WALCHAND PEOPLE FIRST LTD.,MUMBAI vs. ITO - 2(3)(4), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Amit Shukla & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 2543/Mum/2013 ("नधा"रण वष" / Assessment Year : 2009-10)

9. The ld. D.R., on the other hand, submitted that the assessee company is not carrying on any business and business is being carried on by the subsidiary company as the premises are same and the employees must also be same. The assessee company has earned meager income of Rs. 33.53 lacs and the A.O. has rightly disallowed the expenses

ITO 2(3)(4), MUMBAI vs. WALCHAND PEOPLE FIRST LTD, MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Amit Shukla & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 2543/Mum/2013 ("नधा"रण वष" / Assessment Year : 2009-10)

9. The ld. D.R., on the other hand, submitted that the assessee company is not carrying on any business and business is being carried on by the subsidiary company as the premises are same and the employees must also be same. The assessee company has earned meager income of Rs. 33.53 lacs and the A.O. has rightly disallowed the expenses

M/S ARENA ENTERPRISES ,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX, , MUMBAI-17

In the result, appeal filed by the assessee is partly allowed as indicated above

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Arena Enterprise V. Pcit –Mumbai-17 Cts No. 20, Arena Space, Village Majas Room No. 120, 1St Floor Jvlr, Behind Majas Depot Kautilya Bhavan, C-41 To C-43 Jogeshwari (E), Mumbai - 400060 G-Block, Bandra Kurla Complex Bandra(E), Mumbai - 400051 Pan: Aanfa3473E (Appellant) (Respondent) Assessee Represented By : Ms. Mrugakshi Joshi Department Represented By : Shri Jagadish Jangid

9 M/s. Arena Enterprise 19. Without prejudice, we would like to submit that in the show cause notice your Honour is desirous of applying the provisions of section 40A(2)(b) on the ground that the Fair Market Rate (being the Bank Rate of 10% p.a.), is much lower than rate of interest which is paid to the Specified Persons

M/S SANOFI INDIA LTD (FORMERLY KNOWN AS AVENTIS PHARMA LTD,MUMBAI vs. THE ACIT RG 8(1), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vikas Awasthy, Hon’Ble & Shri S. Rifaur Rahman, Hon'Ble

House property. The net result would be Nill. There is no change in the tax rate for both the heads of income. Therefore, the claim of the assessee is allowed in this regard considering the above discussions. 26. With regard to Ground No. 6, Ld. AR of the assessee submitted that this ground is not pressed, accordingly the same

ACIT- 3(1)(1), MUMBAI vs. MM/S SANOFI INDIA LIMITED (FORMERLY KNOWN AS AVENTIS PHARMA LTD)., MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vikas Awasthy, Hon’Ble & Shri S. Rifaur Rahman, Hon'Ble

House property. The net result would be Nill. There is no change in the tax rate for both the heads of income. Therefore, the claim of the assessee is allowed in this regard considering the above discussions. 26. With regard to Ground No. 6, Ld. AR of the assessee submitted that this ground is not pressed, accordingly the same

TATA SONS LTD.,MUMBAI vs. ACIT,CIR 2(3)(1), MUMBAI

In the result, appeal by the Revenue is dismissed

Bench: Shri Pramod Kumar & Shri Sandeep Singh Karhail

house property'. We find that the Id. AR referred to the decision rendered in group companies case of the assessee by this Tribunal in the case of Ewart Investments Ltd., vs. DCIT in ITA No.3623/Mum/2017 dated 28/02/2019 for A.Y.2012-13 wherein this issue was restored to the file of the Id. AO. The Id. AR fairly prayed for similar direction

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(3)(1), MUMBAI vs. TATA SONS LIMITED, MUMBAI

In the result, appeal by the Revenue is dismissed

Bench: Shri Pramod Kumar & Shri Sandeep Singh Karhail

house property'. We find that the Id. AR referred to the decision rendered in group companies case of the assessee by this Tribunal in the case of Ewart Investments Ltd., vs. DCIT in ITA No.3623/Mum/2017 dated 28/02/2019 for A.Y.2012-13 wherein this issue was restored to the file of the Id. AO. The Id. AR fairly prayed for similar direction

BATLIBOI LTD,MUMBAI vs. DCIT CIR 2(1), MUMBAI

In the result, appeal of the assessee is allowed in part

Bench: Shri M.Balaganesh, Am & Shri Pavan Kumar Gadale, Jm M/S. Batliboi Limited Vs. Dy. Cit, Circle 2(1) Bharat House, Aayakar Bhavan 5Th Floor, 104 5Th Floor, Mumbai-400001 Mumbai Samachar Marg Fort, Mumbai -400 001 Pan/Gir No. Aaacb4408L (Appellant) .. (Respondent)

