BENCO FINANCE & INVESTMENT P.LTD,MUMBAI vs. DCIT CEN CIR 40, MUMBAI

The appeal of the assessee is allowed in terms of our aforesaid observations

Bench: Shri M.Balaganesh () & Shri Ravish Sood () Benco Finance & Investment Dy. Cit, Central Circle-40 Private Limited; 205, Sujata Vs. (Now Dcit, Central Circle -7(2), Mumbai) Room No. 656, 6Th Floor, Chambers, 2Nd Floor, 1/3 Aaykar Bhawan, M.K Road, Abhichan Gandhi Marg, Off. Mumbai – 400 020. Katha Bazar, Masjid Bunder (W), Mumbai – 400 009 (Assessee) (Revenue) Pan No. Aabcb9349R Assessee By : S/Shri Vijay Mehta & Purushottam, A.Rs Revenue By : Ms. Shreekala Pardeshi, D.R Date Of Hearing : 18/06/2021 Date Of Pronouncement : 10/08/2021

Investment Pvt. Ltd. Vs. DCIT, Central Circle-40, Mumbai issued a notice u/s 148 of the Act, dated 19.03.013. In compliance, it was submitted by the assessee vide its letter dated nil that its return of income filed on 07.11.2006 be treated as the return filed in response to the notice issued u/s 148 of the Act. Accepting the aforesaid

MR NILESH BHARANI,MUMBAI vs. DCIT CC 4(1), MUMBAI

Bench: Shri Amit Shukla, Jm & Shri Amarjit Singh, Am आयकरअपीलसं./ I.T.A. No. 612/Mum/2020 (निर्धारणवर्ा / Assessment Year: 2011-12)

u/s 153C of the Act, issues a notice u/s 153C to file a return of income for reassessment, then he makes an assessment / reassessment of such income u/s 153A of the Act. 65. Now, the entire procedure is the same except under different sections having two separate contingencies. In our opinion, the Legislature has not left any discretion

ABIDA MOHAMMED RAKHANGI,MUMBAI vs. ITO 18(2)(4), MUMBAI

In the result appeal of the assessee in ITA no

Bench: Shri Joginder Singh & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 4084/Mum/2013 ("नधा"रण वष" / Assessment Year 2005-06)

reassessment proceedings u/s 147 which led to the additions to the tune of Rs. 12.50 lacs( AY 2007-08 Rs 30 lacs) to the income for assessment year 2005-06 , vide assessment order dated 22-12-2011 passed u/s 143(3) r.w.s. 147, while in the appellate proceedings before learned CIT(A) in the first appeal filed by the assessee

ABIDA MOHAMMED RAKHANGI,MUMBAI vs. ITO 18(2)(4), MUMBAI

In the result appeal of the assessee in ITA no

Bench: Shri Joginder Singh & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 4084/Mum/2013 ("नधा"रण वष" / Assessment Year 2005-06)

reassessment proceedings u/s 147 which led to the additions to the tune of Rs. 12.50 lacs( AY 2007-08 Rs 30 lacs) to the income for assessment year 2005-06 , vide assessment order dated 22-12-2011 passed u/s 143(3) r.w.s. 147, while in the appellate proceedings before learned CIT(A) in the first appeal filed by the assessee

REKHA LAXMAN MANJIRAMANI ,MUMBAI vs. INCOME TAX OFFICER , WARD, 19(3)(1), MUMBAI

In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh () Assessment Year: 2011-12 Rekha Laxman Manjiramani, National Faceless Appeal Centre, 104, Lloyds Estates, G Wing Near Delhi, Income-Tax Officer-19(3)(1), Vs. Vidyalankar College, Piramal Chambers, Lalbaug, Mumbai-400037. Mumbai-400012. Pan No. Anhpm 5246 N Appellant Respondent

reassessment proceedings, the Assessing Officer observed unexplained investment u/s 69 of the Act amounting to observed unexplained investment u/s 69 of the Act amounting to observed unexplained investment u/s 69 of the Act amounting to Rs.82,23,500/- and unexplained cash received of Rs.67,89,000/ and unexplained cash received of Rs.67,89,000/- and unexplained cash received of Rs.67

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

unexplained cash credit u/s 68 of the Act. The Assessing Officer 8 of the Act. The Assessing Officer M/s Balaji Bullion & Commodities (India) Pvt. Ltd. 5 M/s Balaji Bullion & also treated the amount of Rs.4,02,39,597/ also treated the amount of Rs.4,02,39,597/- as returned back of as returned back of advance from M/s Bafna Exim

