NAVNIDHI STEEL AND ENGG CO. P.LTD,MUMBAI vs. DCIT 5(2)(1), MUMBAI

The appeal of the assessee is dismissed

Bench: Shri Joginder Singh, Assessment Year: 2007-08

68 of the Act. 2.2. On appeal before the Ld. Commissioner of Income Tax (Appeal), the factual matrix was considered and finally the addition made by the Ld. Assessing Officer was affirmed on the ground that the creditworthiness of the parties and the genuineness of the transaction were not satisfactorily explained. 2.3. The assessee is in appeal before this Tribunal

ADITYA BIRLA SUN LIFE AMC LIMITED,MAHARASHTRA vs. THE DEPUTY COMMISSIONER OF INCOME TAX- CIRCLE 6(1)(1), MAHARASHTRA

Bench: Shri Amit Shukla & Shri Makarand Vasant Mahadeokar1. Ita No. 6663/Mum/2025 (Assessment Year: 2017-18) 2. Ita No. 6701/Mum/2025 (Assessment Year: 2018-19) 3. Ita No. 6702/Mum/2025 (Assessment Year: 2022-23) & 4. Ita No. 6703/Mum/2025 (Assessment Year: 2023-24) Aditya Birla Sun Life Dcitcircle-6(1)(1), Amc Limited, Room No. 502, 5Th 17Th Floor, One World Vs. Floor, Aayakar Centre Tower-1, Jupiter Bhavan, M. K. Mill Compount, 841, Road, Churchgate, Senapati Bapat Marg, Mumbai-400 020 Delisle Road, S.O. Mumbai-400 013 Pan/Gir No. Aaacb6134D (Applicant) (Respondent) Assessee By Shri Ronak Doshi, Shri Shrey Agrawal & Shri Aadish Jain, Ld. Ars Revenue By Shri Surendra Mohan, Ld. Dr Date Of Hearing 27.01.2026 Date Of Pronouncement 06.02.2026

section 143(1), declined to adjudicate the issue on merits, and dismissed the grounds raised by the assessee. Consequently, the appeal was dismissed. 68

ADITYA BIRLA SUN LIFE AMC LIMITED,MAHARASHTRA vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 6(1)(1), MAHARASHTRA

Accordingly, this ground is allowed

section 143(1), declined to adjudicate the issue on merits, and dismissed the grounds raised by the assessee. Consequently, the appeal was dismissed. 68

ADITYA BIRLA SUN LIFE AMC LIMITED,MAHARASHTRA vs. THE DEPUTY COMMISSIONER OF INCOME TAX- CIRCLE 6 (1)(1), MAHARASHTRA

Accordingly, this ground is allowed

section 143(1), declined to adjudicate the issue on merits, and dismissed the grounds raised by the assessee. Consequently, the appeal was dismissed. 68

VODAFONE INDIA LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7(3), MUMBAI

In the result, the appeal of the assessee is allowed

143(3) read with Section 263 of the Act, wherein, he has made an addition of Rs 795,96,83,862 under Section 68

RAHEJA LEGENCY TRUST,MUMBAI vs. ACIT, CIR-22(1), MUMBAI

In the result, the appeal of the assessee is partly allowed and appeal filed by the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri Amarjit Singhassessment Year: 2018-19

68 do not apply to such loans at all and no part of such loans could have been assessed as unexplained cash credit for the year under consideration. Further, the appellant has also submitted that these loans were appearing as the closing balance for the immediately preceding assessment year which has been already assessed under Section 143

ACIT CIRCLE-22(1), MUMBAI vs. RAHEJA LEGACY TRUST, MUMBAI

In the result, the appeal of the assessee is partly allowed and appeal filed by the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri Amarjit Singhassessment Year: 2018-19

68 do not apply to such loans at all and no part of such loans could have been assessed as unexplained cash credit for the year under consideration. Further, the appellant has also submitted that these loans were appearing as the closing balance for the immediately preceding assessment year which has been already assessed under Section 143

DUCK CREEK TECHNOLOGIES INDIA LLP,MUMBAI vs. ACIT- CIRCLE 26 (1), MUMBAI

In the result, the appeal is allowed

143(1) of the Act under section 43B of the Act amounting to INR 68,05,543 without even

ACIT CENT. CIR -5(4) , MUMBAI vs. SHRI NITAN CHHATWAL , MUMBAI

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

section 132 of the Act on 09-01-2018. Consequent thereto, the AO initiated the assessment proceedings u/s 153A of the Act for this year. The AO completed the assessment u/s 143(3) r.w.s 153A of the Act determining total income of the assessee at Rs.43.41 crores by making various additions. The main addition made

