PRADMAN ENGINEERING SERVICES P LTD.,MUMBAI vs. CIT (A), NFAC, DELHI, MUMBAI

The appeals are dismissed

delay of one day in filing appeal is condoned as the same was caused on account of the Directors of the Assessee-Company not being available to execute the appeal at the relevant time. The solitary issue raised by the Assessee in all the appeals is 2. whether at the time of processing of return of income under Section

M/S. P.A.ZAVERI,MUMBAI vs. ADIT , CPC, BEGALURU

The appeals are dismissed

delay of one day in filing appeal is condoned as the same was caused on account of the Directors of the Assessee-Company not being available to execute the appeal at the relevant time. The solitary issue raised by the Assessee in all the appeals is 2. whether at the time of processing of return of income under Section

ARUN WAMAN KOLI,MUMBAI vs. ADIT, CPC, BANGALURE

The appeals are dismissed

condone the delay of 119 days in filing the appeal in view of the judgment of the Hon’ble Supreme Court in the case of Collector, Land Acquisition, Anantnag and Ors. vs. Katiji and Ors.(1987) 167 ITR 471 (SC), and proceed to examine/adjudicate the same on merits. The Appellant has raised following grounds of appeal

GOLD COIN APARTMENTS CO OPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. ITO WARD 22(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER SHRI OMKARESHWAR CHIDARA (Accountant Member)

delay of 101 days in filing the present appeal is condoned. Accordingly, we proceed to examine the grounds raised in the present appeal. 6. We have considered the rival submissions. 7. In the present case it is not disputed by the Revenue that the Assessee is a co-operative society and it has received interest income from co-operative banks

MEENA ARJUN NARANG,MUMBAI vs. ACIT, CIRCLE 27(2), MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Amit Shukla, Jm & Shri Arun Khodpia, Am

condoned. 3. The sole issue in the present matter pertains to the date of stamp duty valuation of the property which the assessee had purchased in the year 2010 for a consideration of Rs. 44,00,000/-, which was further added with certain development charges, society advance maintenance and other taxes. The property was allotted to the assessee vide allotment

DCIT 2(2)(1), MUMBAI vs. STATE BANK OF INDIA, MUMBAI

The appeal of the Revenue is dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 1995-96 Dcit-2(2)(1), M/S State Bank Of India, R. No.545, Financial Reporting & बनाम/ Aayakar Bhavan Taxation Department, 3Rd Vs. M.K. Road, Floor, Corporate Centre, Mumbai-400020 State Bank Bhavan, Madam Cama Road, Nariman Point, Mumbai-400021 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aaacs8577K

24 days, therefore, the delay may be condoned. On the other hand, the Ld. counsel for the assessee, Shri C. Naresh, opposed the condonation of delay by contending that the Revenue is expected to explain the delay of each day. 2.1. We have considered the rival submissions and perused the material available on record. In view of the assertions made

ZAHIR KASAM MEMON,MUMBAI vs. ADDL-JCIT (A)-2, , MUMBAI

In the result the appeal filed by the assessee stands dismissed

Bench: Smt Beena Pillai & Shri Prabhash Shankarassessment Year: 2019-20 Zahir Kasam Memon Addl-Jcit (A) -2 Memon Brothers, Chennai, Pinjarwada, Tamil Nadu. Kumbharwada, Vs. Zenda Bazar, Vasai (West).-401201. Pan:Aempm1407R (Appellant) (Respondent)

condone the delay in filing appeal.” B. The Ld.AR submitted that the above grounds are related to the main grounds raised in form 36 and that no new records needs to be looked into for disposing off the issue raised herein. The Ld.DR though could not object to the submissions of the assessee did not support the admission of additional

ASST CIT 10(3)(2), MUMBAI vs. PANTALOON INDUSTRIES LTD, MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyal

24)(x) of the Act. The AO thereby framed the assessment under section 143(3) of the Act. 4. The assessee carried the matter before the Ld. CIT(A) by way of filing appeals who has partly allowed the same by restricting the disallowance to the tune of Rs64857678/- and Rs.58636230/- for A.Y. 2010-11 & 2011-12 respectively. Feeling aggrieved

PIL INDUSTRIES,MUMBAI vs. DCIT RG 8(2), MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyal

24)(x) of the Act. The AO thereby framed the assessment under section 143(3) of the Act. 4. The assessee carried the matter before the Ld. CIT(A) by way of filing appeals who has partly allowed the same by restricting the disallowance to the tune of Rs64857678/- and Rs.58636230/- for A.Y. 2010-11 & 2011-12 respectively. Feeling aggrieved

ASST CIT RG 10(3)(2), THANE vs. PANTALOON INDUSTRIES LTD, MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyal

