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. 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

DCIT (LTU) 1, 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

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. 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

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

ASST CIT (LTU) 1, 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

ZEE ENTERTAINMENT ENTERPRISES LIMITED,MUMBAI vs. ADDL. COMM OF INCOME TAX RANGE-11 (1), MUMBAI

In the result, appeal of the assessee is partly allowed

Bench: Shri G.S.Pannu & Shri Ravish Soodzee Entertainment Enterprises Ltd., 135, Continental Building, Dr.A.B.Road, Worli, Mumbai 400 020 Pan:Aaacz 0243R ...... Appellant Vs. The Addl. Commissioner Of Income Tax, Range -11(1), 4Th Floor, Room No.434, Aaykar Bhavan,M.K.Road, Mumbai – 400 020 .... Respondent

house production of general entertainment programmes, current affairs and film rights for telecasting on its channels in India. Subsequent to such exploitation on Indian channels, assessee company exports/sells limited telecasting rights of such programme and films to its associated enterprise, ATL Mauritius for enabling the telecast of such products on the channels of its associated enterprise in the territories

ARIHANT DEVELOPERS ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

House property income. I.T.A. No 346/Mum/2019 in Arihant\nEstate Pvt. Ltd.6 January, 2021,\n"2. The brief facts of the case are, assessee is engaged in the business of\nconstruction activity and filed its return of income on 29/09/2014 for\n assessment year 2014-15 declaring total income of Rs.4,65,800/-.\nSubsequently, the case was selected for scrutiny under

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1 , KALYAN

In the result, all the above appeals of the assessee are\ndismissed

House property income. I.T.A. No 346/Mum/2019 in Arihant\nEstate Pvt. Ltd.6 January, 2021,\n\"2. The brief facts of the case are, assessee is engaged in the business of\nconstruction activity and filed its return of income on 29/09/2014 for\n assessment year 2014-15 declaring total income of Rs.4,65,800/-.\nSubsequently, the case was selected for scrutiny under

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

House property income. I.T.A. No 346/Mum/2019 in Arihant\nEstate Pvt. Ltd.6 January, 2021,\n\"2. The brief facts of the case are, assessee is engaged in the business of\nconstruction activity and filed its return of income on 29/09/2014 for\n assessment year 2014-15 declaring total income of Rs.4,65,800/-.\nSubsequently, the case was selected for scrutiny under

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

House property income. I.T.A. No 346/Mum/2019 in Arihant\nEstate Pvt. Ltd.6 January, 2021,\n"2. The brief facts of the case are, assessee is engaged in the business of\nconstruction activity and filed its return of income on 29/09/2014 for\n assessment year 2014-15 declaring total income of Rs.4,65,800/-.\nSubsequently, the case was selected for scrutiny under

ASSISTANT COMMISSIONER OF INCOME TAX 25(3), MUMBAI vs. PANKAJ ENTERPRISES, MUMBAI

In the result, both the appeals of the Revenue for AY 2012

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale () Assessment Year: 2012-13 Pankaj Enterprises, Jt. Cit Range-25(3), C/O Shankarlal Jain & Assoicates Pritashkar Bhavan, Bkc, 12, Engineer Building, 265, Vs. Bandra (E), Princess Street, Mumbai-400051. Mumbai-400 002. Pan No. Aacfp 3044 K Appellant Respondent Assessment Year: 2009-10 & Assessment Year: 2012-13 Asst. Commissioner Of Income Tax- M/S Pankaj Enterprises, 25(3), Plot No. 1, Behind Ice Factory, Room No. 601, C-10, 6Th Floor, Vs. Saki Vihar Road, Chandivali, Pratyakshakar Bhavan, Bandra Mumbai-400072. Kurla Complex, Bandra (East), Mumbai-400051. Pan No. Aacfp 3044 K Appellant Respondent Co No. 313/Mum/2018 (Ita No. 4875/Mum/2017) Assessment Year: 2009-10 & Co No. 312/Mum/2018 (Ita No. 4876/Mum/2017) Assessment Year: 2012-13

transfer of provisions of section 50C are not applicable on transfer of provisions of section 50C are not applicable on transfer of development rights. The said finding of the Ld CIT(A) is reproduced ts. The said finding of the Ld CIT(A) is reproduced ts. The said finding of the Ld CIT(A) is reproduced as under : “6.8 Recently

