ACIT v. Essar Steel Ltd.

50 Taxmann.com 183Reported decision2014#12847 most cited
8

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2018 to 2026.

Sections most often in play

Section 37(1)Section 92CA(3)Section 10BSection 143(3)Section 144C(3)Section 144C(5)Section 44CSection 9(1)(v)(c)

Judgments citing ACIT v. Essar Steel Ltd.

Australia and New Zealand Banking Group Ltd., Mumbai vs. DCIT (It)-1(1)(2), Mumbai

In the result, appeal of the assessee is allowed

ITA 7487/MUM/2018[2014-15]Status: DisposedITAT Mumbai12 Feb 2026AY 2014-15

Bench: Shri Saktijit Dey, Hon'Ble & Shri Girish Agrawalassessment Year: 2014-15 Australia & New Zealand Deputy Commissioner Of Banking Group Ltd. Income-Tax – 1(1)(2), Unit A, Sixth Floor, Mumbai Cnergy Centre, Appasaheb Marathe Marg, Vs. Prabhadevi, Mumbai – 400 025 (Pan : Aaica3008P) (Appellant) (Respondent) Present For: Assessee : Shri Madhur Agrawal, Advocate Revenue : Shri Annavaram K., Sr. Dr Date Of Hearing : 14.11.2025 Date Of Pronouncement : 12.02.2026 O R D E R Per Girish Agrawal: This Appeal Filed By The Assessee Is Against The Final Assessment Order Passed Pursuant To The Directions Of The Dispute Resolution Panel-1, Mumbai, (Drp) Vide Order Dated 04.09.2018 U/S. 144C(5) Of The Income-Tax Act, 1961 (Hereinafter Referred To As The “Act”), For Assessment Year 2014-15. 2. Grounds Taken By The Assessee Are Reproduced As Under: Ground 1: Determination Of The Arm'S Length Price (Alp) Of The International Transaction Relating To Processing Fees Received On Account Of Guarantees Issued To Indian Companies Based On Counter-Guarantee From Overseas Branches

For Appellant: Shri Madhur Agrawal, AdvocateFor Respondent: Shri Annavaram K., Sr. DR
Section 133(6)Section 144C(5)Section 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL “I” BENCH MUMBAI BEFORE SHRI SAKTIJIT DEY, HON'BLE VICE PRESIDENT AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER Assessment Year: 2014-15 Australia and New Zealand Deputy Commissioner of Banking Group Ltd. Income-tax – 1(1)(2), Unit A, Sixth Floor, Mumbai Cnergy Centre, Appasaheb Marathe Marg, Vs. Prabhadevi, Mumbai – 400 025 (PAN : AAICA3008P) (Appellant) (Respondent) Present for: Assessee : Shri Madhur Agrawal, Advocate Revenue : Shri Annavaram K., Sr. DR Date of Hearing : 14.11.2025 Date of Pronouncement : 12.02.2026 O R D E R PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: This appeal…

Culver Max Entertainment Private Lmited ( Formerly Sony Pictures Networks India Pvt. Ltd. (Successor of Taj Television India Pvt. Ltd.), Mumbai vs. ACIT, Circle- 16 (1), Mumbai

In the result, appeal of the assessee is partly allowed

ITA 7210/MUM/2019[2011-12]Status: DisposedITAT Mumbai26 Apr 2024AY 2011-12

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm M/S Sony Pictures Networks Asst. Commissioner Of India Private Limited Income-Tax, (Successor Of Taj Television Circle 16(1) India Private Limited) Aaykar Bhavan, Vs. Interface 7, 4Th Floor, Off Malad Room No. 467, Link Road, Malad (W), M.K. Marg, Mumbai-400 020 Mumbai-400 064 (Appellant) (Respondent) Pan No. Aabct5103D Assessee By : Shri Fenil Bhatt, Ar Revenue By : Shri B.K. Bagchi, Dr Date Of Hearing: 01.02.2024 Date Of Pronouncement : 26.04.2024

For Appellant: Shri Fenil Bhatt, ARFor Respondent: Shri B.K. Bagchi, DR
Section 143(3)Section 144C

