FOREVER FLOURISHING FIN. & INV. PVT. LTD. ,MUMBAI vs. DCIT (CC)-3(4), MUMBAI, MUMBAI

In the result, appeal for the assessment year 2012

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

section 68 of the Act. On further appeal, the Ld. CIT(A) rejected the grounds challenging validity of the reas grounds challenging validity of the reassessment

FOREVER FLOURISHING FIN & INV. PVT LTD,MUMBAI vs. DCIT-CC-3(4), MUMBAI, MUMBAI

In the result, appeal for the assessment year 2012

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

section 68 of the Act. On further appeal, the Ld. CIT(A) rejected the grounds challenging validity of the reas grounds challenging validity of the reassessment

SURENDRA GARG HUF ,MUMBAI vs. ITO- 19(3)(4), MUMBAI

68", "Section 153A", "Section 153C", "Section 148", "Section 132", "Section 132A", "Section 131" ], "issues": "1. Whether the reassessment proceedings initiated

INCOME TAX OFFICER-12(3)(1), MUMBAI, MUMBAI vs. MANJU DIAMONDS PVT. LTD., MUMBAI

In the result, the appeal of the Revenue is allowed for statistical purposes whereas the application under Rule 27 of statistical purposes whereas the application under Rule 27

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2017-18 Ito-12(3)(1), Manju Diamonds Pvt. Ltd., R.No. 145, 1St Floor, Aayakar 57/59, 1St Floor, Nagdevi Street, Vs. Bhavan, M.K. Road, Maszid Bunder, Mumbai-400020. Mumbai-400 003. Pan No. Aaecm 6609 G Appellant Respondent

Section 68 of the Act. 4.6 Aggrieved thereby, the assessee preferred an a Aggrieved thereby, the assessee preferred an appeal before the ppeal before the ld CIT(A), challenging both the validity of the reassessment

ITO 28 (1)(1), MUMBAI vs. GAHLOT CONSTRUCTION, MUMBAI

In the result, the appeal of the revenue & CO of the assessee is dismissed

Bench: Shri Br Baskaran, Am & Shri Aby T. Varkey, Jm आयकर अपील सं/ I.T. A. No. 2475/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2008-09) Ito-28(1)(1) बिधम/ M/S. Gahlot Construction Room No. 329, Tower No. Plot No-28A, Gahlot Vs. 6, 3Rd Floor, Vashi Railway Complex, Sector-10, Station, Navi Mumbai- Nerul, Navi Mumbai- 400703. 400703. Cross Objection No. 82/Mum/2023 Arising Out Of I.T.A. No.2475/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2008-09) M/S. Gahlot Construction बिधम/ Ito-28(1)(1) Plot No-28A, Gahlot Room No. 329, Tower Vs. No. 6, 3Rd Floor, Vashi Complex, Sector-10, Nerul, Navi Mumbai-400703. Railway Station, Navi Mumbai-400703. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaofm5698J (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Ms. Ritika Agarwal Revenue By: Shri Raj Singh Meel (Sr. Ar) सुनवाई की तारीख / Date Of Hearing: 30/01/2024 घोषणा की तारीख /Date Of Pronouncement: 23/02/2024 आदेश / O R D E R Per Aby T. Varkey, Jm: This Is An Appeal Preferred By The Revenue; & The Assessee Has Filed A Cross Objection (Co) Against The Order Of The Ld. Commissioner Of Income Tax (Appeals)/Nfac, Delhi [Hereinafter Referred To As The “Cit(A)”] Dated 30.10.2021 For The Ay. 2008-09. 2. The Main Grievance Of The Revenue Is Against The Action Of The Ld. Cit(A) Deleting The Addition Of Rs.5 Cr Which Was Added By The

Section 68 of the Act and we thus find no reason to interfere with the concurrent findings of fact recorded by both the authorities.” 16. It is gainful to refer to the decision of the Hon’ble Bombay High Court in the case of Mehta decided by the Hon’ble High Court on 30.06.2016 in Income Tax Appeal

SURENDRA GARG HUF,MUMBAI vs. ITO - 19(3)(4), MUMBAI

reassessment proceedings culminated\ninto passing of the Assessment Order(s) under Section 143(3) read\nwith Section 147 of the Act whereby the transaction of\npurchase/sale of share of KGN Enterprises were held to be pre-\ndetermined transactions and additions were made in respect of the\nsame in the hands of the Assessee under Section 68