How many judgments cite CIT v. Shivam Motors (P.) Ltd.?

179 judgments on BharatTax cite CIT v. Shivam Motors (P.) Ltd. (230 Taxmann 63), spanning 2016 to 2026.

Which sections of the Income Tax Act does CIT v. Shivam Motors (P.) Ltd. come up under?

It is most often cited in judgments turning on Section 14A, Section 143(3), Section 8D, Section 144, Section 144A, Section 147.

CIT v. Shivam Motors (P.) Ltd.

230 Taxmann 63High Court2015#539 most cited

What is CIT v. Shivam Motors (P.) Ltd. authority for?

Disallowance under Section 14A of the Income-tax Act applies even if no exempt income is actually earned during the relevant previous year, provided investments capable of yielding exempt income exist.

179

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2016 to 2026.

Also referred to as

CIT v. Shivam Motors (P.) Ltd. · Section 14A · disallowance under Section 14A · exempt income · no exempt income earned · investments yielding exempt income · Rule 8D · scope of Section 14A · 230 Taxmann 63 · Allahabad High Court

Also reported as

55 Taxmann.com 262

Sections most often in play

Section 14A Section 143(3)Section 8D Section 144 Section 144A Section 147 Section 148 Section 1961

Issues it is cited on

section 80ab section 9(1)(ii)section 10(33)clarificatory amendment section 73 section 31 paper company strategic investment disallowance u/s 14a section 251(2)share capital and share premium source of source

Judgments citing CIT v. Shivam Motors (P.) Ltd.

Silverlake Traders Pvt. Ltd., Kolkata vs. ITO, Ward-5(1), Kolkata

In the result, the appeal filed by the assessee is partly allowed

ITA 379/KOL/2024[2009-10]Status: DisposedITAT Kolkata23 Sept 2024AY 2009-10

Bench: Sri Rajpal Yadav, Vice- & Sri Sanjay Awasthi

Section 14ASection 263Section 68

…आयकर अपीलीय अधिकरण कोलकाता 'ए' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘A’ BENCH, KOLKATA श्री राजपाल यादव, उपाध्यक्ष (कोलकाता क्षेत्र) एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI RAJPAL YADAV, VICE-PRESIDENT & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 379/KOL/2024 Assessment Year: 2009-10 Silverlake Traders Pvt. Ltd……….............................................Appellant [PAN: AAMCS 3292 F] Vs. ITO, Ward-5(1), Kolkata…………………………………………………Respondent Appearances: Assessee represented by: None. Department represented by: Subhendu Datta, CIT DR. Date of concluding the hearing :…

M/S. Salarpuria Homes Pvt. Ltd., Kolkata vs. A.C.I.T., Circle - 1(2), Kolkata

In the result, appeal filed by the assessee is allowed

ITA 1360/KOL/2024[2014-2015]Status: DisposedITAT Kolkata13 Sept 2024AY 2014-2015

Bench: Shri Sonjoy Sarma, Judicial Member Shri Rakesh Mishra (Accountant Member)

Section 143(3)Section 14ASection 250

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH KOLKATA Shri Sonjoy Sarma, Judicial Member Shri Rakesh Mishra, Accountant Member I.T.A. No. 1360/Kol/2024 Assessment Year: 2014-15 M/s Salarpuria Homes Pvt. Ltd. C/o M/s Salarpuria Jalodia & Co., 7, C. R. Avenue, 3rd Floor, Kolkata - 700072 [PAN: AAHCS9410J] ......................…...……………....Appellant vs. ACIT, Circle -1(2), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata – 700069 .....…..........................…..…..... Respondent Appearances by: Assessee represented by : S. Jhajharia, A.R. Department represented by : Sanjoy Paul, Addl. CIT, Sr. DR Da…

New India Retailing & Investment Ltd., Kolkata vs. D.C.I.T., Circle - 5(1), Kolkata

