PRIYANKA SANDEEP RUNWAL,MUMBAI vs. THE DY CIT CC-4(1), MUMBAI

In the result, all the three appeals of t

Bench: Shri Om Prakash Kant () & Shri Anikesh Banerjee ()

section 292C of the Act, contending that such presumption is available only against the person from whose such presumption is available only against the person from whose such presumption is available only against the person from whose possession the documents are found and cannot be mechanically possession the documents are found and cannot be mechanically possession the documents are found

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-5(1), MUMBAI. , MUMBAI vs. EKJYOT PROPERTIES , MUMBAI

In the result, the appeal of the Revenue is dismissed

price. For this proposal, he was expecting a brokerage by 5% on the sale value of the flat, however, the proposal given by Mr. Amit Wadhavani was never materialized and they have not paid any brokerage to him for sale of above flat. It is further explained that in fact neither Flat No. 1001 nor any other flat was sold

SHIV SHANKAR SHARMA,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), MUMBAI, MUMBAI

In the result, all the appeals filed by the revenue are dismissed and the assessee’s appeals are partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

292C. This part of the argument of the appeal stands rejected. 11.4 The evidence no 8 to evidence no 11 as discussed by the AO in the assessment order is based on the documents/diaries seized during the search. These entries recorded in the seized documents have also been accepted by Shri Jiten Pujari as unaccounted cash transactions, therefore the contention

SHRI SHIV SHANKAR SHARMA,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), MUMBAI, MUMBAI

In the result, all the appeals filed by the revenue are dismissed and the assessee’s appeals are partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

292C. This part of the argument of the appeal stands rejected. 11.4 The evidence no 8 to evidence no 11 as discussed by the AO in the assessment order is based on the documents/diaries seized during the search. These entries recorded in the seized documents have also been accepted by Shri Jiten Pujari as unaccounted cash transactions, therefore the contention

DCIT CENTRAL CIRCLE-8(1), MUMBAI, MUMBAI vs. SHIVSHANKAR RAMSWAROOP SHARMA, MUMBAI

In the result, all the appeals filed by the revenue are dismissed and the assessee’s appeals are partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

292C. This part of the argument of the appeal stands rejected. 11.4 The evidence no 8 to evidence no 11 as discussed by the AO in the assessment order is based on the documents/diaries seized during the search. These entries recorded in the seized documents have also been accepted by Shri Jiten Pujari as unaccounted cash transactions, therefore the contention

DCIT, CENTRAL CIRCLE-8(1), MUMBAI, MUMBAI vs. SHIV SHANKAR SHARMA, MUMBAI

In the result, all the appeals filed by the revenue are dismissed and the assessee’s appeals are partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

292C. This part of the argument of the appeal stands rejected. 11.4 The evidence no 8 to evidence no 11 as discussed by the AO in the assessment order is based on the documents/diaries seized during the search. These entries recorded in the seized documents have also been accepted by Shri Jiten Pujari as unaccounted cash transactions, therefore the contention

DCIT, CENTRAL CIRCLE - 8 (1), MUMBAI, MUMBAI vs. SHIV SHANKAR SHARMA, MUMBAI

In the result, all the appeals filed by the revenue are dismissed and the assessee’s appeals are partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

292C. This part of the argument of the appeal stands rejected. 11.4 The evidence no 8 to evidence no 11 as discussed by the AO in the assessment order is based on the documents/diaries seized during the search. These entries recorded in the seized documents have also been accepted by Shri Jiten Pujari as unaccounted cash transactions, therefore the contention

SHIV SHANKAR SHARMA,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), MUMBAI, MUMBAI

In the result, all the appeals filed by the revenue are dismissed and the assessee’s appeals are partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

292C. This part of the argument of the appeal stands rejected. 11.4 The evidence no 8 to evidence no 11 as discussed by the AO in the assessment order is based on the documents/diaries seized during the search. These entries recorded in the seized documents have also been accepted by Shri Jiten Pujari as unaccounted cash transactions, therefore the contention

VRUSHALI SANJAY SHINDE,MUMBAI vs. DCIT, CC- 1, THANE

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blevrushali Sanjay Shinde V. Dcit, Central Circle-1 282, Boundary Road B-101, Marigold, Prestige Residency G.B. Road, Kavesar, Thane- 400607 Civil Line, Meerut - 250001 Pan: Ajnps5211K (Appellant) (Respondent) Assessee Represented By : Shri Sankalp Malik Department Represented By : Shri Shanti Subramanian

292C of the Act provides that contents of the documents seized during the search or survey operation, shall be presumed to be correct. During the assessment proceedings or appellate proceedings, the appellant has not file any submission or explanation as to why the notings made on these papers are incorrect. Since, the appellant has failed to rebut the presumption

ACIT CC-6(1), MUMBAI, BKC, MUMBAI vs. VINAYKUMAR SUDHAKAR DESHPANDE, SOLAPUR, MAHARASHTRA

In the result, the ground of appeal and consequently, the appeal filed by the Revenue are dismissed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankarassistant Commissioner Of V/S. Vinaykumar Sudhakar Income Tax, Central Circle- 6(1) बनाम Deshpande Room No. 445, 4Th Floor, 528, Deshpande Lane, Bandra Kurla Complex, Bandra Near Bank Sangola, (East), Mumbai – 400 051, Solapur – 413 307, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Abcpd0198H Appellant/अपीलार्थी .. Respondent/प्रतिवादी

