DCIT 2(1)(1), MUMBAI vs. BAJAJ ELECTRICALS LTD, MUMBAI

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

section\n14A r.w.r 8D and thus the grounds raised by the assessee in this regard are allowed.\n13\nITA 4172/M/13-5749-5750/M/15-110- 111/M/16\nBajaj Electricals Limited\nDisallowance of commission expenses – Ground No.2\n16.\nThe AO during the course of assessment noticed that the assessee has paid\ncommission of Rs.17,06,10,525/- and that the assessee has in the original return

DCIT 4(1), MUMBAI vs. DEUTSCHE EQUITIES INDIA P.LTD, MUMBAI

Bench: SHRI B.R. BASKARAN, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

disallowance made under Section 40(a)(ia) of the Act on account of failure to withhold tax payments of INR.10,27,625/-. 6.1. During the assessment proceedings, the Assessing Officer noted that the Assessee had made payment of INR.10,58,156

YES BANK LTD.,MUMBAI vs. DCIT 2(2)(2), MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

156,743,620/– against the returned income filed by the assessee on 29/9/2012 which was subsequently revised on 30/3/2014 at ₹ 15,557,206,530/– . The learned assessing officer made the following disallowances i. disallowance u/s 14 A of ₹ 120,603,405/– ii. disallowance of deduction u/s 35D for allotment to QIP of Rs 2, 82,80,291/– iii. provision

DCIT- 2(2)(2), MUMBAI vs. YES BANK LTD., MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

156,743,620/– against the returned income filed by the assessee on 29/9/2012 which was subsequently revised on 30/3/2014 at ₹ 15,557,206,530/– . The learned assessing officer made the following disallowances i. disallowance u/s 14 A of ₹ 120,603,405/– ii. disallowance of deduction u/s 35D for allotment to QIP of Rs 2, 82,80,291/– iii. provision

YES BANK LIMITED,MUMBAI vs. DCIT - 2(2)(2), MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

156,743,620/– against the returned income filed by the assessee on 29/9/2012 which was subsequently revised on 30/3/2014 at ₹ 15,557,206,530/– . The learned assessing officer made the following disallowances i. disallowance u/s 14 A of ₹ 120,603,405/– ii. disallowance of deduction u/s 35D for allotment to QIP of Rs 2, 82,80,291/– iii. provision

DCIT 2(2)(2), MUMBAI vs. YES BANK LTD., MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

156,743,620/– against the returned income filed by the assessee on 29/9/2012 which was subsequently revised on 30/3/2014 at ₹ 15,557,206,530/– . The learned assessing officer made the following disallowances i. disallowance u/s 14 A of ₹ 120,603,405/– ii. disallowance of deduction u/s 35D for allotment to QIP of Rs 2, 82,80,291/– iii. provision

DCIT- 2(2)(2), MUMBAI vs. YES BANK LTD., MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

156,743,620/– against the returned income filed by the assessee on 29/9/2012 which was subsequently revised on 30/3/2014 at ₹ 15,557,206,530/– . The learned assessing officer made the following disallowances i. disallowance u/s 14 A of ₹ 120,603,405/– ii. disallowance of deduction u/s 35D for allotment to QIP of Rs 2, 82,80,291/– iii. provision

YES BANK LIMITED,MUMBAI vs. DCIT 2 (2)(2), MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

156,743,620/– against the returned income filed by the assessee on 29/9/2012 which was subsequently revised on 30/3/2014 at ₹ 15,557,206,530/– . The learned assessing officer made the following disallowances i. disallowance u/s 14 A of ₹ 120,603,405/– ii. disallowance of deduction u/s 35D for allotment to QIP of Rs 2, 82,80,291/– iii. provision

ACIT , MUMBAI vs. RELIANCE POWER LTD , MUMBAI

section 115JB of the Act as held by the Ld.\nCIT(A) in this case, it makes the provisions of law in clause (f) in Explanation 1 in\nSection 115JB of the Act.\n5. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) was\nnot justified in directing