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI SANDEEP SINGH KARHAIL, JM M/s Sony Pictures Networks Asst. Commissioner of India Private Limited Income-tax, (Successor of Taj Television Circle 16(1) India Private Limited) Aaykar Bhavan, Vs. Interface 7, 4th Floor, Off Malad Room No. 467, Link Road, Malad (W), M.K. Marg, Mumbai-400 020 Mumbai-400 064 (Appellant) (Respondent) PAN No. AABCT5103D Assessee by : Shri Fenil Bhatt, AR Revenue by : Shri B.K. Bagchi, DR Date of hearing: 01.02.2024 Date of pronouncement : 26.04.2024 O R D E R PER PRASHANT MAHARISHI, AM:…

D.C.I.T.-CC-2(4), Kolkata vs. M/S Global Wool Alliance Pvt. Ltd., Kolkata

In the result, the appeal of the revenue is dismissed

ITA 260/KOL/2020[2005-06]Status: DisposedITAT Kolkata02 Nov 2022AY 2005-06

Bench: Shri Sanjay Garg & Shri Rajesh Kumar]

Section 92C

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘सी’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA "ी संजय गग" "या"यक सद"य एवं "ी राजेश कुमार लेखा सद"य के सम" [Before Shri Sanjay Garg, Judicial Member & Shri Rajesh Kumar, Accountant Member ] I.T.A. No. 260/Kol/2020 Assessment Year : 2005-06 DCIT, CC-2(4), Kolkata Vs. M/s Global Wool Alliance Pvt. Ltd. (PAN: AACM 4121 H) Appellant / (अपीलाथ") Respondent / ( !यथ") 25.08.2022 Date of Hearing / सुनवाई क$ "त&थ Date of Pronouncement / 02.11.2022 आदेश उ)घोषणा क$ "त&थ For the Appellant / Shri Akkal Dudhwewala, FCA "नधा"/रती क$ ओर से For the Respondent / Smt. Ranu…

The Dy. CIT, Circle-2(1)(1), Ahmedabad vs. M/S. Gujarat Microwax Ltd., Ahmedabad

In the result, both of the Appeals of Revenue are partly allowed for statistical purposes

ITA 2683/AHD/2016[2012-13]Status: DisposedITAT Ahmedabad15 Jun 2022AY 2012-13

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani

Section 10BSection 143(3)Section 92E

…ITA No.2682 & 2683/Ahd/2016 A.Y. 2011-12 and 2012-13 IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “D” BENCH, AHMEDABAD BEFORE MS. SUCHITRA KAMBLE, JUDICIAL MEMBER AND SHRI B.M. BIYANI, ACCOUNTANT MEMBER ITA No. 2682/AHD/2016 & 2683/AHD/2016 Assessment Year: 2011-12 & 2012-13 DCIT, Circle-2(1)(1), Gujarat Microwax Pvt. Ltd., Ahmedabad 401 & 402, Sarthik Square, Vs. Near GNFC Tower, Bodakdev, Ahmedabad (Appellant / Revenue) (Respondent/ Assessee) PAN: AAACG 5593 P Revenue by Shri Mohd Usman, CIT-DR Assessee by Shri S.N. Soparkar, Senior Advocate, AR Date of Hearing 17.03.2022 Date of Pronouncement 15.06.2022…

The Dy. CIT, Circle-2(1)(1), Ahmedabad vs. M/S. Gujarat Microwax Ltd., Ahmedabad

In the result, both of the Appeals of Revenue are partly allowed for statistical purposes

ITA 2682/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad15 Jun 2022AY 2011-12

Bench: Ms. Suchitra Kamble & Shri B.M. Biyani

Section 10BSection 143(3)Section 92E

…ITA No.2682 & 2683/Ahd/2016 A.Y. 2011-12 and 2012-13 IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “D” BENCH, AHMEDABAD BEFORE MS. SUCHITRA KAMBLE, JUDICIAL MEMBER AND SHRI B.M. BIYANI, ACCOUNTANT MEMBER ITA No. 2682/AHD/2016 & 2683/AHD/2016 Assessment Year: 2011-12 & 2012-13 DCIT, Circle-2(1)(1), Gujarat Microwax Pvt. Ltd., Ahmedabad 401 & 402, Sarthik Square, Vs. Near GNFC Tower, Bodakdev, Ahmedabad (Appellant / Revenue) (Respondent/ Assessee) PAN: AAACG 5593 P Revenue by Shri Mohd Usman, CIT-DR Assessee by Shri S.N. Soparkar, Senior Advocate, AR Date of Hearing 17.03.2022 Date of Pronouncement 15.06.2022…

DCIT(It) 1(2)(1), Mumbai vs. Barclays Bank Plc, Mumbai

In the result, both the appeals of the Revenue are dismissed and that of the assessee are allowed

