DCIT CC 4(2), MUMBAI vs. K RAHEJA COPR PVT LTD, MUMBAI

Bench: Shri S. Rifaur Rahman & Shri Ravish Soodk. Raheja Corporate Services Acit-14(2)(1), Room No. 432, 4Th Floor, Pvt. Ltd., Plot No. C-30, G- Block, Opp. Sidbi, Bkc, Aayakar Bhavan, M.K. Bandra, Mumbai-400 051 Road, Mumbai-400 020. Vs. Pan: Aabcn 9309B Appellant Respondent K. Raheja Corporate Pvt. Ltd., Dcit- Central Circle 4(2), Room No. 1918, 19Th Plot No. C-30, G-Block, Opp. Sidbi, Bkc, Bandra – (E), Floor, Air India Building, Mumbai-400 051 Nariman Point, Mumbai- Vs. 400 021. Pan: Aaacp0522B Appellant Respondent Dcit, Central Circle - M/S K. Raheja Corp. Pvt. (2)(1), Central Range -4 Ltd., Plot No. C-30, Block -G, Pr.Cit (C)-2 Bkc, Bandra (Eest), Room No. 1918, 19Th Mumbai-400 051 Vs. Floor, Air India Building, Pan: Aaacp0522B Nariman Point, Mumbai-400 021. Appellant Respondent Appellant By : Shri. Madhur Aggrawal (Ar) Revenue By : Shri. Shiddaramappa (Dr) Date Of Hearing : 12.10.2021 Date Of Pronouncement: 25.10.2021

section 14A of the Act must be restricted to dividend income earned of Rs 1,43,78,956. Ground 2: On the facts and circumstances of the case and in law, the Hon‟ble CIT(A) erred by confirming the addition of notional income of Rs. 2,09,73,057/as “Income from House Property” (net of standard deduction

ASST CIT 4(3)(2), MUMBAI vs. NEETISH R. DOSHI, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri R.C.Sharma, Am & Shri Amarjit Singh, Jm Asst. Commissioner Of Vs. Shri Neetish R Doshi Income Tax-4(3)(2), 17, Gr. Floor, Sumernagar Room No.649 Building, No.01, Near Kora Aayakar Bhavan Kendra Kendra Flyover, M.K.Road, New Marine Lines S.V.Road, Borivali West Mumbai – 400 020 Mumbai – 400 002 Pan/Gir No. Appellant) .. Respondent)

Section 144A in accepting the report of the valuer who in his valuation report submitted by the assessee in support of the return and thereafter a lapse of about ten years the valuation of the property, i.e., the house

ASHOK KUMAR PANDEY,VILE PARLE vs. ACIT, KAUTALIYA BHAVAN

The appeal are dismissed

Bench: Shri Prashant Maharishi, Am & Shrianikesh Banerjee, Jm A.Y.2013-14 Ashok Kumar Pandey, Acit, 3Rd Floor, Plot No.37, Kautaliaya Bhavan, Kavita, Vithal Nagar, Income Tax Department, Vs. Chs, Ltd., Vithal Nagar, N.S. Road No.11 J.V.P.D. Scheme, Vile Parle.

house property in US and bank interest from bank deposits made in US. 8. Based on these facts, Assessing Officer issued a show cause notice that why assessee should not be treated as resident of A Y : 2013–14 Ashok Kumar Pandey Versus ACIT, Kautaliya Bhavan India for tax purposes and his US income should also not be taxed

DCIT CENTRAL CIRCLE 8(4), MUMBAI, MUMBAI vs. KAUSHAL YASHWANT AGARWAL, MUMBAI

In the result, all the appeals filed by the Revenue are dismissed

House,\nThakurdwar Road, Karelwadi,\nMumbai - 400002\n(PAN: AABPA6565H)\n(Respondent)\n\nPresent for:\nAssessee\nRevenue\n: Shri Viraj Mehta, CA\n: Shri Hemanshu Joshi, SR DR\nDate of Hearing : 12.06.2025\nDate of Pronouncement : 24.07.2025\n\nORDER\n\nPER GIRISH AGRAWAL, ACCOUNTANT MEMBER:\nThese two appeals filed by Revenue are against the orders of Ld.\nCIT (A) 50, Mumbai, vide

