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2 results for “penalty u/s 271”+ Section 206Cclear

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Chennai25Pune3Nagpur2Raipur2Indore2Mumbai2Surat1Delhi1Jaipur1Rajkot1Bangalore1

Key Topics

Section 143(3)6Section 43B6Section 143(2)2Section 242House Property2Deduction2Depreciation2Disallowance2Addition to Income2

GRASIM INDUSTRIES LTD ( CORPORATE FINANCE DIVISION),MUMBAI vs. ADDL CIT RG 6(3), MUMBAI

ITA 3762/MUM/2009[2006-07]Status: DisposedITAT Mumbai25 Feb 2025AY 2006-07

Bench: the CIT(A). The CIT(A) partly allowed the appeal preferred by the Assessee vide order, dated 18/05/2009. 4. Not being satisfied with the relief granted by the Id. CIT(A), the Assessee has preferred appeal before this Tribunal. The Revenue has also filed cross-appeal challenging the relief granted by the Id. CIT(A).

For Appellant: Shri J. D. Mistry Sr. AdvocateFor Respondent: Shri Kishor Dhule
Section 143(2)Section 143(3)Section 24Section 43B

206C or paid by way of advance tax or treated as paid under section 199, during the financial year immediately preceding the assessment year, such interest shall be calculated at the rate of one-half per cent for every month or part of a month comprised in the period from the 1st day of April of the assessment year

ACIT 6(3), MUMBAI vs. GRASIM INDUSTRIES LTD, MUMBAI

ITA 4385/MUM/2009[2006-07]Status: HeardITAT Mumbai25 Feb 2025AY 2006-07
Section 143(2)Section 143(3)Section 24Section 43B

u/s 143(2) of the Act was\nissued the Assessee on 15/10/2007. The Assessing Officer\ncompleted assessment under Section 143(3) of the Act vide\nAssessment Order, dated 26/12/2008, assessing the total income of\nthe Assessee at INR.11,06,04,76,832/- after making certain\nadditions and disallowances.\n3.\nBeing aggrieved, the Assessee preferred appeal before the CIT(A).\nThe