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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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

TDS from salaries for FY 2013-14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) 14 (Circular No. 8/2013 dated 10 October 2013) State Bank of India HRMS 8 State Bank of India HRMS ITA No. 3111/M/2022 & 12Other appeals ITA No. 3111/M/202 only requires that the employer to be only requires that

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)

14. Exemption for certain income of a venture capital company or venture capital fund 14.1 Clause (23FB) of section 10 provides exemption in respect of any income of a venture capital company or venture capital fund set up to raise funds for investment in a venture capital undertaking. Such "venture capital undertaking" has been defined in clause (c) of Explanation

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)

14. Exemption for certain income of a venture capital company or venture capital fund 14.1 Clause (23FB) of section 10 provides exemption in respect of any income of a venture capital company or venture capital fund set up to raise funds for investment in a venture capital undertaking. Such "venture capital undertaking" has been defined in clause (c) of Explanation

ACIT, PIRAMAL CHAMBERS vs. MILESTONE REAL ESTATE FUND, MUMBAI

14. Exemption for certain income of a venture capital company\nor venture capital fund\n14.1 Clause (23FB) of section 10 provides exemption in respect\nof any income of a venture capital company or venture\ncapital fund set up to raise funds for investment in a\nventure capital undertaking. Such \"venture capital\nundertaking\" has been defined in clause (c) of Explanation

SUBHASH E. DHARGAVE, MUMBAI vs. MILESTONE REAL ESTATE FUNDS, MUMBAI

In the result, the appeal of the Revenue is dismissed

14. Exemption for certain income of a venture capital company or venture\ncapital fund\n14.1 Clause (23FB) of section 10 provides exemption in respect of any\nincome of a venture capital company or venture capital fund set up to raise\nfunds for investment in a venture capital undertaking. Such \"venture capital\nundertaking\" has been defined in clause (c) of Explanation

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-

14, assessee’s claim of exemption under section 10(23FB) of the Act is allowable”. Assessment Years: 2013-14 & 2014-15 7. Since, the Tribunal has decided the identical issue in favour of the assessee in assessee’s appeal for the AY 2013-14 discussed above, we do not find any merit in the appeal of the revenue. Hence, respectfully

OBEROI FOUNDATION,MUMBAI vs. CIT (E), MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleoberoi Foundation V. Cit (Exemptions) Commerz, 3Rd Floor 6Th Floor, Piramal Chambers International Business Park Lalbaug, Mumbai – 400 012 Oberoi Garden City, Off. W.E. Highway Goregaon (E), Mumbai - 400063 Pan: Aaato1684L (Appellant) (Respondent) Assessee Represented By : Shri Vijay Mehta Department Represented By : Shri K.C. Salvamani

TDS compliance. The real issue raised by the assessee in this appeal is whether the provisions of section 11 is applicable and in the subsequent proceedings, the Assessing Officer has verified the allowability of the rent and he has not properly verified the same. In our view, the venturing in the subsequent proceedings are beyond the scope of the grounds

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

14. For example, where there is a single itinerary for India and overseas travel is also involved, say, Mumbai-Kolkata-Singapore-Mumbai, and where the designated place in India is Kolkata, the economy class fare by national carrier for journey within India (i.e. Mumbai-Kolkata and Kolkata-Mumbai) is considered as exempt, for the purpose of section 10

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