DCIT CIR 1(1), MUMBAI vs. M/S. HOUSING DEVELOPMENT FINANCE CORPN. LTD., MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

5 years and interest / discount, etc., income on\ntemporary deployment of funds have been held in favour of the\nassessee by holding the same to be eligible in computing the profit\neligible for deduction u/s. 36(1)(viii). However, issue relating to\ninterest income from housing finance for non-residential purposes is\nheld against the assessee and not eligible

THE DY CIT CIR 1(1), MUMBAI vs. M/S. HOUSING DEVELOPMENT FINANCE CORPN LTD., MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

5 years and interest / discount, etc., income on\ntemporary deployment of funds have been held in favour of the\nassessee by holding the same to be eligible in computing the profit\neligible for deduction u/s. 36(1)(viii). However, issue relating to\ninterest income from housing finance for non-residential purposes is\nheld against the assessee and not eligible

RAYMOND LTD,MUMBAI vs. DCIT (OSD) RG 2(3), MUMBAI

Accordingly, the same are dismissed as not pressed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleraymond Limited V. The Addl. Cit– 2(3) New Hind House Aayakar Bhavan, M.K. Road Narottam Morarjee Marg Mumbai - 400020 Ballard Estate, Mumbai - 400001 Pan: Aaacr4896A Appellant Respondent C.O. No. 287/Mum/2017 [Arising Out Of Ita No. 2218/Mum/2011 (A.Y. 2007-08)] The Addl. Cit– 2(3) V. Raymond Limited Aayakar Bhavan, M.K. Road New Hind House Mumbai - 400020 Narottam Morarjee Marg Ballard Estate, Mumbai - 400001 Pan: Aaacr4896A Appellant Respondent M/S. Raymond Limited V. The Dcit – Osd- 2(3) New Hind House, Aayakar Bhavan, M.K. Road Narottam Morarjee Marg Mumbai – 400020 Ballard Estate, Mumbai - 400001 Pan: Aaacr4896A Appellant Respondent

5. The learned Commissioner of Income-tax (Appeals) erred in upholding the action of Assessing Officer in granting interest 31 ITA No. 4322/MUM/2012 (A.Y. 2008-09) C.O. NO. 287& 288/MUM/2017 M/s. Raymond Limited under section 244A on excess credit for tax deducted at source claimed during the assessment proceedings from the date on which the TDS Certificates were furnished till

RAYMOND LTD,MUMBAI vs. ADDL CIT RG 2(3), MUMBAI

Accordingly, the same are dismissed as not pressed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleraymond Limited V. The Addl. Cit– 2(3) New Hind House Aayakar Bhavan, M.K. Road Narottam Morarjee Marg Mumbai - 400020 Ballard Estate, Mumbai - 400001 Pan: Aaacr4896A Appellant Respondent C.O. No. 287/Mum/2017 [Arising Out Of Ita No. 2218/Mum/2011 (A.Y. 2007-08)] The Addl. Cit– 2(3) V. Raymond Limited Aayakar Bhavan, M.K. Road New Hind House Mumbai - 400020 Narottam Morarjee Marg Ballard Estate, Mumbai - 400001 Pan: Aaacr4896A Appellant Respondent M/S. Raymond Limited V. The Dcit – Osd- 2(3) New Hind House, Aayakar Bhavan, M.K. Road Narottam Morarjee Marg Mumbai – 400020 Ballard Estate, Mumbai - 400001 Pan: Aaacr4896A Appellant Respondent

5. The learned Commissioner of Income-tax (Appeals) erred in upholding the action of Assessing Officer in granting interest 31 ITA No. 4322/MUM/2012 (A.Y. 2008-09) C.O. NO. 287& 288/MUM/2017 M/s. Raymond Limited under section 244A on excess credit for tax deducted at source claimed during the assessment proceedings from the date on which the TDS Certificates were furnished till

