SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

10,14,122 is bad in law and ought to be deleted.\n7. Disallowance under section 40A(3) of Rs 1,39,81,267\n7.1. The CIT(A) erred in sustaining the disallowance made by the Assessing\nOfficer under section 40A(3) aggregating Rs 1,39,81,267 being the rent\nexpenses incurred during the year under reference

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

10,14,122 is bad in law and ought to be deleted.\n7. Disallowance under section 40A(3) of Rs 1,39,81,267\n7.1. The CIT(A) erred in sustaining the disallowance made by the Assessing\nOfficer under section 40A(3) aggregating Rs 1,39,81,267 being the rent\nexpenses incurred during the year under reference

INCOME TAX OFFICER, MUMBAI vs. PRITI NILESH JAIN DAGA, MUMBAI

In the result the appeal filed by the assessee stands allowed and appeal filed by the revenue stands dismissed

Bench: Shri Sandeep Gosain, () & Shri Prabhash Shankar, ()

10(38) - Assessing Officer rejected assessee's plea and made additions under sections 68 and 69 by relying on statements from 'entry operators' - On appeal, Commissioner (Appeals) accepted assessee's claim, noting that shares were purchased via Account Payee Cheques, held in a Demat Account for over 12 months, and sold through a recognized stock exchange after payment

PRITI NILESH JAIN DAGA ,MUMBAI vs. INCOME TAX OFFICER 19(2)(4), MUMBAI

In the result the appeal filed by the assessee stands allowed and appeal filed by the revenue stands dismissed

Bench: Shri Sandeep Gosain, () & Shri Prabhash Shankar, ()

10(38) - Assessing Officer rejected assessee's plea and made additions under sections 68 and 69 by relying on statements from 'entry operators' - On appeal, Commissioner (Appeals) accepted assessee's claim, noting that shares were purchased via Account Payee Cheques, held in a Demat Account for over 12 months, and sold through a recognized stock exchange after payment

M/S JR FIBER GLASS INDUSTRIES PVT LTD,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE, MUMBAI

In the result, the appeal of the assessee is allowed

10]\".\nIt was pleaded that the aforesaid provisions cannot be made\napplicable for the year under appeal. Accordingly, it was argued that\nthe issuance of shares of premium cannot be brought to tax under\nany section of the Income Tax Act up to assessment year 2012-13.\nWe find that the reliance placed

ADITYA BIRLA PRIVATE EQUITY TRUST ,MUMBAI vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI (INCOME TAX OFFICER 20(1)(1), MUMBAI), MUMBAI

In the result, appeal filed by the assessee is allowed

68,97,076\n8,23,05,575\n37,84,72,668\n47,76,75,319\nExempt u/s\n10(35)\n10(34)\n10(23FB)\n4. The case of the assessee was selected under complete scrutiny\nthrough CASS and assessment was completed by the Assessing Officer\nunder section 143(3) on 30.12.2018 after due enquiry and accepting\nthe returned income

.DCIT., CIR.-4(2),MUMBAI vs. M.M. POONJIAJI SPICES LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

ACIT CIR 4(2), MUMBAI vs. M .M. POONJIAJI SPICES LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

INCOME TAX OFFICER 4(2)(4), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

ITO - 4(2)(4), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

ITO - 4(2)(2), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

I.T.O-4(2)(4), MUMBAI vs. M/S M.M.POONJIAJI SPICES LTD, MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

ITO - 4(2)(4), MUMBAI vs. M/S. M.M. POONJIAJI SPICES LTD., MUMBAI

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

68. The first ground of appeal is with respect to the deletion of the disallowance of deduction under section 10 B of ₹ 3

OBEROI FOUNDATION,MUMBAI vs. CIT (E), MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bleoberoi Foundation V. Cit (Exemptions) Commerz, 3Rd Floor 6Th Floor, Piramal Chambers International Business Park Lalbaug, Mumbai – 400 012 Oberoi Garden City, Off. W.E. Highway Goregaon (E), Mumbai - 400063 Pan: Aaato1684L (Appellant) (Respondent) Assessee Represented By : Shri Vijay Mehta Department Represented By : Shri K.C. Salvamani

68 to 69C would be applicable in addition to the computation of income under these sections. We, therefore, reject the argument of learned Departmental Representative that addition under section 69 for excess 15 Oberoi Foundation investment has to be independently carried out notwithstanding exemption of income under sections 11 to 13. 21. Now, we come

LATE SHRI MOHAN RAJ CHHAJED (THROUGH LEGAL JEOR SHANTILAL CHHAJED),MUMBAI vs. ITO,WARD-2, PALI

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

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2012-13 Late Shri Mohan Raj Chhajed Income Tax Officer, Ward-2, (Through Legal Heir Shantilal Pali Rajasthan-306-401. Chhajed), Vs. 601, Shilpa Apartments, C.D. Barfiwala Marg, Juhu Lane, Andheri (W), Mumbai-400058. Pan No. Aaipc 6614 N Appellant Respondent

section 145(3) of the Act, rejected books of accounts of the , rejected books of accounts of the assessee and applied gross assessee and applied gross profit at the rate of 22.19% ( profit at the rate of 22.19% (the rate which was declared in the immediately preceding asse was declared in the immediately preceding asse was declared

VODAFONE INDIA LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7(3), MUMBAI

In the result, the appeal of the assessee is allowed

68 of the Act of INR 7,959,683,862 be deleted. Ground No. 3 - Re-raising of demand which was raised in the original order passed u/s 143(3) of the Act 2 Vodafone India Limited vs DCIT, Circle 8(3), Mumbai 3.1 On the facts and circumstances of the case and in law, the learned

AAKASH NIDHI BUILDERS AND DEVELOPERS,MUMBAI vs. ITO25(2)(1), MUMBAI

68,072 and claimed the entire profit as a deduction\nunder section 80-IB(10) of the Act. Accordingly, the assessee filed its return\nof income, declaring an income of Rs. Nil. Subsequently, on the basis of the\nassessment conducted for the assessment year 2007-08, wherein similar\ndeduction claimed under section 80-IB(10

INCOME TAX OFFICER-34(1)(1), MUMBAI, MUMBAI vs. AAKASH NIDHI BUILDERS AND DEVELOPERS, VILLE PARLE EAST MUMBAI

68,072 and claimed the entire profit as a deduction\nunder section 80-IB(10) of the Act. Accordingly, the assessee filed its return\nof income, declaring an income of Rs. Nil. Subsequently, on the basis of the\nassessment conducted for the assessment year 2007-08, wherein similar\ndeduction claimed under section 80-IB(10