SURANA MOTORS PRIVATE LIMITED ,MUMBAI vs. DY CIT, CPC, BANGALORE

In the result, all the appeals are allowed in the terms indicated above

60A, Kalina Church Cross Road, Santacruz (E) Mumbai 400 029 [PAN: AABCM4627P] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent ITA No.: 846/Mum/2022 Assessment year: 2018-19 Surana Motors Pvt Ltd., ……………...………… Appellant 2A, 1st Floor, Kitab Mahal, 192, Dr. D. N Road, Fort, Mumbai 400 001 [PAN: AAACS6682F] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent

T K STEEL ROLLING MILLS PRIVATE LIMITED,MUMBAI vs. DCIT, CPC, BANGALURU, BANGALURU

In the result, all the appeals are allowed in the terms indicated above

60A, Kalina Church Cross Road, Santacruz (E) Mumbai 400 029 [PAN: AABCM4627P] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent ITA No.: 846/Mum/2022 Assessment year: 2018-19 Surana Motors Pvt Ltd., ……………...………… Appellant 2A, 1st Floor, Kitab Mahal, 192, Dr. D. N Road, Fort, Mumbai 400 001 [PAN: AAACS6682F] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent

T K STEEL ROLLING MILLS PRIVATE LIMITED,MUMBAI vs. DCIT, CPC, , BANGALURU

In the result, all the appeals are allowed in the terms indicated above

60A, Kalina Church Cross Road, Santacruz (E) Mumbai 400 029 [PAN: AABCM4627P] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent ITA No.: 846/Mum/2022 Assessment year: 2018-19 Surana Motors Pvt Ltd., ……………...………… Appellant 2A, 1st Floor, Kitab Mahal, 192, Dr. D. N Road, Fort, Mumbai 400 001 [PAN: AAACS6682F] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent

STG REFRACTORY SERVICES PVT. LTD.,,MUMBAI-400042 vs. DY COMMISSIONER OF INCOME TAX , CENTRAL PROCESSING CENTRE, KARNATAKA-560500

In the result, all the appeals are allowed in the terms indicated above

60A, Kalina Church Cross Road, Santacruz (E) Mumbai 400 029 [PAN: AABCM4627P] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent ITA No.: 846/Mum/2022 Assessment year: 2018-19 Surana Motors Pvt Ltd., ……………...………… Appellant 2A, 1st Floor, Kitab Mahal, 192, Dr. D. N Road, Fort, Mumbai 400 001 [PAN: AAACS6682F] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent

M/S VAISHALI PHARMA LIMITED ,MUMBAI vs. DY CIT CPC, BANGALURU

In the result, all the appeals are allowed in the terms indicated above

60A, Kalina Church Cross Road, Santacruz (E) Mumbai 400 029 [PAN: AABCM4627P] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent ITA No.: 846/Mum/2022 Assessment year: 2018-19 Surana Motors Pvt Ltd., ……………...………… Appellant 2A, 1st Floor, Kitab Mahal, 192, Dr. D. N Road, Fort, Mumbai 400 001 [PAN: AAACS6682F] Vs. Deputy Commissioner of Income Tax, CPC Bengaluru ………………….…… Respondent

SUNIL AMRITLAL SHAH,MUMBAI vs. INCOME TAX OFFICER(IT) 4(2)(1), MUMBAI

The appeals are partly allowed

Bench: Prashant Maharishi, Am & Shri Raj Kumar Chauhan, Jm The Income Tax Officer(It) Sunil Amritlal Shah 4(2)(1) C/O Vimal Punimiya & Room No. 1708, Co.,501, 17Th Floor, Vs. Niranjan, Air India Building, 99, Marine Drive, Nariman Point, Mumbai 400002 Mumbai 400021 (Appellant) (Respondent) Pan No. Hvnps5321F The Income Tax Officer(It) Rita Sunil Shah 4(2)(1) C/O Vimal Punimiya & Room No. 1708, Co.,501, 17Th Floor, Vs. Niranjan, Air India Building, 99, Marine Drive, Nariman Point, Mumbai 400002 Mumbai 400021 (Appellant) (Respondent) Pan No. Djgps8073B

disallowance of the claim of the deduction u/s 54 of the act thereby treating the same as concealment/furnishing of inappropriate particulars of income. 3. Ld. AO erred in initiating penalty proceedings under section 271(1)(c) on the grounds of the variance in the calculation of indexed cost of acquisition of Rs.76,19,860/- by the assessee against the value

RITA SUNIL SHAH,MUMBAI vs. INCOME TAX OFFICER(IT) 4(2)(1), MUMBAI

The appeals are partly allowed

Bench: Prashant Maharishi, Am & Shri Raj Kumar Chauhan, Jm The Income Tax Officer(It) Sunil Amritlal Shah 4(2)(1) C/O Vimal Punimiya & Room No. 1708, Co.,501, 17Th Floor, Vs. Niranjan, Air India Building, 99, Marine Drive, Nariman Point, Mumbai 400002 Mumbai 400021 (Appellant) (Respondent) Pan No. Hvnps5321F The Income Tax Officer(It) Rita Sunil Shah 4(2)(1) C/O Vimal Punimiya & Room No. 1708, Co.,501, 17Th Floor, Vs. Niranjan, Air India Building, 99, Marine Drive, Nariman Point, Mumbai 400002 Mumbai 400021 (Appellant) (Respondent) Pan No. Djgps8073B

disallowance of the claim of the deduction u/s 54 of the act thereby treating the same as concealment/furnishing of inappropriate particulars of income. 3. Ld. AO erred in initiating penalty proceedings under section 271(1)(c) on the grounds of the variance in the calculation of indexed cost of acquisition of Rs.76,19,860/- by the assessee against the value

BREACH CANDY HOSPITAL TRUST,MUMBAI vs. ACIT (E) - 1(1), MUMBAI

In the result, the appeal is allowed as indicated above

Bench: S/Shri Saktijit Dey & Manoj Kumar Aggarwalassessment Year 2012-13 Breach Candy Hospital Trust, Acit (E)- 1(1), 60A, Bhulabhai Desai Road, Mumbai Vs. Mumbai 400 012. Pan Aaatb0214D (Appellant) (Respondent)

60A, Bhulabhai Desai Road, Mumbai Vs. Mumbai 400 012. PAN AAATB0214D (Appellant) (Respondent) Appellant By : Shri Ketan Ved & Shri Shyam Sunder Sharma Respondent By : Ms Samatha Mullamudi Date of Hearing :01.10.2019 Date of Pronouncement : 11.10.2019 O R D E R Per Saktijit Dey, Judicial Member: This is an appeal by the assessee against order, dated 05.03.2018, of learned

MASTER POLISHERS PRIVATE LIMITED,MUMBAI vs. ASSISTANT DIRECTOR OF INCOME TAX, CPC, BANGALORE, BANGALORE

In the result, appeal filed by the Assessee stands dismissed

Bench: Shri N. K. Choudhry, Jm & Shri S Rifaur Rahman, Am

60A Kalina Church Cross Road, 48/1, 48/2, Beratenaagrahara Santacruz (E), Vs. Begur, Hosur Road, Uttarahalli Mumbai-400029. Hobli, Bengaluru, Karnataka-560100 PAN No. AABCM4627P Appellant) : Respondent) Appellant/Assessee by : None Revenue/Respondent by : Shri Ujjawal Kumar Chavan, Sr. DR Date of Hearing : 18.10.2023 Date of Pronouncement : 25.10.2023 O R D E R Per N. K. Choudhry, JM: The Assessee has preferred this