DIT v. Besix Kier Dabhol SA

STRIDES SHASUN LTD,NAVI MUMBAI vs. DCIT CIR 15(3)(2), MUMBAI

In the result, appeal of assessee is partly allowed

Bench: Shri Vikas Awasthy& Shri Amarjit Singhआअसं.932 /मुं/2017 (िन.व. 2012-13) Strides Pharma Science Limited [Formerly Known As Strides Arcolab Limited/ Strides Shasun Limited] 201, Devavrata, Sector -17, Vashi, Navi Mumbai – 400 703 Pan: Aadcs-8104-P ...... अपीलाथ"/Appellant बनाम Vs. The Deputy Commissioner Of Income Tax Circle – 15(3)(2), Mumbai Room No.451, 4Th Floor, Aaykar Bhavan, M.K.Road, Mumbai – 400 020 ..... "ितवादी/Respondent अपीलाथ" "ारा/ Appellant By : Shri Nitesh Joshi, Advocate With Shri Ninand Patade "ितवादी "ारा/Respondent By : Shri Anoop Hiwase सुनवाई क" ितिथ/ Date Of Hearing : 26/10/2023 घोषणा क" ितिथ/ Date Of Pronouncement : 15 /01/2024 आदेश/Order Per Vikas Awasthy, Jm: This Appeal By The Assessee Is Directed Against The Final Assessment Order Dated 23/01/2017 Passed U/S. 143(3) R.W.S. 144C(13) Of The Income Tax Act, 1961 [In Short ‘The Act’], For The Assessment Year 2012-13. 2. The Assessee In Appeal Has Raised As Many As 12 Grounds. Shri Nitesh Joshi, Advocate Appearing On Behalf Of The Assessee Submitted At The Outset

…आयकर अपीलीय अिधकरण मुंबई पीठ “एच ”,मुंबई "ी िवकास अव"थी, "याियक सद"य एवं "ी अमरजीत "सह, लेखाकार सद"य के सम" IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “ H ”, MUMBAI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER& SHRI AMARJIT SINGH, ACCOUNTANT MEMBER आअसं.932 /मुं/2017 (िन.व. 2012-13) Strides Pharma Science Limited [Formerly known as Strides Arcolab Limited/ Strides Shasun Limited] 201, Devavrata, Sector -17, Vashi, Navi Mumbai – 400 703 PAN: AADCS-8104-P ...... अपीलाथ"/Appellant बनाम Vs. The Deputy Commissioner of Income Tax Circle – 15(3)(2), Mumbai Room No.451, 4th Floor, Aaykar Bhavan, M.K.Road, Mumba…

STRIDES PHARMA SCIENCE LTD.,NAVI MUMBAI vs. THE DY CIT -5(1)(2), MUMBAI

In the result ITA number 1004/M/2021 filed by the assessee for assessment year 2016 – 17 is allowed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm Strides Pharma Science Ltd. Dcit 15(1)(2) 201, Devavrata, Sector-17, Aayakar Bhavan, M K Road, Vs. Vashi, Navi Mumbai, 400703 Mumbai 400020 (Appellant) (Respondent) Pan No. Aadcs8104P

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI SANDEEP SINGH KARHAIL, JM Strides Pharma Science Ltd. DCIT 15(1)(2) 201, Devavrata, Sector-17, Aayakar Bhavan, M K Road, Vs. Vashi, Navi Mumbai, 400703 Mumbai 400020 (Appellant) (Respondent) PAN No. AADCS8104P : Shri Nishant Gandh, AR Assessee by Revenue by : Ms Samruddhi Hande SR DR, Aditya M Rai Sr AR, Suresh Gaikwad SR AR Date of hearing: 17-02-023,23/06/2023 and 07/07/2023 Date of pronouncement : 05.10.2023 O R D E R PER PRASHANT MAHARISHI, AM: 1. This Appeal, ITA No. 1004/Mum/2021 for assessment Year 2016-1…

