ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF (AS A SUCCESSOR TO ISHARE CORE TAOTAL INTERNATIONAL STOCK MAURITIUS COMPANY ),MUMBAI vs. DY CIT (INT. TAX)-2(2)(1), MUMBAI

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

Bench: Shri Vikram Singh Yadavshri Sandeep Singh Karhailishares Core Msci Emerging Markets Etf (As A Successor To Ishares Core Emerging Markets Mauritius Company) C/O Ernst & Young Llp, 17Th Floor, The Ruby, 29, Senapati Bapat Marg, ............... Appellant Dadar (West), Mumbai - 400028 Pan : Aafci3337N V/S Deputy Commissioner Of Income Tax (International Tax) - 2(2)(2) Room No.606, 6Th Floor, Kautilya Bhavan, ……………… Respondent C-41 To C-43, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Ishares Msci All Country Asia Ex Japan Etf C/O Ernst & Young Llp, 17Th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West), Mumbai - 400028 Pan : Aabti7439L ............... Appellant

gains as Rs. 4,98,08,85,87,630 in the computation sheet as against Rs. 2,37,78,64, 12,411 determined in the impugned order; 13. erred in not allowing set-off of brought forward short-term and long-term capital loss amounting to Rs. 3,19,12,67,554 and Rs. 26,50,63,39,311 ITAs

ACIT 421 MUMBAI, MUMBAI CITY vs. SAMIR NARAIN BHOJWANI, MUMBAI

Appeal of the assessee is allowed for statistical purposes and the\nappeal of the revenue is dismissed

Gains of Business or Profession.\"\n6\nITA Nos.261 & 1022/Mum/2025\nSamir Narain Bhojwani\n6. The AO during the course of assessment called on the assessee to furnish the\ndetails pertaining to the amount of Rs.12,40,00,703/- debited to the P&L A/c as\npayment as per consent terms. Based on the details furnished by the assessee, the\nAO held

SAMIR NARAIN BHOJWANI ,MUMBAI vs. DCIT 4(2)(1), MUMBAI

Appeal of the assessee is allowed for statistical purposes and the appeal of the revenue is dismissed

Bench: Shri Anikesh Banerjee, Jm & Ms Padmavathy S, Am

capital in nature after completion of project when revenue had already been recognized from the project?” 2. The assessee before us also filed additional ground which reads as under: “Additional Ground No. III: Allowability of maintenance expenses of Rs. 92.32.199/- On the facts and in the circumstances of the case and in law, the maintenance expenditure

ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF(AS A SUCCESSOR TO ISHARES MSCI ALL COUNTRY ASIA EX JAPAN MAURITIUS CO),MUMBAI vs. DCIT (INT)-2(2)(2), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES MSCI INDIA UCITS ETF ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION )-2(2)(2), MUMBAI

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n\n019. Thus

ISHARES MSCI EMERGING MARKETS ETF (AS A SUCCESSOR TO ISHARES EMERGING MARKETS INDEX MAURITIUS CO ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-2(2)(2), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES CORE MSCI EMERGING MARKETS ETF (AS A SUCESSOR TO ISHARES CORE EMERGING MARKETS MAURITIUS COMPANY),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) 2(2)(2), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES INDIA 50 ETF (AS A SUCCESSOR TO ISHARES INDIA MAURITIUS CO ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-2(2)(2), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES CORE MSCI EM IMI UCITS ETF,MUMBAI vs. DCIT (INT)-2(2)(2), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES MSCI INDIA ETF(AS A SUCESSOR TO ISHARES INDIA INDEX MARUITIUS COMPANY),MUMBAI vs. DCIT (INT)-2(2)(2), MUMBAI

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES MSCI EM UCITS ETF USD DIST ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-2(2)(2), MUMBAI

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n\n019. Thus

SCHWAB EMERGING MARKETS EQUITY ETF ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION -4(2)(1), MUMBAI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF (AS A SUCCESSOR TO ISHARES CORE TOTAL INTERNATIONAL STOCK MAURITIUS CO ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-2(2)(2), MUMBAI

long-\nterm capital gains computed in similar manner as provided under section 48\nto section 55 of the act. It is clear that section 48 to section 55 does not\nprovide for rate of tax on capital gain. It specifically lays down the computation\nmechanism of capital gain and certainly not tax on such capital gains\n019. Thus

VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF vs. PLC ,MUMBAIVS.ASSISTANT COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION -4(3)(1), MUMBAI

Bench: Ms Padmavathy S, Am & Shri Rahul Chaudhary, Jm

Long term capital gain at 10% rate (as per computation) 1,49,431/- I have perused the assessment order and have considered submissions of the A/R. In the impugned order the A.O. has not given any reasons for first sitting off short term capital gain with STT against short term capital STT and then allow ofset off of remaining loss

VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VIEF,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-4(3)(1), MUMBAI

Bench: Ms Padmavathy S, Am & Shri Rahul Chaudhary, Jm

Long term capital gain at 10% rate (as per computation) 1,49,431/- I have perused the assessment order and have considered submissions of the A/R. In the impugned order the A.O. has not given any reasons for first sitting off short term capital gain with STT against short term capital STT and then allow ofset off of remaining loss

UDAYAN GROVER,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE(NFAC), DELHI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleudayan Grover V. National Faceless Appeal Centre Panch Mahal Delhi Panch Sristhi Complex {Acit – 26(3), Bkc, Mumbai} Powai, Mumbai - 400072 Pan: Aclpg0572G (Appellant) (Respondent) Assessee Represented By : Shri Vimal Punmiya Department Represented By : Ms. Kavitha Kaushik

long term capital gains earned by assessee is in nature of an accommodation entry and pre-arranged affair and as both the assessing officer had held that transaction in question are not genuine. The assessee submits that the issues involved in these appeals have already been decided in favour of the assessee by the plethora of decisions passed

VINAY PARMANAND HARIANI,MUMBAI vs. ITO (IT), WARD-2(2)(1), MUMBAI

In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2015-16 Vinay Parmanand Hariani, Ito, Int. Taxation Ward 2(2)(1), Kempinski Private Residences Room No. 1725, 17Th Floor, Air Vs. Unit 40F Dki Jakarta, 10310 India Building, Nariman Point, Indonesia. Mumbai-400021. Pan No. Aabph 4179 A Appellant Respondent

Long-Term Capital Term Capital Gain without providing the information collected directly by the AO to Gain without providing the information collected directly by the AO to Gain without providing the information collected directly by the AO to the assessee, when it is specifically requested by the assessee and the assessee, when it is specifically requested by the assessee

SH KELKAR & CO. LTD.,MUMBAI vs. PR. CIT-4, MUMBAI

In the result, the appeal of the assessee stands allowed

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale () Assessment Year: 2015-16 Sh Kelkar & Company Principal Commissioner Of Limited, Income-Tax-4, Devkaran Mansion, 36, Vs. Room No. 629, 6Th Floor, Mangaldas Road, Aayakar Bhavan, Mumbai-400 002. Mumbai-400020. Pan No. Aaacs 9778 G Appellant Respondent Assessee By : Shri J.D. Mistry, Sr. Advocate & Shri Harsh Kothari Revenue By : Dr. Kishor Dhule, Cit-Dr : Date Of Hearing 13/02/2023 Date Of Pronouncement : 20/02/2023

Long term capital gains on sale of land situated at Mulund West full value of consideration Less: Indexed Cost of Acquisition Less: Indexed Cost of Acquisition 3,43,89,688 3358368 X 1024/100 Sub-total 50,05,10,312 Less: Cost of Improvement (undertaken during the year) Less: Cost of Improvement (undertaken during the year