MANGAL ROYAL JEWELS PVT. LTD.,MUMBAI vs. ACIT, CENTRAL CIRCLE-1(3), MUMBAI

In the result, the appeal filed by the revenue is dismissed and the appeal filed by the asseees is allowed

Bench: Shri Br Baskaranshri Pavan Kumar Gadalem/S Mangal Royal Vs. Acit-Cc-1(3), Jewels Pvt Ltd. 29C, Room No.905, 9Thfoor, Shyam Kamal Co- Old Cgo Bldg,Annexe, Operative Housing M.K. Road, Society Ltd, Agarwal Mumbai-400020. Market, M.G. Road, Vile Parle (E), Mumbai-400057. Pan/Gir No. : Aaicm0846R Appellant .. Respondent Dy.Cit-Cc 4(3), Vs. M/S Mangal Royal Central Range-4, Jewels Pvt Ltd. 29C, Room No.1921, Shyam Kamal Co- 19Th Floor, Air India Operative Housing Bldg, Nariman Point, Society Ltd, Agarwal Mumbai-400021. Market, M.G. Road, Vile Parle (E), Mumbai-400057 Pan/Gir No. : Aaicm0846R Appellant .. Respondent Appellant/Respondent Mr.Poojan Mehta.Ar By : Respondent/Appellant By Mr.Prakash Kishinchandani.Dr Date Of Hearing 08.09.2023 Date Of Pronouncement 28.11.2023

section 68 of the Act ought to be deleted”’ 21. The CIT(A) has considered the business operations, evidences and provisions of the Act and has deleted the addition, observing at Para 12.2 to 12.5 of the order as under: “12.2 I have carefully considered the findings of the AO in the assessment order in the light of submissions

KEMOX CORPORATION,BHIWANDI vs. DCIT-CC-3, THANE, THANE

In the result, all the appeals of the Assessee under\nconsideration are allowed as per terms set out in each appeal's order

302\nPAN: AAFFK4685A\n(Appellant)\nDCIT-CC-3,\nRoom No.12, A Wing,\nVs.16th Floor, Ashar IT Park,\nThane West,\nMaharashtra - 400604\n(Respondent)\nPresent for:\nAssessee by\n: Ms. Simran Dhawan, Ld. A.R.\na/w Shri Ravi Gantra, Ld. A.R.\nRevenue by\n: Shri Ritesh Misra, Ld. D.R.\nDate of Hearing\nDate of Pronouncement\n: 28.07.2025\n: 24.10.2025\nORDER\nPer : Narender

MEGHJI MANSUKHLAL DODHIA,BHIWANDI vs. DCIT-CC-3, THANE, THANE

302\n(Applicant)\nDCIT CC-3, Thane\nVs.\nRoom No. 12, A Wing,\n6th floor, Ashar IT\nPark, Thane, West,\nMaharashtra -\n400 604\nPAN/GIR No. AASPD6746L\n(Respondent)\n(2)\nIT(SS)A No. 2226, 2223, 2222 & 2225/Mum/2025 &\nITA No. 2224/Mum/2025\nMansukhlal Meghji Dodhia\nAssessee by\nRevenue by\nDate of Hearing\nDate of Pronouncement\nMs. Simran Dhawan, Ld. AR\nShri

ANJANI AGRICO IMPLEMENTS PVT. LTD.,MUMBAI vs. ITO WARD - 2(1)(1), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Joginder Singh & Shri G. Manjunathaassessment Year: 2000-01 Anjani Agrico Implements Income Tax Officer, Pvt. Ltd. Ward-2(1)(1), बनाम/ 302, Standard House, 83, Aayakar Bhavan, Vs. M.K. Road, M.K. Road, Mumbai-400002 Mumbai-400020 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.Aabca1949A

302, Standard House, 83, Aayakar Bhavan, Vs. M.K. Road, M.K. Road, Mumbai-400002 Mumbai-400020 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No.AABCA1949A "नधा"रती क" ओर से / Assessee by Shri Sashank Dundu राज"व क" ओर से / Revenue by Shri Ram Tiwari-DR सुनवाई क" तार"ख / Date of Hearing : 04/06/2018 04/06/2018 घोषणा क" तार"ख/Date of Pronouncement

BAO VALUE FUND,MUMBAI vs. ACIT, INTERNATIONAL TAX, CIRCLE-1(2)(1), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Amit Shukla, Jm & Ms Padmavathy S, Am

section 68 of the Act. The assessee raised further objections before the DRP who vide order dated 30.12.2023 upheld the findings of the AO. The primary reason given by the DRP for upholding the addition is that the company in which the assessee has transacted is tainted scrip and hence the addition has been correctly made