SBI LIFE INSURANCE CO. LTD,MUMBAI vs. CIT 1, MUMBAI

In the result, Revenue’s appeals are dismissed and assessee’s appeals in ITA Nos

Bench: Shri Mahavir Singh () & Shri Ashwani Taneja ()

house property" "Capital gain" or "income from other sources" or in Section 199 or in Section 28 to 43B. It does not override the provisions of Chapter III of which Section 10(34) is a part. (iv) The learned CIT (A) failed to the take note of the settled position of law that income is to be computed

DCIT 1(3), MUMBAI vs. SBI LIFE INSURANCE COMPLANY LTD, MUMBAI

In the result, Revenue’s appeals are dismissed and assessee’s appeals in ITA Nos

Bench: Shri Mahavir Singh () & Shri Ashwani Taneja ()

house property" "Capital gain" or "income from other sources" or in Section 199 or in Section 28 to 43B. It does not override the provisions of Chapter III of which Section 10(34) is a part. (iv) The learned CIT (A) failed to the take note of the settled position of law that income is to be computed

SBI LIFE INSURANCE CO. LTD,MUMBAI vs. CIT 1, MUMBAI

In the result, Revenue’s appeals are dismissed and assessee’s appeals in ITA Nos

Bench: Shri Mahavir Singh () & Shri Ashwani Taneja ()

house property" "Capital gain" or "income from other sources" or in Section 199 or in Section 28 to 43B. It does not override the provisions of Chapter III of which Section 10(34) is a part. (iv) The learned CIT (A) failed to the take note of the settled position of law that income is to be computed

SBI LIFE INSURANCE CO. LTD.,MUMBAI vs. D.C.I.T.(O.S.D.) -1(2), MUMBAI

In the result, Revenue’s appeals are dismissed and assessee’s appeals in ITA Nos

Bench: Shri Mahavir Singh () & Shri Ashwani Taneja ()

house property" "Capital gain" or "income from other sources" or in Section 199 or in Section 28 to 43B. It does not override the provisions of Chapter III of which Section 10(34) is a part. (iv) The learned CIT (A) failed to the take note of the settled position of law that income is to be computed

SBI LIFE INSURANCE CO. LTD,MUMBAI vs. ACIT 1(3), MUMBAI

In the result, Revenue’s appeals are dismissed and assessee’s appeals in ITA Nos

Bench: Shri Mahavir Singh () & Shri Ashwani Taneja ()

house property" "Capital gain" or "income from other sources" or in Section 199 or in Section 28 to 43B. It does not override the provisions of Chapter III of which Section 10(34) is a part. (iv) The learned CIT (A) failed to the take note of the settled position of law that income is to be computed

ASST CIT 27(2), NAVI MUMBAI vs. MERIT MAGNUM CONSTRUCTION, MUMBAI

In the result, the Revenue’s appeal as well as assessee’s cross objection stands

Bench: Shri Shamim Yahya, Am & Shri Ram Lal Negi, Jm Acit-27(2), M/S. Merit Magnum Construction Room No. 420, 4Th Floor, Samruddhi, Office Floor, Plot No. 157, 18Th Road, Tower No. 6, Vashi Rly. Station Vs. Complex, Vashi, Navi Mumbai-400 703 Nr. Ambedkar Garden, Chembur (East), Mumbai-400 703 Pan/Gir No. Aacfv 9391 F (Revenue) (Assessee) :

property is estimated at Rs.180 crores to Rs.200 crores. The A.O. concluded as under: 14.3 In the instant case, as discussed earlier, the entire consideration of Rs. 741.74 crores arisen and accrued to the assessee firm in A Y 2008-09. However, the assessee has not furnished details of any expense incurred in the same assessment year

