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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

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)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 6(1)(2), MUMBAI vs. M/S ISLAND STAR MALL DEVELOPERS PVT LTD, MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 6(1)(2), MUMBAI vs. M/S ISLAND STAR MALL DEVELOPERS PVT LTD, MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 6(1)(2), MUMBAI vs. M/S ISLAND STAR MALL DEVELOPERS PVT LTD, MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

Section under which order Date of order is passed 1 2016-17 143(3) 26.12.2018 2 2017-18 143(3) 21.12.2019 3 2018-19 143(3) 21.06.2021 4 2019-20 143(1) 28.03.2021 5 2020-21 143(3) 22.09.2022 6 2021-22 143(1) 07.03.2023 We considering the facts, circumstances and submissions as discussed in the above paragraphs observe that

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

Section 24\nDeduction u/s 24(a) @ 30% NVA (Standard deduction)\nDeduction u/s\nborrowed\n24(b) on account of interest on\nAmount\nXXXX\nXXXX\nXXXX\nXXXX\nXXXX\nIncome from house property\nXXXX\n11. The Ld.AR explained that the revenue authorities has\naccepted the method of offering of rental income for the\nA.Y.2016-17 to A.Y.2021-22, where the assessee has offered\nrental income

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 6(1)(2), MUMBAI vs. M/S ISLAND STAR MALL DEVELOPERS PVT LTD, MUMBAI

In the result, the\nappeal filed by the revenue is dismissed\n35

Section 24\nDeduction u/s 24(a) @ 30% NVA (Standard deduction)\nXXXX\nDeduction\nborrowed\nu/s\n24(b) on account of interest on XXXX\nIncome from house property\nXXXX\n11. The Ld.AR explained that the revenue authorities has\naccepted the method of offering of rental income for the\nA.Y.2016-17 to A.Y.2021-22, where the assessee has offered\nrental income under the income from

ASSTT COMMISSIONER OF INCOME TAX CIRCLE 6(1)(2), MUMBAI vs. M/S ISLAND STAR MALL DEVELOPERS PVT LTD, MUMBAI

In the result, the appeals filed by the assessee are\npartly allowed for statistical purposes and the appeals filed\nby the revenue are dismissed

Section 24\nDeduction u/s 24(a) @ 30% NVA (Standard deduction)\nXXXX\nDeduction\nu/s\n24(b) on account of interest on XXXX\nborrowed\nXXXX\nIncome from house property\nXXXX\n11. The Ld.AR explained that the revenue authorities has\naccepted the method of offering of rental income for the\nA.Y.2016-17 to A.Y.2021-22, where the assessee has offered\nrental income under the income

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

313 ITR 340 (Bom) and accordingly we restore\nthis issue to the file of assessing officer for verification and\nexamination of facts and decide on merits. The asssessee\nshould be provided adequate opportunity of hearing and\nshall cooperate in submitting the information.\n20. In the result, the appeal filed by the assessee is partly\nallowed for statistical purposes.\nITA No.2353/Mum/2023