ACIT, CIRCLE - 3 3 1, MUMBAI vs. JAMNAGAR UTILITIES AND POWER PVT LTD, MUMBAI

In the result, both the appeals of the Revenue are allowed\npartly

37. However, the CSR\nexpenditure which is of the nature described in Section 30 to Section\n36 of the Act shall be allowed deduction under those sections subject\nto ulfillment of conditions, if any, specified therein.\"\n13. From the above it is clear that under Income tax Act, certain\nprovisions explicitly state that deductions for expenditure would be\nallowed while

GOLDMAN SACHS (INDIA) FINANCE PRIVATE LIMITED,MUMBAI vs. ASSESSMENT UNIT, INCOME-TAX DEPARTMENT, NEW DELHI

In the result, the appeal by the assessee is partly allowed for statistical\npurposes

depreciation as defined under section 32\nof the Act, instead the same partakes the nature of reimbursement of\nexpenses and since such expenses were incurred wholly for the purpose of\nthe business of the assessee, the same should be allowed under section 37

JEWELEX INDIA PRIAVTE LIMITED,MUMBAI vs. DCIT CIRCLE-14(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankarjewelex India Private V/S. Deputy Commissioner Of Limited बनाम Income Tax, Circle – 401 Trade Centre, Bandra 14(1)(1), Aayakar Bhavan, Kurla Complex, Bandra Maharishi Karve Marg, (East), Mumbai – 400 098, Mumbai – 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aabcj4523H Appellant/अपीलार्थी .. Respondent/प्रतिवादी

37(1) of the Act. Accordingly, ITA No. 1710/PUN/2023 is also dismissed. 9.In the result, appeals of the revenue are dismissed." Considering the fact that view taken by assessing officer while allowing 50% of donation under section 80G out of CSR expenses are in accordance with the decisions of various benches of Tribunal. Thus, the view taken by assessing officer

JOINT COMMISSIONER OF INCOME TAX (OSD)-I/C DCIT CIRCLE 8(3)(1), MUMBAI vs. M/S TATA AIG GENERAL INSURANCE CO. LTD, MUMBAI

37(1) of the Income Tax Act, 1961, when the same was in violation of section 101A(7) r.w.s. 2(9) of the Insurance Act?\"\nc) \"Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred by upholding that the provisions of section 40(a)(i) of the Income

JOINT COMMISSIONER OF INCOME TAX OSD IN SITU CIRCLE 131, MUMBAI vs. TATA CAPITAL HOUSING FINANCE LIMITED, MUMBAI

In the result, both the appeals of the Revenue are\ndismissed

37. However, the CSR expenditure which is of the\nnature described in section 30 to section 36 of the Act shall be allowed deduction\nunder those sections subject to fulfilment of conditions, if any, specified therein.\"\n13. From the above it is clear that under Income tax Act, certain provisions explicitly\nstate that deductions for expenditure would be allowed while

JOINT COMMISSIONER OF INCOME TAX OSD IN SITU CIRCLE 131 , MUMBAI vs. TATA CAPITAL HOUSING FINANCE LIMITED, MUMBAI

In the result, both the appeals of the Revenue are\ndismissed

37. However, the CSR expenditure which is of the\nnature described in section 30 to section 36 of the Act shall be allowed deduction\nunder those sections subject to fulfilment of conditions, if any, specified therein.\"\n13. From the above it is clear that under Income tax Act, certain provisions explicitly\nstate that deductions for expenditure would be allowed while

TATA COMMUNICATIONS LIMITED,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX, MUMBAI

In the result, the question of law referred to the Special Bench is answered in favour of the assessee

Bench: Shri Saktijit Dey & Shri Arun Khodpiatata Communications Limited Pr. Cit, Videsh Sanchar Bhavan, Mumbai-1 Vs. M. G. Road, Fort, Mumbai-400 001 Pan/Gir No. Aaacv 2808 C (Appellant) : (Respondent) Appellant By : Shri J. D. Mistri Respondent By : Shri Ritesh Misra, Cit Dr Date Of Hearing : 25.09.2025 Date Of Pronouncement : 25.09.2025 O R D E R Per Saktijit Dey: The Present Appeal, At The Instance Of The Assessee, Assails Order Dated 21.03.2025, Passed U/S. 263 Of The Income Tax Act, 1961 (‘The Act’ For Short), By Learned Principal Commissioner Of Income Tax (‘Ld. Pcit’ For Short), Pertaining To The Assessment Year (A.Y.) 2018-19. 2. Though The Assessee Has Raised Multiple Grounds, Both On Jurisdictional Issues As Well As On Merits, However, There Is Consensus Between The Parties That The Appeal Can Be Decided On Merits, In Which Event, There Is No Need To Go Into Various Other Issues Raised In Appeal.

37. The ratio of the aforesaid decision is that once depreciable asset forming part of block of assets within the meaning Section

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 1, THANE, ASHAR IT PART, WAGLE INDUSTRIAL ESTATE, THANE WEST vs. MAHYCO MONSANTO BIOTECH (INDIA) PRIVATE LIMITED, SANDOZBAUGH SO THANE

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

depreciation and development rebate.\n• Section 35 grants deduction on expenditure for scientific research and knowledge extension in\nnatural and applied sciences under agriculture, animal husbandry and fisheries. Payment to approved\nuniversities/research institutions or A. Y : 2016 - 17 company also qualifies for deduction. In-house\nR&D is eligible for deduction, under this section. • Section 35CCD provides deduction for skill