HINDUSTAN CONSTRUCTION COMPANY LIMITED ,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX, MUMBAI., MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Anikesh Banerjee & Shri Gagan Goyalhindustan Construction Company Ltd., Hincon House, Lbs Marg, Vikhroli (W), Mumbai, Maharashtra – 400 083. Pan No.: Aaach0968B ..... Appellant Vs. Pcit, Mumbai-6, R. No. 501, 5Th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400 020. ..... Respondent

House Property; ix). Foreign Assets; x). International Transactions; xi). Closing Stock and xii). Loss from currency fluctuations. 3. A reference u/s. 92CA (1) of the Act was made to the DCIT, TPO 2(2) (2), Mumbai also. The TPO vide his order dated: 29.01.2021 u/s. 92CA (3) of the Act proposed adjustments on account of international transactions amounting

CROMPTON GREAVES LTD,MUMBAI vs. CIT -6, MUMBAI

In the result, the appeals filed by the assessee company in ITA no

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kochar"ी शैल" कुमार यादव, "या"यक सद"य एवं "ी "ी रिमत कोचर, लेखाकार सद"य के सम" । आयकर अपील सं./I.T.A. No. 1994/Mum/2013 ("नधा"रण वष" / Assessment Year : 2007-08) आयकर अपील सं./I.T.A. No. 2836/Mum/2014 ("नधा"रण वष" / Assessment Year : 2007-08) M/S Crompton Greaves बनाम/ Cit – 6,Mumbai, Ltd.,6Th Floor, C.G. House, 5Th Floor, V. Dr. A.B. Road, Worli, Aayakar Bhavan, Mumbai – 400 030. M.K. Road, Mumbai – 400 020. "थायी लेखा सं./Pan : Aaacc3840K .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Assessee By Shri Pradeep N. Kapasi Revenue By : Shri C.W. Angolkar सुनवाई क" तार"ख /Date Of Hearing : 29-10-2015 घोषणा क" तार"ख /Date Of Pronouncement : 01-02-2016

144A; (ii) an order made by the [Joint] Commissioner in exercise of the powers or in the performance of the functions of an Assessing Officer conferred on, or assigned to, him under the orders or directions issued by the Board or by the [Principal Chief Commissioner or] Chief Commissioner or [Principal Director General or] Director General or [Principal Commissioner

ACIT 11(2), MUMBAI vs. AJAY I.. THAKORE, MUMBAI

Bench: S/Shjoginder Singh & Rajendraआयकर अपील सं./Ita/6917 /Mum/2011,िनधा"रण िनधा"रण वष" वष" /Assessment Years: 2008-09 िनधा"रण िनधा"रण वष" वष" Acit-11(2) Shri Ajay I. Thakore Room No.479, 4Th Floor, Aayakar Bhavan, 1416, Dalamal Tower, M.K. Road Vs. Free Press Journal Marg, Mumbai-400 020. Nariman Point,Mumbai-400 021. Pan:Aabpt 0802 G आयकर अपील सं./Ita/6602/Mum/2011,िनधा"रण िनधा"रण वष" वष" /Assessment Years: 2008-09 िनधा"रण िनधा"रण वष" वष" Shri Ajay I. Thakore Vs. Acit-11(2) Mumbai-400 021. Mumbai-400 020. (अपीलाथ" /Appellant) (""यथ" / Respondent) Revenue By: Shri M.Murli Assessee By: Shri Ajay Indrajit Thakore सुनवाई क" तारीख / Date Of Hearing: 23.03.2016 घोषणा क" तारीख / Date Of Pronouncement: 13.04.2016 आयकर आयकर अिधिनयम आयकर आयकर अिधिनयम अिधिनयम,1961 क" अिधिनयम क" क" धारा क" धारा धारा 254(1)केकेकेके अ"तग"त धारा अ"तग"त अ"तग"त आदेश अ"तग"त आदेश आदेश आदेश Order U/S.254(1)Of The Income-Tax Act,1961(Act) लेखा लेखा सद"य लेखा लेखा सद"य सद"य राजे"" सद"य राजे"" राजे"" केकेकेके अनुसार राजे"" अनुसार अनुसार Per Rajendra A.M.- अनुसार Challenging The Order Dt.25/7/2011 Of The Cit(A)-3 Mumbai The Assessee & The Assessing Officer(Ao)Have Filed The Cross Appeals For The Year Under Consideration Raising Various Grounds Of Appeal.Assessee, An Individual Filed His Return Of Income On 20/07/2008 Declaring Total Income Of Rs.56.22 Lakhs.The Ao Completed The Assessment U/S.143(3)Of The Act On 21. 12.2010,Determining The Income Of The Assessee At Rs.2.40 Crores.

