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

section 14A r.w.r. 8D - Rs. 1,19,07,328/- (ii) Disallowance of Expenditure towards ESOP - Rs. 7,35,861/- (iii) Disallowance of prior period expenses - Rs. 7,50,558/- (iv) Difference in TDS information - Rs. 72

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

section 14A r.w.r. 8D - Rs. 1,19,07,328/- (ii) Disallowance of Expenditure towards ESOP - Rs. 7,35,861/- (iii) Disallowance of prior period expenses - Rs. 7,50,558/- (iv) Difference in TDS information - Rs. 72

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

section 14A r.w.r. 8D - Rs. 1,19,07,328/- (ii) Disallowance of Expenditure towards ESOP - Rs. 7,35,861/- (iii) Disallowance of prior period expenses - Rs. 7,50,558/- (iv) Difference in TDS information - Rs. 72

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 read with Rule 8D can be made where no exempt income was received by the appellant 8D can be made where no exempt income was received by the appellant 8D can be made where no exempt income was received by the appellant during the year under consideration. during the year under consideration. 6. On the facts

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

section\n14A r.w.r 8D and thus the grounds raised by the assessee in this regard are allowed.\nDisallowance of commission expenses – Ground No.2\n16.\nThe AO during the course of assessment noticed that the assessee has paid\ncommission of Rs.17,06,10,525/- and that the assessee has in the original return of\nincome has made a disallowance of Rs.50

BENNETT PROPERTY HOLDINGS COMPANY LIMITED,MUMBAI vs. ADDITIONAL -JOINT -DEPUTY-ASST. COMMISSIONER OF INCOME TAX- ITO, DELHI

Section 14A(2) of the Act without coming to an objective satisfaction based on the accounts of the appellant that the disallowance made in the return of income was incorrect, the order of the Ld. CIT(A) confirming the said disallowance of Rs 6,72

DCIT 2(2), MUMBAI vs. STATE BANK OF INDIA, MUMBAI

In the result appeal filed by the assessee for assessment year 2006 – 07 and 2007 – 08 is partly allowed

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal , Jm A.Y.2006-07 [ By Assessee] &

section 260A of the Act, we are not inclined to disturb such a finding of fact, that too, when the legal position is very clear." 59) The honourable High Court has categorically held in paragraph number 24 -25 that the legal position is very ` clear on this issue. In view of the decision of honourable high court we also

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

section\n14A r.w.r 8D and thus the grounds raised by the assessee in this regard are allowed.\n13\nITA 4172/M/13-5749-5750/M/15-110- 111/M/16\nBajaj Electricals Limited\nDisallowance of commission expenses – Ground No.2\n16.\nThe AO during the course of assessment noticed that the assessee has paid\ncommission of Rs.17,06,10,525/- and that the assessee has in the original return

BENNETT PROPERTY HOLDINGS COMPANY LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - 1 (1) (1), MUMBAI, MUMBAI

Section 14A(2) of the Act without coming to an objective satisfaction based on the accounts of the appellant that the disallowance made in the return of income was incorrect, the order of the Ld. CIT(A) confirming the said disallowance of Rs 6,72

MACROTECH DEVELOPRS LTD,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 7(3), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

disallowed under section 40 (a) (i) of the act." 050. The learned authorized representative referred to each of the payment and submitted that all the parties are based out of Singapore. The services rendered by them are in the nature of architectural/landscape design and layout, interior designing and lighting services provided by the vendor's while proceeding with the development

MACROTECH DEVELOPERS LTD.(SUCCESSOR TO BELLISSIMO CROWN BUILDMART PVT LTD.,,MUMBAI vs. DCIT CENTRAL CIRCLE 7(3), MUMBAI

The appeal is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

disallowed under section 40 (a) (i) of the act." 050. The learned authorized representative referred to each of the payment and submitted that all the parties are based out of Singapore. The services rendered by them are in the nature of architectural/landscape design and layout, interior designing and lighting services provided by the vendor's while proceeding with the development

RELIANCE RETAIL LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 8(1)(1), MUMBAI

In the result, the appeal filed by the Revenue is dismissed,\nwhereas the appeal filed by the assessee is partly allowed

disallowance of AJIO marketing expenditure amounted\nto Rs. 79,43,19,538/- after allowing depreciation.\n50. During the proceedings before CIT(A), the assessee made\ndetailed submissions explaining the nature and allowability of\nmarketing expenditure incurred in relation to the AJIO e-\ncommerce platform.\n51. The assessee submitted that the learned NFAC had already\nadjudicated the identical issue

SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

disallowed. In response thereto, the assessee submitted that the\nsociety deals with the account holders, who are members and all the\ntransactions are carried out by the members of the society. It was further\nsubmitted that all the co-operative societies other than those coming under\nthe control of RBI are eligible for deduction under section

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

disallowed. In response thereto, the assessee submitted that the\nsociety deals with the account holders, who are members and all the\ntransactions are carried out by the members of the society. It was further\nsubmitted that all the co-operative societies other than those coming under\nthe control of RBI are eligible for deduction under section

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

disallowed. In response thereto, the assessee submitted that the\nsociety deals with the account holders, who are members and all the\ntransactions are carried out by the members of the society. It was further\nsubmitted that all the co-operative societies other than those coming under\nthe control of RBI are eligible for deduction under section

ACIT-1(1)(1), MUMBAI, MUMBAI vs. BENNETT PROPERTY HOLDINGS COMPANY LIMITED, MUMBAI

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

Section 14A(2) of the Act without coming to an objective satisfaction based on the accounts of the appellant that the disallowance made in the return of income was incorrect, the order of the Ld. CIT(A) confirming the said disallowance of Rs 6,72

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

disallowed. In response thereto, the assessee submitted that the\nsociety deals with the account holders, who are members and all the\ntransactions are carried out by the members of the society. It was further\nsubmitted that all the co-operative societies other than those coming under\nthe control of RBI are eligible for deduction under section

ASST. COMMISSIONER OF INCOME TAX, MUMBAI vs. RELIANCE RETAIL LIMITED, MUMBAI

In the result, the appeal filed by the Revenue is dismissed, whereas the appeal filed by the assessee is partly allowed

Bench: SHRI SAKTIJIT DEY (Vice President), SHRI MAKARAND VASANT MAHADEOKAR (Accountant Member)

disallowance of AJIO marketing expenditure amounted to Rs. 79,43,19,538/- after allowing depreciation. 50. During the proceedings before CIT(A), the assessee made detailed submissions explaining the nature and allowability of marketing expenditure incurred in relation to the AJIO e- commerce platform. 51. The assessee submitted that the learned NFAC had already adjudicated the identical issue