BARCLAYS BANK PLC,MUMBAI vs. CIT (INTERNATIONAL TAXATION)-RANGE-1, MUMBAI

In the result, the appeal by the assessee stands partly allowed

Bench: Shri Shamim Yahya (Am) & Shri Amarjit Singh (Jm)

68 held that the Tribunal held that the sale was a slump sale if it was a sale of a going concern, even if some of the assets were retained by the transferor and sections 50 and 50A of the Act were not applicable. In this case, the assessee has transferred a business asset and the business asset

TATA AIA LIFE INSURANCE CO.LTD,MUMBAI vs. ASST CIT (TDS) CIR 3(1), MUMBAI

In the result, appeal is allowed for statistical purposes

Bench: Shri Saktijit Dey & Shri Ramit Kochar

68,29,450. Against the intimation issued under section 200A, assessee preferred appeal before the learned Commissioner (Appeals). 3. The learned Commissioner (Appeals), however, dismissed the appeal of the assessee by holding that the intimation issued under section 200A, is not appealable under section 246A

U S ROOFS LTD.,,NAVI MUMBAI vs. ADDL/JT/DY/ACIT/ITO, NFE-ASS C, DELHI DELHI, DELHI

Bench: Shri Kuldip Singh & Shri Amarjit Singh

68 of the Act be deleted. ITA Nos.2102-2105 & 2112 /Mum/2023 :: 5 :: 14.3. Without prejudice to the above, the Appellant prays that the Ld. AO, at best, could have added only Rs.3,32,369 as cash credits received from Udani Traders being net of receipts of Rs.8,60,000 as reduced by payments of Rs.5,27,631. 15.1. Without prejudice

U S ROOFS LTD.,,NAVI MUMBAI vs. ADDL/JT/DY/ACIT/ITO, NFE-ASS C, DELHI DELHI, DELHI

Bench: Shri Kuldip Singh & Shri Amarjit Singh

68 of the Act be deleted. ITA Nos.2102-2105 & 2112 /Mum/2023 :: 5 :: 14.3. Without prejudice to the above, the Appellant prays that the Ld. AO, at best, could have added only Rs.3,32,369 as cash credits received from Udani Traders being net of receipts of Rs.8,60,000 as reduced by payments of Rs.5,27,631. 15.1. Without prejudice

U S ROOFS LTD.,,NAVI MUMBAI vs. ADDL/JT/DY/ACIT/ITO, NFE-ASS C, DELHI DELHI, DELHI

Bench: Shri Kuldip Singh & Shri Amarjit Singh

68 of the Act be deleted. ITA Nos.2102-2105 & 2112 /Mum/2023 :: 5 :: 14.3. Without prejudice to the above, the Appellant prays that the Ld. AO, at best, could have added only Rs.3,32,369 as cash credits received from Udani Traders being net of receipts of Rs.8,60,000 as reduced by payments of Rs.5,27,631. 15.1. Without prejudice

U S ROOFS LTD.,,NAVI MUMBAI vs. ADDL/JT/DY/ACIT/ITO, NFE-ASS C, DELHI DELHI, DELHI

Bench: Shri Kuldip Singh & Shri Amarjit Singh

68 of the Act be deleted. ITA Nos.2102-2105 & 2112 /Mum/2023 :: 5 :: 14.3. Without prejudice to the above, the Appellant prays that the Ld. AO, at best, could have added only Rs.3,32,369 as cash credits received from Udani Traders being net of receipts of Rs.8,60,000 as reduced by payments of Rs.5,27,631. 15.1. Without prejudice

U S ROOFS LTD.,,NAVI MUMBAI vs. ADDL/JT/DY/ACIT/ITO, NFE-ASS C, DELHI DELHI, DELHI

Bench: Shri Kuldip Singh & Shri Amarjit Singh

68 of the Act be deleted. ITA Nos.2102-2105 & 2112 /Mum/2023 :: 5 :: 14.3. Without prejudice to the above, the Appellant prays that the Ld. AO, at best, could have added only Rs.3,32,369 as cash credits received from Udani Traders being net of receipts of Rs.8,60,000 as reduced by payments of Rs.5,27,631. 15.1. Without prejudice

