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141 results for “house property”+ Section 263(2)clear

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Key Topics

Section 143(3)159Section 263109Section 14745Section 4044Addition to Income44Deduction38Exemption30Disallowance29Revision u/s 26329

SUNITHA,COIMBATORE vs. PCIT -1, COIM,BATORE

In the result, appeal filed by the assessee is allowed

ITA 2013/CHNY/2024[2018-19]Status: DisposedITAT Chennai10 Dec 2024AY 2018-19

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita No.2013/Chny/2024 (िनधा"रणवष" / Assessment Year: 2018-2019) Sunitha, Vs. The Principal Commissioner Of No.30, Sivaji Colony, Income Tax -1, Thadagam Road, Coimbatore Edayarpalayam, Coimbatore 641 025. [Pan: Bhqps 4789G] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N.V. Balaji, Advocate ""यथ" क" ओर से /Respondent By : Shri R. Clement Ramesh Kumar, Irs, Cit. सुनवाई क" तार"ख/Date Of Hearing : 26.11.2024 घोषणा क" तार"ख /Date Of Pronouncement : 10.12.2024 आदेश / O R D E R Per Manu Kumar Giri ()

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, IRS, CIT
Section 115BSection 143(2)Section 143(3)Section 144BSection 263Section 69

house property being residential accommodation the tenant had not deducted TDS on rent paid by them. If any communication had bought to my notice earlier i would have taken necessary steps to submit at that relevant point of time. 2. Non-disclosure of loan given in the Income Tax Return (ITR) In ITR-3 of AY 2018-19 the disclosure

Showing 1–20 of 141 · Page 1 of 8

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Section 19528
Section 528
Section 14828

N RAMASWAMY,CHENNAI vs. ITO, NON CORP WARD 2(3), CHENNAI

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

ITA 925/CHNY/2019[2014-15]Status: DisposedITAT Chennai06 Dec 2019AY 2014-15

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./Ita No.925/Chny/2019 "नधा"रण वष" / Assessment Year : 2014-15

For Appellant: Shri M. Narayanan, Retd. Addl.CITFor Respondent: Shri S. Bharath, CIT
Section 2(47)(vi)Section 263Section 269USection 45Section 54F

house by means of perpetual lease exceeding twelve years, it has to be construed as acquisition of property / purchase of property within the meaning of Section 54F of the Act. Therefore, the assessee is entitled for exemption under Section 54F of the Act. Hence, this Tribunal is unable to uphold the order of the Principal Commissioner passed under Section 263

DYNACON EQUIPMENTS PVT. LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 1(4), CHENNAI

In the result, the appeal filed by assessee in ITA

ITA 2172/CHNY/2018[2006-07]Status: DisposedITAT Chennai21 Nov 2019AY 2006-07

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

For Appellant: Mr.Srinivasa Rao Vana, JCITFor Respondent: 21.11.2019
Section 143(3)Section 147Section 148

2,05,000/- to M/s.Stanadyne Amalgamations (P) Ltd. for a period of six years from 01.02.2004 to 31.01.2010 . The monthly rental shall increase by 25% effective from 01.02.2007 . A copy of lease deed dated 01.02.2004 is filed by assessee with tribunal which is placed on record in file. A perusal of the said lease deed clearly shows that predominant objective

DYNACON EQUIPMENTS PVT LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 1(4), CHENNAI

In the result, the appeal filed by assessee in ITA

ITA 2263/CHNY/2018[2009-10]Status: DisposedITAT Chennai21 Nov 2019AY 2009-10

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

For Appellant: Mr.Srinivasa Rao Vana, JCITFor Respondent: 21.11.2019
Section 143(3)Section 147Section 148

2,05,000/- to M/s.Stanadyne Amalgamations (P) Ltd. for a period of six years from 01.02.2004 to 31.01.2010 . The monthly rental shall increase by 25% effective from 01.02.2007 . A copy of lease deed dated 01.02.2004 is filed by assessee with tribunal which is placed on record in file. A perusal of the said lease deed clearly shows that predominant objective

M/S SHRIRAM PROPERTIES LIMITED,CHENNAI vs. PCIT-CENTRAL1, CHENNAI

In the result, appeal filed by the assessee is allowed

ITA 431/CHNY/2022[2017-18]Status: DisposedITAT Chennai20 Mar 2023AY 2017-18

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 431/Chny/2022 िनधा"रण वष" / Assessment Year: 2017-18

For Appellant: Shri. Ananthan, CA & Ms. Lalitha. RFor Respondent: Shri. S. Senthil Kumaran, CIT
Section 143(3)Section 263Section 56(2)(vii)

section 263 of the Income Tax Act, 1961. 1.2. The learned Pr. CIT failed to appreciate the fact that the order of the AO is not erroneous and is not prejudicial to the interest of the Revenue. Your appellants therefore submit that the order of the Pr. CIT be quashed. 1.3. The learned Pr. CIT failed to appreciate the fact

