ACIT 2(1), MUMBAI vs. TATA MOTORS LTD, MUMBAI
In the result, both appeals of the assessee as well as Revenue are allowed for the statistical purposes in the light of directions contained hereinabove
ITA 4824/MUM/2011[2003-04]Status: DisposedITAT Mumbai03 May 2019AY 2003-04
Bench: Shri M.Balaganesh, Am & Shri Amarjit Singh, Jm M/S Tata Motors Vs. Acit, Cir-2(1), Mumbai-20 Limited(Formerly Known As Tata Engineering & Locomotive Company Ltd), Bombay House, 24, Homi Mody Street, Hutatma Chowk, Mumbai-400001 Pan/Gir No.Aaact 2727 Q (Appellant) .. (Respondent) & Acit, 2(1), Mumbai-20 Vs. M/S Tata Motors Limited(Formerly Known As Tata Engineering & Locomotive Company Ltd), Bombay House, 24, Homi Mody Street, Hutatma Chowk, Mumbai- 400001 Pan/Gir No.Aaact 2727 Q (Appellant) .. (Respondent) Assessee By Shri J.D.Mistri & Nikhil Tiwari, Ar Revenue By Shri R.Manjunatha Swamy, Citdr Date Of Hearing 01/05/2019 Date Of Pronouncement 03/05/2019
For Appellant: i) Adjustment to book profit computation u/s.115JB In respect of provision for d
Section 115JSection 143Section 143(3)Section 147Section 234Section 234B
reassessment under section 147 of the Act without appreciating that the reopening proceedings are invalid and bad in law;
Adjustment to book profit under section 115JB of the Act in respect of Provision for Deferred Tax, Provision for diminution in value of investments and provision for bad and doubtful debts
2a. erred in making addition to book profits under section