In the result, the appeal filed by the assessee is allowed

ITA 1285/KOL/2024[2018-2019]Status: DisposedITAT Kolkata11 Sept 2024AY 2018-2019

Bench: Sri Sonjoy Sarma & Sri Sanjay Awasthi

Section 14A

…आयकर अपीलीय अधिकरण कोलकाता 'एसएमसी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA श्री संजय शमाा, न्याधयक सदस्य एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI SONJOY SARMA, JUDICIAL MEMBER & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 1285/KOL/2024 Assessment Year: 2018-19 New India Retailing & Investment Ltd.....................................Appellant [PAN: AAACN 9970 F] Vs. DCIT, Circle-5(1), Kolkata.....................................................Respondent Appearances: Assessee represented by: Kinjal Buaria, CA and Aritra Nag, Adv. Department represented…

Artline Financial Management Pvt. Ltd., Kolkata vs. I.T.O., Ward - 14(3), Kolkata

In the result, appeal filed by the assessee is allowed

ITA 1297/KOL/2024[2013-2014]Status: DisposedITAT Kolkata10 Sept 2024AY 2013-2014

Bench: Sri Sonjoy Sarma & Sri Sanjay Awasthi

Section 14Section 14ASection 37

…आयकर अपीलीय अधिकरण कोलकाता 'एसएमसी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA श्री संजय शमाा, न्याधयक सदस्य एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI SONJOY SARMA, JUDICIAL MEMBER & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 1297/KOL/2024 Assessment Year: 2013-14 Artline Financial Management Pvt. Ltd....................................Appellant [PAN: AAGCA 8252 K] Vs. ITO, Ward-14(3), Kolkata......................................................Respondent Appearances: Assessee represented by: P.K. Himmat Singhka, AR. Department represented by: Prabir Gupt…

Pee Kay Vanijya Pvt. Ltd., Kolkata vs. DCIT, Cir. 7(1), Kolkata

In the result, the appeal filed by the assessee is allowed

ITA 851/KOL/2024[2017-18]Status: DisposedITAT Kolkata09 Sept 2024AY 2017-18

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishraassessment Year: 2017-18

For Appellant: Akkal Dudhwewala, ARFor Respondent: S.B. Chakraborthy, JCIT, Sr. DR

Section 143(3)Section 14ASection 234BSection 250

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH KOLKATA BEFORE SHRI PRADIP KUMAR CHOUBEY, JUDICIAL MEMBER AND SHRI RAKESH MISHRA, ACCOUNTANT MEMBER Assessment Year: 2017-18 Pee Kay Vanijya Private Limited, DCIT, Circle-7(1), Kolkata, 7C, Kiran Shankar Roy Road, Aayakar Bhawan, P-7, Hasting Chambers, 4th Floor, Vs Chowringhee Square, Kolkata - 700001 Kolkata - 700069 (PAN: AABCP6488P) (Appellant) (Respondent) Present for: Appellant by : Akkal Dudhwewala, AR Respondent by : S.B. Chakraborthy, JCIT, Sr. DR Date of Hearing : 20.08.2024 Date of Pronouncement : 09.09.2024 O R D E R PER RAKESH MISHRA, ACCOUNTANT MEMB…

Elegant Dealmark Pvt. Ltd., Kolkata vs. ITO, Ward-5(3), Kolkata

In the result, the appeal filed by the assessee is partly allowed, with Ground No

ITA 51/KOL/2024[2012-13]Status: DisposedITAT Kolkata21 Aug 2024AY 2012-13

Bench: Sri Rajpal Yadav, Vice- & Sri Sanjay Awasthi

Section 131Section 14ASection 68

…आयकर अपीलीय अधिकरण कोलकाता 'ए' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘A’ BENCH, KOLKATA श्री राजपाल यादव, उपाध्यक्ष (कोलकाता क्षेत्र) एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI RAJPAL YADAV, VICE-PRESIDENT & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 51/KOL/2024 Assessment Year: 2012-13 Elegant Dealmark Pvt. Ltd......................................................Appellant [PAN: AACCE 7972 Q] Vs. ITO, Ward-5(3), Kolkata........................................................Respondent Appearances: Assessee represented by: None. Department represented by: B.K. Singh, Addl.…

N. K. Proteins Ltd., Ahmedabad vs. The Assistant Commissioner of Income Tax, Circle-3(1)(1), Ahmedabad

ITA 313/AHD/2022[2017-18]Status: DisposedITAT Ahmedabad12 Jun 2024AY 2017-18

Bench: Or During The Course Of Hearing Of The Appeal.”

