BHUSHAN VASANT PARELKAR,MUMBAI vs. WARD 41(2)(1), MUMBAI, MUMBAI

In the result, appeal of the assessee is allowed

Bench: Smt Beena Pillai & Shri Girish Agrawalassessment Year: 2013-14 Bhushan Vasant Parelkar Income Tax Officer, A-204 Saikripa, Navghar Ward 41(2)(1), Road, Mulund East S.O, Vs Mumbai Mumbai - 400081 (Pan: Akdpp6556D) Appellant Respondent Present For: Appellant By : Shri Dharan Gandhi, Advocate Respondent By : Shri Bhagirath Ramawat, Sr. Dr Date Of Hearing : 21.01.2026 Date Of Pronouncement : 30.01.2026 O R D E R Per Girish Agrawal: This Appeal Filed By The Assessee Is Against The Order Of Ld. Cit(A), National Faceless Appeal Centre (Nfac), Delhi, Vide Order No. Itba/Nfac/S/250/2025-26/1079866363(1), Dated 22.08.2025, Passed Against The Assessment Order By Ito, Ward-41(2)(1),, U/S. 147 Of The Income-Tax Act (Hereinafter Referred To As The “Act”), Dated 31.05.2023 For Assessment Year 2013-14. 2. Grounds Taken By The Assessee Are Reproduced As Under: “The Ld. Cit(A) Erred In Confirming The Action Of Ld. Ao Of Reopening The Assessment U/S 147 Although The Reopening Is Time Barred & Hence Bad In Law. Bhushan Vasant Parelkar Ay 2013-14

41,69,000/- as Short Term Capital Gains. 5. The Ld. CIT(A) erred in confirming action of Ld. AO of not allowing the exemption w/s 54F for investment in new property. 3. In the present appeal, essentially the issue to be decided is on legal ground, challenging the validity of notice issued u/s.148 on account of being barred

KETUKUMAR KRISHNAVADAN PARIKH,MUMBAI vs. ITO WARD 42(1)(3), MUMBAI

In the result the appeal filed by the assessee for assessment year 2017-18 and 2018-19 stands allowed

Bench: Smt. Beena Pillai () I.T.A. No. 4503/Mum/2025 Assessment Year: 2017-18 & I.T.A. No. 4502/Mum/2025 Assessment Year: 2018-19

1)(b) of the Act, and deserve to be dropped. 10 ITA No.4502/Mum/2025; A.Y. 2018-19 Ketukumar Krishnavadan Parikh 6.2 As a consequence the reassessment order passed on 02/03/2023 becomes void ab initio and the addition made therein does not hold any legs to stand in the eyes of law. Accordingly, Ground No.2 raised by the assessee stands allowed

KETUKUMAR KRISHNAVADAN PARIKH ,MUMBAI vs. ITO WARD 42(1)(3), MUMBAI

In the result the appeal filed by the assessee for assessment year 2017-18 and 2018-19 stands allowed

Bench: Smt. Beena Pillai () I.T.A. No. 4503/Mum/2025 Assessment Year: 2017-18 & I.T.A. No. 4502/Mum/2025 Assessment Year: 2018-19

1)(b) of the Act, and deserve to be dropped. 10 ITA No.4502/Mum/2025; A.Y. 2018-19 Ketukumar Krishnavadan Parikh 6.2 As a consequence the reassessment order passed on 02/03/2023 becomes void ab initio and the addition made therein does not hold any legs to stand in the eyes of law. Accordingly, Ground No.2 raised by the assessee stands allowed

SHANTILAL NAROTTAMDAS PANCHAL,MALAD EAST vs. ITO-41(3)(4), MUMBAI, BANDRA KURLA COMPLEX

Appeal is allowed

Bench: Him.

B-16, Rajhans Coop. HSG Society Ltd. Jitendra Road, Malad East, Mumbai - 400097 . Maharashtra [PAN: AATPP9539N] …………. Appellant Vs Income Tax Officer 41(3)(4), Mumbai Kautilya Bhavan, Bandra Kurla Complex, Mumbai – 400051. Maharashtra. …………. Respondent Appearance For the Appellant/Assessee : Shri Ravindra Poojary For the Respondent/Department : Shri Bhagirath Ramawat Date Conclusion of hearing : 12.11.2025 Pronouncement of order

VIDHI ENTERPRISES,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, MUMBAI

In the result, the appeal of the assessee is partly allowed for In the result, the appeal of the assessee is partly allowed for statistical purposes whereas appeal of the Revenue is dismissed

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

41,04,198/-. Aggrieved . Aggrieved, the assessee filed appeal before the the assessee filed appeal before the Ld. CIT(A) but ld CIT(A) ld CIT(A) allowed only part relief to the assessee. part relief to the assessee. 4. Aggrieved, both the assessee and the Revenue are before the Aggrieved, both the assessee and the Revenue are before

ACIT 32 1, MUMBAI vs. VIDHI ENTERPRISES, MUMBAI

In the result, the appeal of the assessee is partly allowed for In the result, the appeal of the assessee is partly allowed for statistical purposes whereas appeal of the Revenue is dismissed

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

41,04,198/-. Aggrieved . Aggrieved, the assessee filed appeal before the the assessee filed appeal before the Ld. CIT(A) but ld CIT(A) ld CIT(A) allowed only part relief to the assessee. part relief to the assessee. 4. Aggrieved, both the assessee and the Revenue are before the Aggrieved, both the assessee and the Revenue are before

HELLIOS EXPORTS LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI MUMBAI MUMB, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

SHRIVALLABH PITTIE INDUSTRIES LTD ,MUMBAI. vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI-400005 vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD MUMBAI ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-20

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

ACIT (CC)-8(2) , MUMBAI vs. HELIOS EXPORTS LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

SVP SOUTH WEST INDUSTRIES LTD. (FORMERLY, PLATINUM TEXTILE LTD.),MUMBAI vs. DCIT, CC- 8(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2)., MUMBAI vs. M/S CITRON INFRAPROJECTS LTD , MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that

CITRON INFRAPROJECT LTD.,,MUMBAI-400005 vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-7(2), MUMBAI-400020

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

41 48 -18 2018 7 14 21 28 35 42 49 -19 u. The Draft Assessing Officer was sent for approval before the Addl. CIT in cases where the companies were not incorporated i.e., Helios Exports Limited in AY 2012-13 and AY 2013-14 and Shrivallabh Pittie Industries Limited in AY 2014-15. Thus, he submits that