“Section 57(1)”

Section References (mined)Section 57Section 57(1)12 judgments

GURGAON ONE RESIDENT WELFARE ASSOCIATION,GURGAON vs. ITO-WARD 1(5),GURGAON, GURGAON

In the result appeal of the assessee is allowed

ITA 4145/DEL/2025[2017-18]Status: DisposedITAT Delhi13 Mar 2026AY 2017-18

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumarita No.4145/Del/2025 (Assessment Year 2017-18) Gurgaon One Resident Welfare Income Tax Officer, Association, Ward-1(5), Gurgaon. Sector-22, Mullahera, Vs. Old Delhi Gurgaon Road, Gurgaon-122015, Haryana. Pan-Aaaag5591K (Appellant) (Respondent) Assessee By Shri M.R. Sahu, Ca Shri Manish Gupta, Sr. Dr. Department By Date Of Hearing 09.03.2026 Date Of Pronouncement 13.03.2026 O R D E R Per Vimal Kumar, Jm: The Appeals Filed By The Assessee Are Against Orders Dated 13.06.2025 Of The Learned Commissioner Of Income Tax (Appeals)-Mumbai [Hereinafter Referred To As ‘The Ld. Cit(A)’] Passed U/S 250 Of The Income Tax Act, 1961, [Hereinafter Referred To As ‘The Act’] Arising Out Of Assessment Orders Dated 28.12.2018 & 13.11.2019 Of Ld. Assessing Officer, Ward-1(5), Gurgaon For Assessment Years 2016-17 & 2017-18 Respectively. Gurgaon One Resident Welfare Association Vs. Ito

Section 124(3)(a)Section 142(1)Section 143(2)Section 250Section 57

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’: NEW DELHI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI

GURGAON ONE RESIDENT WELFARE ASSOCIATION ,GURGAON vs. ITO-WARD 1(5)-GURGAON, GURGAON

In the result appeal of the assessee is allowed

ITA 4144/DEL/2025[2016-17]Status: DisposedITAT Delhi13 Mar 2026AY 2016-17

Section 124(3)(a)Section 142(1)Section 143(2)Section 250Section 57

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’: NEW DELHI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI

JASMINA TRUST,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, DELHI

In the result, the appeal of the assessee is allowed

ITA 2117/DEL/2025[2017-18]Status: DisposedITAT Delhi12 Dec 2025AY 2017-18

Bench: Shri Anubhav Sharma & Shri Manish Agarwaljasmina Trust, Dy. Cit, B-60/61, C/O Bajaj Auto Circle-49(1), Limited, Nairaina Vs. New Delhi. Industrial Area, Phase-Ii, New Delhi-110028. Pan-Aaatj0296K (Appellant) (Respondent)

Section 10(34)Section 115BSection 12ASection 143(3)Section 250Section 57Section 57(1)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER AND SHRI MANISH

DEPUTY COMMISSIONER OF INCOME TAX, ALWAR vs. ASHOK SHARMA, REWARI

In the result, the appeal of the revenue stand dismissed

ITA 1227/JPR/2024[2018-19]Status: DisposedITAT Jaipur10 Nov 2025AY 2018-19

For Appellant: Shri Mahendra Gargieya, AdvocateFor Respondent: Mrs. Alka Gautam, CIT-DR

Section 10(37)Section 143(3)Section 145B(1)Section 28Section 56Section 56(2)(viii)Section 57

taxable u/s 56(2)(viii) and after allowing a\ndeduction of sum equal to 50% of interest received, as per the\nprovisions of Section 57(1)(v) remaining amount of Rs.\n94,11,070/- was added to the total income of the assessee.\n4. Background of this case is that

IDEAL ENERGY PROJECTS LIMITED,NAGPUR vs. CENTRAL CIRCLE 5(3), MUMBAI

In the result, the appeal by the assessee is allowed

ITA 3343/MUM/2025[2012-2013]Status: DisposedITAT Mumbai21 Aug 2025AY 2012-2013

Bench: Shri Narendra Kumar Billaiyashri Sandeep Singh Karhailideal Energy Projects Limited., Plot No.1601, 5Th Floor, Gupta Tower, Science College Road, Civil Lines, Nagpur, Mumbai - 440001 ............... Appellant Pan : Aabci8643M V/S Deputy Commissioner Of Income Tax, Central Circle – 5(3), ……………… Respondent Room No.426, 4Th Floor, Kautilya Bhavan, C- Block, Bandra Kurla Complex, Bandra East, Mumbai Assessee By : Shri Hitesh P. Shah (Virtually Appear) Revenue By : Mr. Virabhadra S. Mahajan, Cit-Dr

For Appellant: Shri Hitesh P. Shah (Virtually appear)For Respondent: Mr. Virabhadra S. Mahajan, CIT-DR

Section 142(1)Section 143(2)Section 143(3)Section 147Section 148Section 250Section 271(1)(c)Section 36(1)(iii)Section 57

IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI SANDEEP SINGH KARHAIL

ALNESH AKIL SOMJI,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, PUNE

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

ITA 35/PUN/2025[2019-20]Status: DisposedITAT Pune27 Jun 2025AY 2019-20

Bench: Shri R. K. Panda & Ms Astha Chandra

For Appellant: Shri Nitin RanderFor Respondent: Shri Amol Khairnar CIT-DR

Section 132Section 139(1)Section 143(2)Section 153ASection 24

interpreting the corresponding provision in section 12(2) of the Indian IT Act, 1922, which was ipsissima verba in the same terms as Section 57(1), Bose J speaking on behalf of the Court, observed: “It is not necessary to show that the expenditure was a profitable one or that

ALNESH MOHAMADAKIL SOMJI,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, PUNE

ITA 34/PUN/2025[2018-19]Status: DisposedITAT Pune27 Jun 2025AY 2018-19

Section 132Section 139(1)Section 143(2)Section 14ASection 153ASection 24

interpreting the corresponding\nprovision in section 12(2) of the Indian IT Act, 1922, which was ipsissima verba in\nthe same terms as Section 57(1), Bose J speaking on behalf of the Court, observed:\n“It is not necessary to show that the expenditure was a profitable

DEEPAK MUNILALJI HIRANI,MUMBAI vs. CENTRAL CIRCLE 2, THANE

In the result, the appeal of the assessee is allowed

ITA 2036/PUN/2024[2023-24]Status: DisposedITAT Pune12 Nov 2024AY 2023-24

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2036/Pun/2024 "नधा"रण वष" / Assessment Year : 2023-24

For Appellant: NoneFor Respondent: Shri Arvind Desai

Section 143(1)Section 143(1)(a)Section 154Section 250Section 57(1)

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “B”, PUNE BEFORE DR.MANISH BORAD, ACCOUNTANT MEMBER AND SHRI VINAY BHAMORE, JUDICIAL

IL & FS FINANCIAL SERVICES LIMITED,MUMBAI vs. DCIT-CIRCLE-14(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

ITA 3421/MUM/2023[2012-13]Status: DisposedITAT Mumbai26 Feb 2024AY 2012-13

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI AMARJIT SINGH (Accountant Member)

Section 143(3)Section 14A

IN THE INCOME TAX APPELLATE TRIBUNAL, ‘C ‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI AMARJIT SINGH, ACCOUNTANT MEMBER

SHRI LOKENDRA PANWAR,INDORE vs. THE PCIT (1) , INDORE

In the result, appeal of the assessee is allowed

ITA 185/IND/2023[2018-19]Status: DisposedITAT Indore14 Dec 2023AY 2018-19

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishri Lokendra Panwar Pcit (1) 8 B Chandra Nagar, A.B. Indore Vs. Road, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Achpp2073R Assessee By Shri S.S. Solanki, Ar Revenue By Ms. Simran Bhullar Cit- Dr Date Of Hearing 31.10.2023 Date Of Pronouncement 14.12.2023

Section 142(1)Section 143Section 143(3)Section 263Section 57(1)

आयकर अपील"य अ"धकरण, इंदौर "यायपीठ, इंदौर IN THE INCOME TAX APPELLATE TRIBUNAL INDORE BENCH, INDORE BEFORE SHRI VIJAY

CHIRAG PRAMOD SHAH,MUMBAI vs. ITO WARD 17(1)(3), MUMBAI

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 1191/MUM/2020[2013-14]Status: DisposedITAT Mumbai25 Mar 2022AY 2013-14

Bench: Shri Prashant Maharishi & Shri Pavan Kumar Gadalechirag Pramod Shah Vs. Ito, Ward – 17(1)(3) 101-A, Poonam Room No. 110, 1St Chambers, B Wing Floor,Kautilya Bhavan, Dr. Ab Raod, Worli C-41 To C-43, G Block Mumbai – 400018 Bandra Kurla Complex, Bandra(E) Mumbai-400051

For Appellant: NoneFor Respondent: Shri Rajesh Kumar Yadav.DR

Section 143(1)Section 143(2)Section 143(3)Section 57Section 57(1)

IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER & SHRI PAVAN KUMAR GADALE, JUDICIAL

BRAHAMPAL SINGH,GURGAON vs. ITO WARD 1(3), GURGAON

In the result, the appeal of the assessee is allowed

ITA 3460/DEL/2019[2013-14]Status: DisposedITAT Delhi18 May 2021AY 2013-14

Bench: Shri R.K. Panda[Assessment Year: 2013-14]

Section 145ASection 2Section 234ASection 271(1)(c)Section 28Section 34Section 56Section 56(1)(viii)Section 56(2)(vii)Section 56(2)(viii)

doing so he held that after the amendment of the Income Tax Act by way of insertion of Section 56(2)(viii) and section 57(1)(v) by the Finance Act, 2009 w.e.f. 01.04.2010, the issue whether the interest received on enhanced compensation was taxable as income from other sources