STRIDES SHASUN LTD,NAVI MUMBAI vs. DCIT CIR 15(3)(2), MUMBAI

Bench: Shri Kuldip Singh & Ms. Padmavathy Sassessment Year: 2011-12

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “J”, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND MS. PADMAVATHY S, ACCOUNTANT MEMBER Assessment Year: 2011-12 M/s. Strides Shasun Ltd., The Deputy Commissioner (Formerly known as of Income Tax, Strides Acrcolab Limited), Circle 15(3)(2), Vs. No.451, 4th Floor, 201, Devavrata, Sector 17, Vashi, Aayakar Bhavan, Navi Mumbai – 400 703 M.K. Road, PAN: AADCS8104P Mumbai - 400020 (Appellant) (Respondent) Present for: Assessee by : Shri Ninad Patade, A.R. Revenue by : Shri Manoj Kumar, CIT D.R. Date of Hearing : 27 . 06 . 2023 Date of Pronouncement : 28 . 06…

STRIDES ARCOLAB LTD,NAVI MUMBAI vs. DCIT CIR 15(3)(2), MUMBAI

The appeal of the assessee is allowed

Bench: Amit Shukla () & Ms. Padmavathy S. ()

…1 ITA 1903/Mum/2015 M/s Strides Arcolab Limited IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “J”, MUMBAI BEFORE AMIT SHUKLA (JUDICIAL MEMBER) AND MS. PADMAVATHY S. (ACCOUNTANT MEMBER) I.T.A. No.1903/Mum/2015 (A.Y 2010-11) M/s Strides Arcolab Limited vs The Deputy Commissioner of Income 201, Devavrata, Sector 17, Vashi Tax, Circle 15(3)(2), Mumbai Navi Mumbai-400 703 PAN ; AADCS8104P APPELLANT RESPONDENT Assessee represented by Shri Nitesh Joshi / Ketan Ved Department represented by Shri Manoj Kumar – CIT DR Date of hearing 21-04-2023 Date of pronouncement 23-05-2023 O R D E R This appeal is against the…

PFS SHIPPING (I) LIMITED,MUMBAI vs. DCIT CC 1(2), MUMBAI

In the result, the appeal preferred by the Assessee [ITA No

…IN THE INCOME TAX APPELLATE TRIBUNAL "K" BENCH, MUMBAI SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER PFS Shipping (I) Ltd., 3rd Floor, Lloyds Centre Point, Appasaheb Marathe Marg, Prabhadevi, ……………… Appellant Mumbai - 400025 [PAN: AADCA8387L] Vs Deputy Commissioner of Income Tax, Central Circle – 1(2), Mumbai, ……………. Respondent Old CGO Building, Room No. 906, Annexe 9th Floor, Maharishi Karve Marg, Mumbai - 400020 Deputy Commissioner of Income Tax, Central Circle – 1(2), Mumbai, ……………… Appellant 906, 9th Floor, Pratishtha Bhavan, Old CGO Building, (Annexe), M.K. Road, Mumbai - 4…

DY CIT CC-1(4), MUMBAI vs. M/S GRASIM INDUSTRIES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

…IN THE INCOME TAX APPELLATE TRIBUNAL ―G‖ BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI PAVAN KUMAR GADALE, JM ITA No. 1935/MUM/2020& SA NO 135/M/2021 (Assessment Year 2018-19) DCIT, Central Circle-1(4) Grasim Industries Ltd. Room No. 902, 9th Floor, Old A-Wing, 2nd Floor, Aditya CGO Building Annex, Vs. Birla Centre, S.K. Ahire Pratishtha Bhavan, M.K. Marg, Worli, Mumbai-400 030 Road, Mumbai- 400 020 (Appellant) (Respondent) DCIT, Central Circle-1(4) Grasim Industries Ltd. Room No. 902, 9th Floor, Old Aditya Birla Centre, A-Wing, CGO Building Annex, 4th Floor, S.K. Ahire Marg, Vs. Pratishtha Bhavan, M.…

