H.K. ENTERPRISES,MUMBAI vs. DY CIT-CC-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

Income Tax Settlement Commission (ITSC) as mentioned herein below: A.Y Adhoc Disallowance Further adhoc Total Additional of business disallowance of Income

H.K. ENTERPRISES,MUMBAI vs. DY CIT - CC-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

Income Tax Settlement Commission (ITSC) as mentioned herein below: A.Y Adhoc Disallowance Further adhoc Total Additional of business disallowance of Income

H.K.ENTERPRISES,MUMBAI vs. DCIT, CENTRAL CIRCLE-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

Income Tax Settlement Commission (ITSC) as mentioned herein below: A.Y Adhoc Disallowance Further adhoc Total Additional of business disallowance of Income

H.K. ENTERPRISES,MUMBAI vs. DY CIT-CC-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

Income Tax Settlement Commission (ITSC) as mentioned herein below: A.Y Adhoc Disallowance Further adhoc Total Additional of business disallowance of Income

H.K. ENTERPRISES,MUMBAI vs. DY CIT -CC-2(4), MUMBAI

In the result, all the eight appeals filed by the assessee are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

Income Tax Settlement Commission (ITSC) as mentioned herein below: A.Y Adhoc Disallowance Further adhoc Total Additional of business disallowance of Income

ESSEL MINING & INDUSTRIES LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - CENTRAL CIRCLE 1(4), MUMBAI

In the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2011-12 & Assessment Year: 2012-13 Essel Mining & Industries Ltd., Dy. Cit, Central Circle-1(4), Industry House, 18Th Floor, 10, 9Th Floor, Old Cgo Building, Camac Street, Vs. Mk Road, Kolkata-700017. Mumbai-400020. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 & Assessment Year: 2012-13 Jcit, Central Circle-1(4), M/S Essel Mining & Industries Room No. 902, Pratishtha Ltd., Bhavan, 9Th Floor, Old Cgo Vs. Industry House, 18Th Floor, 10, Building Annexe, Camac Street, Mumbai-400020. Kolkata-700017. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 M/S Essel Mining & Industries Dy. Cit, Central Circle-1(4), Ltd., 9Th Floor, Old Cgo Building, Vs. Industry House, 18Th Floor, 10, Mk Road

disallowance/ addition : (i) expenses related to exempt income related to exempt income u/s 10B of the Act (ii) disallowance u/s (ii) disallowance

ESSEL MINING & INDUSTRIES LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

In the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2011-12 & Assessment Year: 2012-13 Essel Mining & Industries Ltd., Dy. Cit, Central Circle-1(4), Industry House, 18Th Floor, 10, 9Th Floor, Old Cgo Building, Camac Street, Vs. Mk Road, Kolkata-700017. Mumbai-400020. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 & Assessment Year: 2012-13 Jcit, Central Circle-1(4), M/S Essel Mining & Industries Room No. 902, Pratishtha Ltd., Bhavan, 9Th Floor, Old Cgo Vs. Industry House, 18Th Floor, 10, Building Annexe, Camac Street, Mumbai-400020. Kolkata-700017. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 M/S Essel Mining & Industries Dy. Cit, Central Circle-1(4), Ltd., 9Th Floor, Old Cgo Building, Vs. Industry House, 18Th Floor, 10, Mk Road

disallowance/ addition : (i) expenses related to exempt income related to exempt income u/s 10B of the Act (ii) disallowance u/s (ii) disallowance

ELARA CAPITAL (INDIA) PRIVATE LIMITED,MUMBAI vs. ACIT- CIRCLE 6(2)(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2017-18 Elara Capital (India) Pvt. Ltd., The Acit-Circle 6(2)(2), Tower 3, 21St Floor, One Room No. 506, 5Th Floor, Vs. International Center, Senapati Aayakar Bhavan, Maharshi Bapat Marg, Elphinstone Karve Road, Mumbai- Road (West), Mumbai-400013. 400020. Pan No. Aabce 6487 B Appellant Respondent

disallowing expenses by invoking provisions of section 14A r.w.r 8D of the Act. Thus, addition made by the AO amounting r.w.r 8D of the Act. Thus, addition made by the AO amounting r.w.r 8D of the Act. Thus, addition made by the AO amounting to Rs. 32,90,000 / to Rs. 32,90,000 /- is confirmed. Therefore, appeal on this

ASIA INVESTMENTS PVT.. LTD.,MUMBAI vs. DCIT ,CIRCLE 2 (1)(1), MUMBAI

In the result, all the three appeal

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

income at 51,19,60,630/-, after making various additions and disallowances as set out in the making various additions

RAJBALI VISHWANATH MAURYA,MUMBAI vs. ACIT 23(3), MUMBAI

In the result, assessee’s appeal is allowed

Bench: Shri Saktijit Dey & Shri Nabin Kumar Pradhan

additional income which was actually followed up by declaring the amount promised in the return of income and has also paid the tax due on such income, in all fairness, the Department should have accepted it and avoided unnecessary litigation with the assessee. With the aforesaid observations, we dismiss ground no.1, raised by the Department. 11. In ground no.2