NSE IT LTD,MUMBAI vs. DCIT 8(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Joginder Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.5935/Mum/2014 (नििाारण वर्ा / Assessment Year: 2005-06) बिाम/ M/S. Nse. It Ltd, Dcit 8(2), Mumbai Trade Globe, Ground Floor, Andheri Kurla Road, V. Andheri (E), Mumbai 400059 स्थायी ऱेखा सं./ Pan : Aabcn0159P (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

unexplained investments in vehicles and immovable properties only after a search was conducted at her premises without offering any acceptable explanation, Tribunal was justified in holding that there was concealment irrespective of the fact that the additions made in the assessments were only of income from other sources. 1.3.6 The fact that the concealed income is shown in the revised

JSK INDUSTRIES PRIVATE LIMITED ,MUMBAI vs. DCIT CC-8(1), MUMBAI, MUMBAI

Bench: Shri Rajesh Kumar & Shri Amarjit Singh

reassessment order framed u/s 143(3) r.w.s. 147 of the Act dated 11.03.2016 in the first re- opening. Therefore on this count also of absence of independent application of mind, the re-opening can not be sustained. 8.3. We also find merit in the contention of the ld AR that assumption of jurisdiction u/s 147

TIME MEDIA & ENTERTAINMENT LLP (EARLIER TIME MEDIA & ENTERTAINMENT PRIVATE LIMITED),MUMBAI vs. INCOME TAX OFFICER 16(1)(5), MUMBAI

In the result, the appeal of the assessee in ITA no

Bench: Shri Sandeep Gosain & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.6534/Mum/2017 (नििाारण वर्ा / Assessment Year: 2010-11) बिाम/ Time Media & Income Tax Officer- Entertainment Llp (Earlier 16(1)(5) Time Media & R.No. 439, 4 Th Floor, V. Entertainment Private Aayakar Bhavan, Ltd.) M.K Marg, 104, Rachna, V.P Road, Mumbai-400020 Vile Parle (W), Mumbai-400056 स्थायी ऱेखा सं./ Pan: Aaact1581C (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee By: Shri. Reepal G. Tralshawala Revenue By: Shri. D.G. Pansari (Dr) सुनवाई की तारीख /Date Of Hearing : 28.03.2019 घोषणा की तारीख /Date Of Pronouncement : 18.06.2019 आदेश / O R D E R Per Ramit Kochar: This Appeal, Filed By Assessee, Being Ita No. 6534/Mum/2017, Is Directed Against Appellate Order Dated 31.07.2017, Passed By Learned Commissioner Of Income Tax (Appeals)-4, Mumbai (Hereinafter Called “The Cit(A)”) In Appeal No. Cit(A)-4/It-89/Ito-16(1)(5)/2016-17, For Assessment Year 2010-11, The Appellate Proceedings Had Arisen Before Learned Cit(A) From The Assessment Order Dated 30.03.2016 Passed By Learned Assessing Officer (Hereinafter Called “The Ao”) U/S 143(3) R.W.S. 147 Of The Income-Tax Act, 1961 (Hereinafter Called “The Act”) For Ay 2010-11. I.T.A. No.6534/Mum/2017

u/s 143(3) r.w.s. 147 of the Income-tax Act, 1961 (hereinafter called “the Act”) for AY 2010-11. I.T.A. No.6534/Mum/2017 2. The grounds of appeal raised by assessee in the memo of appeal filed with the Income-Tax Appellate Tribunal, Mumbai (hereinafter called “the tribunal”) read as under:- ―A) Re-opening is bad in law and reassessment order passed

SHANNO MOHAMMED YUSUF WARSI ,MUMBAI vs. INCOME TAX OFFICER-25(1)(3), MUMBAI

In the result, the appeal

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2013-14

147 of the Act. 2.1 During reassessment proceedings the Assessing Officer asked During reassessment proceedings the Assessing Officer asked During reassessment proceedings the Assessing Officer asked the assessee to justify sale consideration of ₹2,30,01, the assessee to justify sale consideration of 01,500/-received as genuine. The Assessing on sale of shares of on sale of shares

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

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai

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

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

147 & 143(3) respectively of the Income Tax Act, 1961 (hereinafter referred to as Act) dated „Nil‟ by the ld. Dy. Commissioner of Income Tax, Central Circle-3(4), Mumbai (hereinafter referred to as ld. AO). This appeal in ITA No. 1611/Mum/2021 for A.Y.2015-16 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-51, Mumbai