CIT v. Karma Energy Ltd.

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LTD),MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 8(1), MUMBAI

In the result, the appeals filed by the assessee are\nallowed, and the appeal filed by the Revenue is dismissed

…{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH\nMUMBAI\nBEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER\n&\nSHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER\n\nITA No.2227/Mum/2024\n(Assessment Year :2017-18)\nITA No.2228/Mum/2024\n(Assessment Year :2016-17)\nITA No.2229/Mum/2024\n(Assessment Year :2018-19)\nITA No.3937/Mum/2024\n(Assessment Year :2019-20)\nITA No.5423/Mum/2024\n(Assessment Year :2020-21)\nMahadhan AgriTech Limited\n(Formerly known as\nSmartchem Technologies\nLtd.)\nSurvey No.93, Sai Hira\nMundhwa, Pune-411036\nVs. Assistant Commissioner\nof Income Tax, Central\nCircle 8(1), Mumbai\nPAN/GIR N…

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LIMITED ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE -8(1), MUMBAI

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No.2228/Mum/2024 (Assessment Year :2016-17) ITA No.3937/Mum/2024 (Assessment Year :2019-20) Mahadhan AgriTech Limited Vs. Assistant Commissioner (Formerly known as of Income Tax, Central Smartchem Technologies Circle 8(1), Mumbai Ltd.) Survey No.93, Sai Hira Mundhwa, Pune-411036 PAN/GIR No.AACCA5046P (Appellant) .. (Respondent) Dy.Commissioner of Vs. Mahadhan AgriTech Income Tax, Central Limited Circle 8(1), Mumbai (Formerly known as Smartchem Technologies Ltd.) Survey N…

DCIT CENTRAL CIRCLE 8(1), MUMBAI vs. MAHADHAN AGRITECH LIMITED, PUNE

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No.2228/Mum/2024 (Assessment Year :2016-17) ITA No.3937/Mum/2024 (Assessment Year :2019-20) Mahadhan AgriTech Limited Vs. Assistant Commissioner (Formerly known as of Income Tax, Central Smartchem Technologies Circle 8(1), Mumbai Ltd.) Survey No.93, Sai Hira Mundhwa, Pune-411036 PAN/GIR No.AACCA5046P (Appellant) .. (Respondent) Dy.Commissioner of Vs. Mahadhan AgriTech Income Tax, Central Limited Circle 8(1), Mumbai (Formerly known as Smartchem Technologies Ltd.) Survey N…

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTCHEM TECHNOLOGIES LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX(APPEAL)--50, MUMAI

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No.2228/Mum/2024 (Assessment Year :2016-17) ITA No.3937/Mum/2024 (Assessment Year :2019-20) Mahadhan AgriTech Limited Vs. Assistant Commissioner (Formerly known as of Income Tax, Central Smartchem Technologies Circle 8(1), Mumbai Ltd.) Survey No.93, Sai Hira Mundhwa, Pune-411036 PAN/GIR No.AACCA5046P (Appellant) .. (Respondent) Dy.Commissioner of Vs. Mahadhan AgriTech Income Tax, Central Limited Circle 8(1), Mumbai (Formerly known as Smartchem Technologies Ltd.) Survey N…

MAHADHAN AGRITECH LIMITED (FORMERLY KNWON AS SMARTECH TECHNOLOGIES LTD ) ,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS)-MUMBAI-50, MUMBAI

In the result, the appeals filed by the assessee are\nallowed, and the appeal filed by the Revenue is dismissed

…{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH\nMUMBAI\nBEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER\n&\nSHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER\n\nITA No.2227/Mum/2024\n(Assessment Year :2017-18)\nITA No.2228/Mum/2024\n(Assessment Year :2016-17)\nITA No.2229/Mum/2024\n(Assessment Year :2018-19)\nITA No.3937/Mum/2024\n(Assessment Year :2019-20)\nITA No.5423/Mum/2024\n(Assessment Year :2020-21)\nMahadhan AgriTech Limited\n(Formerly known as\nSmartchem Technologies\nLtd.)\nSurvey No.93, Sai Hira\nMundhwa, Pune-411036\nVs. Assistant Commissioner\nof Income Tax, Central\nCircle 8(1), Mumbai\nPAN/GIR N…

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTECH TECHNOLOGIES LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS)-MUMBAI.50, MUMBAI

In the result, the appeals filed by the assessee are allowed, and the appeal filed by the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No.2228/Mum/2024 (Assessment Year :2016-17) ITA No.3937/Mum/2024 (Assessment Year :2019-20) Mahadhan AgriTech Limited Vs. Assistant Commissioner (Formerly known as of Income Tax, Central Smartchem Technologies Circle 8(1), Mumbai Ltd.) Survey No.93, Sai Hira Mundhwa, Pune-411036 PAN/GIR No.AACCA5046P (Appellant) .. (Respondent) Dy.Commissioner of Vs. Mahadhan AgriTech Income Tax, Central Limited Circle 8(1), Mumbai (Formerly known as Smartchem Technologies Ltd.) Survey N…

DCIT CIR. 4(3)(2), MUMBAI vs. MORGAN STANLEY INDIA CO. PVT. LTD., MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

MORGAN STANLEY INDIA COMPANY P. LTD,MUMBAI vs. ADDL CIT 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

DCIT 4(3), MUMBAI vs. JM MORGAN STANLEY SECURITIES P. LTD, MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

