Browse Tax Judgements
Showing 121–140 of 230 judgements · Browse by section & bench
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Shri Deepak Devidas Sajnani v/s The Income Tax Officer (International Taxation), Ward – 4(2)(1), Mumbai
The assessee, Shri Deepak Devidas Sajnani, purchased an immovable property for Rs.2,43,44,840/- during the assessment year 2015-16. The Assessing Officer (AO) issued a notice under section 148A(b) of the Income Tax Act, 1961, suspecting tha…
Red Hat India Private Limited Vs. Principal Commissioner of Income Tax-6, Mumbai
The assessee, Red Hat India Private Limited, filed its original return declaring nil taxable income and disclosed an international transaction in the nature of royalty with its associated enterprise, Red Hat Inc. Upon finalisation of its bo…
Rattan Jodharam Harchwani v/s. Income Tax Officer, Ward – 2(2)
The Assessing Officer received information that the assessee had deposited cash of Rs 4.36 cr. in his bank account with Konark Urban Coop. Bank, Ulhasnagar from 07.11.2013 to 20.04.2015. No return of income was filed. Based on search and se…
Ramkumar Venugopal Investments Pvt. Ltd. vs. DCIT, Central Circle-8(1)
The assessment was completed under section 143(3) read with section 147 of the Act by order dated 20-12-2016, where the Assessing Officer (AO) brought to tax a sum of Rs. 66,43,847/- on account of bogus losses claimed by the assessee due to…
Rajani Shivaji Ghadge vs. Income Tax Officer
The assessment in this case was completed under sections 147, 144, and 144B of the Income Tax Act, 1961. The Assessing Officer (AO) brought to tax an amount of Rs. 51,48,592/- on account of the sale of immovable property as Short Term Capit…
Niraj Pravinchandra Doshi Vs ITO,Ward-19(2)(4), Mumbai
The assessee, Niraj Pravinchandra Doshi, a trader of ferrous and non-ferrous metals, had his case reopened based on information from DGIT (Inv.) alleging that he was a beneficiary of bogus purchases from six parties. The purchases from thes…
Neptune Fincot Pvt. Ltd. Vs ACIT, Circle-15(1)(2), Mumbai
This appeal by Neptune Fincot Pvt. Ltd. is directed against the order of the ld. CIT(A)/NFAC dated 09.07.2024 for A.Y. 2014-15. The assessee raised several grounds of appeal, primarily challenging the validity of reassessment proceedings un…
Narendra Sevantilal (HUF) Vs. Income Tax Officer
The case involves an appeal by Narendra Sevantilal (HUF) against the order passed by the National Faceless Appeal Centre (NFAC)/Ld. Commissioner of Income Tax (Appeals) for the Assessment Year 2014-15. The Assessee had made an investment of…
Nadeem Mohammed Iqbal Patni vs Income Tax Officer Ward 25(3)(1), Mumbai
The appellant, Nadeem Mohammed Iqbal Patni, filed an appeal against the order passed by the National Faceless Appeal Centre (NFAC), Delhi, which dismissed his appeal against the Assessment Order dated 11/10/2023 under Section 147 read with …
Mukesh Vaikunthlal Mehta vs Income Tax Officer Ward 34(2)(1), Mumbai
The assessee, Mukesh Vaikunthlal Mehta, filed a return of income for the Assessment Year 2011-2012 declaring a total income of INR 59,459/-. The assessment was reopened, and the Assessing Officer noted capital gains income on account of the…
Material Research Instruments Vs. ACIT-Circle 16(2), Mumbai
Late Shri Nitin Parikh was the owner of an office premises situated at 63-B, Mittal Court, Nariman Point, Mumbai. Upon his demise on 28.01.1986, the property devolved upon his wife Smt. Usha Parikh and his daughters Smt. Bela Mehta and Ms. …
Manisha Devnani Vs. INT Tax Ward 2(1)(1)
This appeal was filed by Manisha Devnani against the assessment order dated 18.04.2024 passed by the Income-tax Officer (International Taxation), Ward 1(1), Mumbai, under section 147 read with section 144C(3) of the Income-tax Act, 1961, fo…
M Shashikant And Co vs. Income Tax Officer
The assessee, M Shashikant And Co, is engaged in the business of trading and export of cut and polished diamonds. The return of income for the year under consideration was filed on 05.08.2010 and was processed under section 143(1) of the In…
Laxmi Kashinath Thanekar v/s Commissioner of Income Tax (Appeal)
The assessee, Laxmi Kashinath Thanekar, filed a return declaring a total income of Rs. 4,10,584/-. Based on information regarding the sale of immovable property, a notice under section 148 of the Income-tax Act was issued. The Assessing Off…
Kaishar Interiors Private Limited vs Deputy Commissioner of Income Tax
The Assessee, Kaishar Interiors Private Limited, is a private limited company engaged in interior designing and allied works. For the Assessment Year 2010-2011, the Assessee filed a return of income declaring a total income of INR 84,53,480…
Jigna Ashutosh Bhatt Vs. ITO Ward-32(2)(1)
The assessee, Jigna Ashutosh Bhatt, filed her original return of income for Assessment Year 2011–12 declaring a total income of Rs. 55,695/-. The Assessing Officer initiated reassessment proceedings by issuing a notice under section 148 of …
Jankalyan Nagari Sahakari Patsanstha Mar Shahapur Vs. DCIT Circle-1
The assessee, a co-operative credit society assessed as an Association of Persons (AOP), did not file its original return of income for the assessment year 2015-16. The Income-tax Department had information about substantial financial trans…
Hindustan Construction Company Limited Vs. Dy Commissioner of Income Tax
Hindustan Construction Company Limited, a public listed company engaged in civil construction, filed its return of income for AY 2012-13 reporting a total loss. The case was selected for scrutiny, and an assessment order was passed. Subsequ…
Devi Manubhai Shah Vs Income Tax Officer – Circle 32(1), Mumbai
The case involves Devi Manubhai Shah, who filed a return of income for the Assessment Year 2012-2013 declaring a total income of Rs.24,04,600/-. The Assessing Officer initiated reassessment proceedings based on information received from the…
D.G. Exports vs. Deputy Commissioner of Income Tax-23(1)
The assessee, D.G. Exports, filed its original return of income on 16-08-2011, which was processed under section 143(1) of the Income Tax Act, 1961. The case was reopened under section 147 of the Act based on information from DGIT (Inv.), M…