M/S LIFE INSURANCE CORPORATION OF INDIA,MUMBAI-400021 vs. DY COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

Appeal is disposed off as being partly allowed

5A) of section 80G of the Act. The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed

LIFE INSURANCE CORPORATION OF INDIA,MUMBAI vs. DY.COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

5A) of section 80G of the Act. The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

LIFE INSURANCE CORPORATION OF INDIA,MUMBAI vs. DY.COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

5A) of section 80G of the Act. The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

LIFE INSURANCE CORPORATION OF INDIA,MUMBAI vs. DY.COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

5A) of section 80G of the Act. The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

LIFE INSURANCE CORPORATION OF INDIA,MUMBAI vs. DY.COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blelife Insurance Corporation Of India V. Dcit – 3(2)(1) Central Office, F&A Department Room No. 608 3Rd Floor, West Wing Aayakar Bhavan, M.K. Road “Yogakshema” Jeevan Bima Marg Mumbai - 400020 Mumbai - 400021 Pan: Aaacl0582H Appellant Respondent Acit – 3(2)(1) V. M/S. Life Insurance Corporation Of India Central Office Room No. 674, 6Th Floor “Yogakshema” Jeevan Bima Marg Aayakar Bhavan, M.K. Road Nariman Point, Mumbai - 400021 Mumbai - 400020 Pan: Aaacl0582H Appellant Respondent

5A) of section 80G of the Act. The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

ACIT-3(2)(1), MUMBAI, MUMBAI vs. M/S LIFE INSURANCE CORPORATION OF INDIA, MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blelife Insurance Corporation Of India V. Dcit – 3(2)(1) Central Office, F&A Department Room No. 608 3Rd Floor, West Wing Aayakar Bhavan, M.K. Road “Yogakshema” Jeevan Bima Marg Mumbai - 400020 Mumbai - 400021 Pan: Aaacl0582H Appellant Respondent Acit – 3(2)(1) V. M/S. Life Insurance Corporation Of India Central Office Room No. 674, 6Th Floor “Yogakshema” Jeevan Bima Marg Aayakar Bhavan, M.K. Road Nariman Point, Mumbai - 400021 Mumbai - 400020 Pan: Aaacl0582H Appellant Respondent

5A) of section 80G of the Act. The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

ITO(TDS)-2(3)(1), MUMBAI, MUMBAI vs. N ROSE DEVELOPERS PRIVATE LIMITED, MUMBAI

In the result, both appeals by the Revenue are dismissed

Bench: Shri B R Baskaranshri Sandeep Singh Karhailita No.6328/Mum/2024 (Assessment Year : 2018-19) (Assessment Year : 2019-20) Ito (Tds)-2(3)(1), Room No.909, 9Th Floor, Mtnl Building, Cumbala Hill, Peddar Road, Mumbai - 400026 ............... Appellant V/S N Rose Developers Private Limited, C-1 Building No.3, Sumer Nagar Chs Ltd. ……………… Respondent S.V. Road, Borivali (West), Mumbai -400092 Pan : Aaccn5680J Assessee By : Shri Rajesh Agrawal Revenue By : Ms. Monika H. Pande, Sr.Dr

5A) of the Act, and therefore, the ITAs No.6334 & 6328-Mum-2024 5 assessee was liable to deduct TDS under section 194-IC of the Act. The learned DR submitted that as the assessee failed to do so, tax and interest were rightly levied by the AO(TDS) under section 201(1) and section

ITO(TDS)-2(3)(1), MUMBAI, MUMBAI vs. N ROSE DEVELOPERS PRIVATE LIMITED, MUMBAI

In the result, both appeals by the Revenue are dismissed

Bench: Shri B R Baskaranshri Sandeep Singh Karhailita No.6328/Mum/2024 (Assessment Year : 2018-19) (Assessment Year : 2019-20) Ito (Tds)-2(3)(1), Room No.909, 9Th Floor, Mtnl Building, Cumbala Hill, Peddar Road, Mumbai - 400026 ............... Appellant V/S N Rose Developers Private Limited, C-1 Building No.3, Sumer Nagar Chs Ltd. ……………… Respondent S.V. Road, Borivali (West), Mumbai -400092 Pan : Aaccn5680J Assessee By : Shri Rajesh Agrawal Revenue By : Ms. Monika H. Pande, Sr.Dr

5A) of the Act, and therefore, the ITAs No.6334 & 6328-Mum-2024 5 assessee was liable to deduct TDS under section 194-IC of the Act. The learned DR submitted that as the assessee failed to do so, tax and interest were rightly levied by the AO(TDS) under section 201(1) and section

