ACIT 10(2), MUMBAI vs. FOODS & INNS LTD, MUMBAI

Bench: Shri Jason P. Boaz & Shri Sandeep Gosainm/S. Foods & Inns Ltd. Acit, Circle 10(2) Punjabwadi, Sion Trombay Room No. 432, 4Th Floor Vs. Road, Deonar Aayakar Bhavan, M.K. Road Mumbai 400088 Mumbai 400020 Pan - Aaacf0521C Appellant Respondent

disallowed by the AO for both assessment years 2009-10 and 2010-11. 5.2.1 Per contra the learned A.R. for the assessee supported the findings rendered by the learned CIT(A) in the impugned orders for assessment 10 ITA No. 1262+4/Mum/2013 M/s. Foods and Inns Ltd. years 2009-10 and 2010-11, that the foreign exchange losses

FOODS AND INNS LTD,MUMBAI vs. ACIT 10(2), MUMBAI

Bench: Shri Jason P. Boaz & Shri Sandeep Gosainm/S. Foods & Inns Ltd. Acit, Circle 10(2) Punjabwadi, Sion Trombay Room No. 432, 4Th Floor Vs. Road, Deonar Aayakar Bhavan, M.K. Road Mumbai 400088 Mumbai 400020 Pan - Aaacf0521C Appellant Respondent

disallowed by the AO for both assessment years 2009-10 and 2010-11. 5.2.1 Per contra the learned A.R. for the assessee supported the findings rendered by the learned CIT(A) in the impugned orders for assessment 10 ITA No. 1262+4/Mum/2013 M/s. Foods and Inns Ltd. years 2009-10 and 2010-11, that the foreign exchange losses

DCIT CC 4(2), MUMBAI vs. K RAHEJA COPR PVT LTD, MUMBAI

Bench: Shri S. Rifaur Rahman & Shri Ravish Soodk. Raheja Corporate Services Acit-14(2)(1), Room No. 432, 4Th Floor, Pvt. Ltd., Plot No. C-30, G- Block, Opp. Sidbi, Bkc, Aayakar Bhavan, M.K. Bandra, Mumbai-400 051 Road, Mumbai-400 020. Vs. Pan: Aabcn 9309B Appellant Respondent K. Raheja Corporate Pvt. Ltd., Dcit- Central Circle 4(2), Room No. 1918, 19Th Plot No. C-30, G-Block, Opp. Sidbi, Bkc, Bandra – (E), Floor, Air India Building, Mumbai-400 051 Nariman Point, Mumbai- Vs. 400 021. Pan: Aaacp0522B Appellant Respondent Dcit, Central Circle - M/S K. Raheja Corp. Pvt. (2)(1), Central Range -4 Ltd., Plot No. C-30, Block -G, Pr.Cit (C)-2 Bkc, Bandra (Eest), Room No. 1918, 19Th Mumbai-400 051 Vs. Floor, Air India Building, Pan: Aaacp0522B Nariman Point, Mumbai-400 021. Appellant Respondent Appellant By : Shri. Madhur Aggrawal (Ar) Revenue By : Shri. Shiddaramappa (Dr) Date Of Hearing : 12.10.2021 Date Of Pronouncement: 25.10.2021

disallowance u/s 14A of the IT Act to the book profit of the assessee without appreciating the decision of the Hon‟ble ITAT Mumbai „F‟ Bench in the case of Deputy Commissioner of Income-tax, Central Circle -18 & 19, Mumbai v. Viraj Profiles Ltd. in ITA NO. 4439/ (MUM.) of 2013 for A.Y. 2008-09.” 2. Briefly stated, the assessee

K. RAHEJA CORPORATE SERVICES P.LTD,MUMBAI vs. ACIT 14(2)(1), MUMBAI, MUMBAI

Bench: Shri S. Rifaur Rahman & Shri Ravish Soodk. Raheja Corporate Services Acit-14(2)(1), Room No. 432, 4Th Floor, Pvt. Ltd., Plot No. C-30, G- Block, Opp. Sidbi, Bkc, Aayakar Bhavan, M.K. Bandra, Mumbai-400 051 Road, Mumbai-400 020. Vs. Pan: Aabcn 9309B Appellant Respondent K. Raheja Corporate Pvt. Ltd., Dcit- Central Circle 4(2), Room No. 1918, 19Th Plot No. C-30, G-Block, Opp. Sidbi, Bkc, Bandra – (E), Floor, Air India Building, Mumbai-400 051 Nariman Point, Mumbai- Vs. 400 021. Pan: Aaacp0522B Appellant Respondent Dcit, Central Circle - M/S K. Raheja Corp. Pvt. (2)(1), Central Range -4 Ltd., Plot No. C-30, Block -G, Pr.Cit (C)-2 Bkc, Bandra (Eest), Room No. 1918, 19Th Mumbai-400 051 Vs. Floor, Air India Building, Pan: Aaacp0522B Nariman Point, Mumbai-400 021. Appellant Respondent Appellant By : Shri. Madhur Aggrawal (Ar) Revenue By : Shri. Shiddaramappa (Dr) Date Of Hearing : 12.10.2021 Date Of Pronouncement: 25.10.2021

disallowance u/s 14A of the IT Act to the book profit of the assessee without appreciating the decision of the Hon‟ble ITAT Mumbai „F‟ Bench in the case of Deputy Commissioner of Income-tax, Central Circle -18 & 19, Mumbai v. Viraj Profiles Ltd. in ITA NO. 4439/ (MUM.) of 2013 for A.Y. 2008-09.” 2. Briefly stated, the assessee

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

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

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

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

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

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

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

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

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

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