STRIDES PHARMA SCIENCE LIMITED,MUMBAI vs. INCOME TAX OFFICER, 15(3)(2),, MUMBAI

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

37. However, the CSR expenditure which is of the\nnature described in section 30 to section 36 of the Act shall be allowed\ndeduction under those sections subject to fulfilment of conditions, if any,\nspecified therein.\"\n13. From the above it is clear that under Income tax Act, certain provisions explicitly\nstate that deductions for expenditure would be allowed while

SAMIR NARAIN BHOJWANI ,MUMBAI vs. DCIT 4(2)(1), MUMBAI

Appeal of the assessee is allowed for statistical purposes and the appeal of the revenue is dismissed

Bench: Shri Anikesh Banerjee, Jm & Ms Padmavathy S, Am

37. The ratio of the aforesaid decision is that once depreciable asset forming part of block of assets within the meaning Section

B. ARUNKUMAR CAPITAL & CREDIT SERVICES PVT LTD ,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX 3, MUMBAI

In the result the appeal filed by the assessee stands partly\nallowed

37. However, the CSR expenditure which is of the nature\ndescribed in section 30 to section 36 of the Act shall be allowed\ndeduction under those sections subject to fulfilment of conditions, if any,\nspecified therein.\"\n14. From the above it is clear that under Income tax Act, certain\nprovisions explicitly state that deductions for expenditure would be\nallowed while

ABM KNOWLEDGEWARE LIMITED,MUMBAI vs. ASSESSING OFFICER CIRCLE 4(1)(1), MUMBAI

In the result, the appeal filed by the assessee stands partly\nallowed

37. However, the CSR\nexpenditure which is of the nature described in section 30 to section 36 of\nthe Act shall be allowed deduction under those sections subject to\nfulfilment of conditions, if any, specified therein.\"\n14. From the above it is clear that under Income tax Act, certain provisions\nexplicitly state that deductions for expenditure would be allowed while

ACIT-6(1)(1), MUMBAI, MUMBAI vs. ADITYA BIRLA SUN LIFE AMC LTD., MUMBAI

In the result, the appeal by the Revenue is partly allowed

Bench: Shri Narendra Kumar Billaiyashri Sandeep Singh Karhailaditya Birla Sun Life Amc Ltd., Tower 1, Jupiter Mill Compound, 17Th Floor, One World Center, 841, Senapati Bapat Marg, ............... Appellant Mumbai - 400013 Pan : Aaacb6134D V/S

37. However, the CSR expenditure which is of the nature described in section 30 to section 36 of the Act shall be allowed deduction under those sections subject to fulfilment of conditions, if any, specified therein." 13. From the above it is clear that under Income tax Act, certain provisions explicitly state that deductions for expenditure would be allowed while

STATE BANK OF INDIA,MUMBAI vs. ADDL CIT RG 2(2), MUMBAI

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed, as indicated above

Bench: Sri Mahavir Singh, Vp & Sri G Manjunatha, Am आयकर अपील सुं./ Ita No. 3644/Mum/2016 (ननर्ाारण वर्ा / Assessment Year 2008-09) State Bank Of India The Dy. Commissioner Of 3Rd Floor, Corporate Centre Income Tax, Circle -2(2)(1) बनाम/ Madam Cama Road Mumbai Vs. Nariman Point Mumbai-400021 (अपीलार्थी / Appellant) (प्रत्यर्थी/ Respondent) स्र्थायी लेखा सुं./Pan No. Aaacs8577K

section 80HHC of the Act. The Supreme Court held that the profit earned by valuing finished goods is notional imaginary profit which could not be taxed. In view of the above, it is argued that appreciation in value of investments cannot be taken into account. The netting off of appreciation against the depreciation within a classification is therefore contrary

GLITCH MEDIA PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - 1(3)(1), MUMBAI

In the result the appeal filed by the assessee stands partly\nallowed

37. However, the CSR expenditure which is of the nature\ndescribed in section 30 to section 36 of the Act shall be allowed\ndeduction under those sections subject to fulfilment of conditions, if any,\nspecified therein.\"\n14. From the above it is clear that under Income tax Act, certain\nprovisions explicitly state that deductions for expenditure would be\nallowed while

ANUNTA TECHNOLOGY MANAGEMENT SERVICES LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 4(1)(1), MUMBAI

In the result, the appeal by the assessee is allowed

Bench: Shri Narendra Kumar Billaiyashri Sandeep Singh Karhailanunta Technology Management Services Ltd., Level – 2, Block – 6, Nirlon Knowledge Park, Goregaon East, S.O. Mumbai ............... Appellant Mumbai - 400063 Pan : Aakca6159M V/S Dcit – 4(1)(1), ……………… Respondent Mumbai Assessee By : Shri K.K. Ved Revenue By : Shri Rajesh Kumar Yadav, Cit-Dr

depreciation and allowances are dealt with in section 32, therefore, the parliament has used expression "any expenditure" in section 37

ADITYA BIRLA SUN LIFE AMC LIMITED,MUMBAI vs. ASSESSMENT UNIT, INCOME-TAX DEPARTMENT, NATIONAL FACELESS ASSESSMENT CENTRE (NFAC), DELHI

In the result, the appeal by the Revenue is partly allowed

37. However,\nthe CSR expenditure which is of the nature described in section 30 to section 36 of\nthe Act shall be allowed deduction under those sections subject to fulfilment of\nconditions, if any, specified therein.\"\n13. From the above it is clear that under Income tax Act, certain provisions\nexplicitly state that deductions for expenditure would be allowed while

LEARININGMATE SOLUTIONS PRIVATE LIMITED,MUMBAI vs. LD PRINCIPLE COMMISSIONER OF INCOME TAX-2, MUMBAI

depreciation and allowances are dealt with in section 32, therefore, the parliament has used expression "any expenditure" in section 37