IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

DCIT CENT. CIR. 5(2), MUMBAI vs. IPCA LABORATORIES LTD., MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

ASST CIT (LTU) 1, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

DCIT (LTU) 1, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

IPCA LABORATORIES LTD,MUMBAI vs. DCIT LTU, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

1) of the act. Accordingly ground number 2 of the appeal of the AO is dismissed. 0104. Accordingly, for assessment year 2009–10, appeal of the assessee is partly allowed and appeal of the Assessing Officer is dismissed. For A.Y. 2010–11 0105. ITA Nos. 3811 & 5227/Mum/2016 0106. Assessee has preferred ITA number 3811/M/2016 for assessment year 2000 – 11 against

FIRMENICH AROMATICS (INDIA) P. LTD,MUMBAI vs. ACIT 9(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri G Manjunatha () & Shri Ravish Sood () Firmenich Aromatics (India) Vs Acit-9(3)(1), Mumbai Pvt Ltd, 9Th Floor, Arena Space, Cts 20, New Shyam Nagar Road, Behind Majas Bus Depot, Jogeshwari (E), Mumbai. Pan : Aaacf1621M Appellant Respondednt

Transfer Pricing (*TP') adjustment in relation to export of finished goods 1.1. On the facts and circumstances of the case, and in law, the Hon'ble DRP has erred in upholding the action of the Ld. AO/TPO in determining the Arms' Length Price ('ALP') of the international transaction of export of finished goods at Rs. 10,35,77,048 instead

M/S. MERCATOR LTD,MUMBAI vs. THE DY CIT 5(2), MUMBAI

In the result, the appeal filed by the revenue and CO by the asssessee are dismissed and the asseessee appeal is allowed for statistical purposes

Bench: Shri Baskaran Br & Shri Pavan Kumar Gadaleita No. 7278/Mum/2017 (A.Y: 2010-11) & Co No. 21/Mum/2019 (2010-11) (Arising Out Of Ita No. 29/Mum/2018) Mercator Ltd Vs. Dcit 3Rd Floor, Mittal Tower- Range 5(2) B Wing, Nariman Point Aayakar Bhavan, Mk Mumbai- 400021. Road, Mumbai-400020. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacm5007A Appellant .. Respondent Dy. Cit Vs. Mercator Lines Ltd Range 5(2)(2), Rno.571 3Rd Floor, Mittal Tower- Aayakar Bhavan, Mk B Wing, Nariman Point Road, Mumbai – 400 021. Mumbai - 400020. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacm5007A Appellant .. Respondent Assessee By : Mr.Nikhil Tiwari.Ar Revenue By : Mr.Krishnakumarmishra.Dr Date Of Hearing 30.11.2022 Date Of Pronouncement 22.12.2022 आदेश / O R D E R Per Pavan Kumar Gadale Jm: 29/Mum/2018 & Co No. 21/Mum/2019 M/S. Mercator Ltd, Mumbai. The Cross Appeal Is Filed By The Assessee & The Revenue Against The Order Of The Commissioner Of Income Tax (Appeals) (Cit(A))-57, Mumbai Passed U/S 250 Of The Act & The Assessee Has Filed The Cross Objection(Co) In The Revenue Appeal.

section 153 is the outer time limit for passing the final assessment order and hence, the final assessment order dated 2 April 2014 is time barred and liable to be quashed. 2. At the time of hearing, the Ld.AR has submitted that the grounds of appeal no. 1 to 24 pertains to transfer pricing issues and ground

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

UNITY INFRAPORJECTS LTD,MUMBAI vs. ASST CIT CEN CIR 45, MUMBAI

In the result, the assessee’s appeals for assessment years 2006-07 to 2012-13 are allowed

Bench: Shri Jason P. Boaz & Shri Sandeep Gosain

section 142(1) of the Act dated 11.10.2013 calling for details to be filed by 17.10.2013, consisted of 26 queries for 7 years and certain details were to be furnished as per specific formats as mentioned in the notice (placed at pages 1 to 7 of the assessee’s paper book). The said notice was received by the assessee only

INCOME TAX OFFICER-25(3)(5), MUMBAI vs. NILIMA ABHIJIT TANNU, MUMBAI

Bench: Hon’Ble Shri Sandeep Gosain, Jm & Hon’Ble Shri G. Manjunatha, Am

price of new assets being Rs. 1, 58, 10, 000.00 and the sale consideration was Rs. 85, 60, 916.00.The assessing officer has issued show cause notice dated regarding the allowability of exemption u/s 54F of Rs. 82,35,592/-. The A.O. in the assessment order dated 11/02/2016, after considering the facts of the case, has 12 I.T.A. No. 5923/Mum/2017