For Appellant: Shri Vartik Choksi, A.RFor Respondent: Shri Ketan Gajjar, CIT-D.R

Section 115JSection 14ASection 250

…THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “B” BENCH Before: Shri Siddhartha Nautiyal, Judicial Member And Shri Makarand V. Mahadeokar, Accountant Member Assessment Year : 2017-18 N.K. Proteins Ltd., The ACIT, 7th Floor, Popular House, Circle-3(1)(1), Ashram Road, Ahmedabad Vs Ahmedabad PAN: AAACN9377N (Respondent) (Appellant) Assessee by: Shri Vartik Choksi, A.R. Revenue by: Shri Ketan Gajjar, CIT-D.R. Date of hearing : 03-06-2024 Date of pronouncement : 12-06-2024 आदेश/ORDER PER : SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER:- This is an appeal filed by the assessee against the order of the ld. Commission…

ACIT, Corporate Circle-3(1), Chennai vs. M/S Tvs Motor Company Limited, Chennai

In the result the appeal of the Revenue is dismissed

ITA 6/CHNY/2023[2016-17]Status: DisposedITAT Chennai29 May 2024AY 2016-17

Bench: Shri Mahavir Singh & Shri Amitabh Shuklaआयकर अपील िं./Ita No. 06/Chny/2023 निर्धारण वर्ा /Assessment Year: 2016-17. The Asst. Commissioner Of M/S. Tvs Motor Company Ltd., Income Tax, Vs. Chaitanya, No.12, Corporate Circle-3(1), Khader Nawaz Khan Road, Chennai. Nungambakkam, Chennai – 600 006. [Pan: Aaacs7032B] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलधर्थी की ओर से/ Assessee By : Shri Vikaram Vijayaraghavan, Advocate प्रत्यर्थी की ओर से /Revenue By : Shri A. Sasikumar, Cit ुनवाई की तारीख/Date Of Hearing : 01.05.2024 घोषणा की तारीख /Date Of Pronouncement : 29.05.2024 आदेश / O R D E R

For Appellant: Shri Vikaram VijayaraghavanFor Respondent: Shri A. Sasikumar, CIT

Section 12Section 153(1)Section 250(6)Section 9Section 92C

…आयकर अपीलीय अधिकरण, ‘डी’ न्यायपीठ, चेन्नई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘D’ BENCH: CHENNAI श्री महावीर स िंह, उपाध्यक्ष एविं श्री अमिताभ शुक्ला, लेखा दस्य के मक्ष BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER आयकर अपील िं./ITA No. 06/Chny/2023 निर्धारण वर्ा /Assessment Year: 2016-17. The Asst. Commissioner of M/s. TVS Motor Company Ltd., Income Tax, Vs. Chaitanya, No.12, Corporate Circle-3(1), Khader Nawaz Khan Road, Chennai. Nungambakkam, Chennai – 600 006. [PAN: AAACS7032B] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलधर्थी की ओर से/ Assessee by : Shri Vikaram…

Dy. Commissioner of Income-Tax, Mumbai vs. Palchin Real Estate Pvt Ltd, Mumbai

In the result, the appeal of Revenue is dismissed

ITA 2553/MUM/2023[2018-19]Status: DisposedITAT Mumbai29 Feb 2024AY 2018-19

Bench: SHRI ABY T. VARKEY (Judicial Member), SHRI S RIFAUR RAHMAN (Accountant Member)

For Appellant: Shri K. Shivram & Rahul HakaniFor Respondent: Shri Solgy Jose t. Kottaram (CIT

Section 14ASection 270A

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.2553/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2018-19) DCIT-3(2)(1) बिधम/ M/s. Palchin Real Estate Room No. 608, 6th Floor, Pvt. Ltd. Vs. Aayakar Bhavan, M. K. 41/44, Shapoorji Pallonji Road, Mumbai-400020. Centre, Minood Desai Marg Colaba, Mumbai- 400005. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AABCP4365P (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee by: Shri K. Shivram & Rahul Hakani Revenue by: Shri Solgy Jose t. Kottaram (CIT, DR) सुनवाई की तारीख / Date…

Soyuz Trading Co. Ltd., Kolkata vs. DCIT, Cir-7(1), Kolkata.

