JT.COMMISSIONER OF INCOME TAX (OSD) - CENTRAL CIRCLE 2(4), MUMBAI vs. M/S KEYSTONE REALTORS PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed and the Cross Objection of the assessee is allowed

Bench: Shri Aby T Varkey () & Shri Amarjit Singh ()

u/s 80IB(10) in respect of eligible units comprising of 2 BHK units whose area is less than 1000 sq ft even after including the area of balconies. The quantum of deduction allowable on prorata basis as per appellant's computation is Rs 12,08,36,323/- The assessing officer is directed to allow the deduction after verifying the computation

DCIT CEN CIR 10, MUMBAI vs. KEYSTONE REALTORS P.LTD, MUMBAI

In the result, appeal of the Revenue is dismissed and the Cross Objection of the assessee is allowed

Bench: Shri Aby T Varkey () & Shri Amarjit Singh ()

u/s 80IB(10) in respect of eligible units comprising of 2 BHK units whose area is less than 1000 sq ft even after including the area of balconies. The quantum of deduction allowable on prorata basis as per appellant's computation is Rs 12,08,36,323/- The assessing officer is directed to allow the deduction after verifying the computation

DCIT CENTRAL-CIRCLE-2(4), MUMBAI vs. KEYSTONE REALTORS PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed and the Cross Objection of the assessee is allowed

Bench: Shri Aby T Varkey () & Shri Amarjit Singh ()

u/s 80IB(10) in respect of eligible units comprising of 2 BHK units whose area is less than 1000 sq ft even after including the area of balconies. The quantum of deduction allowable on prorata basis as per appellant's computation is Rs 12,08,36,323/- The assessing officer is directed to allow the deduction after verifying the computation

KEYSTONE REALTORS PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - CENTRAL CIRCLE 2(4), MUMBAI

In the result, appeal of the Revenue is dismissed and the Cross Objection of the assessee is allowed

Bench: Shri Aby T Varkey () & Shri Amarjit Singh ()

u/s 80IB(10) in respect of eligible units comprising of 2 BHK units whose area is less than 1000 sq ft even after including the area of balconies. The quantum of deduction allowable on prorata basis as per appellant's computation is Rs 12,08,36,323/- The assessing officer is directed to allow the deduction after verifying the computation

MUMBRA SHIKSHAN PRASARAK MANDAL,THANE vs. ITO (EXEMPTIONS) - THANE, DY. CIT (CENTRAL CIRCLE) - 1, THANE, THANE

In the result, all the above appeals of the assessee are partly allowed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

penalty proceedings under Section 271(1)(c) of the Income tax Act. 3. Brief facts of the case are that the assessee is a Trust engaged in running various educational institutions. The Assessing Officer found that the assessee did not file any return of income since AY 2012-13. A survey u/s 133A of the Act was conducted

MUMBRA SHIKSHAN PRASARAK MANDAL,THANE vs. ITO (EXEMPTION) THANE, DY. CIT (CENTRAL CIRCLE) - 1 THANE, THANE

In the result, all the above appeals of the assessee are partly allowed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

penalty proceedings under Section 271(1)(c) of the Income tax Act. 3. Brief facts of the case are that the assessee is a Trust engaged in running various educational institutions. The Assessing Officer found that the assessee did not file any return of income since AY 2012-13. A survey u/s 133A of the Act was conducted

MUMBRA SHIKSHAN PRASARAK MANDAL,THANE vs. ITO (EXEMPTIONS), THANE, DY. CIT (CENTRAL CIRCLE) - 1, THANE, THANE

In the result, all the above appeals of the assessee are partly allowed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

penalty proceedings under Section 271(1)(c) of the Income tax Act. 3. Brief facts of the case are that the assessee is a Trust engaged in running various educational institutions. The Assessing Officer found that the assessee did not file any return of income since AY 2012-13. A survey u/s 133A of the Act was conducted

MUMBRA SHIKSHAN PRASARAK MANDAL,THANE vs. ITO (EXEMPTIONS) - THANE, DY. CIT (CENTRAL CIRCLE) - 1, THANE, THANE

In the result, all the above appeals of the assessee are partly allowed

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

penalty proceedings under Section 271(1)(c) of the Income tax Act. 3. Brief facts of the case are that the assessee is a Trust engaged in running various educational institutions. The Assessing Officer found that the assessee did not file any return of income since AY 2012-13. A survey u/s 133A of the Act was conducted

M/S LIFE INSURANCE CORPORATION OF INDIA,MUMBAI-400021 vs. DY COMMISSIONER OF INCOME TAX-3(2)(1), MUMBAI

Appeal is disposed off as being partly allowed

80G of the Act. In view of the aforesaid Ground No. 4 raised by the Assessee is dismissed. 32. Ground No. 5 On the basis of facts and circumstances of the case, the Learned CIT(A) erred in confirming action of the AO of demanding additional tax of Rs. 207,87,94,053/- @ 15% u/s 115-O and interest thereon