24)(x) of the Act. The AO thereby framed the assessment under section 143(3) of the Act. 4. The assessee carried the matter before the Ld. CIT(A) by way of filing appeals who has partly allowed the same by restricting the disallowance to the tune of Rs64857678/- and Rs.58636230/- for A.Y. 2010-11 & 2011-12 respectively. Feeling aggrieved

ASST CIT CIR 6(1)(2), MUMBAI vs. ASK INVESTMENT MANAGERS P.LTD, MUMBAI

The appeal of the Revenue is allowed for statistical

Bench: Shri Joginder Singh & Shri G. Manjunathaassessment Year 2012-13 Acit M/S Ask Investment Circle-6(1)(2), Managers Pvt. Ltd. बनाम/ R. No.536, 5Th Floor, 1St Floor Bandbox House, Vs. Aayakar Bhavan, Dr. Ab Road, Worli, M. K. Road, Churchgate, Mumbai-400030 Mumbai-400020 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aafca2302P Shri Nitin Waghmode-Dr राज"व क" ओर से / Revenue By "नधा"रती क" ओर से / Assessee By Shri J.D. Mistri Sr. Advocate

x 7,53,45,789 / 43,97,56,266 (i.e. 43,98,75,523- 1,19,257)= 58,41,251 (relating to regular operations). 3.5. The proportionate expense for net disallowance u/s 14A in respect of earning of the assessee related to non taxable income comes to Rs. 2

ADDL CIT R G 7(1), MUMBAI vs. NOVARTIS INDIA LTD ( FORMERLY KNOWN AS HINDUSTAN CIBA GIEGY LTD. ), MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Novartis India Limited V. Asst. Commissioner Of Income –Tax - 7(2)(2) {Earlier Addl. Commissioner Of Income –Tax – 7(1)} 6Th& 7Th Floor 1St Floor, Aayakar Bhavan Inspire Bkc M.K. Road, Mumbai - 400020 “G” Block, Bkc Main Road Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Pan: Aaach2914F (Appellant) (Respondent) Addl. Commissioner Of Income –Tax – 7(1) V. M/S. Novartis India Limited Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent) Co No.190/Mum/2011 [Arising Out Of Ita No.6772/Mum/2010 (A.Y. 2002-03)] M/S. Novartis India Limited V. Addl. Commissioner Of Income –Tax – 7(1)} Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent)

section 143(2) proceeding and was treated as such by the assessee preclude it from urging lack of jurisdiction." (emphasis supplied) (3) There is no interplay of section 127 as held in para 8, in the following words- "8. As far as the section 127 goes, we are of the opinion that having regard to the findings rendered, that question

CAPACITE INFRAPROJECTS LIMITED ,MUMBAI vs. ACIT/DCIT CENTRAL CIRCLE 1(2) MUMBAI , MUMBAI

The appeal of the assessee are allowed in above terms

Bench: Shri. Om Prakash Kant & Shri. Raj Kumar Chauhan

24)(x) of the Act before pronouncement of the checkmate Judgment by the Hon’ble Apex Court shall amount to misreporting of the income by the assessee/appellant with a consequence of imposing of 200% penalty u/s 270A of the Act? 4. We have heard Ld.AR on behalf of the assessee and Ld.DR on behalf of the revenue.With respect

CAPACITE INFRAPROJECTS LIMITED ,MUMBAI vs. ACIT/DCIT CENTRAL CIRCLE 1(2), MUMBAI, MUMBAI

The appeal of the assessee are allowed in above terms

Bench: Shri. Om Prakash Kant & Shri. Raj Kumar Chauhan

24)(x) of the Act before pronouncement of the checkmate Judgment by the Hon’ble Apex Court shall amount to misreporting of the income by the assessee/appellant with a consequence of imposing of 200% penalty u/s 270A of the Act? 4. We have heard Ld.AR on behalf of the assessee and Ld.DR on behalf of the revenue.With respect

DHANVARSHA NAGRI SAHAKARI PATASANTHA LIMITED,NAVI MUMBAI vs. ITO WARD 28(1)(3), NAVI MUMBAI

Accordingly, in view of paragraph 10 to 15 above, disallowance of INR.32,63,969/- is deleted and claim of deduction under Section 80P of the Act as made by the Appellant is allowed

Bench: the Tribunal. Therefore, the delay of 22 days in filing the appeal is condoned. 4. We note that the Appellant has raised the following grounds in the

delay of 22 days in filing the appeal is condoned. 4. We note that the Appellant has raised the following grounds in the appeal: “On the facts and in the circumstances of the case and in law, the learned CIT(A) was not justified both in facts and in law in: 1. Denying the deduction for Rs.36

