1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.971 OF 2006 AND INCOME TAX APPEAL NO.218 OF 2007 Commissioner of Income Tax - 4, 3rd floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020 ..Appellant. V/s. M/s. Techno Shares & Stocks Limited 1st Floor, 93 Mumbai Samachar Marg, Engineer Premises, Mumbai - 400 023 ..Respondent Mr.Vimal Gupta for the appellant. Mr.F.V. Irani with Mr.P.C. Tripathi & Ms.Vandana Rawale for the respondent. INCOME TAX APPEAL NO.157 OF 2008 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. J.M. Morgan Stanley Retail Services Ltd. 141, Maker Chambers III, Nariman Point, Mumbai- 400 021 ..Respondent. Mr. Vimal Gupta for appellant. Dr. K. Shivram with A.R. Singh & P.S. Savla for respondent. AND INCOME TAX APPEAL (L) NO.958 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. J.M. Morgan Stanley Retail Services Ltd. 141, Maker Chambers III, Nariman Point, Mumbai- 400 021 ..Respondent. Mr. Suresh Kumar for appellant. 2 Dr. K. Shivram with A.R. Singh & P.S. Savla for respondent. AND INCOME TAX APPEAL (L) NO.1328 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. J.M. Morgan Stanley Retail Services Ltd. 141, Maker Chambers III, Nariman Point, Mumbai- 400 021 ..Respondent. Mr. Ram Upadhyay for appellant. Dr. K. Shivram with A.R. Singh for respondent. AND INCOME TAX APPEAL NO.375 OF 2008 The Commissioner of Income Tax-4, 6th floor Aayakar Bhavan, M.K. Road, Mumbai-400 021. ..Appellant. V/s. M/s. J.M. Morgan Stanley Securities, Forbes Building, Charanjit Rai Margt, Fort, Mumbai- 400 021 ..Respondent. Mr. Vimal Gupta for appellant. Mr. Balasaheb Yewale i/b. Rajesh Shah & Co. for respondent. AND INCOME TAX APPEAL (L) NO.258 OF 2009 The Commissioner of Income Tax-4, 6th floor Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. J.M. Morgan Stanley Securities, Forbes Building, Charanjit Rai Margt, Fort, Mumbai- 400 001 ..Respondent. Ms. Padma Divekar for appellant. Mr. Balasaheb Yewale i/b. Rajesh Shah & Co. for respondent. AND INCOME TAX APPEAL (L) NO.946 OF 2007 3 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Gupta Equities Pvt. Ltd. 37, Haman Street, Opp. Haman House, Ambalal Doshi Marg, Fort, Mumbai- 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.959 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. J.M. Morgan Stanley Retail Services Ltd. Appejay House, 3rd Floor, Dinshaw Vaccha Road. Mumbai- 400 020 ..Respondent. Mr. Suresh Kumare for appellant. Dr. K. Shivram with A.R. Singh & P.S. Savla for respondent. AND INCOME TAX APPEAL (L) NO.259 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Kotak Securities Ltd.. 1st Floor, Bakthawar, 229, Nariman Point, Mumbai- 400 021 ..Respondent. Mr. R.B. Upadhyay for appellant. Mr. F.V. Irani with A.K. Jasani for respondent. AND INCOME TAX APPEAL NO.158 OF 2008 The Commissioner of Income Tax-4, 3rd Floor, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. 4 V/s. M/s. Stanford Trading Co. Pvt. Ltd. C/o. Devji Hirji Investment Co., Hind Rajasthan Chamber, 3rd Floor, 6 Oak Lane, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.756 OF 2009 AND INCOME TAX APPEAL NO.496 OF 2007 The Commissioner of Income Tax-4, 6th Floor Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Pas Securities Pvt. Ltd. PS-II Rotunda BSF Building, Dalal Street, Fort, Mumbai- 400 023 ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.718 OF 2007 AND INCOME TAX APPEAL NO.100 OF 2008 The Commissioner of Income Tax, Mumbai City-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Shivnarayan Nemani Share & Stock Brokers Pvt. Ltd. 9/42, 2nd floor, Bhupen Chambers, Dalal Street, Fort, Mumbai- 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Ms. Pallavi