DY CIT CC 6 (3), MUMBAI vs. M/S KARANJA TERMINAL AND LOGISTICS PVT LTD., MUMBAI

The appeals of the revenue are dismissed

Bench: Shri Shamim Yahya () & Shri Ravish Sood () Ita Nos.6897 & 6898/Mum/2019 (Assessment Years: 2011-12 & 2012-13)

depreciation the income of the assessee was assessed at Rs.9,66,11,510/-. It is the claim of the assessee that not a single rupee from the interest receivable was received by it. As per the return of income filed by the assessee company the self-assessment tax had remained payable and was not paid at the time of filing

HEWLETT PACKARD FINANCIAL SERVICES (INDIA) P. LTD,BANGALORE vs. ASST CIT CIR 2(1)(2), BANGALURU

Accordingly, the ground is dismissed as not pressed

Bench: Smt Beena Pillai, Jm &\Nms Padmavathy S, Am\Ni.T.A. No. 915/Mum/2017\N(Assessment Year: 2011-12)\Nhewlett Packard Financial\Nservices (India) Pvt. Ltd.,\N24, Salarpuria Arena, Hosur Main\Nroad, Adugodi, Bangalore-560030.\Npan: Aabcc5967C\Nappellant)\Nassessee By\Nrevenue By\Ndate Of Hearing\Ndate Of Pronouncement\Nacit, Circle-2(1)(2),\Naayakar Bhavan,\Nvs. M.K. Road, Mumbai-400020.\N:\N:\N:\N:\Nrespondent)\Nshri Percy Pardiwala &\Nmr. Ninad Patade, Ar\Nshri Pravin Salunkhe, Sr. Dr\N22.09.2025\N21.10.2025\Norder\Nper Padmavathy S, Am:\Nthis Appeal By The Assessee Is Against The Order Of The Commissioner Of\Nincome Tax (Appeals)-4, Mumbai [In Short 'Cit(A)'] Passed Under Section 250 Of\Nthe Income Tax Act, 1961 (The Act) Dated 25.10.2016 For Assessment Years (Ay)\N2011-12. The Assessee Raised Grounds Pertaining To The Following Issues:\N(I) Disallowance Of Claim Of Depreciation On \"Hp Indigo Digital Press\Nprinter\" @ 60% - Ground No. 1.1 To 1.7\N(Ii) Treatment Of Ceased Liability As Income U/S 41 - Ground No. 2.1 To\N2.9\N(Iii) Disallowance Of Set Off Of Unabsorbed Depreciation - Ground\Nno. 3.1 To 3.9\N(Iv) Disallowance Of Provision For Tds Certificates & Addition To\Nbook Profits U/S.115Jb - Ground No.

3) but does not talk about the\nunabsorbed depreciation under section 32(2). After the combined perusal of the\nvarious provisions under the Act as discussed herein above, we are inclined to\nagree with the contention of the assessee that the requirement to file the return of\nincome within the due date under section 139(1) is not a condition

DCIT CENT. CIR. -5(3) (ERSTWHILE DCIT CENT. CIR. -36), MUMBAI vs. MODERN ROAD MAKERS PVT. LTD., MUMBAI

In the result appeal filed by the revenue is dismissed

Bench: Shri P.K. Bansal, Vice- & Shri Pawan Singhm/S Modern Road Makers Pvt. Acit, Central Circle-5(3), Ltd. 3Rd Floor, Irb Complex, Air India Building, 19Th Floor, Chandivali Farm, Chandivali Nariman Point, Mumbai-400021 Vs. Village, Andheri (East), (Formerly Assessed With Acit Mumbai-400072 Cc-36, Mumbai.) Pan: Aaacm3816F (Appellant) (Respondent) M/S Modern Road Makers Pvt. Acit, Central Circle-5(3), Ltd. 3Rd Floor, Irb Complex, Air India Building, 19Th Floor, Chandivali Farm, Chandivali Nariman Point, Mumbai-400021 Vs. Village, Andheri (East), ( Formerly Assessed With Acit Mumbai-400072 Cc-36, Mumbai.) Pan: Aaacm3816F (Appellant) (Respondent) M/S Modern Road Makers Pvt. Acit, Central Circle-5(3), Ltd. 3Rd Floor, Irb Complex, Air India Building, 19Th Floor, Chandivali Farm, Chandivali Nariman Point, Mumbai-400021 Vs. Village, Andheri (East), ( Formerly Assessed With Acit Mumbai-400072 Cc-36, Mumbai.) Pan: Aaacm3816F (Appellant) (Respondent)

3) read with section 153A as invalid, thus any consequence arise thereon has also become invalid. Even otherwise there is no material on record that the information on record that said machine or equipment for which depreciation was claimed is not put to use. The disallowance of depreciation on steel material under consideration is based on the addition on account

