NA vs. ARI OIL PRODUCTS P. LTD,MUMBAIVS.DCIT CEN CIR 39, MUMBAI
The appeal stand allowed in terms of our above order
ITA 6576/MUM/2012[2007-08]Status: DisposedITAT Mumbai09 Feb 2021AY 2007-08
Bench: Hon’Ble Shri Amarjit Singh, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकरअपील सं./ Ita No. 8665/Mum/2010 (िनधा"रण वष" / Assessment Year: 2004-05) & आयकरअपील सं./ Ita No. 6576/Mum/2012 (िनधा"रण वष" / Assessment Year: 2007-08) & आयकरअपील सं./ Ita No. 8553/Mum/2011 (िनधा"रण वष" / Assessment Year: 2008-09) M/S. Navsari Oil Products Pvt.Ltd. Ito-Cc 7(1)(3) बनाम C/O Vvf Limited, Plot No.109 Aaykar Bhavan / Vs. Sion (East), Mumbai-400 025 Mumbai – 400 020 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaacn-1387-N (अपीलाथ"/Appellant) (""थ" / Respondent) : (अपीलाथ"/Appellant) (""थ" / Respondent) : Assessee By : Shri Madhur Agarwal-Ld.Ar Revenue By : Shri Tharian Oommen-Ld. Dr सुनवाई की तारीख/ : 01/02/2021 Date Of Hearing घोषणा की तारीख / : 09/02/2021 Date Of Pronouncement
For Appellant: Shri Madhur Agarwal-Ld.ARFor Respondent: Shri Tharian Oommen-Ld. DR
Section 143(3)Section 25FSection 57Section 80
section 25F of Industrial Disputes Act and is a deductible expenditure.
Ground No. 3:
(i) The learned CIT(A) grossly erred in confirming the action of the learned
AO to treat the entire lease rentals of Rs.30,33,600/- included under the head
'Income from Business' to be 'Income from Property' of Rs. 27,00,000/- and 'Income from