144A of the Act,who observed that the assessee had not denied that the tenancy right was a capital asset, that there was transfer of tenancy right in respect of immovable property, that the consideration received on transfer of tenancy right was capital receipt.He referred to the provisions of section 49 and section 55(2)of the Act and held

BARCLAYS BANK PLC,MUMBAI vs. CIT (INTERNATIONAL TAXATION)-RANGE-1, MUMBAI

In the result, the appeal by the assessee stands partly allowed

Bench: Shri Shamim Yahya (Am) & Shri Amarjit Singh (Jm)

Properties v. Director of Income-tax [1996] 57 lTD 328 (Bombay,) wherein the Tribunal upheld the argument of the assessee that when an order is passed by the Assessing Officer pursuant to the directions of a superior authority, the same could not be the subject matter of revision under section 263 of the Act. 1.6. The appellant submits that

M/S. RALLIS INDIA LTD.,MUMBAI vs. DY CIT,CICLE-8(1)(1), MUMBAI

In the result, the appeal filed by the assessee is allowed

Bench: Shri Pavan Kumar Gadale & Shri S Rifaur Rahmanm/S. Rallis India Ltd Vs. Dcit, Circle – 8(1)(1) C/O Kalyaniwalla & Room No. 624, 6Th Mistry Llp, 2Nd Floor, Floor, Aayakar Bhavan Esplanade House, 29, M.K Road, Hazarimal Somani Mumbai – 400020. Marg, Mumbai – 400001 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcr2657N Appellant .. Respondent Appellant By : Mr.Jitendra Jain.Ar Respondent By : Mr.S.N Kabra. Dr Date Of Hearing 03.06.2022 Date Of Pronouncement 04.07.2022 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Assessee Has Filed The Appeal Against The Order Of The Principle Commissioner Of Income Tax (Pr.Cit) – 8, Mumbai Passed U/S 263 Of The Act.

House, 29, M.K Road, Hazarimal Somani Mumbai – 400020. Marg, Mumbai – 400001 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AABCR2657N Appellant .. Respondent Appellant by : Mr.Jitendra Jain.AR Respondent by : Mr.S.N Kabra. DR Date of Hearing 03.06.2022 Date of Pronouncement 04.07.2022 आदेश / O R D E R PER PAVAN KUMAR GADALE JM: The assessee has filed the appeal against the order

