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 under Section 36(1)(iii), Section 37 and Section 38 of the Act amounting to INR 15,34,55,236 (Page 9 to 18

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 53,98,087 - Disallowance of Prior Period Expenditure 3,92,675 Total Addition in dispute before the Tribunal 57,90,762 Tax on Income at normal rates 17,37,229 Add: Surcharge @7.5% 1,30,292 18

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 53,98,087 - Disallowance of Prior Period Expenditure 3,92,675 Total Addition in dispute before the Tribunal 57,90,762 Tax on Income at normal rates 17,37,229 Add: Surcharge @7.5% 1,30,292 18

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 53,98,087 - Disallowance of Prior Period Expenditure 3,92,675 Total Addition in dispute before the Tribunal 57,90,762 Tax on Income at normal rates 17,37,229 Add: Surcharge @7.5% 1,30,292 18

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

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. 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

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

SICOM LTD ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CIRCLE 3(3)(1), MUMBAI

In the result, the appeal filed by the assesee is partly allow for statistical purpose and the appeal filed by the revenue is allowed for statistical purposes

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadale, Judicialmember Sicom Ltd, Vs. Dy Commissioner Of Solitaire Corporate Income Tax Circle Park, Bldg No.04, 3(3)(1), Chakala, Andheri(E), 6Th Floor, Room No. Mumbai-400093. 609,Aayakar Bhavan, Maharishi Karve Road, Mumbai- 400020. "थायी लेखा सं./जीआइआर सं.Pan/Gir No. Aaacs5524J (अपीलाथ"/Applicant) (""यथ"/Respondent) Dy Commissioner Of Vs. Sicom Ltd, Income Tax Circle Solitaire Corporate Park, 3(3)(1), Bldg No.04, Chakala, 6Th Floor, Room No. Andheri(E), 609,Aayakar Bhavan, Mumbai-400093. Maharishi Karve Road, Mumbai- 400020. "थायी लेखा सं./जीआइआर सं.Pan/Gir No. Aaacs5524J (अपीलाथ"/Applicant) (""यथ"/Respondent)

section 14A. After giving adjustment to Suo-moto disallowance of Rs.87,18,148 made by the appellant, the disallowance restricted

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. 17-18 & 18

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. 17-18 & 18

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 15\n(ii) Adhoc Disallowance in respect of commission expenses - Ground No. 16 to 18

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

Disallowance under Section 14A of the Act of ₹3,65,18,979/-. II. Disallowance of deduction under Section 35D of the Act of ₹2,82,80,291/-. III. Brokerage

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

Disallowance under Section 14A of the Act of ₹3,65,18,979/-. II. Disallowance of deduction under Section 35D of the Act of ₹2,82,80,291/-. III. Brokerage

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

Disallowance under Section 14A of the Act of ₹3,65,18,979/-. II. Disallowance of deduction under Section 35D of the Act of ₹2,82,80,291/-. III. Brokerage

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

Disallowance under Section 14A of the Act of ₹3,65,18,979/-. II. Disallowance of deduction under Section 35D of the Act of ₹2,82,80,291/-. III. Brokerage