THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-5(1), MUMBAI vs. M/S SKYWAY INFRA PROJECTS PRIVATE LIMITED, MUMBAI

In the result, cross objections of the assessee are dismissed, cross objections of the assessee are dismissed, cross objections of the assessee are dismissed, whereas appeals of the revenue are par...

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2013-14 & Assessment Year: 2014-15 & Assessment Year: 2015-16 & Assessment Year: 2016-17 & Assessment Year: 2017-18 & Assessment Year: 2018-19 & Assessment Year: 2019-20 & Assessment Year: 2020-21

bogus purchase ignoring the fact that the assessee failed failed failed to to to prove prove prove the the the genuineness genuineness genuineness of of of purchases, purchases, purchases, andany andany andany expenditure in respect of which payments by account payee expenditure in respect of which payments by account payee expenditure in respect of which payments by account payee cheques

DEPUTY COMMISSIONER OF INCOME TAX -23(1) , MUMBAI vs. KALPSARU DIAMONDS, MUMBAI

In the result, the grounds raised by the assessee as well as In the result, the grounds raised by the assessee as well as Revenue are allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Years: 2012-13 Kalpsaru Diamonds, Acit 23(2), Jw 8040/250, Bharat Diamond Piramal Chambers, Vs. Bourse, Bkc, Bandra East, Mumbai-400013. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent Assessment Years: 2012-13 Dy. Cit-23(1), Kalpsaru Diamonds, Room No. 511, Fifth Floor, Jw 8040/250, Bharat Diamond Piramal Chambers, Parel, Vs. Bourse, Bkc, Bandra East, Lalbaugh-400012. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent

bogus purchases to 25% in place of 100% applied in the asses 100% applied in the assessment order. Thus, the grounds of appeal sment order. Thus, the grounds of appeal raised by the assessee on this issue are treated as partly allowed. raised by the assessee on this issue are treated as partly allowed. raised by the assessee on this

KALPSARU DIAMONDS ,MUMBAI vs. ACIT 23(2), MUMBAI

In the result, the grounds raised by the assessee as well as In the result, the grounds raised by the assessee as well as Revenue are allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Years: 2012-13 Kalpsaru Diamonds, Acit 23(2), Jw 8040/250, Bharat Diamond Piramal Chambers, Vs. Bourse, Bkc, Bandra East, Mumbai-400013. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent Assessment Years: 2012-13 Dy. Cit-23(1), Kalpsaru Diamonds, Room No. 511, Fifth Floor, Jw 8040/250, Bharat Diamond Piramal Chambers, Parel, Vs. Bourse, Bkc, Bandra East, Lalbaugh-400012. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent

bogus purchases to 25% in place of 100% applied in the asses 100% applied in the assessment order. Thus, the grounds of appeal sment order. Thus, the grounds of appeal raised by the assessee on this issue are treated as partly allowed. raised by the assessee on this issue are treated as partly allowed. raised by the assessee on this

DCIT CC 7(2), MUMBAI, MUMBAI vs. M/S MAN INDUSTRIES (INDIA) LIMITED, MUMBAI

In the result, both the both the appeal of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 68 of the Act. Man Industries (I) Ltd. ITA Nos. 617, 618 9.7 On perusal of the Para 3.2. of the order, it appears that the 9.7 On perusal of the Para 3.2. of the order, it appears that the 9.7 On perusal of the Para 3.2. of the order, it appears that the explanation provided by the appellant

DCIT CC-7(2), MUMBAI, MUMBAI vs. MAN INDUSTRIES (I) LTD., MUMBAI

In the result, both the both the appeal of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 68 of the Act. Man Industries (I) Ltd. ITA Nos. 617, 618 9.7 On perusal of the Para 3.2. of the order, it appears that the 9.7 On perusal of the Para 3.2. of the order, it appears that the 9.7 On perusal of the Para 3.2. of the order, it appears that the explanation provided by the appellant

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

bogus purchases. Therefore, the benefit of Section 270A(6) of the Act cannot be extended to the Assessee in the facts and circumstances of the present case. Accordingly, we reject the contention of the Assessee that no penalty under Section 270A of the Act could have been levied upon the Assessee in terms of Section 270A

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

bogus purchases. Therefore, the benefit of Section 270A(6) of the Act cannot be extended to the Assessee in the facts and circumstances of the present case. Accordingly, we reject the contention of the Assessee that no penalty under Section 270A of the Act could have been levied upon the Assessee in terms of Section 270A