DCIT CEN 5 3, MUMBAI, MUMBAI vs. ICICI LOMBARD GENERAL INSURANCE CO. LIMITED, MUMBAI

In the result, appeals of the Revenue are allowed partly

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

Section 44 of the Incom Under the existing provisions of Section 44 of the Incom Under the existing provisions of Section 44 of the Income Tax Act, the profits and gains of any insurance business is Act, the profits and gains of any insurance business is Act, the profits and gains of any insurance business is computed in accordance with

DCIT CEN 5 3, MUMBAI vs. ICICI LOMBARD GENERAL INSURANCE CO. LIMITED, MUMBAI

In the result, appeals of the Revenue are allowed partly

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

Section 44 of the Incom Under the existing provisions of Section 44 of the Incom Under the existing provisions of Section 44 of the Income Tax Act, the profits and gains of any insurance business is Act, the profits and gains of any insurance business is Act, the profits and gains of any insurance business is computed in accordance with

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

DCIT CENTRAL CIRCLE 3 (1), MUMBAI vs. WIND WORLD INDIA LIMITED, MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

DCIT - CC 3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

DCIT - CC 3 (1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 against the assessee or its directors/employees. It was also submitted that the unaccounted expenses on account of speed money were found to be of only Rs 24,52,53,274/- for the years relevant to AYS 2007-08 to 2013-14 whereas the alleged bogus purchases and bogus expenditure determined

M/S ASHTECH (INDIA) PRIVATE LIMITED,MUMBAI CITY vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 115JB of the Act is lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable to pay tax computed as per normal to pay tax computed as per normal provisions of the Act,” provisions

M/S ASHTECH (INDIA) PRIVATE LIMITED ,MUMBAI vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 115JB of the Act is lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable to pay tax computed as per normal to pay tax computed as per normal provisions of the Act,” provisions

M/S ASHTECH (INDIA) PRIVATE LIMITED,MUMBAI CITY vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 115JB of the Act is lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable to pay tax computed as per normal to pay tax computed as per normal provisions of the Act,” provisions

M/S ASHTECH (INDIA) PRIVATE LIMITED,MUMBAI CITY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 115JB of the Act is lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable to pay tax computed as per normal to pay tax computed as per normal provisions of the Act,” provisions

M/S ASHTECH (INDIA) PRIVATE LIMITED,MUMBAI CITY vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4) , MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

section 115JB of the Act is lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable lesser than the tax under normal provisions, the assessee is liable to pay tax computed as per normal to pay tax computed as per normal provisions of the Act,” provisions