PRAMOD RATAN PATIL,THANE vs. ASST CIT CIR 3, KALYAN

In the result, Appeal of Ld AO is dismissed, appeal of assessee is allowed partly

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm Shri Pramod Ratan Patil Acit A–1, Chandresh Oasis, Lodha Circle–3, Kalyan, 2 Nd Floor, Heaven, Vs. Kalyan Shil Road, Dombivali (East), Rani Mansion, Murbad Road, Thane–421201 Kalyan West–421301 (Appellant) (Respondent) Pan No. Aadpp6274F Acit Shri Pramod Ratan Patil Circle–3, A–1, Chandresh Oasis, Lodha Kalyan, 2 Nd Floor, Heaven, Vs. Rani Mansion, Murbad Road, Kalyan Shil Road, Dombivali (East), Kalyan West–421301 Thane–421201 (Appellant) (Respondent) Assessee By : Mr. Satyaprakash Singh, Ar Revenue By : Mr. Nihar Ranjan Samal, Dr

220/- vii. Undisclosed income under Section 68 of the Act from Luster Engineering Company of ₹92,400/. 05. Thus the learned assessing officer has made the following addition to the total income of the assessee:- serial Nature of addition on disallowance Amount rupees number 1 Transportation charges under section 37 ₹ 4,435,916 2 Hiring charges under section 37 ₹ 6

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)

6. On the second disputed issue of disallowance U/sec14A r.w.r 8D(2)(ii)&(iii) of the IT Rules of Rs.1594,82,826/- and after setoff of suo moto disallowance of Rs.87,18,148/- 10 ITA . No. 1694/MUM/2023 & 2036/MUM/2023 SICOM LTD. , the balance amount of Rs.1507,64,678/- was added to the income by the A.O. The CIT(A) has considered

NUVAMA WEALTH MANAGEMENT LIMITED,BANDRA EAST, MUMBAI vs. DEPUTY COMISSIONER OF INCOME TAX, CGO BUILDING, MUMBAI

Bench: Shri Saktijit Dey, Vp & Ms Padmavathy S, Am

220,464 28,876 % of employee cost Rent 84,616,201 297,235 % of employee cost Miscellaneous expenses 5,731,210 20,132 % of employee cost Total 5,091,063 6. The AO did not accept the suo-motu disallowance made by the assessee and invoked the provisions of Rule 8D by holding that “8.1. 14A disallowance: On perusal

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

M. R. CONSTRUCTION,MUMBAI vs. ACIT CEN CIR 22, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

ACIT CEN CIR 22, MUMBAI vs. M.R. CONSTRUCTION, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

ASST CIT CC-22, MUMBAI vs. JAWAHAR PUROHIT, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

M.R. CONSTRUCTION,.,MUMBAI vs. ASST CIT CEN CIR 22, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

M.R. CONSTRUCTION,.,MUMBAI vs. ASST CIT CEN CIR 22, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

DCIT CEN CIR 22, MUMBAI vs. M.R. CONSTRUCTION, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

ASST CIT CC-22, MUMBAI vs. JAWAHAR PUROHIT, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

DCIT CEN CIR 22, MUMBAI vs. M.R. CONSTRUCTION, MUMBAI

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220

M.R. CONSTRUCTION,MUMBAI vs. ACIT CEN CIR 22,

In the result, in the case of M

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

6. Advertising Expenses disallowed under 36,000 Nil 36,000 section 37(2B) 7. Adhoc Disallowance for expenses – 3,11,080 3,11,080 Nil Kashish Constructorn for an amount of Rs. 15,55,400 to the extent of 20% Reduction from WIP 1,19,96,220