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

section 115JB of the Act 7. Disallowance of weighted deduction amounting to INR 17,54,78,992 claimed under Section

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

disallowance u 45. Having held so, the next question for our consideration Having held so, the next question for our consideration Having held so, the next question for our consideration is whether the following Explanation inserted by is whether the following Explanation inserted by is whether the following Explanation inserted by the Finance Act, 2022 in Section

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

section 14A r.w.r 8D to make the disallowance of Rs. 1,05,10,437/- consisting of disallowance towards interest under Rule 8D(2)(ii) amounting to Rs. 90,39,789/- and under Rule 8D(2)(iii) amounting to Rs. 17

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

section 14A r.w.r 8D to make the disallowance of Rs. 1,05,10,437/- consisting of disallowance towards interest under Rule 8D(2)(ii) amounting to Rs. 90,39,789/- and under Rule 8D(2)(iii) amounting to Rs. 17

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

section 14A r.w.r 8D to make the disallowance of Rs. 1,05,10,437/- consisting of disallowance towards interest under Rule 8D(2)(ii) amounting to Rs. 90,39,789/- and under Rule 8D(2)(iii) amounting to Rs. 17

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 ()

disallowance ance ance under under under section section section 14A 14A 14A read read read with with with Rule Rule Rule 8D 8D 8D at at at ₹17

APL LOGISTICS (INDIA) P.LTD,MUMBAI vs. ASST CIT 10(1), MUMBAI

In the result, appeal of the assessee is partly allowed

section 14A r.w.r 8D can be made. We would also like to observe here that the provisions of Rule 8D were inserted by the Income Tax (5th Amendment) Rules 2008 w.e.f 24.03.2008. The Hon’ble Bombay High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT reported as 328 ITR 81 has held that the provisions

APL LOGISTICS (INDIA) P. LTD,MUMBAI vs. ACIT 10(1), MUMBAI

In the result, appeal of the assessee is partly allowed

section 14A r.w.r 8D can be made. We would also like to observe here that the provisions of Rule 8D were inserted by the Income Tax (5th Amendment) Rules 2008 w.e.f 24.03.2008. The Hon’ble Bombay High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT reported as 328 ITR 81 has held that the provisions

DCIT 10(1), MUMBAI vs. APL LOGISTICS (INDIA) P. LTD, MUMBAI

In the result, appeal of the assessee is partly allowed

section 14A r.w.r 8D can be made. We would also like to observe here that the provisions of Rule 8D were inserted by the Income Tax (5th Amendment) Rules 2008 w.e.f 24.03.2008. The Hon’ble Bombay High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT reported as 328 ITR 81 has held that the provisions

DCIT 10(1), MUMBAI vs. APL LOGISTICS (INDIA ) P.LTD, MUMBAI

In the result, appeal of the assessee is partly allowed

section 14A r.w.r 8D can be made. We would also like to observe here that the provisions of Rule 8D were inserted by the Income Tax (5th Amendment) Rules 2008 w.e.f 24.03.2008. The Hon’ble Bombay High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT reported as 328 ITR 81 has held that the provisions

APL LOGISTICS (INDIA) P. LTD,MUMBAI vs. ASST CIT 10(1), MUMBAI

In the result, appeal of the assessee is partly allowed

section 14A r.w.r 8D can be made. We would also like to observe here that the provisions of Rule 8D were inserted by the Income Tax (5th Amendment) Rules 2008 w.e.f 24.03.2008. The Hon’ble Bombay High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT reported as 328 ITR 81 has held that the provisions

APL LOGISTICS P.LTD,MUMBAI vs. DCIT 14(1)(1), MUMBAI

In the result, appeal of the assessee is partly allowed

section 14A r.w.r 8D can be made. We would also like to observe here that the provisions of Rule 8D were inserted by the Income Tax (5th Amendment) Rules 2008 w.e.f 24.03.2008. The Hon’ble Bombay High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT reported as 328 ITR 81 has held that the provisions

ASST. COMMISSIONER OF INCOME-TAX-CIRCLE 6(1)(2), MUMBAI, MUMBAI vs. 360 ONE PRIME LTD., MUMBAI

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

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2016-17 Asst. Cit Circle-6(1)(2), 360 One Prime Ltd., Room No. 506, 5Th Floor, Aayakar Iifl Centre, Kamala City, Senapati Vs. Bhavan, M.K. Road, Bapat Marg, Lower Parel (W), Mumbai-400020. Mumbai-400013. Pan No. Aabcc 3347 E Appellant Respondent

Section 14A was invoked to work out the disallowance u/s 14A as per rule 8D2(ii) & (iii) of the I.T. Rules. u/s 14A as per rule 8D2(ii) & (iii) of the I.T. Rules. The appellant stated that it is a public limi The appellant stated that it is a public limited company incorporated ted company incorporated under the Companies

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), 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 14A\nGround No. 1 to 14\n(ii) Adhoc Disallowance in respect of commission expenses - Ground No. 15 to 17

MACROTECH DEVELOPRS LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 7(3), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

disallowance made under section 14A of the Act to the book profits computed under section 115JB of the Act. ITA Nos. 2266 & 2239/Mum/2022 Macrotech Developers Ltd; A.Ys. 17

MACROTECH DEVELOPERS LTD.(SUCCESSOR TO BELLISSIMO CROWN BUILDMART PVT LTD.,,MUMBAI vs. DCIT CENTRAL CIRCLE 7(3), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

disallowance made under section 14A of the Act to the book profits computed under section 115JB of the Act. ITA Nos. 2266 & 2239/Mum/2022 Macrotech Developers Ltd; A.Ys. 17

STATE BANK OF INDIA,MUMBAI vs. ADDL CIT CIR 2(2), MUMBAI

In the result appeal filed by the assessee for assessment

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal , Jm

disallowed applying section 14A of the Act. 17. In a situation where the assessee has mixed fund (made up partly

ACIT, MUMBAI vs. K RAHEJA CORP PRIVATE LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2020-21

17,30,725/- and made addition for balance amount other and made addition for balance amount other K Raheja Corp Pvt. Ltd. K Raheja Corp Pvt. Ltd. Rs.2,71,98,549/- while computing income under while computing income under the normal while computing income under provisions of Act and also disal and also disallowance of Rs.2,71,98,549/ lowance