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, undisclosed income and disallowance of exemption under section 10 (38) of the act for all these assessment years so far as jurisdiction is concerned. 034. Of course, merits of each of the addition would be decided separately as per separate grounds raised. 035. With respect to the argument of the assessee that for assessment year

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, undisclosed income and disallowance of exemption under section 10 (38) of the act for all these assessment years so far as jurisdiction is concerned. 034. Of course, merits of each of the addition would be decided separately as per separate grounds raised. 035. With respect to the argument of the assessee that for assessment year

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, undisclosed income and disallowance of exemption under section 10 (38) of the act for all these assessment years so far as jurisdiction is concerned. 034. Of course, merits of each of the addition would be decided separately as per separate grounds raised. 035. With respect to the argument of the assessee that for assessment year

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, undisclosed income and disallowance of exemption under section 10 (38) of the act for all these assessment years so far as jurisdiction is concerned. 034. Of course, merits of each of the addition would be decided separately as per separate grounds raised. 035. With respect to the argument of the assessee that for assessment year

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, undisclosed income and disallowance of exemption under section 10 (38) of the act for all these assessment years so far as jurisdiction is concerned. 034. Of course, merits of each of the addition would be decided separately as per separate grounds raised. 035. With respect to the argument of the assessee that for assessment year

TODI INDUSTRIES PRIVATE LIMITED,MUMBAI vs. INCOME TAX OFFICER - 8(3)(2), MUMBAI, MUMBAI

property' then any income in\nthe form of other income cannot be brought to tax under any\nhead. After referring to the judgment of the Hon'ble Supreme\nCourt in East India Housing & Land Development Trust Ltd\nvs. CIT reported in 42 ITR 49(SC), he held that the ultimate\ntest for assessing the head of income

DCIT-CC-5(4), MUMBAI vs. RAGHULEELA ESTATES PVT LTD, MUMBAI

In the result, all the appeals of the Revenue are dismissed and Cross Objections of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

section 24(b) of the Act on the ground that preconstruction interest shall be allowed only to the extent of the cost of the property which is finally acquired/constructed. Your Appellant submits that on the facts of the case the preconstruction interest has been rightly claimed by the Appellant, being one-fifth of the interest paid on funds utilized

DCIT-CC-5(4), MUMBAI vs. RAGHULEELA ESTATES PVT LTD, MUMBAI

In the result, all the appeals of the Revenue are dismissed and Cross Objections of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

section 24(b) of the Act on the ground that preconstruction interest shall be allowed only to the extent of the cost of the property which is finally acquired/constructed. Your Appellant submits that on the facts of the case the preconstruction interest has been rightly claimed by the Appellant, being one-fifth of the interest paid on funds utilized

DCIT -CC-5(4), MUMBAI vs. RAGHULEELA ESTATE PRIVATE LIMITED, MUMBAI

In the result, all the appeals of the Revenue are dismissed and Cross Objections of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

section 24(b) of the Act on the ground that preconstruction interest shall be allowed only to the extent of the cost of the property which is finally acquired/constructed. Your Appellant submits that on the facts of the case the preconstruction interest has been rightly claimed by the Appellant, being one-fifth of the interest paid on funds utilized

FERANI HOTELS PVT LTD,MUMBAI vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -4(2)(1), MUMBAI

In the result, appeal of the assessee bearing ITA No

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

House Property.” “1. "Whether on the facts and circumstances of the case and in law, the CIMAL is right on restricting the addition of annual letting value to 2.5% instead of @7% made by AO?” 2. "Whether on the facts and circumstances of the case and in late, the CIT(A) is right in directing the AO to compute

SAURASHTRA TRUST,MUMBAI vs. COMMISSIONER OF INCOME TAX (EXEMPTIONS) , MUMBAI

In the result, the appeal of the assessee is allowed

Section 23 of the Act; and therefore the assessee trust is entitled to deduction u/s 24(a) of the Act on the amount of Rs.2,49,10,751/- which is received by the trust in pursuant to the agreement for amenities and credited in the books of accounts as services charges. And for supporting this averment, furnished copy of agreement

