VASHISHTHA LUXURY FASHION LIMITED,MUMBAI vs. DEPUTY DIRECTOR OF INCOME-TAX, CENTRALISED PROCESSING CENTER, BENGALURU,

In the result, appeal filed by the assessee is hereby allowed

Bench: SHRI OM PRAKASH KANT (Accountant Member), MS. KAVITHA RAJAGOPAL (Judicial Member)

72A of the Act, if the same pertains to any deduction specified in clause (i) and by claiming depreciation, if any under any provisions of section 32 except clause (iia) of sub-section(1) of section 32 along with various other conditions. It is also observed that the provision prescribes that the assessee exercises the said option only when

DCIT 9(2)(2), MUMBAI vs. CREDILA FINANCIAL SERVICES P.LTD, MUMBAI

Bench: Shri Mahavir Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.1491/Mum/2016 (नििाारण वर्ा / Assessment Year: 2012-13) बिाम/ Dcit 9(2)(2) Credila Financial Services R.No. 665A, 6 T H Floor, Private Ltd., Aayakar Bhavan, Mk Road, B-301 Citi Point, V. Mumbai-400020 Next To Kohinoor Continental Andheri Kurla Road, Andheri(E), Mumbai 400056 स्थायी ऱेखा सं./ Pan : Aaccc8789P (अपीऱाथी /Appellant) .. (प्रत्यथी / Respondent)

condoned and consequentially the CO filed by the assessee is directed to be admitted for adjudication on merits. When technicalities are pitted against substantial justices, the Courts will always lean towards dispensation of justice instead of closing and shutting the doors of justice to a bonafide and genuine litigant although we are fully aware that right to appeal

MADISON COMMUNICATIONS PRIVATE LIMITED,MUMBAI vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Narendra Kumar Billaiya & Shri Sunil Kumar Singhmadison Vs. Acit Circle 2(2)(1) Communications Pvt. 1St, Floor, Aayakar Ltd. Bhavan, New Marine 1St Floor, 349, Business Lines, Point, Western Express Highway, Andheri East, Mumbai-400020 Mumbai-400069 स्थायी लेखा सं./जीआइआर सं./ Pan/Gir No: Aaacm5979P Appellant .. Respondent

72A, if such loss or depreciation is attributable to any of the deductions referred to in clause (i); and (iv) by claiming the depreciation, if any, under any provision of section 32, except clause (iia) of sub-section (1) of the said section, determined in such manner as may be prescribed. 3)xxxxxxxxxxxxxxxxxxx 4)xxxxxxxxxxxxxxxxxxx 5) Nothing contained in this

ACIT CIRCLE 1(2)(1) , MUMBAI vs. M B PATIL CONSTRUCTION LIMITED , MUMBAI

delay of 19 days is condoned.\n4. Assessee in its appeal has raised the following grounds:-\n“1. Because in the facts and circumstances of the case and in\nlaw, the CIT(A) has erred in confirming the action of the A.O. in\nrejecting the books of accounts and making an addition

M/S M.B.PATIL CONSTRUCTIONS LIMITED,MUMBAI vs. INCOME TAX DEPARTMENT, NATIONAL FACELESS ASSESSMENT CENTRE, , DELHI

Appeal of the assessee is allowed and\nappeal of the Revenue is dismissed

delay of 19 days is condoned.\n4. Assessee in its appeal has raised the following grounds:-\n“1. Because in the facts and circumstances of the case and in\nlaw, the CIT(A) has erred in confirming the action of the A.O. in\nrejecting the books of accounts and making an addition