M/S EAGLE INFRA INDIA LIMITED,MUMBAI vs. ACIT,CENTRAL CIRCLE-4, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

M/S EAGLE INFRA INDIA LIMITED,MUMBAI vs. ACIT,CENTRAL CIRCLE-4, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

ACIT,CENTRAL CIRCLE-4, MUMBAI vs. M/S EAGLE INFRA INDIA LIMITED, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

ACIT, CENRAL CIRCLE-4, , THANE vs. M/S EAGLE INFRA INDIA LIMITED, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

M/S EAGLE INFRA INDIA LIMITED,MUMBAI vs. ACIT,CENTRAL CIRCLE-4, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

M/S EAGLE INFRA INDIA LIMITED,MUMBAI vs. ACIT,CENTRAL CIRCLE-4, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

ACIT,CENTRAL CIRCLE-4, MUMBAI vs. MM/S EAGLE INFRA INDIA LIMITED, MUMBAI

In the result, appeals of assess

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 2212 To 2214/Mum/2022 Assessment Year: 2015-16 To 2017-18 Acit, Central Circle-4, M/S Eagle Infra India Ltd., Room No. 9, A-Wing, 6Th Barrack No. 758, Room No. 16, Vs. Floor, Ashar I.T. Park, Road, Eagle Nest Building, Behind 16-Z Wagle Industrial Chopra Court, Ulhasnagar Estate, Thane (W)-400604. 421003. Pan No. Aacce 7247 G Appellant Respondent

Income Tax Act cannot be allowed. Therefor Income Tax Act cannot be allowed. Therefore, the addition of Rs. e, the addition of Rs. 7,30,000/- made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds made by the Assessing Officer is upheld on the grounds that the assessee

SHRI SANJAY SHANTILAL JAIN,MUMBAI vs. JCIT, CENTRAL RANGE-8 , MUMBAI

In the result, the appeal of the In the result, the appeal of the assessee is having ITA No

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Dcit-Cc 8(3), 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Jcit, Central Range-8, 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent : Assessee By Mr. Rushabh Mehta, Ar Revenue By : Mr. Manoj Kumar, Cit- Dr : Date Of Hearing 15/09/2022 Date Of Pronouncement : 31/10/2022

reassess the total income, taking note of the undisclosed income, if any, unearthed the total income, taking note of the undisclosed

SHRI SANJAY SHANTILAL JAIN,MUMBAI vs. DCIT, CENTRAL RANGE-8 (3), MUMBAI

In the result, the appeal of the In the result, the appeal of the assessee is having ITA No

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Dcit-Cc 8(3), 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent Assessment Year: 2010-11 Shri Sanjay Shantilal Jain, Jcit, Central Range-8, 72-7, Kalpataru Residency Tower 6Th Floor, Aayakar Bhavan, Vs. B, Sion Koliwada Road, Sion, M.K. Road, Mumbai-400022. Mumbai-400020. Pan No. Aabpj 3761 A Appellant Respondent : Assessee By Mr. Rushabh Mehta, Ar Revenue By : Mr. Manoj Kumar, Cit- Dr : Date Of Hearing 15/09/2022 Date Of Pronouncement : 31/10/2022

reassess the total income, taking note of the undisclosed income, if any, unearthed the total income, taking note of the undisclosed

ANNAPURNA BUILDCON INFRA PRIVATE LIMITED,MUMBAI vs. DCIT, CENTRAL CIRCLE 1, THANE, THANE

In the result, the appeal of the assessee for AY

Bench: Shri B.R. Baskaran\Nand\Nshri Anikesh Banerjee\N\Nita No.6827/Mum/2024 - A.Y. 2019-20\Nita No.6828/Mum/2024 - A.Y. 2020-21\Nita No.6829/Mum/2024 - A.Y. 2016-17\Nita No.6830/Mum/2024 - A.Y. 2014-15\Nita No.6831/Mum/2024 - A.Y. 2017-18\Nita No.6832/Mum/2024 - A.Y. 2015-16\Nita No.6833/Mum/2024 - A.Y. 2018-19\Nita No.6834/Mum/2024 - A.Y. 2021-22\N\Nannapurna Buildcon Infra Vs Dcit, Central Circle-1, Thane\Nprivate Limited,\Nroom No.10, 6Th Floor, Ashar\Nshop No.6, Ground Floor,\Nit Park, Wagle Industrial\Nrachana Chs Ltd, Opp. Estate, Thane(W).\Nmcf Club, Jogurs Park,\Nborivali (West),\Nmumbai\Nappellant\Npan: Aahca7229F\Nrespondent\N\Nfor Assessee : Shri Vijay Mehta\Nfor Revenue: Dr. K.R. Subhash Cit-Dr\Ndate Of Hearing: 12-02-2025\Ndate Of Pronouncement: 06-03-2025\N\Norder\Nper Bench :\Nall The Appeals Filed By The Assessee Are Directed Against The\Ncommon Order Dt.25-10-2024 Passed By The Ld. Commissioner Of\Nincome Tax (Appeals)-Pune-11, [‘Ld.Cit(A)] & They Relate To Ays.\N2014-15 To 2021-22. Since Common Issues Are Urged In These Appeals,\Nthey Were Heard Together. Hence, They Are Being Disposed Of By This\Ncommon Order, For The Sake Of Convenience.\N\N2. The Common Issue Contested In All These Years Is Related To The\Naddition Of Estimated Profit On The Alleged On-Money Received By The\Nassessee On Sale Of Flats.\N\N2.

