SHREECHAND BUILDERS P. LTD,MUMBAI vs. ITO 9(3)(1), MUMBAI

Bench: Hon‟Ble Sh.R. C. Sharma, Am& Hon‟Ble Sandeep Gosain, Jm

condone the delay of 670 days in filing the appeal. Resultantly, this application is allowed and appeal is admitted to be heard on merits. 7. The brief facts of the case are that assessee is a private limited company engaged in the development of a housing projects. It filed its return of income on 29.09.2008 declaring NIL income after claiming

PALMERA CO OP HOUSING SOCIETY LIMITED,N D ROAD MUMBAI vs. CIRCLE 19(1), MUMBAI, PIRAMAL CHAMBER, MUMBAI

In the result, the appeal of the assessee is allowed

delay in filing appeal before the first\nappellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC u/s.\n143(1) treating the interest received from the Co- operative Bank as\nincome from other sources by disallowing the claim of section 80P(2)(d).\n9. First of all prior to assessment year

SILVERLINE COOPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. INCOME TAX OFFICER, WARD-31(2)(1)

In the result, the appeals of the assessee are allowed

delay in filing appeal before the first appellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC u/s. 143(1) treating the interest received from the Co- operative Bank as income from other sources by disallowing the claim of section 80P(2)(d).\n9. First of all prior to assessment year

PALMERA CO OP HOUSING SOCIETY LIMITED,N D ROAD, MUMBAI vs. CIRCLE 19(1), MUMBAI, PIRAMAL CHAMBER, MUMBAI

In the result, the appeal of the assessee is allowed

delay in filing appeal before the first\nappellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC u/s.\n143(1) treating the interest received from the Co- operative Bank as\nincome from other sources by disallowing the claim of section 80P(2)(d).\n9. First of all prior to assessment year

RUSHABH APARTMENT CO-OP HOUSING SOCIETY LIMITED,MUMBAI vs. ITO, WARD-19(3)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Smt. Beena Pillai & Smt. Renu Jauhrirushabh Apartment Co-Op. V/S. Ito. Ward 19(3)(1), Housing Society Limited बनाम Mumbai Dr. Parekh Street, Matru Mandir, Mumbai Prarthana Samaj, Mumbai Maharashtra-400007 Maharashtra-400004 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaaar5230L Appellant/अपीलार्थी .. Respondent/प्रतिवादी

delay in filing appeal before the first appellate authority is condoned. 8. On merits in both the years, adjustment has been made by the CPC u/s. 143(1) treating the interest received from the Co- operative Bank as income from other sources by disallowing the claim of section 80P(2)(d). 9. First of all prior to assessment year

TAJ EXIM INTERNATIONAL LTD,MUMBAI vs. JTCIT (OSD) 3(3), MUMBAI

In the result, the appeal by the assessee is allowed for statistical purposes

Bench: Shri G.S. Pannu & Shri Sandeep Singh Karhail

delay in filing the present appeal is condoned and we proceed to decide the appeal on merits. 4. In this appeal, the assessee has raised the following grounds:– “1. On the facts and circumstances of the case, Hon. CIT(Appeals) erred in confirming the fact in making an addition by disallowing under section 801B

SILVERLINE COOPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER , WARD-31(2)(1)

In the result, the appeals of the assessee are allowed

delay in filing\nappeal before the first appellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC\nu/s. 143(1) treating the interest received from the Co- operative Bank\nas income from other sources by disallowing the claim of section\n80P(2)(d).\n9. First of all prior to assessment year

SILVERLINE COOPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER , WARD-31(2)(1)

delay in filing\nappeal before the first appellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC\nu/s. 143(1) treating the interest received from the Co- operative Bank\nas income from other sources by disallowing the claim of section\n80P(2)(d).\n9. First of all prior to assessment year

RIGHT TIGHT FASTNERS PVT. LTD.,MUMBAI vs. ACIT-11 (1)(1), MUMBAI

In the result, this appeal by the assessee stands dismissed

Bench: Shri Shamim Yahya, Am & Shri Pavan Kumar Gadale, Jm Right Tight Fastners Pvt. Ltd. Acit-11(1)(1) 18-A/31, Manish Kaveri, Four Aayakar R. Bhavan, M. K. Road, Bunglows, Andheri (W), Vs. Mumbai-400 020 Mumbai-400 053

801B 307 the return of income by the due date by the assessees who are entitled for deductions under Section 80-1A or Section 80-IAB or Section 80- IB or Section 80- IC from their income, a new Section 80AC has been inserted so ax to provide that no deduction under Section 8Q-IA or Section

SILVERLINE COOPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER , WARD-31(2)(1)

In the result, the appeals of the assessee are allowed

delay in filing\nappeal before the first appellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC\nu/s. 143(1) treating the interest received from the Co- operative Bank\nas income from other sources by disallowing the claim of section\n80P(2)(d).\n9. First of all prior to assessment year

DINDOSHI ONKAR CO-OPERATIVE HOUSING SOCIETY LIMITED,MUMBAI vs. INCOME TAX OFFICER, WARD 41(3)(1), MUMBAI

Appeal is allowed

Bench: SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

condone the delay in filing of first appeal. 3. On merits, after hearing both the parties and on perusal of the impugned order and the material placed on record we find that CPC has made adjustment for disallowance of interest claimed u/s.80P despite the fact that no such primafacie adjustment could have been made for disallowing the deduction u/s.80P within

SILVERLINE COOPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER , WARD-31(2)(1)

In the result, the appeals of the assessee are allowed

delay in filing\nappeal before the first appellate authority is condoned.\n8. On merits in both the years, adjustment has been made by the CPC\nu/s. 143(1) treating the interest received from the Co- operative Bank\nas income from other sources by disallowing the claim of section\n80P(2)(d).\n9. First of all prior to assessment year