MUMBRA SHIKHSHAN PRASARAK MANDAL,THANE vs. ITO (EXEMPTIONS) - THANE, DY. CIT (CENTRAL CIRCLE) - 1, THANE, THANE

In the result, all the above appeals of the assessee are\npartly allowed

penalty proceedings under Section 271(1)(c) of the Income\ntax Act.\n\n3. Brief facts of the case are that the assessee is a Trust engaged in\nrunning various educational institutions. The Assessing Officer found\nthat the assessee did not file any return of income since AY 2012-13. A\nsurvey u/s 133A of the Act was conducted

MUMBRA SHIKSHAN PRASARAK MANDAL,THANE vs. ITO (EXEMPTION) - THANE, DY. CIT (CENTRAL CIRCLE) - 1, THANE, THANE

In the result, all the above appeals of the assessee are\npartly allowed

penalty proceedings under Section 271(1)(c) of the Income\ntax Act.\n\n3. Brief facts of the case are that the assessee is a Trust engaged in\nrunning various educational institutions. The Assessing Officer found\nthat the assessee did not file any return of income since AY 2012-13. A\nsurvey u/s 133A of the Act was conducted

DCIT, CENTRAL CIRCLE 7(1), MUMBAI vs. DR D Y PATIL EDUCATIONAL ACADEMY, MUMBAI

In the result, the appeal filed by the revenue stands\ndismissed

Penalty proceedings under section\n271(1)(c)\n\nThis ground of appeal is consequential.\n\n5. Re Ground of appeal no 6- General\n\nThis ground of appeal is general.\"CIT\n\n6. After having meticulously gone through the facts of\nthe present case and documents placed on record\nincluding the judgments of the Coordinate Bench, we find\nthat

ESTATE OF VANDRAVAN P SHAH,MUMBAI vs. ASSISTANT COMISSIONER OF INCOME TAX, CIRCLE 19(3), MUMBAI

In the result all the three captioned appeals are dismissed

Bench: Sandeep Gosain () & Shri Om Prakash Kant ()

Penalty proceedings are initiated u/s 271(1)(c) of the I. T. Act for furnishing inaccurate particulars furnishing inaccurate particulars of income.” 4.6 The Assessing Officer passed the order u/s 143(3) r.w.s. 147 of The Assessing Officer passed the order u/s 143(3) r.w.s. 147 of The Assessing Officer passed the order u/s 143(3) r.w.s

ANJALI NEERAJ HARDIKAR,MUMBAI vs. DCIT.CC-6(4) , MUMBAI

In the result, appeal of the assessee is allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI S RIFAUR RAHMAN (Accountant Member)

Section 37(2B) because it belongs to the political party. Thereafter, assessee did not prefer any appeal against the said order. 7. Now, penalty has been levied by the ld. AO for furnishing of inaccurate particulars of disallowance of Rs.10,50,000/- @100% of the tax sought to be evaded i.e. Rs.3

DCIT-13(2)(2), MUMBAI vs. M/S.SHUBHAM MOTIWALA & JEWELLERS PRIVATE LIMITED, MUMBAI

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Sandeep Singh Karhail, Hon'Bledcit – 13(2)(2) V. M/S. Shubham Motiwala & Jewellers Pvt. Ltd., Shop No. 5, Unity Heights, Chincholi Jn, 1St Floor, Room No. 146 Aayakar Bhavan, M.K. Road Sv Road, Malad, Mumbai – 400064 Mumbai - 400020 Pan: Aahcs1597A

80G and 80GGB of Income-tax Act, 1961 (in short “Act”) and the return was processed u/s. 143(1) of the Act. The case was selected for scrutiny and notices u/s. 143(2) and 142(1) were issued and served on the assessee. In response, Authorised Representative attended and filed relevant information as called for. 3. Assessee is engaged

DCIT CIR. 6 (3), MUMBAI vs. M/S. GRASIM INDUSTRIES LTD., MUMBAI

In the result, the appeal by the Revenue is dismissed

Bench: Shri Amarjit Singh & Shri Sandeep Singh Karhail

271,906 firewood, coal, material, etc. Grasim Industries Ltd. ITA no.4337/Mum./2005 ITA no.4337/Mum./2005 9. Hire charges 4,352,755 10. Realised from M/s. Birla Corp. Ltd. 2,594,504 11. Subsidy 5,270,697 12. Terene cloth transit insurance 3,390,023 13. Recovery against new telephone connection 5,000 Recovery against application tender from

M/S. GRASIM INDUSTRIES LTD.,MUMBAI vs. DCIT CIT CIR. 6(3), MUMBAI

In the result, the appeal by the Revenue is dismissed

Bench: Shri Amarjit Singh & Shri Sandeep Singh Karhail

271,906 firewood, coal, material, etc. Grasim Industries Ltd. ITA no.4337/Mum./2005 ITA no.4337/Mum./2005 9. Hire charges 4,352,755 10. Realised from M/s. Birla Corp. Ltd. 2,594,504 11. Subsidy 5,270,697 12. Terene cloth transit insurance 3,390,023 13. Recovery against new telephone connection 5,000 Recovery against application tender from