PERFECT THREAD MILLS LTD,MUMBAI vs. DCIT 8(2), MUMBAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri G.S.Pannu Vice Presedent,(As) Shri D. Karunakar Rao & Shri Amit Shukla, Sh. Pawan Singh & Shri Rajesh Kumarperfect Thread Mills Ltd Vs Dcit, 8(2), Mumbai 201, Millenium Plaza Behind Sakinaka Telephone Exchange, Andheri Kurla Road, Andheri (E), Mumbai- 72 Pan: Aaacp6449E Appellant Respondednt

house from assessee and vesting thereof with the bank. On these facts, the honourable High Court held that it was not a case of diversion of income by overriding title but application of income towards repayment of bank loan. In 3 case of inheritance/acquisition along with the mortgage perfecting his title by getting mortgage discharged, the assessee would be entitled

DY. CIT CIRCLE 3(4), MUMBAI, MUMBAI vs. ASIAN PAINTS LTD, MUMBAI

In the result, appeals filed by assessee and Revenue for A

Bench: IN THE INCOME TAX APPELLATE TRIBUNAL, ‘A‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA (Judicial Member), SMT RENU JAUHRI (Accountant Member)

5A) The prescribed authority shall, if he is satisfied that the conditions provided in this rule and in sub-section (2AB) of section 35 of the Act are fulfilled, pass an order in writing in Form No. 3CM: Provided that a reasonable opportunity of being heard shall be granted to the company before rejecting an application." "(7A) Approval of expenditure

GEORGE BRITTO JESUDAS,THANE vs. ITO 2(3), THANE

In the result, appeal of the assessee is allowed

Bench: Shri R.C.Sharma, Am & Shri Pawan Singh, Jm Mr. George Britto Jesudas Vs. Ito – 2 (3), B-Wing, 6Th Floor, Ashar It A-2, Prakriti Building Shrishti Complex, Park, Road No.16-Z, Sector 5A, Mira Road (East) Near Ambika Nagar Thane – 401 107 Wagle Industrial Estate, Thane – 400 604 Pan/Gir No. Appellant) Respondent) ..

5A, Mira Road (East) Near Ambika Nagar Thane – 401 107 Wagle Industrial Estate, Thane – 400 604 PAN/GIR No. Appellant) Respondent) .. Assessee by Shri Virendra Singh Khurana Revenue by Shri V. Vidhyadhar Date of Hearing 26/12/2017 Date of Pronouncement 19/01/2018 आदेश / O R D E R PER R.C.SHARMA (A.M): This is an appeal filed by the assessee against the order

LIFE INSURANCE CORPORATION OF INDIA,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

Bench: Shri Kuldip Singh & Shri S. Rifaur Rahmanassessment Year: 2010-11 M/S. Life Insurance Dcit 3(2)(1), Corporation Of India, Room No.608, Central Office, Aayakar Bhavan, F&A Department, Maharshi Karve Road, Vs. 3Rd Floor, West Wing, New Marine Lines, “Yogakshema”, Mumbai - 400020 Jeevan Bima Marg, Mumbai – 400 021 Pan: Aaacl0582H (Appellant) (Respondent) Assessment Year: 2010-11 Acit 3(2)(1), M/S. Life Insurance Room No.674, 6Th Floor, Corporation Of India, Aayakar Bhavan, Central Office, M.K. Road, Vs. Yogakshema, Mumbai - 400020 Jeevan Bima Marg, Nariman Point, Mumbai – 400 005 Pan: Aaacl0582H (Appellant) (Respondent)

5A) of section 80G of the Act . The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

ASST. COMM OF INCOME TAX 3(2) (1) , MUMBAI vs. LIFE INSURANCE CORPORATION OF INDIA, MUMBAI

Bench: Shri Kuldip Singh & Shri S. Rifaur Rahmanassessment Year: 2010-11 M/S. Life Insurance Dcit 3(2)(1), Corporation Of India, Room No.608, Central Office, Aayakar Bhavan, F&A Department, Maharshi Karve Road, Vs. 3Rd Floor, West Wing, New Marine Lines, “Yogakshema”, Mumbai - 400020 Jeevan Bima Marg, Mumbai – 400 021 Pan: Aaacl0582H (Appellant) (Respondent) Assessment Year: 2010-11 Acit 3(2)(1), M/S. Life Insurance Room No.674, 6Th Floor, Corporation Of India, Aayakar Bhavan, Central Office, M.K. Road, Vs. Yogakshema, Mumbai - 400020 Jeevan Bima Marg, Nariman Point, Mumbai – 400 005 Pan: Aaacl0582H (Appellant) (Respondent)

5A) of section 80G of the Act . The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

