INCOME TAX OFFICER-12(3)(1), MUMBAI, MUMBAI vs. MANJU DIAMONDS PVT. LTD., MUMBAI

In the result, the appeal of the Revenue is allowed for statistical purposes whereas the application under Rule 27 of statistical purposes whereas the application under Rule 27

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2017-18 Ito-12(3)(1), Manju Diamonds Pvt. Ltd., R.No. 145, 1St Floor, Aayakar 57/59, 1St Floor, Nagdevi Street, Vs. Bhavan, M.K. Road, Maszid Bunder, Mumbai-400020. Mumbai-400 003. Pan No. Aaecm 6609 G Appellant Respondent

reassess the income of the other person in accordance with the provisions of section 153A section 153A, if, that Assessing Officer is satisfied that is satisfied that the books of account or documents or assets seized or requisitioned the books of account or documents or assets seized or requisitioned the books of account or documents or assets seized or requisitioned

DCIT CIR 1(4) , MUMBAI vs. ANANDILAL & GANESH PODAR SOCIETY, MUMBAI

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

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

survey proceedings u/s 133A of the Act from Shri Kirit kumar D Suba and Shri N K Sodhani who stated that the donations were returned back to the Group in cash, which though were subsequently retracted by them. The Assessing Officer has completed the assessment by treating the donations as bogus denying exemption u/s

DCIT CIR 1(4) , MUMBAI vs. ANANDILAL & GANESH PODAR SOCIETY, MUMBAI

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

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

survey proceedings u/s 133A of the Act from Shri Kirit kumar D Suba and Shri N K Sodhani who stated that the donations were returned back to the Group in cash, which though were subsequently retracted by them. The Assessing Officer has completed the assessment by treating the donations as bogus denying exemption u/s

DCIT CIR 1(4) , MUMBAI vs. ANANDILAL & GANESH PODAR SOCIETY, MUMBAI

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

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

survey proceedings u/s 133A of the Act from Shri Kirit kumar D Suba and Shri N K Sodhani who stated that the donations were returned back to the Group in cash, which though were subsequently retracted by them. The Assessing Officer has completed the assessment by treating the donations as bogus denying exemption u/s

FOREVER FLOURISHING FIN & INV. PVT LTD,MUMBAI vs. DCIT-CC-3(4), MUMBAI, MUMBAI

In the result, appeal for the assessment year 2012

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

133A of the Act on 21.11.2013. During survey action it was observed that 21.11.2013. During survey action it was observed that 21.11.2013. During survey action it was observed that assessee issued shares at huge premium to various issued shares at huge premium to various share applicant issued shares at huge premium to various companies. The Investigation Wing

FOREVER FLOURISHING FIN. & INV. PVT. LTD. ,MUMBAI vs. DCIT (CC)-3(4), MUMBAI, MUMBAI

In the result, appeal for the assessment year 2012

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

133A of the Act on 21.11.2013. During survey action it was observed that 21.11.2013. During survey action it was observed that 21.11.2013. During survey action it was observed that assessee issued shares at huge premium to various issued shares at huge premium to various share applicant issued shares at huge premium to various companies. The Investigation Wing

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

133A of the Act was carried out on 17.12.2016 at business premises of assessee. In the carried out on 17.12.2016 at business premises of assessee. In the carried out on 17.12.2016 at business premises of assessee. In the survey proceedings various documents including diaries and data survey proceedings various documents including diaries and data survey proceedings various documents including diaries

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

133A of the Act was carried out on 17.12.2016 at business premises of assessee. In the carried out on 17.12.2016 at business premises of assessee. In the carried out on 17.12.2016 at business premises of assessee. In the survey proceedings various documents including diaries and data survey proceedings various documents including diaries and data survey proceedings various documents including diaries

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

133A of the Act was carried out on 17.12.2016 at business premises of assessee. In the carried out on 17.12.2016 at business premises of assessee. In the carried out on 17.12.2016 at business premises of assessee. In the survey proceedings various documents including diaries and data survey proceedings various documents including diaries and data survey proceedings various documents including diaries

BALAJI BUILLION & COMMODITIES (INDIA) PVT. LTD.,MUMBAI vs. DCIT - CC- 7(1), MUMBAI

In the result, the appeal of the assessee is dismissed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Years: 2009-10 M/S Balaji Bullion & Dcit Central Circle-7(1), Commodities (India) Pvt. Ltd., Mumbai. 118/120, 3Rd Floor, Ashoka Vs. House Zaveri Baazar, Mumbai-400 002. Pan No. Aadcb 0236 F Appellant Respondent : Mr. N.M. Porwal Assessee By Revenue By : Mr. S. Srinivasu, Cit-Dr : 27/03/2024 Date Of Hearing Date Of Pronouncement : 03/04/2024

survey action u/s. 133A was conducted on Shri Anil Kumar Jain and Shri Pravin Kumar Jain, who were engaged in high value transaction and Shri Pravin Kumar Jain, who were engaged in high value transaction and Shri Pravin Kumar Jain, who were engaged in high value transactions credited through RTGS/Clearing/Cash/Transfer from various accounts, credited through RTGS/Clearing/Cash/Transfer from various accounts

