LUMINANT INVESTMENTS LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -40, MUMBAI
In the result, the appeal of the assessee is dismissed
ITA 4356/MUM/2024[2006-07]Status: DisposedITAT Mumbai31 Jul 2025AY 2006-07
Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2006-07 Luminant Investments Ltd., Dy. Cit Central Circle 40, (Formerly Known As Luminant Aayakar Bhavan, M.K. Road, Vs. Investment Pvt. Ltd.) Mumbai-400020. 121, Radha Bhuvan, 1St Floor, Nagindas Master Road, Fort, Mumbai-400023. Pan No. Aaacl 0834 A Appellant Respondent
For Appellant: Mr. Rajesh Kumar Yadav, CIT-DRFor Respondent: None
Section 68
68 of the Income-tax Act, 1961, applies equally to share tax Act, 1961, applies equally to share application monies received by an assessee and, therefore, the monies received by an assessee and, therefore, the monies received by an assessee and, therefore, the burden is on the assessee to prove the nature and source thereof, to burden
