ABDULLA MOHAMED YUSUF PATEL,MUMBAI vs. NFAC, DELHI

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

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

147 of the Act dated 21.12.2018, dated 21.12.2018, he held amount of Rs, 52,93,608/ amount of Rs, 52,93,608/- as unexplained cash credit u/s 68 of the Act. unexplained cash credit u/s 68 of the Act. 4. On further appeal, the Ld. CIT(A) also upheld the finding of the On further appeal

ABDULLA MOHAMED YUSUF PATEL ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 20(1), MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

147 of the Act dated 21.12.2018, dated 21.12.2018, he held amount of Rs, 52,93,608/ amount of Rs, 52,93,608/- as unexplained cash credit u/s 68 of the Act. unexplained cash credit u/s 68 of the Act. 4. On further appeal, the Ld. CIT(A) also upheld the finding of the On further appeal

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

unexplained cash credit under section 68 of the section 68 of the Act. 13.1 The relevant part of the order of the The relevant part of the order of the Ld. Assessing Officer Assessing Officer related to ground no. 4 related to ground no. 4 is reproduced as under: “12. The assessee has claimed following loans taken during they under

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

unexplained cash credit under section 68 of the section 68 of the Act. 13.1 The relevant part of the order of the The relevant part of the order of the Ld. Assessing Officer Assessing Officer related to ground no. 4 related to ground no. 4 is reproduced as under: “12. The assessee has claimed following loans taken during they under

ACIT, CIR-1(2)(1), MUMBAI vs. M/S. CHERYL ADVISORY PVT LTD., MUMBAI

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Om Prakash Kant () & Shri Narender Kumar Choudhry () Assessment Year: 2013-14

147 of the Act. The ground No. 1 of the appeal of The ground No. 1 of the appeal of the Revenue is accordingly allowed. the Revenue is accordingly allowed. 7. The ground No. 3 of the appeal relates to the validity of the The ground No. 3 of the appeal relates to the validity of the The ground

NISHA YOGESH THAKKAR,MUMBAI vs. DCIT CC 3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

SMT HARHSA NITIN THAKKAR,MUMBAI vs. THE DY. CITI CENT. CIR -3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

SHRI NITIN POPATLAL THAKKAR,MUMBAI vs. THE DY.CITI CENT. CIR -3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

SHRI YOGESH P.THAKKAR,MUMBAI vs. THE DCIT CC-3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

SHRI NITIN POPATLAL THAKKAR,MUMBAI vs. THE DCIT CENT.CIR-3(4), MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

SHRI YOGESH P. THAKKAR,PANVEL vs. THE DCIT , CC-3(4) , MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

DINESHCHANDRA D. CHHAJED,MUMBAI vs. DCIT CC3(4) , MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

SMT. HARSH A NITIN THAKKAR,RAIGAD vs. THE DCIT CENT. CIR -3(4) , MUMBAI

In the result , the appeal of the assessee Shri Dineshchandra D

cash credit u/s 68 of the Act and an estimated commission expenditure of Rs 20,32,598/- (33876636 *6%) as unexplained u/s 69C of the Act at the rate of 6% of sale proceeds of shares. 15.4. When the appeal was pending before the ld. CIT(A) , SEBI had passed an order u/s

DCIT, CC-2(2),, MUM vs. SHRI NARENDRA S SHAH, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

credit and added under loans/unexplained credit and added under section 68 section 68 of the Act and some unexplained expenditure under d some unexplained expenditure under section d some unexplained expenditure under 69C of the Act and also disallowed interest of Rs.5,73,193/ of the Act and also disallowed interest of Rs.5,73,193/- of the Act and also

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2), , MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

credit and added under loans/unexplained credit and added under section 68 section 68 of the Act and some unexplained expenditure under d some unexplained expenditure under section d some unexplained expenditure under 69C of the Act and also disallowed interest of Rs.5,73,193/ of the Act and also disallowed interest of Rs.5,73,193/- of the Act and also

SHRI NARENDRA S SHAH ,MUMBAI vs. DCIT, CEN CIR-(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

credit and added under loans/unexplained credit and added under section 68 section 68 of the Act and some unexplained expenditure under d some unexplained expenditure under section d some unexplained expenditure under 69C of the Act and also disallowed interest of Rs.5,73,193/ of the Act and also disallowed interest of Rs.5,73,193/- of the Act and also

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2),, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

credit and added under loans/unexplained credit and added under section 68 section 68 of the Act and some unexplained expenditure under d some unexplained expenditure under section d some unexplained expenditure under 69C of the Act and also disallowed interest of Rs.5,73,193/ of the Act and also disallowed interest of Rs.5,73,193/- of the Act and also

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC- 2(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

credit and added under loans/unexplained credit and added under section 68 section 68 of the Act and some unexplained expenditure under d some unexplained expenditure under section d some unexplained expenditure under 69C of the Act and also disallowed interest of Rs.5,73,193/ of the Act and also disallowed interest of Rs.5,73,193/- of the Act and also