DCIT CEN 5 3, MUMBAI, MUMBAI vs. ICICI LOMBARD GENERAL INSURANCE CO. LIMITED, MUMBAI

In the result, appeals of the Revenue are allowed partly

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

14,67,970/- under section 10(34); and long under section 10(34); and long-term capital gains term capital gains of ₹106,35,11,223/- under section 10(38) of the Act. under section 10(38) of the Act. The Assessing Officer, however, was of Officer, however, was of the view that by virtue of section

DCIT CEN 5 3, MUMBAI, MUMBAI vs. ICICI LOMBARD GENERAL INSURANCE CO. LIMITED, MUMBAI

In the result, appeals of the Revenue are allowed partly

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

14,67,970/- under section 10(34); and long under section 10(34); and long-term capital gains term capital gains of ₹106,35,11,223/- under section 10(38) of the Act. under section 10(38) of the Act. The Assessing Officer, however, was of Officer, however, was of the view that by virtue of section

ACIT 23-1, MUMBAI vs. MILESTONE REAL ESTATE FUND, MUMBAI

Accordingly, Ground No. 6 raised by the Revenue is dismissed

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

reassessment proceedings were initiated under Section 147 of the Act by issuance of notice, dated 14/12/2018, under Section 148 of the Act. In response to the aforesaid notices, Assessee filed return of income on 15/03/2018 declaring total income of INR 10,85,28,560/- and revised its claim of exempt income to INR 136,23,14

ACIT-231, MUMBAI vs. MILESTONE REAL ESTATE FUND, MUMBAI

Accordingly, Ground No. 6 raised by the Revenue is dismissed

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

reassessment proceedings were initiated under Section 147 of the Act by issuance of notice, dated 14/12/2018, under Section 148 of the Act. In response to the aforesaid notices, Assessee filed return of income on 15/03/2018 declaring total income of INR 10,85,28,560/- and revised its claim of exempt income to INR 136,23,14

ACIT, PIRAMAL CHAMBERS vs. MILESTONE REAL ESTATE FUND, MUMBAI

reassessment proceedings were initiated under Section 147 of the Act by issuance of notice, dated 14/12/2018, under Section 148 of the Act. In response to the aforesaid notices, Assessee filed return of income on 15/03/2018 declaring total income of INR 10,85,28,560/- and revised its claim of exempt income to INR 136,23,14

JM FINANCIAL PROPERTY FUND I,MUMBAI vs. INCOME TAX OFFICER, WARD - 25(1)(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

14 August 2019 issued by the Central Board of Direct Taxes and therefore, is invalid, non Taxes and therefore, is invalid, non-est and is liable to be quashed. est and is liable to be quashed. Ground No. 3: Reopening of the assessment is bad in law Ground No. 3: Reopening of the assessment is bad in law Ground

JM FINANCIAL PROPERTY FUND I,MUMBAI vs. INCOME TAX OFFICER, WARD - 25(1)(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

14 August 2019 issued by the Central Board of Direct Taxes and therefore, is invalid, non Taxes and therefore, is invalid, non-est and is liable to be quashed. est and is liable to be quashed. Ground No. 3: Reopening of the assessment is bad in law Ground No. 3: Reopening of the assessment is bad in law Ground

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

WIND WORLD INDIA LIMITEAD,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

DCIT CENTRAL CIRCLE-3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

DCIT CENTRAL CIRCLE 3 (1), MUMBAI vs. WIND WORLD INDIA LIMITED, MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

DCIT - CC 3 (1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

WIND WORLD INDIA LIMITED,MUMBAI vs. DCIT CENTRAL CIRCLE 3 (1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

DCIT - CC 3(1), MUMBAI vs. WIND WORLD INDIA LTD., MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite

WIND WORLD INDIA LTD.,MUMBAI vs. DCIT CENTRAL CIRCLE-3(1), MUMBAI

In the result, appeal filed by the assessee in ITA number

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm

10-11 to 14-15 [learned CIT (A)] for A.Y. 2007-08 dated 26th December, 2018 raising following grounds of appeal:- “1. On the facts and the circumstances of the appellant's case and in law the Ld. CIT(A) erred in confirming the AO's action of passing the assessment order by invoking the provisions of section 144 despite