2025 (4) TMI 1364

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....itions the issue involved is common and therefore, by consent of the parties, they are being disposed of by a common order. We take the lead matter in Writ Petition No. 1233 of 2016 for assessment year 2008-09. 3. The reasons recorded in reopening the case for assessment year 2008-09 are read as under : The information was received from Dy. CIT 28(3), Mumbai that the assessment in the case of M/s Sai Shirdi Constructions for A.Y. 2011-12 was completed on 27.03.2014. The assessee is into the business of building constructions. The assessee was constructing a project named "Sai Saakshaat" Plot No 9, Sector 6, Near Regency Gardens, Kharghar, Navi Mumbai. A total of four wings of 15 floors each housing 232 flats were to be constructed consis....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ur years from the end of the relevant assessment year. 6. In the reasons recorded, it is alleged that the Petitioner has received cash for sales relevant to assessment year 2008- 09 to the tune of Rs. 82,16,705/- as per the assessment order 2011-12, which have not been shown by the assessee in return of income for assessment year 2008-09 and therefore, the case is reopened. 7. On a perusal of the assessment order dated 27 March 2014 for assessment year 2011-12, an addition of Rs. 8,83,43,028/- is made on the ground of alleged cash received on sale of flat. The breakup of said amount of Rs. 8,83,43,028/-can be found in the assessment order at internal page 9 to 12 and Writ Petition memo page No. 81 to 83. 8. The breakup Rs. 82,16,700/- wh....