ACIT 23-1, MUMBAI vs. MILESTONE REAL ESTATE FUND, MUMBAI

Accordingly, Ground No. 6 raised by the Revenue is dismissed

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

10(23FB) and section 115U to provide that: (i) The venture Capital undertaking shall have same meaning as provided in relevant SEBI regulations and there would be no sectoral restriction. (ii) Income accruing to VCF/VCC shall be taxable in the hands of investor on accrual basis with no deferral. (iii) The exemption from applicability of TDS

ACIT-231, MUMBAI vs. MILESTONE REAL ESTATE FUND, MUMBAI

Accordingly, Ground No. 6 raised by the Revenue is dismissed

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

10(23FB) and section 115U to provide that: (i) The venture Capital undertaking shall have same meaning as provided in relevant SEBI regulations and there would be no sectoral restriction. (ii) Income accruing to VCF/VCC shall be taxable in the hands of investor on accrual basis with no deferral. (iii) The exemption from applicability of TDS

STATE BANK OF INDIA HRMS DEPARTMENT,MUMBAI vs. ASSTT. COMMISSIONER OF INCOME TAX (TDS)RANGE-2(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA,MUM vs. ACIT-TDS-2(2), MUM

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA,MUM vs. ACIT-TDS-2(2),, MUM

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA-ISB BRANCH,MUMBAI vs. DCIT-TDS-2(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA HRMS DEPARTMENT ,MUMBAI vs. ASSTT. COMMISSIONER OF INCOME TAX (TDS)RANGE-2(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA-RBO II THANE WESTERN BRANCH,MUMBAI vs. ACIT-TDS-2(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA- NRI BRANCH,MUMBAI vs. ACIT-TDS-2(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA,MUM vs. ACIT-TDS-2(2), MUM

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA,MUMBAI vs. ACIT-TDS-2(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

STATE BANK OF INDIA,MUM vs. ACIT-TDS-2(2), MUM

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Ita Nos. 3111& 3112/Mum/2022 Assessment Years: 2012-13& 2013-14 State Bank Of India Hrms Acit (Tds) Rg-2(2), Department, Peddar Road, Vs. 4Th Floor, Cidco Tower No. 7, Mumbai-400014. Belapur Railway Station Complex-400614. Tan No. Mums 63193 E Appellant Respondent Assessee By : Mr. Anand Desai & Mr. Sachin Lopes, Ar Revenue By : Mr. Paresh Deshpande, Dr

III, Nariman Point, Charni Road, Charni Road, Mumbai-400021. Mumbai-400 002 400 002. TAN No. MUMS 35481 F MUMS 35481 F Appellant Respondent Respondent ITA Nos. 2764, 3085/MUM/2022 ITA No Assessment Year: Assessment Year: 2012-13, 2013-14 14 State Bank of India – – CPPC ACIT-TDS-2(2), 2(2), Belapur Branch, Smt. K.G. Mittal Smt. K.G. Mittal

PAHILAJRAI JAIKISHAN,MUMBAI vs. DCIT 19(3), MUMBAI

In the result, the appeal is allowed

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.1562/Mum/2014 ("नधा"रण वष" / Assessment Year: 2010-11)

10(4)( b) and 16(1)(b), designates employee's salary as profit, where the servant is none other than a partner, i.e., co-owner of the business. If such be the rationale of the relevant provisions, the key to the solution of the problem is within easy reach.” While the scheme of taxation of partnership firm has undergone

ASST CIT 19(3), MUMBAI vs. PAHILAJRAI JAIKISHIN, MUMBAI

In the result, the appeal is allowed

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.1562/Mum/2014 ("नधा"रण वष" / Assessment Year: 2010-11)

10(4)( b) and 16(1)(b), designates employee's salary as profit, where the servant is none other than a partner, i.e., co-owner of the business. If such be the rationale of the relevant provisions, the key to the solution of the problem is within easy reach.” While the scheme of taxation of partnership firm has undergone

STATE BANK OF INDIA - CUFFE PARADE BRANCH,MUMBAI vs. ACIT-TDS-3(2),, MUMBAI

In the result, the appeal is allowed in the terms indicated above

TDS Ward (3)(2), Mumbai ……………………Respondent Appearances by None for the appellant TS Khalsa for the respondent Date of concluding the hearing : January 19, 2021 Date of pronouncement of the order : January 27, 2021 O R D E R Per Pramod Kumar, VP: This appeal calls into question the correctness of the order dated 11th December 2018 1. passed

ASSISTANT COMMISSIONER OF INCOME TAX 25(3), MUMBAI vs. MILESTONE REAL ESTATE FUND, MUMBAI

In the result, appeals filed by the revenue for assessment years 2013-

10(23FB) of the Act. The assessee further contended that as per the provisions of section 115U of the Act. The assessee furnished the details of income accrued or distributed to each of the contributors and provided the details as per Form 64 to each contributor and complied with the requirements, the assessee is eligible for the TDS credit

DCIT CEN CIR 15 & 16, MUMBAI vs. VIJAY GRIHNIRMAN P.LTD, MUMBAI

In the result, Revenue’s appeal for A

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 80IB(10) of the Act holding as under: - “7.1 The appellant had claimed deduction under s. 80IB(10) of Rs.5,47,28,624/-. 7.2 For the captioned year, the appellant had claimed deduction under s. 80IB(10) as under: Project Date of Date of Size of plot Deduction u/s commencement Completion (Approx.) 80IB V Nagari Annex

DCIT CEN CIR 15 & 16, MUMBAI vs. VIJAY GRIHNIRMAN P. LTD, MUMBAI

In the result, Revenue’s appeal for A

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 80IB(10) of the Act holding as under: - “7.1 The appellant had claimed deduction under s. 80IB(10) of Rs.5,47,28,624/-. 7.2 For the captioned year, the appellant had claimed deduction under s. 80IB(10) as under: Project Date of Date of Size of plot Deduction u/s commencement Completion (Approx.) 80IB V Nagari Annex