ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ACIT-2(2)(1), MMUMBAI vs. M/S. JICS LOGISTIC LIMITED , MUMBAI

In the result, the appeal of the revenue for assessment year the appeal of the revenue for assessment year the appeal of the revenue for assessment year

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2011-12 & Assessment Year: 2012-13 &

1 and Annexure-A2, were annexed to the audit report. to the audit report. The Annexure:A-1 represented 1 represented working of depreciation as per Act working of depreciation as per Act on the WDV of M/c Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior to conversion Jhawar Ice and Cold Storage prior

ADDL CIT R G 7(1), MUMBAI vs. NOVARTIS INDIA LTD ( FORMERLY KNOWN AS HINDUSTAN CIBA GIEGY LTD. ), MUMBAI

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Novartis India Limited V. Asst. Commissioner Of Income –Tax - 7(2)(2) {Earlier Addl. Commissioner Of Income –Tax – 7(1)} 6Th& 7Th Floor 1St Floor, Aayakar Bhavan Inspire Bkc M.K. Road, Mumbai - 400020 “G” Block, Bkc Main Road Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Pan: Aaach2914F (Appellant) (Respondent) Addl. Commissioner Of Income –Tax – 7(1) V. M/S. Novartis India Limited Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent) Co No.190/Mum/2011 [Arising Out Of Ita No.6772/Mum/2010 (A.Y. 2002-03)] M/S. Novartis India Limited V. Addl. Commissioner Of Income –Tax – 7(1)} Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent)

section 143(2) proceeding and was treated as such by the assessee preclude it from urging lack of jurisdiction." (emphasis supplied) (3) There is no interplay of section 127 as held in para 8, in the following words- "8. As far as the section 127 goes, we are of the opinion that having regard to the findings rendered, that question

ACIT CIR 7(1), MUMBAI vs. NOVARTIS INDIA ( FORMELRY KNOWN AS HINDUSTAN CIBA GIEGY LTD), MUMBAI

In the result, (i) the appeal filed by the assessee is partly allowed for statistical purpose (ii) the appeal filed by the revenue is dismissed and (iii) the Cross Objections filed by the assessee ...

Bench: Pavan Kumar Gadale & Shri Girish Agrawal & Co 76/Mum/2013 (A.Y 2003-04) Novartis India Limited Vs. Deputy Commissioner Of Income–Tax–14(1)(1) Inspire Bkc, 7Th Floor, Room No 432, Bandra Kurla Complex, Aaykar Bhawan, Bandra (E) M.K. Marg, Mumbai-400051. Mumbai-400020. Pan/Gir No. Aaach2914F (अपीलाथ"/Appellant) (""यथ"/Respondent) Deputy Commissioner Vs. Novartis India Limited Of Income–Tax–14(1)(1) Inspire Bkc, 7Th Floor, Room No 432, Bandra Kurla Complex, Aaykar Bhawan, Bandra (E) M.K. Marg, Mumbai-400051 Mumbai-400020 Pan/Gir No. Aaach2914F (अपीलाथ"/Appellant (""यथ"/Respondent)

1) of Expln. (baa). 11A. Counsel appearing on behalf of the Revenue submitted that the insurance claim has no element of export turnover and that consequently it must sustain a reduction of ninety per cent under Expln. (baa). Now it is necessary to note that Expln. (baa) in terms does not refer to export turnover. Sub- section (1) of section

INCOME TAX OFFICER-1(1)(1), MUMBAI vs. SOHNI DEPAK TANNA, MUMBAI

In the result appeal of the learned assessing officer and cross objections of the assessee are dismissed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm C.O.No. 135/Mum/2022 (Assessment Year 2014-15) Sohni Dipak Tanna Ito 1(1)(1), Mumbai 2Nd Floor, Tanna House, 11A, 534, 5Th Floor, Aaykar Bhavan, Nathlal Parekh Marg, M. K. Road, Vs. Mumbai-400020 Mumbai-400001 (Appellant) (Respondent) Pan No. Acept3611J Sohni Dipak Tanna Ito 1(1)(1), Mumbai 2Nd Floor, Tanna House, 11A, 534, 5Th Floor, Aaykar Bhavan, Nathlal Parekh Marg, M. K. Road, Vs. Mumbai-400020 Mumbai-400001 (Appellant) (Respondent) Pan No. Acept3611J Assessee By : Shri. Madhur Agrawal & Pankaj Jain Revenue By : Shri. Kishor Dhule Date Of Hearing: 03.10.2023 Date Of Pronouncement : 30.10.2023

11A, 534, 5th Floor, Aaykar Bhavan, Nathlal Parekh Marg, M. K. Road, Vs. Mumbai-400020 Mumbai-400001 (Appellant) (Respondent) PAN No. ACEPT3611J Assessee by : Shri. Madhur Agrawal & Pankaj Jain Revenue by : Shri. Kishor Dhule Date of hearing: 03.10.2023 Date of pronouncement : 30.10.2023 O R D E R PER PRASHANT MAHARISHI, AM: 01. This appeal is filed by the income

RELIANCE INDUSTRIAL INVESTMENT AND HOLDINGS LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 3(3)(1), MUMBAI

Bench: Shriamit Shukla, Jm& Shri S. Rifaur Rahman, Am आयकरअपीलसं./ I.T.A. No.1065/Mum/2022 (निर्धारणवर्ा / Assessment Year: 2017-18) Reliance Industrial Dcit Cir – 3(3)(1), Investment & Holdings 6Th Floor, Aayakar Bhavan, Limited. बिधम/ M. K. Road, 9Th Floor, Maker Chambers Mumbai-400 020 Vs. Iv, 222Nariman Point, Mumbai-400 021 स्थायीलेखासं./जीआइआरसं./ Pan No.Aaacr5053R (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant By : Shri Madhur Agrawal, Ld. Ar प्रत्यथीकीओरसे/Respondentby : Shri Jayant Jhaveri, Ld. Cit- Dr सुनवाईकीतारीख/ : 30.11.2023 & 24.03.2023 Date Of Hearing घोषणाकीतारीख / : 29.03.2023 Date Of Pronouncement आदेश / O R D E R Per Amit Shukla: The Aforesaid Appeal Has Been Filed By The Assessee Against Impugned Order Dated 17.03.2012, Passed By Ld. Principal Commissioner Of Income Tax, Mumbai-3 („Pcit/Cit‟) In His

11A - Instruments Recasted/ entirely Equity in regrouped nature Financials 3. Reconciliation Foot note I to Note 36.2 Original of Profit and - „all convertible issued Financials other equity by the Company between Ind considered under other AS and equity under the head previous Equity component of GAAP compound financial instrument‟ Foot note I to Note 36.2 Revised Financials 27 I.T.A