GRASIM INDUSTRIES LTD.,MUMBAI vs. DY CIT, CENTRAL CIRCLE-1(4), MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

…IN THE INCOME TAX APPELLATE TRIBUNAL ―G‖ BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI PAVAN KUMAR GADALE, JM ITA No. 1935/MUM/2020& SA NO 135/M/2021 (Assessment Year 2018-19) DCIT, Central Circle-1(4) Grasim Industries Ltd. Room No. 902, 9th Floor, Old A-Wing, 2nd Floor, Aditya CGO Building Annex, Vs. Birla Centre, S.K. Ahire Pratishtha Bhavan, M.K. Marg, Worli, Mumbai-400 030 Road, Mumbai- 400 020 (Appellant) (Respondent) DCIT, Central Circle-1(4) Grasim Industries Ltd. Room No. 902, 9th Floor, Old Aditya Birla Centre, A-Wing, CGO Building Annex, 4th Floor, S.K. Ahire Marg, Vs. Pratishtha Bhavan, M.…

RELIANCE INDUSTRIES LTD.,MUMBAI vs. ASSTT. CIT-CC-3(4), MUMBAI

In the result, appeal by the Revenue is dismissed

Bench: Shri Pramod Kumar, Vice Preside & Shri Sandeep Singh Karhail

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI PRAMOD KUMAR, VICE PRESIDE AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No.579/Mum./2021 (Assessment Year : 2016–17) Reliance Industries Ltd. Maker Chamber–IV, 3rd Floor ……………. Appellant 222, Nariman Point, Mumbai 400 021 PAN – AAACR5055K v/s Asstt. Commissioner of Income Tax …………….Respondent Central Circle–3(4), Mumbai ITA No.1438/Mum./2021 (Assessment Year : 2016–17) Asstt. Commissioner of Income Tax ……………. Appellant Central Circle–3(4), Mumbai v/s Reliance Industries Ltd. Maker Chamber–IV, 3rd Floor …………….Respondent 222, Nariman Point…

ACIT -3(4) , MUMBAI vs. RELIANCE INDUSTRIES LTD, MUMBAI

In the result, appeal by the Revenue is dismissed

Bench: Shri Pramod Kumar, Vice Preside & Shri Sandeep Singh Karhail

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI PRAMOD KUMAR, VICE PRESIDE AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No.579/Mum./2021 (Assessment Year : 2016–17) Reliance Industries Ltd. Maker Chamber–IV, 3rd Floor ……………. Appellant 222, Nariman Point, Mumbai 400 021 PAN – AAACR5055K v/s Asstt. Commissioner of Income Tax …………….Respondent Central Circle–3(4), Mumbai ITA No.1438/Mum./2021 (Assessment Year : 2016–17) Asstt. Commissioner of Income Tax ……………. Appellant Central Circle–3(4), Mumbai v/s Reliance Industries Ltd. Maker Chamber–IV, 3rd Floor …………….Respondent 222, Nariman Point…

STRIDES PHARMA SCIENCE LTD,NAVI MUMBAI vs. DY CIT 15 (3)(2), MUMBAI

In the result, appeal by the assessee is partly allowed for statistical purpose

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No. 7992/Mum./2019 (Assessment Year : 2015–16) Strides Pharma Science Ltd. 201, Devavrata, Sector–17 ……………. Appellant Vashi, Navi Mumbai 400 703 PAN – AADCS8104P v/s Dy. Commissioner of Income Tax ……………. Respondent Circle–5(3)(2), Mumbai Assessee by : Shri Nishit Gandhi a/w Ms. Akshita Bhandari Revenue by : Ms. Vatsalaa Jha (CIT) Date of Hearing – 09.02.2022 Date of Order – 06.04.2022 O R D E R PER SANDEEP SINGH KARHAIL, J.M. The present appeal has b…

