ANUSUYA H. DAVE,MUMBAI vs. ITO WD 21(1)(4), MUMBAI

In the result, appeal in ITA no 1038/Mum/2013 is allowed while the appeals in ITA no

Bench: S/Shri Amit Shukla () & Ramit Kochar ()

house property has to be assessed in the hands of the co-owners and person shall not be assessed as an Association of Persons (AOP). Thus, keeping in view of the factual matrix of the case whereby the society has admitted the three co-owners after the death of the Shri Harivallabh Parmanand Dave as legal heirs who have become

PERFECT THREAD MILLS LTD,MUMBAI vs. DCIT 8(2), MUMBAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri G.S.Pannu Vice Presedent,(As) Shri D. Karunakar Rao & Shri Amit Shukla, Sh. Pawan Singh & Shri Rajesh Kumarperfect Thread Mills Ltd Vs Dcit, 8(2), Mumbai 201, Millenium Plaza Behind Sakinaka Telephone Exchange, Andheri Kurla Road, Andheri (E), Mumbai- 72 Pan: Aaacp6449E Appellant Respondednt

house from assessee and vesting thereof with the bank. On these facts, the honourable High Court held that it was not a case of diversion of income by overriding title but application of income towards repayment of bank loan. In 3 case of inheritance/acquisition along with the mortgage perfecting his title by getting mortgage discharged, the assessee would be entitled

NANDLAL TOLANI CHARITABLE TRUST,MUMBAI vs. ITO (EXEMPTION), WARD-2(1), MUMBAI

In the result, appeal filed is dismissed in the above terms

house property\". The assessee was asked to explain why standard deduction claimed u/s. 24(a) of “the Act” at 30% of Rs. 81,59,680/- in respect of the rental income derived from the property shall not be disallowed. The assessee filed the reply on 23.09.2016 and the Ld. AO after considering the submissions of the assessee and also following

NANDLAL TOLANI CHARITABLE TRUST,MUMBAI vs. ITO EXEM WARD 2(1), CUMBALLA HILL, MUMBAI

house property”. The\nassessee was asked to explain why standard deduction claimed u/s.\n24(a) of “the Act” at 30% of Rs. 81,59,680/- in respect of the rental\nincome derived from the property shall not be disallowed. The assessee\nfiled the reply on 23.09.2016 and the Ld. AO after considering the\nsubmissions of the assessee and also following

ASST CIT 19(3), MUMBAI vs. SAMEER SUDHAKAR DIGHE, MUMBAI

The appeal of the Revenue is dismissed

Bench: Sri Mahavir Singh, Jm & Sri G. Manjunatha, Am The Asst. Commissioner Of Shri Sameer Sudhakar Income Tax, Circle 19(3) Dighe, 8Th Floor, Shreepati Matru Mandir, Tardeo Road, Annexe, Gowalia Tank Vs. Mumbai-400 007 Road, Grant Road, Mumbai-400 036 Appellant .. Respondent Pan No. Abwpd5514H

house property and gains from business or profession and capital gains is to be assessed under the head 'income from other sources'. However, for applicability of Section 14 and thereafter Section 56, what is required is the receipt in the nature of income. In Circular No.447, it has been clearly stated "In view of this, it is clarified that such

BANCTEC TPS INDIA P. LTD,NAVI MUMBAI vs. PR. CIT CIR 15, MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri Mahavir Singh, Jm & Shri M.Balaganesh, Am M/S. Banctec Tps India Vs. Pr. Commissioner Of Private Limited Income Tax-15, T-341, Tower 3, 4Th Floor Room No.574, 5Th Floor, International Infotech Park Aayakar Bhavan, Vashi Railway Station M.K.Road, Complex, Vashi Mumbai – 400 020 Navi Mumbai – 400 705 Pan/Gir No. Aaact8971E (Appellant) .. (Respondent)

House Property - Rs. 32,85,389/- Unabsorbed Depreciation - Rs. 6,86,89,393/- ================= Total Rs.18,11,68,666/- ================= 3.1. The assessee filed a complete break-up of the aforesaid losses before the ld. AO in the 154 proceedings. The assessee pleaded that once these losses are set off, there would be no taxable income for the assessee