GREAVES COTTON LTD,MUMBAI vs. ASST CIT CIR 6(3), MUMBAI

In the result this ground of appeal

Bench: Shri Pradip Kumar Kedia & Shri Pawan Singhgreaves Cotton Ltd. Acit Circle-6(3), Industry Manor, Appasaheb Aayakar Bhavan, M.K. Road, Vs. Marathe Marg, Prabhadevi, Mumbai-400020. Mumbai-400025. Pan: Aaacg2062M Appellant Respondent Greaves Cotton Ltd. Acit Circle-6(3), Industry Manor, Appasaheb Aayakar Bhavan, M.K. Road, Vs. Marathe Marg, Prabhadevi, Mumbai-400020. Mumbai-400025. Pan: Aaacg2062M Appellant Respondent Appellant By : Smt. Arati Vissanji (Advocate) Respondent By : Shri Abbi Rama Karthikey (Dr) Date Of Hearing : 04.06.2019 Date Of Pronouncement : 07.06.2019 Order Under Section 254(1)Of Income Tax Act

disallowance under section 40A(9). We have noted that this ground of appeal is identical to the ground no. G of appeal for A.Y. 2006-07, which we have dismissed by following the order for A.Y. 2004-05, 19 ITA No. 7424 Mum 2010 & 8533 Mum 2011-Greaves Cotton Ltd. therefore, following the principle of consistency, this ground of appeal

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

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

TMF HOLDING LTD.,MUMBAI vs. PR. CIT -1, MUMBAI

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Pavan Kumar Gadale, Hon'Bletmf Holdings Ltd., V. Pr.Cit – 1 {Formerly Known As Tata Motors Finance Ltd.,} 3Rd Floor, Room No. 330 10Th Floor, 106 A & B Aayakar Bhavan, M.K. Road Maker Chamber-Iii Mumbai - 400020 Nariman Point, Mumbai Pan: Aacct4644A (Appellant) (Respondent) Shri Nikhil Tiwari Assessee By : Department By : Shri S.N. Kabra

disallowed under section 14A of the Act; The Appellant craves leave to add, alter, delete, or substitute all or any of the aforesaid Grounds of Appeal.” 9. At the time of hearing assessee submitted as under: - “Ground No. 1 to 5: Validity of proceedings under section 263 of the Act A. Revisionary assessment proceedings cannot be initiated unless the conjunctive

VODAFONE INDIA LTD,MUMBAI vs. ASST CIT 8(3)(2), MUMBAI

156 ITD 847 (Del-Trib) has held that deduction for telecommunication services is allowable in respect of “profits of eligible business and not restricted to profits derived from eligible business as mentioned in section 80IA of the Act.\" Thus, the provisions of sub-section (2A) of Section 80IA of the Act are much wider in scope as compared

DEUTSCHE EQUITIES INDIA PVT. LTD.,MUMBAI vs. ADDL.C.I.T. RG. 4(1), MUMBAI

disallowance made under Section\n40(a)(ia) of the Act on account of failure to withhold tax payments\nof INR.10,27,625/-.\nDuring the assessment proceedings, the Assessing Officer noted\nthat the Assessee had made payment of INR.10,58,156

DCIT 5(3)(2), MUMBAI vs. THE GREAT EASTERN SHIPPING CO.LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of The Great Eastern Shipping Income-Tax, Co. Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

156,857 has been claimed as exempt under section 10 (34) of the income tax act. The learned assessing officer questioned the assessee and asked the assessee to furnish details of the same and to furnish the details of expenditure incurred or attributable for earning of these ITA Nos. 3272/Mum/2015 & 1656/Mum/2014 The Great Eastern Shipping

THE GREAT EASTERN SHIPPING CO. LTD,MUMBAI vs. DCIT RG 5(3), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of The Great Eastern Shipping Income-Tax, Co. Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

156,857 has been claimed as exempt under section 10 (34) of the income tax act. The learned assessing officer questioned the assessee and asked the assessee to furnish details of the same and to furnish the details of expenditure incurred or attributable for earning of these ITA Nos. 3272/Mum/2015 & 1656/Mum/2014 The Great Eastern Shipping