Ltd. (1993) 203 ITR 108, CIT Vs. Nirav Modi (2017) 390 ITR 292, CIT v. Chemsword P. Ltd.

AMBUJA CEMENTS LIMITED,MUMBAI vs. PCIT, MUMBAI-3, MUMBAI

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

…IN THE INCOME-TAX APPELLATE TRIBUNAL “A” BENCH, MUMBAI BEFORE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No.3474/MUM/2025 (A.Y. 2019-20) Ambuja Cements Limited v/s. Principal Commissioner of Adani Corporate House, बनाम Income Tax, Mumbai 3, Shantigram Near Vaishnodevi Room No. 612, 6th Floor, Circle, SG Highway, Khodiyar Aayakar Bhavan, Maharishi Gandhi Nagar, Gujarat Karve Road, Mumbai 382421, Gujarat 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACG0569P Appellant/अपीलार्थी .. Respondent/प्रतिवादी Appellant by : Shri Sourabh Soparkar, AR (virtually appear)…

ASIA INVESTMENTS PVT.. LTD.,MUMBAI vs. DCIT ,CIRCLE 2 (1)(1), MUMBAI

In the result, all the three appeal

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI RAJ KUMAR CHAUHAN (JUDICIAL MEMBER) ITA No. 4529, 6353/MUM/2017, 6209/MUM/2019 Assessment Year: 2012-13, 2013-14, 2014-15 Asia Investments Pvt. Ltd., Asst. CIT Circle 2(1)(1), 10, Prasad Chambers, Opera Dy. CIT Circle 2(1)(1), Vs. House, Aayakar Bhavan, M.K. Road, Mumbai-400004. Mumbai-400020. PAN NO. AAACA 4539 K Appellant Respondent : Mr. Kalpesh Unadkat & Assessee by Mr. Hasmukh Ravaria : Mr. Rajesh Kumar Yadav, CIT-DR Revenue by Date of Hearing : 29/09/2025 : 27/11/2025 Date of pronounceme…

ASIA INVESTMENTS PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 2(1)(1), MUMBAI

In the result, all the three appeals are allowed partly

…{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL\nMUMBAI BENCH “A” MUMBAI\nBEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER)\nAND\nSHRI RAJ KUMAR CHAUHAN (JUDICIAL MEMBER)\n\nITA No. 4529, 6353/MUM/2017, 6209/MUM/2019\n Assessment Year: 2012-13, 2013-14, 2014-15\n\nAsia Investments Pvt. Ltd.,\n10, Prasad Chambers, Opera\nHouse,\nMumbai-400004.\nPAN NO. AAACA 4539 K\nAppellant\nVs.\nAsst. CIT Circle 2(1)(1),\nDy. CIT Circle 2(1)(1),\nAayakar Bhavan, M.K. Road,\nMumbai-400020.\nRespondent\n\nAssessee by\n: Mr. Kalpesh Unadkat &\nMr. Hasmukh Ravaria\nRevenue by\n: Mr. Rajesh Kumar Yadav, CIT-DR\n\nDate of Heari…

M/S. NIPPON LIFE INDIA A/F MANAGEMENT LIMITED ,MUMBAI vs. PCIT, MUMBAI -8, MUMBAI

Appeal is allowed

Bench: Shri Narender Kumar Choudhry (Jm) & Shri Omkareshwar Chidara (Am) Nippon Life India Aif Pcit-8 Management Limited Room No. 611 4Th Floor, Tower A Vs. 6Th Floor Peninsula Business Park Aayakar Bhavan Ganpatrao Kadam Marg M.K. Road Lower Parel Mumbai-400 020. Mumbai-400 013. Pan : Aabcr 7663L Appellant Respondent

…IN THE INCOME TAX APPELLATE TRIBUNAL Mumbai “B” Bench, Mumbai. Before Shri Narender Kumar Choudhry (JM) & Shri Omkareshwar Chidara (AM) Nippon Life India AIF PCIT-8 Management Limited Room No. 611 4th Floor, Tower A Vs. 6th Floor Peninsula Business Park Aayakar Bhavan Ganpatrao Kadam Marg M.K. Road Lower Parel Mumbai-400 020. Mumbai-400 013. PAN : AABCR 7663L Appellant Respondent : Shri Jitendra Sanghavi, CA Assessee by & Shri Amit Khatiwala : Shri Satyaprakash R. Singh Revenue by : 03/07/2025 Date of Hearing Date of pronouncement : 25/07/2025 O R D E R Per Omkareshwar Chidara (AM) :- In the above cited app…

ITO, WARD-2(1), THANE, THANE vs. CHALK FARM VENTURES PRIVATE LIMITED , BHAYENDER EAST

In the result, the appeal of the assessee is hereby allowed

Bench: The Hon'Ble High Court. 2. On The Facts & In Circumstances Of The Case, Since The Revenue Is In Appeal Before The Hon'Ble High Court On The Itat'S Decision, Which Is Pending As On Date, This Appeal Is Being Filed To Keep The Issue Alive. 3. The Appellant Craves Leave To Add, Amend Or Alter Any Ground/Grounds, Which May Be Necessary.”