SMT. LINGAMMAL RAMARAJU SHASTRA PRATHISHTA TRUST,RAJAPALAYAM vs. ACIT (EXEMPTIONS), COIMBATORE

In the result, the appeal stands allowed

ITA 1250/CHNY/2024[2018-19]Status: DisposedITAT Chennai18 Nov 2024AY 2018-19
Section 11Section 12ASection 142(1)Section 143(3)Section 263Section 264

property held under trust\" includes a business undertaking\nso held. Therefore, profits derived from a business undertaking held under\ntrust also qualify for the exemption, subject to fulfilment of other\nconditions. Section 11(4A) thereafter stipulates two conditions for the\nclaim of exemption of business income u/s 11(1); one being that the\nbusiness is incidental to the attainment

WINVEST HOLDINGS (I) PVT. LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 3(2), CHENNAI

In the result, the appeal filed by the assessee stands

ITA 1519/CHNY/2019[2014-15]Status: DisposedITAT Chennai23 Aug 2019AY 2014-15

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy] आयकर अपील सं./I.T.A. No.1519/Chny/2019. "नधा"रण वष" /Assessment Year : 2014-2015. M/S. Winvest Holdings (I) Pvt. Ltd, Vs The Assistant Commissioner Of D-16, 2Nd Floor, Nelson Chambers, Income Tax, No.115 Nelson Manickam Road, Corporate Circle 3(2), Aminjikarai, Chennai. Chennai 600 029. [Pan Aaacw 7724Q] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Dr. P. Daniel, Advocate
Section 142(1)Section 143(3)Section 263

property was utilized for residential purpose. On being satisfied, the Assessing Officer has extended the benefit of deduction under section 54F of the Act. The Assessing Officer is not expected to write a judgment and his order should reveal application of mind, which in our opinion is writ large on the face of the order. Therefore, we do not approve

M/S. CHENNAI BUSINESS TOWER PVT. LTD.,KANCHIPURAM vs. PCIT-4, CHENNAI

In the result, the appeal of the assessee is allowed

ITA 1570/CHNY/2025[2010-11]Status: DisposedITAT Chennai12 Sept 2025AY 2010-11

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita Nos.: 1570/Chny/2025, धनिाारण वर्ा / Assessment Years: 2010-11 M/S. Chennai Business Tower Pcit-4, Private Limited (Formerly Known Vs Chennai. As Rmz Infinity (Chennai) Pvt. . Ltd), 110, Mount Poonamallee Road, Porur, Porur S.O. Kanchipuram – 600 116. [Pan:Aaacd-2287-R] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. B. Ramakrishnan, Fca. प्रत्यथी की ओर से/Respondent By : Shri. R. Raghupathy, Addl. Cit. सुनवाई की तारीख/Date Of Hearing : 06.08.2025 घोर्णा की तारीख/Date Of Pronouncement : 12.09.2025 आदेश /O R D E R Per S. R. Raghunatha, Am:

For Appellant: Shri. B. Ramakrishnan, FCAFor Respondent: Shri. R. Raghupathy, Addl. CIT
Section 143(1)Section 154Section 24Section 263

house property’ instead of ‘income from business’. 9. We note that the issue in dispute is no more res integra, since the similar issue under the identical set of facts and circumstances in assessee’s own case for the A.Y. 2009-10 has already been decided in favour of the assessee in No.511/Chny/2024 dated 11.06.2025 by holding as under

SMT, RAMU ANNAMALAI UMAIYAL RADHAI,CHENNAI vs. PCIT, CHENNAI

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

ITA 922/CHNY/2020[2015-16]Status: DisposedITAT Chennai12 Oct 2022AY 2015-16

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No. 922/Chny/2020 िनधा"रण वष"/Assessment Year:2015-16 Smt. Ramu Annamalai Umaiyal Radhai, The Principal Commissioner Of Flat No. Iii, 3Rd Floor, Poojapura Vs. Income Tax- Chennai I, Apartments, St. Mary’S Road, Chennai. Alwarpet, Chennai 600 028. [Pan:Aakpu6790M] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri V.P. Kuriachan, F.C.A. ""थ" की ओर से/Respondent By : Shri M. Rajan, Cit सुनवाई की तारीख/ Date Of Hearing : 26.09.2022 घोषणा की तारीख /Date Of Pronouncement : 12.10.2022 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Principal Commissioner Of Income Tax, Chennai - I, Chennai, Dated 20.05.2020 Relevant To The Assessment Year 2015-16 Passed Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short].

