ABHUBHAI HIRABHAI DESAI,MUMBAI vs. DCIT CIRCLE 19(1), MUMBAI

In the result, the appeal of the assessee is allowed

sections": [ "147", "148", "153C", "153A", "132", "133(6)", "143(3)", "234A", "234B", "234C", "234D", "271(1)(c)" ], "issues": "Whether the AO erred in initiating reassessment

JAMNADAS VIRJI SHARES AND STOCK BROKERS PRIVATE LIMITED ,MUMBAI vs. DCIT, 4(3)(1), MUMBAI

234D of Rs. 7,238/- and CIT(A) erred in\nconfirming the same.\nIn appeal No. ITA No. 8362/MUM/2025 for A.Y. 2015–16\n1. The Appellant submits the Assessing Officer (AO) erred assuming\njurisdiction under section 147 of the Act and the learned\nCommissioner (Appeals) (CIT(A) erred in confirming his action, when\nthe jurisdictional conditions under section 147 were

JAMNADAS VIRJI SHARES AND STOCK BROKERS PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 4(3)(1), MUMBAI

reassessment, was retracted and discredited. The addition of dividend income for AY 2016-17 was also found to be erroneous as it was based on a computation sheet inconsistency and taxed exempt income indirectly.", "result": "Allowed", "sections": [ "37(1)", "147", "148", "10(34)", "234A", "234B", "234C", "234D

JAMNADAS VIRJI SHARES AND STOCK BROKERS PVT LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 4(3)(1), MUMBAI

234D of Rs. 7,238/- and CIT(A) erred in\nconfirming the same.\nIn appeal No. ITA No. 8362/MUM/2025 for A.Y. 2015–16\n1. The Appellant submits the Assessing Officer (AO) erred assuming\njurisdiction under section 147 of the Act and the learned\nCommissioner (Appeals) (CIT(A) erred in confirming his action, when\nthe jurisdictional conditions under section 147 were

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

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

ABANS REALTY AND INFRASTRUCTURE PRIVATE LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), MUMBAI

In the result, the appeal by the assessee for the

sections": [ "250", "148", "69C", "147", "133A", "234B", "234C", "234D", "148A", "270A", "271AAD" ], "issues": "Whether the reassessment proceedings were validly initiated

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

ABANS REALTY AND INFRASTRUCTURE PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), MUMBAI

In the result, the appeal by the assessee for the

reassessment and issue of notice u/s 148 of the income\nTax Act, instead of quashing the same.\n1(b). The Learned CIT (A) failed to address specific facts brought to his notice\nshowing that the report of the investigation wing forming the basis for reopening of\nassessment was contrary to the facts in our case such as:\na. Assessment order

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, 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

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

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

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

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