AYYAPPA SEVA SAMGHAM BOMBAY TRUST,MUMBAI vs. CIT (A)-53, MUMBAI

In the result appeal of the assessee is allowed for statistical purposes

Bench: Shri Kuldip Singh & Shri Gagan Goyalayyappa Seva Samgham Bombay-Trust Plot No.185, Shree Ayyappa Temple Bangur Nagar, Goregaon (E) Mumbai-400 104 Pan: Aaata0312K ...... Appellant Vs. Cit (A), 53 634, Aayakar Bhavan, Mumbai-400 020 ..... Respondent

trust or institution created or established wholly for religious and charitable purposes other than any anonymous donation made with a specific direction that such donation is for any university or other educational (3) For the purposes of this section, "anonymous donation" means any voluntary contribution referred to in sub-clause (iia) of clause (24) of section 2, where a person

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

charitable purposes because such excess investment is not coming out of or derived from property held under the trust which Is a basic condition for giving exemption under section 11(1). In our considered view, the Assessing Officer has not made out any case that excels investment in property to be added under section 69 is not coming

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT CENTRAL 4, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-4, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. INCOME TAX OFFICER (EXEMPTION)- 1(3), MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT CENTRAL 4, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT VENTRAL 4, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. INCOME TAX OFFICER (EXEMPTION)- 1(3), MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. INCOME TAX OFFICER (EXEMPTION)- 1(3), MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT CENTRAL 4, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

ASST CIT CC 43, MUMBAI vs. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST, MUMBAI

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

Charitable Trust Vs. CIT 246 ITR 452 (Guj) j) Trustees of Kilachand Foundation 172 ITR 0382 (Bom) k) CIT vs Eternal Science of Man’s society 128 ITR 456 (Del)” 14. We have heard both the parties, perused materials on record and gone through orders of authorities below. It is an admitted fact that exemption u/s 11 has been denied

DCIT- CC-6 (1), MUMBAI, BKC, MUMBAI vs. PRIYANKA COMMUNICATIONS INDIA PRIVATE LIMITED, MUMBAI

In the result, all the three appeals filed by the assessee are allowed and appeals filed by the revenue are dismissed

Bench: Shri Narender Kumar Choudhry & Smt. Renu Jauhriआयकर अपील सं./Ita Nos. 834 To 836/Mum/2025 (निर्धारण वर्ा / Assessment Year :2016-17, 2018-19 & 2019-20)

Section 115BBE has been applied. 8. Aggrieved by the order of Ld. AO, the assessee preferred an appeal before the Ld. CIT(A). The Ld. CIT(A) while upholding the order of Ld. AO regarding circular trading being the basis of addition, however, reduced the rate applied on total sales and purchases from 3% to 0.3%, thereby allowing relief

DCIT-CC-6(1), MUMBAI, BKC, MUMBAI vs. PRIYANKA COMMUNICATIONS INDIA PRIVATE LIMITED, MUMBAI

In the result, all the three appeals filed by the assessee are allowed and appeals filed by the revenue are dismissed

Bench: Shri Narender Kumar Choudhry & Smt. Renu Jauhriआयकर अपील सं./Ita Nos. 834 To 836/Mum/2025 (निर्धारण वर्ा / Assessment Year :2016-17, 2018-19 & 2019-20)

Section 115BBE has been applied. 8. Aggrieved by the order of Ld. AO, the assessee preferred an appeal before the Ld. CIT(A). The Ld. CIT(A) while upholding the order of Ld. AO regarding circular trading being the basis of addition, however, reduced the rate applied on total sales and purchases from 3% to 0.3%, thereby allowing relief

PRIYNAKA COMMUNICATIONS INDIA PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 6(1), MUMBAI

In the result, all the three appeals filed by the assessee are allowed and appeals filed by the revenue are dismissed

Bench: Shri Narender Kumar Choudhry & Smt. Renu Jauhriआयकर अपील सं./Ita Nos. 834 To 836/Mum/2025 (निर्धारण वर्ा / Assessment Year :2016-17, 2018-19 & 2019-20)

Section 115BBE has been applied. 8. Aggrieved by the order of Ld. AO, the assessee preferred an appeal before the Ld. CIT(A). The Ld. CIT(A) while upholding the order of Ld. AO regarding circular trading being the basis of addition, however, reduced the rate applied on total sales and purchases from 3% to 0.3%, thereby allowing relief