HELLIOS EXPORTS LIMITED,MUMBAI vs. THE COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-8(2), MUMBAI

144", "Section 143(2)", "Section 69C", "Section 115BBE", "Section 153D", "Section 271AAB(1A)", "Section 68

HELIOS MERCANTILE LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI

144", "Section 143(2)", "Section 69C", "Section 115BBE", "Section 132", "Section 132A", "Section 153B", "Section 144BA", "Section 2(28C)", "Section 117", "Section 148", "Section 271AAA", "Section 271(1)(c)", "Section 271AAB(1A)", "Section 68

LATE SHRI MOHAN RAJ CHHAJED (THROUGH LEGAL JEOR SHANTILAL CHHAJED),MUMBAI vs. ITO,WARD-2, PALI

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

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Late Shri Mohan Raj Chhajed Income Tax Officer, Ward-2, (Through Legal Heir Shantilal Pali Rajasthan-306-401. Chhajed), Vs. 601, Shilpa Apartments, C.D. Barfiwala Marg, Juhu Lane, Andheri (W), Mumbai-400058. Pan No. Aaipc 6614 N Appellant Respondent

68,262/- out of the interest expenditure of out of the interest expenditure of ₹ ₹5,99,818/- for interest-free advances to relatives. In this manner free advances to relatives. In this manner free advances to relatives. In this manner, the Assessing Officer after allowing after allowing deduction under Chapter VI-A, A, assessed total income

HELIOS MERCANTILE LIMITED ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI, MUMBAI.

144", "Section 143(2)", "Section 69C", "Section 115BBE", "Section 153D", "Section 132", "Section 2(28C)", "Section 117", "Section 148", "Section 153B", "Section 144BA", "Section 271AAA", "Section 271(1)(c)", "Section 271AAB(1A)", "Section 68

UMASHANKER SHIWAPRASAD MODI,THANE vs. CIRCLE 19(3), MUMBAI, MUMBAI

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

Bench: Shri Sandeep Gosain () & Shri Om Prakash Kant () Assessment Year: 2018-19 Mr. Umashanker Modi Income Tax Department, Office No. D, 12Th Floor, Mbc Park, National Faceless Appeals Vs. D Building, Near Hypercity, Centre (Nfac), Delhi. Ghodbunder Road, Kasarvadavali, Thane West, Thane- 400615. Pan No. Aabpm 8785 D Appellant Respondent

144 of the income tax act. While completing the assessment of the appellant additions were made under section 68

SVP GLOBAL TEXTILES LTD FORMERLY SVP GLOBAL VENTURES LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI MUMBAI, MUMBAI

144", "Section 143(2)", "Section 69C", "Section 115BBE", "Section 153D", "Section 153B", "Section 2(28C)", "Section 117", "Section 148", "Section 144BA", "Section 271AAA", "Section 271(1)(c)", "Section 271AAB(1A)", "Section 68

HELIOS MERCANTILE LIMITED ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-6(1), MUMBAI

144", "Section 143(2)", "Section 69C", "Section 115BBE", "Section 153D", "Section 132", "Section 132A", "Section 153B", "Section 144BA", "Section 2(28C)", "Section 117", "Section 148", "Section 271AAA", "Section 271(1)(c)", "Section 271AAB(1A)", "Section 68

SHAKUNTALA KAMBLE (LEGAL REPRESENTATIVE OF PREMCHAND KAMBLE),THANE vs. DCIT -CENT. CIR `, THANE

Section 144 read with Section 153A of the Act. 8.2. The Assessee has raised the following grounds of appeal in ITA No. 1765/Mum/2021: “4. That this appeal is preferred by the Appellant for the following reliefs which are erroneously denied by the Hon’ble CIT Appeals 11 as per order dated 20/12/2019 in appeal no. 928/A.Y

ACIT (CC) -8(2) , MUMBAI vs. M/S. HELIOS MERCANTILE LTD, MUMBAI

144 read with section\nPage 17\nITA No.1275/Mum/2022\nSVP southwest Industries Ltd; A.Y. 16-17 & Ors\n153A is passed without following the principles of natural\njustice, and hence, deserves to be quashed.\n010. The learned AO is aggrieved challenging the appellate order raising\nfollowing grounds in ITA number 1595/M/2022:-\ni. on the facts and circumstances of the case