LIFE INSURANCE CORPORATION OF INDIA,MUMBAI vs. ACIT 3(2)(1), MUMBAI

In the result, appeal of the assessee is dismissed

Bench: Shri Pramod Kumar, Vice- & Shri Vikas Awasthyआअसं.2908/मुं/2019 ("न.व .2015-16) The Acit 3(2)(1), Room No.674, 6Th Floor, Aaykar Bhavan, M.K.Road, ...... अपीलाथ" /Appellant Mumbai – 400 020 बनाम Vs. Life Insurance Corporation Of India, Central Office, Yogakshema Jeevan Bima Marg, Nariman Point, Mumbai 400 005. Pan: Aaacl-0582-H ..... ""तवाद"/Respondent आअसं. 3403/मुं/2019 ("न. व .2015-16) Life Insurance Corporation Of India, Central Office, Yogakshema Jeevan Bima Marg, Nariman Point, Mumbai 400 005. ...... अपीलाथ" /Appellant Pan: Aaacl-0582-H बनाम Vs. The Acit 3(2)(1), Room No.674, 6Th Floor, Aaykar Bhavan, M.K.Road, ..... ""तवाद"/Respondent Mumbai – 400 02

5A) of section 80G of the Act . The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

ACIT 3(2)(1), MUMBAI vs. LIFE INSURANCE CORPORATION OF INDIA, MUMBAI

In the result, appeal of the assessee is dismissed

Bench: Shri Pramod Kumar, Vice- & Shri Vikas Awasthyआअसं.2908/मुं/2019 ("न.व .2015-16) The Acit 3(2)(1), Room No.674, 6Th Floor, Aaykar Bhavan, M.K.Road, ...... अपीलाथ" /Appellant Mumbai – 400 020 बनाम Vs. Life Insurance Corporation Of India, Central Office, Yogakshema Jeevan Bima Marg, Nariman Point, Mumbai 400 005. Pan: Aaacl-0582-H ..... ""तवाद"/Respondent आअसं. 3403/मुं/2019 ("न. व .2015-16) Life Insurance Corporation Of India, Central Office, Yogakshema Jeevan Bima Marg, Nariman Point, Mumbai 400 005. ...... अपीलाथ" /Appellant Pan: Aaacl-0582-H बनाम Vs. The Acit 3(2)(1), Room No.674, 6Th Floor, Aaykar Bhavan, M.K.Road, ..... ""तवाद"/Respondent Mumbai – 400 02

5A) of section 80G of the Act . The ld.Authorized Representative of the assessee referring to the provisions of section 44 of the Act submits that the non-obstinate clause is only to the extent of computation of income chargeable to tax under the heads mentioned in the section. The benefit of provisions of section 80G is claimed after computation

SUGEE SEVEN DEVELOPERS LLP,MUMBAI vs. THE INCOME TAX OFFICER, TDS WARD 2(2)(4), MUMBAI, MUMBAI

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

House, Room No. 321, 3rd Floor, Dr. Annie Besant Road, Worli, Cumballa Hill, MTNL TE Building, Mumbai-400030. Vs. Pedder Road, Dr. Gopalrao Deshmukh Marg, Cumballa Hill, PAN: ACUFS3602E Mumbai-400026. Appellant) : Respondent) : Shri Rakesh Joshi, AR Assessee / Appellant by Revenue / Respondent by : Shri Swapnil Choudhary, Sr. DR Date of Hearing : 16.09.2025 Date of Pronouncement

SUGEE SEVEN DEVELOPERS LLP,MUMBAI vs. THE INCOME TAX OFFICER, TDS WARD 2(2)(4), MUMBAI, MUMBAI

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

House, Room No. 321, 3rd Floor, Dr. Annie Besant Road, Worli, Cumballa Hill, MTNL TE Building, Mumbai-400030. Vs. Pedder Road, Dr. Gopalrao Deshmukh Marg, Cumballa Hill, PAN: ACUFS3602E Mumbai-400026. Appellant) : Respondent) : Shri Rakesh Joshi, AR Assessee / Appellant by Revenue / Respondent by : Shri Swapnil Choudhary, Sr. DR Date of Hearing : 16.09.2025 Date of Pronouncement

SUGEE SEVEN DEVELOPERS LLP,MUMBAI vs. THE INCOME TAX OFFICER, TDS WARD 2(2)(4), MUMBAI, MUMBAI

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

House, Room No. 321, 3rd Floor, Dr. Annie Besant Road, Worli, Cumballa Hill, MTNL TE Building, Mumbai-400030. Vs. Pedder Road, Dr. Gopalrao Deshmukh Marg, Cumballa Hill, PAN: ACUFS3602E Mumbai-400026. Appellant) : Respondent) : Shri Rakesh Joshi, AR Assessee / Appellant by Revenue / Respondent by : Shri Swapnil Choudhary, Sr. DR Date of Hearing : 16.09.2025 Date of Pronouncement