ASST CIT 19(3), MUMBAI vs. PAHILAJRAI JAIKISHIN, MUMBAI

In the result, the appeal is allowed

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.1562/Mum/2014 ("नधा"रण वष" / Assessment Year: 2010-11)

68,778 Average value of Investment related to Tax free income Opening Investment 5,22,02,950.00 Closing Investment 4,74,88,371.17 4,98,45,660 Average Total Assets in Balance Sheet Opening Total Assets 50,37,32,643 Closing Total Assets 58,77,80,214 54,57,56,428 Interest Expenses 12,66,679 C Deemed Expenses

INCOME TAX OFFICER, INCOME TAX MUMBAI vs. STATE BANK OF INDIA EMPLOYEES M.S. PATEL CO-OP CREDIT SOCIETY LTD, MUMBAI

In the result, appeal of the revenue is dismissed

194A of the Act that also makes the legislative intent clear\nthat the Co-operative Banks are not that specie of genus cooperative\nsociety, which are entitled to claim deduction under the special provisions\nof Chapter VIA in the form of Section 80P of the Act.\n2. \"Whether on the facts and circumstances of the case

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2),, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC- 2(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2), , MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC-2(2),, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

DCIT, CC-2(2),, MUM vs. SHRI NARENDRA S SHAH, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

DCIT, CC-2(2), , MUM vs. SHRI NARENDRA S SHAH, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

SHRI NARENDRA S SHAH ,MUMBAI vs. DCIT, CEN CIR-(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

194A of the IT. Act. 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case 6.4 In this respect the appellant has relied on some case- laws. It has relled on laws. It has relled on the judgement given by Hon'ble the judgement given

SHRI. ASHOK KUMAR V SANGHI,MUMBAI vs. ITO WARD 2 (3)(2), MUMBAI

In the result, appeal by the assessee is partly allowed for statistical purpose

Bench: Shri Om Prakash Kant & Shri Sandeep Singh Karhail

68,764/-under Rule 8D sub-section Z Without appreciating that the Investment made in Mutual funds and shares were old Investment and out of saving funds. 3. The issue arising in grounds No. 1 and 2, raised in assessee‟s appeal, is pertaining to initiation of proceedings under section 147 of the Act. 4. The brief facts

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1),MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

Bench: IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

3 Term Loans 63,90,00,000 69,73,124 64,59,73,124 Grand Total 12247,76,49,739 490,33,93,825 12539,97,35,629 4.1. The Assessing Officer noted that the NCDs, ICDs and Term Loans were purchased from PEL at carrying value comprising of principle value and accrued interest. According to the Assessing Officer

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1), MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

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

3 Term Loans 63,90,00,000 69,73,124 64,59,73,124 Grand Total 12247,76,49,739 490,33,93,825 12539,97,35,629 4.1. The Assessing Officer noted that the NCDs, ICDs and Term Loans were purchased from PEL at carrying value comprising of principle value and accrued interest. According to the Assessing Officer

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1), MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

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

3 Term Loans 63,90,00,000 69,73,124 64,59,73,124 Grand Total 12247,76,49,739 490,33,93,825 12539,97,35,629 4.1. The Assessing Officer noted that the NCDs, ICDs and Term Loans were purchased from PEL at carrying value comprising of principle value and accrued interest. According to the Assessing Officer

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1), MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

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

3 Term Loans 63,90,00,000 69,73,124 64,59,73,124 Grand Total 12247,76,49,739 490,33,93,825 12539,97,35,629 4.1. The Assessing Officer noted that the NCDs, ICDs and Term Loans were purchased from PEL at carrying value comprising of principle value and accrued interest. According to the Assessing Officer

DY. COMMISSIONER OF INCOME TAX, CIR 1(3)(1), INCOME TAX DEPARTMENT vs. SKATE TRADES AND AGENCIES PRIVATE LIMITED , RAICHUR STREET MUMBAI

In the result, the appeal of the assessee is dismissed

Bench: Shri Narendra Kumar Billaiyashri Sandeep Singh Karhaildy. Commissioner Of Income Tax, Circle-1(3)(1), Room No.535, Aayakar Bhawan, M.K. Road, Churchgate ............... Appellant Mumbai - 400020

3) of the Act, notice that the total cash sales during the demonetization period, i.e. 08/11/2016 to 30/12/2016, was Rs. 4,72,26,475, which is substantially high as compared to the cash deposits for the financial year 2015-16 was Rs. 6,22,28,913. Thus, the AO noted that the substantial increase in cash deposits during the demonetization

M/S. SAHYOG HOMES LTD,MUMBAI vs. ACIT -11(1) (2), MUMBAI

In the result, all the appeals are partly allowed

Bench: Shri Kuldip Singh () & Shri Rifaur Rahman (

68 of the Act, commission income and disallowance under section 40(a)(ia) of the act and thereby framed the assessment under section 143(3) r.w.s. 147 of the Act. 4 Sahyog Homes Ltd ITAs 1918, 1919, 1920, 1921 & 1922/M/2021 Assessee carried the matter before the Learned Commissioner of Income- tax (Appeals) by way of filing appeals

M/S. SAHYOG HOMES LTD,MUMBAI vs. DCIT CENT. CIR 6(2), MUMBAI

In the result, all the appeals are partly allowed

Bench: Shri Kuldip Singh () & Shri Rifaur Rahman (

68 of the Act, commission income and disallowance under section 40(a)(ia) of the act and thereby framed the assessment under section 143(3) r.w.s. 147 of the Act. 4 Sahyog Homes Ltd ITAs 1918, 1919, 1920, 1921 & 1922/M/2021 Assessee carried the matter before the Learned Commissioner of Income- tax (Appeals) by way of filing appeals

M/S. SAHYOG HOMES LTD.,MUMBAI vs. DCIT CENT. CIR. 6(2) , MUMBAI

In the result, all the appeals are partly allowed

Bench: Shri Kuldip Singh () & Shri Rifaur Rahman (

68 of the Act, commission income and disallowance under section 40(a)(ia) of the act and thereby framed the assessment under section 143(3) r.w.s. 147 of the Act. 4 Sahyog Homes Ltd ITAs 1918, 1919, 1920, 1921 & 1922/M/2021 Assessee carried the matter before the Learned Commissioner of Income- tax (Appeals) by way of filing appeals