DCIT(E)-2(1), MUMBAI vs. NEHRU CENTRE, MUMBAI

In the result, appeal filed by the revenue is dismissed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Pavan Kumar Gadale, Hon'Bledcit (E) – 2(1) V. Nehru Centre Room No. 519, 5Th Floor Discovery Of India Building Piramal Chambers, Lalbaug 13Th Floor, Dr. Annie Besant Road Worli, Mumbai - 400018 Mumbai – 400 012 Pan: Aaatn2536J (Appellant) (Respondent) Assessee By : Shri Dilip Thakkar Department By : Shri Dilipkumar Shah

house property and thus the provisions of section 11(4A) and proviso to section 2(15) will not apply in the assessee

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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) that AO after considering all the aspects disallowed expenditure by observing that expenses were incurred for earning income from house property. 13. Assessment completed u/s 153A r.w.s.143(3) on 29.12.2010 determining total income at Rs.20,85,10,410/- as against the returned income of Rs.18,51,02,165/-. Subsequently, the assessment was reopened by issue of notice

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

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

house property for all these seven years, disallowance of exemption under section 10 (38) of The Income Tax Act , 1961 [ The Act] for assessment year 2014 – 15

DCIT (E) 2(1), MUMBAI vs. MUMBAI RAILWAY VIKAS CORPN LTD, MUMBAI

property was not held under trust. Therefore, the Board was not entitled to be registered as a charitable institution. It was the case of the Department that the Board was performing statutory functions. Development of minor ports in the State of Gujarat .cannot be termed as the work undertaking for charitable purposes and in the circumstances the CIT rejected