ITA 2306/MUM/2015[2009-10]Status: DisposedITAT Mumbai13 Apr 2018AY 2009-10

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am Barclays Bank Plc Additional Director Of 9Th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent Pan No. Aaacb4876G Dy. Commissioner Of Income Barclays Bank Plc Tax (It)-1(2)(1), Room No. 8Th Floor, Ceejay House, 118, 1St Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 038 Mumbai-400 018 Appellant .. Respondent Barclays Bank Plc Additional Director Of 9Th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent Dy. Commissioner Of Income Barclays Bank Plc Tax (It)-1(2)(1), Room No. 8Th Floor, Ceejay House, 118, 1St Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 038 Mumbai-400 018 Appellant .. Respondent

For Appellant: Madhur Agarwal, ARFor Respondent: V.Janardhanan, DR
Section 143(3)Section 144

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND SRI MANOJ KUMAR AGGARWAL, AM Barclays Bank PLC Additional Director of 9th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent PAN No. AAACB4876G Dy. Commissioner of Income Barclays Bank PLC Tax (IT)-1(2)(1), Room No. 8th Floor, Ceejay House, 118, 1st Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 03…

DCIT(It) 1(2)(1), Mumbai vs. Barclays Bank Plc, Mumbai

In the result, both the appeals of the Revenue are dismissed and that of the assessee are allowed

ITA 2305/MUM/2015[2008-09]Status: DisposedITAT Mumbai13 Apr 2018AY 2008-09

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am Barclays Bank Plc Additional Director Of 9Th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent Pan No. Aaacb4876G Dy. Commissioner Of Income Barclays Bank Plc Tax (It)-1(2)(1), Room No. 8Th Floor, Ceejay House, 118, 1St Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 038 Mumbai-400 018 Appellant .. Respondent Barclays Bank Plc Additional Director Of 9Th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent Dy. Commissioner Of Income Barclays Bank Plc Tax (It)-1(2)(1), Room No. 8Th Floor, Ceejay House, 118, 1St Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 038 Mumbai-400 018 Appellant .. Respondent

For Appellant: Madhur Agarwal, ARFor Respondent: V.Janardhanan, DR
Section 143(3)Section 144

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND SRI MANOJ KUMAR AGGARWAL, AM Barclays Bank PLC Additional Director of 9th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent PAN No. AAACB4876G Dy. Commissioner of Income Barclays Bank PLC Tax (IT)-1(2)(1), Room No. 8th Floor, Ceejay House, 118, 1st Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 03…

Barclays Bank Plc, Mumbai vs. Addl DIT (It) 3, Mumbai

In the result, both the appeals of the Revenue are dismissed and that of the assessee are allowed

ITA 2245/MUM/2015[2008-09]Status: DisposedITAT Mumbai13 Apr 2018AY 2008-09

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am Barclays Bank Plc Additional Director Of 9Th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent Pan No. Aaacb4876G Dy. Commissioner Of Income Barclays Bank Plc Tax (It)-1(2)(1), Room No. 8Th Floor, Ceejay House, 118, 1St Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 038 Mumbai-400 018 Appellant .. Respondent Barclays Bank Plc Additional Director Of 9Th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent Dy. Commissioner Of Income Barclays Bank Plc Tax (It)-1(2)(1), Room No. 8Th Floor, Ceejay House, 118, 1St Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 038 Mumbai-400 018 Appellant .. Respondent

For Appellant: Madhur Agarwal, ARFor Respondent: V.Janardhanan, DR
Section 143(3)Section 144

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND SRI MANOJ KUMAR AGGARWAL, AM Barclays Bank PLC Additional Director of 9th Floor, Nirlon Knowledge Income-Tax, (International Park, Block 6, Western Taxation)-3, Scindia House, Vs. Express Highway, Goregaon Ballrd Estate, N.M. Road, East, Mumbai-400 063 Mumbai -400 038 Appellant .. Respondent PAN No. AAACB4876G Dy. Commissioner of Income Barclays Bank PLC Tax (IT)-1(2)(1), Room No. 8th Floor, Ceejay House, 118, 1st Floor, Scindia House, Shivsagar Estate, Dr. Annie Vs. N.M. Road, Ballard Estate, Besant Road, Worli, Mumbai-400 03…

ACIT v. Essar Steel Ltd. (50 Taxmann.com 183) — Cited in 8 Judgments | BharatTax