MAHADHAN AGRITECH LIMITED (FORMERLY KNOWN AS SMARTECHEM TECHNOLOGIES LTD ) ,MUMBAI vs. COMMISSIONER OF INCOME TAX (APPEALS)-50, MUMBAI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2015-16 Mahadhan Agritech Ltd. (Formerly Cit(A)-50, Dcit Cen. 8(1), Known As Smartchem Technologies 656, Aayakar Bhavan, Vs. Ltd.), Mumbai-400021. Survey No. 93, Sai Hira, Mundhwa, Pune-411036. Pan No. Aacca 5046 P Appellant Respondent

reassessment assailed in relation to addition of depreciation of depreciation and provision for doubtful debts and provision for doubtful debts

CHENNAI CONTAINER TERMINAL P. LTD,MUMBAI vs. ACIT 2(1), MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

DCIT 2(1), MUMBAI vs. CHENNAI CONTINER TERMINAL P.LTD, MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

CHENNAI CONTAINER TERMINAL P. LTD,MUMBAI vs. DCIT 2(1), MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

DCIT 2(1), MUMBAI vs. CHENNAI CONTINER TERMINAL P.LTD, MUMBAI

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon’Ble

depreciation for the year. Accordingly, reassess the taxable income of the assessee. Accordingly, we allow the Ground Nos. 2, 3, 4, 6, 7 & 8 raised

DCIT-14.1.1, MUMBAI vs. AMCOR FLEXIBLES INDIA PVT. LTD, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SMT RENU JAUHRI (Accountant Member)

reassessment proceedings as well as on the merits of disallowance of depreciation on goodwill. On validity of reassessment proceedings, it was submitted

CGS-CIMB SECURITIES (INDIA) PRIVATE LIMITED,MUMBAI vs. CIT (APPEALS), NFAC, MUMBAI

In the result, the appeal of the assessee is allowed on the legal ground discussed above

Bench: Shri Baskaran Br, Am & Rahul Chaudhary, Jm आयकरअपीलसं./ I.T.A. No. 2573/Mum/2022 (निर्धारणवर्ा / Assessment Year: 2013-14) Cgs- Cimb Securities Cit (Appeals), Nfac Mumbai, (India) P. Ltd. Mumbai. Commissioner Of Dbs Business Centre, Dbs बिधम/ Income Tax (Appeals), House, Prescott Road, Fort Vs. Nfac Centre, Delhi Mumbai 400001

depreciation resulting in escapement of income.The Ld. AR submitted that the Assessing Officer completed the reassessment by disallowing excess depreciation

RAGHUNANDAN BHOMIA,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-4(1), MUMBAI

In the result, appeal of the assessee is allowed on legal grounds

Bench: SHRI AMIT SHUKLA (Judicial Member), MS. PADMAVATHY S (Accountant Member)

reassessment depreciation was disallowed to assessee without supplying assessee reasons recorded to issue re-opening notice, order of re-assessment

THE ESTATE INVESTMENT COMPANY PRIVATE LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 8(1), MUMBAI

reassessments lack legal sanctity.\n\n56. For completeness, we also record that certain minor computational adjustments made by the CIT(A) in respect of arithmetic reconciliations, while not impugned on merits, stand rendered academic in view of our decision to annul the substantive assessments themselves. Once the foundational assessment is quashed, all ancillary determinations such as depreciation recomputation, interest levies

VIR ALLOYS AND STEEL COMPANY PRIVATE LIMITED,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX CIRCLE 11(3)(2), MUMBAI, MUMBAI

In the result, both appeals of the assessee are allowed for In the result, both appeals of the assessee are allowed for statistical purposes, with directions as aforesaid

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

reassessment as well as the addition. In respect of the depreciation claim, it was held that the assessee respect of the depreciation

VIR ALLOYS AND STEEL COMPANY PRIVATE LIMITED,MUMBAI vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX CIRCLE 11(3)(2), MUMBAI, MUMBAI

