DCIT CENT. CIR. -7(3), MUMBAI vs. PALAVA DWELLERS PVT. LTD. , MUMBAI
In the result, appeal of the Revenue is dismissed and appeal of the assessee is allowed
ITA 2147/MUM/2018[2014-15]Status: DisposedITAT Mumbai20 Feb 2020AY 2014-15
Bench: Shri C.N. Prasad, Hon'Ble & Shri G. Manjunatha, Hon'Bledy. Commissioner Of Income-Tax V. M/S. Palava Dwellers Pvt. Ltd., Central Circle – 7(3) 412, 71-G, Vardhman Chamber Room No. 655, 6Th Floor C.P. Road, Horniman Circle Aayakar Bhavan, M.K. Road Fort, Mumbai Mumbai – 400 020 Pan: Aabcl1117D (Appellant) (Respondent) Lodha Developers Limited Dy. Commissioner Of Income-Tax V. {Since Merged M/S. Palava Dwellers Pvt. Ltd.,} Central Circle – 7(3) 412, 4Th Floor, 17G, Vardhman Chamber Room No. 655, 6Th Floor Cawasji Patel Road, Horniman Circle Aayakar Bhavan, M.K. Road Fort, Mumbai - 400 001 Mumbai – 400 020 Pan: Aabcl1117D (Appellant) (Respondent)
For Appellant: Shri Rajan R. VoraFor Respondent: Shri Awungshi Gimson
Section 143(3)Section 14ASection 36(1)(iii)
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ITA No. 2147 & 2348/MUM/2018 (A.Y: 2014-15)
Lodha Developers Limited
{since merged M/s. Palava Dwellers Pvt. Ltd.,}
the apex court in the case of the Taparia tools Ltd vs. DCIT (2015)
272 ITR 605 wherein the Supreme Court held that the only aspect which needed examination was as to whether the provisions of section 36 (1) (iii) read with
