ACIT 17(1), MUMBAI vs. ELVE CORPORATION, MUMBAI

Bench: Shri Joginder Singh & Shri Ramit Kochar

12A conditions for applicability of sections 11 and 12 are set out. Section 12AA sets out the procedure for registration. Section 13 states that section 11 will not apply in certain cases. By section 13A, special provision is made relating to incomes of political parties. Section 13B contains special After all this comes Chapter IV which is titled as Computation

ACIT 17(1), MUMBAI vs. ELVE CORPORATION, MUMBAI

Bench: Shri Joginder Singh & Shri Ramit Kochar

12A conditions for applicability of sections 11 and 12 are set out. Section 12AA sets out the procedure for registration. Section 13 states that section 11 will not apply in certain cases. By section 13A, special provision is made relating to incomes of political parties. Section 13B contains special After all this comes Chapter IV which is titled as Computation

SHA HURGOWAN ANANDJI DESAI CHARITIES ,MUMBAI vs. DEPUTY DIRECTOR OF INCOME TAX, CPC , BENGULURU

In the result, the appeal of the assessee

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2022-23 Sha Hurgowan Anandji Desai Dy. Director Of Income-Tax, Cpc Charities, Bengaluru, 18, Bhaskar Lane, Bhuleshwar, Vs. Income Tax Officer Exemption Mumbai-400002. Ward 2(3), 6Th Floor, Mtnl Te Building Pedder Road, Mumbai-400026. Pan No. Aaats 0405 R Appellant Respondent

Ba Processing Centre, Bangalore (herein after referred to as the AO) ngalore (herein after referred to as the AO) on the grounds that the Appellant did not furnish Audit Report in on the grounds that the Appellant did not furnish Audit Report in on the grounds that the Appellant did not furnish Audit Report in Form 10 Form

LANDMARK EDUCATION INDIA,MUMBAI vs. ITO (E) II (1), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Joginder Singh & Shri G. Manjunathaassessment Year 2008-09 Landmark Education India, Income Tax Officer B-206, Bhaveshwar Plaza, (Exemption)-Ii(1), बनाम/ Lbs Marg, Ghatkopar (W), Piramal Chambers, Vs. Mumbai 400086 Lalbaug, Parel, Mumbai-400012 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. Aaatl0059L

ba) where the assessee has failed to furnish a report in respect of any international transaction which he was so required under section 92E; (c) where an assessment has been made, but— (i) income chargeable to tax has been underassessed ; or (ii) such income has been assessed at too low a rate ; or (iii) such income has been made

NEW BOMBAY MERCHANTS EDUCATIONAL FOUNDATION,NAVI MUMBAI vs. ACIT, CPC BANGALORE, CPC BANGALORE

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

Bench: Shriamarjit Singh & Shri Anikesh Banerjee

1), the Ld.AO disallowed the exemption under section 11 and the tax was determined amount to Rs.88,10,900/-. The assessee filed a rectification petition under section 154, but without giving an opportunity to assessee, the CPC passed the order under section 154 and instead of granting relief, enhanced the total income to Rs.2,28,08,685/-. The assessee filed

SHREE SPANAN FOUNDATION,MUMBAI vs. INCOME TAX OFFICER-CPC BANGALURU, MUMBAI

In the result, appeal filed by the assessee is allowed for\nstatistical purposes in above terms

12A (1)(ba) clearly specifies that the person in receipt of\nincome is required to furnish the ITR u/s 139(4A) within the time\nallowed under that Section. Thus, the appeal application suffers\nfrom twin defaults on the counts of furnishing of ITR as well as\nthe audit report. In the light of the above discussion, since no\napplication

SAYAJI-U BA KHIN MEMORIAL TRUST,MUMBAI vs. ASST DIT (E) 1(2), MUMBAI

Appeal of the Assessee is hereby allowed and appeal of the Revenue is hereby dismissed

Bench: S/Shri B.R.Baskaran & Amarjit Singhआयकर अपील सं/ I.T.A. No.1708/M/14 ("नधा"रण वष" / Assessment Year: 2005-06) Sayaji-U-Ba Khin Memorial The Asstt. Director Of बनाम/ Trust Income Tax (Exempt) 1(2) Vs. 2Nd Floor, Green House, Room No.504, Green Street, Fort, Piramal Chambers, Lalbaug, Mumbai-400023 Parel, Mumbai - 400012 आयकर अपील सं/ I.T.A. No. 2797/M/14 ("नधा"रण वष" / Assessment Year: 2005-06) The Asstt. Director Of Sayaji-U-Ba Khin Memorial बनाम/ Income Tax (Exempt) 1(2) Trust Vs. Room No.504, 2Nd Floor, Green House, Piramal Chambers, Lalbaug, Green Street, Fort, Parel, Mumbai-400023 Mumbai - 400012 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatt0114E

