JEEVANDEEP EDUMEDIA PRIVATE LIMITED,MUMBAI vs. PRINCIPLE CIT-6, MUMBAI

In the result, the a In the result, the appeal of the assessee is stands allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2020-21 Jeevandeep Edumedia Pvt. Ltd., Pr. Cit-6, 1St Floor, Sun Paradise Business 501,5Th Floor, Aayakar Bhavan, Plaza, Senapati Bapat Marg, Vs. Maharishi Karve Road, Lower Parel (West), Mumbai-400020. Mumbai-400013. Pan No. Aabcj 0180 G Appellant Respondent

Reassessment proceedings for the assessment year 2020-21 With reference to the above With reference to the above subject and under the instructions subject and under the instructions of our above named client, we would like to submit as under; of our above named client, we would like to submit as under; of our above named client, we would like

KUDOS FINANCE AND INVESTMENT PVT LTD,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX-6, MUMBAI

Bench: SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

35,497/- under Section 36(1)(viia) of the Act and to reassess the income after granting the Assessee a reasonable

KUDOS FINANCE AND INVESTMENTS PVT. LTD.,PUNE vs. ITO, WARD-14 (2)(1), MUMBAI

35,497/- under Section\n36(1)(viia) of the Act and to reassess the income after granting the\nAssessee a reasonable

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

reassess' to completed assessment proceedings. vi. Insofar as pending assessments are concerned, the jurisdiction to make the original assessment and the assessment under Section 153A merges into one. Only one assessment shall be made separately for each AY on the basis of the findings of the search and any other material existing or brought on the record

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

reassess' to completed assessment proceedings. vi. Insofar as pending assessments are concerned, the jurisdiction to make the original assessment and the assessment under Section 153A merges into one. Only one assessment shall be made separately for each AY on the basis of the findings of the search and any other material existing or brought on the record

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

reassess' to completed assessment proceedings. vi. Insofar as pending assessments are concerned, the jurisdiction to make the original assessment and the assessment under Section 153A merges into one. Only one assessment shall be made separately for each AY on the basis of the findings of the search and any other material existing or brought on the record

M/S.BALAJI BULLION & COMMODITIES (INDIA) PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE-40, MUMBAI

In the result, both the appeals are allowed

Bench: Shri Prashant Maharishi, Am & Shri Amarjit Singh, Jm Balaji Bullion & Commodities The Dy. Commissioner Of (India) Private Limited Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002 (Appellant) (Respondent) Pan No. Aadcbo236F Balaji Universal Tradelinks P. The Dy. Commissioner Of Ltd. Income–Tax, 118/120, 3Rd Floor, Ashoka Central Circle–40, Vs. House Zavri Baazar, Mumbai Mumbai-400 002

35,83,500/- on account of Alleged Negative Stock as taxable income. Looking to the facts and in the circumstances of your Appellant's case the said disallowance made by the Ld. A.O. is incorrect and invalid and ought to be deleted. 11. On the facts and in the circumstances of the case

WIN CABLE & DATACOM P.LTD,MUMBAI vs. ASST CIT (TDS) 3(1), MUMBAI

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

Bench: S/Shri R.C. Sharma (Am) & Amarjit Singh (Jm) I.T.A. No. 3635/Mum/2016(Assessment Year 2001-02)

1 to section 153 shall, so far as may, apply to the time limit prescribed in subsection (3).] [Explanation.For the purposes of this section, the expression "accountant" shall have the meaning assigned to it in the Explanation to subsection (2) of section 288.]” 35 Once same provisions are invoked in the present case, then, the Honourable Delhi High Court, with

MAHARASHTRA STATE ELECTRICITY TRANSMISSION COMPANY LTD.,,MUMBAI vs. THE INCOME TAX OFFICER, WARD-14(2)(3), MUMBAI

In the result, the appeal of the assessee is al

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant () Assessment Year: 2011-12 Maharashtra State Electricity Income-Tax Officer, Ward Transmission Company Ltd., 14(2)(3), Plot No. C-19 E Block, Vs. Aayakar Bhavan, Maharshi Prakashganga, Bandra-Kurla Karve Road, Complex, Bandra (East), Mumbai-400020. Mumbai-400051. Pan No. Aaecm 2936 N Appellant Respondent Assessee By : Mr. Ketan Ved, Ar Revenue By : Mr. Harishankar Lal, Dr : Date Of Hearing 15/11/2022 Date Of Pronouncement : 29/12/2022

1 was justified in initiating reassessment proceedings. 8. It is true that the reasons for initiating the reassessme 8. It is true that the reasons for initiating the reassessme 8. It is true that the reasons for initiating the reassessment proceedings does in fact state that there was a failure on the proceedings does in fact state that there

M/S CRESCENT ORGANICS PVT. LTD.,MUMBAI vs. DCIT 14 (1)(2), MUMBAI

Bench: Shri M. Balaganesh & Shri Ravish Soodita Nos.1252 & 1253/Mum/2019 (Assessment Years: 2011-12 & 2012-13) M/S Crescent Organics Pvt. Ltd. Dy. Commissioner Of Income Tax Windsor,2Nd Floor, Cst Road, 14(1)(2), Aayakar Bhavan, Vs. Kalina,Santacruz (East), Mumbai – 400 020 Mumbai – 400 098 Pan – Aaacc1690D (Appellant) (Respondent) Appellant By: Shri Piyush Chhajed, A.R Respondent By: Ms. Shreekala Pardeshi, D.R Date Of Hearing: 10.12.2020 Date Of Pronouncement: 14.12.2020

reassessment on the ground that the same was based on a mere change of opinion which was not permissible under law. However, the CIT(A) not finding any merit in the contentions advanced by the assessee in context of the validity of the jurisdiction assumed by the A.O u/s 147 of the Act, therein, rejected the same. On merits

