DCIT CEN CIR 7(3), MUMBAI vs. LODHA HI RISE BUILDERS P.LTD, MUMBAI
In the result, all the appeals filed by the Revenue are dismissed and cross objections filed by the assessee are allowed
ITA 3151/MUM/2017[2012-13]Status: DisposedITAT Mumbai31 Jan 2020AY 2012-13
Bench: Shri C.N. Prasad, Hon'Ble & Shri Rajesh Kumar, Hon'Ble
…High Court in CIT v. Bombay Conductors & Electricals Ltd (301 ITR 328), rendered on 11.02.2008; (x) Order of Ahmedabad Bench of Hon'ble Tribunal in Jitu Builders (P) Ltd. v. Addl. CIT 27 & other 39 files M/s. Lodha Builders (P.) Ltd & other group companies [124 ITD 134 (Ahd) (TM)], dated 16.07.2009; and (xi) Order of Ahmedabad Bench of Hon'ble Tribunal in ACIT v. Western India Ceramics (P.) Ltd (20 taxmann. Com 317), dated 12.10.2010. 10. It was argued by learned DR that the Hon'ble High Court declares the law as it was always and, hence, there was clearly violation of the provisions of the Act. He further argu…