CHAMBER OF INDIAN CHARITABLE TRUSTS,MUMBAI vs. PR CIT/ COMM OF INCOME TAX, MUMBAI

In the result, the appeals filed by the assessee are allowed

Bench: Shri Aby T. Varkey, Jm & Shri Gagan Goyal, Am आयकर अपील सं/ I.T.A. Nos. 2168 & 2169/Mum/2021 (निर्धारण वर्ा / Assessment Year:2022-23) Chamber Of Indian बिधम/ Pcit Charitable Trusts Mumbai-400020. Vs. Gala No.328-332, Linkway Estates, New Link Road, Malad (W), Mumbai- 400064. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaicc9627J (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee By: Shri P. J. Pardiwala & Mr. Sukhsagar Syal. Revenue By: Shri Nihar Samal (Sr. Ar) सुनवाई की तारीख / Date Of Hearing: 04/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm: These Are Appeals Preferred By The Assessee Trust Against The Imposition Of Certain Impugned Conditions In The Orders Passed By The Ld. Cit(E), Mumbai Dated 24.09.2021 & 24.05.2021, Whereby The Ld. Cit(E) Granted Registration U/S 12Ab(1)(A) Of The Income Tax Act, 1961 (Hereinafter “The Act”) & Under Clause (Iii) Of The Second Proviso To Section 80G(5) Of The Act

House of Parliament would not, however, prevent the courts from scrutinising the validity of the rules and holding them to be ultra vires if on such scrutiny the rules are found to be beyond the rule-making power of the Central Government. Thus, section 296 does not add any greater force to the rules than what they ordinarily have

CHAMBER OF INDIAN CHARITABLE TRUSTS,MUMBAI vs. PR CIT/ COMM OF INCOME TAX, MUMBAI

In the result, the appeals filed by the assessee are allowed

Bench: Shri Aby T. Varkey, Jm & Shri Gagan Goyal, Am आयकर अपील सं/ I.T.A. Nos. 2168 & 2169/Mum/2021 (निर्धारण वर्ा / Assessment Year:2022-23) Chamber Of Indian बिधम/ Pcit Charitable Trusts Mumbai-400020. Vs. Gala No.328-332, Linkway Estates, New Link Road, Malad (W), Mumbai- 400064. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaicc9627J (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee By: Shri P. J. Pardiwala & Mr. Sukhsagar Syal. Revenue By: Shri Nihar Samal (Sr. Ar) सुनवाई की तारीख / Date Of Hearing: 04/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm: These Are Appeals Preferred By The Assessee Trust Against The Imposition Of Certain Impugned Conditions In The Orders Passed By The Ld. Cit(E), Mumbai Dated 24.09.2021 & 24.05.2021, Whereby The Ld. Cit(E) Granted Registration U/S 12Ab(1)(A) Of The Income Tax Act, 1961 (Hereinafter “The Act”) & Under Clause (Iii) Of The Second Proviso To Section 80G(5) Of The Act

House of Parliament would not, however, prevent the courts from scrutinising the validity of the rules and holding them to be ultra vires if on such scrutiny the rules are found to be beyond the rule-making power of the Central Government. Thus, section 296 does not add any greater force to the rules than what they ordinarily have

MRS NIRMALABEN POPATLALL SHAH,MUMBAI vs. INCOME TAX OFFICER, 19(2)(4), MUMBAI

In the result, the appeal by the assessee is allowed

17A,\nRidge Road, Near Jain Temple,\nMumbai - 400006.\nAppellant\nPAN-AAGPS6862E\nv/s\nΙΤΟ, 19(2)(4), Mumbai\nPiramal Chambers, Lalbaug,\nMumbai - 400012.\nRespondent\nAssessee by : Shri. K. A. Vaidyalingan, CA\nRevenue by : Shri. Akhatar Hussain Ansari, Sr. DR\nDate of Hearing – 02/09/2024\nDate of Order – 12/09/2024\nORDER\nPER SANDEEP SINGH KARHAIL, J.M.\n1. The present appeal has been filed

ROSHAN CHARITABLE TRUST,MUMBAI vs. CIT (E), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am Roshan Charitable Trust, C/O 29Th Commissioner Of Income-Tax Bank Street, Sonawala Building-Fort, 6Th Vs. (Exemptions), Floor, Piramal Mumbai-400023 Chambers, Parel, Mumbai-400012. Pan: Aactr2405A .. Appellant Respondent .. P.J. Pardiwala, Ar Assessee By Revenue By .. K.B. Shukla (Citdr.) Date Of Hearing .. 27-10-2016 .. Date Of Pronouncement 04-11-2016

property. The particulars of the trust given in the application are correct. The trust is named and styled as “Roshan Charitable Trust.” 8. In support of the contents of application Ex.1, the applicant has filed his affidavit at Ex.11. On the basis, the documents produced on the record, I hold that, the trust is entitled to be registered under