In the result, the appeal of the assessee stands partly allowed

ITA 1130/KOL/2023[2012-13]Status: DisposedITAT Kolkata05 Feb 2024AY 2012-13

Bench: Shri Sanjay Garg & Shri Girish Agrawali.T.A. No.1130/Kol/2023 Assessment Year : 2012-13 Soyuz Trading Co. Ltd (Now Merged With Concenate Advest Advisory (P) Ltd).…………....Appellant C/O Subash Agarwal & Associates, Advocates, Siddha Gibson, 1, Gibson Lane, Suite 213, 2Nd Floor, Kolkata – 700069. [Pan: Aagcs3371K] Vs. Dcit, Circle-7(1), Kolkata……..........................................…..…..... Respondent Appearances By: Shri Siddharth Agarwal, Advocate, Appeared On Behalf Of The Appellant. Shri S. Datta, Cit-Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : February 01, 2024 Date Of Pronouncing The Order : February 05, 2024 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 22.09.2023 Of The National Faceless Appeal Centre [Hereinafter Referred To As The ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Assessee In This Appeal Has Taken The Following Grounds Of Appeal: “1. For That The Ld. Cit(A) Was Not Justified In Confirming The Disallowance Of Rs.68,65,91 7/- Made By The A.O. By Invoking The Provisions Of Sec. 14A R.W. Rule 8D Which Is Over & Above The Suo-Moto Disallowance Of Rs.9,39,667/- Made By The Assessee Itself.

Section 14ASection 250

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘ए’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH KOLKATA "ी संजय गग", "या"यक सद"य एवं "ी "गर"श अ"वाल, लेखा सद"य के सम" Before Shri Sanjay Garg, Judicial Member and Shri Girish Agrawal, Accountant Member I.T.A. No.1130/Kol/2023 Assessment Year : 2012-13 Soyuz Trading Co. Ltd (now merged with Concenate Advest Advisory (P) Ltd).…………....Appellant C/o Subash Agarwal & Associates, Advocates, Siddha Gibson, 1, Gibson Lane, Suite 213, 2nd Floor, Kolkata – 700069. [PAN: AAGCS3371K] vs. DCIT, Circle-7(1), Kolkata……..........................................…..…..... Respondent Ap…

Arthada Commerce Pvt. Ltd., Kolkata vs. DCIT, Cir-13(1), Kolkata.

In the result, the appeal of the stands allowed

ITA 936/KOL/2023[2017-18]Status: DisposedITAT Kolkata02 Feb 2024AY 2017-18

Bench: Shri Sanjay Garg & Shri Girish Agrawali.T.A. No.936/Kol/2023 Assessment Year : 2017-18 Arthada Commerce Pvt. Ltd.….…......................…...……………....Appellant Chandimara, Sapuipara, P.O. Sapuipara, P.S.Nischinda, Howrah-711206. [Pan: Aanca4546P] Vs. Dcit, Circle-13(1), Kolkata……..........................................…..…..... Respondent Appearances By: Shri Sourabh Gupta, Ar, Appeared On Behalf Of The Appellant. Shri B. K. Singh, Jcit-Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : February 01, 2024 Date Of Pronouncing The Order : February 02, 2024 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 11.08.2023 Of The National Faceless Appeal Centre [Hereinafter Referred To As The ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Sole Grievance Raised By The Assessee In This Appeal Is Relating To The Action Of The Ld. Cit(A) In Disallowing A Sum Of Rs.12,82,633/- Made By The Assessing Officer By Invoking The Provisions Of Section U/S 14A Of The Act. 3. The Ld. Ar Of The Assessee Has Submitted That The Assessee Did Not Earn Any Tax Exempt Income During The Year Under Consideration. He In This Respect Has Relied Upon The Following Case Laws: Cheminvest Ltd. Vs. Cit 378 Itr 33 (Del).

