DCIT CEN 5 3, MUMBAI, MUMBAI vs. ICICI LOMBARD GENERAL INSURANCE CO. LIMITED, MUMBAI

In the result, appeals of the Revenue are allowed partly

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

14,67,970/- under section 10(34); and long under section 10(34); and long-term capital gains term capital gains of ₹106,35,11,223/- under section 10(38) of the Act. under section 10(38) of the Act. The Assessing Officer, however, was of Officer, however, was of the view that by virtue of section

DCIT CEN 5 3, MUMBAI vs. ICICI LOMBARD GENERAL INSURANCE CO. LIMITED, MUMBAI

In the result, appeals of the Revenue are allowed partly

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

14,67,970/- under section 10(34); and long under section 10(34); and long-term capital gains term capital gains of ₹106,35,11,223/- under section 10(38) of the Act. under section 10(38) of the Act. The Assessing Officer, however, was of Officer, however, was of the view that by virtue of section

RAMKRISHNA BAJAJ CHARITABLE TRUST,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 26(1), MUMBAI, MUMBAI

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

14 Ramkrishna Bajaj Charitable Trust 8, inner Para 11.5, Page 8 of the decision). Even otherwise, since the Appellant has not claimed exemption under Section 11 of the Act, there is no question of violation of the provisions of Section 13 of the Act.” 9. Per contra, the ld. CIT-DR vehemently supported the orders of revenue authorities and requested

.DCIT., CIR.-4(2),MUMBAI vs. M.M. POONJIAJI SPICES LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

INCOME TAX OFFICER 4(2)(4), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

ITO - 4(2)(4), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

ITO - 4(2)(2), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

I.T.O-4(2)(4), MUMBAI vs. M/S M.M.POONJIAJI SPICES LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

ACIT CIR 4(2), MUMBAI vs. M .M. POONJIAJI SPICES LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

ITO - 4(2)(4), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

14. The learned AO further noted that assessee is in the business of preparing pickles, based, chutney which both on the facts and in law does not amount to manufacture or production. The preparation of pickles involves mixing of cut fruits, vegetables, masala, green chilis ITA Nos.2943, 4987, 4988 & 6523/MUM/2008, 6537/MUM/2006, 5539 & 5047/MUM/2009, 3409/MUM/2011, 755/MUM/2012 M.M. Poonjiaji Spices Ltd,A.Y.2001-02

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

DCIT - CC 3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred

DCIT - CC 3 (1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

Section 43B 3. on the facts in the circumstances of the appellant’s case and in law the learned CIT (A) erred in confirming the AO’s action of disallowing set-off of brought forward loss of ₹ 336,508,609/– 4. on the facts and circumstances of the appellant’s case and in law the learned CIT (A) erred