment order passed under section\n143(3) read with section 147 read with section 144C(3) of the Act dated 10\nFebruary 2020, was passed without a document identification number and hence,\nthe order shall be regarded as invalid and deemed to never been issued.\nb. in not providing a copy of the remand report submitted by the Learned

KRISHNA FASHION WORLD,CHEMBUR, MUMBAI vs. ITO, MUMBAI

In the result, all the four appeals are hereby dismissed

Bench: Shri Anikesh Banerjee & Smt. Renu Jauhriआयकर अपील सुं./Ita No. 3270 To 3273/Mum/2024 (नििाारण वर्ा / Assessment Year: 2010-11 To 2013-14) M/S. Krishna Fashion V/S. Income Tax Officer World बिाम Income Tax Officer, Ward 803/804, T-6, Godrej 22(2)(1), Room No. 312, Prime Colony, Sahakar Piramal Chambers, Lalbaug Nagar No.2, Shell Colony, 400012 Chembur, Mumbai 400071 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aajfk2799R Appellant/अपीलार्थी .. Respondent/प्रनिवादी निर्ााररती की ओर से /Assessee By: None राजस्व की ओर से /Revenue By: Shri Ritesh Misra, Cit Dr A/W Shri Hemanshu Joshi, Sr Dr स िवाई की िारीख / Date Of Hearing 10.07.2025 घोर्णा की िारीख/Date Of Pronouncement 22.07.2025

234D of the Income Tax Act, 1961 while framing assessment and passing order dated 15.03.2016 under section 143(3) read with section 147 of the I.T. Act, 1961. Ground No.8: Initiation Of Penalty Provisions In the facts and circumstances of the case, National Faceless Appeal Centre (NFAC) erred in dismissing ground raised by appellant with respect to the initiation

KRISHNA FASHION WORLD,CHEMBUR, MUMBAI vs. ITO, MUMBAI

In the result, all the four appeals are hereby dismissed

Bench: Shri Anikesh Banerjee & Smt. Renu Jauhriआयकर अपील सुं./Ita No. 3270 To 3273/Mum/2024 (नििाारण वर्ा / Assessment Year: 2010-11 To 2013-14) M/S. Krishna Fashion V/S. Income Tax Officer World बिाम Income Tax Officer, Ward 803/804, T-6, Godrej 22(2)(1), Room No. 312, Prime Colony, Sahakar Piramal Chambers, Lalbaug Nagar No.2, Shell Colony, 400012 Chembur, Mumbai 400071 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aajfk2799R Appellant/अपीलार्थी .. Respondent/प्रनिवादी निर्ााररती की ओर से /Assessee By: None राजस्व की ओर से /Revenue By: Shri Ritesh Misra, Cit Dr A/W Shri Hemanshu Joshi, Sr Dr स िवाई की िारीख / Date Of Hearing 10.07.2025 घोर्णा की िारीख/Date Of Pronouncement 22.07.2025

234D of the Income Tax Act, 1961 while framing assessment and passing order dated 15.03.2016 under section 143(3) read with section 147 of the I.T. Act, 1961. Ground No.8: Initiation Of Penalty Provisions In the facts and circumstances of the case, National Faceless Appeal Centre (NFAC) erred in dismissing ground raised by appellant with respect to the initiation

MS. KRISHNA FASHION WORLD,CHEMBUR vs. INCOME TAX OFFICER, MUMBAI

In the result, all the four appeals are hereby dismissed

Bench: Shri Anikesh Banerjee & Smt. Renu Jauhriआयकर अपील सुं./Ita No. 3270 To 3273/Mum/2024 (नििाारण वर्ा / Assessment Year: 2010-11 To 2013-14) M/S. Krishna Fashion V/S. Income Tax Officer World बिाम Income Tax Officer, Ward 803/804, T-6, Godrej 22(2)(1), Room No. 312, Prime Colony, Sahakar Piramal Chambers, Lalbaug Nagar No.2, Shell Colony, 400012 Chembur, Mumbai 400071 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aajfk2799R Appellant/अपीलार्थी .. Respondent/प्रनिवादी निर्ााररती की ओर से /Assessee By: None राजस्व की ओर से /Revenue By: Shri Ritesh Misra, Cit Dr A/W Shri Hemanshu Joshi, Sr Dr स िवाई की िारीख / Date Of Hearing 10.07.2025 घोर्णा की िारीख/Date Of Pronouncement 22.07.2025

234D of the Income Tax Act, 1961 while framing assessment and passing order dated 15.03.2016 under section 143(3) read with section 147 of the I.T. Act, 1961. Ground No.8: Initiation Of Penalty Provisions In the facts and circumstances of the case, National Faceless Appeal Centre (NFAC) erred in dismissing ground raised by appellant with respect to the initiation

MS. KRISHNA FASHION WORLD,CHEMBUR vs. INCOME TAX OFFICER , MUMBAI

In the result, all the four appeals are hereby dismissed

234D of the Income Tax Act, 1961 while framing\nassessment and passing order dated 15.03.2016 under section 143(3) read with\nsection 147 of the I.T. Act, 1961.\nGround No.8: Initiation Of Penalty Provisions\nIn the facts and circumstances of the case, National Faceless Appeal Centre (NFAC)\nerred in dismissing ground raised by appellant with respect to the initiation