ACIT CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

OVERSEAS INFRASTRUCTURE ALLIANCE(INDIA) PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -6 , MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

ACIT, CC-6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMTIED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6(2), MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

ACIT, CC-6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMTIED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6(2), MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

section 43(5) of the Act. 3.8. From the order of the ld. CIT(A), we note his observation and finding on the above stated lines, holding reopening of the assessment is based on change of opinion by the ld. Assessing Officer. Relevant extract is as under: “It is also a fact that the Hon’ble Calcutta High Court

M/S. GLOBAL CRICKET CORPORATION PTE. LTD.,MUMBAI vs. DDIT IT-3(1), MUMBAI

Appeal of the Revenue is dismissed, and cross-objection by the Assessee are disposed off as infructuous

reassessment proceedings were initiated, inter alia, in view of the information/material gathered during the assessment proceedings for the Assessment Year 2002-03 and assessment order dated 31.03.2005 was passed under Section 147 read with Section 143(3) of the Act. 1.2. Appeals preferred by the Assessee for the Assessment Year 2002-03 and 2003-04 were partly allowed

ADIT (IT)-3(1), MUMBAI vs. M/S. GLOBAL CRICKET CORPORATION PTE. LTD., MUMBAI

Appeal of the Revenue is dismissed, and cross-objection by the Assessee are disposed off as infructuous

reassessment proceedings were initiated, inter alia, in view of the information/material gathered during the assessment proceedings for the Assessment Year 2002-03 and assessment order dated 31.03.2005 was passed under Section 147 read with Section 143(3) of the Act. 1.2. Appeals preferred by the Assessee for the Assessment Year 2002-03 and 2003-04 were partly allowed

M/S. GLOBAL CRICKET CORPORATION PTE. LTD.,MUMBAI vs. ADIT (INT. TAXATION) - 3(1), MUMBAI

Appeal of the Revenue is dismissed, and cross-objection by the Assessee are disposed off as infructuous

reassessment proceedings were initiated, inter alia, in view of the information/material gathered during the assessment proceedings for the Assessment Year 2002-03 and assessment order dated 31.03.2005 was passed under Section 147 read with Section 143(3) of the Act. 1.2. Appeals preferred by the Assessee for the Assessment Year 2002-03 and 2003-04 were partly allowed

ESTATE OF VANDRAVAN P SHAH,MUMBAI vs. ASSISTANT COMISSIONER OF INCOME TAX, CIRCLE 19(3), MUMBAI

In the result all the three captioned appeals are dismissed

Bench: Sandeep Gosain () & Shri Om Prakash Kant ()

5), be limited to the extent to which the estate is capable of meeting the liability. which the estate is capable of meeting the liability.” 9.3 On perusal of the provisions above On perusal of the provisions above, we find that the we find that the Section 159 of the Income-tax Act provides a complete code for assessment

LIC HOUSING FINANCE LIMITED,MUMBAI vs. ACIT 2(2)(1), MUMBAI, AAYKAR BHAVAN, MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2017-18

43,883/- and under minimum alternative tax (MAT) provisions of section and under minimum alternative tax (MAT) provisions of section and under minimum alternative tax (MAT) provisions of section 115JB at ₹2,955,93,53,702/ 93,53,702/-. 3.1 Subsequently, pursuant to an audit objection, the Assessing pursuant to an audit objection, the Assessing pursuant to an audit objection

DCIT 5(2), MUMBAI vs. LAHOTI OVERSEAS LTD, MUMBAI

In the result, appeal of the assessee company in ITA

Bench: Shri Amit Shukla & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 3812/Mum/2012 ("नधा"रण वष" / Assessment Year : 2003-04) Dy. Commissioner Of Income M/S Lahoti Overseas Ltd., बनाम/ Tax , 5(2),Room No. 571, 307, Arun Chambers, V. 5 Th Floor, Tardeo Road, Tardeo, Aayakar Bhavan, Mumbai - 400034. M.K. Road, Mumbai – 400 020. "थायी लेखा सं./Pan : Aaacl2578 H .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

reassessments can be framed u/s 147/148 of the Act if no new tangible material has come to the notice of the A.O. as there is no reason to believe based upon the new tangible material coming into the possession of the A.O. which could lead to forming an opinion that an income has escaped assessment, thus, it would warrant that

MANOHAR MANAK ALLOYS P.LTD,MUMBAI vs. ACIT 4(2), MUMBAI

Appeal is allowed

43,39,857/-. 5. Thereafter, notice under Section 263(1) of the Act was issued to the Appellant. The relevant extract of the notice read as under: ―3. From the available records, it is seen that, while conducting enquiry in the subsequent assessment year i.e., AY 2018-19, in response to a specific query raised, with respect to the Interest

VIACOM 18 MEDIA PVT LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX-16(1), MUMBAI

Appeals of the assessee are allowed partly for statistical purposes whereas appeal of the Revenue is dismissed

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

43. RELIEF U/S 89(1) U/S 90 / U/S RELIEF U/S 89(1) U/S 90 / U/S 0 91 44. NET TAX NET TAX 91,18,215 91,18,215 45. INTEREST U/S 234A INTEREST U/S 234A 0 46. DELAY PERIOD DELAY PERIOD 0 47. INTEREST U/S 234B INTEREST U/S 234B 16,44,035 16,44,035 48. INTEREST U/S 234C INTEREST

VIACOM 18 MEDIA PVT LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX-16(1), MUMBAI

Appeals of the assessee are allowed partly for statistical purposes whereas appeal of the Revenue is dismissed

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

43. RELIEF U/S 89(1) U/S 90 / U/S RELIEF U/S 89(1) U/S 90 / U/S 0 91 44. NET TAX NET TAX 91,18,215 91,18,215 45. INTEREST U/S 234A INTEREST U/S 234A 0 46. DELAY PERIOD DELAY PERIOD 0 47. INTEREST U/S 234B INTEREST U/S 234B 16,44,035 16,44,035 48. INTEREST U/S 234C INTEREST

ASSISTANT COMMISSIONER OF INCOMETAX, MUMBAI vs. VIACOM18 MEDIA PVT LTD, MUMBAI

Appeals of the assessee are allowed partly for statistical purposes whereas appeal of the Revenue is dismissed

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

43. RELIEF U/S 89(1) U/S 90 / U/S RELIEF U/S 89(1) U/S 90 / U/S 0 91 44. NET TAX NET TAX 91,18,215 91,18,215 45. INTEREST U/S 234A INTEREST U/S 234A 0 46. DELAY PERIOD DELAY PERIOD 0 47. INTEREST U/S 234B INTEREST U/S 234B 16,44,035 16,44,035 48. INTEREST U/S 234C INTEREST