APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI (1) MP-PBPT-82/MUM/2024 (Exem.)

MP-PBPT-81/MUM/2024 (Stay)

FPA-PBPT-27/MUM/2024 DCIT (BPU-1), Mumbai … Appellant Versus M/s. Newshawk Multimedia Pvt. Ltd. & Ors. … Respondents (2) MP-PBPT-84/MUM/2024 (Exem.)

MP-PBPT-83/MUM/2024 (Stay)

FPA-PBPT-28/MUM/2024 DCIT (BPU-1), Mumbai … Appellant Versus M/s. Newshawk Multimedia Pvt. Ltd. & Ors. … Respondents (3) MP-PBPT-86/MUM/2024 (Exem.)

MP-PBPT-85/MUM/2024 (Stay)

FPA-PBPT-29/MUM/2024 DCIT (BPU-1), Mumbai … Appellant Versus M/s. Newshawk Multimedia Pvt. Ltd. & Ors. … Respondents Advocates/Authorized Representatives who appeared For the Appellant : Mr. Manmeet Singh Arora, S.P.P.

Mr. Camran Iqbal, Advocate For the Respondents : Mr. Ashwani Taneja Ms. Shreya Shandilya Ms. Gunjan Chauhan, Advocates Mr. Ashish Tandon, C.A.

CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN SHRI G. C. MISHRA : MEMBER

FINAL ORDER

15.12.2025 Brief facts:

The present Appeal has been filed against the order dated 27.12.2023 passed by the Ld. Adjudicating Authority (Ld. AA) wherein it was held that no benami transaction could be established between the Respondents. Initiating Officer (IO) was unable to discharge the burden of proof