THE ACIT CENT. CIR -5(4) , MUMBAI vs. SHRI NITAN CHHATWAL, MUMBAI

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

section 132 of the Act on 09-01-2018. Consequent thereto, the AO initiated the assessment proceedings u/s 153A of the Act for this year. The AO completed the assessment u/s 143(3) r.w.s 153A of the Act determining total income of the assessee at Rs.43.41 crores by making various additions. The main addition made

RAKESH JAIN,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE (NFAC), DELHI

In the result the appeal filed by the assessee stands allowed

68, read with section 153A, of\nthe Income-tax Act, 1961 Cash credit\n(Unexplained cash deposits) - Assessment\nyear 2017-18 Certain cash was\ndeposited during post demonetisation in\naccount of assessee, engaged in resale of\njewellery, diamond etc. Assessing Officer\nobserved that there were two sets of\nbooks of account, i.e., one in computer of\naccountant and another

IDHASOFT LTD.,MUMBAI vs. DCIT - 15(2)(1), MUMBAI

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 2007-08 M/S Idhasoft Ltd. Dcit-15(2)(1), 3, Narayan Building, Room No.357, 3Rd Floor बनाम/ 23 L. N. Road, Dadar East, Aayakar Bhavan, Vs. Mumbai-400014 M. K. Road, Mumbai-400020 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. Aabci6090G Assessment Year: 2007-08 Dcit-15(2)(1), M/S Idhasoft Ltd. Room No.357, 3Rd Floor 3, Narayan Building, बनाम/ Aayakar Bhavan, 23 L. N. Road, Dadar East, Vs. M. K. Road, Mumbai-400014 Mumbai-400020 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aabci6090G

143(1), it had escaped assessment. On these facts the initiation of the proceedings under section 147 read with section 148 for assessment years 2005-06 and 2006-07 was legal and in accordance with law. 2.23. Likewise, in the case of Sunil Kumar lain: Suresh Chandra lain v. ITO, (2006) 284 ITR 626 (All), notwithstanding the fact

OLEANDER FARMS P.LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal of the assessee is allowed in terms indicated hereinabove

Bench: Transfer Of File To The Ao Of The Assessee. 3. Rival Contentions Have Been Heard & Record Perused.

section 143(3), AO made addition u/s 68 in respect of unexplained cash credit, agricultural income, addition on account

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

Section 143(1)(a)." 6.1 In this case, no scrutiny assessment was framed and the return of income was routinely processed u/s.143(l) of the Act. Having regard to the facts and circumstances of the case and in the light of the decision of Hon'bIe Delhi High Court cited above, ground no.1 of appeal is hereby dismissed

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

Section 143(1)(a)." 6.1 In this case, no scrutiny assessment was framed and the return of income was routinely processed u/s.143(l) of the Act. Having regard to the facts and circumstances of the case and in the light of the decision of Hon'bIe Delhi High Court cited above, ground no.1 of appeal is hereby dismissed

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

Section 143(1)(a)." 6.1 In this case, no scrutiny assessment was framed and the return of income was routinely processed u/s.143(l) of the Act. Having regard to the facts and circumstances of the case and in the light of the decision of Hon'bIe Delhi High Court cited above, ground no.1 of appeal is hereby dismissed

LUMINANT INVESTMENTS LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -40, MUMBAI

In the result, the appeal of the assessee is dismissed

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2006-07 Luminant Investments Ltd., Dy. Cit Central Circle 40, (Formerly Known As Luminant Aayakar Bhavan, M.K. Road, Vs. Investment Pvt. Ltd.) Mumbai-400020. 121, Radha Bhuvan, 1St Floor, Nagindas Master Road, Fort, Mumbai-400023. Pan No. Aaacl 0834 A Appellant Respondent

Section 68 of the Act. The relevant finding of the Tribunal in relevant finding of the Tribunal in ITA No. 3925/Mum/2009 has been reproduced by the Ld. CIT(A) in ITA No. 3925/Mum/2009 has been reproduced by the Ld. ITA No. 3925/Mum/2009 has been reproduced by the Ld. the impugned order. For ready reference, same is reproduced

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 5(2), MUMBAI, NARIMAN POINT, MUMBAI vs. AGV CONSULTANTS , BORIVALI (E), MUMBAI

In the result, all the appeals filed by the revenue stands dismissed

Bench: Hon’Ble Shri Sandeep Gosain & Hon’Ble Shri Prabhash Shankar

68. In support of our contention we rely on the following decisions:- 1. CIT V/s. Orissa Corporation P. Ltd. 159 ITR 78 (SC) "Held, that in this case the respondent had given the names and addresses of the alleged creditors. It was in the knowledge of the Revenue that the said creditors were income-tax assessees. Their index numbers were