M/S EDELWISS RURAL & CORPORATE SERVICES PRIVATE LIMITED,MUMBAI vs. ACIT CENTRAL CIRCLE-1(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2016-17 M/S Edelweiss Rural & Acit Central Circle-1(2), Corporate Services Pvt. Ltd., R. No. 906, 9Th Floor, Old Vs. Edelweiss House, Off Cst Road, Cgo Building Annexe, Kalina, Santacruz (East), Maharshi Karve Road, Mumbai-400098. Churchgate, Mumbai-400020. Pan No. Aakcs 7311 R Appellant Respondent Assessee By : Mr. Jitendra Jain, Ar Revenue By : Mr. Sanjeev Kashyap, Cit-Dr : Date Of Hearing 09/03/2023 : Date Of Pronouncement ___/03/2023 Order

reassessment and therefore the issue of M/s Edelweiss Rural & Corporate Services Ltd. M/s Edelweiss Rural & Corporate Services Ltd. 6 loss on sale of the jewelry below loss on sale of the jewelry below the market price was not the market price was not adjudicated being rendered as academic only. The learned consul adjudicated being rendered as academic only. The learne

SANMAN TRADE IMPEX LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAXCENTRAL CIRCLE-4(4), MUMBAI, MUMBAI

sections": [ "147", "151", "149", "143(3)", "153C", "10AA", "69C", "115JB", "40A(2)(b)" ], "issues": "Validity of reassessment proceedings, disallowance of goodwill

DCIT CC -4(4), MUMBAI, MUMBAI vs. SANMAN TRADE IMPEX LIMITED, MUMBAI

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed

reassessment proceedings on the ground of invalid sanction obtained u/s 151 of the Act, which is issued by the Ld. Pr. CIT Central, Mumbai-3, a copy of which is available on Paper Book Pages 263 to 266. The Ld. counsel for the assessee referred to page 263 of the Paper Book and submitted that the relevant column

SANMAN TRADE IMPEX LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-4(4), MUMBAI, MUMBAI

In the result, appeals of the Revenue are dismissed whereas\nappeals of the assessee are partly allowed

sections": [ "Sec. 147", "Sec. 151", "Sec. 69C", "Sec. 10AA", "Sec. 115JB", "Sec. 40A(2)(b)" ], "issues": "Whether reassessment proceedings were

DCIT CC 4(4), MUMBAI, MUMBAI vs. SANMAN TRADE IMPEX LIMITED, MUMBAI

In the result, appeals of the Revenue are dismissed whereas\nappeals of the assessee are partly allowed

sections": [ "147", "153C", "69C", "115JB", "10AA", "151", "149", "143(3)", "144C(1)", "40A(2)(b)" ], "issues": "Whether the reassessment was validly

SANMAN TRADE IMPEX LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-4(4), MUMBAI, MUMBAI

In the result, appeals of the Revenue are dismissed whereas\nappeals of the assessee are partly allowed

sections": [ "147", "153C", "115JB", "10AA", "69C", "132", "133A", "148", "143(3)", "151", "149", "40A(2)(b)" ], "issues": "Whether the reassessment

SANMAN TRADE IMPEX LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-4(4), MUMBAI, MUMBAI

Appeals of the Revenue are dismissed whereas appeals of the assessee are partly allowed

sections": [ "147", "149", "151", "132", "133A", "143(3)", "153C", "148", "10AA", "69C", "115JB", "40A(2)(b)", "131", "133(6)", "142(1)" ], "issues": "The core issues revolve around the validity of reassessment

DCIT CC -4(4), MUMBAI, MUMBAI vs. SANMAN TRADE IMPEX LIMITED, MUMBAI

sections": [ "Sec. 147", "Sec. 148", "Sec. 149", "Sec. 151", "Sec. 10AA", "Sec. 69C", "Sec. 115JB", "Sec. 40A(2)(b)", "Sec. 132", "Sec. 133A", "Sec. 133(6)", "Sec. 143(3)", "Sec. 153A", "Sec. 144C(1)", "Sec. 142(1)" ], "issues": "Whether the reassessment

AAACORP EXIM INDIA PRIVATE LIMITED,MUMBAI vs. D.C.I.T.-CIRCLE-14(1)(1), MUMBAI

In the result the appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri Gagan Goyal & Aaa Corp Exim India Pvt. Ltd. C-206, Ghatkopar Industrial Estate, Off Lbs Marg, Ghatkopar (W), Mumbai-400 086 Pan: Aacca8815C ...... Appellant Vs. Dcit-14(1)(1) Income Tax Offices, Aayakar Bhavan, M. K. Road, Mumbai-400 020 ..... Respondent

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154 for any assessment year the proceedings of which have been completed before the 1st day of October, 2009.] (3) Where during the course of any proceeding for the assessment of income

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

reassessment proceeding under Section 147 of the Act for the Assessment Year 2007-08 and 2008-09 have not been challenged on behalf of the Assessee. The appeals before the Tribunal are being pursued by the mother of the Appellant being his legal heir and duly constituted attorney of other ITA Nos. 1764-1767 & 1911-1912/Mum/2021

ACIT-2(2)(1), MUMBAI vs. M/S MPL PLASTICS LIMITED (EARLIER KNOWN AS M/S MILTON PLASTICS LTD) , MUMBAI

In the result, all the appeals of the Revenue are dismissed

reassessment under section 147(b) may be made out. Avoidance of tax liability by so arranging commercial affairs that charge of tax is distributed is not prohibited. A taxpayer may resort to a device to divert the income before it accrues or arises to him. Effectiveness of the device depends not upon considerations of morality, but on the operation

