RAJENDRA KUMAR MUNDRA (HUF),MUMBAI vs. NATIONAL FACELESS ASSESSMENT CENTRE (NFAC), DELHI

In the result the appeal filed by the assessee stands allowed

Bench: Hon’Ble Shri Sandeep Gosain& Shri Girish Agrawalrajendra Kumar Mundra Vs. Ito, Ward 24(3)(1) (Huf) Piramal Chamber C-28, Ameya Bldg, Behind Lalbaug, Mumbai – Ymca Dn Nagar Andheri (W) 400012. 400053. Pan/Gir No.Aadh6828J (Applicant) (Respondent)

short span of time. Share prices can shoot up on mere news, e.g. when the government announces reduction in tax rates the Sensex rises by almost 1500-2000 points in a matter of minutes, taking the price of all and any scrip up and certain shares prices made a lifetime high. There are good companies whose share prices

ITO 41(3)(1), MUMBAI, MUMBAI vs. DEEPIKA ANIL AGARWAL, MUMBAI

In the result the appeal filed by the revenue stands\ndismissed

short term\ncapital gain.\nHeld that:\n15. Therefore, respectfully, following\nthe decision of the coordinate bench of\nthe Tribunal, we hold that the long\nterm capital gain on the sale of shares\nof M/s. Splash Media & Infra Ltd. is\nnot a bogus capital gain as the AO has\nsolely relied on the report of\ninvestigation/search team and has not\ncarried

GOVIND CORPORATION ,MUMBAI vs. DCIT CENTRAL CIRCLE 8(1), MUMBAI

In the result the appeal filed by the assessee stands\ndismissed

Short term capital gain/loss.\nDetails of Long Term Capital Gains.\nApplication for transfer of physical shares to Dmat Account.\nDmat Account statement from BOI shareholding Ltd. from\n01.04.2013 to 31.03.2014.\nInvoices, reager account etc., ior sale of snares/ponas.\n(Application for transfer of physical shares to Dmat,)\nA sworn affidavit of the share broker.\nFrom the above and the chart

CHITRA AVDHESH MEHTA,MUMBAI vs. ITO 33 (1) (3), MUMBAI

In the result the appeal filed by the assessee stands\ndismissed

Short term capital gain/loss.\nDetails of Long Term Capital Gains.\nApplication for transfer of physical shares to Dmat Account.\nDmat Account statement from BOI shareholding Ltd. from\n01.04.2013 to 31.03.2014.\nInvoices, reager account etc., ior sale of snares/ponas.\n(Application for transfer of physical shares to Dmat,)\nA sworn affidavit of the share broker.\nFrom the above and the chart

ACIT 421 MUMBAI, MUMBAI CITY vs. SAMIR NARAIN BHOJWANI, MUMBAI

Appeal of the assessee is allowed for statistical purposes and the\nappeal of the revenue is dismissed

short \"CIT(A)\") under section 250 of the Income Tax Act, 1961\n(the Act) dated 18.12.2024 for Assessment Year (AY) 2022-23. The assessee and\nrevenue raised the following grounds:\nITA No. 261/Mum/2025 – Assessee\nGround I: Disallowance of Rs 3,72,00,210 under section 40(a)(ia) being 30%\nof the payment made under Consent Terms on account

SAMIR NARAIN BHOJWANI ,MUMBAI vs. DCIT 4(2)(1), MUMBAI

Appeal of the assessee is allowed for statistical purposes and the appeal of the revenue is dismissed

Bench: Shri Anikesh Banerjee, Jm & Ms Padmavathy S, Am

short "CIT(A)") under section 250 of the Income Tax Act, 1961 (the Act) dated 18.12.2024 for Assessment Year (AY) 2022-23. The assessee and revenue raised the following grounds: ITA No. 261/Mum/2025 – Assessee Ground I: Disallowance of Rs 3,72,00,210 under section 40(a)(ia) being 30% of the payment made under Consent Terms on account

VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-4(3)(1), MUMBAI

price of the equity shares.\n5. We have heard both the parties at length and also perused the relevant finding\ngiven in the impugned order. The moot question before us is, whether capital gain\nearned from sale of „rights entitlement" can be claimed as exempt under Article\n13(6) of India-Ireland DTAA which provides that gains from transfer / alienation

VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VIEF,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-4(3)(1), MUMBAI

Bench: Ms Padmavathy S, Am & Shri Rahul Chaudhary, Jm

price of the equity shares. 5. We have heard both the parties at length and also perused the relevant finding given in the impugned order. The moot question before us is, whether capital gain earned from sale of „rights entitlement‟ can be claimed as exempt under Article 13(6) of India-Ireland DTAA which provides that gains from transfer / alienation

VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF vs. PLC ,MUMBAIVS.ASSISTANT COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION -4(3)(1), MUMBAI

Bench: Ms Padmavathy S, Am & Shri Rahul Chaudhary, Jm

price of the equity shares. 5. We have heard both the parties at length and also perused the relevant finding given in the impugned order. The moot question before us is, whether capital gain earned from sale of „rights entitlement‟ can be claimed as exempt under Article 13(6) of India-Ireland DTAA which provides that gains from transfer / alienation

VANGUARD FUNDS PUBLIC LIMITED COMPANY VANG FTSE EMERGING MKTS UCITS ETF,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-4(3)(1), MUMBAI

price of the equity shares.\n5. We have heard both the parties at length and also perused the relevant finding\ngiven in the impugned order. The moot question before us is, whether capital gain\nearned from sale of „rights entitlement" can be claimed as exempt under Article\n13(6) of India-Ireland DTAA which provides that gains from transfer / alienation