Section 14ASection 250

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘ए’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH KOLKATA "ी संजय गग", "या"यक सद"य एवं "ी "गर"श अ"वाल, लेखा सद"य के सम" Before Shri Sanjay Garg, Judicial Member and Shri Girish Agrawal, Accountant Member I.T.A. No.936/Kol/2023 Assessment Year : 2017-18 Arthada Commerce Pvt. Ltd.….…......................…...……………....Appellant Chandimara, Sapuipara, P.O. Sapuipara, P.S.Nischinda, Howrah-711206. [PAN: AANCA4546P] vs. DCIT, Circle-13(1), Kolkata……..........................................…..…..... Respondent Appearances by: Shri Sourabh Gupta, AR, appeared on behalf of the…

Narnolia & Associates LLP, Kolkata vs. I.T.O., Ward - 35(2), Kolkata

In the result, both the appeals of the assessee stand allowed in the terms as indicated above

ITA 740/KOL/2022[2016-2017]Status: DisposedITAT Kolkata12 Dec 2023AY 2016-2017

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A Nos.739&740/Kol/2022 Assessment Years: 2014-15 & 2016-17 Narnolia & Associates Llp ……...................................................……Appellant 9, India Exchange Place, Room No.6/7A, Kolkata-1. [Pan: Aaifn4113F] Vs. Ito, Ward-35(2), Kolkata..............................……........……...…..…..Respondent Appearances By: None Appeared On Behalf Of The Appellant. Shri Rakesh Kumar Das, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 21, 2023 Date Of Pronouncing The Order : December 12, 2023 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Captioned Appeals Have Been Preferred By The Assessee Against The Separate Orders Dated 19.10.2022 & 27.10.2022 Of The National Faceless Appeal Centre (Hereinafter Referred To As The ‘Cit(A)’) Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’) Respectively. Since, The Facts & Issues Involved In Both The Appeals Are Common & The Same Have Been Heard Together, Therefore, These Are Being Adjudicated By This Common Order. Ita No.739/Kol/2022 Is Taken As The Lead Case. 2. No One Has Put In Appearance On Behalf Of The Assessee Despite Notice, Therefore, We Proceed To Adjudicate The Present Appeal After Going Through The Record & After Hearing The Ld. Dr.

Section 14ASection 250

…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 "ी मनीष बोरड, लेखा सद"य के सम" Before Shri Sanjay Garg, Judicial Member and Dr. Manish Borad, Accountant Member I.T.A Nos.739&740/Kol/2022 Assessment years: 2014-15 & 2016-17 Narnolia & Associates LLP ……...................................................……Appellant 9, India Exchange Place, Room No.6/7A, Kolkata-1. [PAN: AAIFN4113F] vs. ITO, Ward-35(2), Kolkata..............................……........……...…..…..Respondent Appearances by: None appeared on behalf of the appellant. Shri R…

Narnolia & Associates LLP, Kolkata vs. I.T.O., Ward - 35(2), Kolkata

In the result, both the appeals of the assessee stand allowed in the terms as indicated above

ITA 739/KOL/2022[2014-2015]Status: DisposedITAT Kolkata12 Dec 2023AY 2014-2015

Section 14ASection 250

Titagarh Capital Management Services(P)Ltd, Kolkata vs. ITO, Kolkata

In the result, the appeal of the assessee stands allowed

ITA 382/KOL/2023[2013-14]Status: DisposedITAT Kolkata21 Nov 2023AY 2013-14

Bench: Shri Sanjay Garg & Shri Girish Agrawal

Section 14ASection 250

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘बी’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH KOLKATA "ी संजय गग", "या"यक सद"यएवं "ी "गर"श अ"वा लेखा सद"य के सम" , Before Shri Sanjay Garg, Judicial Member and Shri Girish Agrawal, Accountant Member I.T.A. No.382/Kol/2023 Assessment Year: 2013-14 M/s Titagarh Capital Management Services (P) Ltd......................……....Appellant C/o. M/s Salarpuria Jajodia & Co., 7, C.R. Avenue, 3rd Floor, Kolkata-700072. [PAN: AACCT5853F] vs. ITO, Ward-7(2), Kolkata........…...............................................…..…..... Respondent Appearances by: Shri S. Jhajaria, AR, a…

