LEGAL HEIRS OF LATE SHREEVALLABH DAMANI,MUMBAI vs. ACIT CEN CIR 11, MUMBAI

In the result, the appeals are allowed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

245D, on the basis of such order; (f) where an assessment of undisclosed income had been made earlier under clause (c) of section 158BC, on the basis of such assessment. Explanation.—For the purposes of determination of undisclosed income,— (a) the total income or loss of each previous year shall, for the purpose of aggregation, be taken as the total

LEGAL HEIRS OF LATE SHREEVALLABH DAMANI,MUMBAI vs. ACIT CEN CIR 11, MUMBAI

In the result, the appeals are allowed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

245D, on the basis of such order; (f) where an assessment of undisclosed income had been made earlier under clause (c) of section 158BC, on the basis of such assessment. Explanation.—For the purposes of determination of undisclosed income,— (a) the total income or loss of each previous year shall, for the purpose of aggregation, be taken as the total

GRASIM INDUSTRIES LTD ( CORPORATE FINANCE DIVISION),MUMBAI vs. ADDL CIT RG 6(3), MUMBAI

Bench: the CIT(A). The CIT(A) partly allowed the appeal preferred by the Assessee vide order, dated 18/05/2009. 4. Not being satisfied with the relief granted by the Id. CIT(A), the Assessee has preferred appeal before this Tribunal. The Revenue has also filed cross-appeal challenging the relief granted by the Id. CIT(A).

depreciation of INR.5,88,509/-. Ground No. 2 to 2.2 raised the Assessee are allowed. 8. Ground No. 3. “3. Disallowance u/s.40(a)(ia) 3.1. On the facts and circumstances of the case and in law, the CIT (A) erred in upholding the action of AO in disallowing the liability of Rs. 1,74,35,896/- towards year-end expenses

M/S. STANDARD CHARTERED BANK,MUMBAI vs. THE ACIT (IT)1(3), MUMBAI

In the result, appeal filed by the assessee is allowed and appeal filed by the Revenue is dismissed

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blestandard Chartered Bank V. Acit – Range-1(3) Taxation Department, 23-25 Scindia House, Ballard Estate M.G. Road, 3Rd Floor N.M. Marg, Mumbai - 400038 Fort, Mumbai - 400001 Pan: Aabcs4681D (Appellant) (Respondent) Adit (It)– 2(3) V. Standard Chartered Bank Room No. 120, 1St Floor Taxation Department, 23-25 Scindia House, Ballard Estate M.G. Road, 3Rd Floor N.M. Marg, Mumbai - 400038 Fort, Mumbai - 400001 Pan: Aabcs4681D (Appellant) (Respondent) Shri P.J. Pardiwala & Assessee Represented By : Shri Fenil Bhatt Shri Soumendu Kumar Dash Department Represented By :

depreciation. Looking to the nature of the advantage which the assessee obtained in a commercial sense, expenditure appears to be revenue expenditure. The test for distinguishing between capital expenditure and revenue expenditure in our country was laid down by this Court in Assam Bengal Cement Co. Ltd. v. Commissioner of Income-tax, West 12 ITA NO. 803 & 850/MUM/2009

ACIT 6(3), MUMBAI vs. GRASIM INDUSTRIES LTD, MUMBAI

245D, the amount on which interest was payable\nunder sub-section (1) has been increased or reduced, as the\ncase may be, the interest shall be increased or reduced\naccordingly, and in a case where the interest is reduced, the\nAssessing Officer shall serve on the assessee a notice of\ndemand in the prescribed form specifying the amount

WIND WORLD INDIA LTD.,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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

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

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

WIND WORLD INDIA LTD.,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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

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

245D (4) of the Act on 30 January 2016 and therefore, the assessment proceedings were M/s Wind World India Ltd; A.Y. 07-08, 10-11 to 14-15 revived. Notice under Section 153A of the Act was issued on 28th January, 2014 which was not replied to and therefore, the learned Assessing Officer proceeded to make the assessment. The learned

DCIT CC 6(4), MUMBAI vs. DHANI SERVICES LTD (PREVIOUSLY KNOWN AS INDIABULLS VENTURES LTD. PRIOR TO THAT KNOWN AS INDIA BULLS VENTURES LTD, DELHI

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

depreciation and of ESOP expenses. Therefore the grounds raised in this regard in all the appeals are dismissed as not pressed. Addition under Section 69C 8. During the course of the assessment proceedings, the AO observed that a search at the premises of Indiabulls group was conducted on 13.07.2016. The entry found from the print out of MS Excel

DCIT CC 6(4), MUMBAI vs. DHANI SERVICES LTD (PREVIOUSLY KNOWN AS INDIABULLS VENTURES LTD. PRIOR TO THAT KNOWN AS INDIA BULLS VENTURES LTD, DELHI

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

depreciation and of ESOP expenses. Therefore the grounds raised in this regard in all the appeals are dismissed as not pressed. Addition under Section 69C 8. During the course of the assessment proceedings, the AO observed that a search at the premises of Indiabulls group was conducted on 13.07.2016. The entry found from the print out of MS Excel