M/S. HOUSING DEVELOP,MENT FINANCE CORPN. LTD,MUMBAI vs. THE ADDL CIT RG-1(1), MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

5 years and interest / discount, etc., income on\ntemporary deployment of funds have been held in favour of the\nassessee by holding the same to be eligible in computing the profit\neligible for deduction u/s. 36(1)(viii). However, issue relating to\ninterest income from housing finance for non-residential purposes is\nheld against the assessee and not eligible

THE DY CIT CIR 1(1), MUMBAI vs. M/S. HOUSING DEVELOPMENT FINANCE CORPN LTD, MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

5 years and interest / discount, etc., income on\ntemporary deployment of funds have been held in favour of the\nassessee by holding the same to be eligible in computing the profit\neligible for deduction u/s. 36(1)(viii). However, issue relating to\ninterest income from housing finance for non-residential purposes is\nheld against the assessee and not eligible

M/S. HOUSING DEVELOP,MENT FINANCE CORPN. LTD,MUMBAI vs. THE ADDL CIT RG 1(1), MUMBAI

5 years and interest / discount, etc., income on\ntemporary deployment of funds have been held in favour of the\nassessee by holding the same to be eligible in computing the profit\neligible for deduction u/s. 36(1)(viii). However, issue relating to\ninterest income from housing finance for non-residential purposes is\nheld against the assessee and not eligible

ABU DHABI COMMERCIAL BANK PJSC,MUMBAI vs. DCIT (INTERNATIONAL TAXATION)-1(1)(1), MUMBAI

In the result, the appeal is partly allowed

Bench: Shri Saktijit Dey, Vp & Ms. Padmavathy S, Am Abu Dhabi Commercial Bank Pjsc Dcit (International Taxation)- Wework India Management Private 1(1)(1) 5Th Floor, Room No. 517, Limited Vs. 2Nd Floor, Express Towers, Air India Building, Nariman Point, Ranath Goenka Marg, Nariman Point, Mumbai-400 021 Mumbai-400 021 Pan/Gir No. Aaaca 4216 B (Appellant) : (Respondent)

house property 3. Profits and gains of business and profession 4. Capital gain 5. Income from other sources 12. Sections 15 to 59 provide the mode and manner of computation of income under each of the aforesaid heads of income. Once income under different heads are computed, Chapter VI and VI-A get triggered. While Chapter VI provides for aggregation

HINDUSTAN UNILEVER LIMITED,MUMBAI vs. DY.CIT-1(1)(2), MUMBAI

House, B.D. Sawant Marg,\nChakala, Off Western Express Highway,\nAndheri (E),\nMumbai - 400099\nPAN: AAACH1004N\nCross Objector\n(Original Respondent)\nv/s\nDeputy Commissioner of Income Tax,\n1(1)(2),\n579, Aayakar Bhavan,\nM.K. Road,\nMumbai - 400020\nRespondent\n(Original Appellant)\nAssessee by : Shri Nishant Thakkar\nMs. Jasmin Amalsadvala\nRevenue by : Shri Ajay Chandra, CIT-DR\nDate of Hearing – 02/12/2025\nDate

ACC LTD.,MUMBAI vs. ADDL CIT(LTU) , MUMBAI

In the result, appeal filed by assessee is partly allowed and appeal filed by the revenue is dismissed

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

houses in the State. The aforesaid object is clear and unequivocal. The object of the grant of the subsidy was in order that persons come forward to construct Multiplex Theatre Complexes, the idea being that exemption from entertainment duty for a period of three years and partial remission for a period of two years should go towards helping the industry

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

In the result, appeal filed by assessee is partly allowed and appeal filed by the revenue is dismissed

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

houses in the State. The aforesaid object is clear and unequivocal. The object of the grant of the subsidy was in order that persons come forward to construct Multiplex Theatre Complexes, the idea being that exemption from entertainment duty for a period of three years and partial remission for a period of two years should go towards helping the industry