undisclosed income of the block period that was assessed,\nsection 153A of the Act seeks to assess the total income for the\n assessment year, which is clear from the first proviso thereto which\nprovides that the Assessing Officer shall assess or reassess

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

undisclosed income into tax-free income by not offering LTCG In ring LTCG In his Return of of Income. 4.1 The learned counsel for the assessee thereafter invited The learned counsel for the assessee thereafter invited The learned counsel for the assessee thereafter invited attention to page 1 of the Paper Book, which is a copy of the return attention

ANNAPURNA INFRATECH,MUMBAI vs. DCIT, CENTRAL CIRCLE 1, THANE, THANE

In the result, both the appeals of the assessee are allowed

reassess the ‘total income', which can be arrived at by adding the undisclosed income found during the course of search

SHRI MOHAN THAKUR,MUMBAI vs. A.C.I.T. CENT. CIR. 8(4), MUMBAI

In the result, the appeal of the assessee is hereby ordered to be allowed

Bench: Shri Shamim Yahya, Am & Shri Amarjit Singh, Jm आयकर अपील सं/ I.T.A. No.7413 /Mum/2017 (ननधधारण वर्ा / Assessment Years: 2008-09) बनधम/ Shri Mohan Thakur Acit, Central Circle-8(4) 6Th Floor Aayakar Bhavan, 4, Flora Vila, 35, St. Vs. M.K. Road, Mumbai- Andrews Road, Bandra 400020. (W), Mumbai-400050. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. :Aaapt2966N (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Revenue By: Shri Durga Dutt/ Akhtar H. Ansari (Dr) Assessee By: Dr. K. Shivaram सुनवाई की तारीख / Date Of Hearing: 15/11.2019 घोषणा की तारीख /Date Of Pronouncement: 09/01/2020 आदेश / O R D E R Per Amarjit Singh, Jm: The Assessee Has Filed The Present Appeal Against The Order Dated 30.10.2017 Passed By The Commissioner Of Income Tax (Appeals)-50, Mumbai [Hereinafter Referred To As The “Cit(A)”] Relevant To The A.Y.2008- 09. 2. The Assessee Has Raised The Following Grounds Of Appeal: - “The Learned Cit(A) Erred In Upholding The Validity Of Notice U/S 148 Where The Proceedings U/S 153C Had Already Been Initiated Which Were Dropped & Immediately The Reassessment Proceedings Had Been Initiated Without Any Fresh Material On Record & Hence Reopening Is Void- Ab - Initio Merit : Addition Of Rs.237.00.000/- Based On Entries In Diary Of Third Person: 2. No Addition Can Be Made Based On Entries Found In The Books In Third Party'S Premises Since No Search U/S 132 Had Taken Place On The Assessee & Hence S.132(4A) Would Not Be Applicable To The Present Facts Of The Case. In View Of The Same The Entire Addition May Be Deleted.

reassessment of total income under the aforesaid provision. Similar position will obtain in a case where undisclosed income or undisclosed

ANNAPURNA PROPERTIES,MUMBAI vs. DCIT, CENTRAL CIRCLE 1, THANE, THANE

In the result, the appeals filed by the assessee for the AYs

reassess the ‘total income', which can be arrived at by adding the undisclosed income found during the course of search