THE INDIAN HOTELS CO. LTD.,MUMBAI vs. PR. CIT-1, MUMBAI

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Amarjit Singh, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.950/Mum/2021 (ननधधारण वर्ा / Assessment Years: 2014-15) बनधम/ The Indian Hotels Company Pcit-1 Room No.330, 3Rd Floor, Ltd. Vs. 9Th Floor, Express Towers, Aayakar Bhavan, Barrister Rajini Patel Marg, Maharishi Karve Road, Nariman Point, Mumbai- Mumbai-400020. 400021. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaact3957G (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee By: Shri K. K. Ved Revenue By: Shri Surendra Kumar (Dr) सुनवाई की तारीख / Date Of Hearing: 17/03/2022 घोषणा की तारीख /Date Of Pronouncement: 12/04/2022 आदेश / O R D E R Per Amarjit Singh, Jm: The Assessee Has Filed The Present Appeal Against The Order Dated 31.03.2021 Passed By The Principal Commissioner Of Income Tax-01, Mumbai [Hereinafter Referred To As The “Pcit”] Relevant To The A.Y.2014-15 In Which The Principal Commissioner Of Income Tax-01 Has Invoked The Revisional Power U/S 263 Of The I.T. Act, 1961. 2. The Assessee Has Raised The Following Grounds Of Appeal: - “Re.: Validity Of Order U/S, 263; On The Facts & In The Circumstances Of The Case & In Law, The Impugned Order Dated 31 March 2021 Passed Under Section 263 Of The Act Is Without Jurisdiction & Bad In Law. Without Prejudice To The Above, On The Facts & Circumstances Of The Case & In Law, The Principal Commissioner Of Income Tax (“Pcit”) Has Erred In Passing The Order Dated 31 March 2021 U/S. 263 Of The Act.

properties is generally provided through in room television set and the advertisement / article in the Taj magazine / Coffee Table magazine kept in the rooms of overseas hotel units. - It is further submitted that in competitive industry like hospitality, apart from retaining existing customers, it is must to reach out the customers to widen its customer base in best possible manner

JM FINANCIAL INDIA FUND-SCHEME B,MUMBAI vs. ITO WARD 17(2)(1), MUMBAI

In the result this ground of appeal is allowed

Bench: Shri G.S. Pannu, Vice- & Shri Pawan Singhjm Financial India Fund-Scheme Ito - 17(2)(1) Room No. 123-B, 1St Floor, B, 141, Maker Chambers Iii, Nariman Point, Vs. Aayakar Bhavan, M.K. Road, Mumbai-400021. Mumbai-400020. Pan: Aabtj0401F Appellant Respondent

144A. The assessee was informed about initiation of proceeding/reference to JCIT vide notice dated 09.11.2017. The Assessing Officer completed the scrutiny assessment under section 143(3) on 13.12.12017. The Assessing Officer while passing the assessment order held that the assessee made investment in mutual funds and violated SEBI (VCF) Regulations and also violated the objects of clause of the trust

MR. ABHIJEET SONI,MUMBAI vs. ITO-16(2)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms Kavitha Rajagopal, Hon'Bleabhijeet Soni V. Income Tax Officer – 16(2)(1) Room No. 441 C/O- M/S. Jayesh Sangharajka & Co.Llp 405, Hind Rajasthan Centre Aayakar Bhavan Ds Phalke Road Mumbai - 400020 Dadar (E), Mumbai - 400014 Pan: Aadps8454R (Appellant) (Respondent)

house property income, professional income under the head income from Business/Professions, capital gains and income from other sources. Vide letter dated 05.12.2014 the assessee filed a petition u/s. 144A of the Act with the Joint CIT 16(2), Mumbai and Ld. JCIT passed the order u/s. 144A of the Act directing the Assessing Officer to dispose off the petitions filed

THE J.K. TRUST BOMBAY,MUMBAI vs. CIT (E), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 2012-13 M/S The J. K. Trust Cit (Exemption) Bombay, R. No.617, 6Th Floor, बनाम/ New Hind House, Piramal Chambers, Vs. Narottam Morrjee Marg, Lalbaug, Ballard Estate, Mumbai-400012 Mumbai-400001

House, Piramal Chambers, Vs. Narottam Morrjee Marg, Lalbaug, Ballard Estate, Mumbai-400012 Mumbai-400001 ("नधा"रती /Assessee) (राज"व /Revenue) PAN. No. AAATT0611L "नधा"रती क" ओर से / Assessee by Shri Rakesh Mohan राज"व क" ओर से / Revenue by Shri C.S. Gulati-CIT-DR 10/07/2018 सुनवाई क" तार"ख / Date of Hearing : 25/07/2018 आदेश क" तार"ख /Date