LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course of search under Section 132 or requisition under Section 132-A of the 1961 Act. However, the completed/unabated assessments

LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course of search under Section 132 or requisition under Section 132-A of the 1961 Act. However, the completed/unabated assessments

LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the AO in absence of any incriminating material found during the course of search under Section 132 or requisition under Section 132-A of the 1961 Act. However, the completed/unabated assessments

JAIPRAKASH L. SINGH,MUMBAI vs. ACIT 31(2)(1), MUMBAI

In the result, the appeal filed by the assessee stands\nallowed

reassessment as\nprescribed in sub-section (2) of section\n150 of the Act limitation provided\nunder section 149 of the Act has to be\ncounted from the end of relevant\n assessment year till date of order which\nis subject matter of appeal wherein\ndirections were passed.\"\nV. THE TRIBUNAL DO NOT HAVE POWER TO GIVE ANY FINDING OR\nDIRECTION

SHAKUNTALA KAMBLE (LEGAL REPRESENTATIVE OF PREMCHAND KAMBLE),THANE vs. DCIT -CENT. CIR `, THANE

253(3) of the Act, are being treated as being filed within limitation as the appeal has been filed within the extended time allowed by the Hon‟ble Supreme Court vide order, dated 23/03/2020 and 27/04/2021 passed in the Suo Motu Writ Petition (Civil) No. 3 of 2020 read with order, dated 23/09/2021, passed

GANESH POLYCHEM LIMITED,MUMBAI vs. DCIT, CC-3(2), MUMBAI

The appeal of the assessee is allowed for statistical purposes

Bench: Shri Saktijit Dey & Ms Padmavathy S, Am

253. In these circumstances, the Court is of the opinion that the amount was received as capital stream and therefore, not taxable. 7. A similar view was taken by the Calcutta High Court in CIT v. Gloster Jute Mills Ltd [2018] 96 taxmann.com 303/257 Taxman 512/ [2019] 416 ITR 458. As far as the question with regard to Focus Marketing

DCIT, CENTRAL CIRCLE-8(1), MUMBAI, MUMBAI vs. EI RESORTS & CLUBS PVT LTD, MUMBAI

3213/Mum/2025

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

253]. The AR stated that, though the above decision was rendered in the context of the validity of notice issued under section 271(1)(c), the underlying legal principle regarding the necessity of a valid notice is equally applicable to reassessment

DCIT, CENTRAL CIRCLE-8(1), MUMBAI, MUMBAI vs. E I RESORTS AND CLUBS PVT LTD, MUMBAI

3213/Mum/2025

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

253]. The AR stated that, though the above decision was rendered in the context of the validity of notice issued under section 271(1)(c), the underlying legal principle regarding the necessity of a valid notice is equally applicable to reassessment

LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

reassess taking into consideration\nthe other material in respect of completed assessments/unabated\nassessments. Meaning thereby, in respect of completed/unabated\nassessments, no addition can be made by the AO in absence of any\nincriminating material found during the course of search under\nSection 132 or requisition under Section 132-A of the 1961 Act.\nHowever, the completed/unabated assessments

LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

reassess taking into consideration\nthe other material in respect of completed assessments/unabated\nassessments. Meaning thereby, in respect of completed/unabated\nassessments, no addition can be made by the AO in absence of any\nincriminating material found during the course of search under\nSection 132 or requisition under Section 132-A of the 1961 Act.\nHowever, the completed/unabated assessments

LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

reassess taking into consideration\nthe other material in respect of completed assessments/unabated\nassessments. Meaning thereby, in respect of completed/unabated\nassessments, no addition can be made by the AO in absence of any\nincriminating material found during the course of search under\nSection 132 or requisition under Section 132-A of the 1961 Act.\nHowever, the completed/unabated assessments

LESHARK GLOBAL LLP ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, all the appeals for A

reassess taking into consideration\nthe other material in respect of completed assessments/unabated\nassessments. Meaning thereby, in respect of completed/unabated\nassessments, no addition can be made by the AO in absence of any\nincriminating material found during the course of search under\nSection 132 or requisition under Section 132-A of the 1961 Act.\nHowever, the completed/unabated assessments

MACK STAR MARKETING PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 2(2)(1), MUMBAI

