SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

disallowed were genuine expenses and had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per Explanation 5A of section

SWARAN NADHAN SALARIA,MUMBAI vs. DICT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

disallowed were genuine expenses and had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per Explanation 5A of section

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

disallowed were genuine expenses and had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per Explanation 5A of section

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

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

disallowed were genuine expenses and had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per had been properly incurred. It was submitted that as per Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD ,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT -CENTRAL CIRCLE -1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

disallowance of expenses and income declared in return filed U/s 153A of the Act. On plain reading of Explanation 5A of section

ASIAN PAINTS LIMITED,SANTACRUZ vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

5A) The prescribed authority shall, if he is satisfied that the conditions provided in this rule and in sub-section (2AB) of section 35 of the Act are fulfilled, pass an order in writing in Form No. 3CM: Provided that a reasonable opportunity of being heard shall be granted to the company before rejecting an application.\" \"(7A) Approval of expenditure

DY. CIT CIRCLE 3(4), MUMBAI, MUMBAI vs. ASIAN PAINTS LTD, MUMBAI

In the result, appeals filed by assessee and Revenue for A

Bench: IN THE INCOME TAX APPELLATE TRIBUNAL, ‘A‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA (Judicial Member), SMT RENU JAUHRI (Accountant Member)

5A) The prescribed authority shall, if he is satisfied that the conditions provided in this rule and in sub-section (2AB) of section 35 of the Act are fulfilled, pass an order in writing in Form No. 3CM: Provided that a reasonable opportunity of being heard shall be granted to the company before rejecting an application." "(7A) Approval of expenditure

ASIAN PAINTS LIMITED,SANTACRUZ vs. ASSISTANT COMMISSIONER OF INCOME TAX, LTU CIRCLE 1, CUFFE PARADE

In the result, appeals filed by assessee and Revenue for\nA

5A)\nand (7A) is that when once the facilities approved, it is the\nend of the matter and whatever the expenditure that is\nincurred by the assessee shall be allowed without any\nquestion with weighted deduction, thereby attributing\nredundancy to the exercise under Rule 7A. The expression\n\"so incurred\" occurring in section 35(2AB) of the Act denotes\nthat

DY CIT CIRCLE 3(4), MUMBAI, MUMBAI vs. ASIAN PAINTS, MUMBAI

In the result, appeals filed by assessee and Revenue for\nA

5A)\nand (7A) is that when once the facilities approved, it is the\nend of the matter and whatever the expenditure that is\nincurred by the assessee shall be allowed without any\nquestion with weighted deduction, thereby attributing\nredundancy to the exercise under Rule 7A. The expression\n\"so incurred\" occurring in section 35(2AB) of the Act denotes\nthat

DY CIT CIRCLE -3(4), MUMBAI, MUMBAI vs. ASIAN PAINTS LIMITED, MUMBAI

5A)\nand (7A) is that when once the facilities approved, it is the\nend of the matter and whatever the expenditure that is\nincurred by the assessee shall be allowed without any\nquestion with weighted deduction, thereby attributing\nredundancy to the exercise under Rule 7A. The expression\n\"so incurred\" occurring in section 35(2AB) of the Act denotes\nthat

ASIAN PAINTS LIMITED,SANTACRUZ vs. DEPUTY COMMISSIONER OF INCOME TAX, LTU CIRCLE 2, CUFFE PARADE

In the result, appeals filed by assessee and Revenue for\nA

5A)\nand (7A) is that when once the facilities approved, it is the\nend of the matter and whatever the expenditure that is\nincurred by the assessee shall be allowed without any\nquestion with weighted deduction, thereby attributing\nredundancy to the exercise under Rule 7A. The expression\n\"so incurred\" occurring in section 35(2AB) of the Act denotes\nthat

ACIT, CIRCLE-2(1)(1), MUMBAI vs. M/S BANK OF INDIA, MUMBAI

In the result, the appeal by the Revenue for the assessment year 2018-

Bench: Shri Vikram Singh Yadavshri Sandeep Singh Karhailita No.1452/Mum/2023 Assessment Year : 2016-17 Assessment Year : 2018-19

section 143(3) of the Act, disagreed with the submissions of the assessee and held that perpetual bonds are in the nature of debt instruments with no maturity date. Only the issuing company can buy back the bonds from the investors. Therefore, it was held these bonds are perpetual in nature. Since in the case of perpetual bonds, the investor