ESSAR POWER LIMITED,MUMBAI vs. ACIT- RG - 6(2)(2), MUMBAI

In the result, the appeal of the assessee is allowed in part

Bench: Shri R.C.Sharma, Am & Shri Pawan Singh, Jm Essar Power Limited, Vs. A.C.I.T., Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400034. Range-6(2)(2), Mumbai. Pan/Gir No. Aaace 0895 J (Appellant) .. (Respondent) Assessee By Shri Anuj Kisnadwala (Ar) Revenue By Shri Akhtar Hussain Ansari (Dr) Date Of Hearing 02/03/2020 Date Of Pronouncement 25/08/2020 आदेश / O R D E R Per: R.C. Sharma, A.M. This Is The Appeal Filed By The Assessee Against The Direction Of The Ld. Dispute Resolution Panel-1(Wz), Mumbai (In Short, The Drp) Dated 24/07/2018 For The A.Y. 2014-15 U/S 144C(5) Of The Income Tax Act, 1961 (In Short, The Act). The Assessee Has Raised Following Grounds Of Appeal: “On The Facts & Circumstances Of The Case & In Law, 1. The Learned Assessing Officer ('Ao') Has Erred In Completing The Assessment Of Appellant At Inr 1,43,93,58,982 /- (As Against Returned Loss Of Inr (64,80,75,116) Vide Assessment Order Under Section 143(3) R.W.S 144C Of The Income-Tax Act, 1961 ('The Act') After Considering The Adjustments Made By Learned Transfer Pricing Officer (Tpo) In His Order Passed Under Section 92Ca(3) Of The Act & Subsequently Confirmed By The Learned Dispute Resolution Panel ('Drp'). Essar Power Limited Vs Acit Grounds Relating To Transfer Pricing Matters: 2. The Tpo/Ao/Drp Erred In Making An Adjustment Of Rs.5,22,146/- For Interest On Outstanding Receivables From Essar Africa Holding Ltd & Considering The Same As A Separate International Transaction & Charging Notional Interest.

…IN THE INCOME TAX APPELLATE TRIBUNAL “K”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, AM & SHRI PAWAN SINGH, JM Essar Power Limited, Vs. A.C.I.T., Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400034. Range-6(2)(2), Mumbai. PAN/GIR No. AAACE 0895 J (Appellant) .. (Respondent) Assessee by Shri Anuj Kisnadwala (AR) Revenue by Shri Akhtar Hussain Ansari (DR) Date of Hearing 02/03/2020 Date of Pronouncement 25/08/2020 आदेश / O R D E R PER: R.C. SHARMA, A.M. This is the appeal filed by the assessee against the direction of the Ld. Dispute Resolution Panel-1(WZ), Mumbai (in short, the DRP) dated 24/07/2018 for the A.Y. 2014-…

ESSAR SHIPPING LIMITED ,MUMBAI vs. ACIT-5(1)(2), MUMBAI

In the result, ground No.10 is allowed for statistical purposes

Bench: Shri R.C.Sharma, Am & Shri Vikas Awasthy, Jm Essar Shipping Ltd., Vs. A.C.I.T.-5(1)(2), 11, K.K. Marg, Mahalaxmi, Mumbai. Mumbai-400034. Pan/Gir No.Aacce 3707 D (Appellant) .. (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL “K”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, AM & SHRI VIKAS AWASTHY, JM Essar Shipping Ltd., Vs. A.C.I.T.-5(1)(2), 11, K.K. Marg, Mahalaxmi, Mumbai. Mumbai-400034. PAN/GIR No.AACCE 3707 D (Appellant) .. (Respondent) Assessee by Shri Vijay Mehta (AR) Revenue by Ms. Nillu Jaggi (Jt.CIT) Date of Hearing 12/12/2019 Date of Pronouncement 06/03/2020 आदेश / O R D E R PER: R.C. SHARMA, A.M. This is the appeal filed by the assessee against the direction of the Dispute Resolution Panel-1(WZ), Mumbai (in short, the DRP) U/s 144C(5) of the Income Tax Act, 1961 (in short, the Act) dated…

