SKA SALES PVT LTD,MUMBAI vs. INCOME TAX OFFICSR, WARD 13(2)(1), MUMBAI

reassessment notice was dispatched on 01/04/2021, making it subject to the new regime under Section 148A of the Finance Act, 2021. Since the AO did not follow this procedure, the assessment order was bad in law.", "result": "Partly Allowed", "sections": ["Section 147", "Section 144B", "Section 68", "Section 69

DEEPAK KAKUBHAI MEHTA,MUMBAI vs. DCIT, CENTRAL CIRCLE 4(1), MUMBAI

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

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI ARUN KHODPIA (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.‖ 42. Similarly, the Hon’ble Delhi High

DEEPAK KAKUBHAI MEHTA,MUMBAI vs. DCIT, CENTRAL CIRCLE 4(1), MUMBAI

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

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI ARUN KHODPIA (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.‖ 42. Similarly, the Hon’ble Delhi High

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

DEEPAK KAKUBHAI MEHTA,MUMBAI vs. DCIT, CENTRAL CIRCLE 4(1), MUMBAI

In the result, all the appeals filed by the assessee are\nallowed

reassess taking\ninto consideration the other material in respect of completed\nassessments/unabated assessments. Meaning thereby, in\nrespect of completed/unabated assessments, no addition\ncan be made by the AO in absence of any incriminating\nmaterial found during the course of search under Section\n132 or requisition under Section 132-A of the 1961 Act.”\n42. Similarly, the Hon'ble Delhi High

DEEPAK KAKUBHAI MEHTA,MUMBAI vs. DCIT, CENTRAL CIRCLE 4(1), MUMBAI

reassess taking\ninto consideration the other material in respect of completed\nassessments/unabated assessments. Meaning thereby, in\nrespect of completed/unabated assessments, no addition\ncan be made by the AO in absence of any incriminating\nmaterial found during the course of search under Section\n132 or requisition under Section 132-A of the 1961 Act.”\n42. Similarly, the Hon'ble Delhi High

MANISH KASHIPRASAD SEKSARIA ,MUMBAI vs. DCIT CENTRAL CIRCLE 4(2) , MUMBAI

In the result, appeals of the assessee are allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2017-18 & Assessment Year: 2018-19 & Assessment Year: 2019-20

69. The Revenue has accordingly failed to discharge the onus cast upon it of producing credible, discharge the onus cast upon it of producing credible, discharge the onus cast upon it of producing credible, independent and cogent material establishing that the assessee independent and cogent material establishing that the assessee independent and cogent material establishing that the assessee made

MANISH KASHIPRASAD SEKSARIA ,MUMBAI vs. DCIT CENTRAL CIRCLE 4(2) , MUMBAI

In the result, appeals of the assessee are allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2017-18 & Assessment Year: 2018-19 & Assessment Year: 2019-20

69. The Revenue has accordingly failed to discharge the onus cast upon it of producing credible, discharge the onus cast upon it of producing credible, discharge the onus cast upon it of producing credible, independent and cogent material establishing that the assessee independent and cogent material establishing that the assessee independent and cogent material establishing that the assessee made

MANISH KASHIPRASAD SEKSARIA ,MUMBAI vs. DCIT CENTRAL CIRCLE 4(2) , MUMBAI

In the result, appeals of the assessee are allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2017-18 & Assessment Year: 2018-19 & Assessment Year: 2019-20

69. The Revenue has accordingly failed to discharge the onus cast upon it of producing credible, discharge the onus cast upon it of producing credible, discharge the onus cast upon it of producing credible, independent and cogent material establishing that the assessee independent and cogent material establishing that the assessee independent and cogent material establishing that the assessee made

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

reassessment proceedings is dismissed as having been \nrendered infructuous. \n156. Thus, the present appeal preferred by the Assessee is partly \nallowed. \n157. In result, the appeal preferred by the Revenue [ITA \nNo.2836/Mum/2024] is dismissed and appeal preferred by the \nAssessee [ITA No.2619/Mum/2024] is partly allowed. \n ASSESSMENT YEAR - 2016-2017 \nITA No.2834/Mum/2024(Revenue’s Appeal) \n158. We wouldnext take

KASHYAP KANIYALAL MEHTA,MUMBAI vs. DCIT CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassess the income of the other person in accordance with the provisions of section 153A, if that Assessing Officer is satisfied that the books of account or documents or assets, seized or requisitioned, have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section

KASHYAP KANIYALAL MEHTA,MUMBAI vs. DCIT, CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassess the income of the other person in accordance with the provisions of section 153A, if that Assessing Officer is satisfied that the books of account or documents or assets, seized or requisitioned, have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section

KASHYAP KANIYALAL MEHTA,MUMBAI vs. DCIT CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassess the income of the other person in accordance with the provisions of section 153A, if that Assessing Officer is satisfied that the books of account or documents or assets, seized or requisitioned, have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section

KASHYAP KANIYALAL MEHTA,MUMBAI vs. DCIT CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassess the income of the other person in accordance with the provisions of section 153A, if that Assessing Officer is satisfied that the books of account or documents or assets, seized or requisitioned, have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section

KASHYAP KANIYALAL MEHTA,MUMBAI vs. DCIT CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassess the income of the other person in accordance with the provisions of section 153A, if that Assessing Officer is satisfied that the books of account or documents or assets, seized or requisitioned, have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section

KASHYAP KANIYALAL MEHTA,MUMBAI vs. DCIT CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassess the income of the other person in accordance with the provisions of section 153A, if that Assessing Officer is satisfied that the books of account or documents or assets, seized or requisitioned, have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section