DCIT - 19(1), MUMBAI, PIRAMAL CHAMBERS, MUMBAI vs. DISHANT DEEPAK SHAH, MUMBAI

In the result, appeal of the revenue is dismissed

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2016-17

reassessment, in support of the exemption of During the in support of the exemption of Rs. 2,40,42,944/ 2,40,42,944/- claimed

M/S BUSINESS MATCH SERVICES (INDIA) PRIVATE LIMITED,MUMBAI vs. ACIT CIRCLE 12(1)(2) , MUMBAI

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

Bench: Shri B R Baskaran, Am & Ms. Kavitha Rajagopal, Jm M/S. Business Match Services (India) Acit, Circle 12(1)(2) Private Limited Mumbai 2 Naptune Ii, Smt. Nargis Dutt Road, Vs. Bandra (W), Mumbai-400 050

reassessment proceedings. The actual exempt income earned by the assessee was Rs.7,29,565/- and accordingly, the assessee contended that

DCIT(CC)-8(3) , MUMBAI vs. SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED, MUMBAI

In the result, the cross-objection of the assessee is partly\nallowed, whereas the appeal of the Revenue is dismissed

exempted\nincome. The ld AO in impugned assessment order made\ndisallowance for such interest invoking section 14A read with Rule\n8D(2)(ii) of Rules.\n9.9 Alongwith the disallowance u/s 14A of the Act, in the\nimpugned reassessment

BRICS GILT FINANCE P.LTD,MUMBAI vs. DCIT 1(2), MUMBAI

In the result appeal filed by the assessee is hereby Allowed for statistical purpose

Bench: Shri G.S.Pannu, Am & Shri Amarjit Singh, Jm आयकरअपीलसं/I.T.A. No.1157/Mum/2014 (िनधा"रणवष" / Assessment Year: 2010-11) Brics Gilt Finance Private बनाम/ Deputy Commissioner Of Ltd. Income Tax 1(2) Vs. 4Th Floor, Sadhna House, Room No.537, 570 P.B.Marg, Aayakar Bhavan, M.K.Road, Behind Mahindra Towers, New Marine Lines, Worli, Mumbai - 400020 Mumbai – 400018 "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aaacj8885B (अपीलाथ"/Appellant) .. (""थ" /Respondent)

reassess the expenditure to earn the exempt income in view of the above said observation and in accordance with law. Accordingly

ICICI BANK LIMITED,MUMBAI vs. THE DY. COMMISSIONER OF INCOME-TAX 2(3)(1), MUMBAI

In the result both appeals of the assessee and revenue are dismissed

Bench: Shri Amit Shukla & Shri Amarjit Singhdcit Cir 3(1) Vs. Icici Bank Ltd. Room No. 607, 6 Th Floor, Icici Towers, Bkc, Aayakar Bhavan, Bandra(E) Mumbai-400020 Mumbai-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaact1398K Appellant .. Respondent Icici Bank Ltd. Vs. Dcit Cir. 2(3)(1) Icici Towers, North East Room No. 552, 5Th Floor, Wing, Ground Floor, Aayakar Bhavan, M.K. Bkc, Bandra(E) Road, Mumbai-400020 Mumbai-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaact1398K Appellant .. Respondent Appellant By : Ms. Aarti Visanji, Ar Respondent By : Shri. K.C. Selvamani, Dr Date Of Hearing 01.06.2023 Date Of Pronouncement .06.2023 आदेश / O R D E R Per Amarjit Singh (Am)

exempt income of ₹112.17 crore. However, in the reassessment proceedings the AO has further disallowed ₹374.50 core [₹486.67 crore - ₹112.17crore

THE DCIT CIR 3(1), MUMBAI vs. M/S. ICICI BANK LTD, MUMBAI

In the result both appeals of the assessee and revenue are dismissed

Bench: Shri Amit Shukla & Shri Amarjit Singhdcit Cir 3(1) Vs. Icici Bank Ltd. Room No. 607, 6 Th Floor, Icici Towers, Bkc, Aayakar Bhavan, Bandra(E) Mumbai-400020 Mumbai-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaact1398K Appellant .. Respondent Icici Bank Ltd. Vs. Dcit Cir. 2(3)(1) Icici Towers, North East Room No. 552, 5Th Floor, Wing, Ground Floor, Aayakar Bhavan, M.K. Bkc, Bandra(E) Road, Mumbai-400020 Mumbai-400051 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaact1398K Appellant .. Respondent Appellant By : Ms. Aarti Visanji, Ar Respondent By : Shri. K.C. Selvamani, Dr Date Of Hearing 01.06.2023 Date Of Pronouncement .06.2023 आदेश / O R D E R Per Amarjit Singh (Am)

exempt income of ₹112.17 crore. However, in the reassessment proceedings the AO has further disallowed ₹374.50 core [₹486.67 crore - ₹112.17crore

MAHARASHTRA NURSING COUNCIL,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION) -2(1), MUMBAI

In the result, all the appeals filed by the assessee are allowed

Bench: Ms. Kavitha Rajagopal, Jm & Shri Gagan Goyal, Am

reassessment was issued prior to the registration and the ld. DR further stated that the assessee has not satisfied the condition for grant of exemptions

MAHARASHTRA NURSING COUNCIL,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI

In the result, all the appeals filed by the assessee are allowed

Bench: Ms. Kavitha Rajagopal, Jm & Shri Gagan Goyal, Am

reassessment was issued prior to the registration and the ld. DR further stated that the assessee has not satisfied the condition for grant of exemptions

MAHARASTRA NURSING COUNCIL,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI

In the result, all the appeals filed by the assessee are allowed

Bench: Ms. Kavitha Rajagopal, Jm & Shri Gagan Goyal, Am

reassessment was issued prior to the registration and the ld. DR further stated that the assessee has not satisfied the condition for grant of exemptions

MAHARASHTRA NURSING COUNCIL,MUMBAI vs. DEPTY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI

In the result, all the appeals filed by the assessee are allowed

Bench: Ms. Kavitha Rajagopal, Jm & Shri Gagan Goyal, Am

reassessment was issued prior to the registration and the ld. DR further stated that the assessee has not satisfied the condition for grant of exemptions

MAHARASHTRA NURSING COUNCIL,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI

In the result, all the appeals filed by the assessee are allowed

Bench: Ms. Kavitha Rajagopal, Jm & Shri Gagan Goyal, Am

reassessment was issued prior to the registration and the ld. DR further stated that the assessee has not satisfied the condition for grant of exemptions

DCIT CC 3(4), MUMBAI vs. WELSPUN SYNTEX LTD, MUMBAI

In the result, both the appeals filed by the revenue are hereby ordered to be Allowed

Bench: Shri Rajendra, Am & Shri Amarjit Singh, Jm आयकरअपीलसं/I.T.A. No.2145/Mum/2015& 2144/Mum/2015 (िनधा"रणवष" / Assessment Year: 2006-07 & 2007-08) Dcit Cc 3(4) बनाम/ M/S. Welspun Syntex Ltd. Room No.401, 4Th Floor, Welspun House, 9Th Floor, Vs. Aayakar Bhavan, M.K.Road, Trade World, B-Wing, Mumbai - 400020 Kamala Mills Compound, S.B.Marg, Lower Parel (W) Mumbai - 400013 "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aaacw0489L (अपीलाथ"/Appellant) .. (""थ" /Respondent)

reassess the expenditure incurred to earn the exempt income strictly in accordance with directions contained in the order dated 15.02.2012 in accordance

DCIT CC 3(4) CEN RG 3, MUMBAI vs. WELSPUN SYNTEX LTD, MUMBAI

In the result, both the appeals filed by the revenue are hereby ordered to be Allowed

Bench: Shri Rajendra, Am & Shri Amarjit Singh, Jm आयकरअपीलसं/I.T.A. No.2145/Mum/2015& 2144/Mum/2015 (िनधा"रणवष" / Assessment Year: 2006-07 & 2007-08) Dcit Cc 3(4) बनाम/ M/S. Welspun Syntex Ltd. Room No.401, 4Th Floor, Welspun House, 9Th Floor, Vs. Aayakar Bhavan, M.K.Road, Trade World, B-Wing, Mumbai - 400020 Kamala Mills Compound, S.B.Marg, Lower Parel (W) Mumbai - 400013 "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aaacw0489L (अपीलाथ"/Appellant) .. (""थ" /Respondent)

reassess the expenditure incurred to earn the exempt income strictly in accordance with directions contained in the order dated 15.02.2012 in accordance

MAHESH UDYOGA P.LTD,MUMBAI vs. ITO 2(2)(3), MUMBAI

In the result the appeal filed by the assessee is hereby Allowed for statistical purpose

Bench: Shri D. Karunakara Rao, Am & Shri Amarjit Singh, Jm आयकरअपीलसं/I.T.A. No.1094/Mum/2012 (िनधा"रणवष" / Assessment Year: 2008-09) Mahesh Udyoga P. Ltd. बनाम/ I.T.O. 2(2)(3) Jash Chambers, 5Th Floor, Aayakar Bhavan, M.K.Road, Vs. Sir P. M. Road, Fort, Mumbai Mumbai - 400001 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaacm7662H (अपीलाथ"/Appellant) .. (""थ" /Respondent)

reassess the expenditure incurred to earn the exempt income in view of the above mentioned law and by giving an opportunity

MADHUKAR C. SHETH,MUMBAI vs. ACIT 12(1), MUMBAI

In the result appeal filed by the assessee is hereby Allowed for statistical purpose

Bench: Shri G.S.Pannu, Am & Shri Amarjit Singh, Jm आयकरअपीलसं/I.T.A. No.6202/Mum/2012 (िनधा"रणवष" / Assessment Year: 2008-09) Shri Madhukar C. Sheth बनाम/ Acit 12(1) 603, Elizabeth Appts., Mumbai Vs. Bsm Road, Elphinston (W) Mumbai - 400013 "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Anxps1972P (अपीलाथ"/Appellant) .. (""थ" /Respondent)

reassess the expenditure incurred to earn the exempt income, after due consideration of the submission of the assessee and by giving

SANMAN TRADE IMPEX LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAXCENTRAL CIRCLE-4(4), MUMBAI, MUMBAI

reassessment\nproceedings, the Assessing Officer made addition of\nRs.16,16,00,000/- for disallowance of amortization expenses in\nrespect of goodwill while computing total income under regular\nprovisions of the Act, disallowance of exemption

JAMNADAS VIRJI SHARES AND STOCK BROKERS PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 4(3)(1), MUMBAI

exempt under section 10(34) was also\nbrought to tax. Consequential interest was levied and penalty\nproceedings were initiated.\n2.5. Aggrieved by the reassessment

JAMNADAS VIRJI SHARES AND STOCK BROKERS PRIVATE LIMITED ,MUMBAI vs. DCIT, 4(3)(1), MUMBAI

exempt under section 10(34) was also\nbrought to tax. Consequential interest was levied and penalty\nproceedings were initiated.\n2.5. Aggrieved by the reassessment