DCIT CIR 1(1), MUMBAI vs. M/S. HOUSING DEVELOPMENT FINANCE CORPN. LTD., MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

80E as also\nin section 80B(7) except with the difference that this clause refers to Sixth\nSchedule in place of Fifth Schedule. It is pertinent to mention that all\nthe three provisions hereinabove are the provisions granting relief\nto the assessees with a view to give incentive to certain types of\nindustries. The Legislature has in its wisdom

M/S. HOUSING DEVELOP,MENT FINANCE CORPN. LTD,MUMBAI vs. THE ADDL CIT RG 1(1), MUMBAI

80E as also\nin section 80B(7) except with the difference that this clause refers to Sixth\nSchedule in place of Fifth Schedule. It is pertinent to mention that all\nthe three provisions hereinabove are the provisions granting relief\nto the assessees with a view to give incentive to certain types of\nindustries. The Legislature has in its wisdom

THE DY CIT CIR 1(1), MUMBAI vs. M/S. HOUSING DEVELOPMENT FINANCE CORPN LTD., MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

80E as also\nin section 80B(7) except with the difference that this clause refers to Sixth\nSchedule in place of Fifth Schedule. It is pertinent to mention that all\nthe three provisions hereinabove are the provisions granting relief\nto the assessees with a view to give incentive to certain types of\nindustries. The Legislature has in its wisdom

M/S. HOUSING DEVELOPMENT FINANCE CORP. LTD.,MUMBAI vs. DCIT CIR. 1(1), MUMBAI

80E as also\nin section 80B(7) except with the difference that this clause refers to Sixth\nSchedule in place of Fifth Schedule. It is pertinent to mention that all\nthe three provisions hereinabove are the provisions granting relief\nto the assessees with a view to give incentive to certain types of\nindustries. The Legislature has in its wisdom

M/S. HOUSING DEVELOP,MENT FINANCE CORPN. LTD,MUMBAI vs. THE ADDL CIT RG-1(1), MUMBAI

In the result, the three appeals by the Revenue are partly\nallowed

80E as also\nin section 80B(7) except with the difference that this clause refers to Sixth\nSchedule in place of Fifth Schedule. It is pertinent to mention that all\nthe three provisions hereinabove are the provisions granting relief\nto the assessees with a view to give incentive to certain types of\nindustries. The Legislature has in its wisdom

DY CIT. CIRCLE-1, THANE vs. M/S TRAVECOM GLOBAL P. LTD., BHAYANDER

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Aby T. Varkey, Hon'Ble & Shri S. Rifaur Rahman, Hon'Bledcit – Circle 1 V. M/S. Travecom Global Pvt. Ltd., Room No. 22, B-Wing B/607, Krishnakunj 6Th Floor, Ashar I.T. Park Salasar Brij Bhoomi Wagle Industrial Estate Bhayander (W)-401101 Thane (W)-400604 Pan: Aaect8729Q (Appellant) (Respondent) Assessee By : Ms. Aarti Vissanji Department By : Shri B.K. Bagchi

68 are in the nature of anti-abuse measures aimed at preventing the mala fide transactions intended to avoid tax liability and to tackle the problem of black money and were never intended to be made applicable on genuine, bona fide and purely commercial transactions. To substantiate the same the assessee relies on the following board circulars and judicial precedents

MANISH KUMUDCHANDRA METHA ,MUMBAI vs. INCOME TAX OFFICER-19(2)(3), MUMBAI

Bench: Shri Kuldip Singhassessment Year: 2014-15

80E, Napeansea Road, Grant Road, Mumbai – 400 006 Mumbai – 400 007 PAN: AADPM9184G (Appellant) (Respondent) Present for: Assessee by : None Revenue by : Shri Krishna Kumar, D.R. Date of Hearing : 15 . 11 . 2022 Date of Pronouncement : 22 . 11 . 2022 O R D E R Per : Kuldip Singh, Judicial Member: The appellant, Shri Manish Kumudchandra Mehta (hereinafter referred to as ‘the assessee

ASST CIT (LTU) 2, MUMBAI vs. RELIANCE INDUSTRIES LTD, MUMBAI

Bench: S/Shri B.R.Baskaran (Am) & Amarjit Singh (Jm)

sections, the same profits shall not be allowed as a deduction under any other provision of this Act for the same assessment year and that in any case the deduction shall not exceed the profits and gains of the eligible undertaking or unit or enterprise or business, as the case may be. Even if Section 10A/Section