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘C’ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SMT RENU JAUHRI, ACCOUNTANT MEMBER ITO Ward-2(1) Vs. Chalk Farm Ventures Thane Private Limited Indralok, Near RBK Global School Bhayander East-401105 Thane PAN/GIR No.AAGCC0332A (Appellant) .. (Respondent) Assessee by None Revenue by Shri Virabhadra S Mahajan, Sr. DR Date of Hearing 14/07/2025 Date of Pronouncement 22/07/2025 आदेश / O R D E R PER AMIT SHUKLA (J.M): The aforesaid appeal has been filed by the Revenue against order dated 12/03/2025 passed by NFAC, Delhi for the quantum of assessment passed u/s.14…

M/S AVTIL ENTERPRISES LIMITED,MUMBAI vs. PRINCIPLE CIT -5,MUMBAI, MUMBAI

In the result the appeal filed by the assessee is allowed

…which the AO has made sufficient enquiry examining the details furnished by the assessee. The assessee also relied on the decision of Hon’ble jurisdictional Bombay High Court in the case of Commissioner of Income-Tax v/s Future Corporate Resources Ltd. (2021) 132 Taxmann.com 173 (Bombay High Court) which reiterated similar proposition as in the case of assessee. In addition to this the assessee relied on the plethora of judgment in favour of the assessee. 6. From the above observation it is evident that the AO has called for the details pertaining to the expenses incurred for earning exempt income and the assess…

ASIAN STAR COMPANY LTD,MUMBAI vs. PCIT (CENTRAL), MUMBAI-1, MUMBAI

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

…THE INCOME TAX APPELLATE TRIBUNAL “A” Bench, Mumbai Shri B.R. Baskaran (AM) & Smt. Kavitha Rajagopal (JM) I.T.A. No. 710/Mum/2022 (A.Y. 2017-18) Vs. PCIT (Central)-1 Asian Star Company Ltd. 114-C, Mittal Court 1001, 10th Floor Nariman Point Pratishtha Bhavan Mumbai-400 021. Old CGO Building Annexe, M.K. Road PAN : AAACA4856B Mumbai-400 020. (Appellant) (Respondent) Assessee by Shri Suchek Anchaliya Department by Ms. Shailja Rai Date of Hearing 17.07.2022 Date of Pronouncement 12.08.2022 O R D E R Per B.R.Baskaran (AM) :- The assessee has filed this appeal challenging the revision order dated 31.3.2022 pas…

CHALK FARM VENTURES P. LTD.,MUMBAI vs. PR. CIT -1, THANE

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Amarjit Singh, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.906/Mum/2021 (ननधधारण वर्ा / Assessment Years: 2016-17) बनधम/ Chalk Farm Ventures Pvt. Pcit-1 Ltd. B Wing, Ashar It Park, Vs. 6Th Floor, Wagle No.202, Delta Building, Hiranandani Gardens, Powai, Industrial Estate, Thane- Mumbai-400076. 400604 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aagcc0332A (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee By: Shri Sanjay Parikh Revenue By: Shri Ashok Kumar Kardam (Dr) सुनवाई की तारीख / Date Of Hearing: 21/03/2022 घोषणा की तारीख /Date Of Pronouncement: 26/04/2022 आदेश / O R D E R Per Amarjit Singh, Jm: The Assessee Has Filed The Present Appeal Against The Order Dated 26.03.2021 Passed By The Principal Commissioner Of Income Tax-01, Thane [Hereinafter Referred To As The “Pcit”] Relevant To The A.Y.2016-17 In Which The Principal Commissioner Of Income Tax-01 Has Invoked The Provisions U/S 263 Of The I.T. Act, 1961. The Assessee Has Raised The Following Grounds Of Appeal: - 2. “Ground A: Proceeding U/S 263 Of The It Act Is Invalid & Bad In Law 1. The Learned Principal Commissioner Of Income Tax, Thane-1, (Pr. Cit) Erred In Facts & In Passing The Order U/S. 263 Without Appreciating That The Appellant Company Was Under Liquidation & No Order U/S. 263 Could Be Passed Without Giving Adequate Notice To The Liquidator Of The Appellant Company. 2. He Appellant Prays That Your Honour Hold That The Order Passed By The Ao U/S. 263 Is Bad In Law As The Same Is Passed Without Issuing Notice To The Liquidator Of The Appellant Company.

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.906/Mum/2021 (ननधधारण वर्ा / Assessment Years: 2016-17) बनधम/ Chalk Farm Ventures Pvt. PCIT-1 Ltd. B Wing, Ashar IT Park, Vs. 6th Floor, Wagle No.202, Delta Building, Hiranandani Gardens, Powai, Industrial Estate, Thane- Mumbai-400076. 400604 स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAGCC0332A (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee by: Shri Sanjay Parikh Revenue by: Shri Ashok Kumar Kardam (DR) सुनवाई की तारीख / Date of Hearing: 21/03/2022 घोषणा की तारीख /…