THE ASSISSTANT COMMISSIONER OF INCOME TAX-15(1)(1), MUMBAI vs. GAURI TANDON, MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Rahul Chaudhary, Hon'Bleacit – 15(1)(1) V. Gauri Tandon Aayakar Bhavan, M.K. Road Tandon Beach House Mumbai - 400020 Plot No. 35(Pt), Aajad Road Juhu Koliwada, Santacruz (W) Mumbai - 400049 Pan: Aaapb4013C (Appellant) (Respondent) Assessee Represented By : Shri Vijay Mehta Department Represented By : Shri Smiti Samant

54G, 54GA, Large Value Transactions, Large Value of Commodity Exchange transactions, Large long term capital gains and High ratio of refund to TDS. Accordingly, notices 143(2) and 142(1) of Income- tax Act, 1961 (in short “Act”) were issued and served on the assessee. In response, authorised representative of the assessee attended and filed relevant information as called

HUNTSMAN INVESTMENTS (NETHERLANDS),MUMBAI vs. THE DY COMMISSIONER OF INCOME TAX INTERNATIONAL TAX CIRCLE-2(2)(2), MUMBAI, MUMBAI

In the result, appeal of the assessee is allowed

gains arising from the transfer of a capital asset effected in the previous\nyear shall, save as otherwise provided in sections 41[***] 42[54, 54B, 43[***] 44[45[54D,\n46[54E, 47[54EA, 54EB,] 54F 48[, 54G

DCIT, CIRCLE-1 ,, THANE vs. EVEREST INDUSTRIES LTD., MUMBAI

In the result, the appeal of the Revenue is dismissed whereas

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale () Assessment Year: 2006-07 Everest Industries Ltd., Dcit, Circle-1, D-206, Sector-63, Noida- Ashar I.T. Park, 6Th Floor, B- Vs. 201301, Uttar Pradesh, India. Wing 16-Z, Wagle Industrial Estate, Thane (W)-400 604. Pan No. Aaace 7550 N Appellant Respondent Assessment Year: 2006-07 Dcit, Circle-1, Everest Industries Ltd., Ashar I.T. Park, 6Th Floor, B- G-1, A-32, Genesis Mohan Vs. Wing 16-Z, Wagle Industrial Coop. Industries, Mathura Estate, Thane (W)-400 604. Road, New Delhi-110044. Pan No. Aaace 7550 N Appellant Respondent

54G of the Act allowed by the L exemption u/s 54G of the Act allowed by the Ld. CIT(A) d. CIT(A). The grounds raised by the assessee are also in relation to the grounds raised by the assessee are also in relation to the grounds raised by the assessee are also in relation to the computation

EVEREST INDUSTRIES LTD. ,NOIDA vs. DY CIT CIRCLE- 1 , THANE

In the result, the appeal of the Revenue is dismissed whereas

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale () Assessment Year: 2006-07 Everest Industries Ltd., Dcit, Circle-1, D-206, Sector-63, Noida- Ashar I.T. Park, 6Th Floor, B- Vs. 201301, Uttar Pradesh, India. Wing 16-Z, Wagle Industrial Estate, Thane (W)-400 604. Pan No. Aaace 7550 N Appellant Respondent Assessment Year: 2006-07 Dcit, Circle-1, Everest Industries Ltd., Ashar I.T. Park, 6Th Floor, B- G-1, A-32, Genesis Mohan Vs. Wing 16-Z, Wagle Industrial Coop. Industries, Mathura Estate, Thane (W)-400 604. Road, New Delhi-110044. Pan No. Aaace 7550 N Appellant Respondent

54G of the Act allowed by the L exemption u/s 54G of the Act allowed by the Ld. CIT(A) d. CIT(A). The grounds raised by the assessee are also in relation to the grounds raised by the assessee are also in relation to the grounds raised by the assessee are also in relation to the computation

DCIT, CIRCLE-7(1)(1), MUMBAI vs. M/S. HIND ALUMINIUM INDUSTRIES LTD.,, MUMBAI

In the result, Cross objection of the assessee is allowed and appeal of the Revenue is dismissed

capital gain and claimed exemption under section 54G. Chapter XXII-B of the Income Tax Act, prior to 1.4.1988, contained

INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LTD,MUMBAI vs. ADDL /JT/ACIT/NFAC DELHI, DELHI

In the result, appeal of the assessee is partly allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

capital gain and claimed exemption under section 54G. Chapter XXII-B of the Income Tax Act, prior to 1.4.1988, contained

TRANZTAR COMMERCIAL VEHICLE APPLICATIONS LTD,MUMBAI vs. ITO WARD 14 (3)(2), MUMBAI

In the result, appeal of the assessee is allowed

Bench: Amit Shukla () & Ms. Padmavathy S. ()

capital gain and claimed exemption under section 54G. Chapter XXII-B of the Income Tax Act, prior to 1.4.1988, contained

VANRAJ RANCHHODDAS MERCHANT (THROUGH LEGAL HEIR HARSHIT MERCHANT),MUMBAI vs. ITO WARD 30(1)(1), MUMBAI

In the result the appeal of the assessee is partly allowed

gains\nafter allowing exemption under section 54F in accordance with\nlaw.\n12. Aggrieved by the order of CIT(A) the assessee is in appeal\nbefore us raising following grounds of appeal:\n1. The Ld. Commissioner of Income Tax (Appeal) – NFAC erred in\nconfirming the action of the Assessing Officer of reopening of\nassessment u/s.147 of the Income