For Appellant: Shri V.P. Kuriachan, F.C.AFor Respondent: Shri M. Rajan, CIT
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 263

2) of the Act dated 05.07.2017 was issued and served on the assessee followed by notice under section 142(1) r.w.s. 129 of the Act dated 24.08.2017. In response to the above notices, the AR of the assessee appeared and furnished all the details and the Assessing Officer, after examining the details furnished by the assessee, the assessment under section

SEVUGAN PETHAPERUMAL,MADURAI vs. PCIT, MADURAI-1,, MADURAI

In the result, the appeal of the assessee is allowed

ITA 1196/CHNY/2025[2020-21]Status: DisposedITAT Chennai25 Aug 2025AY 2020-21

Bench: Shri George George K & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1196/Chny/2025 Assessment Years: 2020-21 Sevugan Pethaperumal, Principal Commissioner Of Income No.41, First Main Street, Tax, Narayanapuram West, Madurai-1, Madurai, Madurai. Tamil Nadu-625 014. [Pan: Afjpp5984J] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Shri G.Tarun, Advocate प्रत्यर्थी की ओर से /Revenue By : Shri Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing : 06.08.2025 घोषणा की तारीख /Date Of Pronouncement : 25.08.2025 आदेश / O R D E R Per Amitabh Shukla, A.M :

For Appellant: Shri G.Tarun, AdvocateFor Respondent: Shri Bipin C.N, CIT
Section 143(3)Section 263

2 - of 13 3.0 The Ld.PCIT invoked revisionary proceedings by issuing a show cause notice u/s 263. It was observed, inter-alia, in para 8.8 of his order, that the rental income disclosed by the assessee ought to have been taxed as income house property and was wrongly offered as income from other sources. While doing so, reliance was placed

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. ACIT, CHENNAI

ITA 1621/CHNY/2011[2007-08]Status: DisposedITAT Chennai26 Aug 2022AY 2007-08

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

M/S CHOLAMANDALAM MS GENERAL INSUSRANCE COMPANY LIMITED,CHENNAI vs. DCIT, PARGE TAX PAYER UNIT 2

ITA 782/CHNY/2018[2013-14]Status: DisposedITAT Chennai26 Aug 2022AY 2013-14

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

ACIT LTU 2 , CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED, CHENNAI

ITA 949/CHNY/2018[2010-11]Status: DisposedITAT Chennai26 Aug 2022AY 2010-11

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

M/S CHOLAMANDALAM MS GENERAL INSUSRANCE COMPANY LIMITED,CHENNAI vs. DCIT, PARGE TAX PAYER UNIT 2

ITA 783/CHNY/2018[2010-11]Status: DisposedITAT Chennai26 Aug 2022AY 2010-11

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

M/S. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. ACIT, CHENNAI

ITA 2146/CHNY/2008[2005-06]Status: DisposedITAT Chennai26 Aug 2022AY 2005-06

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED,CHENNAI vs. DCIT, CHENNAI

ITA 2276/CHNY/2014[2009-10]Status: DisposedITAT Chennai26 Aug 2022AY 2009-10

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

ACIT, CHENNAI vs. M/S. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED, CHENNAI

ITA 40/CHNY/2009[2005-06]Status: DisposedITAT Chennai26 Aug 2022AY 2005-06

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

DCIT, CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD., CHENNAI

ITA 1366/CHNY/2013[2008-2009]Status: DisposedITAT Chennai26 Aug 2022AY 2008-2009

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. DCIT, CHENNAI

ITA 1350/CHNY/2013[2008-09]Status: DisposedITAT Chennai26 Aug 2022AY 2008-09

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue

M/S CHOLAMANDALAM MS GENERAL INSUSRANCE COMPANY LIMITED,CHENNAI vs. DCIT, PARGE TAX PAYER UNIT 2

ITA 784/CHNY/2018[2010-11]Status: DisposedITAT Chennai26 Aug 2022AY 2010-11

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

For Appellant: Mr. Percy J. PardiwallaFor Respondent: Mr. M.Swaminathan, Sr.Standing
Section 195Section 3Section 40Section 5

House, NSC Bose Road, Chennai-600 001. PAN: AABCC 6633K -do- 11 1759/Chny/2011 2006-07 -do- -do- -do- 12 1676/Chny/2011 2007-08 -do- -do- 13 1366/Chny/2013 2008-09 -do- -do- 14 - 949 to 951 2010-11 2010-11 16 /Chny/2018 2013-14 अपीलाथ"क"ओरसे/Assessee by : Mr. Percy J. Pardiwalla, Sr.Advocate & Mr. Sandeep Bagmar, Advocate ""यथ"क"ओरसे/Revenue