SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 271(1)(c) of the Act are fulfilled. In view of the above, the penalty in respect of interest and the excess the penalty in respect of interest and the excess the penalty in respect of interest and the excess depreciation is also cancelled cancelled. The relevant grounds of the appeal of The relevant grounds of the appeal

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 271(1)(c) of the Act are fulfilled. In view of the above, the penalty in respect of interest and the excess the penalty in respect of interest and the excess the penalty in respect of interest and the excess depreciation is also cancelled cancelled. The relevant grounds of the appeal of The relevant grounds of the appeal

SWARAN NADHAN SALARIA,MUMBAI vs. DICT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 271(1)(c) of the Act are fulfilled. In view of the above, the penalty in respect of interest and the excess the penalty in respect of interest and the excess the penalty in respect of interest and the excess depreciation is also cancelled cancelled. The relevant grounds of the appeal of The relevant grounds of the appeal

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 271(1)(c) of the Act are fulfilled. In view of the above, the penalty in respect of interest and the excess the penalty in respect of interest and the excess the penalty in respect of interest and the excess depreciation is also cancelled cancelled. The relevant grounds of the appeal of The relevant grounds of the appeal

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY. CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

SHRI KANNAN KASHI VISHWANATHAN,MUMBAI vs. DY CIT CC-5(2), MUMBAI

In the result, the appeals of the assessee for assess

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary ()

143(1)(a). In view of the broad parity of facts and issue involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full involved, the ratio of aforesaid judgment will apply with full force in case of the appellant. Therefore, it is held that the A.0. force in case

ILA JITENDRA MEHTA,MUMBAI vs. DCIT CENTRAL CIRCLE 8(4), MUMBAI

In the result, the appeal of the Assessee is allowed

Bench: Shri Narender Kumar Choudhry & Smt Renu Jauhriassessment Year: 2014-15

143(2) was issued the assessee has submitted a letter withdrawing the claim of deduction u/s 54F. 9 Ms. Ila Jitendra Mehta Notices u/s 142(1) were also issued however the same were not complied and only on 07.12.2016 the assessee has filed the letter of withdrawal. This fact shows that assessee has withdrawn the claim after various notices issued

DCIT, CC-7(1), MUMBAI vs. M/S MANEESH PHARMACEUTICALS LTD., MUMBAI

2. Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) was justified in deleting the penalty u/s 271(1)(c) on the ground that the inapplicable limb of charge for the penalty was not struck off by the A.O. in the notice u/s 274 r.w.s. 271(1)(c), whereas the fact

ANJIS DEVELOPERS PRIVATE LIMITED,MUMBAI vs. PRINCIPLE CIT-5,MUMBAI, MUMBAI

In the result, the appeal filed by the assessee is dismissed

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2017-18 Anjis Developers Private Limited, Pcit-5, 2Nd Floor, Soham Apartments, Room No. 515, 5Th Floor, 208, Walkeshwar Road, Teen Vs. Aayakar Bhavan, Mk. Batti, Road, Mumbai-400006. Mumbai-400020. Pan No. Aaaca 6022 H Appellant Respondent : Assessee By S. Sriram/Dinesh Kukreja/Ssnyaknavedie Revenue By : Shri Chetan Kacha, Dr : Date Of Hearing 25/11/2022 Date Of Pronouncement : 20/02/2023

143(3) of the Income-tax Act, 1961 (in short ‘the Act’) tax Act, 1961 (in short ‘the Act’). However, in the . However, in the assessment order, the Assessing Officer did not initiate penalty assessment order, the Assessing Officer did not initia assessment order, the Assessing Officer did not initia proceedings u/s 270A of the Act proceedings u/s 270A

DCIT CC 7(2), MUMBAI, MUMBAI vs. M/S MAN INDUSTRIES (INDIA) LIMITED, MUMBAI

In the result, both the both the appeal of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

2) of the Act was issued and served upon the assessee. Subsequently, a search was issued and served upon the assessee. Subsequently, a search was issued and served upon the assessee. Subsequently, a search was conducted u/s 132 of the Act on 10.12.2014. Thereafter, the was conducted u/s 132 of the Act on 10.12.2014. Thereafter, the was conducted u/s

DCIT CC-7(2), MUMBAI, MUMBAI vs. MAN INDUSTRIES (I) LTD., MUMBAI

In the result, both the both the appeal of the Revenue are dismissed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

2) of the Act was issued and served upon the assessee. Subsequently, a search was issued and served upon the assessee. Subsequently, a search was issued and served upon the assessee. Subsequently, a search was conducted u/s 132 of the Act on 10.12.2014. Thereafter, the was conducted u/s 132 of the Act on 10.12.2014. Thereafter, the was conducted u/s

ACIT-3(4), MUMBAI vs. RELIANCE INDUSTRIES LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed whereas the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2016-17 Reliance Industries Ltd., Dy. Cit Circle 3(4), 3Rd Floor, Maker Chamber Iv 222 Room No. 559, Aayakar Bhavan, Nariman Point, Vs. Maharshi Karve Road, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent Assessment Year: 2016-17 Acit-3(4), Reliance Industries Ltd., Room No. 481(2), 4Th Floor, 3Rd Floor, Maker Chamber Iv Aayakar Bhavan, N.M. Road, Vs. Nariman Point, New Marine Lines, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent

143(3) r.w.s. 144C of the Act was completed on 25.03.2019, wherein the total income was assessed at Rs.16797,17,09,934/- under normal provisions of the Act and book profit at Rs.37412,87,67,520/- u/s 115JB of the Act. Along with the assessment order, the Assessing Officer initiated penalty u/s 271(1)(c) of the Act in respect

DEEPAK NOVOCHEM TECHNOLOGIES LTD,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-8(1), MUMBAI

In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are In the result, the appeals filed by the assessee are allowed partly for statistical purposes

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Ita Nos. 2558 To 2562/Mum/2023 Assessment Years: 2014-15 To 2018-19 Deepak Novochem The Acit, Cc-8(1), Technologies Ltd., Aayakar Bhavan, Room No. Vs. 515, 5Th Floor, Citi Point, Boat 656, 6Th Floor, M.K. Road, Club Road, Pune City, Mumbai-400020. Pune-411 001. Pan No. Aaccd 5796 K Appellant Respondent Assessee By : Mr. H.P. Mahajani Revenue By : Mrs. Sanyogita Nagpal, Cit-Dr : Date Of Hearing 16/11/2023 Date Of Pronouncement : 28/11/2023

2,79,380 not considered for the purposes of granting weighted deduction under section 35(2AB) of the Act, without granting weighted deduction under section 35(2AB) of the Act, without granting weighted deduction under section 35(2AB) of the Act, without appreciating that the said expenditure has not lost its character either appreciating that the said expenditure