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

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

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, 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

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

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

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\Nita No.6828/Mum/2024\Nita No.6829/Mum/2024\Nita No.6830/Mum/2024\Nita No.6831/Mum/2024\Nita No.6832/Mum/2024\Nita No.6833/Mum/2024\Nita No.6834/Mum/2024\N\Nα.Υ. 2019-20\Nα.Υ. 2020-21\Nα.Υ. 2016-17\Nα.Υ. 2014-15\Nα.Υ. 2017-18\Nα.Υ. 2015-16\Nα.Υ. 2018-19\Nα.Υ. 2021-22\N\Nannapurna Buildcon Infra\Nprivate Limited,\Nshop No.6, Ground Floor,\Nrachana Chs Ltd, Opp.\Nmcf Club, Jogurs Park,\Nborivali (West),\Nmumbai\Npan: Aahca7229F\Nappellant\Nvs\Ndcit, Central Circle-1, Thane\Nroom No.10, 6Th Floor, Ashar\Nit Park, Wagle Industrial\Nestate, Thane(W).\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\N\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

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\Nita No.6828/Mum/2024\Nita No.6829/Mum/2024\Nita No.6830/Mum/2024\Nita No.6831/Mum/2024\Nita No.6832/Mum/2024\Nita No.6833/Mum/2024\Nita No.6834/Mum/2024\N\Na.Y. 2019-20\Na.Y. 2020-21\Na.Y. 2016-17\Na.Y. 2014-15\Na.Y. 2017-18\Na.Y. 2015-16\Na.Y. 2018-19\Na.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.\Nestate, Thane(W).\Nmcf Club, Jogurs Park,\Nborivali (West),\Nmumbai\Npan: Aahca7229F\Nappellant\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\N\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

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\Nita No.6827/Mum/2024\Nita No.6828/Mum/2024\Nita No.6829/Mum/2024\Nita No.6830/Mum/2024\Nita No.6831/Mum/2024\Nita No.6832/Mum/2024\Nita No.6833/Mum/2024\Nita No.6834/Mum/2024\Na.Y. 2019-20\Na.Y. 2020-21\Na.Y. 2016-17\Na.Y. 2014-15\Na.Y. 2017-18\Na.Y. 2015-16\Na.Y. 2018-19\Na.Y. 2021-22\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.\Nestate, Thane(W).\Nmcf Club, Jogurs Park,\Nborivali (West),\Nmumbai\Nappellant\Nrespondent\Npan: Aahca7229F\Nfor Assessee : Shri Vijay Mehta\Nfor Revenue: Dr. K.R. Subhash Cit-Dr\Ndate Of Hearing: 12-02-2025\Ndate Of Pronouncement:\N06-03-2025\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.\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.\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

JCIT CENT. CIR. - 1(4), MUMBAI vs. GRASIM INDUSTRIES LTD, MUMBAI

The appeal of the Revenue is dismissed whereas appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2010-11 Grasim Industries Limited, The Dcit Cc-1(4), Corporate Finance Division, Room No. 902, 9Th Floor, Old Vs. A-2, Aditya Birla Centre, S.K. Cgo Building, M.K. Road, Ahire Marg, Worli, Mumbai-400020. Mumbai-400030. Pan No. Aaacg 4464 B Appellant Respondent Assessment Year: 2010-11 Jcit (Osd), Central Circle- Grasim Industries Limited, 1(4), A-Wing, 2Nd Floor, Aditya Room No. 902, Pratishtha Vs. Birla Centre, S.K. Ahire Bhavan, 9Th Floor, Old Cgo Marg, Worli, Building Annexe, Mumbai-400030. Mumbai-400020. Pan No. Aaacg 4464 B Appellant Respondent Assessee By : Mr. Yogesh Thar & Mr. Chaitanya Joshi Revenue By : Dr. Kishor Dhule, Cit-Dr Date Of Hearing : 03/04/2024 : Date Of Pronouncement 29/04/2024

undisclosed income emanating out of the search proceedings, which is relevant for the emanating out of the search proceedings, which is relevant for the emanating out of the search proceedings, which is relevant for the purpose of assessment. purpose of assessment. 16.17 The Hon'ble Bombay High Court in the case of CIT vs. Continental 16.17 The Hon'ble Bombay

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\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\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.\Nestate, Thane(W).\Nmcf Club, Jogurs Park,\Nborivali (West),\Nmumbai\Nappellant\Nrespondent\Npan: Aahca7229F\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\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.\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.\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