ITO-26(2)(1) , MUMBAI vs. SAI PRERANA CO-OP CREDIT SOCIETY LTD, MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

127, 1st floor, G- Ltd., Vs. Block, Kautilya Bhavan, 317, Puran Aasha Bldg, Gr. Fl. Bandra Kurla Complex, NarashiNatha Street, Katha Mumbai-400051. Bazar Masjid Bunder (W), Mumbai-400 009. PAN No. AADTS 5638 M Appellant Respondent Assessee by : Mr. Bharat Kumar, AR Revenue by : Mr. Milind S. Chavan, DR Date of Hearing : 24/03/2023 : Date of pronouncement 27/04/2023 Sai Prerana

INCOME TAX OFFICER-26(2)(1), MUMBAI vs. SAI PRERANA CO-OP CREDIT SOCIETY LTD., MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

127, 1st floor, G- Ltd., Vs. Block, Kautilya Bhavan, 317, Puran Aasha Bldg, Gr. Fl. Bandra Kurla Complex, NarashiNatha Street, Katha Mumbai-400051. Bazar Masjid Bunder (W), Mumbai-400 009. PAN No. AADTS 5638 M Appellant Respondent Assessee by : Mr. Bharat Kumar, AR Revenue by : Mr. Milind S. Chavan, DR Date of Hearing : 24/03/2023 : Date of pronouncement 27/04/2023 Sai Prerana

SAI PRERNA CO-OP. CREDIT SOCIETY LTD,MUMBAI vs. ITO WD 17(3) (2) , MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

127, 1st floor, G- Ltd., Vs. Block, Kautilya Bhavan, 317, Puran Aasha Bldg, Gr. Fl. Bandra Kurla Complex, NarashiNatha Street, Katha Mumbai-400051. Bazar Masjid Bunder (W), Mumbai-400 009. PAN No. AADTS 5638 M Appellant Respondent Assessee by : Mr. Bharat Kumar, AR Revenue by : Mr. Milind S. Chavan, DR Date of Hearing : 24/03/2023 : Date of pronouncement 27/04/2023 Sai Prerana

SAI PRERNA CO-OP. CREDIT SOCIETY LTD,MUMBAI vs. ITO WD 17(3) (2) , MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

127, 1st floor, G- Ltd., Vs. Block, Kautilya Bhavan, 317, Puran Aasha Bldg, Gr. Fl. Bandra Kurla Complex, NarashiNatha Street, Katha Mumbai-400051. Bazar Masjid Bunder (W), Mumbai-400 009. PAN No. AADTS 5638 M Appellant Respondent Assessee by : Mr. Bharat Kumar, AR Revenue by : Mr. Milind S. Chavan, DR Date of Hearing : 24/03/2023 : Date of pronouncement 27/04/2023 Sai Prerana

SAI PRERNA CO-OP. CREDIT SOCIETY LTD,MUMBAI vs. ITO WD 17(3) (2) , MUMBAI

In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are In the result, appeals of the assessee and the Revenue are decided as under:

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Ita Nos. 217, 220 & 221, 218 & 219, 215, 214/Mum/2023 Assessment Years: 2013-14, 2016-17, 2017-18, 2018-19, 2020-21 Sai Prerana Co-Op Credit Ito-17(3)(2), Society Ltd., Room No. 126, 1St Floor, Vs. 317, Puran Aasha Bldg, Gr. Fl. Kautilya Bhavan, C-41 To C- Narashi Natha Street, Katha 43, G Block Bandra Kurla Bazar Masjid Bunder (W), Complex, Bandra (East), Mumbai-400 009. Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent

127, 1st floor, G- Ltd., Vs. Block, Kautilya Bhavan, 317, Puran Aasha Bldg, Gr. Fl. Bandra Kurla Complex, NarashiNatha Street, Katha Mumbai-400051. Bazar Masjid Bunder (W), Mumbai-400 009. PAN No. AADTS 5638 M Appellant Respondent Assessee by : Mr. Bharat Kumar, AR Revenue by : Mr. Milind S. Chavan, DR Date of Hearing : 24/03/2023 : Date of pronouncement 27/04/2023 Sai Prerana

HEMENDRA RAMJI VIRA ,MUMBAI vs. DCIT CC-4(1), MUMBAI

In the result, appeals of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

HEMENDRA RAMJI VIRA ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, appeals of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

HEMENDRA RAMJI VIRA ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, appeals of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

HEMENDRA RAMJI VIRA ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, appeals of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

HEMENDRA RAMJI VIRA ,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, appeals of the assessee are allowed

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

HEMENDRA RAMJI VIRA,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, appeals of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

HEMENDRA RAMJI VIRA,MUMBAI vs. DCIT CC 4(1), MUMBAI

In the result, appeals of the assessee are allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

reassessment proceedings. Once the competent authority namely, the PCIT– 27, Mumbai had transferred jurisdiction over the assessee to the DCIT, Central Circle 4(1), Mumbai by a valid and subsisting order under section 127(2