VANGUARD TOTAL WORLD STOCK INDEX FUND ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-4(3)(1), MUMBAI

short term capital gain\non sale of rights entitlement is taxable and has changed the claim of exempt under\nArticle 13(6) by the assessee.\n4. However, the ld. DRP held that rights entitlement (RE) and shares (equity) are\nclosely related assets. In sum and substance, the directions and the observations /\nfinding of the ld. DRP can be summarized

VFTC INSTITUTIONAL TOTAL INTERNATIONAL STOCK MARKET INDEX TRUST II,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-4(3)(1), MUMBAI

price of the equity shares.\n\n5. We have heard both the parties at length and also perused the relevant finding\ngiven in the impugned order. The moot question before us is, whether capital gain\nearned from sale of „rights entitlement" can be claimed as exempt under Article\n13(6) of India-Ireland DTAA which provides that gains from transfer

SHRI ANIL MURARILAL AGARWAL,MUMBAI vs. INCOME TAX OFFICER, WARD- 18(1)(1), MUMBAI, MUMBAI

In the result the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2016-17 Anil Murarilal Agarwal Income Tax Officer, Ward-18(1)(1) 703, Purna Worli Chsl Mumbai. Vs. Pochkhanwala Road, Worli Earnest House, Nariman Point, Mumbai-400030. Mumbai-400021. Pan No. Aaapa 9215 B Appellant Respondent

transfer of rights is void on the alleged plea that the assesse has violated terms and condition of alleged plea that the assesse has violated terms and condition of alleged plea that the assesse has violated terms and condition of SRA scheme without appreciating the fact that the appellant has not SRA scheme without appreciating th e fact that

MEENA HASMUKH SAVLA,MATUNGA MUMBAI vs. ASSESSMENT UNIT, NATIONAL FACELESS ASSESSMENT CENTRE

In the result the appeal filed by the assessee is\nallowed

transfer of long-term securities (Shares) - Assessment year 2014-15 - Assessee individual engaged in business of trading in shares claimed long term capital gains arising out of sale of shares as exemption under section 10(38) - Assessing officer denied claim and made certain additions into assessee's income on grounds that said gains were earned through bogus penny stock transactions

MATRIX PARTNERS INDIA INVESTMENT HOLDINGS, LLC,MAURITIUS vs. DEPUTY COMMISSIONER OF INCOME TAX, MUMBAI

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

Bench: Smt. Beena Pillai () & Ms. Padmavathy S ()

price of Rs.50 crores. The copy of share subscription agreement is placed on page 246-308 of the paper book. I.T.A. No.3097/Mum/2023 A.Y. 2020-21 9 5.2.1. The Ld.AR submitted that, bonus shares were allotted to the assessee by Maharana at the ratio of 1:25 and thus the assessee received additional shares of Rs 48,94,525/- equity shares

BHAVANA LALIT JAIN,NAVI MUMBAI vs. INCOME TAX OFFICER, WD-15(1)(1), MUMBAI

The appeals are allowed

Bench: Shri Prashant Maharishi, Am & Shriraj Kumar Chauhan, Jm

short-term capital gain. The shares of Surabhi investment and chemicals Ltd were also found as one of the penny stocks mentioned in the investigation report which did not have adequate financial strength, but price of the share have increased in disproportionate manner. Such increase in price of the shares was considered to be manipulation by the accommodation entry provider

MR. MEHUL HARISH NISAR,MUMBAI vs. ACIT-CIRCLE20(2),, MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh () Assessment Year: 2017-18 Mr. Mehul Nisar, Acit-Circle-20(2), Amrut Tower, 247, Telang Road, Piramal Chambers, Vs. Matunga, Mumbai-400012. Mumbai-400019. Pan No. Aadpn 9622 Q Appellant Respondent

short term capital gain submitted by the assessee Mr. Mehul Nisar extracted as under: Sale consideration (142100000 / 4) 35525000 Sale consideration (142100000 / 4) 3552500 Add : Refund of stamp duty Add : Refund of stamp duty 1500000 000 Total consideration Total consideration 3702500 37025000 'Less : Purchase Cost Cost -3000000 30000000 Less : Stamp duty and Registration Less : Stamp duty and Registration

SONIA PATHAK KHANNA,MUMBAI vs. INCOME TAX OFFICER-25(1)(2), MUMBAI

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

Bench: Shri Prashant Maharishi, Am Income Tax Officer, Sonia Pathak Khanna, Ward 25(1)(2) Flat No.14, 5Th Floor, Room No. 204, 2Nd Floor, Kodinar, Model Town, Off Kautilya Bhavan, C-41 To C- J.P. Road, Four Bungalows, 43 Vs. Andheri (W), Mumbai-400 G Block, Bandra Kurla 053 Complex, Bandra(E), Mumbai-051 (Appellant) (Respondent) Pan No. Aabpp6359C Assessee By : Shri K Gopal, Ar : Shri R.R. Makwana, Dr Revenue By Date Of Hearing: 13.06.2024 Date Of Pronouncement : 12.07.2024

transfer of long term capital asset. 016. The learned Departmental Representative vehemently supported the order of the learned lower authorities. He submitted that if the assessee has earned short term capital gain on sale of property which is chargeable to tax as short term capital gain under Section 50 of the Income- tax Act, 1961 (the Act), the assessee

SHAILY PRINCE GOYAL,MUMBAI vs. INCOME TAX OFFICER-27(3)(1), NAVI MUMBAI

In the result, the appeal of the assessee Shri Yogesh Popatlal Thakkar in ITA No

short term capital gain as shown by the appellant.\" In view of the above facts and circumstances of the case, we are of the considered opinion that the addition made by the AO is based on mere suspicion and surmises without any cogent material to show that the assessee has brought back his unaccounted income in the shape of long