ADDL CIT CEN RG IX, MUMBAI vs. UNIPHOS ENTERPRISES LTD ( FORMLERY KNOWN AS UNITED PHOSPHORUS LTD), MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

ASST CIT CC 38, MUMBAI vs. UNIPHOS ENTERPRISES LTD, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

THE ACIT CC-38, MUMBAI vs. M/S. UNITED PHOSPHOROUS LTD, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

UNIPHOS ENTERPRISES LTD ( FORMERLY KNOWN AS UNITED PHOSPHORUS LTD),MUMBAI vs. ADDL CIT CEN RG IX, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

M/S. UNITED PHOSPHORUS LTD(NOW KNOWN AS UNIPHOS ENTERPRISES LTD),MUMBAI vs. THE DCIT CEN CIR-38, MUMBAI

In the result, the appeal of assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

penalty levied u/s 271(1)(c)) ACIT, CC-38, Room no. M/s. United Phosphorous Ltd. 32(1), Ayakar Bhavan, Vs. Uniphos House, Madhu Park, 11th Road, Khar (W), Mumbai. Maharishi Karve Rd., Mumbai-400020. PAN: AAACU 3440 P (Appellant) .. (Respondent) Assessee by Ms. Vasanti Patel Advocate Revenue by Shri. Kiran Unavekar, Sr. DR Date of Hearing 18/03/2025 Date of Pronouncement

UNIPHOS ENTERPRISES LTD,MUMBAI vs. ADDL CIT CEN RG IX, MUMBAI

In the result, the appeal of assessee is allowed

penalty levied u/s 271(1)(c))\nACIT, CC-38, Room no.\nVs.\nM/s. United Phosphorous Ltd.\n32(1), Ayakar Bhavan,\nUniphos House, Madhu Park,\nMaharishi Karve Rd.,\n11th Road, Khar (W), Mumbai.\nMumbai-400020.\nPAN: AAACU 3440 P\n(Appellant)\n(Respondent)\nAssessee by\nMs. Vasanti Patel Advocate\nRevenue by\nShri. Kiran Unavekar, Sr. DR\nDate of Hearing\n18/03/2025\nDate

UNITED PHOSPHORUS LTD ( FORMELRY KNOWN AS SEARCH CHEM INDUSTRIES LTD),MUMBAI vs. DCIT CEN CIR 38, MUMBAI

271(1)(c) of the Act.\n2 On the facts and in the circumstances of the case and in law, the Commissioner\nof Income-tax (Appeals) erred in confirming the action of the Assistant\nCommissioner of Income-tax in levying penalty in respect of excess deduction\nclaimed under section 80HHC due to adjustment made on account of reducing

DCIT CC-38, MUMBAI vs. UNITED PHOSPHORUS LTD ( FORMERLY KNOWN AS SEARCH CHEM INDL.L TD), MUMBAI

271(1)(c) of the Act.\n\n2 On the facts and in the circumstances of the case and in law, the Commissioner\nof Income-tax (Appeals) erred in confirming the action of the Assistant\nCommissioner of Income-tax in levying penalty in respect of excess deduction\nclaimed under section 80HHC due to adjustment made on account of reducing

GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD),MUMBAI vs. ADDL CIT LTU, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

Penalty proceedings u/s. 271(1)(c) Revenue Ground No. Issues 1 to 4 Disallowance u/s 14A of the Act 5 Disallowance u/s 40(a)9ia) on year end provisions 6 Deleting the addition on account of CENVAT Credit ignoring the fact that the addition was made on net-basis and assessee, itself, withdrew its ground before ITAT

ASST CIT (LTU) 1, MUMBAI vs. GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

Penalty proceedings u/s. 271(1)(c) Revenue Ground No. Issues 1 to 4 Disallowance u/s 14A of the Act 5 Disallowance u/s 40(a)9ia) on year end provisions 6 Deleting the addition on account of CENVAT Credit ignoring the fact that the addition was made on net-basis and assessee, itself, withdrew its ground before ITAT

