M/S. NOVARTIS INDIA LTD.,MUMBAI vs. DCIT CIR. - 7(1), MUMBAI

In the result, the appeal of assessee in ITA No

Bench: Sri Mahavir Singh, Jm & Sri Ramit Kochar, Am Dy. Commissioner Of Income Tax, Novartis India Ltd. Circle 7(1) Sandoz House, Dr. Annie Acit Circle 7(1), Vs. Besant Road, Mumbai-400 018 Aayakar Bhavan, Mumbai-20 Pan No. Aaach2914F Appellant .. Respondent Co No. 101/Mum/2006 (In Ita No.443/Mum2006 For Ay 1999-2000)

Reassessment is dropped ii) Depreciation claim on factor building, plant and machinery, furniture > Reassessment is dropped iii) Disallowed under section

ACIT CIR. 7(1), MUMBAI vs. M/S. NOVARTIS INDIA LTD., MUMBAI

In the result, the appeal of assessee in ITA No

Bench: Sri Mahavir Singh, Jm & Sri Ramit Kochar, Am Dy. Commissioner Of Income Tax, Novartis India Ltd. Circle 7(1) Sandoz House, Dr. Annie Acit Circle 7(1), Vs. Besant Road, Mumbai-400 018 Aayakar Bhavan, Mumbai-20 Pan No. Aaach2914F Appellant .. Respondent Co No. 101/Mum/2006 (In Ita No.443/Mum2006 For Ay 1999-2000)

Reassessment is dropped ii) Depreciation claim on factor building, plant and machinery, furniture > Reassessment is dropped iii) Disallowed under section

DCIT CIR 7(1), MUMBAI vs. SHETH FINANCIAL SERVICES P.LTD, MUMBAI

In the result, the appeal filed by the Revenue in ITA No

Bench: Shri C.N. Prasad & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 5406/Mum/2013 ("नधा"रण वष" / Assessment Year : 2005-06) D.C.I.T. Cir. 7(1), M/S Sheth Financial बनाम/ Room No. 622, Services P. Ltd., V. Aayakar Bhavan, (Formerly Known As P L M.K. Road, Research & Development Churchgate, Pvt. Ltd., Mumbai -400020. Sadhna House, 3 Rd Floor,, 570 P.B. Marg, Behind Mahindra Tower, Worli, Mumbai – 400 018. "थायी लेखा सं./Pan : Aabcp4312L .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

depreciation claimed u/s 32 of IT Act,1961, holding that the reassessment proceeding is bad in law.” 3. The brief

TATA COMMUNICATIONS LTD (FORMERLY VIDESH SANCHAR NIGAM LTD),MUMBAI vs. ADDL CIT RG 1(3), MUMBAI

In the result, Department’s appeal is dismissed

Bench: Shri Saktijit Dey & Shri Ramit Kochar

depreciation by treating certain assets as computers instead of plant & machinery. Accordingly, after recording reasons for formation of belief that income has escaped assessment or has been under assessed, AO issued a notice under section 148 of the Act on 30.03.06. During the reassessment

ACIT 1(3), MUMBAI vs. TATA COMMUNICATIONS LTD ( FOPRMERLY KKNOWN AS VIDESH SANCHAR NIGAM, LTD), MUMBAI

In the result, Department’s appeal is dismissed

Bench: Shri Saktijit Dey & Shri Ramit Kochar

depreciation by treating certain assets as computers instead of plant & machinery. Accordingly, after recording reasons for formation of belief that income has escaped assessment or has been under assessed, AO issued a notice under section 148 of the Act on 30.03.06. During the reassessment

MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTECHEM TECHNOLOGIES LTD ) ,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS)-50, MUMBAI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2015-16 Mahadhan Agritech Ltd. (Formerly Cit(A)-50, Dcit Cen. 8(1), Known As Smartchem Technologies 656, Aayakar Bhavan, Vs. Ltd.), Mumbai-400021. Survey No. 93, Sai Hira, Mundhwa, Pune-411036. Pan No. Aacca 5046 P Appellant Respondent

reassessment assailed in relation to addition of depreciation of depreciation and provision for doubtful debts and provision for doubtful debts

