M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

In the result, the appeal by the assessee is partly allowed, while the\nappeal by the Revenue is dismissed

40A(3) aggregating Rs 1,39,81,267 being the rent\nexpenses incurred during the year under reference.\n7.2. It is submitted that in the facts and in the circumstances of the case and in\nlaw, the CIT(A) sustained the disallowance of rent expenses under section\n40A(3) without appreciating the facts of the case and hence, pray that

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

40A(3) aggregating Rs 1,39,81,267 being the rent\nexpenses incurred during the year under reference.\n7.2. It is submitted that in the facts and in the circumstances of the case and in\nlaw, the CIT(A) sustained the disallowance of rent expenses under section\n40A(3) without appreciating the facts of the case and hence, pray that

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

40A(3) aggregating Rs 1,39,81,267 being the rent\nexpenses incurred during the year under reference.\n\n7.2. It is submitted that in the facts and in the circumstances of the case and in\nlaw, the CIT(A) sustained the disallowance of rent expenses under section\n40A(3) without appreciating the facts of the case and hence, pray

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

40a (ia) of the act, accordingly ₹ 8,940,897/– being 30% of ₹ 29,802,989 was disallowed. v. Assessee has claimed deduction under section 35 (2AB) of the act at the rate of 200% of such expenditure incurred of ₹ 627,182,992 (deduction claimed of ₹ 1,254,365,984). The assessee was asked to furnish the form number 3CL wherein

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

5. The Tribunal while accepting assessee observed that the assessee had made such contribution to the medical benefit scheme specially envisaged for the retired employees of the bank. Sub-section (9) of Section 40A of the Act, in the opinion of the Tribunal was inserted to discourage the practice of creation of bogus funds and not to hit genuine expenditure

DY..C.I.T., BANGALORE vs. M/S STATE BANK OF MYSORE, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

5. The Tribunal while accepting assessee observed that the assessee had made such contribution to the medical benefit scheme specially envisaged for the retired employees of the bank. Sub-section (9) of Section 40A of the Act, in the opinion of the Tribunal was inserted to discourage the practice of creation of bogus funds and not to hit genuine expenditure

DENTSU AEGIS NETWORK INDIA PRIVATE LIMITED(ERSTWHILE VIZEUM MEDIA SERVICE INDIA MERGED IN DAN INDIA),MUMBAI vs. INCOME TAX OFFICER, CIRCLE 8(3)(2), MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Rahul Chaudhary & Shri Makarand Vasant Mahadeokardentsu Aegis Network Dcit Central India Private Limited Circle-1(1), (Erstwhile Vizeum Media Vs. Aayakar Bhavan, Service India Merged Maharashi Karve With Dentsu Aegis Marg, Mumbai-400 Network India Private 020 Limited W.E.F. 1St April 2017) 2Nd Floor, Devchand House, Dr. A. B. Road, Shiv Sagar Estate Mumbai, Worli So, Mumbai-400 018 Pan/Gir No. Aahca3058N (Applicant) (Respondent) Assessee By Shri Ketan Ved & Shri Abdul Kadir Jawadwala, Ld. Ars Revenue By Shri Annavaram Kosuri, Ld. Dr Date Of Hearing 02.02.2026 Date Of Pronouncement 20.02.2026

disallowance of salary recharge and reimbursement of expenses amounting to Rs. 62,50,720/- under section 37(1) read 3 Dentsu Aegis Network India Private Limited with section 40A(2)(b) of the Act. The relevant facts, as emerging from the assessment order, are recorded hereunder. 4. The Assessing Officer observed from the details of expenses claimed under the head

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

5,84,12,807/-wherein following additions/disallowances were made:- i. of ₹44,35,916/- disallowed as unproved transportation charges under Section 37 of the Act. ii. Of ₹2,87,26,562/- unproved purchases under Section 37 of the Act. iii. Disallowance under Section 40A

ASST CIT 3, MUMBAI vs. PRAMOD RATAN PATIL, MUMBAI

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

5,84,12,807/-wherein following additions/disallowances were made:- i. of ₹44,35,916/- disallowed as unproved transportation charges under Section 37 of the Act. ii. Of ₹2,87,26,562/- unproved purchases under Section 37 of the Act. iii. Disallowance under Section 40A

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

40A(3) without appreciating the facts of the case and hence, pray that impugned disallowance of Rs 1,39,81,267 is bad in law and ought to be deleted. 8. Disallowance of deduction under section 80P 8.1. The CIT(A) erred in sustaining the disallowance made by the Assessing Officer of deduction under section 80P claimed by the appellants

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

40A(3) without appreciating the facts of the case and hence, pray that impugned disallowance of Rs 1,39,81,267 is bad in law and ought to be deleted. 8. Disallowance of deduction under section 80P 8.1. The CIT(A) erred in sustaining the disallowance made by the Assessing Officer of deduction under section 80P claimed by the appellants

ADDL CIT RG 4(3), MUMBAI vs. MORGAN STANLEY INDIA CO P. LTD, MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5

MORGAN STANLEY INDIA COMPANY P. LTD,MUMBAI vs. ADDL CIT 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5

MORGAN STANLEY INDIA COMPANY P.LTD,MUMBAI vs. ADDL CIT RG 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5

MORGAN STANLEY INDIA COMPANY P.LTD,MUMBAI vs. ASST CIT RG 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5

DCIT 4(3), MUMBAI vs. JM MORGAN STANLEY SECURITIES P. LTD, MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5

MORGAN STANLEY INDIA COMPANY P.LTD,MUMBAI vs. ADDL CIT RG 4(3), MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5

DCIT CIR. 4(3)(2), MUMBAI vs. MORGAN STANLEY INDIA CO. PVT. LTD., MUMBAI

In the result, appeal of the assessee is partly allowed and ground of the Revenue is dismissed

section 32(1) of the Act. 2. Disallowance of club membership fees of Rs. 24,000 paid by assessee 3. Disallowance of remuneration paid to Mr. Ashith Kampani u/s 40A(2) 4. Disallowance of interest u/s 40(A)(2)(b) 5