PRIYA MOHAN GURNANI,NAVI MUMBAI vs. CY CIT-CC-5(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property made in the order were in respect of the items and issues that were settled in the original assessment and therefore were not the subject matter of the special assessment u/s 153A c) your appellant prays that the addition of ₹ 227,625/– be deleted from the total income of the assessee as assessed by the learned

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

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property made in the order were in respect of the items and issues that were settled in the original assessment and therefore were not the subject matter of the special assessment u/s 153A c) your appellant prays that the addition of ₹ 227,625/– be deleted from the total income of the assessee as assessed by the learned

PRIYA MOHAN GURNANAI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property made in the order were in respect of the items and issues that were settled in the original assessment and therefore were not the subject matter of the special assessment u/s 153A c) your appellant prays that the addition of ₹ 227,625/– be deleted from the total income of the assessee as assessed by the learned

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

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property made in the order were in respect of the items and issues that were settled in the original assessment and therefore were not the subject matter of the special assessment u/s 153A c) your appellant prays that the addition of ₹ 227,625/– be deleted from the total income of the assessee as assessed by the learned

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

DY CIT-CC-2(4), MUMBAI vs. LATE SHRI SAWARMAL HISARIA THROUGH L/H SANDEEP HISARIA, MUMBAI

property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment.” 11. We notice that the Ld CIT(A) has taken support of the decision rendered by Hon’ble Karnataka High Court in the case of M/s Canara Housing Development. However, in view of the binding decision

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

DEPUTY COMMISSIONER OF INCOME TAX, CENTRE-CIRCLE-6(4), MUMBAI vs. SHRI RAJIV RATAN, NEW DELHI

In the result, the appeal of the revenue is dismissed and cross objection filed by the assessee is also dismissed

Bench: Shri Aby T Varkey & Shri Amarjit Singhthe Dcit, Cc -6(4), Vs. Shri Rajiv Rattan Room No. 1925, 19 Th Floor, 60, 2 Nd Floor, Vasant Marg, Air India Building, Vasant Vihar, Nariman Point, New Delhi - 110057 Mumbai – 400021 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aespr3957D Appellant .. Respondent C.O. No. 126/Mum/2022 (A.Y.2011-12) Shri Rajiv Rattan Vs. The Dcit, Cc -6(4), 60, 2 Nd Floor, Vasant Marg, Room No. 1925, 19 Th Floor, Vasant Vihar, Air India Building, New Delhi - 110057 Nariman Point, Mumbai – 400021 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aespr3957D Appellant .. Respondent Appellant By : Smt. Riddhi Mishra Respondent By : Meet Shah

House Gurgaon on 14.07.2016 a laptop (Lenovo Think pad) was found in the office chamber of Shri Ashok Sharma (CEO of Indiabulls Group). It was found that in the web browser of this laptop an email id chinta.chat@yahoo.co.in was logged in. In this regard Shri Ashok Sharma in his statement stated that he used to compile the data of unaccounted

DCIT-1(2)1, MUMBAI, MUMBAI vs. PATIL CONSTRUCTION AND INFRASTRUCTURE LTD, MUMBAI

In the result In the result, all the three appeals filed by the revenue s filed by the revenue are dismissed

Bench: Shri Sandeep Gosain, Hon’Ble & Ms. Padmavathy S., Hon’Ble

Property and Land Developers P Ltd, Vs. ACIT, [2018] 93 taxmann.com 296 P Ltd, Vs. ACIT, [2018] 93 taxmann.com 296 (Bom) (Bom) 4. Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 taxmann.com 222 (Guj) taxmann.com 222 (Guj) 7. We have heard the counsels

DCIT-1(2)1, MUMBAI., MUMBAI vs. PATIL CONSTRUCTION AND INFRASTRUCTURE LTD, MUMBAI

In the result In the result, all the three appeals filed by the revenue s filed by the revenue are dismissed

Bench: Shri Sandeep Gosain, Hon’Ble & Ms. Padmavathy S., Hon’Ble

Property and Land Developers P Ltd, Vs. ACIT, [2018] 93 taxmann.com 296 P Ltd, Vs. ACIT, [2018] 93 taxmann.com 296 (Bom) (Bom) 4. Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 taxmann.com 222 (Guj) taxmann.com 222 (Guj) 7. We have heard the counsels

