THE NEW INDIA ASSURANCE CO. LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX , INCOME TAX OFFICER, NFAC, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

Bench: "CLEAN_TEXT": "IN THE INCOME TAX APPELLATE TRIBUNAL\n\"I\" BENCH, MUMBAI\n\nSHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER\nSHRI RAHUL CHAUDHARY (Judicial Member)

8 & 11 of F&U guidelines dated\n28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07\ndated 18th Dec, 2007.\n\nb) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003.\n\nc) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08,\ndated 25-08-2008 and para 30 of F&U guidelines dated\n28/09/2006.\n\nd) Regulation 3 of IRDA (Licensing of Corporate Agent)\nRegulation, 2002 and clause

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

8 & 11 of F&U guidelines dated\n28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07\ndated 18th Dec, 2007.\nb) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003.\nc) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08,\ndated 25-08-2008 and para 30 of F&U guidelines dated\n28/09/2006.\nd) Regulation 3 of IRDA (Licensing of Corporate Agent)\nRegulation, 2002 and clause 21 of IRDA circular\nref.017/IRDA/Circular/CA

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

8 & 11 of F&U guidelines dated\n28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07\ndated 18th Dec, 2007.\nb) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003.\nc) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08,\ndated 25-08-2008 and para 30 of F&U guidelines dated\n28/09/2006.\nd) Regulation 3 of IRDA (Licensing of Corporate Agent)\nRegulation, 2002 and clause 21 of IRDA circular\nref.017/IRDA/Circular/CA

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -3(2)(2), MUMBAI

8 & 11 of F&U guidelines dated\n28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07\ndated 18th Dec, 2007.\n\nb) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003.\n\nc) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08,\ndated 25-08-2008 and para 30 of F&U guidelines dated\n28/09/2006.\n\nd) Regulation 3 of IRDA (Licensing of Corporate Agent)\nRegulation, 2002 and clause

ACIT, CIR-1(2)(1), MUMBAI vs. M/S. CHERYL ADVISORY PVT LTD., MUMBAI

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Om Prakash Kant () & Shri Narender Kumar Choudhry () Assessment Year: 2013-14

8 determination of total income of such other person. After recording determination of total income of such other person. After recording determination of total income of such other person. After recording such satisfaction only, the Assessing officer of third person shall such satisfaction only, the Assessing officer of third person shall such satisfaction only, the Assessing officer of third person

JAIN MACHINE TOOLS ,MUMBAI vs. INCOME TAX OFFICER, WARD 26(1)(7), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh () Assessment Year: 2012-13 Jain Machine Tools, Ito, Ward 26(1)(7), 16, Meghal Industrial Estate, Room 625, 6Th Floor, Kautilya Vs. Devidayal Road, Mulund (West) Bhavan, C-41 To C-43, G Block, Mumbai-400080. Bandra Kurla Complex, Bandra (East), Mumbai-400051. Pan No. Aacfj 6163 H Appellant Respondent

13 , which was already scrutinized under section 143(3) of the Act but notice u/s 148 of the Act has been section 143(3) of the Act but notice u/s 148 of the Act has bee section 143(3) of the Act but notice u/s 148 of the Act has bee issued on 31/03/2019, which is beyond the period

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(2)(2), MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

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

8 & 11 of F&U guidelines dated 28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07 dated 18th Dec, 2007. b) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003. c) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08, dated 25-08-2008 and para 30 of F&U guidelines dated 28/09/2006. d) Regulation 3 of IRDA (Licensing of Corporate Agent) Regulation, 2002 and clause 21 of IRDA circular ref.017/IRDA/Circular/CA

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

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

8 & 11 of F&U guidelines dated 28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07 dated 18th Dec, 2007. b) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003. c) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08, dated 25-08-2008 and para 30 of F&U guidelines dated 28/09/2006. d) Regulation 3 of IRDA (Licensing of Corporate Agent) Regulation, 2002 and clause 21 of IRDA circular ref.017/IRDA/Circular/CA

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

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

8 & 11 of F&U guidelines dated 28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07 dated 18th Dec, 2007. b) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003. c) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08, dated 25-08-2008 and para 30 of F&U guidelines dated 28/09/2006. d) Regulation 3 of IRDA (Licensing of Corporate Agent) Regulation, 2002 and clause 21 of IRDA circular ref.017/IRDA/Circular/CA

THE NEW INDIA ASSURANCE CO LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(2)(2), MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

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

8 & 11 of F&U guidelines dated 28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07 dated 18th Dec, 2007. b) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003. c) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08, dated 25-08-2008 and para 30 of F&U guidelines dated 28/09/2006. d) Regulation 3 of IRDA (Licensing of Corporate Agent) Regulation, 2002 and clause 21 of IRDA circular ref.017/IRDA/Circular/CA

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

Section 147 of the Act. In the aforesaid\nappeal the Assessee has filed Cross-objections (C.O.\nNo.97/Mum/2024).\n\nITA No.2616/Mum/2025 (Assessee’s Appeal)\n\n25. We would take up ITA 2616/Mum/2025 preferred by the\nAssessee which is directed against the Order, dated 20/03/2024,\npassed by the CIT(A) whereby the appeal preferred by the\nAssessee against the Assessment Order, dated