CABLE AND WIRELESS (INDIA) LTD,MUMBAI vs. DCIT (IT) CIR 2(1)(1), MUMBAI

In the result, appeal stands dismissed

Bench: Shri Pramod Kumar & Shri Saktijit Dey

68,24,622, under the normal provisions and computed the total income of ` 1,04,30,850. Since, the tax computed on the book profit was more than tax computed on the income assessed under the normal provisions, the Assessing Officer assessed the tax under section 115JB of the Act. Against the aforesaid order passed by the Assessing Officer

MORYA HOUSE MAKERS,NAVI MUMBAI vs. DCIT CEN CIR 39, MUMBAI

In the result, this appeal is allowed for statistical purposes

68 of the I.T. Act. Before learned CIT(A) the AR of the assessee submitted that it was booking amount received from Shri Sahul Hameed and photocopy of confirmation and PAN was submitted. But, learned CIT(A) 7 Shri Morya House Makers rejected the same as no reason was given for not submitting the details before the AO when

DEEPAK NOVOCHEM TECHNOLOGIES LTD,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-8(1), MUMBAI

In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are allowed partly for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Ita Nos. 2558 To 2562/Mum/2023 Assessment Years: 2014-15 To 2018-19 Deepak Novochem The Acit, Cc-8(1), Technologies Ltd., Aayakar Bhavan, Room No. Vs. 515, 5Th Floor, Citi Point, Boat 656, 6Th Floor, M.K. Road, Club Road, Pune City, Mumbai-400020. Pune-411 001. Pan No. Aaccd 5796 K Appellant Respondent Assessee By : Mr. H.P. Mahajani Revenue By : Mrs. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 16/11/2023 Date Of Pronouncement : 28/11/2023

68,51,063), AY 2014-15 (Rs. 1,09,789) and AY 15 (Rs. 1,09,789) and AY 2015-16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. Initiation of penalty proceedings

DEEPAK NOVOCHEM TECHNOLOGIES LTD,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(1), MUMBAI

In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are allowed partly for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Ita Nos. 2558 To 2562/Mum/2023 Assessment Years: 2014-15 To 2018-19 Deepak Novochem The Acit, Cc-8(1), Technologies Ltd., Aayakar Bhavan, Room No. Vs. 515, 5Th Floor, Citi Point, Boat 656, 6Th Floor, M.K. Road, Club Road, Pune City, Mumbai-400020. Pune-411 001. Pan No. Aaccd 5796 K Appellant Respondent Assessee By : Mr. H.P. Mahajani Revenue By : Mrs. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 16/11/2023 Date Of Pronouncement : 28/11/2023

68,51,063), AY 2014-15 (Rs. 1,09,789) and AY 15 (Rs. 1,09,789) and AY 2015-16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. Initiation of penalty proceedings

DEEPAK NOVOCHEM TECHNOLOGIES LTD,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(1), MUMBAI

In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are allowed partly for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Ita Nos. 2558 To 2562/Mum/2023 Assessment Years: 2014-15 To 2018-19 Deepak Novochem The Acit, Cc-8(1), Technologies Ltd., Aayakar Bhavan, Room No. Vs. 515, 5Th Floor, Citi Point, Boat 656, 6Th Floor, M.K. Road, Club Road, Pune City, Mumbai-400020. Pune-411 001. Pan No. Aaccd 5796 K Appellant Respondent Assessee By : Mr. H.P. Mahajani Revenue By : Mrs. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 16/11/2023 Date Of Pronouncement : 28/11/2023

68,51,063), AY 2014-15 (Rs. 1,09,789) and AY 15 (Rs. 1,09,789) and AY 2015-16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. Initiation of penalty proceedings

DEEPAK NOVOCHEM TECHNOLOGIES LTD,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-8(1), MUMBAI

In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are allowed partly for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Ita Nos. 2558 To 2562/Mum/2023 Assessment Years: 2014-15 To 2018-19 Deepak Novochem The Acit, Cc-8(1), Technologies Ltd., Aayakar Bhavan, Room No. Vs. 515, 5Th Floor, Citi Point, Boat 656, 6Th Floor, M.K. Road, Club Road, Pune City, Mumbai-400020. Pune-411 001. Pan No. Aaccd 5796 K Appellant Respondent Assessee By : Mr. H.P. Mahajani Revenue By : Mrs. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 16/11/2023 Date Of Pronouncement : 28/11/2023

