Salzgitter Hydraulics (P.) Ltd. v. ITO, Ward 3(1), Hyderabad

THE MALAD SAHAKARI BANK LTD,MUMBAI vs. NFAC, DELHI

In the result, the present appeal is allowed for statistical purposes

…IN THE INCOME TAX APPELLATE TRIBUNAL "E" BENCH, MUMBAI SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER The Malad Sahakari Bank Limited, 6, Sujata Niketan, Rani Sati Marg, Malad (East), Mumbai - 400097 [PAN: AAAAT0320R] ……………… Appellant Vs National Faceless Appeal Centre, …………….… Respondent Delhi Appearances For the Appellant/Assessee : Shri Ms. Tejasvi Patil For the Respondent/Department : Shri B.K. Bagchi Date of conclusion of hearing : 12.05.2022 Date of pronouncement of order : 04.08.2022 O R D E R Per Rahul Chaudhary, Judicial Member: 1. By way of the present appeal the Ap…

THE ESTATE INVESTMENT COMPANY PVT. LTD,MUMBAI vs. ACIT 2(1) (2) , MUMBAI

In the result, the present appeal is allowed

Bench: The Due Date Of Filing Income Tax Return Prescribed Under Section 139(1) Of The Act.

…IN THE INCOME TAX APPELLATE TRIBUNAL "E" BENCH, MUMBAI SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER The Estate Investment Company Pvt. Ltd., 4th Floor, 139, Seksaria Chambers, Nagindas Master Road, Fort, Mumbai - 400001 [PAN: AAACE2566J] ……………… Appellant Vs ACIT 2(1)(2), Mumbai, Aaykar Bhavan, M G Road, Mumbai - 400020 …………….… Respondent Appearances For the Appellant/Assessee : Shri Pankaj K. Jain For the Respondent/Department : Shri B.K. Bagchi Date of conclusion of hearing : 11.05.2022 Date of pronouncement of order : 28.07.2022 O R D E R Per Rahul Chaudhary, Judicial Mem…

SAMOSARAN YARNS PVT. LTD,MUMBAI vs. DCIT , CPC , , BANGALORE

In the result, the present appeal is allowed

Bench: The Due Date Of Filing Income Tax Return Prescribed Under Section 139(1) Of The Act.

…Further, even after the introduction of amendments to Section 36(1)(va)/43B of the Act by way of Finance Act, 2021, Hyderabad Bench of the Tribunal had, vide order dated 15.06.2021, in the case of Salzgitter Hydraulics (P.) Ltd. vs ITO, Ward 3(1), Hyderabad: 189 ITD 676 (Hyderabad - Trib.) held that the aforesaid amendments are applicable from Assessment Year 2021-2022. Further, the ITA. No. 2111/Mum/2021 Assessment Year: 2018-19 adjustments/additions in respect of employees contribution to ESIC and PF fell outside the scope of Section 143(1)(a)(iv) of the Act. Section 143(1)(a)(iv) provides for adjustment in th…

GREENGLOBE FUELSOLUTIONS ,MUMBAI vs. ITO WD 26(1) (1), MUMBAI

In the result, appeal is allowed

Bench: The Due Date Of Filing Of Return Of Income And, Hence, Allowable As Deduction U/S 36(1)(Va) R.W.S. 43B.

…Further, even after the introduction of amendments to Section 36(1)(va)/43B of the Act by way of Finance Act, 2021, Hyderabad Bench of the Tribunal had, vide order dated 15.06.2021, in the case of Salzgitter Hydraulics (P.) Ltd. vs ITO, Ward 3(1), Hyderabad : 189 ITD 676 (Hyderabad - Trib.) held that the aforesaid amendments are applicable from Assessment Year 2021- 2022. Accordingly, the adjustments/additions made by the Deputy Commissioner of Income Tax, CPC in respect of employees contribution to ESIC and PF fell outside the scope of Section 143(1) of the Act. Identical view has been taken by the Tribunal view…

FORTIVE INDIA PVT. LTD,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE, DELHI

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

…Further, even after the introduction of amendments to Section 36(1)(va)/43B of the Act by way of Finance Act, 2021, Hyderabad Bench of the Tribunal had, vide order dated 15.06.2021, in the case of Salzgitter Hydraulics (P.) Ltd. vs ITO, Ward 3(1), Hyderabad : 189 ITD 676 (Hyderabad - Trib.) held that the aforesaid amendments are applicable from Assessment Year 2021-2022. Accordingly, the adjustments/additions made by the Deputy Commissioner of Income Tax, CPC in respect of employees contribution to ESI and PF fell outside the scope of Section 143(1) of the Act. Identical view has been taken by the Tribunal view h…