KPMG ADVISORY SERVICES PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE-6(1)(2), MUMBAI
In the result, all the appeals of the assessee are allowed
ITA 5394/MUM/2024[2012-13]Status: DisposedITAT Mumbai13 Feb 2025AY 2012-13
Bench: Shri Amarjit Singh & Shri Anikesh Banerjeeita No. 5395/Mum/2024 (A.Y. 2012-13) Ita No. 5393/Mum/2024 (A.Y. 2015-16) M/S. Kpmg Advisory Services Dcit, Circle – 6(1)(2), Private Limited Aaykar Bhavan, M.K. Road, Churchgate, 2Nd Floor, Block T2 (B Wing), Mumbai Vs. Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai
For Appellant: Shri Ajit Jain a/w Shri Siddhesh Chaugule &For Respondent: Shri Hemanshu Joshi, Sr. DR
Section 143(2)Section 143(3)Section 250Section 40A(2)(b)Section 40A(2)(h)
Depreciation
2,286.36
237.68
Insurance-General
25.57
2.66
Total
10,185.59
1058.85
4. The assessee also submitted that the amount has been recovered on cost to cost basis and on the same basis as has been charged to other sub-licensees whose relationship with KPMG was not covered within the meaning of section 40A(2)(b
