DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

Section 147 of Act are also quashed. Thus Ground No.1 raised by the Assessee is allowed and Ground No.2 is dismissed as having been rendered infructuous. Ground No.3 to 7: 19. Ground No. 3 to 7 raised by the Assessee pertains to disallowance

THE NEW INDIA ASSURANCE CO LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(2)(2), MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

Section 147 of Act are also quashed. Thus Ground No.1 raised by the Assessee is allowed and Ground No.2 is dismissed as having been rendered infructuous. Ground No.3 to 7: 19. Ground No. 3 to 7 raised by the Assessee pertains to disallowance

THE TATA POWER COMPANY LTD,MUMBAI vs. PR CIT 2, MUMBAI

In the result, appeal is allowed, as indicated above

Bench: Shri Saktijit Dey () & Shri Rajesh Kumar ()

section 143(3) r.w.s. 147 of the Act on 11-12-2017 disallowing the expenditure of Rs.68,62,780/-. 3. After

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

147 of\nthe Act. Thereafter, the case was again reopened under Section\n147 of the Act after recording the reason and after obtaining the\napproval from the competent authority. The notice under Section\n148 of the Act was issued to the Assessee on 30/03/2017 which\nwas served on the Assessee on 31/03/2017. In response the\nAssessee vide letter, dated 17/04/2017

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

147 of\nthe Act. Thereafter, the case was again reopened under Section\n147 of the Act after recording the reason and after obtaining the\napproval from the competent authority. The notice under Section\n148 of the Act was issued to the Assessee on 30/03/2017 which\nwas served on the Assessee on 31/03/2017. In response the\nAssessee vide letter, dated 17/04/2017

THE NEW INDIA ASSURANCE CO. LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX , INCOME TAX OFFICER, NFAC, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

Bench: "CLEAN_TEXT": "IN THE INCOME TAX APPELLATE TRIBUNAL\n\"I\" BENCH, MUMBAI\n\nSHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER\nSHRI RAHUL CHAUDHARY (Judicial Member)

147 of\nthe Act. Thereafter, the case was again reopened under Section\n147 of the Act after recording the reason and after obtaining the\napproval from the competent authority. The notice under Section\n148 of the Act was issued to the Assessee on 30/03/2017 which\nwas served on the Assessee on 31/03/2017. In response the\nAssessee vide letter, dated 17/04/2017

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -3(2)(2), MUMBAI

147 of\nthe Act. Thereafter, the case was again reopened under Section\n147 of the Act after recording the reason and after obtaining the\napproval from the competent authority. The notice under Section\n148 of the Act was issued to the Assessee on 30/03/2017 which\nwas served on the Assessee on 31/03/2017. In response the\nAssessee vide letter, dated 17/04/2017

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Section 147 of the \nAct the Assessing Officer, inter-alia, disallowed deduction \nclaimed by the Assessee for aggregate expenses of \nINR.72

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

147 of\nthe Act. Thereafter, the case was again reopened under Section\n147 of the Act after recording the reason and after obtaining the\napproval from the competent authority. The notice under Section\n148 of the Act was issued to the Assessee on 30/03/2017 which\nwas served on the Assessee on 31/03/2017. In response the\nAssessee vide letter, dated 17/04/2017

THE NEW INDIA ASSURANCE CO. LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(2)(2), MUMBAI

Section 147 of the\nAct the Assessing Officer, inter-alia, disallowed deduction\nclaimed by the Assessee for aggregate expenses of\nINR.72

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(2)(2), MUMBAI

147 of \nthe Act. Thereafter, the case was again reopened under Section \n147 of the Act after recording the reason and after obtaining the \napproval from the competent authority. The notice under Section \n148 of the Act was issued to the Assessee on 30/03/2017 which \nwas served on the Assessee on 31/03/2017. In response the \nAssessee vide letter, dated 17/04/2017

THE NEW INDIA ASSURANCE CO. LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -3(2)(2), MUMBAI

147 of\nthe Act. Thereafter, the case was again reopened under Section\n147 of the Act after recording the reason and after obtaining the\napproval from the competent authority. The notice under Section\n148 of the Act was issued to the Assessee on 30/03/2017 which\nwas served on the Assessee on 31/03/2017. In response the\nAssessee vide letter, dated 17/04/2017

M/S. BIOBUILD DEVELOPERS ,MUMBAI vs. INCOME TAX OFFICER WARD 24(1)(3), MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

disallowance respect of the items of club fees, gifts and presents, etc., then in view of our discussion as above, he would have been justified as per Explanation 3 to reduce the claim of deduction under sections 80HH and 80-1 as well. 21. In view of our above discussions, the Tribunal was right in 16 Assessment Year

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Section 147 \nof the Act was partly allowed. \n152. The Assessee has raised 4 grounds of appeal. We would first \ntake up Ground No. 2 to 4 raised by the Assessee dealing with \nthe merits of the disallowance/additions made by the Assessing \nOfficer \nGround No.2 to 4: \n153. Ground No.2 to 4 pertaining to disallowance

SURENDRA GARG HUF ,MUMBAI vs. ITO- 19(3)(4), MUMBAI

147 of the Act were valid, or if Section 153C should have been invoked.\n2. Whether the addition of sale proceeds of shares as unexplained cash credit under Section 68 of the Act and the disallowance

ROYAL WESTERN INDIA TURF CLUB,MUMBAI vs. PR. CIT -8, MUMBAI

In the result, appeal is allowed, as indicated above

Bench: Shri Saktijit Dey () & Shri Rajesh Kumar ()

147 and an order of reassessment was passed by which the claim under Section 72A came to be disallowed. The submission

SURENDRA GARG HUF,MUMBAI vs. ITO - 19(3)(4), MUMBAI

disallowing of long term capital gains\nexemption claimed by the Assessee under Section 10(38) of the\nAct.\n6.3.\nBeing aggrieved, the Assessee has carried out in appeal before the\nTribunal by way of Ground No. 2 raised in the present appeal.\n6.4.\nWe have given thoughtful consideration to the rival submissions.\n6.5.\nThe Assessee has set up a case

JAMNADAS VIRJI SHARES AND STOCK BROKERS PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 4(3)(1), MUMBAI

147", "Section 144B", "Section 133A", "Section 37(1)", "Section 10(34)", "Section 234A", "Section 234B", "Section 234C", "Section 234D"], "issues": "Whether the purchases of gold coins were bogus and disallowable