SIR RATAN TATA TRUST,MUMBAI SUBURBAN vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI

In the result, both the appeals of the assessee in both AY 2014-15 and AY

Bench: Ms Padmavathy S, Am & Shri Rahul Chaudhary, Jm

House, 24, National Faceless Assessment Homi Mody Street, Fort, Centre-2(1), Vs. Mumbai-400001 MTNL Tele Building, PAN : AAATS1013P Cumballa Hills, Peddar Road, Mumbai-400026. Appellant) : Respondent) Appellant/Assessee by : Shri P. J. Pardiwala a/w Shri Sukhsagar Syal, AR Revenue/Respondent by : Shri Sanyogita Nagpal, CIT-DR Date of Hearing : 22.07.2024 Date of Pronouncement 26.08.2024 : Per Padmavathy S, AM: 1. These

WELSPUN CORP LTD,MUMBAI vs. DCIT CEN CIR 22, MUMBAI

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

Bench: Shri Prashant Maharishi & Shri Pavan Kumar Gadale

House, Kamala Mill Floor, Aayakar Bhavan, Compound, SB Marg, Mumbai – 400020. Lower Parel, Mumbai-400013. "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAACW0744L Appellant .. Respondent Appellant/Respondent Mr.Rajiv Khandewal.AR by : Respondent/Appellant Ms.Samruddhi Hande.DR by : ITA.No,3890&4364/5063&5483/5165&5043/5166&5044/Mum/2016 M/s. Welspun Corp Ltd, Mumbai. Date of Hearing 17.02.2023 Date of Pronouncement 29.03.2023 आदेश / O R D E R PER BENCH

M/S GLENMARK PHARMACEUTICALS LTD.,MUMBAI vs. DCIT (LTU)-1, MUMBAI

House, HDO World Trade Centre\nCorporate Building Wing Cuffe Parade\nA,B,D, Sawant Marg Mumbai-400 005.\nChakala, Opp. Western\nExpress Highway\nAndheri (E)\nMumbai-400 099.\n(Appellant)\n(Respondent)\nPAN : AAACG2207L\nAssessee by Shri Vijay Mehta & Shri\nJay Modi\nDepartment by Shri P Kumar & Shri\nAshok Kumar Amastha\nDate of Hearing 03.11.2023\nDate of Pronouncement 01.02.2024\nORDER

JCIT CENT. CIR. - 1(4), MUMBAI vs. GRASIM INDUSTRIES LTD, MUMBAI

The appeal is allowed

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

House Property”, after claiming deduction under section 24 of the Act. In this regard, it is pertinent to note that the property in question forms part of the block of assets since the assessment year 1987-88 and the depreciation on the entire block was also allowed. The Revenue has also not disputed this fact. It is settled that once

TATA EDUCATION TRUST ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX , MUMBAI

In the result, the appeal is allowed

House,\nIncome Tax Circle- 26(1)\n24 Homi Mody Street,\nKautilya Bhavan,\nFort, Mumbai- 400001.\nVs.\nBandra Kurla Complex,\nPAN: AAATT9835A\nBandra (East),\n(Appellant)\nMumbai- 400051.\n(Respondent)\nPresent for :\nAssessee by\nShri P. J. Pardiwala/ Shri. Sukhsagar Syal & Shri\nAtul Suraiya, A.R.\nRevenue by\nShri P. D. Chougule (Addl. CIT) SR. D.R.\nDate of Hearing\n10.07.2024\nDate

ACC LIMITED (FORMERLY KNOWN AS THE ASSOCIATED CEMENT COMPANIES LTD.),MUMBAI vs. ADDLL. CIT ,RG. 1(1), MUMBAI

In the result, appeal filed by assessee is partly allowed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Sandeep Singh Karhail, Hon'Blem/S. Acc Ltd., V. Dcit – Range – 1(1) Mumbai {Formerly Known As The Associated Cement Companies, Ltd.,} Cement House, 121 M.K. Road, Churchgate Mumbai - 400020 Pan: Aaact1507C (Appellant) (Respondent) Dcit (Ltu)-1 V. M/S. Acc Ltd., 29Th Floor, Centre No.1 Cement House, 121 World Trade Centre, Cuffe Parade M.K. Road, Churchgate Mumbai - 400005 Mumbai - 400020 Pan: Aaact1507C (Appellant) (Respondent)

1-4-1981 reads thus (the sub-section existed upto 31-3-1988 and was deleted thereafter): "(iia) in the case of any new machinery or plant (other than ships and aircraft) which has been installed after the 31st day of March, 1980 but before the 1st day of April, 1985, a further sum equal to one-half

DCIT(LTU) - 1, MUMBAI vs. ACC LTD., MUMBAI

In the result, appeal filed by assessee is partly allowed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Sandeep Singh Karhail, Hon'Blem/S. Acc Ltd., V. Dcit – Range – 1(1) Mumbai {Formerly Known As The Associated Cement Companies, Ltd.,} Cement House, 121 M.K. Road, Churchgate Mumbai - 400020 Pan: Aaact1507C (Appellant) (Respondent) Dcit (Ltu)-1 V. M/S. Acc Ltd., 29Th Floor, Centre No.1 Cement House, 121 World Trade Centre, Cuffe Parade M.K. Road, Churchgate Mumbai - 400005 Mumbai - 400020 Pan: Aaact1507C (Appellant) (Respondent)

1-4-1981 reads thus (the sub-section existed upto 31-3-1988 and was deleted thereafter): "(iia) in the case of any new machinery or plant (other than ships and aircraft) which has been installed after the 31st day of March, 1980 but before the 1st day of April, 1985, a further sum equal to one-half