House, Aayakar Bhavan 5th Floor, 104 5th Floor, Mumbai-400001 Mumbai Samachar Marg Fort, Mumbai -400 001 PAN/GIR No. AAACB4408L (Appellant) .. (Respondent) Assessee by Shri S. Vankatraman Revenue by Shri Shishir Dhamija Date of Hearing 05/01/2021 Date of Pronouncement 17/02/2021 आदेश / O R D E R PER M. BALAGANESH (A.M): This appeal in ITA No.5428/Mum/2015 for A.Y.2011-12 arises

LATE SUNIL D GULATI,MUMBAI vs. COMMISSIONER OF INCOME TAX -CENTRAL CIRCLE-39 , MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2008-09 & Assessment Year: 2009-10 Late Sunil D Gulati, Cit-Central Circle 39, 603, Elco Residency, Almeda Room No. 1924, 19Th Floor, Vs. Park Behind Elco Market, Air India Building, Nariman Bandra (West), Point, Churchgate, Mumbai-400050. Mumbai-400020. Pan No. Aehpg 8703 R Appellant Respondent

section 40A(3) Further, the AO has also invoked provisions of section 40A(3) Further, the AO has also invoked provisions of section 40A(3) of the I.T.Act and has disallowed an amount of Rs. of the I.T.Act and has disallowed an amount of Rs. of the I.T.Act and has disallowed an amount

LATE SUNIL D GULATI,MUMBAI vs. COMMISSIONER OF INCOME TAX -CENTRAL CIRCLE-39, MUMBAI

In the result, the appeals of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2008-09 & Assessment Year: 2009-10 Late Sunil D Gulati, Cit-Central Circle 39, 603, Elco Residency, Almeda Room No. 1924, 19Th Floor, Vs. Park Behind Elco Market, Air India Building, Nariman Bandra (West), Point, Churchgate, Mumbai-400050. Mumbai-400020. Pan No. Aehpg 8703 R Appellant Respondent

section 40A(3) Further, the AO has also invoked provisions of section 40A(3) Further, the AO has also invoked provisions of section 40A(3) of the I.T.Act and has disallowed an amount of Rs. of the I.T.Act and has disallowed an amount of Rs. of the I.T.Act and has disallowed an amount

ADDL CIT RG 8(1), MUMBAI vs. M/S. SANOFI INDIA LIMITED (FORMERLY KNOWN AS M/S. AVENTIS PHARMA LTD), MUMBAI

In the result, the C.O. of the assessee for AY 2007-08 is partly allowed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

House Property" and allowed the claim in accordance with law. It is ordered accordingly. Adjustments made to amount claimed as deduction under section 80IB- Ground No.7 25. The AO while considering the deduction claimed by the assessee under section 80IB did not allow the claim to the extent of 30% of Rs. 10,70,852/- which was attributable to interest

ADDL CIT 8(1), MUMBAI vs. M/S. SANOFI INDIA LIMITED (FORMERLY KNOWN AS M/S. AVENTIS PHARMA LTD), MUMBAI

In the result, the C.O. of the assessee for AY 2007-08 is partly allowed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

House Property" and allowed the claim in accordance with law. It is ordered accordingly. Adjustments made to amount claimed as deduction under section 80IB- Ground No.7 25. The AO while considering the deduction claimed by the assessee under section 80IB did not allow the claim to the extent of 30% of Rs. 10,70,852/- which was attributable to interest

SANOFI INDIA LTD FORMERLY KNOWN AS AVENTIS PHARMA LTD ,MUMBAI vs. ADDL CIT RG 8(1), MUMBAI

In the result, the C.O. of the assessee for AY 2007-08 is partly allowed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

House Property" and allowed the claim in accordance with law. It is ordered accordingly. Adjustments made to amount claimed as deduction under section 80IB- Ground No.7 25. The AO while considering the deduction claimed by the assessee under section 80IB did not allow the claim to the extent of 30% of Rs. 10,70,852/- which was attributable to interest

