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

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

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. 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

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

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

JAMNADAS VIRJI SHARES AND STOCK BROKERS PVT LTD,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. 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

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-5(4), MUMBAI, MUMBAI vs. SATELLITE DEVELOPERS PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI RANESH NANDAN SAHAY (Accountant Member)

reassessment and held that despite there is no exempt income claimed still assessee is liable for disallowance u/s.14A and after

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

In the result, appeals of the Revenue are dismissed whereas\nappeals of the assessee are partly allowed

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

INCOME TAX OFFICER-28(3)(1), MUMBAI, VASHI vs. SHEKHAR SHIVAJI DESAI, NAVI MUMBAI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri B.R. Baskaran & Shri Raj Kumar Chauhanassessment Year : 2014-15 Income Tax Officer-28(3)(1), Shekhar Shivaji Desai, Room No. 316, 301, C 37 1, Shiv Kurpa Building, Tower No. 6, 3Rd Floor, Vs. Sector-20, Nerul Gaon, Vashi Railway Station, Navi Mumbai. Navi Mumbai. Pan : Ajipd4083F (Appellant) (Respondent)

reassessment order passed u/s.147 r.w.s.144 r.w.s,144B dated 29/03/2022, AO made the addition u/s. 68 r.w.s.H5BBE of Rs.7,76,09,416/- of source of credits in form of Long term capital gain of shares of M/s. ACI Infocom Ltd on rejecting the exemption