ADDL CIT R G 7(1), MUMBAI vs. NOVARTIS INDIA LTD ( FORMERLY KNOWN AS HINDUSTAN CIBA GIEGY LTD. ), MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Novartis India Limited V. Asst. Commissioner Of Income –Tax - 7(2)(2) {Earlier Addl. Commissioner Of Income –Tax – 7(1)} 6Th& 7Th Floor 1St Floor, Aayakar Bhavan Inspire Bkc M.K. Road, Mumbai - 400020 “G” Block, Bkc Main Road Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Pan: Aaach2914F (Appellant) (Respondent) Addl. Commissioner Of Income –Tax – 7(1) V. M/S. Novartis India Limited Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent) Co No.190/Mum/2011 [Arising Out Of Ita No.6772/Mum/2010 (A.Y. 2002-03)] M/S. Novartis India Limited V. Addl. Commissioner Of Income –Tax – 7(1)} Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent)

section 143(2) proceeding and was treated as such by the assessee preclude it from urging lack of jurisdiction." (emphasis supplied) (3) There is no interplay of section 127 as held in para 8, in the following words- "8. As far as the section 127 goes, we are of the opinion that having regard to the findings rendered, that question

GLOBAL BUSINESS CONEXXTIONS PVT.LTD.,MADHYA PRADESH vs. ACIT/DCIT-5(3), MUMBAI

reassessment proceedings and Ground No. 3 challenges the addition of INR 11,83,73,443/- made under Section 2(22)(e) of the Act on merits. The Ld. Authorised Representative for the Appellant appearing before 7. us submitted that the issue raised in the present appeal stands 4 decided in favour of the Appellant by placing reliance of the following

ARHAM ANMOL PROJECTS PRIVATE LIMITED,VILLAGE VALSHIND, BHIWANDI vs. CIRCLE 1 KALYAN, KALYAN, THANE

In the result, the legal grounds challenging the validity of the assessment are dismissed

Bench: Shri Amit Shukla & Shri Makarand Vasant Mahadeokararham Anmol Projects Dcit Circle 1, Private Limited 2Nd Floor, Rani H. No. 1113, Ground Vs. Mansion, Murbad Floor, Arham Logiparc, Road, Kalyan Nh-3, Nashik Highway, (West), Thane, Village Valshind, Maharashtra – 421 Bhiwandi, Maharashtra – 301 421 302. Pan/Gir No. Aagca9644P (Applicant) (Respondent) Assessee By Shri Subhash Bains, Ld. Ar Revenue By Shri Surendra Mohan, Ld. Dr Date Of Hearing 28.01.2026 Date Of Pronouncement 26.03.2026

reassessment framework contemplates a two-stage process, namely, the initial inquiry and formation of opinion under section 148A by the Jurisdictional Assessing Officer and the actual assessment by the faceless unit. Section 144B does not provide an exclusive machinery for pre- issuance stages of notice under section 148, and therefore the Jurisdictional Assessing Officer retains authority to issue such notices

NIRMAN REALTORS AND DEVELOPERS LIMITED ,MUMBAI vs. CIRCLE 2(3)(1), MUMBAI

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

127 of the Act, without there being valid issuance\nof notice u/s 143(2) of the Act and therefore the said order is bad\nin law as held by the Hon'ble Supreme Court in CIT V Hotel Blue\nMoon (2010) 321 ITR 362 (S.C) wherein the Hon'ble Supreme Court\nhas held that issue of a legally valid notice

NUCLEAR POWER CORPORATION OF INDIA LTD.,MUMBAI vs. ACIT(OSD) RANGE 3(2), MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 1998-99 & Assessment Year: 1999-2000 & Assessment Year: 2000-01 & Assessment Year: 2001-02 & Assessment Year: 2002-03 & Assessment Year: 2003-04 & Assessment Year: 2004-05 & Assessment Year: 2005-06 Nuclear Power Corporation Of Acit, Range-3(2), India Ltd., Aayakar Bhavan, M.K. Road, Vikram Sarabhai Bhavan, Vs. Mumbai-400021. Central Avenue, Anushakti Nagar, Mumbai-400094. Pan No. Aaacn 3154 F Appellant Respondent

section 127 of the Act. The Appellant submits that both the aforesaid The Appellant submits that both the aforesaid The Appellant submits that both the aforesaid grounds dealing with jurisdiction goes to the root of grounds dealing with jurisdiction goes to the root of grounds dealing with jurisdiction goes to the root of M/s Nuclear Power Corporation of India

NUCLEAR POWER CORPORATION OF INDIA LTD.,MUMBAI vs. ADDL.COMMR.OF INCOME TAX, SPL. RG.32, MUMBAI

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 1998-99 & Assessment Year: 1999-2000 & Assessment Year: 2000-01 & Assessment Year: 2001-02 & Assessment Year: 2002-03 & Assessment Year: 2003-04 & Assessment Year: 2004-05 & Assessment Year: 2005-06 Nuclear Power Corporation Of Acit, Range-3(2), India Ltd., Aayakar Bhavan, M.K. Road, Vikram Sarabhai Bhavan, Vs. Mumbai-400021. Central Avenue, Anushakti Nagar, Mumbai-400094. Pan No. Aaacn 3154 F Appellant Respondent

section 127 of the Act. The Appellant submits that both the aforesaid The Appellant submits that both the aforesaid The Appellant submits that both the aforesaid grounds dealing with jurisdiction goes to the root of grounds dealing with jurisdiction goes to the root of grounds dealing with jurisdiction goes to the root of M/s Nuclear Power Corporation of India