KHORAKIWALA HOLDINGS AND INVESTMENTS PVT. LTD.,MUMBAI vs. ASST CIT 14(2(1), MUMBAI

Appeal is dismissed

Bench: Shri Rajesh Kumar & Shri Amarjit Singhassessment Year: 2013-14

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “H”, MUMBAI BEFORE SHRI RAJESH KUMAR, ACCOUNTANT MEMBER AND SHRI AMARJIT SINGH, JUDICIAL MEMBER Assessment Year: 2013-14 M/s. Khorakiwala The Assistant Holdings and Investments Commissioner of Income Pvt. Ltd., Tax-14(2)(1), Wockhardt Towers, Vs. Aayakar Bhavan, Bandra Kurla Complex, M.K. Road, Bandra (East), Mumbai - 400020 Mumbai PAN: AAACK1955D (Appellant) (Respondent) Assessment Year: 2013-14 The DCIT -14(2)(1), M/s. Khorakiwala Room No.432, 4th Floor, Holdings and Investments Aayakar Bhavan, Pvt. Ltd., M.K. Road, Vs. Wockhardt Towers, Marine Lines, Bandr…

ASST CIT (LTU) 2, MUMBAI vs. RELIANCE INDUSTRIES LTD, MUMBAI

Bench: S/Shri B.R.Baskaran (Am) & Amarjit Singh (Jm)

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” Bench, Mumbai Before S/Shri B.R.Baskaran (AM) & Amarjit Singh (JM) I.T.(TP)A. No. 1547/Mum/2016 (Assessment Year 2010-11) I.T.(TP)A. No. 2733/Mum/2017 (Assessment Year 2011-12) I.T.(TP)A. No. 5842/Mum/2017 (Assessment Year 2012-13) ACIT(Large Taxpayer Unit)-2 M/s. Reliance World Trade Centre 1 Vs. Industries limited 29th Floor, Cuffe Parade Maker Chambers IV Mumbai-400 005. 3rd Floor, 222 Nariman Point Mumbai-400 021. (Appellant) (Respondent) I.T.(TP)A. No. 1280/Mum/2016 (Assessment Year 2010-11) I.T.(TP)A. No. 2414/Mum/2017 (Assessment Year 2011-12) I.T.(TP)A. No.…

ESSAR STEEL ORISSA LTD,MUMBAI vs. ASST CIT RG 5(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Rajendra & Shri C.N. Prasad, आयकर अपील सं /I.Ta No. 2289/Mum/2014 ("नधा"रण वष" / Assessment Year:2008-09 M/S. Essar Steel Orissa The Acit, Range 5(1), बनाम/ Ltd., (Since Merged With Aayakar Bhavan, Vs. Essar Steel India Ltd.), Mumbai-40 020 Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400 034 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aacfe 1526H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Shri Vijay Mehta अपीलाथ" ओर से/ Appellant By: Shri Vivek A Peram ""यथ" क" ओर से/Respondent By: Purna

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ , मुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI RAJENDRA, ACCOUNTANT MEMBER AND SHRI C.N. PRASAD, JUDICIAL MEMBER, आयकर अपील सं /I.TA No. 2289/Mum/2014 ("नधा"रण वष" / Assessment Year:2008-09 M/s. Essar Steel Orissa The ACIT, Range 5(1), बनाम/ Ltd., (Since merged with Aayakar Bhavan, Vs. Essar Steel India Ltd.), Mumbai-40 020 Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400 034 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. AACFE 1526H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Shri Vijay Mehta अपीलाथ" ओर से/ Appellant by: Shri Vivek A Peram ""यथ" क" ओर स…