ITO 19(2)(3), MUMBAI vs. MEENAKSHI N SHAH, MUMBAI

Bench: Shri Joginder Singh & Shri G. Manjunathaassessment Year: 2007-08 Dcit 5(2)(2) Meridian Chem Bond Mumbai Purchase Ltd., बनाम/ 903 Raheja Centre, Free Vs. Press Journal Marg, Nariman Point, Mumbai 400 021 (राज"व /Revenue) ("नधा"रती /Assessee) Pan. Aaacr1789G

144. The mere fact that it was not communicated to the assessee would not make such an assessment recorded in the order sheet illegal and that would not bar further 58 Meridian Chem Bond P Ltd. & Meenakshi N Shah ITA No.7385 & 7082/Mum/2016 & C.O. No.86 & 85/Mum/2018 proceedings under section 147. Thus, the assessment was held to be validly reopened under

SHRIVALLABH PITTE INDUSTRIES LTD ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX,CENTRAL CIRLE -6(1) , MUMBAI

144 read with section\n153A is passed without following the principles of natural\njustice, and hence, deserves to be quashed.\n010. The learned AO is aggrieved challenging the appellate order raising\nfollowing grounds in ITA number 1595/M/2022:-\ni. on the facts and circumstances of the case and in law, the\nlearned CIT – A erred in restricting the addition made

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

144 read with section\nPage 17\nITA No.1275/Mum/2022\nSVP southwest Industries Ltd; A.Y. 16-17 & Ors\n153A is passed without following the principles of natural\njustice, and hence, deserves to be quashed.\n010. The learned AO is aggrieved challenging the appellate order raising\nfollowing grounds in ITA number 1595/M/2022:-\ni. on the facts and circumstances of the case

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

144 read with section\n153A is passed without following the principles of natural\njustice, and hence, deserves to be quashed.\n010.\nThe learned AO is aggrieved challenging the appellate order raising\nfollowing grounds in ITA number 1595/M/2022:-\ni.\non the facts and circumstances of the case and in law, the\nlearned CIT – A erred in restricting the addition made

ASSTT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1), MUMBAI vs. HELIOS MERCANTILE LIMITED, MUMBAI

144 read with section\n\nPage | 17\nITA No.1275/Mum/2022\nSVP southwest Industries Ltd; A.Y. 16-17 & Ors\n\n153A is passed without following the principles of natural\njustice, and hence, deserves to be quashed.\n\n010. The learned AO is aggrieved challenging the appellate order raising\nfollowing grounds in ITA number 1595/M/2022:-\n\ni.\non the facts and circumstances

NISA INDUSTRIAL SERVICES PVT. LTD.,MUMBAI vs. ACIT- WD -10(3)(1), MUMBAI

Bench: Shri C. N. Prasad, Jm & Shri S. Rifaur Rahman, Am

section 68 of the Act. 6. By relying on the decision of Hon’ble Apex Court in the case of CIT versus Durga Prasad More (82 ITR 540) and Sumati Dayal versus CIT (214 ITR 801), AO observed that the revenue authorities are also supposed to consider the surrounding circumstances and apply the test of human probabilities. He observed

SHRIVALLABH PITTE INDUSTRIES LTD MUMBAI,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6(1),MUMBAI, MUMBAI

144 read with section\nPage 16\nITA No.1275/Mum/2022\nSVP southwest Industries Ltd; A.Y. 16-17 & Ors\n153A is passed without following the principles of natural\njustice, and hence, deserves to be quashed.\n010. The learned AO is aggrieved challenging the appellate order raising\nfollowing grounds in ITA number 1595/M/2022:-\ni.\non the facts and circumstances of the case

NEMCHAND J GALA,MUMBAI vs. DCIT CC 12, MUMBAI

In the result, all the appeals filed by the assessee and Revenue are allowed for statistical purposes

Bench: Shri Joginder Singh & Shri Rajesh Kumar

144 r.w.s. 153A of the Act and made various additions towards cessation of liability under Section 41(1)(a), unexplained cash credit under Section 68

NEMCHAND J GALA,MUMBAI vs. DCIT CC 12, MUMBAI

In the result, all the appeals filed by the assessee and Revenue are allowed for statistical purposes

Bench: Shri Joginder Singh & Shri Rajesh Kumar

144 r.w.s. 153A of the Act and made various additions towards cessation of liability under Section 41(1)(a), unexplained cash credit under Section 68