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(2)(2), MUMBAI

8 & 11 of F&U guidelines dated \n28/09/2006 and circular no:048/IRDA/De-tariff/Dec-07 \ndated 18th Dec, 2007. \nb) Circular ref.no.IRDA/CIR/011/2003 dated 27-03-2003. \nc) Commission circular ref.no.011/IRDA/Brok-comm/Aug-08, \ndated 25-08-2008 and para 30 of F&U guidelines dated \n28/09/2006. \nd) Regulation 3 of IRDA (Licensing of Corporate Agent) \nRegulation, 2002 and clause 21 of IRDA circular \nref.017/IRDA/Circular/CA

SAMBHAVANATH INFRABUILD FARMS (SUCCESSOR TO LODHA CONSTRUCTION P. LTD P. LTD.,MUMBAI vs. ASSTT. CIT, CENTRAL CIRCLE-7(3), MUMBAI

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blesambhavnath Infrabuild & Farms Pvt. Ltd., V. Asst. Cit– Central Circle – 7(3) {Successor To Lodha Construction Pvt. Ltd.,} Room No. 655, 6Th Floor 412, 4Th Floor, 17G Vardhaman Chamber Aayakar Bhavan, M.K. Road Cawasji Patel Road, Horniman Circle Mumbai - 400020 Fort, Mumbai - 400001 Pan: Aalcs1394M (Appellant) (Respondent) Assessee By : Shri Anuj Kisnadwala Department By Shri B.K. Bagchi

13 Sambhavnath Infrabuild and Farms Pvt. Ltd., considered opinion that the Assessing Officer, has no jurisdiction to issue notice u/s 148 of the Act to reopen the assessments in respect of those six assessment years immediately preceding the assessment year in which search is conducted or requisition is made. The period under consideration falls within the exclusive domain of section

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

In the result, the appeal of the assessee is partly allowed

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2012-13 Sai Prerana Co-Op Society Ltd., Ito-7(3)(2), 317, Puran Aasha Bldg. Gr. Fl. Room No. 126, 1St Floor, Narashi Natha Street, Katha Vs. Kautilya Bhavan, C-41 To C- Bazar Musjid Bunder (W), 43 Block, Bandra Kurla Mumbai-400 009. Complex, Bandra (East) Mumbai-400051. Pan No. Aadts 5638 M Appellant Respondent Assessee By : Ms. Ruby Srivastava & Mr. Bharat Kumar, Ca Revenue By : Mr. Milind S. Chavan, Dr Date Of Hearing : 27/04/2023 : Date Of Pronouncement 28/04/2023 Order

13 on 08.09.2012 showing income of Rs Nil/-.The case was duly concluded vide order dated .The case was duly concluded vide order dated .The case was duly concluded vide order dated 19.3.2015 at Rs NIL/ 19.3.2015 at Rs NIL/-. Assessee is a co operative credit . Assessee is a co operative credit society. Sai Prerana Co-op Society

MR NILESH BHARANI,MUMBAI vs. DCIT CC 4(1), MUMBAI

Bench: Shri Amit Shukla, Jm & Shri Amarjit Singh, Am आयकरअपीलसं./ I.T.A. No. 612/Mum/2020 (निर्धारणवर्ा / Assessment Year: 2011-12)

u/s 153C of the Act, issues a notice u/s 153C to file a return of income for reassessment, then he makes an assessment / reassessment of such income u/s 153A of the Act. 65. Now, the entire procedure is the same except under different sections having two separate contingencies. In our opinion, the Legislature has not left any discretion

DY.CIT (E) -2(1) , MUMBAI vs. MUMBAI EDUCATIONAL TRUST, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

147 of the Act was taken. 05. It was found during the F.Y. 2009-10 i.e. A.Y. 2010-11 that properties of the assessee were used by the specified persons. It was found that M/s Ideen Furniture Pvt. Ltd had occupied 8th i. floor of the assessee‟s trust building at Bandra Reclamation without any payment. The above

DY.CIT (E) -2(1) , MUMBAI vs. MUMBAI EDUCATIONAL TRUST, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

147 of the Act was taken. 05. It was found during the F.Y. 2009-10 i.e. A.Y. 2010-11 that properties of the assessee were used by the specified persons. It was found that M/s Ideen Furniture Pvt. Ltd had occupied 8th i. floor of the assessee‟s trust building at Bandra Reclamation without any payment. The above

DY.CIT (E) -2(1) , MUMBAI vs. MUMBAI EDUCATIONAL TRUST, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

147 of the Act was taken. 05. It was found during the F.Y. 2009-10 i.e. A.Y. 2010-11 that properties of the assessee were used by the specified persons. It was found that M/s Ideen Furniture Pvt. Ltd had occupied 8th i. floor of the assessee‟s trust building at Bandra Reclamation without any payment. The above