MODERN ROAD MAKERS P. LTD,MUMBAI vs. ACIT CEN CIR 36, MUMBAI

In the result appeal filed by the revenue is dismissed

Bench: Shri P.K. Bansal, Vice- & Shri Pawan Singhm/S Modern Road Makers Pvt. Acit, Central Circle-5(3), Ltd. 3Rd Floor, Irb Complex, Air India Building, 19Th Floor, Chandivali Farm, Chandivali Nariman Point, Mumbai-400021 Vs. Village, Andheri (East), (Formerly Assessed With Acit Mumbai-400072 Cc-36, Mumbai.) Pan: Aaacm3816F (Appellant) (Respondent) M/S Modern Road Makers Pvt. Acit, Central Circle-5(3), Ltd. 3Rd Floor, Irb Complex, Air India Building, 19Th Floor, Chandivali Farm, Chandivali Nariman Point, Mumbai-400021 Vs. Village, Andheri (East), ( Formerly Assessed With Acit Mumbai-400072 Cc-36, Mumbai.) Pan: Aaacm3816F (Appellant) (Respondent) M/S Modern Road Makers Pvt. Acit, Central Circle-5(3), Ltd. 3Rd Floor, Irb Complex, Air India Building, 19Th Floor, Chandivali Farm, Chandivali Nariman Point, Mumbai-400021 Vs. Village, Andheri (East), ( Formerly Assessed With Acit Mumbai-400072 Cc-36, Mumbai.) Pan: Aaacm3816F (Appellant) (Respondent)

3) read with section 153A as invalid, thus any consequence arise thereon has also become invalid. Even otherwise there is no material on record that the information on record that said machine or equipment for which depreciation was claimed is not put to use. The disallowance of depreciation on steel material under consideration is based on the addition on account

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

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

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. 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

THE ESTATE INVESTMENT COMPANY PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 8(1), MUMBAI

3012/Mum/2025

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

234B and 234C of the Act be deleted or consequently reduced. The appellant craves leave to add, amend, omit or alter the 5. above grounds of appeal before or during the hearing of the appeal. J. Department Appeal: ITA No. 3928/MUM/2025 AY 2015-16 The department has raised the following grounds of appeal 1.Whether on the facts and circumstances

THE ESTATE INVESTMENT COMPANY PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 8(1), MUMBAI

3) / 148 has been issued without DIN and therefore this Order passed by the AO is a nullity in law and the Appellants pray that the same be quashed.\n\n3. Without prejudice to the above, the CIT erred in holding that AO was right in making addition of Rs.4,20,000 relating to other receipts in diaries found during

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

234B and 234C of the Act. 7. It was argued by ld. AR that with respect of the assessment years 2004-05 & 2005-06, the AO has no jurisdiction to make addition u/s.153A r.w.s.143(3), insofar as no incriminating material was found during the limit for issue of notice u/s.143(2) have already been expired. In respect of assessment year

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

234B and 234C of the Act. 7. It was argued by ld. AR that with respect of the assessment years 2004-05 & 2005-06, the AO has no jurisdiction to make addition u/s.153A r.w.s.143(3), insofar as no incriminating material was found during the limit for issue of notice u/s.143(2) have already been expired. In respect of assessment year

BERMACO ENERGY SYSTEMS LTD,NAVI MUMBAI vs. DCIT CC 47, MUMBAI

In the result, appeal for A

234B and 234C of the Act. 7. It was argued by ld. AR that with respect of the assessment years 2004-05 & 2005-06, the AO has no jurisdiction to make addition u/s.153A r.w.s.143(3), insofar as no incriminating material was found during the limit for issue of notice u/s.143(2) have already been expired. In respect of assessment year

THE DY CIT 3(2), MUMBAI vs. M/S. NUCLEAR POWER CORPORATION OF INDIA LTD, MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 1998-99 & Assessment Year: 1999-2000 & Assessment Year: 2000-01 & Assessment Year: 2001-02 & Assessment Year: 2002-03 & Assessment Year: 2003-04 & Assessment Year: 2004-05 & Assessment Year: 2005-06 Nuclear Power Corporation Of Acit, Range-3(2), India Ltd., Aayakar Bhavan, M.K. Road, Vikram Sarabhai Bhavan, Vs. Mumbai-400021. Central Avenue, Anushakti Nagar, Mumbai-400094. Pan No. Aaacn 3154 F Appellant Respondent

section 2(7)(a) read with section 120(4)(b) of the Act, of section 2(7)(a) read with section 120(4)(b) of the Act, and therefore, the above mentioned assessment order, assessment order, which has been passed without authority of law, may which has been passed without authority of law, may be treated