DCIT CIR 3(2)(1), MUMBAI vs. MAHARASHTRA AIRPORT DEVELOPMENT COMPANY LTD, MUMBAI

business.\n5.\nThat Assessing officer has erred in considering Rs.\n14,52,17,933/- as income from other sources and thereby not allowing\nthe deduction u/s 80IAB of the Act.\n6.\nThe observation and findings of the Assessing Officer are\nincorrect and are based on surmises and conjectures and cannot be\njustified by any material on record

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

disallowed the claim of the\nassessee that rent received of Rs.2,82,16,861/-was income from House\nproperty and treated the same as income from Business

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1 , KALYAN

In the result, all the above appeals of the assessee are\ndismissed

disallowed the claim of the\nassessee that rent received of Rs.2,82,16,861/-was income from House\nproperty and treated the same as income from Business

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

disallowed the claim of the\nassessee that rent received of Rs.2,82,16,861/-was income from House\nproperty and treated the same as income from Business

SANE & DOSHI ENTERPARISES,MUMBAI vs. JT CIT 17(3), MUMBAI

In the result appeal of the assessee is dismissed

Bench: Shri Saktijit Dey & Shri Ramit Kochar

business and that the surplus accommodation due to its shifting of branches outside Madras was let out. The Income-tax Officer rejected the contention and treated this income as income from property disallowing

DCIT CEN CIR 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the results, all the appeals of the revenue are dismissed

Bench: Shri Ramesh C Sharma & Shri Pawan Singhआयकर अपीऱ सं./I.T.A. No. 3991/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2011-12) आयकर अपीऱ सं./I.T.A. No. 3992/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) आयकर अपीऱ सं./I.T.A. No. 3993/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2013-14) आयकर अपीऱ सं./I.T.A. No. 3994/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2014-15) बिधम/ Dy. Commissioner Of M/S Phoenix Mills Ltd. Income Tax, 462, Senapati Bapat Vs. Central Circle-8(4), Marg, Lower Parel, 6Th Floor, Room No. 658, Mumbai-400013. Aayakar Bhavan, M.K. Road, Mumbai 400020 स्थायी ऱेखा सं./जीआइआर सं./ Pan/Gir No. : Aaacp 3325 J (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

business and profession and claimed the same under the head income from house property in its computation of income. 25 ITA 3992 to 3994/MUM/2018 DCIT Vs. M/s Phoenix Mills Ltd. 15.3. However, the Id. A.O. while passing the assessment order disallowed

ARIHANT DEVELOPERS ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

disallowed the claim of the\nassessee that rent received of Rs.2,82,16,861/-was income from House\nproperty and treated the same as income from Business

DIRECTI INTERNET SOLUTIONS PVT LTD,MUMBAI vs. ACIT 5(1)(2), MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

income from house property’ and not under the head ‘profit and gains or b ‘profit and gains or business or profession’. Accordingly, usiness or profession’. Accordingly, the depreciation on corresponding part of building on corresponding part of building claimed claimed by the assessee is also liable to be disallowed

DIRECTI INTERNET SOLUTIONS PVT LTD,MUMBAI vs. ITO 5(1)(3), MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

income from house property’ and not under the head ‘profit and gains or b ‘profit and gains or business or profession’. Accordingly, usiness or profession’. Accordingly, the depreciation on corresponding part of building on corresponding part of building claimed claimed by the assessee is also liable to be disallowed

ASST CIT CC 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. DCIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

ASST CIT CC 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

business is claimed. Thus, there is no incurrence of specific expenses by the assessee for its rental activity and hence no additional disallowance can be made. In furtherance to the above and based on the disallowances made in the previous years, the assessee had voluntarily, disallowed expenses related to rental Income