TATA SOCIAL WELFARE TRUST,MUMBAI vs. PR CIT 17, MUMBAI

Bench: Us, Are As Follows: Assessment Year: 2019-20

3. However, it is seen from the records that you have violated statutory obligations as regards the mode of investment of your fund as per section 11(5) of the Income Tax Act, 1961 and further consistently been hit by the Section 13(1)(d) and 13(2)(h) of the Income Tax Act, Assessment Year: 2019-20 Page

SARVAJANIK SEVA TRUST ,MUMBAI vs. PR CIT 17, MUMBAI

Bench: Us, Are As Follows: Assessment Year: 2019-20

3. However, it is seen from the records that you have violated statutory obligations as regards the mode of investment of your fund as per section 11(5) of the Income Tax Act, 1961 and further consistently been hit by the Section 13(1)(d) and 13(2)(h) of the Income Tax Act, Assessment Year: 2019-20 Page

R D TATA TRUST,MUMBAI vs. PR CIT 17, MUMBAI

Bench: Us, Are As Follows: Assessment Year: 2019-20

3. However, it is seen from the records that you have violated statutory obligations as regards the mode of investment of your fund as per section 11(5) of the Income Tax Act, 1961 and further consistently been hit by the Section 13(1)(d) and 13(2)(h) of the Income Tax Act, 4. In view of the above

TATA EDUCATION TRUST,MUMBAI vs. PR CIT 17, MUMBAI

3. However, it is seen from the records that you have violated statutory obligations as regards the mode of investment of your fund as per section 11(5) of the Income Tax Act, 1961 and further consistently been hit by the Section 13(1)(d) and 13(2)(h) of the Income Tax Act, 4. In view of the above

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

3), the assessee preferred an appeal before the First Appellate Authority (FAA), but the again the contentions raised before the ld. CIT(A) could not succeed. Accordingly, the addition under section 164(2) of the Act for Rs. 2,99,17,200/- was sustained, the assessee’s contention to allow the exemption claimed under section 10(34) was denied, however

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

section 11 of the Income Tax Act provides for deduction capital expenditure Income Tax Act provides for deduction capital expenditure Income Tax Act provides for deduction capital expenditure incurred on assets acquired for the objects of the trust as incurred on assets acquired for the objects of the trust as incurred on assets acquired for the objects of the trust

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

depreciation allowance or any\nother allowance, as the case may be, for the assessment\nyear concerned (hereafter in this section and in sections\n148 to 153 referred to as the relevant assessment year) :\nProvided that where an assessment under sub-section (3)\nof section 143 or this section has been made for the\nrelevant assessment year, no action shall

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -3(2)(2), MUMBAI

depreciation allowance or any\nother allowance, as the case may be, for the assessment\nyear concerned (hereafter in this section and in sections\n148 to 153 referred to as the relevant assessment year) :\n\nProvided that where an assessment under sub-section (3)\nof section 143 or this section has been made for the\nrelevant assessment year, no action shall

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

depreciation allowance or any\nother allowance, as the case may be, for the assessment\nyear concerned (hereafter in this section and in sections\n148 to 153 referred to as the relevant assessment year) :\nProvided that where an assessment under sub-section (3)\nof section 143 or this section has been made for the\nrelevant assessment year, no action shall

ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI vs. NAVJBAI RATAN TATA TRUST, MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

NAVJBAI RATAN TATA TRUST,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

NAVJBAI RATAN TATA TRUST,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI vs. NAVJBAI RATAN TATA TRUST, MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

NAVJBAI RATAN TATA TRUST,MUMBAI vs. ADDITIONAL DIRECTOR OF INCOME TAX (EXEMPTIONS) RANGE-II(NOW ASSESSED BY THE ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

NAVJBAI RATAN TATA TRUST,MUMBAI vs. ADDITIONAL DIRECTOR OF INCOME TAX (EXEMPTIONS) RANGE-II(NOW ASSESSED BY THE ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI vs. NAVJBAI RATAN TATA TRUST, MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI vs. NAVJBAI RATAN TATA TRUST, MUMBAI

In the result, appeal by the Revenue being ITA No

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

3) levied interest amounting to Rs. 1,31,82,694 under section 234C of the Act. 7.2 During the course of hearing, learned counsel submitted that assessee trust had filed NIL return of income on 28.09.2011 and therefore no interest is leviable under section 234C of the Act. On the other hand, learned D.R. vehemently opposed such submission

THE NEW INDIA ASSURANCE CO. LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX , INCOME TAX OFFICER, NFAC, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

Bench: "CLEAN_TEXT": "IN THE INCOME TAX APPELLATE TRIBUNAL\n\"I\" BENCH, MUMBAI\n\nSHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER\nSHRI RAHUL CHAUDHARY (Judicial Member)

depreciation allowance or any\nother allowance, as the case may be, for the assessment\nyear concerned (hereafter in this section and in sections\n148 to 153 referred to as the relevant assessment year) :\n\nProvided that where an assessment under sub-section (3)\nof section 143 or this section has been made for the\nrelevant assessment year, no action shall