MORGAN STANLEY INDIA COMPANY P.LTD,MUMBAI vs. ASST CIT RG 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

ACIT 4(3), MUMBAI vs. MORGAN STANLEY INDIA CO. PVT. LTD., MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

MORGAN STANLEY INDIA COMPANY P.LTD,MUMBAI vs. ADDL CIT RG 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

ADDL CIT RG 4(3), MUMBAI vs. MORGAN STANLEY INDIA CO P. LTD, MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

MORGAN STANLEY INDIA COMPANY P.LTD,MUMBAI vs. ADDL CIT RG 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘J‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No.1952/Mum/2014 (Assessment Year :2003-04) CO No.218/Mum/2016 (Arising Out of ITA No.2720/Mum/2016) (Assessment Year: 2008-09) & M/s. Morgan Stanley India Vs. Additional Company Private Limited Commissioner of 18F/19F, Tower 2, Income Tax-Range 4(3) One Indiabulls Centre Mumbai – 400 020 841, Senapati Bapat Marg Mumbai- 400 013 PAN/GIR No.AAACJ4998F (Appellant) .. (Respondent) Addl/Dy. Vs. M/s. J M Morgan Stanley Commissioner of Securities Pvt. Ltd. Income Tax-Range Forbes…

ACIT CIR 7(3)(1), MUMBAI vs. PARENTERAL DRUGS (INDIA) LTD., MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Us.

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘C‘ BENCH MUMBAI BEFORE: SHRI VIKAS AWASTHY, JUDICIAL MEMBER & SHRI M.BALAGANESH, ACCOUNTANT MEMBER ACIT CIR. 7(3)(1) Vs. M/s. Parenteral Drugs Room No.12, Ground Floor (India) Ltd., 340, 3rd Floor, Aayakar Bhavan M.K.Road, Churchgate Laxmi Plaza, Mumbai - 20 Laxmi Industrial Estate New Link Road, Andheri(W) Mumbai – 400 058 PAN/GIR No.AAACP2820L (Appellant) .. (Respondent) Assessee by Shri Satish Modi Revenue by Shri Ravinder Sindhu Date of Hearing 20/09/2022 Date of Pronouncement 30/09/2022 आदेश / O R D E R PER M. BALAGANESH (A.M): This appeal in ITA No.2777/Mum/20…

ITO 4(3)(4), MUMBAI vs. J.M. MORGAN STANLEY SECURITIES P. LTD, MUMBAI

In the result this ground of appeal is dismissed

Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.1164/Mum./2011 (Assessment Year : 2004–05) Morgan Stanley India Company P. Ltd. 18F/19F, One India Bulls Centre Tower–2B, 841, Jupiter Mills ……………. Appellant Off Senapati Bapat Marg Lower Parel, Mumbai 400 013 PAN – AAACJ4998F v/s Income Tax Officer ……………. Respondent Ward–4(3)(4), Mumbai ITA no.1582/Mum./2011 (Assessment Year : 2004–05) Dy. Commissioner of Income Tax ……………. Appellant Circle–4(3), Mumbai v/s Morgan Stanley India Company P. Ltd. 18F/19F, One India B…

MORGAN STANLEY INDIA COMPANY P. LTD,MUMBAI vs. ITO 4(3)(4), MUMBAI

In the result this ground of appeal is dismissed

Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.1164/Mum./2011 (Assessment Year : 2004–05) Morgan Stanley India Company P. Ltd. 18F/19F, One India Bulls Centre Tower–2B, 841, Jupiter Mills ……………. Appellant Off Senapati Bapat Marg Lower Parel, Mumbai 400 013 PAN – AAACJ4998F v/s Income Tax Officer ……………. Respondent Ward–4(3)(4), Mumbai ITA no.1582/Mum./2011 (Assessment Year : 2004–05) Dy. Commissioner of Income Tax ……………. Appellant Circle–4(3), Mumbai v/s Morgan Stanley India Company P. Ltd. 18F/19F, One India B…

DCIT - 1(2), MUMBAI vs. M/S MARTIN & HARRIS LABORATORIES LTD., MUMBAI

In the result, both the appeals filed by the revenue are dismissed

Bench: S/Shri B.R. Baskaran (Am) & Amit Shukla (Jm)

…ract liability to deduct tax at source and hence no disallowance u/s 40(a)(ia) for non-deduction of tax at source is required. The Ld A.R submitted that the above said decision of the Tribunal has since been upheld by the Hon’ble Bombay High Court reported in 375 ITR 264, wherein the Hon’ble High Court has held that the does not give rise to any substantial question of law. 9. On the contrary, the Ld D.R placed heavy reliance on the order passed by the AO. 10. Having heard the rival contentions, we are of the view that the order passed by Ld CIT(A) does not call for interference. We notice that major part of re…

DCIT-1(2), MUMBAI vs. M/S MARTIN & HARRIS LABORATORIES LTD., MUMBAI

In the result, both the appeals filed by the revenue are dismissed

Bench: S/Shri B.R. Baskaran (Am) & Amit Shukla (Jm)

…ract liability to deduct tax at source and hence no disallowance u/s 40(a)(ia) for non-deduction of tax at source is required. The Ld A.R submitted that the above said decision of the Tribunal has since been upheld by the Hon’ble Bombay High Court reported in 375 ITR 264, wherein the Hon’ble High Court has held that the does not give rise to any substantial question of law. 9. On the contrary, the Ld D.R placed heavy reliance on the order passed by the AO. 10. Having heard the rival contentions, we are of the view that the order passed by Ld CIT(A) does not call for interference. We notice that major part of re…