Skp Securities Ltd., Kolkata vs. DCIT, C.C-2(2), Kol, Kolkata

In the result, the appeal of the assessee stands allowed

ITA 611/KOL/2023[2014-15]Status: DisposedITAT Kolkata16 Nov 2023AY 2014-15

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A No.611/Kol/2023 Assessment Year: 2014-15 Skp Securities Ltd……………...................................................……Appellant 33A, J L Nehru Road, Park Street, Kolkata. [Pan: Aaecs3847A] Vs. Dcit, C.C-2(2), Kolkata................................……........……...…..…..Respondent Appearances By: Shri Akshay Ringasia, Ar, Appeared On Behalf Of The Appellant. Shri B. K. Singh, Jcit- Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : September 04, 2023 Date Of Pronouncing The Order : November 16, 2023 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 22.03.2023 Of The National Faceless Appeal Centre (Hereinafter Referred To As The ‘Cit(A)’) Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Assessee In This Appeal Has Taken The Following Grounds Of Appeal: “1. That The Ld. Lower Authorities Erred In Law & In Fact By Making An Addition Of Inr 1,00,270 Under Section 14A When The Assessee Had Sufficient Fund To Make Investment Out Of Own Funds. 2. That The Ld. Lower Authorities Erred In Law & In Fact By Making An Addition Of Inr 1,00,270 Under Section 14A When The Assessee Did Not Earn Any Exempted Income In The First Place.

Section 14ASection 250

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘ए’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH KOLKATA "ी संजय गग", "या"यक सद"य एवं "ी मनीष बोरड, लेखा सद"य के सम" Before Shri Sanjay Garg, Judicial Member and Dr. Manish Borad, Accountant Member I.T.A No.611/Kol/2023 Assessment year: 2014-15 SKP Securities Ltd……………...................................................……Appellant 33A, J L Nehru Road, Park Street, Kolkata. [PAN: AAECS3847A] vs. DCIT, C.C-2(2), Kolkata................................……........……...…..…..Respondent Appearances by: Shri Akshay Ringasia, AR, appeared on behalf of the appellant. Shri B. K. Si…

Mirae Asset Global Investments (India) Private Limited, Mumbai vs. Commissioner of Income Tax (Appeals), New Delhi

In the result, appeal of the assessee is allowed

ITA 2176/MUM/2023[2017-18]Status: DisposedITAT Mumbai31 Oct 2023AY 2017-18

Section 143(3)Section 14ASection 260A

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘D‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI GAGAN GOYAL, ACCOUNTANT MEMBER M/s. Mirae Asset Global Vs. Commissioner of Investments (India) Pvt. Ltd. Income Tax (Appeals) Unit-606, 6th Floor New Delhi Windsor Building CST Road, Vidyanagri Marg, Kalina Santacruz (E) Mumbai PAN/GIR No.AAECM8387K (Appellant) .. (Respondent) Assessee by Shri Tanzil Padvekar / Ms. Tejal Kharkar Revenue by Smt. Mahita Nair Date of Hearing 31/10/2023 Date of Pronouncement 31/10/2023 आदेश / O R D E R PER AMIT SHUKLA (J.M): The aforesaid appeal has been filed by the assessee…

Elara Capital (India) Private Limited, Mumbai vs. ACIT- Circle 6(2)(2), Mumbai

In the result, the appeal of the assessee is allowed

ITA 1569/MUM/2023[2017-18]Status: DisposedITAT Mumbai31 Jul 2023AY 2017-18

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2017-18 Elara Capital (India) Pvt. Ltd., The Acit-Circle 6(2)(2), Tower 3, 21St Floor, One Room No. 506, 5Th Floor, Vs. International Center, Senapati Aayakar Bhavan, Maharshi Bapat Marg, Elphinstone Karve Road, Mumbai- Road (West), Mumbai-400013. 400020. Pan No. Aabce 6487 B Appellant Respondent

