ESSEL MINING & INDUSTRIES LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), MUMBAI

In the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year the result, the appeal of the Revenue for assessment year

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2011-12 & Assessment Year: 2012-13 Essel Mining & Industries Ltd., Dy. Cit, Central Circle-1(4), Industry House, 18Th Floor, 10, 9Th Floor, Old Cgo Building, Camac Street, Vs. Mk Road, Kolkata-700017. Mumbai-400020. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 & Assessment Year: 2012-13 Jcit, Central Circle-1(4), M/S Essel Mining & Industries Room No. 902, Pratishtha Ltd., Bhavan, 9Th Floor, Old Cgo Vs. Industry House, 18Th Floor, 10, Building Annexe, Camac Street, Mumbai-400020. Kolkata-700017. Pan No. Aaace 6607 L Appellant Respondent Assessment Year: 2011-12 M/S Essel Mining & Industries Dy. Cit, Central Circle-1(4), Ltd., 9Th Floor, Old Cgo Building, Vs. Industry House, 18Th Floor, 10, Mk Road

ii) undisclosed income or property discovered in the course of search." income or property discovered in the course of search." income or property discovered in the course of search." 20.5 The Hon'ble Bombay High Court has examined this 20.5 The Hon'ble Bombay High Court has examined this 20.5 The Hon'ble Bombay High Court has examined this issue

GRASIM INDUSTRIES LTD ( CORPORATE FINANCE DIVISION),MUMBAI vs. ADDL CIT RG 6(3), MUMBAI

Bench: the CIT(A). The CIT(A) partly allowed the appeal preferred by the Assessee vide order, dated 18/05/2009. 4. Not being satisfied with the relief granted by the Id. CIT(A), the Assessee has preferred appeal before this Tribunal. The Revenue has also filed cross-appeal challenging the relief granted by the Id. CIT(A).

house property excluding the portions occupied by the Assessee for the purpose of business or profession can be computed. However, the Revenue has failed to point out corresponding provision providing for Assessment Years: 2006-2007 computation of depreciation and WDV of Block of Assets excluding the WDV of the asset let out during the relevant previous year. 7.8. We note

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

ASST CIT CC 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

THE PHOENIX MILLS LTD,MUMBAI vs. DCIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

ASST CIT CC 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

section 143(3) we find that the A.O. vide assessment order dated 29.12.2010 had already allocated certain expenses as being attributable to rental Income. With respect to the test whether a particular expenditure 12 M/s. The Phoenix Mills Ltd. pertains to business activity or rental activity, all the expenses had already been examined by the AO and thereafter an opinion

ACIT 6(3), MUMBAI vs. GRASIM INDUSTRIES LTD, MUMBAI

house property\nexcluding the portions occupied by the Assessee for the purpose of\nbusiness or profession can be computed. However, the Revenue has\nfailed to point out corresponding provision providing for\ncomputation of depreciation and WDV of Block of Assets excluding\nthe WDV of the asset let out during the relevant previous year.\n7. 8. We note that Section

MOHAN GURNANI,NAVI MUMBAI vs. DCIT CENTRAL CIRLE - 5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees

MOHAN THANKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

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

143 (3) Assessed year income read with section 153a for assessment income orders dated 26/12/2018 (in Rupees) (in rupees) (in rupees) Income Disallowance Undisclosed from of exemption income house under section (in Rupees) property 10 (38) of the act on (in account of Rupees) allegedly bogus long- term capital gain (in Rupees