DCIT 2(3), MUMBAI vs. M/S. TATA SONS LTD., MUMBAI

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

Bench: Shri Sanjay Garg & Shri Ashwani Tanejaassessment Year: 2001-02 Tata Sons Ltd. Acit Cir. 2(3) Bombay House, 24, Homi Aayakar Bhavan, Roon बनाम/ Mody Street No.555 M.K. Rd. Vs. Mumbai-400001 Mumbai-400020 (Appellant) (Revenue) P.A. No. Aaact4060A Assessment Year: 2001-02

income should be restricted to 1 crore as against 2% of such expenses disallowed by the AO.” 2. During the course of hearing, arguments were made by Shri Dinesh Vyas, Authorised Representative (Sr. Counsel) on behalf of the Assessee and by Shri K. Srisha Murthy, Departmental Representative (CIT-DR) on behalf of the Revenue. 3. During the course of hearing

M/S. TATA SONS LTD.,MUMBAI vs. ACIT CIR 2(3), MUMBAI

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

Bench: Shri Sanjay Garg & Shri Ashwani Tanejaassessment Year: 2001-02 Tata Sons Ltd. Acit Cir. 2(3) Bombay House, 24, Homi Aayakar Bhavan, Roon बनाम/ Mody Street No.555 M.K. Rd. Vs. Mumbai-400001 Mumbai-400020 (Appellant) (Revenue) P.A. No. Aaact4060A Assessment Year: 2001-02

income should be restricted to 1 crore as against 2% of such expenses disallowed by the AO.” 2. During the course of hearing, arguments were made by Shri Dinesh Vyas, Authorised Representative (Sr. Counsel) on behalf of the Assessee and by Shri K. Srisha Murthy, Departmental Representative (CIT-DR) on behalf of the Revenue. 3. During the course of hearing

J M MHATRE INFRA PVT LTD.,,MUMBAI vs. ACIT, CC-1, THANE

In the result, appeal of the assessee is partly allowed

additional disallowance of depreciation in the return of income filed u/s.153A and moreover this addition is not based on any incriminating

J M MHATRE INFRA PVT LTD.,PANVEL vs. ACIT, CC-1, THANE

In the result, appeal of the assessee is partly allowed

additional disallowance of depreciation in the return of income filed u/s.153A and moreover this addition is not based on any incriminating

J M MHATRE INFRA PVT LTD.,,PANVEL vs. ACIT, CC-1 , THANE

In the result, appeal of the assessee is partly allowed

additional disallowance of depreciation in the return of income filed u/s.153A and moreover this addition is not based on any incriminating

J M MHATRE INFRA PVT LTD.,PANVEL vs. ACIT, CC-1, THANE

In the result, appeal of the assessee is partly allowed

additional disallowance of depreciation in the return of income filed u/s.153A and moreover this addition is not based on any incriminating

TATA MOTORS LTD,MUMBAI vs. ACIT 2(3), MUMBAI

In the result, appeal of the assessee is partly allowed

Bench: Shri Vikas Awasthy& Shri S.Rifaur Rahmanआअसं.631/मुं/2013 (िन.व. 2008-09) Tata Motors Limited Bombay House, 24,Homi Mody Street, Hutama Chowk, Mumbai – 400001. Pan: Aaact-2727-Q ...... अपीलाथ"/Appellant बनाम Vs. The Addl. Commissioner Of Income Tax Circle -2(3), Mumbai. Aaykar Bhavan, M.K.Road, Mumbai – 400 020 ....."ितवादी/Respondent अपीलाथ" "ारा/ Appellant By : Shri J.D.Mistry, Sr.Advocate With Shri Nikhil Tiwari,Advocate "ितवादी "ारा/Respondent By : Ms. Vatsala Jha, Cit-Dr & Shri Manoj Kumar Singh, Sr.Ar सुनवाई की ितिथ/ Date Of Hearing : 10/11/2023 घोषणा की ितिथ/ Date Of Pronouncement : 05/02/2024 आदेश/Order Per Vikas Awasthy, Jm:

disallowed by the Assessing Officer while completing assessment under section 143(3) of r/w section 147 of the Act. Therefore, it amounts to double addition of the same income

ADDL CIT 1(3), MUMBAI vs. TATA COMMUNICATIONS LTD ( FORMERLY VIDESH SANCHAR NIGAM LTD), MUMBAI

In the result, the appeal of the assessee in ITA No

Bench: Shri Mahavir Singh, Jm & Shri M.Balaganesh, Am Additional Commissioner Vs. M/S. Tata Communications Of Income Tax, Range – Limited (Formerly Known As 1(3) Videsh Sanchar Nigam Limited) Mumbai Videsh Sanchar Bhavan Room No.540/564, 5 Th M.G.Road, Fort Floor, Aayakar Bhavan, Mumbai – 400 001 Maharshi Karve Road, New Marine Linmes Mumbai – 400 020 Pan/Gir No.Aaacv2808C (Appellant) .. (Respondent) & M/S. Tata Communications Vs. Additional Commissioner Of Limited (Formerly Known As Income Tax, Range – 1(3) Videsh Sanchar Nigam Mumbai Limited) Room No.540, Aayakar Videsh Sanchar Bhavan Bhavan, Maharshi Karve M.G.Road, Fort Road Mumbai – 400 001 Mumbai – 400 020 Pan/Gir No.Aaacv2808C (Appellant) .. (Respondent) M/S. Tata Communications Ltd.

Income Tax, Range - 1(3), Mumbai. In the course of assessment proceedings, the ld AO after examining the books of accounts and other materials on record made number of additions / disallowances