DCIT CIR 7(1), MUMBAI vs. PAN INDIA NETWORK INFRAVEST P. LTD, MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Shri A.K. Garodia, Am & Shri Amit Shukla, J.M. आयकर अपील सं./I.T.A. No.7026 & 7025/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08 & 2008 - 09) M/S Pan India Network Infravest Pvt. Addl. Commissioner Of Income Tax, Ltd., Range 7 (1), बनाम Continental Building, Mumbai. 135, Dr. Annie Besant Road, / Vs. Worli, Mumbai-400 018. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaccp 2459H (अपीलाथ" /Appellant) (""यथ" / Respondent) : आयकर अपील सं./I.T.A. No.7608/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08) Addl. Commissioner Of Income Tax, M/S Pan India Network Infravest Pvt. Range 7 (1), Ltd., बनाम Mumbai. Continental Building, 135, Dr. Annie Besant Road, / Vs. Worli, Mumbai-400 018. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaccp 2459H (अपीलाथ" /Appellant) (""यथ" / Respondent) : Shri Vijay Mehta : अपीलाथ" क" ओर से / Assessee By : Shri N. Padmanabjan ""यथ" क" ओर से/Revenue By सुनवाई क" तार"ख / : 01/12/2015 Date Of Hearing घोषणा क" तार"ख / : 04.12.2015 Date Of Pronouncement आदेश / O R D E R Per A. K. Garodia, A. M: Out Of This Bunch Of Three Appeals, There Are Two Cross Appeals For A. Y. 2007 – 08 & The Remaining Appeal Is Filed By The Assessee For A.Y. 2008 – 09. All These By This Common Order For The Sake Of Convenience.

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI A.K. GARODIA, AM and SHRI AMIT SHUKLA, J.M. आयकर अपील सं./I.T.A. No.7026 & 7025/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08 & 2008 - 09) M/s Pan India Network Infravest Pvt. Addl. Commissioner of Income Tax, Ltd., Range 7 (1), बनाम Continental Building, Mumbai. 135, Dr. Annie Besant Road, / Vs. Worli, Mumbai-400 018. "थायी लेखा सं./जीआइआर सं./PAN/GIR No. AACCP 2459H (अपीलाथ" /Appellant) (""यथ" / Respondent) : आयकर अपील सं./I.T.A. No.7608/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08) Addl. Commissioner of Income Tax, M/s Pan India Network…

PAN INDIA NETWORK LTD,MUMBAI vs. ITO WD 7(1)(3), MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Shri A.K. Garodia, Am & Shri Amit Shukla, J.M. आयकर अपील सं./I.T.A. No.7026 & 7025/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08 & 2008 - 09) M/S Pan India Network Infravest Pvt. Addl. Commissioner Of Income Tax, Ltd., Range 7 (1), बनाम Continental Building, Mumbai. 135, Dr. Annie Besant Road, / Vs. Worli, Mumbai-400 018. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaccp 2459H (अपीलाथ" /Appellant) (""यथ" / Respondent) : आयकर अपील सं./I.T.A. No.7608/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08) Addl. Commissioner Of Income Tax, M/S Pan India Network Infravest Pvt. Range 7 (1), Ltd., बनाम Mumbai. Continental Building, 135, Dr. Annie Besant Road, / Vs. Worli, Mumbai-400 018. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaccp 2459H (अपीलाथ" /Appellant) (""यथ" / Respondent) : Shri Vijay Mehta : अपीलाथ" क" ओर से / Assessee By : Shri N. Padmanabjan ""यथ" क" ओर से/Revenue By सुनवाई क" तार"ख / : 01/12/2015 Date Of Hearing घोषणा क" तार"ख / : 04.12.2015 Date Of Pronouncement आदेश / O R D E R Per A. K. Garodia, A. M: Out Of This Bunch Of Three Appeals, There Are Two Cross Appeals For A. Y. 2007 – 08 & The Remaining Appeal Is Filed By The Assessee For A.Y. 2008 – 09. All These By This Common Order For The Sake Of Convenience.

…IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI A.K. GARODIA, AM and SHRI AMIT SHUKLA, J.M. आयकर अपील सं./I.T.A. No.7026 & 7025/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08 & 2008 - 09) M/s Pan India Network Infravest Pvt. Addl. Commissioner of Income Tax, Ltd., Range 7 (1), बनाम Continental Building, Mumbai. 135, Dr. Annie Besant Road, / Vs. Worli, Mumbai-400 018. "थायी लेखा सं./जीआइआर सं./PAN/GIR No. AACCP 2459H (अपीलाथ" /Appellant) (""यथ" / Respondent) : आयकर अपील सं./I.T.A. No.7608/Mum/2013 ("नधा"रण वष" / Assessment Year: 2007-08) Addl. Commissioner of Income Tax, M/s Pan India Network…