In the result, the appeal of the assessee is partly allowed

Bench: SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER)\nAND\nSHRI SUNIL KUMAR SINGH (JUDICIAL MEMBER)\nITA No. 4994/MUM/2024\nAssessment Year: 2013-14\nMack Star Marketing Pvt. Ltd.,\nUnit 404, Kaledonia, 19 Sahar Road,\nAndheri (E),\nMumbai-400069.\nPAN NO. AADCM 7564 K\nAppellant\nNational Faceless Appeal Centre.\nVs.\nRespondent\nAssessee by\n: Mr. Yash Varmani\nRevenue by\n: Mr. R.R. Makwana, Sr. DR\nDate of Hearing\n: 17/12/2024\nDate of pronouncement\n: 21/01/2025\nORDER\nPER OM PRAKASH KANT (Accou

Section 147 requiring the\nassessee's failure to disclose material facts fully and truly does not\napply. In light of the above findings, it is evident that the proviso to\nSection 147 is not applicable to the facts of the instant case, as the\nreopening of the assessment falls within the four-year period.\nConsequently, the ground challenging the validity

A.C..I.T. CIRCLE-41(4)(1), MUMBAI vs. SHRI AWADHNARAYAN LAXMINARAYAN SINGH, MUMBAI

253 of 1961 Act) has held that 'finding' means the\nfinding necessary for giving relief in respect of the assessment year in question\nand the proviso to section 34(3) of the 1922 Act does not save time prescribed\nunder section 34(1) in respect of escaped assessment of any year other than\nthat which has been the subject matter

A.C.I.T. CIRCLE-41(4)(1), MUMBAI vs. SHRI AWADHNARAYAN LAXMINARAYAN SINGH, MUMBAI

In the result, appeal filed by the\nRevenue is dismissed

253 of 1961 Act) has held that 'finding' means the\nfinding necessary for giving relief in respect of the assessment year in question\nand the proviso to section 34(3) of the 1922 Act does not save time prescribed\nunder section 34(1) in respect of escaped assessment of any year other than\nthat which has been the subject matter

R RAMESH & CO.,MUMBAI vs. ACIT-19(3), MUMBAI

In the result appeal of the assessee for assessment year 2012 – 13 is partly allowed

Bench: Shri Prashant Maharishi, Am & Shri Sunil Kumar Singh, Jm

reassessment proceedings and confirmed the addition on the merits of the case. 16. Assessee, aggrieved is in appeal before us, the learned authorised representative submitted a paper book containing 104 pages wherein he submitted that purchases made from these four parties are not bogus. For this he submitted the affidavit of the parties, the bank statement of the parties, purchase

R RAMESH & CO.,MUMBAI vs. ACIT-19(3), MUMBAI

In the result appeal of the assessee for assessment year 2012 – 13 is partly allowed

Bench: Shri Prashant Maharishi, Am & Shri Sunil Kumar Singh, Jm

reassessment proceedings and confirmed the addition on the merits of the case. 16. Assessee, aggrieved is in appeal before us, the learned authorised representative submitted a paper book containing 104 pages wherein he submitted that purchases made from these four parties are not bogus. For this he submitted the affidavit of the parties, the bank statement of the parties, purchase

LEKHRAJ JASRAJ JAIN ,MUMBAI vs. DCIT 19(1), MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2014-15

reassessment proceeding on the ground of nonapplication of the mind by the Assessing proceeding on the ground of nonapplication of the mind by the Assessing proceeding on the ground of nonapplication of the mind by the Assessing Officer while recording reasons to believe that income escaped assessment. Officer while recording reasons to believe that income escaped assessment. Officer while recording

INCOME TAX OFFICER - 19(2)(2), MUMBAI, MUMBAI vs. KUVERBEN KANTILAL RAVAL, MUMBAI

In the result all the grounds of the appeal of the learned assessing officer are dismissed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm A.Y.2013-14 The Income Tax Officer Kunverben Ratilal Raval 7, Taldhwaj Bhavan 19 (2) (2) Mumbai 3 Road 503, 5Th Floor, Pinjrapole Lane Vs. Piramal Chambers Mumbai 400004 Lal Baug, Parel Mumbai (Appellant) (Respondent) Pan Aadpr8076L Assessee By Mr Mitesh Mehta Ca Revenue By Shri P D Chougule Adl Cit Sr Dr Date Of Hearing 14-08-2024 Date Of Pronouncement 29.08.2024

253,369/– and has shown the gross profit of Rs. 1,308,107/–. The assessee has also filed the tax audit report along with the return of income which was assessed under section 143 (3). The reassessment