ANNAPURNA PROPERTIES,MUMBAI vs. DCIT, CENTRAL CIRCLE 1, THANE, THANE

In the result, the appeals filed by the assessee for the AYs

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee- A.Y. 2015-16 - A.Y. 2016-17 - A.Y. 2017-18 - A.Y. 2018-19 - A.Y. 2019-20 - A.Y. 2020-21 - A.Y. 2021-22 Annapurna Properties, Vs Dcit, Central Circle-1, Shop No.6, Room No.10, 6Th Floor, Rachana Chg Ltd, Ashar It Park, Opp. Joggers Park, Wagle Industrial Estate, Behind Laxminarayan Temple, Thane (W) Borivali West, Maharashtra Mumbai Pan : Aapfa1330G Appellant Respondent

reassess the „total income‟, which can be arrived at by adding the undisclosed income found during the course of search

ANNAPURNA PROPERTIES,MUMBAI vs. DCIT, CENTRAL CIRCLE 1, THANE, THANE

In the result, the appeals filed by the assessee for the AYs

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee- A.Y. 2015-16 - A.Y. 2016-17 - A.Y. 2017-18 - A.Y. 2018-19 - A.Y. 2019-20 - A.Y. 2020-21 - A.Y. 2021-22 Annapurna Properties, Vs Dcit, Central Circle-1, Shop No.6, Room No.10, 6Th Floor, Rachana Chg Ltd, Ashar It Park, Opp. Joggers Park, Wagle Industrial Estate, Behind Laxminarayan Temple, Thane (W) Borivali West, Maharashtra Mumbai Pan : Aapfa1330G Appellant Respondent

reassess the „total income‟, which can be arrived at by adding the undisclosed income found during the course of search

ANNAPURNA PROPERTIES,MUMBAI vs. DCIT, CENTRAL CIRCLE 1, THANE, THANE

In the result, the appeals filed by the assessee for the AYs

reassess the ‘total income', which can be arrived at by adding the undisclosed income found during the course of search

GOVIND AGARWAL. HUF,MUMBAI vs. ACIT CEN CIR 32, MUMBAI

In the result, the appeals of the assessee’s are allowed in part, in terms indicated hereinabove, whereas the Revenue’s appeals are dismissed

Bench: Shri R.C.Sharma, Am & Shri Sanjay Garg, Jm आयकर अपील सं./Ita No.4531,4566,876,877,878/Mum/2011 ("नधा"रण वष" / Assessment Years :2006-07, 2007-08, 2002-03, 2003-04 & 2005-06) Acit, Cc-32, Mumbai Vs. Manidevi Agarwal, 720, A- 1, Lok Bharti Chs Ltd., Marol Maroshi Road, Marol, Andheri(E), Mumbai- 400059 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aakpa 4962 H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & आयकर अपील सं./Ita No.4528/Mum/2011 ("नधा"रण वष" / Assessment Years : 2007-08) Acit, Cc-32, Mumbai Vs. Shri Govind Agarwal, 701, A-1, Lok Bharti Chs Ltd., Marol Maroshi Road, Marol, Andheri(E), Mumbai- 400059 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Adopa 4038 K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & आयकर अपील सं./Ita No.873,874/Mum/2011 ("नधा"रण वष" / Assessment Years : 2003-04 & 2004-05) Acit, Cc-32, Mumbai Vs. Shri Govind Agarwal(Huf), 720/A-5, Lok Bharti Chs Ltd., Marol Maroshi Road, Marol, Andheri(E), Mumbai- 400059 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aiepa 3109 A .. (अपीलाथ" /Appellant) (""यथ" / Respondent) 876,828,4566,4547,218/11 &957/13&Co203.13

reassessment but for finding undisclosed income, undisclosed property or undisclosed books of accounts/documents. Therefore, in relation to completed assessments, additions

ACIT CC 24 & 26 CEN RG 5, MUMBAI vs. SAMIR NARAIN BHOJWANI, MUMBAI

In the result, the appeal of the Revenue and the Cross Objection of the assessee, both are dismissed

Bench: Sri Mahavir Singh, Jm & Sri Ashwani Taneja, Am Dy. Commissioner Of Income Tax, Shri Samir Narain Bhojani 1St Floor, Samir Complex, Cc-3(4), Central Range-3, Mumbai Vs. St.Andrews Road, Opp. Holy Family Hospital, Bandra(W), Mumbai-400050 .. Appellant Respondent Co No.189/Mum/2015 (In Ita No.3814/Mum/2014 A.Y. 2006-07) Shri Samir Narain Bhojani Dy. Commissioner Of Income 1St Floor, Samir Complex, Tax, Cc-3(4), Central Range-3, St.Andrews Road, Opp. Holy Family Mumbai Vs. Hospital, Bandra(W), Mumbai- 400050 Pan No.Aabpb9150H Appellant .. Respondent

reassessment of total income under the aforesaid provision. Similar position will obtain in a case where undisclosed income or undisclosed