DCIT 2(1), MUMBAI vs. CHENNAI CONTINER TERMINAL P.LTD, MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

CHENNAI CONTAINER TERMINAL P. LTD,MUMBAI vs. ACIT 2(1), MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

DCIT 2(1), MUMBAI vs. CHENNAI CONTINER TERMINAL P.LTD, MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

CHENNAI CONTAINER TERMINAL P. LTD,MUMBAI vs. DCIT 2(1), MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

DCIT-14.1.1, MUMBAI vs. AMCOR FLEXIBLES INDIA PVT. LTD, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SMT RENU JAUHRI (Accountant Member)

reassessment proceedings as well as on the merits of disallowance of depreciation on goodwill. On validity of reassessment proceedings, it was submitted

DCIT -5(2)(2), MUMBAI vs. M/S. MORRIES ENERGY LTD., MUMBAI

The appeal stands dismissed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकर अपील सं./ I.T.A. No.5227/Mum/2019 (िनधा"रण वष" / Assessment Year: 2012-13) Dcit-5(2)(2) M/S Morries Energy Limited बनाम/ 5Th Floor, 571, Aaykar Bhawan 11-A, Embassy Apartments Vs. M.K.Road, Mumbai – 400 020 46, Nepean Sea Road, Mumbai-36 Pan No. : Aabcg-4831-B (अपीलाथ"/Appellant) (""थ" / Respondent) : Assessee By : Ms. Poonam Agnihotri – Ld. Ar Revenue By : Shri Rajendra Joshi– Ld. Sr. Dr सुनवाई की तारीख/ : 25/05/2021 Date Of Hearing घोषणा की तारीख / : 01/06/2021 Date Of Pronouncement आदेश / O R D E R

reassessment was that the assessee claimed depreciation of 100% on windmill having capacity of 1.25 mw which was so eligible

M/S. RAVI FOUNDATION ,MUMBAI vs. PR. CIT-17, MUMBAI

In the result, the appeal of the assessee is hereby allowed

reassess such income or recompute the loss or depreciation allowance" in Section 147 after the conditions for reassessment are satisfied

ROYAL WESTERN INDIA TURF CLUB,MUMBAI vs. PR. CIT -8, MUMBAI

In the result, appeal is allowed, as indicated above

Bench: Shri Saktijit Dey () & Shri Rajesh Kumar ()

reassess such income or recompute the loss or depreciation allowance" in Section 147 after the conditions for reassessment are satisfied

THE TATA POWER COMPANY LTD,MUMBAI vs. PR CIT 2, MUMBAI

In the result, appeal is allowed, as indicated above

Bench: Shri Saktijit Dey () & Shri Rajesh Kumar ()

reassess such income or recompute the loss or depreciation allowance" in Section 147 after the conditions for reassessment are satisfied

SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED ,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX (CENTRAL),-4, MUMBAI

In the result, the appeal of the assessee is allowed

reassess such income or recompute the loss or depreciation allowance' in section 147 after the conditions for reassessment are satisfied

INSTITUTE OF CHEMICAL TECHNOLOGY ,MUMBAI vs. ACIT (E)- I(1), MUMBAI

In the result, appeal of the assessee is allowed

reassess such income or recompute the loss or depreciation allowance' in section 147 after the conditions for reassessment are satisfied

ITO 2(1)(1), MUMBAI vs. AAA TECHNOLOGIES P.LTD, MUMBAI

Bench: Shri C.N. Prasad, Hon'Ble & Shri Manoj Kumar Aggarwal, Hon'Ble

reassessment disallowing depreciation on assets leased out by the assessee. The Ld. CIT(A) affirmed order of the Assessing Officer