Divekar for respondent. AND INCOME TAX APPEAL (L) NO.934 OF 2009 5 The Commissioner of Income Tax-4, 6th Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Citigroup Global Markets India P. Ltd. 4th Floor, Bakhtawar, Nariman Point, Mumbai- 400 021 ..Respondent. Mrs. Padma Divekar for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.935 OF 2009 The Commissioner of Income Tax-4, 6th floor, Akar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Prabhudas Liladhar P. Ltd. 702, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai- 400 021. ..Respondent. Mrs. Padma Divekar for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.89 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, Mumbai-400 020. ..Appellant. V/s. Dynamic Stock Broking (I) Pvt. Ltd. Rehman Building, 4th Floor, 24, Veer Nariman Road, Opp. Akbarally's. Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.3010 OF 2008 The Commissioner of Income Tax-4, Mumbai, Room No.629, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. 6 M/s. Rosy Blue Securities P. Ltd., 154/C, Mittal Court, Nariman Point, Mumbai - 400 021. ..Respondent. Mr. P.S. Sahadevan for appellant. None for respondent. AND INCOME TAX APPEAL NO.882 OF 2008 AND INCOME TAX APPEAL NO.883 OF 2008 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. Shilpa Stock Broker Pvt. Ltd. 5, Natvar Chamber, 1st Floor, Nagindas Master Road, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Dr. K. Shivram with A.R. Singh & P.S. Savla for respondent. AND INCOME TAX APPEAL NO.769 OF 2009 AND INCOME TAX APPEAL NO.776 OF 2009 AND INCOME TAX APPEAL NO.777 OF 2009 AND INCOME TAX APPEAL (L) NO.2596 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhava, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. R.R. Chokhani Stock Brokers Pvt. Ltd. 9/16-D, Fort Mansion, British Hotel Lane, B.S. Marg, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Mr. A.K. Jasani with P.C. Tripathi & Ms. Vandana Rawale for respondent. AND 7 INCOME TAX APPEAL (L) NO.373 OF 2009 The Commissioner of Income Tax-4, having office at Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. K. Damani Securities Pvt. Ltd., 5, Surya Mahal, 1st Floor, Bhurjorji Bharucha Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1330 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, Maharshi Karve Road, Mumbai - 400 020. ..Appellant. V/s. M/s.Kaynet Capital Ltd. 10B,3rd floor, Haji Kasam Bldg., 56, Tamarind Lane, Mumbai-400 001. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.271 OF 2009 AND INCOME TAX APPEAL NO.272 OF 2009 The Commissioner of Income Tax-4, Room No.501, 5th Floor, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Dhyan Stock Broking Pvt. Ltd. 305/A, Vikas Bldg., 3rd Floor, 11, Bank Street, Mumbai- 400 023 ..Respondent. Mr. Suresh Kumar for appellant. Mr. A.K. Jasani with P.C. Tripathi & Ms. Vandana Rawle for respondent. AND 8 INCOME TAX APPEAL (L) NO.1327 OF 2009 AND INCOME TAX APPEAL (L) NO.1332 OF 2009 The Commissioner of Income Tax, having his office at Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Joindre Capital Services Ltd., 32, Rajbahadur Mansion, Ground Floor, Samachar Marg, Fort, Mumbai-400 023. ..Respondent. Mr. Ram Upadhyay for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.3886 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Marg, Mumbai - 400 020. ..Appellant. V/s. M/s. Parklight Investment Pvt. Ltd., Bombay Mutual Chambers, Block No.36, 19/21, Ambalal Doshi Marg, Mumbai-400 023. ..Respondent. Mrs. Devki Iyer for appellant. None for respondent. AND INCOME TAX APPEAL NO.136 OF 2008 AND INCOME TAX APPEAL (L) NO.4144 OF 2008 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020 ..Appellant. V/s. M/s. Jagdish Dalal Shares Securities Pvt. Ltd., 2nd Floor, Engineer House, 86, Bombay Samachar Marg, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Balasaheb Yewale i/b. Rajesh Shah & Co. for respondent. 