TRIMODE PROPERTIES PVT. LTD.,MUMBAI vs. DCIT - 15(3)(1), MUMBAI

In the result the appeal of the assessee is allowed

Bench: Shri G.S. Pannu & Shri Pawan Singhtrimode Properties Pvt. Ltd. Acit - 10(3) Dgp House, 3Rd Floor, Aayakar Bhavan, M.K. Road, 88C, Old Prabhadevi Road, Mumbai-400020. Mumbai-400025. Vs. Pan: Aabct2569F Appellant Respondent Trimode Properties Pvt. Ltd. Dcit - 15(3)(1) Dgp House, 3Rd Floor, Aayakar Bhavan, M.K. Road, 88C, Old Prabhadevi Road, Mumbai-400020. Mumbai-400025. Vs. Pan: Aabct2569F Appellant Respondent Appellant By : Shri Percy J. Pardiwalla, Shri Nitesh Joshi & Shri Hitesh Trivedi (Ars) Respondent By : Shri Rajiv Gubgotra (Dr) Date Of Hearing : 10.05.2019 Date Of Pronouncement : 26.06.2019 Orderunder Section 254(1)Of Income Tax Act Per Pawan Singh; 1. These Two Appeals By Assessee Are Directed Against The Orders Of Ld. Commissioner Of Income-Tax [Cit(A)]-22, Mumbai Dated 27.02.2012 & Ld. Cit(A)-24, Mumbai Dated 24.06.2016 For Assessment Year (Ay) For Ita No. 3471/M/12 & 4977/M/16- Trimode Properties Pvt. Ltd.

House, 3rd Floor, Aayakar Bhavan, M.K. Road, 88C, Old Prabhadevi Road, Mumbai-400020. Mumbai-400025. Vs. PAN: AABCT2569F Appellant Respondent Appellant by : Shri Percy J. Pardiwalla, Shri Nitesh Joshi & Shri Hitesh Trivedi (ARs) Respondent by : Shri Rajiv Gubgotra (DR) Date of Hearing : 10.05.2019 Date of Pronouncement : 26.06.2019 ORDERUNDER SECTION 254(1)OF INCOME TAX ACT PER PAWAN SINGH, JUDICIAL MEMBER

LARSEN & TOUBRO LTD,MUMBAI vs. DCIT RG 2(2), MUMBAI

House, N. M. Marg, Ballard Estate, Mumbai-400001 [PAN: AAACL0140P] …………… Appellant Vs The Deputy Commissioner of Income Tax, Range 2(2), Mumbai, Aayakar Bhavan, M.K. Marg, Respondent ……………. Mumbai - 400020 Appearance For the Appellant/Assessee : Shri J. D. Mistry, Sr. Advocate Shri Madhur Agrawal Shri Fenil Bhatt For the Respondent/Department : Dr. Yogesh Kamat Shri A.K. Ambastha Date Conclusion of hearing : 15.09.2023 Pronouncement

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

9,38,510 and for the assessment year 1992-93 is Rs. 14,65,880 and the said assessment orders have been placed on record. (v) Under the Central Board of Direct Taxes Circular No. 6-P, dated July 6, 1968, it is stated that no disallowance is to be made under section 40A(2) in respect of the payments

STATE BANK OF INDIA,MUMBAI vs. ACIT CIR 2(2),

In the result, appeal of the revenue is dismissed

Bench: Shri G.S. Pannu & Shri Pawan Singhstate Bank Of India Acit Circle (2)(2), Financial Reporting, Compliance & Mumbai. Taxation Department, 19Th Floor, Vs. Corporate Centre, Madam Cama Road, Mumbai-400021. Pan: Aaacs8577K (Appellant) (Respondent) Acit Circle (2)(2), State Bank Of India Mumbai. Financial Reporting, Compliance & Taxation Department, 19Th Floor, Vs. Corporate Centre, Madam Cama Road, Mumbai-400021. Pan: Aaacs8577K (Appellant) (Respondent)

property and rights of the company; (m) acquiring and undertaking the whole or an part of the business of any person or company, when such business is of a nature enumerated or described in this sub-section; (n) doing all such other things as are incidental or conducive to the promotion or advancement of the business of the company

ACIT CIR 2(2), MUMBAI vs. STATE BANK OF INDIA, MUMBAI

In the result, appeal of the revenue is dismissed

Bench: Shri G.S. Pannu & Shri Pawan Singhstate Bank Of India Acit Circle (2)(2), Financial Reporting, Compliance & Mumbai. Taxation Department, 19Th Floor, Vs. Corporate Centre, Madam Cama Road, Mumbai-400021. Pan: Aaacs8577K (Appellant) (Respondent) Acit Circle (2)(2), State Bank Of India Mumbai. Financial Reporting, Compliance & Taxation Department, 19Th Floor, Vs. Corporate Centre, Madam Cama Road, Mumbai-400021. Pan: Aaacs8577K (Appellant) (Respondent)

property and rights of the company; (m) acquiring and undertaking the whole or an part of the business of any person or company, when such business is of a nature enumerated or described in this sub-section; (n) doing all such other things as are incidental or conducive to the promotion or advancement of the business of the company