M/S. STANDARD CHARTERED BANK,MUMBAI vs. THE ACIT (IT)1(3), MUMBAI

In the result, appeal filed by the assessee is allowed and appeal filed by the Revenue is dismissed

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blestandard Chartered Bank V. Acit – Range-1(3) Taxation Department, 23-25 Scindia House, Ballard Estate M.G. Road, 3Rd Floor N.M. Marg, Mumbai - 400038 Fort, Mumbai - 400001 Pan: Aabcs4681D (Appellant) (Respondent) Adit (It)– 2(3) V. Standard Chartered Bank Room No. 120, 1St Floor Taxation Department, 23-25 Scindia House, Ballard Estate M.G. Road, 3Rd Floor N.M. Marg, Mumbai - 400038 Fort, Mumbai - 400001 Pan: Aabcs4681D (Appellant) (Respondent) Shri P.J. Pardiwala & Assessee Represented By : Shri Fenil Bhatt Shri Soumendu Kumar Dash Department Represented By :

property of the Housing Board. It was held that the expenditure was incurred wholly and exclusively on the welfare of the employees and, therefore, constituted legitimate business expenditure. As the assessee company acquired no ownership rights in the tenements, this Court said that the expenditure was incurred merely with a view to carry on the business of the company more

SACHIN VILAS CHAUGULE ,MUMBAI vs. CIT (APPEALS) , MUMBAI

In the result we set-aside all these 6

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property of ₹ 30,000. The learned assessing officer computed the income of the assessee by including the income declared before the settlement commission as well as the income shown by the assessee as per return of income filed under section 153A of the act at the gross total income of ₹ 3,653,280/–, granted deduction under chapter

SACHIN VILAS CHAUGULE,MUMBAI vs. CIT (APPEALS) , MUMBAI

In the result we set-aside all these 6

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property of ₹ 30,000. The learned assessing officer computed the income of the assessee by including the income declared before the settlement commission as well as the income shown by the assessee as per return of income filed under section 153A of the act at the gross total income of ₹ 3,653,280/–, granted deduction under chapter

SACHIN VILAS CHAUGULE,MUMBAI vs. CIT (APPEALS)-47, MUMBAI

In the result we set-aside all these 6

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property of ₹ 30,000. The learned assessing officer computed the income of the assessee by including the income declared before the settlement commission as well as the income shown by the assessee as per return of income filed under section 153A of the act at the gross total income of ₹ 3,653,280/–, granted deduction under chapter

SACHIN VILAS CHAUGULE,MUMBAI vs. CIT (APPELS), MUMBAI

In the result we set-aside all these 6

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property of ₹ 30,000. The learned assessing officer computed the income of the assessee by including the income declared before the settlement commission as well as the income shown by the assessee as per return of income filed under section 153A of the act at the gross total income of ₹ 3,653,280/–, granted deduction under chapter

SACHIN VILAS CHAUGULE,MUMBAI vs. CIT (APPEALS), MUMBAI

In the result we set-aside all these 6

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

house property of ₹ 30,000. The learned assessing officer computed the income of the assessee by including the income declared before the settlement commission as well as the income shown by the assessee as per return of income filed under section 153A of the act at the gross total income of ₹ 3,653,280/–, granted deduction under chapter

JOSEPH MUDALIAR,MUMBAI vs. DCIT , -CC 4 (3), MUMBAI

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

Bench: Shri Om Prakash Kant & Shri Sandeep Singh Karhail

house property and income from other sources being interest income. During the year, the assessee has also earned share of profit from the aforesaid partnership firms, however the same was claimed as exempt. 4. The issue arising in grounds no. 1 to 3, raised in assessee‟s appeal, is pertaining to addition of Rs. 1,02,25,291 as deemed

ACIT 2(3) (1), MUMBAI vs. M/S. THAKKR HOUSING DEVELOPMENT PVT. LTD, MUMBAI

In the result all the five appeals filed by the learned assessing officer are dismissed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

Housing Development Pvt. LTd and (3) M/s Thakker Gruh Nirman Pvt. Ltd. (4) Dhannjay Marketing Pvt Ltd , (5) Asian Food Products Limited (6) Shri Karan Vijay Gupta [ collectively known as „Thakker Group] purchased the land at survey number 53/2 area admeasuring 20H.65R, survey number 54 area admeasuring 9H18R and survey number 55 area admeasuring 10H.41R i.e. Total area admeasuring