NANDLAL TOLANI CHARITABLE TRUST,MUMBAI vs. ITO EXEM WARD 2(1), MUMBAI, CUMBALLA HILL, MUMBAI

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

Bench: IN THE INCOME TAX APPELLATE TRIBUNAL, ‘B’ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA (Judicial Member), SHRI OMKARESHWAR CHIDARA (Accountant Member)

deduction for depreciation does not arise. The assessee has claimed deduction for depreciation on the capital expenditure till AY 2012-13. 3. Commencing

DCIT 10(3)(2), MUMBAI vs. PHOENIX MECANO (I) PLTD, MUMBAI

In the result, appeal of the Revenue is allowed

Bench: Shri Joginder Singh, Assessment Year:2011-12

deducting unabsorbed loss and unabsorbed depreciation and the income eligible for deduction under section 80HH will be the net income

M/S NICHOLAS PIRAMAL INDIA LTD vs. ADDLCIT RG - 7(1),

Bench: Shri Rajesh Kumar & Shri Ravish Soodm/S Nicholas Piramal India Ltd. Addl. Commissioner Of Piramal Healthcare Ltd. Income - Tax Range-7(1), (Earlier Known As Nicholas Piramal India Ltd), Mumbai 4Th Floor, Piramal Tower Annexe, Vs. Ganpatrao Kadam Marg, Lower Parel (W), Mumbai – 400013 Pan – Aaacn4538P (Appellant) (Respondent) D.C.I.T, Circle-7 (1), M/S Nicholas Piramal India Ltd. 452, Aayakar Bhavan, M.K. Marg, Piramal Healthcare Ltd. Mumbai. 4Th Floor, Piramal Tower Annexe, Vs. Ganpatrao Kadam Marg, Lower Parel (W), Mumbai – 400013

depreciation as deduction subject to the provisions of s. 34. Sec. 34 provides that deduction under section shall be allowed

THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL,MUMBAI vs. ASST CIT (E) RG 2(1), MUMBAI

In the result, all the appeals of the assessee are allowed for 10

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2012-13 & Assessment Year: 2013-14 The Gem & Jewellery Export Acit (Exemptions) Range- Promotion Council, 2(1), Vs. Tower-A, Aw-1010, G Block, 5Th Floor, Room No. 519, Bharat Diamond Bourse, Piramal Chambers, Lalbaug, B.K.C., Bandra East, Mumbai-400012. Mumbai-400051. Pan No. Aaatt 3202 H Appellant Respondent Assessment Year: 2014-15 The Gem & Jewellery Export Dcit (Exemptions) Range- Promotion Council, 2(1), Tower-A, Aw-1010, G Block, Vs. 5Th Floor, Piramal Chambers, Bharat Diamond Bourse, Lalbaug, B.K.C., Bandra East, Mumbai-400012. Mumbai-400051. Pan No. Aaatt 3202 H Appellant Respondent

depreciation on the same for double deduction on account of depreciation on the same for double deduction on account of depreciation

MAHESHWARI PRAGATI MANDAL,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS) INCOME TAX DEPARTMENT, MUMBAI

In the result, appeal filed by the assessee allowed

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blemaheshwari Pragati Mandal V. Commissioner Of Income Tax (Appeals) National Faceless Appeal Centre 2Nd Floor Maheshwari Bhavan Delhi Girgaon Road, Kalbadevi Mumbai-400002 Pan: Aaatm0226G (Appellant) (Respondent)

deduction by way of capital expenditure and depreciation which tantamount to double deduction. When this fact is brought to the knowledge

THIRUVANANTHAPURAM ROAD DEVELOPMENT CO. LTD,ORRISSA vs. DCIT 14(3)(1), MUMBAI

Appeal of the assessee is disposed of in terms of the order in ITA

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 2010-11 Thiruvananthapuram Road Dcit-14(3)(1), Development Company Ltd. बनाम/ (Earlier Dcit-10(1), The Il & Fs Financial Centre, Room No.455, 4Th Floor, Vs. Plot No.C-22, Aayakar Bhavan, G Block, Bandra Kurla M. K. Road, Complex, Bandra (East), Mumbai-400020 Mumbai-400051 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. Aacct0547J Assessment Year: 2010-11 Dcit-14(3)(1), Thiruvananthapuram Road (Earlier Dcit-10(1), Development Company Ltd. बनाम/ Room No.455, 4Th Floor, The Il & Fs Financial Vs. Aayakar Bhavan, Centre, Plot No.C-22, M. K. Road, G Block, Bandra Kurla Mumbai-400020 Complex, Bandra (East), Mumbai-400051 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aacct0547J

deduction on account of depreciation. The assessee has very much claimed the deduction of depreciation. However, he has claimed the same