292C of the Act could be taken only in the case of a person from whose possession the document or material has been found. 7.3.5 In the case of Straptex (India) (P.) Ltd. v Dy. CIT [2003] 84 ITD 320 (Mum- Trib.), the Hon’ble Mumbai ITAT also held that the presumption u/s 132(4A) is only in respect

DCIT, CC-6(1), MUMBAI, BKC, MUMBAI vs. RAJARAMPURI MOTIPURI GOSAVI, THANE

In the result, all the grounds of appeal and consequently, the appeal filed by the Revenue are dismissed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankardeputy Commissioner Of V/S. Rajarampuri Motipuri Income Tax, Central Circle – बनाम Gosavi 6(1) 1002 Steppes Vasant Lawns, Room No. 445, 4Th Floor, Pokharan Road No. 2, Kautilya Bhavan, Bandra Eastern Express Highway, Kurla Complex, Bandra Subhash Nagar, Thane – 400 (East), Mumbai – 400 051, 601, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Abjpg2425M Appellant/अपीलार्थी .. Respondent/प्रतिवादी

292C of the Act could be taken only in the case of a person from whose possession the document or material has been found. 7.3.5 In the case of Straptex (India) (P.) Ltd. v Dy. CIT [2003] 84 ITD 320 (Mum- Trib.), the Hon'ble Mumbai ITAT also held that the presumption u/s 132(4A) is only in respect

ACIT CC -6(1), MUMBAI, BKC, MUMBAI vs. ATUL BHIKARAM CHAVAN, AURANGABAD

In the result appeals filed by the revenue stands dismissed

Bench: Smt. Beena Pillai () & Shri Omkareshwar Chidara ()

292C of the Act could be taken only in the case of a person from whose possession the document or material has been found. 7.3.5 In the case of Straptex (India) (P.) Ltd. v Dy. CIT [2003] 84 ITD 320 (Mum- Trib.), the Hon'ble Mumbai ITAT also held that the presumption u/s 132(4A) is only in respect

ACIT CC -6(1), MUMBAI, BKC, MUMBAI vs. AJAYKUMAR BABURAO BHOSALE, AHMEDNAGAR

In the result appeals filed by the revenue stands dismissed

Bench: Smt. Beena Pillai () & Shri Omkareshwar Chidara ()

292C of the Act could be taken only in the case of a person from whose possession the document or material has been found. 7.3.5 In the case of Straptex (India) (P.) Ltd. v Dy. CIT [2003] 84 ITD 320 (Mum- Trib.), the Hon'ble Mumbai ITAT also held that the presumption u/s 132(4A) is only in respect

DCIT, CC-7(2), MUMBAI vs. M/S. PATANJALI FOODS LTD.,( FORMERLY KNOWN AS RUCHI SOYA INDUSTRIES LTD,, MUMBAI

transferred from the\nappellant company to M/s. Nova Trading Pvt Ltd by way of\njournal voucher entries on 31.3.2008. No further advances were\ngiven to the said brokers thereafter. Thus, during the assessment\nyear under consideration there was no balance outstanding in the\nname of the above-said brokers. Since, there was no outstanding\nbalance in the name

M/S. PATANJALI FOODS LTD (FORMERLY KNOWN AS RUCHI SOYA INDUSTRIES LTD),MUMBAI vs. DY COMM OF INCOME TAX- CENTRAL CIRCLE-7(2), MUMBAI

In the result, the appeal and cross objections of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri S Rifaur Rahman, Am आयकर अपील सं/ I.T. A. No. 1172/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T. A. No. 1175/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2012-13) & आयकर अपील सं/ I.T. A. No. 1176/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2012-13)

transferred from the appellant company to M/s. Nova Trading Pvt Ltd by way of journal voucher entries on 31.3.2008. No further advances were given to the said brokers thereafter. Thus, during the assessment year under consideration there was no balance outstanding in the name of the above-said brokers. Since, there was no outstanding balance in the name

DCIT, CC-7(2), MUMBAI vs. M/S. PATANJALI FOODS LTD.,( FORMERLY KNOWN AS RUCHI SOYA INDUSTRIES LTD,, MUMBAI

In the result, the appeal and cross objections of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri S Rifaur Rahman, Am आयकर अपील सं/ I.T. A. No. 1172/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T. A. No. 1175/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2012-13) & आयकर अपील सं/ I.T. A. No. 1176/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2012-13)

transferred from the appellant company to M/s. Nova Trading Pvt Ltd by way of journal voucher entries on 31.3.2008. No further advances were given to the said brokers thereafter. Thus, during the assessment year under consideration there was no balance outstanding in the name of the above-said brokers. Since, there was no outstanding balance in the name

DCIT, CC-7(2), MUMBAI vs. M/S. PATANJALI FOODS LTD.,( FORMERLY KNOWN AS RUCHI SOYA INDUSTRIES LTD,, MUMBAI

In the result, the appeal and cross objections of the assessee are\npartly allowed and the appeals of the revenue are dismissed

transferred from the\nappellant company to M/s. Nova Trading Pvt Ltd by way of\njournal voucher entries on 31.3.2008. No further advances were\ngiven to the said brokers thereafter. Thus, during the assessment\nyear under consideration there was no balance outstanding in the\nname of the above-said brokers. Since, there was no outstanding\nbalance in the name