GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD),MUMBAI vs. ADDL CIT LTU, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

section 80IA of the Act. The CIT(A) with regard to the deduction made towards excise / CENVAT / VAT directed the AO to rework the deduction based on actual expenditure and restrict the disallowance accordingly. Aggrieved the assessee is in appeal before the Tribunal. 12. The ld. AR submitted that this issue is identical to assessee's own case

ADITYA BIRLA NUVO LTD (SINCE AMALGAMATED WITH GRASIM INDUSTRIES LIMITED),MUMBAI vs. ASST CIT (LTU) 1, MUMBAI

section 80IA of the Act. The CIT(A) with regard to the deduction\nmade towards excise / CENVAT / VAT directed the AO to rework the deduction\nbased on actual expenditure and restrict the disallowance accordingly. Aggrieved\nthe assessee is in appeal before the Tribunal.\n15. We have heard the parties and perused the material on record. We\nnoticed that on identical

DCIT (LTU)-1, MUMBAI vs. ADITYA BIRLA NUVO LTD, MUMBAI

section 80IA of the Act. The CIT(A) with regard to the deduction\nmade towards excise / CENVAT / VAT directed the AO to rework the deduction\nbased on actual expenditure and restrict the disallowance accordingly. Aggrieved\nthe assessee is in appeal before the Tribunal.\n15. We have heard the parties and perused the material on record. We\nnoticed that on identical

MAHINDRA & MAHINDRA LTD,MUMBAI vs. ACIT RG 2(2)(2), MUMBAI

In the result, appeal by the assessee is partly allowed for statistical purpose

Bench: Shri Pramod Kumar & Shri Sandeep Singh Karhail

section 37(1) of the Act. It is trite that assessment proceedings before taxing authority are to assess correct tax liability. However, in the present case, the AO as well as learned DRP did not entertain the claim of the assessee in view of decision of Hon‟ble Supreme Court in Goetze (India) Ltd. (supra), without going into the merits

IPCA LABORATORIES LTD,MUMBAI vs. DCIT LTU, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

ACIT CEN CIR 13, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

DCIT (LTU) 1, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

DCIT CENT. CIR. 5(2), MUMBAI vs. IPCA LABORATORIES LTD., MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

IPCA LABORATORIES LTD,MUMBAI vs. ACIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

ASST CIT (LTU) 1, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

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

Disallowance of expenses under Section 14A of the Act was also made as per Rule 8D of ₹4,68,977/- against the exemption of the income amounting to ₹73,43,364/-. The learned Assessing Officer further examine the deduction under Section 80IB for Silvassa unit and found that assessee is claimed deduction on export incentive of DEPB

GODREJ CONSUMER PRODUCTS LTD,MUMBAI vs. DCIT CIR 14(1)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Pramod Kumar & Shri Pavan Kumar Gadalegodrej Consumer Vs. Dcit, Cc-14(1)(1) Products Ltd., Aayakar Bhavan, Kalyaniwalla & Mistry 4Th Floor, Mk Road, Llp, Esplanade House, Mumbai-400020. 2Nd Floor, 29, Hazarimal Somani Marg, Fort, Mumbai – 400 001. "थायी लेखा सं./जीआइआर सं./Pan/Gir No.: Aabcg3365J Appellant .. Respondent Appellant By : Mr.Farrokh.V. Irani.Ar Respondent By : Dr.Yogesh Kamat. Cit Dr & Mr.Satya Pinisetty.Dr Date Of Hearing 27.01.2022 Date Of Pronouncement 05.04.2022 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Assessee Has Filed The Appeal Against The Order U/S 143(3) R.W.S 144(C)(13) Of The Income Tax Act, 1961 Passed In Pursuance To Directions Of The Drp.The Assessee Has Raised The Following Grounds Of Appeal.

801C / 801E of the Act claimed by the eligible units of the Appellant by excluding claims received, miscellaneous income and sundry balances written back forming part of the 'Other Income' of such eligible units and in reducing the deduction claimed accordingly. 2.The learned Dispute Resolution Panel erred in confirming the action of th undertakings to the eligible undertakings

MAHINDRA & MAHINDRA LTD,MUMBAI vs. ADDL CIT RG 2(2), MUMBAI

In the result, appeal by the assessee is partly allowed

Bench: Shri Shamim Yahya & Shri Ram Lal Negi

Disallowance of deduction under section 80 1C — Rudrapur Unit On the facts and in the circumstances of the case and in law the Appellant objects to the arbitrary methodology of calculation of profits derived from the Appellant's Rudrapur Unit directed by the DRP and applied by Learned Addl CIT which has resulted in restricting deduction u/s. 801C

MARTIN AND HARRIS LABORATORIES LIMITED,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX (PCIT), AAYKAR BHAWAN,MUMBAI-400020

In the result, the present appeal by the Assessee is allowed

disallowance under Section 14A of the Act of INR 7,96,520/-. Deduction claimed by the Appellant under Section 80IC and Section 80G of the Act were accepted by the Assessing Officer. 4. Subsequently, on perusal of the assessment records the PCIT formed an opinion that there were certain discrepancies in respect of deduction claimed under Section 80IC

ANCHOR ELECTRICALS PVT. LTD.,MUMBAI vs. A.C.I.T. CEN.CIR.41, MUMBAI

In the result of appeals of the assessee are partly allowed

Bench: Shri C.N. Prasad () & Shri Ashwani Taneja ()

disallowances for computing income under normal provisions of the Act Not granting deduction under section 801C of the Act in 15. respect

DCIT 14(3)(1), MUMBAI vs. WOCKHARDT LTD, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy & Shri Om Prakash Kantvk-Vk-La- 2633@Eaqcbz@2015 ¼Fu-Oa- 2009&10½ M/S Wockhardt Ltd. Wockhardt Towers, Bandra Kurla Complex, Bandra (E) Mumbai-400 051 ..... Vihykfkhz/Appellant Pan No. Aaacw2472M Cuke Vs. Deputy Commissioner Of Income Tax Range 10 (1), Aayakar Bhavan, ..... Izfroknh/Respondent Mumbai-400 020 Vk-Vk-La- 2738@Eaqcbz@2015 ¼Fu-Oa- 2009&10½ Deputy Commissioner Of Income Tax Range 10 (1), Aayakar Bhavan, ..... Vihykfkhz/Appellant Mumbai-400 020 Cuke Vs. M/S Wockhardt Ltd. Wockhardt Towers, Bandra Kurla Complex, Bandra (E) Mumbai-400 051 ..... Izfroknh/Respondent Pan No. Aaacw2472M

section 80IB & 801C are claimed, on which the expenditure is not contributed to the earning of the income for which deduction is claimed. The assessing officer allocated interest cost to the units on turnover basis. The ld CIT(A) granted relief to the assessee by following the order of the Tribunal for various earlier years. We have noted that