For Appellant: Mr. Milind DattaniFor Respondent: Mr. P.D. Chogule (Addl. CIT)

Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “E” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND MS. KAVITHA RAJAGOPAL (JUDICIAL MEMBER) Assessment Year: 2017-18 Elara Capital (India) Pvt. Ltd., The ACIT-Circle 6(2)(2), Tower 3, 21st Floor, One Room No. 506, 5th floor, Vs. International Center, Senapati Aayakar Bhavan, Maharshi Bapat Marg, Elphinstone Karve Road, Mumbai- Road (West), Mumbai-400013. 400020. PAN NO. AABCE 6487 B Appellant Respondent Assessee by : Mr. Milind Dattani Revenue by : Mr. P.D. Chogule (Addl. CIT) Date of Hearing : 19/07/2023 : Date of pronouncement 31/07/2023 ORDER PER…

Reliance Entertainment Network Pvt Ltd, Mumbai vs. Principle Commissioner of Income Tax-8, Mumbai

In the result, the appeal of the assessee is allowed

ITA 1434/MUM/2023[2018-2019]Status: DisposedITAT Mumbai31 Jul 2023AY 2018-2019

Bench: Shri Amit Shukla & Shri Amarjit Singhreliance Entertainment Vs. Principal Commissioner Networks Pvt. Ltd. Of Income Tax-8, Maneke Mahal, 6Th Floor, Room No. 611, 6 Th Floor, 90, Veer Nariman Road Aayakar Bhavan Churchgate M.K.Road, Mumbai – 400020 Mumbai - 400020 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaacr2367J Appellant .. Respondent [ Appellant By : Jitendra Sanghvi & Amit Khatiwala Respondent By : Neena Jeph Date Of Hearing 25.07.2023 Date Of Pronouncement 31.07.2023 आदेश / O R D E R Per Amarjit Singh (Am): This Appeal Filed By The Assesse Is Directed Against The Order U/S 263 Of The Act Passed By The Ld. Pr. Cit, Mumbai-8, Dated 28.03.2023 For A.Y. 2018-19. The Assessee Has Raised The Following Grounds Before Us: “1. Under The Facts & Circumstances Of The Case & In Law, The Learned Principal Commissioner Of Income Tax 08. Mumbai (The Pcit) Erred In Invoking The Provisions Of Section 263 Of The Act & Directing Setting Aside Of The Assessment Order Passed Under Section 143(3) Of The Act By The Deputy Commissioner Of Income Tax, Circle -8(1)(1), Mumbai (The Assessing Officer) Dated 3.3.2021 On The Alleged Ground That The Said Assessment Order Was Erroneous & Prejudicial To The Interest Of The Revenue.

For Appellant: Jitendra Sanghvi &For Respondent: Neena Jeph

Section 143(3)Section 14ASection 263

…P a g e | 1 Reliance Entertainment Networks Pvt. Ltd. Vs. Pr.CIT-8 IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI AMARJIT SINGH, ACCOUNTANT MEMBER Reliance Entertainment Vs. Principal Commissioner Networks Pvt. Ltd. of Income Tax-8, Maneke Mahal, 6th Floor, Room No. 611, 6 th Floor, 90, Veer Nariman Road Aayakar Bhavan Churchgate M.K.Road, Mumbai – 400020 Mumbai - 400020 स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACR2367J Appellant .. Respondent [ Appellant by : Jitendra Sanghvi & Amit Khatiwala Respondent by : Neena Jeph Date of Hearing 25.07.2023 Date of…

