ELARA CAPITAL (INDIA) PRIVATE LIMITED,MUMBAI vs. ACIT- CIRCLE 6(2)(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2017-18 Elara Capital (India) Pvt. Ltd., The Acit-Circle 6(2)(2), Tower 3, 21St Floor, One Room No. 506, 5Th Floor, Vs. International Center, Senapati Aayakar Bhavan, Maharshi Bapat Marg, Elphinstone Karve Road, Mumbai- Road (West), Mumbai-400013. 400020. Pan No. Aabce 6487 B Appellant Respondent

section 14A together with Rule 8D(2)( )(ii) of the Income-tax Rules, 1962. Tribunal relied Tribunal relied upon the decision of the Delhi High Court upon the decision of the Delhi High Court in the case of in the case of Cheminvest Ltd. v. CIT [2015] 61 taxmann.com 118 com 118/234 Cheminvest Ltd Taxman 761/378 ITR 33 (Delhi

KPMG ASSURANCE AND CONSULTING SERVICES LLP,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX-CIRCLE-16(2), MUMBAI

Section 195\nof the Act, the Assessing Officer made disallowance of INR\n11,21,42,029/- invoking provisions contained in Section

DCIT, CIR 16(2), MUMBAI vs. M/S KPMG ASSURANCE AND CONSULTING SERVICES LLP, MUMBAI

Section 195\nof the Act, the Assessing Officer made disallowance of INR\n11,21,42,029/- invoking provisions contained in Section

KPMG ASSURANCE AND CONSULTING SERVICES LLP,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX -16(2), MUMBAI

Section 195\nof the Act, the Assessing Officer made disallowance of INR\n11,21,42,029/- invoking provisions contained in Section

DCIT 2(1)(1), MUMBAI vs. BAJAJ ELECTRICALS LTD, MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

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

42,097/-. The AO complete the assessment by making the following disallowance: (i) Disallowance under section 14A r.w.r. 8D - Rs. 84,68,874/- 34 ITA 4172/M/13-5749-5750/M/15-110-

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

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

42,097/-. The AO complete the assessment by making the following disallowance: (i) Disallowance under section 14A r.w.r. 8D - Rs. 84,68,874/- 34 ITA 4172/M/13-5749-5750/M/15-110-

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

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

42,097/-. The AO complete the assessment by making the following disallowance: (i) Disallowance under section 14A r.w.r. 8D - Rs. 84,68,874/- 34 ITA 4172/M/13-5749-5750/M/15-110-

ASIA INVESTMENTS PVT.. LTD.,MUMBAI vs. DCIT ,CIRCLE 2 (1)(1), MUMBAI

In the result, all the three appeal

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

Section 14A r.w.r. 8D. Appellant has disallowed suo 14A r.w.r. 8D. Appellant has disallowed suo-motto an amount of motto an amount of Rs.9,08,52,583/ Rs.9,08,52,583/- but there is no proper justification for such but there is no proper justification for such disallowance. As per the appellant's admission by letter dated disallowance

APL LOGISTICS (INDIA) P.LTD,MUMBAI vs. ASST CIT 10(1), MUMBAI

In the result, appeal of the assessee is partly allowed

42. Both sides heard, orders of the authorities below examined. & 2917 M 15- APL Logistics (India) Pvt. Ltd. 43. In respect of disallowance under section

DCIT 10(1), MUMBAI vs. APL LOGISTICS (INDIA) P. LTD, MUMBAI

In the result, appeal of the assessee is partly allowed

42. Both sides heard, orders of the authorities below examined. & 2917 M 15- APL Logistics (India) Pvt. Ltd. 43. In respect of disallowance under section

APL LOGISTICS (INDIA) P. LTD,MUMBAI vs. ASST CIT 10(1), MUMBAI

In the result, appeal of the assessee is partly allowed

42. Both sides heard, orders of the authorities below examined. & 2917 M 15- APL Logistics (India) Pvt. Ltd. 43. In respect of disallowance under section

APL LOGISTICS P.LTD,MUMBAI vs. DCIT 14(1)(1), MUMBAI

In the result, appeal of the assessee is partly allowed

42. Both sides heard, orders of the authorities below examined. & 2917 M 15- APL Logistics (India) Pvt. Ltd. 43. In respect of disallowance under section

DCIT 10(1), MUMBAI vs. APL LOGISTICS (INDIA ) P.LTD, MUMBAI

In the result, appeal of the assessee is partly allowed

42. Both sides heard, orders of the authorities below examined. & 2917 M 15- APL Logistics (India) Pvt. Ltd. 43. In respect of disallowance under section

APL LOGISTICS (INDIA) P. LTD,MUMBAI vs. ACIT 10(1), MUMBAI

In the result, appeal of the assessee is partly allowed

42. Both sides heard, orders of the authorities below examined. & 2917 M 15- APL Logistics (India) Pvt. Ltd. 43. In respect of disallowance under section

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned\nissue back to the AO with similar directions. The grounds raised by the assessee in\nthis regard are allowed for statistical purposes

42,097/-. The\nAO complete the assessment by making the following disallowance:\n(i) Disallowance under section 14A r.w.r. 8D\n- Rs.84

DEPUTY COMMISSIONER OF INCOME TAX, CC-7(3), MUMBAI vs. M/S MACROTECH DEVELOPERS LIMITED , MUMBAI

Accordingly should be allowed as a deduction

Bench: Shri Kuldip Singh () & Ms. Padmavathy S. ()

42,384.86 48,477.16 Optionally Convertible Redeemable Debentures Less: Investment in Share 89 25.47 25.47 Warrants 6 ITA 2382 & 2383/Mum/2022 Macrotech Developers Ltd Less: Investment in Foreign 1,922.37 1,953.79 Companies* Investments to be considered 51,977.40 58,539.79 for 14A 8. Accordingly, the ld AR submitted that no disallowance under section

DEPUTY COMMISSIONER OF INCOME TAX CC-7(3), MUMBAI vs. M/S MACROTECH DEVELOPERS LIMITED (FORMERLY KNOWN AS LODHA DEVELOPERS PVT LTD) (SUCCESSOER OF M/S BELLISSIMO CROWN BUILDMART PVT LTD ), MUMBAI

Accordingly should be allowed as a deduction

Bench: Shri Kuldip Singh () & Ms. Padmavathy S. ()

42,384.86 48,477.16 Optionally Convertible Redeemable Debentures Less: Investment in Share 89 25.47 25.47 Warrants 6 ITA 2382 & 2383/Mum/2022 Macrotech Developers Ltd Less: Investment in Foreign 1,922.37 1,953.79 Companies* Investments to be considered 51,977.40 58,539.79 for 14A 8. Accordingly, the ld AR submitted that no disallowance under section