ESTATE OF VANDRAVAN P SHAH,MUMBAI vs. ASSISTANT COMISSIONER OF INCOME TAX, CIRCLE 19(3), MUMBAI

In the result all the three captioned appeals are dismissed

Bench: Sandeep Gosain () & Shri Om Prakash Kant ()

Survey action u/s 133A of the Income Tax Act, 1961 (hereafter, referred as Act) was carried out on (hereafter, referred as Act) was carried out on 27.01.2015 at the 27.01.2015 at the registered / administrative offices of the above institute and it is registered / administrative offices of the above institute and it is registered / administrative offices of the above institute

MANGALDEEP MULTISTATE URBAN CO.OP.CR. SOC. LTD.,MUMBAI vs. ACIT - CC- 2 (1), MUMBAI

In the result, the appeal by the assessee for the

147 of the Act can be validly initiated. In the present case, as noted above, on the basis of information/documents found during the survey proceedings u/s 133A of the Act, reassessment

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

133A of the I.T. Act on vari operators who were indulging in trading in shares of penny stock operators who were indulging in trading in shares of penny stock operators who were indulging in trading in shares of penny stock companies. It was found during the search and survey that the operator companies. It was found during the search

PURNA PURSHOTTAM EXPORTS ,MUMBAI vs. ACIT CENTRAL CIRCLE,2(2), MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2007-08 Purna Pushottam Exports, Ito-32(3)(5), Gala No. 329, Vardhman Mumbai. Vs. Industrial Estate, Behind Petrol Pump, S.V. Road, Dahisar East, Mumbai-400068. Pan No. Aaefp 8085 E Appellant Respondent Assessment Year: 2018-19 Purna Pushottam Exports, Acit Central Circle, 2(2), Gala No. 329, Vardhman Mumbai. Vs. Industrial Estate, Behind Petrol Pump, S.V. Road, Dahisar East, Mumbai-400068. Pan No. Aaefp 8085 E Appellant Respondent

147 of the Act, the Assessing Officer disallowed the entire , the Assessing Officer disallowed the entire , the Assessing Officer disallowed the entire purchases of Rs.1,57, 57,77,971/- holding the same to be unexplained holding the same to be unexplained expenditure u/s 69C of the Act. On further appeal, the Ld. CIT(A) expenditure u/s

PURNA PURSHOTTAM EXPORTS ,MUMBAI vs. INCOME TAX OFFICER 32(2)(5), MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2007-08 Purna Pushottam Exports, Ito-32(3)(5), Gala No. 329, Vardhman Mumbai. Vs. Industrial Estate, Behind Petrol Pump, S.V. Road, Dahisar East, Mumbai-400068. Pan No. Aaefp 8085 E Appellant Respondent Assessment Year: 2018-19 Purna Pushottam Exports, Acit Central Circle, 2(2), Gala No. 329, Vardhman Mumbai. Vs. Industrial Estate, Behind Petrol Pump, S.V. Road, Dahisar East, Mumbai-400068. Pan No. Aaefp 8085 E Appellant Respondent

147 of the Act, the Assessing Officer disallowed the entire , the Assessing Officer disallowed the entire , the Assessing Officer disallowed the entire purchases of Rs.1,57, 57,77,971/- holding the same to be unexplained holding the same to be unexplained expenditure u/s 69C of the Act. On further appeal, the Ld. CIT(A) expenditure u/s

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

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

147 of the Act. 1.2 That the CIT(A) erred on facts and in law in upholding validity .2 That the CIT(A) erred on facts and in law in upholding validity of .2 That the CIT(A) erred on facts and in law in upholding validity reassessment proceedings, despite the same having been initiated on reassessment proceedings, despite

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

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

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

147 of the Act. 1.2 That the CIT(A) erred on facts and in law in upholding validity .2 That the CIT(A) erred on facts and in law in upholding validity of .2 That the CIT(A) erred on facts and in law in upholding validity reassessment proceedings, despite the same having been initiated on reassessment proceedings, despite

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

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

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

147 of the Act. 1.2 That the CIT(A) erred on facts and in law in upholding validity .2 That the CIT(A) erred on facts and in law in upholding validity of .2 That the CIT(A) erred on facts and in law in upholding validity reassessment proceedings, despite the same having been initiated on reassessment proceedings, despite