Seven Hills Bytes Pvt. Ltd., Kolkata vs. DCIT, Cir-1(1), Kolkata

In the result, the appeal of the assessee stands allowed

ITA 246/KOL/2023[2015-16]Status: DisposedITAT Kolkata27 Jun 2023AY 2015-16

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A No.246/Kol/2023 Assessment Year: 2015-16 Seven Hills Bytes Pvt. Ltd....………………................................……Appellant 156A, Lenin Sarani, 1St Floor, Kolkata-700013. [Pan: Aakcs4244B] Vs. Dcit, Circle-1(1), Kolkata….…….............……........……...…..…..Respondent Appearances By: Shri Miraj D. Shah, Ar, Appeared On Behalf Of The Appellant. Shri P. P. Barman, Addl. Cit- Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : May 09, 2023 Date Of Pronouncing The Order : June 27, 2023 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 03.02.2023 Of The National Faceless Appeal Centre (Hereinafter Referred To As The ‘Cit(A)’) Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Assessee In This Appeal Has Assailed The Action Of The Lower Authorities In Making/Confirming The Addition Of Rs.1,31,797/- U/S 14A Of The Act In Respect Of Notional Expenses Incurred For Earning Of Exempt Income. At The Outset, The Ld. Counsel For The Assessee Has Invited Our Attention To Para 5 Of The Impugned Order Of The Cit(A) To Submit That The Undisputed Fact Is That The Assessee Has Not Earned Any Exempt

Section 14ASection 250

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘बी’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH KOLKATA "ी संजय गग", "या"यक सद"य एवं "ी मनीष बोरड, लेखा सद"य के सम" Before Shri Sanjay Garg, Judicial Member and Dr. Manish Borad, Accountant Member I.T.A No.246/Kol/2023 Assessment year: 2015-16 Seven Hills Bytes Pvt. Ltd....………………................................……Appellant 156A, Lenin Sarani, 1st Floor, Kolkata-700013. [PAN: AAKCS4244B] vs. DCIT, Circle-1(1), Kolkata….…….............……........……...…..…..Respondent Appearances by: Shri Miraj d. Shah, AR, appeared on behalf of the appellant. Shri P. P. Barman, Addl. CIT…

M/S Capital Tours(India) Pvt. Ltd, Kolkata vs. ITO, Ward-12(1), Kolkata

In the result, the appeal of the assessee is treated as partly allowed

ITA 507/KOL/2020[2015-16]Status: DisposedITAT Kolkata16 Mar 2023AY 2015-16

Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A No.507/Kol/2020 Assessment Year: 2015-16 M/S Capital Tours (India) Pvt. Ltd..............................………...…..…Appellant 1, J Embassy Building, 4, Shakepeare Sarani, Kolkata- 700 071. [Pan: Aabcc2821K] Vs. Ito, Ward-12(1), Kolkata......................................................…..…..Respondent Appearances By: Shri Miraj D Shah, Ar, Appeared On Behalf Of The Appellant. Shri P. P Barman, Addl. Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 17, 2023 Date Of Pronouncing The Order : March 16, 2023 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 07.06.2019 Of The Commissioner Of Income Tax (Appeals)-17, Kolkata [Hereinafter Referred To As The ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Assessee In This Appeal Has Taken The Following Grounds Of Appeal: “1. That The Order Passed By The Ld. Cit (Appeals)-17, Kolkata U/S 250 Confirming The Additions & Disallowances Made By Learned Assessing Officer Is Wrong In The Law & Facts Of The Case. 2. That The Ld. Cit (Appeals) - 17, Kolkata Erred In Law As Well As On Facts Of The Case By Confirming The Disallowance Of Employee'S Contribution For

Section 14ASection 2(24)Section 250Section 3Section 36(1)Section 36(1)(va)Section 43B

…आयकर अपील"य अ"धकरण, कोलकाता पीठ ‘बी’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH KOLKATA "ी संजय गग", "या"यक सद"य एवं "ी मनीष बोरड, लेखा सद"य के सम" Before Shri Sanjay Garg, Judicial Member and Dr. Manish Borad, Accountant Member I.T.A No.507/Kol/2020 Assessment year: 2015-16 M/s Capital Tours (India) Pvt. Ltd..............................………...…..…Appellant 1, J Embassy Building, 4, Shakepeare Sarani, Kolkata- 700 071. [PAN: AABCC2821K] vs. ITO, Ward-12(1), Kolkata......................................................…..…..Respondent Appearances by: Shri Miraj D Shah, AR, appeared on behalf of the…