THE TATA POWER CO. LTD,MUMBAI vs. ITO RG 2(1)(1), MUMBAI

In the result, the appeal filed by the assessee company in ITA No

Bench: Shri Saktijit Dey & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 3078/Mum/2009 ("नधा"रण वष" / Assessment Year : 2002-03) The Tata Power Co. Ltd, The Asst. Commissioner Of बनाम/ Corporate Center, Block ‘B, Income Tax- Circle V. 5 Th Floor, 2(3),Aayakar Bhavan, 34, Sant Tukaram Road, Maharshi Karve Road, Carnac Bunder, Mumbai – 400 020. Mumbai – 400 009. "थायी लेखा सं./Pan : Aaact0054A (अपीलाथ" /Appellant) .. (""यथ" / Respondent)

68,25,97,659/- was granted u/s 80IA of the Act , which included a deduction of Rs. 20,39,98,805/- u/s 80IA of the Act in respect of Jojobera 67.5 MW power generating unit. The difference between the amount of deduction claimed in respect of Jojobera 67.5 MW power generating undertaking

SAF YEAST COMPANY P.LTD,MUMBAI vs. ASST CIT CEN CIR 40, MUMBAI

In the result the appeal of the assessee for AY 2009-10 is partly allowed

Bench: Shri B.R. Baskaran (Am)& Shri Pawan Singh (Jm)

section which provides for the benefit even in respect of electricity generation plant established by the assessee and the income derived from such enterprise of the assessee, it will have to be held that the assessee fully complied with the requirements prescribed under S. 80-IA in order to avail of the benefits provided therein. Therefore, the contention based

THE DY CIT, CIRCLE-4(1)(2),, AHMEDABAD vs. VODAFONE WEST LIMITED,, AHMEDABAD

In the result, the appeal by the Revenue is partly allowed for statistical\npurposes

80-IA of the Act on other income\nreceived by the assessee.\n56. The brief facts of the case pertaining to this issue, as emanating from\nthe record, are: During the year under consideration, the assessee claimed\ndeduction under section 80IA of the Act in respect of advertisement revenue\nof Rs.3,82,998/-, scrap sale of Rs.44,68

VODAFONE WEST LIMITED,(FORMERLY KNOWN AS VODAFONE ESSAR GUJARAT LIMITED),AHMEDABAD vs. THE DY.CIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, the appeal by the Revenue is partly allowed for statistical\npurposes

80-IA of the Act on other income\nreceived by the assessee.\n56.\nThe brief facts of the case pertaining to this issue, as emanating from\nthe record, are: During the year under consideration, the assessee claimed\ndeduction under section 80IA of the Act in respect of advertisement revenue\nof Rs.3,82,998/-, scrap sale of Rs.44,68

DCIT CEN CIR 40, MUMBAI vs. SAF YEAST CO. P. LTD, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

SAF YEAST COMPANY P.LTD,MUMBAI vs. DCIT CEN CIR 40, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

SAF YEAST COMPANY P.LTD,MUMBAI vs. DCIT CEN CIR 40, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

SAF YEAST COMPANY P.LTD,MUMBAI vs. DCIT CEN CIR 40, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

SAF YEAST COMPANY P.LTD,MUMBAI vs. DCIT CEN CIR 40, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

DCIT CEN CIR 40, MUMBAI vs. SAF YEAST CO. P. LTD, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

DCIT CEN CIR 40, MUMBAI vs. SAF YEAST CO. P. LTD, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are partly allowed

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am

section 80-IA was correct. In the result, the revenue’s appeal was to be dismissed.” 48. In view of the above, it was explained that Section 80IA(8) of the Act provides that in case of captive consumption, the market value of the goods and services should be adopted for the purpose of calculation. The computation

ACIT CIRCLE-22(1), MUMBAI vs. RAHEJA LEGACY TRUST, MUMBAI

In the result, the appeal of the assessee is partly allowed and appeal filed by the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri Amarjit Singhassessment Year: 2018-19

68. In respect of both these, the appellant never received any money in its bank account during the year under appeal and, therefore, they were not representing the credit of money which could have been converted into income of this year on the ground of unsatisfactory explanation by the appellant. A.Y. 2018-19 With respect to the fresh loans

RAHEJA LEGENCY TRUST,MUMBAI vs. ACIT, CIR-22(1), MUMBAI

In the result, the appeal of the assessee is partly allowed and appeal filed by the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri Amarjit Singhassessment Year: 2018-19

68. In respect of both these, the appellant never received any money in its bank account during the year under appeal and, therefore, they were not representing the credit of money which could have been converted into income of this year on the ground of unsatisfactory explanation by the appellant. A.Y. 2018-19 With respect to the fresh loans

ASST CIT 27(2), NAVI MUMBAI vs. MERIT MAGNUM CONSTRUCTION, MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Amit Shukla & Shri Gagan Goyal

68 stipulates that any unexplained sum found credited in the books of the assessee for any previous year, then the same may be taxed as income of the assessee for that previous year. Thus, section 69 of I.T. Act can only be invoked if the transaction has been taken in the relevant previous year for which assessment is being

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

In the result, the appeal by the assessee is partly allowed, while the\nappeal by the Revenue is dismissed

80,03,877/- made by the Assessing Officer\nu/s 68 of the Income tax Act, 1961 on account of sum credited in the books of\naccount as unexplained credit.\n2. On the facts and in circumstances of the case, the Ld.CIT(A) erred in\ndeleting the addition of Rs.479,63,98,048/- made by the Assessing Officer

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

80,03,877/- made by the Assessing Officer\nu/s 68 of the Income tax Act, 1961 on account of sum credited in the books of\naccount as unexplained credit.\n\n2. On the facts and in circumstances of the case, the Ld.CIT(A) erred in\ndeleting the addition of Rs.479,63,98,048/- made by the Assessing Officer

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

68,005 under section 80-IB(10) of the Act.\n19. The brief facts of the case pertaining to this

ITO, MUMBAI vs. AAKASH NIDHI BUILDERS AND DEVELOPERS, VILE PARLE-WEST, MUMBAI

68,005 under section 80-IB(10) of the Act.\n19. The brief facts of the case pertaining to this