PANKAJ ENTERPRISES,MUMBAI vs. JT CIT RG 25(3), MUMBAI

In the result, both the appeals of the Revenue for AY 2012

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale () Assessment Year: 2012-13 Pankaj Enterprises, Jt. Cit Range-25(3), C/O Shankarlal Jain & Assoicates Pritashkar Bhavan, Bkc, 12, Engineer Building, 265, Vs. Bandra (E), Princess Street, Mumbai-400051. Mumbai-400 002. Pan No. Aacfp 3044 K Appellant Respondent Assessment Year: 2009-10 & Assessment Year: 2012-13 Asst. Commissioner Of Income Tax- M/S Pankaj Enterprises, 25(3), Plot No. 1, Behind Ice Factory, Room No. 601, C-10, 6Th Floor, Vs. Saki Vihar Road, Chandivali, Pratyakshakar Bhavan, Bandra Mumbai-400072. Kurla Complex, Bandra (East), Mumbai-400051. Pan No. Aacfp 3044 K Appellant Respondent Co No. 313/Mum/2018 (Ita No. 4875/Mum/2017) Assessment Year: 2009-10 & Co No. 312/Mum/2018 (Ita No. 4876/Mum/2017) Assessment Year: 2012-13

transfer of provisions of section 50C are not applicable on transfer of provisions of section 50C are not applicable on transfer of development rights. The said finding of the Ld CIT(A) is reproduced ts. The said finding of the Ld CIT(A) is reproduced ts. The said finding of the Ld CIT(A) is reproduced as under : “6.8 Recently

ASSISTANT COMMISSIONER OF INCOME TAX 25(3), MUMBAI vs. PANKAJ ENTERPRISES, MUMBAI

In the result, both the appeals of the Revenue for AY 2012

Bench: Shri Om Prakash Kant () & Shri Pavan Kumar Gadale () Assessment Year: 2012-13 Pankaj Enterprises, Jt. Cit Range-25(3), C/O Shankarlal Jain & Assoicates Pritashkar Bhavan, Bkc, 12, Engineer Building, 265, Vs. Bandra (E), Princess Street, Mumbai-400051. Mumbai-400 002. Pan No. Aacfp 3044 K Appellant Respondent Assessment Year: 2009-10 & Assessment Year: 2012-13 Asst. Commissioner Of Income Tax- M/S Pankaj Enterprises, 25(3), Plot No. 1, Behind Ice Factory, Room No. 601, C-10, 6Th Floor, Vs. Saki Vihar Road, Chandivali, Pratyakshakar Bhavan, Bandra Mumbai-400072. Kurla Complex, Bandra (East), Mumbai-400051. Pan No. Aacfp 3044 K Appellant Respondent Co No. 313/Mum/2018 (Ita No. 4875/Mum/2017) Assessment Year: 2009-10 & Co No. 312/Mum/2018 (Ita No. 4876/Mum/2017) Assessment Year: 2012-13

transfer of provisions of section 50C are not applicable on transfer of provisions of section 50C are not applicable on transfer of development rights. The said finding of the Ld CIT(A) is reproduced ts. The said finding of the Ld CIT(A) is reproduced ts. The said finding of the Ld CIT(A) is reproduced as under : “6.8 Recently

SIRO CLINPHARM P. LTD,MUMBAI vs. DCIT CIR 3(3), MUMBAI

In the result, appeal of the assessee is allowed

property, or provision of services, or lending or borrowing money, or any other transaction having a bearing on the profits, income, losses or assets of such enterprises". Our transfer pricing provisions, perhaps being in the quest of comprehensive coverage, have ended up in a limited scope of the transactions being covered by the arm's length price adjustments for transfer

DCIT CIR 3(3), MUMBAI vs. SIRO CLINPHARM P.LTD, MUMBAI

In the result, appeal of the assessee is allowed

property, or provision of services, or lending or borrowing money, or any other transaction having a bearing on the profits, income, losses or assets of such enterprises". Our transfer pricing provisions, perhaps being in the quest of comprehensive coverage, have ended up in a limited scope of the transactions being covered by the arm's length price adjustments for transfer