Biocon Ltd. v. DCIT (supra).The Mumbai ITAT

161 Taxmann.com 511Income Tax Appellate Tribunal2024#5200 most cited

What is Biocon Ltd. v. DCIT (supra).The Mumbai ITAT authority for?

ESOP compensation expenditure and the discount on the issue of ESOPs are allowable as deductions under Section 37(1) of the Income Tax Act.

22

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2024 to 2025.

Also referred to as

Biocon Ltd. v. DCIT · 161 Taxmann.com 511 · ITAT Mumbai · ESOP compensation expenditure · allowable deduction · Section 37(1)

Sections most often in play

Section 115JBSection 12ASection 12ABSection 13(3)Section 143(2)Section 143(3)Section 37Section 37(1)

Issues it is cited on

section 2(15a)rule 8d disallowancesection 100section 80g(1)section 80g(2)(a)section 80g(2)section 135strategic investmentcsr expendituresection 14a(2)interest on securitiessection 37(1)

Judgments citing Biocon Ltd. v. DCIT (supra).The Mumbai ITAT

JCIT OSD Circle 2(3)(1), Mumbai vs. Hdfc Bank Limited, Mumbai

In the result, both the above stated appeals of the

ITA 2260/MUM/2025[2021-22]Status: DisposedITAT Mumbai06 Oct 2025AY 2021-22

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Yogesh Thar, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax - 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra Appellant/अपीलार्थी .. Respondent/प्रतिवादी स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/20…

JCIT(OSD) Circle 2(3)(1), Mumbai vs. Hdfc Bank Limited, Mumbai

In the result, both the above stated appeals of the

ITA 2259/MUM/2025[2019-20]Status: DisposedITAT Mumbai06 Oct 2025AY 2019-20

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL“E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H Respondent/प्रतिवादी Appellant/अपीलार्थी .. ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/2025 (…

JCIT(OSD) Circle 2(3)(1), Mumbai vs. Hdfc Bank Limited, Mumbai

In the result, both the above stated appeals of the

ITA 2258/MUM/2025[2020-21]Status: DisposedITAT Mumbai06 Oct 2025AY 2020-21

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Yogesh Thar, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL“E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H Appellant/अपीलार्थी .. Respondent/प्रतिवादी ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/2025 (…

Hdfc Bank Limited, Mumbai vs. DCIT - 2 (3) (1), Mumbai

In the result, both the above stated appeals of the

ITA 1573/MUM/2025[2020-21]Status: DisposedITAT Mumbai06 Oct 2025AY 2020-21

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Yogesh Thar, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL“E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H Appellant/अपीलार्थी .. Respondent/प्रतिवादी ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/20…

Ramdulari Bansal Welfare Society, Jaipur vs. CIT(E), Jaipur

In the result, appeal of the assessee society is dismissed

ITA 790/JPR/2024[NA]Status: DisposedITAT Jaipur28 Nov 2024

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

For Appellant: Mr. P. C. Parwal, CA, Ld. ARFor Respondent: Mr. Arvind Kumar, Ld. CIT-DR
Section 12ASection 12A(1)(ac)Section 13(3)Section 80G

…IN THE INCOME TAX APPELLATE TRIBUNAL JAIPUR BENCH “A”, JAIPUR BEFORE Dr. S. SEETHALAKSHMI, JUDICIAL MEMBER AND SHRI GAGAN GOYAL, ACCOUNTANT MEMBER ITA Nos. 789 & 790/JPR/2024 Ramdulari Bansal Welfare Society, C/o. M/s. Kalani & Co., 5th Floor, Milestone Building, Gandhi Nagar Turn, Tonk Road, Jaipur – 302 015. PAN No.: AAIAR 5828A ..... Appellant Vs. CIT (E), Jaipur, Jaipur – 302 015. ..... Respondent Appellant by : Mr. P. C. Parwal, CA, Ld. AR Respondent by : Mr. Arvind Kumar, Ld. CIT-DR Date of hearing : 26/11/2024 Date of pronouncement : 28/11/2024 O R D E R PER GAGAN GOYAL, A.M: These two appeals by asse…

Ramdulari Bansal Welfare Society, Jaipur vs. CIT(E), Jaipur

In the result, appeal of the assessee society is dismissed

ITA 789/JPR/2024[NA]Status: DisposedITAT Jaipur28 Nov 2024

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

For Appellant: Mr. P. C. Parwal, CA, Ld. ARFor Respondent: Mr. Arvind Kumar, Ld. CIT-DR
Section 12ASection 12A(1)(ac)Section 13(3)Section 80G

…IN THE INCOME TAX APPELLATE TRIBUNAL JAIPUR BENCH “A”, JAIPUR BEFORE Dr. S. SEETHALAKSHMI, JUDICIAL MEMBER AND SHRI GAGAN GOYAL, ACCOUNTANT MEMBER ITA Nos. 789 & 790/JPR/2024 Ramdulari Bansal Welfare Society, C/o. M/s. Kalani & Co., 5th Floor, Milestone Building, Gandhi Nagar Turn, Tonk Road, Jaipur – 302 015. PAN No.: AAIAR 5828A ..... Appellant Vs. CIT (E), Jaipur, Jaipur – 302 015. ..... Respondent Appellant by : Mr. P. C. Parwal, CA, Ld. AR Respondent by : Mr. Arvind Kumar, Ld. CIT-DR Date of hearing : 26/11/2024 Date of pronouncement : 28/11/2024 O R D E R PER GAGAN GOYAL, A.M: These two appeals by asse…

