DCIT - CC - 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

DCIT -CC-1(4), MUMBAI vs. ULTRATECH CEMENT LTD. , MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

DCIT- CC- 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

JT. CIT (OSD)- CC - 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 80IA(12A) of the income Tax Act 1961. 2) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appels) has erred in upholding the disallowance of additional depreciation spilled over from earlier year amounting to Rs 24,12

TATA CHEMICALS LTD.,MUMBAI vs. DY CIT 2 (3)(1), MUMBAI

disallowing the expenditure\non Scientific Research and Development u/s 35(2AB) totaling to Rs.\n4,24,13,526/- for all the three units, on the basis of the auditor's\ncertificate which stated that these expenses are beyond the\nguidelines laid down by DSIR. These guidelines are in contradiction\nwith the provisions of section

D.C.I.T. CENT. CIR. - 7(2), MUMBAI vs. RAJAHMUNDHRY EXPRESSWAY LTD., MUMBAI

In the result, appeals are dismissed

Bench: Shri Saktijit Dey & Shri G. Manjunatha

section 80IA of the Act was never disallowed by the Assessing Officer on the allegation of not developing, operating and maintaining the infrastructure facility. 12

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 ()

section 14A of the Act . The Assessing Officer, however, following the findings recorded by his predecessor Officer, however, following the findings recorded by his predecessor Officer, however, following the findings recorded by his predecessor in the assessment for assessment year 2011 in the assessment for assessment year 2011–12, proceeded to 12, proceeded to compute the 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

Section 14A could be disallowed against anticipated income. 14A could be disallowed against anticipated income 14A could be disallowed against anticipated income 11.3 Pertinently, the Division Pertinently, the Division Bench in Bench in Redington (India) )Ltd. (supra) case has repelled this precise case has repelled this precise argument. argument Era Capital (India) Pvt. Ltd. 16 ITA No. 12

ELDELWEISS SECURITIES LTD,MUMBAI vs. ACIT CIRCLE 4(1) (1) , MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

disallowance under Section 14A of the Act of `12,81,156/–. Therefore, any further disallowance is unwarranted, as the disallowance

EDELWEISS FINANCIAL SERVICES LTD,MUMBAI vs. ACIT CENT CIR -1(2), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

disallowance under Section 14A of the Act of `12,81,156/–. Therefore, any further disallowance is unwarranted, as the disallowance

EDELWEISS FINANCIAL SERVICES LTD,MUMBAI vs. ACIT CENTRAL CIR-1(2), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

disallowance under Section 14A of the Act of `12,81,156/–. Therefore, any further disallowance is unwarranted, as the disallowance

DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI, MUMBAI vs. ULTRATECH CEMENT LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed

disallowing the claim made u/s 80IA of\nThermal Power Plants amounting to Rs.16,41,59,884/-. The AO had also\nobserved that the claim was made by the assessee u/s 80IA(12) of the\nAct. He further held that with the insertion of sub-section

STRIDES PHARMA SCIENCE LTD.,NAVI MUMBAI vs. THE DY CIT -5(1)(2), MUMBAI

In the result ITA number 1004/M/2021 filed by the assessee for assessment year 2016 – 17 is allowed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm Strides Pharma Science Ltd. Dcit 15(1)(2) 201, Devavrata, Sector-17, Aayakar Bhavan, M K Road, Vs. Vashi, Navi Mumbai, 400703 Mumbai 400020 (Appellant) (Respondent) Pan No. Aadcs8104P

disallowance against the weighted deduction claimed under Section 35(2AB) of the Act by the Appellant. 7.2 In disregarding the various other binding judgements of the ITAT and Hon'ble High Court which squarely applies to the Appellant's case with regard to allowability of weighted deduction under section 35(2AB) which are in relation to expenses incurred by DSIR

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

Bench: Hon’Ble Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

disallowance of Rs. 2,12,188/-. The AO invoked the provisions of section 14A r.w.r 8D to make a disallowance