DCIT 14(3)(1), MUMBAI vs. THIRVANTHAPURAM ROAD DEVELOPMENT COMPANY LTD, MUMBAI

Appeal of the assessee is disposed of in terms of the order in ITA

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 2010-11 Thiruvananthapuram Road Dcit-14(3)(1), Development Company Ltd. बनाम/ (Earlier Dcit-10(1), The Il & Fs Financial Centre, Room No.455, 4Th Floor, Vs. Plot No.C-22, Aayakar Bhavan, G Block, Bandra Kurla M. K. Road, Complex, Bandra (East), Mumbai-400020 Mumbai-400051 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. Aacct0547J Assessment Year: 2010-11 Dcit-14(3)(1), Thiruvananthapuram Road (Earlier Dcit-10(1), Development Company Ltd. बनाम/ Room No.455, 4Th Floor, The Il & Fs Financial Vs. Aayakar Bhavan, Centre, Plot No.C-22, M. K. Road, G Block, Bandra Kurla Mumbai-400020 Complex, Bandra (East), Mumbai-400051 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aacct0547J

deduction on account of depreciation. The assessee has very much claimed the deduction of depreciation. However, he has claimed the same

ACIT, MUMBAI vs. RELIANCE INDUSTRIES LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed whereas the cross-objection of the assessee is allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2014-15 Acit, Reliance Industries Ltd., Room No. 559, 5Th Floor, 3Rd Floor Maker Chamber Iv, Aayakar Bhavan, New Marine Vs. Nariman Point, S.O. Lines, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent

deducting additional order depreciation u/s. 32(l)(iia) 3. Excess deduction allowed u/s. 10AA "on perusal of the records 10.89 for PP SEZ unit

DCIT CIR. 6(3)(1), MUMBAI vs. JASRA GRAPHICS PVT. LTD., MUMBAI

The appeal of the Revenue is dismissed

Bench: Shri Joginder Singh & Shri Manoj Kumar Aggarwalassessment Year: 2011-12 Dcit, M/S Jasra Graphics P. Ltd. Cir.-6(3)(1), 101, Prabhadevi Industrial बनाम/ R. No.506, 5Th Floor, Estate, 408, Veer Savarkar Vs. Aayakar Bhavan, Marg, Prabhadevi, M.K. Road, Mumbai-400025 Mumbai-400020 (राज"व /Revenue) ("नधा"रती /Assessee) Pan. No. Aaacw1638F

deduction of depreciation under section 32 shall be mandatory. 30.3 Under the existing provisions, no deduction for depreciation is allowed

DCIT (E) 2(1), MUMBAI vs. MOHD HAJI SABOO SIDIK INSTITUTION, MUMBAI

Bench: Shri Joginder Singh & Shri Ramit Kocharआयकर अपीऱ सं./I.T.A. No.7019/Mum/2016 (नििाारण वर्ा / Assessment Year: 2013-14) बिाम/ Dcit (E) 2(1) Mohd. Haji Saboo Sidik R.No 519, 5 T H Floor, Institution, Piramal Chamber, C/O. Anjuman I Islam, V. Lalbaug, Badruddin Tayabji Marg, Lower Parel, 92, Dr. D.N. Road, Mumbai-400013 Mumbai स्थायी ऱेखा सं./ Pan : Aabtm6917D (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

deduction on account of depreciation on the same very assets acquired from such capital expenditure, no deduction shall be allowed

INCOME TAX OFFICER (E) 2(3), MUMBAI vs. SOCIETY OF FRANCISCAN BROTHERS, MUMBAI

Bench: Shri Shamim Yahya, Am & Shri Amarjit Singh, Jm

deduction on account of depreciation on the same very assets acquired from such capital expenditure no deduction shall be allowed

INCOME TAX OFFICER(E)-2(3), MUMBAI vs. SOCIETY OF CONGREGATION OF FRANCISCAN BROTHERS, MUMBAI

Bench: Shri Shamim Yahya, Am & Shri Amarjit Singh, Jm

deduction on account of depreciation on the same very assets acquired from such capital expenditure no deduction shall be allowed

J B ADVANI AND COMPANY PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, MUMBAI

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

Bench: Shri Pavan Kumar Gadalej.B Advani & Company Vs. Acit, Circle 2(2)(1), Pvt Ltd.,Ador House, 4Th Aayakar Bhavan, Floor, 6 K, Dubashmarg, Mumbai-400021. Kalghoda,Liongate,Fort, Mumbai-400001. Pan/Gir No. : Aaacj1966D Appellant .. Respondent

deduction of depreciation under section 32 shall be mandatory 30.3 Under the existing provisions, no deduction for depreciation is allowed

DCIT (E) 2(1), MUMBAI vs. SOCIETY OF THE SERVANT OF THE HOLY SPIRIT, MUMBAI

The appeal of the Revenue is dismissed

Bench: Shri Joginder Singh & Shri Ashwani Tanejaassessment Year: 2008-09 Dcit(Exemption)-2(1), Society Of The Servant Of The 5Th Floor, Holy Spirit, बनाम/ Piramal Chamber, Holy Spirit Hospital, Vs. Lalbaug, Parel, Mahakali Caves Road, Mumbai-400012 Andheri (E), Mumbai-400092 Pan. No. Aaaas0148J (राज"व /Revenue) ("नधा"रती /Assessee)

depreciation claim does not mean double deduction. The deduction earlier claimed is towards application of funds of the trust for acquiring