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

Section brought to tax. When once the proceedings are initiated under Section brought to tax. When once the proceedings are initiated under Section 153A of the SRP 41/61 153A of the SRP 41/61 ITXA523.13.doc Act, the legal effect is even in case 3.doc Act, the legal effect is even in case Shri Sanjay Shantilal Jain Shri Sanjay

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

Section brought to tax. When once the proceedings are initiated under Section brought to tax. When once the proceedings are initiated under Section 153A of the SRP 41/61 153A of the SRP 41/61 ITXA523.13.doc Act, the legal effect is even in case 3.doc Act, the legal effect is even in case Shri Sanjay Shantilal Jain Shri Sanjay

MATHURA ENTERPRISES,MUMBAI vs. JOINT COMMISSIONER OF INCOME TAX CIRCLE 21(1), MUMBAI

In the result the appeals by the assessee in ITA No

Bench: Shri Mahavir Singh & Shri Rajesh Kumarassessment Year: 2011-12

Section 68 of the Act is in relation to “Where any sum is found credited in the books of an assessee mainr3ineJ for any previous year, and the assessee offers no explanation about the nature and source thereof". The addition u/s 68 is to be made only in relation to transactions recorded in the books of the assessee. When

ANJANI AGRICO IMPLEMENTS P.LTD,MUMBAI vs. IT WD 2(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed, as above

Bench: Shri G.S.Pannu & Shri Sanjay Garganjani Agro Implements Pvt. Ltd. 302, Standard House, 83, M.K.Road, Mumbai 400 002 Pan:Aabca 1949A ...... Appellant Vs. The Ito, Ward 2(1)(1), Aaykar Bhavan,M.K.Road, Mumbai 400 020 .... Respondent Appellant By : Shri K.Shivram Respondent By : Shri Javed Akhtar Date Of Hearing : 22/07/2016 Date Of Pronouncement : 19/08/2016

302, Standard House, 83, M.K.Road, Mumbai 400 002 PAN:AABCA 1949A ...... Appellant Vs. The ITO, Ward 2(1)(1), Aaykar Bhavan,M.K.Road, Mumbai 400 020 .... Respondent Appellant by : Shri K.Shivram Respondent by : Shri Javed Akhtar Date of hearing : 22/07/2016 Date of pronouncement : 19/08/2016 ORDER PER G.S.PANNU,A.M: The captioned appeal filed by the assessee pertaining to assessment year

PRAKASH SHAH,MUMBAI vs. DCIT CIRCLE 12(2), MUMBAI

Bench: SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

302,029,530 87,35,363 2.23% PAPER CO. Shree SIRA 2010-11 141,216,131 36,47,181 2.56% PAPER CO. Shree SIRA 2011-12 266,856,966 68,74,382 2.57% PAPER CO. From the above it can be seen that either in the case of the assessee or in the case of similar case referred

SHAKTI HARDWARE COLLECTIONS P.LTD,MUMBAI vs. DCIT CEN CIR 22, MUMBAI

Bench: Sri Mahavir Singh, Jm & Sri G. Manjunatha, Am Shakti Hardware Collections The Dy. Commissioner Of Pvt. Ltd Income Tax, Cc-22, Vs. 60-62, Kika Street, Gulalwadi, Mumbai Mumbai-400 044 Appellant .. Respondent Pan No. Aaecs6501K

section 68 of the Act by the AO and confirmed by CIT(A). The following are the parties: - 3 Sr. No Particulars Amount 1. Daksons Impex Pvt. Ltd 24,00,000 7, Grant Lane, R.No. 302

KONARK FIXTURES LTD( SUCCESSOR TO KALINGA FIXTURES PVT LTD),MUMBAI vs. DCIT CIRCLE-6(1)(2), MUMBAI

In the result, the appeal filed by the assesse is allowed

section 68 unless it can be\nshown by the department that the source of such moneys come\nfrom the assessee himself or such source could be traced to the\nassessee itself. In the present case, while the existence of the\ncreditor is not in doubt & he has admitted to have advance the\nloan to the assessee, the fact that

ACIT CEN CIR 13, MUMBAI vs. ASIAN STAR DIAMONDS ITERNATIONAL P.LTD, MUMBAI

In the result, both appeals of the revenue are dismissed

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.4411/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S ‘A’ Star Exports, No.1103, 11Th Floor Old Cgo 114/116, Mittal Court, C- Wing, 11Th Floor, Nariman Building (Annex.) M.K.Road, Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aabfv 4508 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. & आमकय अऩीर सं./Ita No.4412/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S Asian Star Diamonds No.1103, 11Th Floor Old Cgo International Pvt. Ltd., Building (Annex.) M.K.Road, 114, Mittal Court, C- Wing, 11Th Floor, Nariman Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aaacp 4726 H (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

