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

houses in India for residential purposes. In view thereof, the ld AR\nprayed that deduction under section 36(1)(viii) of the Act may be granted in re-\nspect of all the aforesaid three categories of receipts. In this regard reliance is\nplaced on the decision of the Apex Court in the case of Standard Refinery & Dis-\ntillery

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

houses in India for residential purposes. In view thereof, the ld AR\nprayed that deduction under section 36(1)(viii) of the Act may be granted in re-\nspect of all the aforesaid three categories of receipts. In this regard reliance is\nplaced on the decision of the Apex Court in the case of Standard Refinery & Dis-\ntillery

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

houses in India for residential purposes. In view thereof, the ld AR\nprayed that deduction under section 36(1)(viii) of the Act may be granted in re-\nspect of all the aforesaid three categories of receipts. In this regard reliance is\nplaced on the decision of the Apex Court in the case of Standard Refinery & Dis-\ntillery

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

houses in India for residential purposes. In view thereof, the ld AR\nprayed that deduction under section 36(1)(viii) of the Act may be granted in re-\nspect of all the aforesaid three categories of receipts. In this regard reliance is\nplaced on the decision of the Apex Court in the case of Standard Refinery & Dis-\ntillery

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

houses in India for residential purposes. In view thereof, the ld AR\nprayed that deduction under section 36(1)(viii) of the Act may be granted in re-\nspect of all the aforesaid three categories of receipts. In this regard reliance is\nplaced on the decision of the Apex Court in the case of Standard Refinery & Dis-\ntillery

DY CIT. CIRCLE-1, THANE vs. M/S TRAVECOM GLOBAL P. LTD., BHAYANDER

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bledcit – Circle 1 V. M/S. Travecom Global Pvt. Ltd., Room No. 22, B-Wing B/607, Krishnakunj 6Th Floor, Ashar I.T. Park Salasar Brij Bhoomi Wagle Industrial Estate Bhayander (W)-401101 Thane (W)-400604 Pan: Aaect8729Q (Appellant) (Respondent) Assessee By : Ms. Aarti Vissanji Department By : Shri B.K. Bagchi

houses), detailed explanation and factors considered to arrive at the discounting factor 15 percent. General Rejection of DCF 2. The Assessing officer has erred in rejecting the DCF method Method adopted by assessee as its beyond the jurisdiction of Assessing Officer as mentioned in Paragraph 5 of Page 7 of Assessment order. Facts of the case: 1. The assessee filed