STATE BANK OF INDIA,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX-2, MUMBAI

In the result, appeal of the assessee is dismissed

section (1) applies, no such\ndeduction shall be allowed unless the assessee\nhas debited the amount of such debt or part of\ndebt in that previous year to the provision for\nbad and doubtful debts account made under that\nclause\"\nIn view of the above, the allowability of claim of bad\ndebts written-off u/s 36(1

HDFC BANK LIMITED (AS SUCCESSOR TO HOUSING DEVELOPMENT FINANCE CORPORATION LTD),MUMBAI vs. DCIT RG 1(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

section 36(1)(viii). VIII. Disallowance of entrance fees and subscriptions paid to clubs. IX. Exemption u/s. 54EC in respect of capital gains arising on depreciable assets. X. Disallowance of FCCB issue expenses. XI. Set-off of short-term capital loss. XII. Income from India Value Fund. 11 HDFC Bank Ltd. ITA No.4315/MUM/2007

HDFC BANK LIMITED (AS SUCCESSOR TO HOUSING DEVELOPMENT FINANCE CORPORATION LTD),MUMBAI vs. DCIT 1(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

section 36(1)(viii). VIII. Disallowance of entrance fees and subscriptions paid to clubs. IX. Exemption u/s. 54EC in respect of capital gains arising on depreciable assets. X. Disallowance of FCCB issue expenses. XI. Set-off of short-term capital loss. XII. Income from India Value Fund. 11 HDFC Bank Ltd. ITA No.4315/MUM/2007

ADDL CIT RG 1(1), MUMBAI vs. HDFC LTD, MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

section 36(1)(viii). VIII. Disallowance of entrance fees and subscriptions paid to clubs. IX. Exemption u/s. 54EC in respect of capital gains arising on depreciable assets. X. Disallowance of FCCB issue expenses. XI. Set-off of short-term capital loss. XII. Income from India Value Fund. 11 HDFC Bank Ltd. ITA No.4315/MUM/2007

HDFC BANK LIMITED (AS SUCCESSOR TO HOUSING DEVELOPMENT FINANCE CORPORATION LTD),MUMBAI vs. ADDL CIT RG 1(1), MUMBAI

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

section 36(1)(viii). VIII. Disallowance of entrance fees and subscriptions paid to clubs. IX. Exemption u/s. 54EC in respect of capital gains arising on depreciable assets. X. Disallowance of FCCB issue expenses. XI. Set-off of short-term capital loss. XII. Income from India Value Fund. 11 HDFC Bank Ltd. ITA No.4315/MUM/2007

PATEL ENGINEERING LIMITED ,MUMBAI vs. DCIT CC-3(4), MUMBAI

In the result, appeals of the Revenue are dismissed, except for one ground no

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

XVII of the Act and no TDS was allowable to be deducted. Accordingly, the order of the ld. CIT M/s. Patel Engineering Limited (A) is confirmed and the grounds raised by the Revenue in both the years are dismissed. ITA NOs.2801/Mum/2024 & 3063/Mum/2024 19. These are the cross appeals filed by the assessee as well as by the Revenue against order

ICICI BANK LTD,MUMBAI vs. ADDL CIT RG 3 (1), MUMBAI

36(1)(vii) as explained by Hon'ble Apex Court in\nthe case of TRF Ltd. (supra) is, it is sufficient if the bad debt is written off\nas irrecoverable in accounts of the assessee. The Act does not require the\nassessee to establish that the debts have in fact become bad before\nwriting off. The CBDT vide Circular dated

DCIT CIR 3(1), MUMBAI vs. ICICI BANK LTD, MUMBAI

36(1)(vii) as explained by Hon'ble Apex Court in\nthe case of TRF Ltd. (supra) is, it is sufficient if the bad debt is written off\nas irrecoverable in accounts of the assessee. The Act does not require the\nassessee to establish that the debts have in fact become bad before\nwriting off. The CBDT vide Circular dated

DCIT CC - 3(4), MUMBAI, MUMBAI vs. PATEL ENGINEERING LIMITED, MUMBAI

In the result, appeals of the Revenue are dismissed,\nexcept for one ground no

XVII of the Act and no TDS was\nallowable to be deducted. Accordingly, the order of the ld. CIT\n15\nITA No. 3068/Mum/2024 and others\nM/s. Patel Engineering Limited\n(A) is confirmed and the grounds raised by the Revenue in both\nthe years are dismissed.\nITA NOs.2801/Mum/2024 & 3063/Mum/2024\n19. These are the cross appeals filed by the assessee

ASST.COMMISSIONER OF INCOME-TAX (TDS)2(1), MUMBAI, MUMBAI vs. PATEL ENGINEERING LIMITED, MUMBAI

XVII of the Act and no TDS was\nallowable to be deducted. Accordingly, the order of the ld. CIT\n15\nITA No. 3068/Mum/2024 and others\nM/s. Patel Engineering Limited\n(A) is confirmed and the grounds raised by the Revenue in both\nthe years are dismissed.\nITA NOs.2801/Mum/2024 & 3063/Mum/2024\n19. These are the cross appeals filed by the assessee