68,000 14,588,720 184.90 56,000 10,354,400 297.21 50,000 14,860,500 245.30 42,000 10,302,600 Total 1302.95 80,181,720 4.2.2. These documents were confronted to Shri Vipul Shah, partner of the assessee company, in the course of search proceedings. Sh. Vipul Shah confirmed that these loose papers were containing stock details

ACIT CEN CIR 13, MUMBAI vs. 'A' STAR EXPORTS, MUMBAI

In the result, both appeals of the revenue are dismissed

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.4411/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S ‘A’ Star Exports, No.1103, 11Th Floor Old Cgo 114/116, Mittal Court, C- Wing, 11Th Floor, Nariman Building (Annex.) M.K.Road, Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aabfv 4508 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. & आमकय अऩीर सं./Ita No.4412/Mum/2014 (नििाारण वषा / Assessment Years : 2011-2012) Acit, Central Circle-13, Room Vs. M/S Asian Star Diamonds No.1103, 11Th Floor Old Cgo International Pvt. Ltd., Building (Annex.) M.K.Road, 114, Mittal Court, C- Wing, 11Th Floor, Nariman Mumbai-400020 Point, Mumbai-400021 स्थामी रेखा सं./ जीआइआय सं./ Pan/Gir No. : Aaacp 4726 H (अऩीराथी /Appellant) (प्रत्मथी / Respondent) ..

68,000 14,588,720 184.90 56,000 10,354,400 297.21 50,000 14,860,500 245.30 42,000 10,302,600 Total 1302.95 80,181,720 4.2.2. These documents were confronted to Shri Vipul Shah, partner of the assessee company, in the course of search proceedings. Sh. Vipul Shah confirmed that these loose papers were containing stock details

M/S MULTIVENTURE FINANCIAL SERVICES PVT LTD.,MUMBAI vs. ITO 3 (2)(2), MUMBAI

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Amarjit Singh

302 (Bom), ITO vs. Prashant S. Joshi (2010) 189 Taxman 1 (Bom), CIT vs. Riyaz A. Sheikh (2014) 41 taxmann.com 455 (Bom), ITO vs. Shri Rajnish M. Bhandari (2012) 7 TMI 934- ITAT Pune, CIT vs. Mohanbhai Pamabhai (1973) 91 ITR 393 (Guj) & ACIT vs. Mohanbhai Pamabhai (1987) 165 ITR 166 (SC) has decided the issue in favour

ITO - 3(2)(2), MUMBAI vs. M/S MULTIVENTURE FINANCIAL SERVICES PVT. LTD, MUMBAI

In the result, the appeals of the Revenue are dismissed and the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Amarjit Singh

302 (Bom), ITO vs. Prashant S. Joshi (2010) 189 Taxman 1 (Bom), CIT vs. Riyaz A. Sheikh (2014) 41 taxmann.com 455 (Bom), ITO vs. Shri Rajnish M. Bhandari (2012) 7 TMI 934- ITAT Pune, CIT vs. Mohanbhai Pamabhai (1973) 91 ITR 393 (Guj) & ACIT vs. Mohanbhai Pamabhai (1987) 165 ITR 166 (SC) has decided the issue in favour

ASST. COMMISSIONER OF INCOME TAX- 14(1)(2), MUMBAI, AAKAR BHAVAN vs. FOODLINK SERVICES INDIA PVT LTD, MUMBAI

In the result, the appeals of the Revenue for

section 68 of the Act. On further appeal, the Ld. CIT(A) after\nconsidering the submission and analysing facts and evidences,\ndeleted the addition made by the Assessing Officer. Aggrieved, the\nRevenue is on appeal before the Income-Tax Appellate Tribunal (in\nshort the 'Tribunal') by way of raising grounds as reproduced above.\n5. The learned counsel

ASST. COMMISSIONER OF INCOME TAX- 14(1)(2), MUMBAI, AAYAKAR BHAVAN MUMBAI vs. FOODLINK SERVICES INDIA PVT LTD, MUMBAI

In the result, the appeals of the Revenue for

section 68 of the Act. On further appeal, the Ld. CIT(A) after\nconsidering the submission and analysing facts and evidences,\ndeleted the addition made by the Assessing Officer. Aggrieved, the\nRevenue is on appeal before the Income-Tax Appellate Tribunal (in\nshort the 'Tribunal') by way of raising grounds as reproduced above.\n5. The learned counsel