9 AND INCOME TAX APPEAL NO.1028 OF 2008 The Commissioner of Income Tax, Central-II, 4th floor, Aayakar Bhavan, M.K. Road, Mumbai- 400 020. ..Appellant. V/s. M/s. Ohm Stock Broker P. Ltd., Room No.507, Rotunda Bldg., B.S. Marg, Fort, Mumbai - 400 001. ..Respondent. Mr. P.S. Sahadevan for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.326 OF 2009 The Commissioner of Income Tax, 6th floor, Aayakar Bhavan, M.K. Road, Mumbai- 400 020. ..Appellant. V/s. M/s. Ohm Stock Broker P. Ltd., 155-C, Mittal Tower, Nariman Point, Mumbai - 400 001. ..Respondent. Mr. Vimal Gupta for appellant. Dr. K. Shivram with A.R. Singh for respondent. AND INCOME TAX APPEAL NO.1127 OF 2007 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Santco Securities & Financial Services Ltd., 196, Makhija Chambers, Turner Road, Bandra (W), Mumbai - 400 050. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Balkrishna V. Jhaveri with Preeti Shukla for respondent. AND INCOME TAX APPEAL (L) NO.3638 OF 2008 AND 10 INCOME TAX APPEAL (L) NO.3642 OF 2008 AND INCOME TAX APPEAL (L) NO.3643 OF 2008 AND INCOME TAX APPEAL (L) NO.3695 OF 2008 The Commissioner of Income Tax-4, having his office at 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Bakliwal Securities Pvt. Ltd., 19/21, Ambalal Doshi Marg, 63, Bombay Mutual Chambers, Fort, Mumbai - 400 023 ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.3684 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Visaria Securities Pvt. Ltd., 301-A,Commerce House, 140, N.M. Road, Fort, Mumbai - 400 023 ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.3194 OF 2008 The Commissioner of Income Tax, Central-IV, Room No.660, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Nirmal Bang Securities P. Ltd., 37 Khatau Building, 2nd Floor, Alkesh Dinesh Mody Marg, Fort, Mumbai - 400 023. ..Respondent. Mr.Suresh Kumar for appellant. 11 Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL (L) NO.3195 OF 2008 The Commissioner of Income Tax, Central-IV, Room No.660, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Bang Securities P. Ltd., 38-B, Khatau Building, 2nd Floor, Alkesh Dinesh Mody Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Suresh Kumar for appellant. Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL (L) NO.1942 OF 2006 AND INCOME TAX APPEAL (L) NO.3451 OF 2008 AND INCOME TAX APPEAL (L) NO.360 OF 2009 The Commissioner of Income Tax-4, having his office at Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. Bhavik Rajesh Khandar Shares & Stock Brokers Pvt. Ltd., 278, Jeevan Udyog Bldg., Above Khadi Bhandar, D.N. Road, Fort, Mumbai-400 001. ..Respondent. Mr. Vimal Gupta for appellant. Mr. S.G. Dalal for respondent. AND INCOME TAX APPEAL (L) NO.3452 OF 2008 AND INCOME TAX APPEAL (L) NO.1108 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020 ..Appellant. V/s. 12 M/s. D.J. Shah Securities Pvt. Ltd. 9, Khatau Bldg., 8-10, A.D. Mody Marg, Fort, Mumbai - 400 001. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Denzil D'mello for respondent. AND INCOME TAX APPEAL NO.544 OF 2008 The Commissioner of Income Tax-4, Room No.629, Aayakar Bhavan, M.K. Road, Mumbai-400 020 ..Appellant. V/s. M/s. Wallfort Financial Services Ltd., 205, Gundecha Chambers Nagindas Master Road, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.920 OF 2008 The Commissioner of Income Tax-4, having his office at Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. KJMC Capital Market Services Ltd., 168, Atlanta, 16th Floor, Nariman Point, Mumbai - 400 021. ..Respondent. Mr. Vimal Gupta for appellant. Mr. R. Murlidhar with P.C. Tripathi & Vandana Rawale for respondent. AND INCOME TAX APPEAL NO.32 OF 2008 The Commissioner of Income Tax-4, Room No.629, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Sunidhi Consulatancy Services Ltd., 13 Maker Chambers IV, 14th Floor, Nariman Point, Mumbaio - 400 021. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Subhash S. Shetty for respondent. AND INCOME TAX APPEAL (L) NO.729 OF 2009 AND INCOME TAX APPEAL (L) NO.732 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, Mumbai - 400 020. ..Appellant. V/s. M/s. Phoneix Shares & Stock Broking P. Ltd., Rehman Building, 4th Floor, Veer Nariman Road, Fort, Mumbai - 400 023. ..Respondent. Mrs. Padma Divekar for appellant. Mr. S.C. Tiwari for respondent. AND INCOME TAX APPEAL (L) NO.359 OF 2009 The Commissioner of Income Tax-4. having his office at Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Jhunjhunwala Stock Brokers P. Ltd.. 16/1 Khatau Building, Alkesh Dinesh Modi Marg, Fort, Mumbai- 400 014. ..Respondent. Mrs. Padma Divekar for appellant. Mr. Balasaheb Yewale i/b. Rajesh Shah & Co. for respondent. AND INCOME TAX APPEAL (L) NO.82 OF 2009 The Commissioner of Income Tax-4. having his office at Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Jhunjhunwala Stock Brokers P. Ltd.. 16/1 Khatau Building, Alkesh Dinesh Modi 14 Marg, Fort, Mumbai- 400 014. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Balasaheb Yewale i/b. Rajesh Shah & Co. for respondent. AND INCOME TAX APPEAL (L) NO.363 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, Mumbai - 400 020. ..Appellant. V/s. India Broking Ltd., PS-18 'Rotunda', The Stock Exchange, Bombay Samachar Marg, Mumbai - 400 001. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.1042 OF 2009 AND INCOME TAX APPEAL NO.1044 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Networth Stock Broking Ltd., 102, Natwar Chambers, Nagindas Master Road, Fort, Mumbai - 400 023. ..Respondent. Mrs. Padma Divekar for appellant. Mr. B.V. Jhaveri for respondent. AND INCOME TAX APPEAL NO.1314 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. HDFC Securities Ltd., Trade World, "E" Wing, Kamala Mills, Compound, Lower Parel, Mumbai - 400 010. ..Respondent. Mr. Vimal Gupta for appellant. 15 Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL NO.1309 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K.Road, Mumbai-400 020. ..Appellant. V/s. M/s. ICICI Brokerage Services Ltd., 163, Backbay Reclamation, H.T. Parekh Mark, Churchgate, Mumbai-400 020. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1130 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K.Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Credit Suisse first Boston (India) Pvt. Ltd. Ceejay House, Plot F, Shiv Sagar Estate, Dr. A.B.Road, Worli, Mumbai - 400 018. ..Respondent. Mr. Vimal Gupta for appellant. Mr. F.V. Irani with A.K. Jasani for respondent. AND INCOME TAX APPEAL (L) NO.1249 OF 2009 The Commissioner of Income Tax-2, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. Anand Rathi Securities Pvt. Ltd., 3rd floor, J.K. Somani Building, British Hotel Lane, B.S. Marg, Fort, Mumbai-400 023. ..Respondent. Mr. Vimal Gupta for appellant. Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL NO.1315 OF 2009 The Commissioner of Income Tax-4, 16 Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. Creative Global Stock Broking Ltd., 401, Sun Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai - 400 013. ..Respondent. Mr. Vimal Gupta for appellant. Mr. K. Gopal for respondent. AND INCOME TAX APPEAL NO.1352 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K.Road, Mumbai. ..Appellant. V/s. M/s. Brijmohan Sagarmal Capital Services Pvt. Ltd., 203, Unique Tower, Near Kamath Club, Gaikwadi, Off. S.V. Road, Goregaon (W), Mumbai-400 062. ..Respondent. Mr. Vimal Gupta for appellant. Mr. P.R. Toprani for respondent. AND INCOME TAX APPEAL (L) NO.1812 OF 2008 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K.Road, Mumbai-400 020. ..Appellant. V/s. M/s. Brijmohan Sagarmal Capital Services Pvt. Ltd., 412, Stock Exchange Tower, Dalal Street, Mumbai-400 023. ..Respondent. Mr. Vimal Gupta for appellant. Mr. P.R. Toprani for respondent. AND INCOME TAX APPEAL (L) NO.1505 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. 17 M/s. Amu Shares and Securities Ltd., Crescent Chambers, 4th Floor, Horni Modi Cross Road, Fort, Mumbai-400 023. ..Respondent. Mr. Ram Upadhyay for appellant. Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL (L) NO.3014 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Amu Shares and Securities Ltd., Crescent Chambers, 4th Floor, Horni Modi Cross Road, Fort, Mumbai-400 023. ..Respondent. Mr. Vimal Gupta i/b. Devki Iyer for appellant. Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL (L) NO.916 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Amu Shares and Securities Ltd., Crescent Chambers, 4th Floor, Horni Modi Cross Road, Fort, Mumbai-400 023. ..Respondent. Mrs Padma Divekar for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1620 OF 2008 AND INCOME TAX APPEAL (L) NO.1622 OF 2008 AND INCOME TAX APPEAL (L) NO.1630 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. 18 V/s. M/s. Ramesh S. Damani Finance P. Ltd., 619, P.J. Tower, Dalal Street, Fort, Mumbai - 400 001. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1542 OF 2009 AND INCOME TAX APPEAL (L) NO.1754 OF 2009 AND INCOME TAX APPEAL (L) NO.1755 OF 2009 AND INCOME TAX APPEAL (L) NO.1756 OF 2009 The Commissioner of Income Tax Central-III, 1st Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Lark Consultancy Pvt. Ltd., Moti Sagar, Ground Floor, Mulund(W), Mumbai - 400 080. ..Respondent. Mrs. Padma Divekar for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1813 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Malini Sanghvi Securities Pvt. Ltd., 1017-A, 10th Floor, Jijibhoy Towers, Dalal Street, Mumbai - 400 001. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1933 OF 2008 19 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. M.S.S. Securities Pvt. Ltd., 1017-A, 10th Floor, Jijibhoy Towers, Dalal Street, Mumbai - 400 001. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.1046 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. SPS Share Brokers P. Ltd., 66, Tamarind Lane, 4/5, Haji Kasam Bldg., 1st Foor, Fort, Mumbai-400 001. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1944 OF 2006 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. D.K. Modi Securities Pvt. Ltd., 515, Rotunda, Mumbai Samachar Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Ms.Aasifa Khan for respondent. AND INCOME TAX APPEAL (L) NO.1961 OF 2006 AND INCOME TAX APPEAL (L) NO. 80 OF 2009 AND INCOME TAX APPEAL (L) NO. 83 OF 2009 20 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K.Road, Mumbai-400 020. ..Appellant. V/s. M/s. Magnum Equity Broking Ltd. D-30, Empire Mahal, 806, Dr. B.A.Road, Khodad Circle, Dadar T.T., Mumbai-400 014. ..Respondent. Mr. Vimal Gupta for appellant. Mr. J.D. Mistri with A.K Jasani for respondent. AND INCOME TAX APPEAL (L) NO.775 OF 2008 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. G. Das Capital Markets Pvt. Ltd., 20, Rajabhadur