M/S. AMEYA BUILDERS & PROPERTY DEVELOPERS,MUMBAI vs. ASSTT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3, THANE

801B(10) on the income embedded on 'on money' receipt without appreciating the fact that new claim of deduction or allowance cannot be made during reassessment / assessment under section

KOMAL ENTERPRISES,DOMBIVALI vs. ITO, WARD 3(3), KALYAN, KALYAN

In the result, the appeal of the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Makarand Vasant Mahadeokarita No.4421/Mum/2025 (Assessment Year: 2012-13)

section (d) to sec 80IB(10), ignoring the fact that the housing project for which deduction u/s 80IB (10) was claimed by the appellant did not contain any commercial premises and therefore the disallowance on the above ground was not justified. 6. The Hon CIT(A) erred in holding that the appellant was not eligible for deduction u/s 80IB(10

KOMAL ENTERPRISES,DOMBIVALI vs. ITO, WARD 3(3), KALYAN, KALYAN

In the result, the appeal of the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Makarand Vasant Mahadeokarita No.4421/Mum/2025 (Assessment Year: 2012-13)

section (d) to sec 80IB(10), ignoring the fact that the housing project for which deduction u/s 80IB (10) was claimed by the appellant did not contain any commercial premises and therefore the disallowance on the above ground was not justified. 6. The Hon CIT(A) erred in holding that the appellant was not eligible for deduction u/s 80IB(10

SHRI AMIT MANGILAL JAIN,MUMBAI vs. ACIT, - 33(1), MUMBAI

In the result, both the above appeals are allowed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

801B(10) of the Act. Following the decision of Bombay High Court in the cate of CIT vs. Sheth Developers P Ltd (2012) 254 CTR (Bom) 127, the claim of deduction u/s 80 1B(10) of the Act is allowed to the assessee.” 5.1 The satisfaction note prepared on the same document is reproduced in Pg no.12, para

PROCTER & GAMGLE HYGIENE& HEALTHCARE ,LTD,MUMBAI vs. ACIT CIR 7(1), MUMBAI

Appeals are partly allowed

reassessment proceedings under section 147 of the Act is purely academic and calls for no adjudication.‖ 11.6. On perusal of above decision of the Tribunal, we find that identical issues stands decided in favour of the Assessee by the decision of the Hon’ble Bombay High Court in the case of Associated Capsules Pvt. Ltd. Vs. DCIT

ADDL CIT RG 7(1), MUMBAI vs. PROCTOR & GAMBLE HYGIENE & HEALTHCARE LTD, MUMBAI

Appeals are partly allowed

reassessment proceedings under section 147 of the Act is purely academic and calls for no adjudication.‖ 11.6. On perusal of above decision of the Tribunal, we find that identical issues stands decided in favour of the Assessee by the decision of the Hon’ble Bombay High Court in the case of Associated Capsules Pvt. Ltd. Vs. DCIT

ACIT, MUMBAI vs. RELIANCE INDUSTRIES LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed whereas the cross-objection of the assessee is allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2014-15 Acit, Reliance Industries Ltd., Room No. 559, 5Th Floor, 3Rd Floor Maker Chamber Iv, Aayakar Bhavan, New Marine Vs. Nariman Point, S.O. Lines, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent

10, corresponding to Assessment Year 2010–11. The assessee is, therefore on merit eligible for deduction under Section 10AA from Assessment Year 2010–11 onwards. Excess deduction u/s 80IA(9) in respect of KGD6 Block 8. The next issue for consideration pertains to the disallowance made in the reassessment proceedings in relation to an alleged excess deduction claimed under section

M/S. UNITED PHOSPHORUS LTD,MUMBAI vs. THE DY CIT CEN CIR-38, MUMBAI

reassess\nthe Assessee's claim for deduction under Section 80-HHC in light of the\nprinciples laid down by the Hon'ble Apex courtin Shah Originals Vs.\nCommissioner of Income Tax-24, Mumbai24. Specifically, the AO should\nexamine whether the profits for which the Assessee is claiming deduction\nhave a direct and immediate nexus with the business operations

M/S. UNITED PHOSPHORS LTD.,MUMBAI vs. DCIT CEN. CIR. - 38, MUMBAI

reassess\nthe Assessee's claim for deduction under Section 80-HHC in light of the\nprinciples laid down by the Hon'ble Apex courtin Shah Originals Vs.\nCommissioner of Income Tax-24, Mumbai24. Specifically, the AO should\nexamine whether the profits for which the Assessee is claiming deduction\nhave a direct and immediate nexus with the business operations

THE DY CIT CC-38, MUMBAI vs. M/S. UNITED PHOSPHOUROUS LTD., MUMBAI

reassess\nthe Assessee's claim for deduction under Section 80-HHC in light of the\nprinciples laid down by the Hon'ble Apex courtin Shah Originals Vs.\nCommissioner of Income Tax-24, Mumbai24. Specifically, the AO should\nexamine whether the profits for which the Assessee is claiming deduction\nhave a direct and immediate nexus with the business operations