ACIT-2(2)(1), MUMBAI vs. M/S MPL PLASTICS LIMITED (EARLIER KNOWN AS MILTON PLASTICS LTD) , MUMBAI

In the result, all the appeals of the Revenue are dismissed

reassessment under section 147(b) may be made out. Avoidance of tax liability by so arranging commercial affairs that charge of tax is distributed is not prohibited. A taxpayer may resort to a device to divert the income before it accrues or arises to him. Effectiveness of the device depends not upon considerations of morality, but on the operation

ACIT-2(2)(1), MUMBAI vs. M/S MPL PLASTICS LIMITED (EARLIER KNOWN AS M/S MILTON PLASTICS LTD), MUMBAI

In the result, all the appeals of the Revenue are dismissed

reassessment under section 147(b) may be made out. Avoidance of tax liability by so arranging commercial affairs that charge of tax is distributed is not prohibited. A taxpayer may resort to a device to divert the income before it accrues or arises to him. Effectiveness of the device depends not upon considerations of morality, but on the operation

ACIT-2(2)(1) , MUMBAI vs. M/S MPL PLASTICS LIMITED (EARLIER KNOWN AS MILTON PLASTICS LTD), MUMBAI

In the result, all the appeals of the Revenue are dismissed

reassessment under section 147(b) may be made out. Avoidance of tax liability by so arranging commercial affairs that charge of tax is distributed is not prohibited. A taxpayer may resort to a device to divert the income before it accrues or arises to him. Effectiveness of the device depends not upon considerations of morality, but on the operation

ACIT-2(2)(12), MUMBAI vs. M/S MPL PLASTICS LIMITED (EARLIER KNOWN AS M/S MILTON PLASTICS LTD), MUMBAI

In the result, all the appeals of the Revenue are dismissed

reassessment under section 147(b) may be made out. Avoidance of tax liability by so arranging commercial affairs that charge of tax is distributed is not prohibited. A taxpayer may resort to a device to divert the income before it accrues or arises to him. Effectiveness of the device depends not upon considerations of morality, but on the operation

ACIT-2(2)(1), MUMBAI vs. M/S MPL PLASTICS LIMITED (EARLIER KNOWN AS M/S MILTON PLASTICS LTD), MUMBAI

In the result, all the appeals of the Revenue are dismissed

reassessment under section 147(b) may be made out. Avoidance of tax liability by so arranging commercial affairs that charge of tax is distributed is not prohibited. A taxpayer may resort to a device to divert the income before it accrues or arises to him. Effectiveness of the device depends not upon considerations of morality, but on the operation

STRIDES ARCOLAB LTD,NAVI MUMBAI vs. DCIT CIR 10(3),

Bench: Shri Amit Shukla, Jm & Shri S. Rifaur Rahman, Am आयकरअपीलसं./ I.T.A. No.2877/Mum/2014 (निर्धारणवर्ा / Assessment Year: 2009-10) Strides Shasun Limited Dcit Cir. 15(3)(2) (Formerly Known As R. No. 451, 4Th Floor, Strides Arcolab Limited) बिधम/ Aayakar Bhavan, M. K. 201, Devavrata, Sector 17, Road, Mumbai-400 020 Vs. Vashi, Navi Mumbai – 400 703 स्थायीलेखासं./जीआइआरसं./ Pan No. Aadcs8104P (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant By : Shri Percy Pardiwala/ Shri Ketan Ved /Shri Ninad Patade, Ld. Ars प्रत्यथीकीओरसे/Respondent By : Ms. Vatsalaa Jha, Ld. Dr सुनवाईकीतारीख/ : 18.01.2023 Date Of Hearing घोषणाकीतारीख / : 28.02.2023 Date Of Pronouncement आदेश / O R D E R Per Amit Shukla : The Aforesaid Appeal Has Been Filed By Assessee Against The Order Dated 26.02.2014 Passed U/S 143(3) R.W.S. 144C(13) In 2

40A(2)(b) of the Act. 8. Disallowance of FCCB premium. 9. Disallowance of FCCB issue expenses. 3 I.T.A. No. 2877/Mum/2014 Strides Shasun Limited 10. Disallowance u/s. 14A of the Act. 11. Income received on assignment of commercial contracts taxed as business profits. 12. Adjustment made to 'book profits' computed in terms of section 115JB of the Act by: • considering

DCIT-CC-4(2), MUMBAI, MUMBAI vs. RUBBERWALA REALTY, MUMBAI

In the result, all the appeals of the assessee for AYs 2015-16 to\n2021-22 stands allowed and the appeal of the Revenue for AY 2018-19\nstands dismissed\nOrder pronounced in the open court on this ...

reassess' to complete\nassessment proceedings.\nInsofar as pending assessments are concerned, the\njurisdiction to make the original assessment and the\nassessment under Section 153A merges into one. Only one\n10\nITA No.3443 & Ors/Mum/2023\nA.Ys. 2015-16 to 2021-22\nRubberwala Realty\nassessment shall be made separately for each AY on the\nbasis of the findings of the search

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

Section 37(1) of the Act.We have perused the aforesaid decision of the Tribunal in that case it was stated, during the assessment proceeding, the assessing officer noted that as per material available on record, the Director General of Central Excise Intelligence, Chennai Zone (DGCEI) had carried out investigation in respect of certain auto dealers and intermediaries. In course