Abbvie Therapeutics India Private Limited, Bangalore vs. The Deputy Commissioner of Income Tax, Circle-1(1)(1), Bangalore

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1095/BANG/2024[2018-19]Status: DisposedITAT Bangalore01 Oct 2024AY 2018-19

Bench: Shri George George K & Shri Laxmi Prasad Sahuassessment Year : 2018-19 M/S. Abbvie Therapeutics India Pvt. Ltd., Vs. Dcit, Level 7 & Level 7 Prestige, Obelisk, Circle – 1(1)(1), Kasturba Road, Bangalore North, Bengaluru. Bengaluru – 560 001. Pan : Aabca 6884 A Appellant Respondent Assessee By : Smt. Tanmayee Rajkumar, Advocate. Revenue By : Shri. D. K. Mishra, Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 30.09.2024 Date Of Pronouncement : 01.10.2024

For Appellant: Smt. Tanmayee Rajkumar, AdvocateFor Respondent: Shri. D. K. Mishra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 143(2)Section 143(3)Section 250Section 37

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K, VICE PRESIDENT AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER Assessment Year : 2018-19 M/s. Abbvie Therapeutics India Pvt. Ltd., Vs. DCIT, Level 7 and Level 7 Prestige, Obelisk, Circle – 1(1)(1), Kasturba Road, Bangalore North, Bengaluru. Bengaluru – 560 001. PAN : AABCA 6884 A APPELLANT RESPONDENT Assessee by : Smt. Tanmayee Rajkumar, Advocate. Revenue by : Shri. D. K. Mishra, CIT(DR)(ITAT), Bengaluru. Date of hearing : 30.09.2024 Date of Pronouncement : 01.10.2024 O R D E R Per George George K, Vice President: This appeal…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 479/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 478/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2014-15

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 477/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2013-14

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 476/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2012-13

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Assistant Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 387/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Assistant Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 386/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2014-15

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Assistant Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 385/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2012-13

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

ACIT, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ellisbridge

In the result, the appeal of the Department is dismissed

ITA 342/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2013-14

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Economic Explosives Limited, Nagpur vs. National E Assessment Centre, New Delhi

In the result, appeal for the assessment year 2018–19 filed by the assessee is partly allowed

ITA 242/NAG/2023[2018-19]Status: DisposedITAT Nagpur09 Sept 2024AY 2018-19

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Mani JainFor Respondent: Shri Kailash C. Kanojiya
Section 139Section 142(1)Section 143(2)

…IN THE INCOME TAX APPELLATE TRIBUNAL NAGPUR BENCH, NAGPUR BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI K.M. ROY, ACCOUNTANT, MEMBER ITA no.177/Nag./2022 (Assessment Year : 2017–18) Economic Explosives Ltd. 11, Zade Layout, Bharat Nagar ……………. Appellant Nagpur 440 033 PAN – AAACE3871C v/s Asstt. Commissioner of Income Tax ……………. Respondent Central Circle–1(2), Nagpur ITA no.242/Nag./2023 (Assessment Year : 2018–19) Economic Explosives Ltd. 11, Zade Layout, Bharat Nagar ……………. Appellant Nagpur 440 033 PAN – AAACE3871C v/s Asstt. Commissioner of Income Tax ……………. Respondent Central Circle–1, Nagpur Assessee…

Economic Explosives Limited, Nagpur vs. Assistant Commissioner of Income Tax, Central Circle 1 (2), Nagpur

In the result, appeal for the assessment year 2018–19 filed by the assessee is partly allowed

ITA 177/NAG/2022[2017-18]Status: DisposedITAT Nagpur09 Sept 2024AY 2017-18

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Mani JainFor Respondent: Shri Kailash C. Kanojiya
Section 139Section 142(1)Section 143(2)

…IN THE INCOME TAX APPELLATE TRIBUNAL NAGPUR BENCH, NAGPUR BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI K.M. ROY, ACCOUNTANT, MEMBER ITA no.177/Nag./2022 (Assessment Year : 2017–18) Economic Explosives Ltd. 11, Zade Layout, Bharat Nagar ……………. Appellant Nagpur 440 033 PAN – AAACE3871C v/s Asstt. Commissioner of Income Tax ……………. Respondent Central Circle–1(2), Nagpur ITA no.242/Nag./2023 (Assessment Year : 2018–19) Economic Explosives Ltd. 11, Zade Layout, Bharat Nagar ……………. Appellant Nagpur 440 033 PAN – AAACE3871C v/s Asstt. Commissioner of Income Tax ……………. Respondent Central Circle–1, Nagpur Assessee…

ACIT, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ellisbridge

In the result, the appeal of the Department is dismissed

ITA 49/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2011-12

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

ACIT, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Ltd, Elisbridge

In the result, the appeal of the Department is dismissed

ITA 48/AHD/2024[2010-11]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2010-11

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

Axis Bank Limited, Ahmedabad vs. The ACIT., Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 143/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2011-12

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

Biocon Ltd. v. DCIT (supra).The Mumbai ITAT (161 Taxmann.com 511) — Cited in 22 Judgments | BharatTax