ACIT 19(3), MUMBAI vs. VASANJI A MAMANIA, MUMBAI

In the result, the appeal filed by the Revenue is treated as allowed for statistical purpose and the cross objection filed by the assesee become otiose

Bench: Shri N.K. Billaiya & Shri Pawan Singhआयकर अपील सं/ I.Ta No.6171/Mum/2012 ("नधा"रण वष" / Assessment Year: 2008-09 बनाम/ The Acit-19(3), Vasanji A Mamania, Mumbai 301, Mangal Swagat, Vs. Of Turner Road, Bandra (W), Mumbai-400 050 C.O. No. 134/Mum/2014 (Arising Out Of I.Ta No.6171/Mum/2012) ("नधा"रण वष" / Assessment Year: 2008-09 बनाम/ Vasanji A Mamania, The Acit-19(3), 301, Mangal Swagat, Mumbai Vs. Of Turner Road, Bandra (W), Mumbai-400 050 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aampm 4503C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. अपीलाथ" ओर से/ Department By: Shri Shridhar E ""यथ" क" ओर से/ Assessee By: None सुनवाई क" तार"ख / Date Of Hearing :15.12.2015 घोषणा क" तार"ख /Date Of Pronouncement :23.12.2015 आदेश / O R D E R Per N.K. Billaiya, Am: This Appeal By The Revenue & The Cross Objection By The Assesee Are Directed Against The Very Same Order Of The Ld. Cit(A)- 30, Mumbai Dated 6.7.2012 Pertaining To Assessment Year 2008-09. 2 Ita. No. 6171/M/12 & C.O No. 134/M/14

deduct for depreciation. If it did not think it necessary to provide more for depreciation it cannot ask for adjustments

ACIT (LTU-1), MUMBAI vs. BAJAJ HOLDINGS & INVESTMENT LTD, MUMBAI

In the result, cross objection filed by the assessee is partly allowed

Bench: Shri Kuldip Singh, Hon’Ble & Shri S. Rifaur Rahman, Hon'Bleacit (Ltu-1) V. Bajaj Holdings Investment Ltd 29Th, Floor, Centre-1 226, Bajaj Bhavan, 2Nd Floor World Trade Centre Jamnalal Bajaj Marg, Nariman Point Mumbai- 400021 Cuffe Parade, Mumbai- 400075 Pan: Aaacb3370K (Appellant) (Respondent) C.O.No. 96/Mum/2002 [Arising Out Of Ita No.5030/Mum/2001 (A.Y: 1997-98)] Bhajaj Auto Limited V. Acit (Ltu-1) Bhajaj Bhavan 29Th, Floor, Centre-1 Nariman Point World Trade Centre Mumbai - 400020 Cuffe Parade, Mumbai- 400075 Pan: Aaacb3370K (Appellant) (Respondent) Assessee Represented By : Shri Percy Pardiwala& Ms. Vasanti Patel Department Represented By : Shri Rahul Kumar & Shri Vranda U Matkarri

deducting depreciation of respective units which is contrary to the provisions of above section. (e) Erred in direction the A.O. to grand

THE TATA POWER CO. LTD,MUMBAI vs. ITO RG 2(1)(1), MUMBAI

In the result, the appeal filed by the assessee company in ITA No

Bench: Shri Saktijit Dey & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 3078/Mum/2009 ("नधा"रण वष" / Assessment Year : 2002-03) The Tata Power Co. Ltd, The Asst. Commissioner Of बनाम/ Corporate Center, Block ‘B, Income Tax- Circle V. 5 Th Floor, 2(3),Aayakar Bhavan, 34, Sant Tukaram Road, Maharshi Karve Road, Carnac Bunder, Mumbai – 400 020. Mumbai – 400 009. "थायी लेखा सं./Pan : Aaact0054A (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

deduction under Section 80IA has been correctly allowed in the assessment order with reference to the profits of 67.5 MW Unit without considering the unabsorbed depreciation

M/S. STATE BANK OF MAURITIUS LTD,MUMBAI vs. THE DY DIT (INT TAX) 2(1), MUMBAI

deduction on the capital expenditure,claimed depreciation on fixed assets, that it amounted to double deduction to the extent of depreciation

EMCO DYESTUFF PVT. LTD.,MUMBAI vs. DCIT - 12(2)(1), MUMBAI

The appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Rajesh Kumar & Shri Ram Lal Negiassessment Year: 2014-15

deduction of depreciation from income and standard deduction on house property income and accordingly reworked the income of the 7 M/s. Emco