G.V.K. Biosciences Pvt. Ltd. v. ACIT

49 Taxmann.com 385Reported decision2014#10648 most cited

What is G.V.K. Biosciences Pvt. Ltd. v. ACIT authority for?

A Principal Commissioner cannot deny a claim for exemption under section 10(23FB) solely based on allegations that do not substantiate the denial.

10

judgments rely on this decision, according to BharatTax’s citation analysis of 366,315 Indian tax judgments — from 2025 to 2025.

Also referred to as

G.V.K. Biosciences Pvt. Ltd. v. ACIT · 2014 · section 10(23FB) · exemption · Milestone Real Estate Fund · Principal Commissioner · denial of claim

Sections most often in play

Section 14ASection 37(1)Section 40(1)Section 40(2A)Section 44Section 10(23FB)Section 1938 Section 40(1)Section 1938 Section 40(2A)

Issues it is cited on

section 40(1)section 102prohibited by lawsection 22section 29section 44section 37(1)commissioner (appeals)section 40section 37section 14asection 10

Judgments citing G.V.K. Biosciences Pvt. Ltd. v. ACIT

DCIT, CC-6(2), Mumbai vs. Hdfc Ergo General Insurance Company Limited, Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 3281/MUM/2025[2016-17]Status: DisposedITAT Mumbai30 Jul 2025AY 2016-17

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

DCIT, CC-6(2), Mumbai vs. Hdfc Ergo General Insurance Company Limited, Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 3280/MUM/2025[2015-16]Status: DisposedITAT Mumbai30 Jul 2025AY 2015-16

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Deputy Commissioner of Income Tax, Central Circle 6(2), Mumbai vs. Hdfc Ergo General Insurance Company Limited, Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 3278/MUM/2025[2011-12]Status: DisposedITAT Mumbai30 Jul 2025AY 2011-12

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

DCIT, CC-6(2), Mumbai vs. Hdfc Ergo General Insurance Company Limited, Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 3277/MUM/2025[2010-11]Status: DisposedITAT Mumbai30 Jul 2025AY 2010-11

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Hdfc Ergo General Insurance Company Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 2841/MUM/2025[2016-17]Status: DisposedITAT Mumbai30 Jul 2025AY 2016-17

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Hdfc Ergo General Insurance Company Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 2840/MUM/2025[2015-16]Status: DisposedITAT Mumbai30 Jul 2025AY 2015-16

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Hdfc Ergo General Insurance Company Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 2839/MUM/2025[2014-15]Status: DisposedITAT Mumbai30 Jul 2025AY 2014-15

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Hdfc Ergo General Insurance Company Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 2838/MUM/2025[2013-14]Status: DisposedITAT Mumbai30 Jul 2025AY 2013-14

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Hdfc Ergo General Insurance Company Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 2837/MUM/2025[2011-12]Status: DisposedITAT Mumbai30 Jul 2025AY 2011-12

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

Hdfc Ergo General Insurance Company Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai

Appeals are partly allowed and Revenue’s appeals are dismissed

ITA 2836/MUM/2025[2010-11]Status: DisposedITAT Mumbai30 Jul 2025AY 2010-11

Bench: Shri Saktijit Dey, Vp & Shri Prabhash Shankar, Am

For Appellant: Shri J.D. Mistri a/wFor Respondent: Shri Ritesh Misra, CIT (DR) Shri
Section 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI PRABHASH SHANKAR, AM ITA No.2836, 2837, 2838, 2839, 2840, 2841/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2014-15, 2015-16, 2016-17 ) HDFC ERGO General Insurance Assistant Commissioner of Income Tax, Company Ltd., Central Circle 6(2), Kautilya Bhavan, 6th Floor, Leela Business Park, Mumbai-400051 Andheri Kurla Road, Andheri East, Mumbai- 400059 Vs. J.B. Nagar S.O. (Appellant) : (Respondent) PAN NO. AABCL5045N ITA No.3277, 3278, 3279, 3280 & 3281/Mum/2025 (Assessment Years: 2010-11, 2011-12, 2013-14, 2015-16,…

G.V.K. Biosciences Pvt. Ltd. v. ACIT (49 Taxmann.com 385) — Cited in 10 Judgments | BharatTax