GRASIM INDUSTRIES LTD,MUMBAI vs. DCIT CENT. CIR. - 1(4), MUMBAI

The appeal is allowed

House Property”, after claiming deduction\nunder Section 24 of the Act. In this regard, it is pertinent to note that the\nproperty in question forms part of the block of assets since the assessment\nyear 1987-88 and the depreciation on the entire block was also allowed. The\nRevenue has also not disputed this fact. It is settled that once

VISWAAT CHEMICALS LIMITED,MUMBAI vs. CIT(A)-54, EARNEST HOUSE

In the result, original grounds no

Bench: Shri Pavan Kumar Gadale & Shri Gagan Goyalviswaat Chemicals Limited, 909/910 Eco Star, Vishweshwar Nagar, Behind Udupi Vihae Hotel, Mumbai-400 063 Pan: Aaacv4184B ...... Appellant Vs. Dcit Cen. Cir. 6(3), 102, 1St Floor, Earnest House, Ncpa Marg, Nariman Point Mumbai- 400021 ..... Respondent

iia) of sub-section (1), shall not be allowed], unless such research association, university, college or other institution or company— (i) prepares such statement for such period as may be prescribed and deliver or cause to be delivered to the said prescribed income-tax authority or the person authorised by such authority such statement in such form, verified in such

DCIT (LTU) 2, MUMBAI vs. ASIAN PAINTS LTD, MUMBAI

property; or\n(b) provision of services or lending or borrowing money; or\n(c) any other transaction having a bearing on the profits, income, losses or\nassets of such enterprises\n28. From the perusal of the financial statement of the assessee, forming part\nof the paper book from pages 1-27, we find that the assessee has declared

DCIT (LTU) 2, MUMBAI vs. ASIAN PAINTS LTD, MUMBAI

property; or\nprovision of services or lending or borrowing money; or\n(c)\nany other transaction having a bearing on the profits, income, losses or assets\nof such enterprises\n28. From the perusal of the financial statement of the assessee, forming part\nof the paper book from pages 1-27, we find that the assessee has declared the\nletters

DCIT (LTU) 2, MUMBAI vs. ASIAN PAINTS LTD, MUMBAI

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

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

house facilities while the Tribunal allowed the same. The Hon'ble Gujarat High Court upheld the decision of the Tribunal holding that merely because the prescribed authority segregated expenditure into two parts by itself could not be sufficient to deny the benefit to the assessee u/s 35(2AB). The issue involved the in the case of Cadila Health Care

ASIAN PAINTS LIMITED,MUMBAI vs. DY. CIT LTU, MUMBAI

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

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

house facilities while the Tribunal allowed the same. The Hon'ble Gujarat High Court upheld the decision of the Tribunal holding that merely because the prescribed authority segregated expenditure into two parts by itself could not be sufficient to deny the benefit to the assessee u/s 35(2AB). The issue involved the in the case of Cadila Health Care

ASIAN PAINTS LTD,MUMBAI vs. ASST CIT (LTU) 2, MUMBAI

house facilities while the\nTribunal allowed the same. The Hon'ble Gujarat High Court upheld the decision\nof the Tribunal holding that merely because the prescribed authority segregated\nexpenditure into two parts by itself could not be sufficient to deny the benefit to\nthe assessee u/s 35(2AB). The issue involved the in the case of Cadila Health\nCare

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

House, 4 th Floor, World Trade Centre, Vs. 12 K Dubahsh Marg, Cuffe Parade Mumbai-400 023 Mumbai-400 005 (Appellant) (Respondent) Assessee by : Shri F.V. Irani, AR Revenue by : Shri Sumit Kumar, DR Date of hearing: 22.07.2022 Date of pronouncement 29.08.2022 : O R D E R PER PRASHANT MAHARISHI, AM: 01. This is the bunch of 10 appeals pertaining

IPCA LABORATORIES LTD,MUMBAI vs. ACIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

House, 4 th Floor, World Trade Centre, Vs. 12 K Dubahsh Marg, Cuffe Parade Mumbai-400 023 Mumbai-400 005 (Appellant) (Respondent) Assessee by : Shri F.V. Irani, AR Revenue by : Shri Sumit Kumar, DR Date of hearing: 22.07.2022 Date of pronouncement 29.08.2022 : O R D E R PER PRASHANT MAHARISHI, AM: 01. This is the bunch of 10 appeals pertaining

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

House, 4 th Floor, World Trade Centre, Vs. 12 K Dubahsh Marg, Cuffe Parade Mumbai-400 023 Mumbai-400 005 (Appellant) (Respondent) Assessee by : Shri F.V. Irani, AR Revenue by : Shri Sumit Kumar, DR Date of hearing: 22.07.2022 Date of pronouncement 29.08.2022 : O R D E R PER PRASHANT MAHARISHI, AM: 01. This is the bunch of 10 appeals pertaining

ACIT CEN CIR 13, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

House, 4 th Floor, World Trade Centre, Vs. 12 K Dubahsh Marg, Cuffe Parade Mumbai-400 023 Mumbai-400 005 (Appellant) (Respondent) Assessee by : Shri F.V. Irani, AR Revenue by : Shri Sumit Kumar, DR Date of hearing: 22.07.2022 Date of pronouncement 29.08.2022 : O R D E R PER PRASHANT MAHARISHI, AM: 01. This is the bunch of 10 appeals pertaining

IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

House, 4 th Floor, World Trade Centre, Vs. 12 K Dubahsh Marg, Cuffe Parade Mumbai-400 023 Mumbai-400 005 (Appellant) (Respondent) Assessee by : Shri F.V. Irani, AR Revenue by : Shri Sumit Kumar, DR Date of hearing: 22.07.2022 Date of pronouncement 29.08.2022 : O R D E R PER PRASHANT MAHARISHI, AM: 01. This is the bunch of 10 appeals pertaining