PRAGATI FASHIONS P. LTD.,MUMBAI vs. DYCTI (CPC), BANGALORE

In the result, assessee’s appeal is allowed

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadalepragati Fashions P Ltd., Vs. Dycti (Cpc) F.P.No. 455, Shree 1 St Floor, Prestige Sadguru Heights, Alpha, Bhavani Shankar Road, Beratenagrahara, Dadar (W) Hosur Road, Uttahalli Mumbai-400028. Hobli,Bangalore- 560100 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccp1730H Appellant .. Respondent Appellant By : Shri. Girish Dave.Sr.Counsel Respondent By : Shri. S.G. Menon.Sr. Dr Date Of Hearing 07.02.2022 Date Of Pronouncement 21.02.2022 आदेश / O R D E R Per Pavan Kumar Gadale Jm:

condoned. In the present case we are concerned with the law as it stood prior to the amendment of Section 43-B. In the circumstances, the assessee was entitled to claim the benefit in Section 43-B for that period particularly in view of the fact that he has contributed to provident fund before filing of the return. Special Leave

BUSHRA SUHAIL SHAIKH ,MUMBAI vs. INCOME TAX OFFICER WARD -22(1)(6), MUMBAI

In the result, ground no. 1 is allowed for statistical purpose

Bench: Shri Pawan Singh, Hon’Blebushra Suhail Shaikh Ito, Ward-22(1)(6), Mumbai Flat No. 301, Cadel Queen, A- Piramal Chambers, Lalbaug, Wing, S.V.S. Marg, Cadel Road, Vs Mumbai – 400012. Mahim West, Mumbai-400016. [Pan: Dsjps1674C] (Appellant) (Respondent ) Assessee Represented By : Shri Vimal Punmiya, Ca Shri Surendra Mohan, Sr. Dr Department Represented By : Date Of Institution : 13.05.2025 Date Of Conclusion Of Hearing : 21.07.2025 Date Of Pronouncement Of Order : 18.08.2025

24,44,390/- under section 56(2)(x), ignoring the exemption available for transactions under Third Proviso to Section 50C(1) inserted by Finance Act, 2018 allows a 10% safe harbor for variation between stamp duty value and actual consideration, and the transaction is specifically excluded under the proviso to section 56(2)(x). 2. That the learned

HDFC BANK LIMITED (AS SUCCESSOR TO HDFC LTD),MUMBAI vs. DCIT 2(3)(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

condone the delay on the ground that there was sufficient cause for the said delay. Accordingly, we take up the appeals for adjudication. Sr. No. | ITA No. | Assessment year | Appeal by | No. of days delay ---|---|---|---|--- 1. | 2980/Mum/2024 | 2014-15 | Revenue | 18 2. | 2979/Mum/2024 | 2015-16 | Revenue | 18 3. | 2049/Mum/2023 | 2016-17 | Revenue | 1 4. | 2046/Mum/2023 | 2017-18 | Revenue

DCIT-11(1)(2),, MUMBAI vs. M/S. SANGAM INDIA LTD.,, MUMBAI

Appeal stand dismissed whereas the assessee‟s appeal stands partly allowed for statistical purposes

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकरअपील िं./ I.T.A. No.1490/Mum/2019 (धििाारण वर्ा / Assessment Year: 2015-16) Dcit-11(1)(2) M/S. Sangam India Ltd. Gf, Room No.1 306, „B‟ Wing बिाम/ Aaykar Bhavan, M.K. Road Dynasty Business Park Vs. Mumbai-400 020 J.B. Nagar, A.K. Road Andheri (E), Mumbai-400 059 स्थायीलेखा िं./ जीआइआर िं./ Pan/Gir No. Aaccs-0486-K (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : & Co No.01/Mum/2021 (धििाारण वर्ा / Assessment Year: 2015-16) M/S. Sangam India Ltd. Dcit-11(1)(2) 306, „B‟Wing Gf, Room No.1 बिाम/ Dynasty Business Park Aaykar Bhavan, M.K. Road Vs. J.B. Nagar, A.K. Road Mumbai-400 020 Andheri (E), Mumbai-400 059 स्थायीलेखा िं./ जीआइआर िं./ Pan/Gir No. Aaccs-0486-K (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : Assessee By : Shri Dharmesh Shah-Ld. Ar Revenue By : Shri Ajit Kumar Shrivastava-Ld. Cit-Dr ुनवाई की तारीख/ : 02/07/2021 Date Of Hearing घोषणा की तारीख / : 26/07/2021 Date Of Pronouncement

x) Mumbai Tribunal in National Bank for Agricultural & Rural Development V/s Addl. CIT (ITA No.5310/Mum/2019 dated 30/08/2019) 5.4 The Ld. CIT-DR, on the other hand, vehemently opposed the admission of additional ground as well as condonation of delay. It was pleaded that delay was not fully explained by the assessee. It was the submission of Ld. CIT-DR that