UNITED PHOSPHORUS LTD ( FORMERLY KNOWN AS SEARCH CHEM INDUSTRIES LTD),MUMBAI vs. DCIT CEN CIR 38, MUMBAI

271(1)(c) of the Act.\n\n2 On the facts and in the circumstances of the case and in law, the Commissioner\nof Income-tax (Appeals) erred in confirming the action of the Assistant\nCommissioner of Income-tax in levying penalty in respect of excess deduction\nclaimed under section 80HHC due to adjustment made on account of reducing

DCIT CC-38, MUMBAI vs. UNITED PHOPHOURUS LTD ( FORMERLY KNWON AS SEARCH CHEM INDL. LTD), MUMBAI

271(1)(c) of the Act.\n2 On the facts and in the circumstances of the case and in law, the Commissioner\nof Income-tax (Appeals) erred in confirming the action of the Assistant\nCommissioner of Income-tax in levying penalty in respect of excess deduction\nclaimed under section 80HHC due to adjustment made on account of reducing

UNITED PHOSPHORUS LTD ( FORMERLY KNOWN AS SEARCH CHEM INDUSTRIES LTD),MUMBAI vs. DCIT CEN CIR 38, MUMBAI

271(1)(c) of the Act.\n\n2 On the facts and in the circumstances of the case and in law, the Commissioner\nof Income-tax (Appeals) erred in confirming the action of the Assistant\nCommissioner of Income-tax in levying penalty in respect of excess deduction\nclaimed under section 80HHC due to adjustment made on account of reducing

UNITED PHOSPHORUS LTD,MUMBAI vs. DCIT CEN CIR 38, MUMBAI

iia) (iiib) or (iiic) of the Act. The Ld. CIT(A) dismissed the plea of the assessee and held that DEPB income arises out of the scheme of the Government and not out of the business of the assessee. the assessee in its additional grounds of appeal also raised the plea that deduction under section 80HHC ought to be granted

STRIDES ARCOLAB LTD,NAVI MUMBAI vs. DCIT CIR 15(3)(2), MUMBAI

The appeal of the assessee is allowed

Bench: Amit Shukla () & Ms. Padmavathy S. ()

penalty proceedings under Section 274 read with Section 271(l)(c) of the Act The Appellant craves leave to add, alter and modify the above grounds during the course of the appeal. For the above and any other grounds which may be raised at the time of hearing, it is prayed that necessary relief may be provided.‖ 5.1 The assessee

DCIT CIR 3(1)(1), MUMBAI vs. AIRMID DEVELOPERS LTD, MUMBAI

In the result, the appeal by the Revenue is dismissed

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

271(1)(c) of the Act. Ground No. 8: The above grounds are without prejudice to each other. Further, the Appellant craves leave to add, alter, amend and/or withdraw any of the above grounds of appeal and submit such statements, documents and papers as may be considered necessary either at or before the hearing of this appeal

DCIT CIR 3(1)(1), MUMBAI vs. AIRMID DEVELOPERS LTD, MUMBAI

In the result, the appeal by the Revenue is dismissed

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

271(1)(c) of the Act. Ground No. 8: The above grounds are without prejudice to each other. Further, the Appellant craves leave to add, alter, amend and/or withdraw any of the above grounds of appeal and submit such statements, documents and papers as may be considered necessary either at or before the hearing of this appeal

AIRMID DEVELOPERS LTD,NEW DELHI vs. DCIT CIR 3(1), MUMBAI

In the result, the appeal by the Revenue is dismissed

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

271(1)(c) of the Act. Ground No. 8: The above grounds are without prejudice to each other. Further, the Appellant craves leave to add, alter, amend and/or withdraw any of the above grounds of appeal and submit such statements, documents and papers as may be considered necessary either at or before the hearing of this appeal

AIRMID DEVELOPERS LTD,NEW DELHI vs. DCIT CIR 3(1)(1), MUMBAI

In the result, the appeal by the Revenue is dismissed

Bench: Shri Prashant Maharishi & Shri Sandeep Singh Karhail

271(1)(c) of the Act. Ground No. 8: The above grounds are without prejudice to each other. Further, the Appellant craves leave to add, alter, amend and/or withdraw any of the above grounds of appeal and submit such statements, documents and papers as may be considered necessary either at or before the hearing of this appeal