Ba Khin Memorial बनाम/ Income Tax (Exempt) 1(2) Trust Vs. Room No.504, 2nd Floor, Green House, Piramal Chambers, Lalbaug, Green Street, Fort, Parel, Mumbai-400023 Mumbai - 400012 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAATT0114E .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Assessee by: Shri Niraj Sheth & Rajnikant Chaniyari Department by: Shri Chandrajit Singh सुनवाई क" तार"ख / Date of Hearing

DDIT (E) I (2), MUMBAI vs. SAYAJI U-BA KHIN MEMORIAL TRUST, MUMBAI

Appeal of the Assessee is hereby allowed and appeal of the Revenue is hereby dismissed

Bench: S/Shri B.R.Baskaran & Amarjit Singhआयकर अपील सं/ I.T.A. No.1708/M/14 ("नधा"रण वष" / Assessment Year: 2005-06) Sayaji-U-Ba Khin Memorial The Asstt. Director Of बनाम/ Trust Income Tax (Exempt) 1(2) Vs. 2Nd Floor, Green House, Room No.504, Green Street, Fort, Piramal Chambers, Lalbaug, Mumbai-400023 Parel, Mumbai - 400012 आयकर अपील सं/ I.T.A. No. 2797/M/14 ("नधा"रण वष" / Assessment Year: 2005-06) The Asstt. Director Of Sayaji-U-Ba Khin Memorial बनाम/ Income Tax (Exempt) 1(2) Trust Vs. Room No.504, 2Nd Floor, Green House, Piramal Chambers, Lalbaug, Green Street, Fort, Parel, Mumbai-400023 Mumbai - 400012 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatt0114E

Ba Khin Memorial बनाम/ Income Tax (Exempt) 1(2) Trust Vs. Room No.504, 2nd Floor, Green House, Piramal Chambers, Lalbaug, Green Street, Fort, Parel, Mumbai-400023 Mumbai - 400012 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAATT0114E .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Assessee by: Shri Niraj Sheth & Rajnikant Chaniyari Department by: Shri Chandrajit Singh सुनवाई क" तार"ख / Date of Hearing

DCIT(CC)-8(3) , MUMBAI vs. SANTOSH VIMLESH MEHTA, MUMBAI

In the result, the appeal of the In the result, the appeal of the Revenue is allowed is allowed for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Anikesh Banerjee () Assessment Year: 2012-13 Dcit(Cc)-8(3) Santosh Vimlesh Mehta Room No. 661 6Th Floor, Aaykar 10, Mumbadevi Road, Vs. Bhavan, Maharshi Karve Road, Mumbadevi, Mumbai-400002 Mumbai-400020 Mumbai Pan No. Abhpm 0883 H Appellant Respondent

Ba y given by selling scrip) of Banas Finarice Limited was also recorded where he was no idea that he was Limited was also recorded where he was no idea that he was Limited was also recorded where he was no idea that he was director of Banas Finance Limited. The relevant portion of the director of Banas Finance Limited

VIPASSANA RESEARCH INSTITUTE,MUMBAI vs. ITO (EXEMPTION) - 2(4), MUMBAI

In the result, appeal filed by the assessee is partly allowed

Bench: Shri. Vikas Awasthy & Shri G. Manjunathavipassana Research Institute Vs. Ito(Exemptions)-2(4) 2Nd Floor, Green House Piramal Chambers Green Street, Fort Lalbaug, Parel Mumbai-400 023 Mumbai-400 012 Pan/Gir No.Aaatv1217E (Appellant) .. (Respondent)

12A of the I.T.Act 1961. The assessee has filed its return of income for AY 2012-13 on 30/09/2012, declaring total deficit at Rs. 97,47,021/-. The case was selected for scrutiny and during the course of assessment proceedings, the Ld. AO noticed that the assesse has claimed depreciation on assets, which have been claimed as application of income

ITO (EXEMPTION)-2(3) MUMBAI, MUMBAI vs. SAYAJI-U-BA KHIN MEMORIAL TRUST, MUMBAI

In the result, appeal filed by the revenue is dismissed

Bench: Shri Mahavir Singh () & Shri G Manjunatha ()

Ba Khin Memorial Trust 2nd Floor, Green House, Green Street, Fort, Mumbai 400 023 PAN : AAATT0114E Appellant by Shri Rajat Mittal Revenue by Shri Rajnikant Chemiyari Date of hearing 13-03-2018 Date of pronouncement 21-03-2018 O R D E R Per G Manjunatha, AM : This appeal filed by the revenue is directed against the order

ITO (EXEMPTION)-2(3) MUMBAI, MUMBAI vs. SAYAJI-U-BA KHIN MEMORIAL TRUST, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri G.S. Pannu & Shri Pawan Singh: A.Y : 2011-12

1. Whether on the facts of the case and in law the ld.CIT(A) erred in allowing the appeal of the assessee on account of disallowing depreciation on fixed assets of Rs.80,55,519/- in contravention of the decision of Escorts Ltd. Vs. UOI 199 ITR 43 wherein it was held that since section 11 of the Income