ASHOK PIRAMAL MANAGEMENT CORPORAITON LTD,MUMBAI vs. ACIT 6(1), MUMBAI

Accordingly confirm the order of CIT(A) deleting the addition though on a different ground pleaded by the ld. AR. Thus, this ground stands dismissed

Bench: Shri Jason P. Boaz & Shri Saktijit Deym/S. Ashok Piramal Management Asstt. Commissioner Of Corporation Limited Income Tax, Ward 6(1) Peninsula Spenta, 2Nd Floor Room No. 506, 5Th Floor Vs. Mathuradas Mills Compound Aayakar Bhavan Senapati Bapat Marg M.K. Road, Mumbai 400020 Lower Parel, Mumbai 400013 Pan - Aafca5278E Appellant Respondent

section 195(1) of the Act and the Indo-France DTAA and therefore the question of disallowance would not arise. In view of the above, it is prayed that the AO be directed to delete the disallowance of professional fees amounting to Rs.26,05,239

GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD),MUMBAI vs. ADDL CIT LTU, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

239 ITR 355 (Calcutta HC)) and Southern Electrodes Ltd vs ACIT (111 TTJ 143 (Hyderabad Trib)). 28. The ld. DR on the other hand, submitted that as per section 43B(a) interest is very much part of the statutory liability and therefore, should be included for the purpose of allowability under the said section. The ld. DR placed reliance

ASST CIT (LTU) 1, MUMBAI vs. GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

239 ITR 355 (Calcutta HC)) and Southern Electrodes Ltd vs ACIT (111 TTJ 143 (Hyderabad Trib)). 28. The ld. DR on the other hand, submitted that as per section 43B(a) interest is very much part of the statutory liability and therefore, should be included for the purpose of allowability under the said section. The ld. DR placed reliance

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

disallowance under Section 40(a)(ia) of the Act.\n11.5.\nPer Contra, the stand of the Assessee is that the VSAT/Leased\nLine Charges and Transaction Charges were paid in respect of\nstandard facility provided by the stock exchanges to its members.\nThe aforesaid charges are charges by the stock exchanges from\nmembers to recover the cost of providing infrastructure

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount

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

section 133A on 16- 11-2009 may be seen in which he has stated that these bills are bogus and no transaction has taken place. 3. Sundry Page Page 31- 24,00,000 This amount Debtors No. No. 03- Is on 19,20 10, 2005 account of point amount b) of receivable 9.1 from debtor Shayona Corporation. Since the amount