D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

price of some properties sold during the year, under section 43CA of the Act. under section 43CA of the Act. 6. The Ld. AO has erred in initiating penalty proceedings u/s 274 The Ld. AO has erred in initiating penalty proceedings u/s 274 The Ld. AO has erred in initiating penalty proceedings u/s 274 r.w.s 271AAB

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

price of some properties sold during the year, under section 43CA of the Act. under section 43CA of the Act. 6. The Ld. AO has erred in initiating penalty proceedings u/s 274 The Ld. AO has erred in initiating penalty proceedings u/s 274 The Ld. AO has erred in initiating penalty proceedings u/s 274 r.w.s 271AAB

D G LAND DEVELOPERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -4(4), MUMBAI, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

price of some properties sold during the year, under section 43CA of the Act. under section 43CA of the Act. 6. The Ld. AO has erred in initiating penalty proceedings u/s 274 The Ld. AO has erred in initiating penalty proceedings u/s 274 The Ld. AO has erred in initiating penalty proceedings u/s 274 r.w.s 271AAB

ATUL SHAMJI BHARANI,MUMBAI vs. DCIT CC- 4(1), MUMBAI

In the result, appeal by the assessee for the

153C of the Act is\nmore restrictive and can be initiated only on the basis of the seized or\nrequisitioned documents or books of accounts or information contained therein\nrelating to the assessee. Further, from the perusal of the reasons recorded for\nreopening the assessment in the case of Mr. Nilesh Bharani (supra), as noted\non pages

ASSISSTANT COMMISSIONER OF INCOME TAX, CIR. 20(1), MUMBAI, MUMBAI vs. RUPESH KANTILAL SAVLA, MUMBAI

Appeal of the Revenue stands dismissed

price of the shares of Rs. 2,45,83,280/- and\nclaimed exempt income from LTCG of Rs. 2,44,82,483/- u/s 10(38).\nThus,it was observed that the assessee had obtained bogus LTCG of Rs.\n2,44,82,483/-.On the basis of this information, the assessment was\nreopened u/s 147 and notice

ATUL SHAMJI BHARANI,MUMBAI vs. DCIT CC- 4(1), MUMBAI

In the result, appeal by the assessee for the

153C of the Act is\nmore restrictive and can be initiated only on the basis of the seized or\nrequisitioned documents or books of accounts or information contained therein\nrelating to the assessee. Further, from the perusal of the reasons recorded for\nreopening the assessment in the case of Mr. Nilesh Bharani (supra), as noted\non pages