68,51,063), AY 2014-15 (Rs. 1,09,789) and AY 15 (Rs. 1,09,789) and AY 2015-16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. Initiation of penalty proceedings

DEEPAK NOVOCHEM TECHNOLOGIES LTD,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX-CENTRAL CIRCLE-8(1), MUMBAI

In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are allowed partly for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Ita Nos. 2558 To 2562/Mum/2023 Assessment Years: 2014-15 To 2018-19 Deepak Novochem The Acit, Cc-8(1), Technologies Ltd., Aayakar Bhavan, Room No. Vs. 515, 5Th Floor, Citi Point, Boat 656, 6Th Floor, M.K. Road, Club Road, Pune City, Mumbai-400020. Pune-411 001. Pan No. Aaccd 5796 K Appellant Respondent Assessee By : Mr. H.P. Mahajani Revenue By : Mrs. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 16/11/2023 Date Of Pronouncement : 28/11/2023

68,51,063), AY 2014-15 (Rs. 1,09,789) and AY 15 (Rs. 1,09,789) and AY 2015-16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. 16 (Rs. 18,54,948), to the taxable income of the Appellant. Initiation of penalty proceedings

SANGEETA MOTILAL SHAHANI,MUMBAI vs. ITO 27(3)(1), VASHI NAVI MUMBAI

sections": [ "143(1)", "143(3)", "68", "250(4)", "250(6)", "251(1)(a)", "251(1)(h)", "251(2)", "246A

RAVINDRA PRATAPRAI DOSHI,MUMBAI vs. INCOME TAX OFFICER 29(3)(1), MUMBAI

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

Bench: Shri Shamim Yahya & Shri Ravish Soodravindra Prataprai Doshi The Income Tax Officer, Room No. 6, A Wing, Ward 29(3)(1), Premrose, Chs, 305, C-10, Pratyaksh Kar Bhavan, Dadasaheb Gaikwad Road, Vs. Bandra Kurla Complex Tambe Nagar, Mulund (E) Bandra (East), Mumbai- 400080 Mumbai -400051

68 in respect of the alleged unaccounted cash credits in his bank accounts. As is discernible from the order of the CIT(A), we find, that the latter after culling out the facts of the case, had dismissed the appeal of the assessee for the reason that he had failed to put up an appearance before him. In our considered

MULTI DIMENSIONAL ASSET & WEALTH CREATION LLP ( EARILER MULTI-DIMENSIONAL ASSET & WEALTH CREATION PRIVATE LIMITED),MUMBAI vs. ITO WARD- 10(2)(4), MUMBAI

In the result, the appeal filed by the assessee is allowed as indicated above

Bench: Shri Prashant Maharishi, Am & Shri Sunil Kumar Singh, Jm Multi Dimensional Asset & Wealth Creation Llp ( Earlier Ito Multi Dimensional Asset & Ward 10(2)(4) Wealth Creation Private Room No.213, 2Nd Floor, Vs. Limited) Aaykar Bhavan, C/408, Shirin Sohrab Palace, Mumbai-400 020 Nariman Point East, Mumbai-400 057 (Appellant) (Respondent) Pan No. Aagcm7603Q

section 147 of the Income-tax Act, 1961 (the Act) dated 16th December, 2016, passed by the Asst. Commissioner of Income Tax, Range 10(2)(4), Mumbai. Assessee has raised following grounds of appeal:- 02. “1. On the facts and under the circumstances of the case and in law, the Ld. CIT(A) erred in passing the order

ASST CIT 19(3), MUMBAI vs. RAJESH M SHAH(HUF), MUMBAI

Bench: Hon’Ble Sh. R. C. Sharma, Am & Hon’Ble Sh. Sandeep Gosain, Jm आयकरअपीलसं./ I.T.A. No. 7105/Mum/2016 (िनधा"रणवष" / Assessment Year: 2012-13)

section 68 of the Act are applicable. 6.3.28 In the case before me, the record also shows that to prove the genuineness of the impugned loan entries from the 6 creditors, the appellant has 8 I.T.A. No. 7105/Mum/2016 Rajesh M Shah (HUF) furnished to the Assessing Officer the following details copies of which were also furnished in the present