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

M/S. EMERALD REALTORS P. LTD.,MUMBAI vs. DY CIT CC-5(4), MUMBAI

Bench: Shri Kuldip Singhassessment Year: 2016-17

house property to the tune of Rs.66,572/- after allowing standard deduction @ 30% under section 24A of the Act. The AO thereby

DY COMMISSIONER OF INCOME TAX CIRCLE-6(1)(2), MUMBAI vs. JAY PROPERTIES PRIVATE LIMITED, MUMBAI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm Dy. Cit, Circle-6(1)(2) Jay Properties Private Limited 18Th Floor, A-Wing, Marathon Mumbai Vs. Futurex, N.M. Joshi Marg, Lower Parel, Mumbai-400 013

24A of the Act. 4. The assessee was in appeal before the ld. CIT(A), challenging the assessment order. 5. The ld. CIT(A) held that in assessee’s case for A.Ys. 2009-10 and 2014-15, the Assessing Officer (A.O. for short) has accepted the contention of the assessee that the rental income was to be assessed as ‘income

DALU VASU HIRANANDANI,MUMBAI vs. ITO(IT)-2(2)(1), MUMBAI

In the result, appeal filed by the assessee is dismissed as\nwithdrawn

House Property in\nassesses original return of income and consequently\nstandard deduction u/s 24a of the Income Tax Act\n1961, was disallowed. The learned CIT (Appeals) has\nerroneously confirmed the additions made by the\nassessing officer amounting to Rs. 3,19,150 on account\nof such disallowance.\n3. Assessee vide its letter dated 29.08.2024 prayed for\nwithdrawal of appeal

DEPUTY COMMISSIONER OF INCOME-TAX(EXEMPTION)-2(1), MUMBAI, MUMBAI vs. MUMBAI METROPOLITAN REGION DEVELOPMENT AUTHORITY, MUMBAI

In the result, appeal of the Revenue for Assessment Year 2016-17

Bench: Shri Saktijit Dey, Hon'Ble & Shri Girish Agrawal

Housing and Area Development Act, 1976, or (b) appoint any Development Authority declared under sub-section (3A) of section 113, or (c) appoint the Bombay Metropolitan Region Development Authority establish under the Bombay Metropolitan Region Development Authority Act, 1974, to be the Special Planning Authority for developing the notified area." 5.2 It is seen from the above provisions that while

DEPUTY COMMISSIONER OF INCOME-TAX(EXEMPTION)-2(1), MUMBAI, MUMBAI vs. MUMBAI METROPOLITAN REGION DEVELOPMENT AUTHORITY, MUMBAI

In the result, appeal of the Revenue for Assessment Year 2016-17

Bench: Shri Saktijit Dey, Hon'Ble & Shri Girish Agrawal

Housing and Area Development Act, 1976, or (b) appoint any Development Authority declared under sub-section (3A) of section 113, or (c) appoint the Bombay Metropolitan Region Development Authority establish under the Bombay Metropolitan Region Development Authority Act, 1974, to be the Special Planning Authority for developing the notified area." 5.2 It is seen from the above provisions that while

DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI, MUMBAI vs. MUMBAI METROPOLITAN REGION DEVELOPMENT AUTHORITY, MUMBAI

In the result, all the four appeals of the Revenue are dismissed

Housing and Area\nDevelopment Act, 1976, or\n\n(b) appoint any Development Authority declared under sub-section (3A) of section\n113,\nor\n\n(c) appoint the Bombay Metropolitan Region Development Authority establish\nunder the Bombay Metropolitan Region Development Authority Act, 1974, to be\nthe Special Planning Authority for developing the notified area.\"\n\n5.2 It is seen from

DEPUTY COMMISSIONER OF INCOME-TAX(EXEMPTION)-2(1), MUMBAI, MUMBAI vs. MUMBAI METROPOLITAN REGION DEVELOPMENT AUTHORITY, MUMBAI

In the result, all the four appeals of the Revenue are dismissed

Housing and Area\nDevelopment Act, 1976, or\n\n(b) appoint any Development Authority declared under sub-section (3A) of section\n113,\n\nor\n\n(c) appoint the Bombay Metropolitan Region Development Authority establish\nunder the Bombay Metropolitan Region Development Authority Act, 1974, to be\nthe Special Planning Authority for developing the notified area.\"\n\n5.2 It is seen

FULLERTON FINANCIAL HOLDINGS PTE. LTD.,SINGAPORE vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX - (INTERNATIONAL TAXATION), CIRCLE 2(3)(1) - MUMBAI, MUMBAI

Bench: Smt. Beena Pillai () & Smt. Renu Jauhri ()

section 37 of the Income-tax Act, 1961, nor does the provision invite a disallowance analysis under domestic law. The term "operational expenditure" as used in Article 24A(3) of the DTAA is broad, and therefore, all expenses for the establishment and running of the company would be included. 49. It is respectfully submitted that the AO/DRP cannot superimpose their