AAKASH VALUE REALTY PRIVATE LIMITED,MUMBAI vs. DCIT CC-1(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI MAKARAND VASANT MAHADEOKAR (Accountant Member)

reassessment framed under section 147 of the Income-tax Act, 1961 for the assessment year 2016–17. 2. In the grounds of appeal, the assessee has challenged both the validity of notice issued under section 148 and, on merits, the disallowance of deduction amounting to ₹1,79,37,500/- claimed under section 35

DCIT CEN CIR 2(1), MUMBAI vs. UNITED STOCK EXCHANGE OF INDIA LTD, MUMBAI

Bench: Shri Saktijit Dey, Jm & Shri Manoj Kumar Aggarwal, Am आयकरअपीलसं./I.T.A. No.541/Mum/2017 (िनधा"रणवष" / Assessment Year: 2009-10) Deputy Commissioner Of Income Tax United Stock Exchange Of India Ltd. (Since Merged With Bse Limited) Central Circle-2(1) बनाम/ 25Th Floor (West Wing), P.J. Towers Room No.804,8Th Floor Vs. Dalal Street, Fort Old Cgo Building, Annex Mumbai-400 001 M.K.Road,Mumbai-400 020 "थायीलेखासं./जीआइआरसं./Pan/Gir No.Aabcu-0464-G (अपीलाथ"/Appellant) (""थ" / Respondent) : & Cross Objection No.103/Mum/2018 (िनधा"रणवष" / Assessment Year: 2009-10) United Stock Exchange Of India Ltd. Deputy Commissioner Of Income (Since Merged With Bse Limited) Tax Central Circle-2(1) बनाम/ 25Th Floor (West Wing), P.J. Towers Room No.804,8Th Floor Vs. Dalal Street, Fort Old Cgo Building, Annex Mumbai-400 001 M.K.Road,Mumbai-400 020 "थायीलेखासं./जीआइआरसं./Pan/Gir No.Aabcu-0464-G (अपीलाथ"/Appellant) (""थ" / Respondent) :

reassessment proceedings which stood abated as per section 153A(1). 7.5 In the present case. I find that there is nothing on record to suggest that any material was found in the course of search which would show any connection on disallowance of expenses amounting to Rs.1,35

JM FINANCIAL PROPERTY FUND I,MUMBAI vs. INCOME TAX OFFICER, WARD - 25(1)(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

reassessment proceeding be held as without jurisdiction, bad in law and void jurisdiction, bad in law and void-ab-initio. Ground Nos. 4 to 10 are without prejudice to Ground Nos. 1 to 3 Ground Nos. 4 to 10 are without prejudice to Ground Nos. 1 to 3 Ground Nos. 4 to 10 are without prejudice to Ground Nos. 1

JM FINANCIAL PROPERTY FUND I,MUMBAI vs. INCOME TAX OFFICER, WARD - 25(1)(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

reassessment proceeding be held as without jurisdiction, bad in law and void jurisdiction, bad in law and void-ab-initio. Ground Nos. 4 to 10 are without prejudice to Ground Nos. 1 to 3 Ground Nos. 4 to 10 are without prejudice to Ground Nos. 1 to 3 Ground Nos. 4 to 10 are without prejudice to Ground Nos. 1

MOHAMEDALI SHABANALI BADAMI,MUMBAI vs. ITO 25(2)(1), MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri Girish Agrawalassessment Year: 2015-16

35 challenging the validity of notice u/s 148 dated 19th April 2022. Your appellant respectfully submits that the learned CIT(A) ought to have adjudicated the first ground which challenges the AO's jurisdiction to issue notice u/s 148 contrary to the mandate of the first proviso below section 149. Ground 2 - The notice u/s. 148 dated 19th April

H.K. ENTERPRISES,MUMBAI vs. DY CIT CC - 2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

reassessment pending on the date of initiation of search shall abate and merge into the assessment proceedings initiated u/s. 153A of the Act. In respect of a non-abated assessment year, the assessment can be made 5 HK Enterprises, Mumbai only on the basis of incriminating material found in the course of search. No incriminating material found for which additions

H.K. ENTERPRISES,MUMBAI vs. DY CIT -CC-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

reassessment pending on the date of initiation of search shall abate and merge into the assessment proceedings initiated u/s. 153A of the Act. In respect of a non-abated assessment year, the assessment can be made 5 HK Enterprises, Mumbai only on the basis of incriminating material found in the course of search. No incriminating material found for which additions

H.K. ENTERPRISES,MUMBAI vs. DY CIT-CC-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

reassessment pending on the date of initiation of search shall abate and merge into the assessment proceedings initiated u/s. 153A of the Act. In respect of a non-abated assessment year, the assessment can be made 5 HK Enterprises, Mumbai only on the basis of incriminating material found in the course of search. No incriminating material found for which additions