In the result, both appeals of the assessee are allowed for In the result, both appeals of the assessee are allowed for statistical purposes, with directions as aforesaid

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

reassessment as well as the addition. In respect of the depreciation claim, it was held that the assessee respect of the depreciation

CHEMOX EXPORTS IMPORTS PVT LTD,MUMBAI vs. INCOME TAX DEPARTMENT, ASSESSMENT UNIT, DELHI

reassess such income or recompute the loss\nor depreciation allowance or any other, allowance or deduction for the Assessment Year

JAYANTILAL RAJMAL SETH,MUMBAI vs. DCIT-CC-4(3), MUMBAI, MUMBAI

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2018-19 Jayantilal Rajmal Seth, Dcit-Cc-4(3), A-3, Saibaba Shopping Centre, Bkc, Mumbai-400051. Mumbai Central, Vs. Mumbai-400008. Pan No. Agepj 0499 E Appellant Respondent

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for depreciation allowance

ALBERT JOSEPH ROZARIO,MUMBAI vs. ITO, INT. TAX, CIRCLE 4(1)(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Vikram Singh Yadav & Shri Rahul Chaudharyassessment Year : 2018-19 Albert Joseph Rozario, Ito, (Int. Tax), Circle-4(1)(1), B-311, 5Th Wing, Room No. 629, 6Th Floor, Inlaks Park, Vs. Kautilya Bhavan, Yari Road, Versova, C-41 To C-43, G Block, Andheri West, Bandra Kurla Complex, Mumbai-400058 Bandra East, Pan : Afvpr6139P Mumbai-400051 (Appellant) (Respondent) For Assessee : Shri Dharan Gandhi For Revenue : Shri Sridhar G. Menon, Sr.Dr Date Of Hearing : 01-05-2025 Date Of Pronouncement : 22-07-2025 O R D E R Per Vikram Singh Yadav, A.M : This Is An Appeal Filed By The Assessee Against The Final Assessment Order Passed By The Assessing Officer U/S 147 R/W 144C(13) Of The Act Dt. 30-12-2024, Consequent To The Directions Given By The Ld. Drp-1, Mumbai-3, U/S 144C(5) Of The Act, Dated 30-11-2024 Pertaining To Assessment Year (Ay.) 2018-19. 2. Briefly The Facts Of The Case Are That Basis Information Available Through The Insight Portal That The Assessee Had Purchased Immoveable Properties Amounting To Rs. 8,31,45,549/- & Has Received Interest

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for such assessment

DCIT-2(1)(1), MUMBAI, MUMBAI vs. BANK OF BARODA , BANK OF BARODA

In the result, both the appeals filed by the Revenue and both the cross objections

Bench: Shri Om Prakash Kant, Am & Ms. Kavitha Rajagopal, Jm

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for such assessment

DCIT-2(1)(1), MUMBAI vs. BANK OF BARODA, MUMBAI

In the result, both the appeals filed by the Revenue and both the cross objections

Bench: Shri Om Prakash Kant, Am & Ms. Kavitha Rajagopal, Jm

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for such assessment

SHIVALIK VENTURES PRIVATE LIMITED,MUMBAI vs. DCIT CC 8(1) , MUMBAI, MUMBAI

reassess such income or recompute\nthe loss or the depreciation allowance or any other allowance or deduction for\nsuch assessment

SHIVALIK VENTURES PRIVATE LIMITED,MUMBAI vs. ACIT CC 8(1), MUMBAI, MUMBAI

Accordingly we direct the AO to delete the disallowance made under section\n36(1)(va) of the Act for AY 2019-20 & 2020-21 also.\n15. In result, the appeals of the assessee for AY 2018-19 to AY 2020...

reassess such income or recompute\nthe loss or the depreciation allowance or any other allowance or deduction for\nsuch assessment

SHIVALIK VENTURES PRIVATE LIMITED,MUMBAI vs. ACIT CC 8(1), MUMBAI, MUMBAI

Bench: Ms Padmavathy S, Am & Shri Sandeep Singh Karhail, Jm

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for such assessment