PATEL ENGINEERING LIMITED ,MUMBAI vs. DCIT-CC-3(4), MUMBAI

In the result, appeals of the Revenue are dismissed,\nexcept for one ground no

XVII of the Act and no TDS was\nallowable to be deducted. Accordingly, the order of the ld. CIT\n15\nITA No. 3068/Mum/2024 and others\nM/s. Patel Engineering Limited\n(A) is confirmed and the grounds raised by the Revenue in both\nthe years are dismissed.\nITA NOs.2801/Mum/2024 & 3063/Mum/2024\n19. These are the cross appeals filed by the assessee

DCIT CC- 3(4), MUMBAI, MUMBAI vs. PATEL ENGINEERING LIMITED, MUMBAI

XVII of the Act and no TDS was\nallowable to be deducted. Accordingly, the order of the ld. CIT\n15\nITA No. 3068/Mum/2024 and others\nM/s. Patel Engineering Limited\n(A) is confirmed and the grounds raised by the Revenue in both\nthe years are dismissed.\nITA NOs.2801/Mum/2024 & 3063/Mum/2024\n19. These are the cross appeals filed by the assessee

ASST.COMMISSIONER OF INCOME TAX, TDS 2 1, MUMBAI vs. PATEL ENGINEERING LIMITED, MUMBAI

In the result, appeals of the Revenue are dismissed,\nexcept for one ground no

XVII of the Act and no TDS was\nallowable to be deducted. Accordingly, the order of the ld. CIT\n15\nITA No. 3068/Mum/2024 and others\nM/s. Patel Engineering Limited\n(A) is confirmed and the grounds raised by the Revenue in both\nthe years are dismissed.\nITA NOs.2801/Mum/2024 & 3063/Mum/2024\n19. These are the cross appeals filed by the assessee

CALIBEHR BUSINESS SUPPORT SERVICES PVT LTD.,,MUMBAI vs. ASST DIRECTOR OF INCOME TAX, CPC/ ASST COMM OF INCOME TAX CIRCLE-1(2)(1), BANGALOR

In the result, appeal of the assessee for assessment year 2019 – 20 is partly allowed

Bench: Shri Vikas Awasthy, Jm & Shri Prashant Maharishi, Am

section 254 (1) of the Act. 23. Some facts are required to be looked in to decide this appeal :- i. Assessee filed its ROI on 31/10/2018 at Rs. 69,80,460/-. It is placed at paper book page no 1 in ITR -6. . ii. As per ROI, No disallowance u/s 40 as per serial no 8 of ITR -6 acknowledgements

CALIBEHR BUSINESS SUPPORT SERVICES PRIVATE LIMITED,MUMBAI vs. ASSESSING OFFICER, NATIONAL E-ASSESSEMENT CENTRE , DELHI

In the result, appeal of the assessee for assessment year 2019 – 20 is partly allowed

Bench: Shri Vikas Awasthy, Jm & Shri Prashant Maharishi, Am

section 254 (1) of the Act. 23. Some facts are required to be looked in to decide this appeal :- i. Assessee filed its ROI on 31/10/2018 at Rs. 69,80,460/-. It is placed at paper book page no 1 in ITR -6. . ii. As per ROI, No disallowance u/s 40 as per serial no 8 of ITR -6 acknowledgements

CALIBEHR BUSINESS SUPPORT SERVICES PVT LTD.,,MUMBAI vs. ASST DIRECTOR OF INCOME TAX, CPC/ ASST COMM OF INCOME TAX CIRCLE-1(2)(1), BANGALOR

In the result, appeal of the assessee for assessment year 2019 – 20 is partly allowed

Bench: Shri Vikas Awasthy, Jm & Shri Prashant Maharishi, Am

section 254 (1) of the Act. 23. Some facts are required to be looked in to decide this appeal :- i. Assessee filed its ROI on 31/10/2018 at Rs. 69,80,460/-. It is placed at paper book page no 1 in ITR -6. . ii. As per ROI, No disallowance u/s 40 as per serial no 8 of ITR -6 acknowledgements

ACIT CC 4 3, MUMBAI, MUMBAI vs. MAERSK LINE INDIA PRIVATE LIMITED, MUMBAI

In the result, the appeal filed by the Revenue is allowed for statistical\npurposes

XVII-B of the Act in the year under consideration,\nwhile making payments to the parties. Since this issue is restored to the\nfile of the AO for consideration afresh, the assessee shall be at liberty to\nfurnish all the details in support of its claim. We order accordingly. Needless\nto mention, no order shall be passed without affording reasonable

EMERSON ELECTRIC COMPANY (INDIA)PVT. LTD,MUMBAI vs. DCIT 1(2) (1) JURISDICTIONAL ASSESSING OFFICER, MUMBAI

In the result, this ground of appeal is allowed

Bench: Shri Pawan Singh&Girish Agrawal(Physical Hearing) Emerson Electric Company (India) Dcit, Range-1(2)(1), Mumbai Private Limited, Delphi ‘B’ Wing, Vs Aayakar Bhawan, 601-603, Orchard Avenue, Mumbai Hiranandani Business Park, Powai, Mumbai-400076. [Pan No. Aaace1260B] Appellant / Assessee Respondent / Revenue

36(1)(va) of Rs. 8,47,074/-. The ld. AR of the assessee fairly submits that this ground of appeal is covered against the assessee by the decision of Hon’ble Supreme Court in the case of Checkmate Services P. Ltd. Vs CIT in Civil Appeal No. 2833/2016 (SC). Considering the fairness of assessee and the decision