Appeal Details
Counselvise Citation
[2017] 126 COUNSELVISE.COM (IT) 8424 (ITAT-MUMBAI)
Assessee PAN
Bench
Appeal Number
CRN Number
Duration Of Justice
1 year(s) 1 month(s) 17 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
10-11-2017
Appeal Filed By
Assessee
Order Result
Dismissed
Bench Allotted
SMC
Next Hearing Date
13-04-2017
Assessment Year
2005-2006
Appeal Filed On
23-09-2016
Judgement Text
- IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH, MUMBAI , BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER ./ I.T.A. NO S . 5720, 5722 , 5726 & 5728 / M UM/2 016 ( / ASSESSMENT YEAR S : 2005 - 06 , 2010 - 11 , 2012 - 13 & 2011 - 12 ) SHRI AMBRISH MANOJ DHUPELIA 12/13, ESPLANADE, 3 RD FLOOR, 3 A.K. NAYAK MARG, FORT, MUMBAI - 400 001 / VS. DY. CIT, CENTRAL CIRCLE - 1, OLD CGO BUILDING, ANNEXE, 9 TH FLOOR, M. K. R OAD, MUMBAI - 400 020 ./ ./ PAN/GIR NO. AAIPD 2710 L ( / APPELLANT ) : ( / RESPONDENT ) ./ I.T.A. NOS.5721 , 5723 , 5725 & 5727 /MUM/2016 ( / ASSESSMENT YEARS: 2005 - 06 , 2010 - 11 , 2012 - 13 & 2011 - 12 ) SHRI MOHAN MANOJ DHUPELIA 12/13, ESPLANADE, 3 RD FLOOR, 3 AK NAYAK MARG, FORT, MUMBAI - 400 001 / VS. DY. CIT, CENTRAL CIRCLE - 1, OLD CGO BUILDING, ANNEXE, 9 TH FLOOR, M. K. ROAD, MUMBAI - 400 020 ./ ./ PAN/GIR NO. AAIPD 4113 F ( / APPELLANT ) : ( / RESPONDENT ) ./ I.T.A. NOS.572 4 , 5729 , 575 1 & 575 2 /MUM/2016 ( / ASSESSMENT YEARS: 2005 - 06 , 2011 - 12 , 2005 - 06 & 2010 - 11 ) SHRI BHAVYA MANOJ DHUPELIA (NOW KNOWN AS BHAVYA S. SHANBHAG ) 12/13, ESPLANADE, 3 RD FLOOR, 3 AK NAYAK MARG, FORT, MUMBAI - 400 001 / VS. DY. CIT, CENTRAL CIRCLE - 1, OLD CGO BUILDING, ANNEXE, 9 TH FLOOR, M. K. ROAD, MUMBAI - 400 020 ./ ./ PAN/GIR NO. AAHPD 2422 N ( / APPELLANT ) : ( / RESPONDENT ) 2 ITA NO S . 5720 TO 5729 /MUM/ 2016 AND 5751 & 5752/MUM/2016 / APPELLANT BY : SHRI SANJAY PARIKH / RESPONDENT BY : MS. HEMALATHA CORRIGENDUM PER SHAMIM YAHYA, A. M.: ORDER U/S. 254(1) OF THE INCOME TAX ACT, 1961 WAS PASSED IN THE INSTANT A PPEA L S ON 23.10.2017. HOWEVER, IT HAS BEEN SUBSEQUENTLY FOUND THAT CERTAIN INADVERTENT ERROR HAD CREPT IN THIS ORDER, WHICH ARE ACCORDINGLY BEING RESTORED/RECTIFIED BY WAY OF THIS CORRIGENDUM, AS UNDER: AT PARA 21 (PG. 45 ) OF THE ORDER, THE FOLLOWING HAS BEE N MENTIONED: IN THE RESULT, ALL THE APPEALS BY THE ASSESSEE STAND ALLOWED. THE SAME SHOULD BE READ AS UNDER: IN THE RESULT, ALL THE APPEALS BY THE ASSESSEES STAND DISMISSED. 2. THIS CORRIGENDUM FORMS PART AND PARCEL OF, AND IS TO BE READ ALONG WITH THE ORDER DATED 23.10.2017 SUPRA. SD/ - (S HAMIM YAHYA ) / A CCOUNTANT MEMBER MUMBAI ; DATED : 10.11.2017 . . ./ ROSHANI , SR. PS 3 ITA NO S . 5720 TO 5729 /MUM/ 2016 AND 5751 & 5752/MUM/2016 / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT - CONCERNED 5. , , / DR, ITAT, MUMBAI 6. / GUARD F ILE / BY ORDER, / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI
Other Referred Cases
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Laws Referred To
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Expert Summary
Where the Assessing Officer had come into possession of information that the assessee was the beneficial owner of deposits in foreign bank accounts, and from the return of income filed by the assessee, the Assessing Officer noticed that interest from said deposits had not been disclosed in the return of income, reopening of the case was duly justified.
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