Mansion, Office No.6, Ambalal Doshi Marg, Fort, Mumbai- 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.1207 OF 2007 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. M/s. RRS Shares & Stock Brokers P. Ltd., 24/B, Ambalal Doshi Marg, Raja Bahadur Compound, Fort, Mumbai- 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1959 OF 2007 AND INCOME TAXL APPEAL (L) NO.3459 OF 2008 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai-400 020. ..Appellant. V/s. 21 M/s. Unique Stock Brokers Pvt. Ltd., 61/8, Chandanbala, Road No.25-C, Sion (West), Mumbai - 400 022. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL NO.1181 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. The Omniscient Securities Pvt. Ltd., 1003, P.J. Towers, Dalal Street, Mumbai-400 023. ..Respondent. Mr. Vimal Gupta i/b. Devki Iyer for appellant. None for respondent. AND INCOME TAX APPEAL NO.1360 OF 2009 The Commissioner of Income Tax-4, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. Keynote Capitals Ltd., 4th Balma Lawrie Building, 5, J.M.Herodia Marg, Ballard Estate, Mumbai-400 001. ..Respondent. Mr. Vimal Gupta for appellant. Mr. A.K. Jasani for respondent. AND INCOME TAX APPEAL NO.739 OF 2007 The Commissioner of Income Tax-IV, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Shivnarayan Nemani Share & Stock Brokers Pvt. Ltd., 9/43, 2nd floor, Bhupen Chambers, Mumbai-400 023. ..Respondent. Mr. Vimal for appellant. 22 Ms. P. Jain i/b. Pallavi Divekar for respondent. AND INCOME TAX APPEAL NO.357 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. Sino Securities Pvt. Ltd., Sanwa House, 97/99, Bombay Samachar Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Balasaheb Yewale i/b. Rajesh Shah & Co. for respondent. AND INCOME TAX APPEAL NO.58 OF 2009 The Commissioner of Income Tax-IV,, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. SSJ Finance & Securities P. Ltd., Surya Mahal, 1st Floor, Burjorji Bharucha Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Deepak Tralshawala with Vishnu S.Hadade for respondent. AND INCOME TAX APPEAL (L) NO.834 OF 2009 The Commissioner of Income Tax-IV,, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. SSJ Finance & Securities P. Ltd., Surya Mahal, 1st Floor, Burjorji Bharucha Marg, Fort, Mumbai - 400 023. ..Respondent. Mrs Padma Divekar for appellant. Mr. Deepak Tralshawala with Vishnu S.Hadade for respondent. AND INCOME TAX APPEAL (L) NO.817 OF 2009 23 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Gupta Equities P. Ltd., D-21 Dhanraj Mahal, CSM Marg, Colaba, Mumbai - 400 005. ..Respondent. Mrs. Padma Divekar for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.914 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. G. Das Capital Markets P. Ltd., 12-B, Khatau Bldg. Annexue, 1st Floor, Alkesh Dindsh Mody Marg, Fort, Mumbai - 400 023. ..Respondent. Mrs. Padma Divekar for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.803 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. PAS Securities Pvt. Ltd., PSII, Rotunda Stock Exchange Bldg., Dalal Street, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.739 OF 2009 24 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. M/s. Stanford Trading Co. Pvt. Ltd., Hamam House, Mezanine floor, Shop No.16, Ambalal Doshi Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.599 OF 2008 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..Appellant. V/s. K. Damani Securities Pvt. Ltd., Surya Mahal, 1st Floor, Burjorji Marg, Fort, Mumbai - 400 023. ..Respondent. Mr. Vimal Gupta for appellant. None for respondent. AND INCOME TAX APPEAL (L) NO.1333 OF 2009 The Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020.