DCIT- 8(2)(1), MUMBAI vs. PIRAMAL ESTATES PRIVATE LIMITED , MUMBAI

In the result, all the appeals of the revenue are dismissed

Bench: Shri Kuldip Singh & Shri Gagan Goyal

property; and (ii) the deduction under section 24(b) of the Act cannot be allowed on the basis of area let out. In our view, the reasons on the basis of which the Assessing Officer disallowed deduction under section 24(b) of the Act are unacceptable. Undisputedly, the loan was sanctioned for construction of the entire building. When a part

MAFATLAL INDUSTRIES LTD,MUMBAI vs. ADDL CIT 6(3), MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 36(1)(1)(va) of the Act is prospective in nature and the various courts have held that the respective payments made before filing the return of income is allowable expenditure u/s. 43B of the Act. Therefore, respectfully following the same, we are inclined to allow the grounds raised by the assessee. 55. In the result, appeal

MAFATLAL INDUSTRIES LTD,MUMBAI vs. ASST CIT 6(3), MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 36(1)(1)(va) of the Act is prospective in nature and the various courts have held that the respective payments made before filing the return of income is allowable expenditure u/s. 43B of the Act. Therefore, respectfully following the same, we are inclined to allow the grounds raised by the assessee. 55. In the result, appeal

MAFATLAL INDUSTRIES LIMITED,MUMBAI vs. ACIT-6(3), MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

section 36(1)(1)(va) of the Act is prospective in nature and the various courts have held that the respective payments made before filing the return of income is allowable expenditure u/s. 43B of the Act. Therefore, respectfully following the same, we are inclined to allow the grounds raised by the assessee. 55. In the result, appeal

AKANSHA YOGESH DESHMUKH,BPCL STAFF COLONY vs. ITO/DCIT INTERNATIONAL TAXATION MUMBAI, INCOME TAX BUILDING

House Ballard\nEstate\nMumbai - 400001\nPAN/GIR No. BDJPP6182R\n(Applicant)\n(Respondent)\nAssessee by\nNone\nRevenue by\nShr Krishna Kumar (SR. DR.)\nDate of Hearing\n18.02.2026\nDate of Pronouncement\n19.02.2026\nआदेश / ORDER\nPER SANDEEP GOSAIN, JM:\nThe present appeal has been filed by the assessee\nchallenging the impugned order 30.10.2025 passed u/s\n250 of the Income

ACIT- 17 (3), MUMBAI vs. TATA SOCIAL WELFARE TRUST, MUMBAI

In the result, both the appeals of the assessee’s and revenue

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No. 3079/Mum/2018 (निर्धारण वर्ा / Assessment Year:2012-13) Tata Social Welfare Trust बिधम/ Ito (Exemption)-2(4) Bombay House, (Now Assessed By The Acit- Vs. 24, Homi Mody Street, 17(3), Mumbai), Piramal Fort, Mumbai-400001. Chambers, Lalbaug, Parel, Mumbai-400012. Pan No: Aaatt9834B

House, Vs. Aayakar Bhavan, M. K. Marg, 24, Homi Mody Street, Mumbai-400020. Fort, Mumbai-400001. स्थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAATT9835A (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee by: Shri Sukhsagar Syal Revenue by: Shri Rajesh Damor (dR) ITA No.3079 & 3080/Mum/2018 3152 & 3153/Mum/2018 A.Y. 2012-13 Tata Social Welfare Trust & Tata Education Trust सुनवाई की तारीख / Date of Hearing

ACIT- 17 (3), MUMBAI vs. TATA EDUCATION TRUST, MUMBAI

In the result, both the appeals of the assessee’s and revenue

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No. 3079/Mum/2018 (निर्धारण वर्ा / Assessment Year:2012-13) Tata Social Welfare Trust बिधम/ Ito (Exemption)-2(4) Bombay House, (Now Assessed By The Acit- Vs. 24, Homi Mody Street, 17(3), Mumbai), Piramal Fort, Mumbai-400001. Chambers, Lalbaug, Parel, Mumbai-400012. Pan No: Aaatt9834B

House, Vs. Aayakar Bhavan, M. K. Marg, 24, Homi Mody Street, Mumbai-400020. Fort, Mumbai-400001. स्थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAATT9835A (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Assessee by: Shri Sukhsagar Syal Revenue by: Shri Rajesh Damor (dR) ITA No.3079 & 3080/Mum/2018 3152 & 3153/Mum/2018 A.Y. 2012-13 Tata Social Welfare Trust & Tata Education Trust सुनवाई की तारीख / Date of Hearing