JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

disallowed the benefit of exemption u/s 11. 7. The Assessing Officer noted that since the interest accrued / paid by the assessee on loans pertains to the period upto 31.03.2002 where the assessee’s income was exempt from tax, therefore, the provisions of section

DEPUTY COMMISSIONER OF INCOME-TAX vs. THE JAWAHARLAL NEHRU PORT TRUST,, RAIGAD

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

disallowed the benefit of exemption u/s 11. 7. The Assessing Officer noted that since the interest accrued / paid by the assessee on loans pertains to the period upto 31.03.2002 where the assessee’s income was exempt from tax, therefore, the provisions of section

DEPUTY COMMISSIONER OF INCOME-TAX vs. THE JAWAHARLAL NEHRU PORT TRUST,, RAIGAD

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

disallowed the benefit of exemption u/s 11. 7. The Assessing Officer noted that since the interest accrued / paid by the assessee on loans pertains to the period upto 31.03.2002 where the assessee’s income was exempt from tax, therefore, the provisions of section

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

disallowed the benefit of exemption u/s 11. 7. The Assessing Officer noted that since the interest accrued / paid by the assessee on loans pertains to the period upto 31.03.2002 where the assessee’s income was exempt from tax, therefore, the provisions of section

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

disallowed the benefit of exemption u/s 11. 7. The Assessing Officer noted that since the interest accrued / paid by the assessee on loans pertains to the period upto 31.03.2002 where the assessee’s income was exempt from tax, therefore, the provisions of section

YASHWANTRAO CHAVAN MAHARASHTRA OPEN UNIVERSITY,NASHIK vs. EXEMPTION CIRCLE,A BAD, AURANGABAD

Bench: Shri R. K. Panda & Shri Vinay Bhamore

Section 11 (3) of Income Tax Act, the amount of Rs.90,70,20,511/- is taxable as deemed income during the instant assessment year. Further, since the accumulated amount had to be utilized upto AY 2022-23, the ground of appeal taken by appellant that amendment to S. 11(3) is applicable prospectively and applicable only for the funds accumulated

SHETH CHIMANLAL GOVINDDAS MEMORIAL TRUST,PUNE vs. CIT(EXEMPTION), PUNE, PUNE

In the result, appeal of the assessee is dismissed

Section 11(5). Therefore, the\nFAO was required to disallow the entire investment of Rs 32,75,0007-\nand tax it at the Maximum

INDIAN MEDICAL ASSOCIATION PUNE BRANCH,SHUKRAWAR PETH vs. DCIT EXEMPTION CIRCLE, PUNE, SWARGATE

In the result, all the 5 appeals filed by the assessee are allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

section 11 is required to file the return of income and form 10B within the prescribed time limit. The failure to file them within the due date results in the disallowance

INDIAN MEDICAL ASSOCIATION PUNE BRANCH,SHUKRAWAR PETH vs. DCIT EXEMPTION CIRCLE, PUNE, SWARGATE

In the result, all the 5 appeals filed by the assessee are allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

section 11 is required to file the return of income and form 10B within the prescribed time limit. The failure to file them within the due date results in the disallowance

INDIAN MEDICAL ASSOCIATION PUNE BRANCH,SHUKRAWAR PETH vs. DCIT EXEMPTION CIRCLE, PUNE, SWARGATE

In the result, all the 5 appeals filed by the assessee are allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

section 11 is required to file the return of income and form 10B within the prescribed time limit. The failure to file them within the due date results in the disallowance

INDIAN MEDICAL ASSOCIATION PUNE BRANCH,SHUKRAWAR PETH vs. DCIT EXEMPTION CIRCLE, PUNE, SWARGATE

In the result, all the 5 appeals filed by the assessee are allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

section 11 is required to file the return of income and form 10B within the prescribed time limit. The failure to file them within the due date results in the disallowance

INDIAN MEDICAL ASSOCIATION PUNE BRANCH,SHUKRAWAR PETH vs. DCIT EXEMPTION CIRCLE PUNE, SWARGATE

In the result, all the 5 appeals filed by the assessee are allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

section 11 is required to file the return of income and form 10B within the prescribed time limit. The failure to file them within the due date results in the disallowance

NAVALMAL FIRODIA MEMORIAL HOSPITAL TRUST,PUNE vs. INCOME TAX OFFICER, EXEMPTION WARD 1(2), PUNE

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

Bench: the learned CIT(A), the same has neither been taken note of or distinguished in any manner. Not following the binding Judicial precedent of the Jurisdictional ITAT Pune is gross impropriety in law. Ground No. 2: The Appellant craves leave to add, alter, amend or withdraw all or any of the Grounds of Appeal herein and to submit such statements, documents and papers as may be considered necessary either at or before the appeal hearing.”

Disallowance of Rs. 6,00,000/-. a) The learned ADDLN/JCIT (5), Delhi (CIT-A) erred in law and of facts in confirming the action of learned CPC of adding back Rs.6,00,000 to the total income of the Appellant by invoking the 2 provisions of sub clause (c) of Section 11

SHRI ISHWARLAL GULABCHAND VARDHAMANTAP AYAMBIL TRUST,PUNE vs. ITO WARD 7(1), PUNE

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

Bench: Dr.Manish Borad

disallowing the claim of Rs.22,86,213/- being unspent amount out of accumulation of FY 2016-17 by relying on omission of particular sentence from clause (c) of Subsection (2) of section (11

SHRI VASUPUJYA SWAMI MAHARAJ TEMPLE TRUST,PUNE vs. ITO (EXEMPTION) WARD 1(2), PUNE

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

Bench: Dr.Manish Borad

disallowing the claim of Rs.22,86,213/- being unspent amount out of accumulation of FY 2016-17 by relying on omission of particular sentence from clause (c) of Subsection (2) of section (11

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

disallowing the depreciation on leased assets amounting Rs.8,11,41,046/- as an application of income. He ought to have appreciated that depreciation on leased assets is allowable considering the CBDT circular no.2 of 2001 dated 9-2-2001. 10. The appellant craves leave to add, alter, clarify, explain, modify, delete any of the grounds of appeal, and to seek

INCOME-TAX OFFICER vs. PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,, PUNE

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

disallowing the depreciation on leased assets amounting Rs.8,11,41,046/- as an application of income. He ought to have appreciated that depreciation on leased assets is allowable considering the CBDT circular no.2 of 2001 dated 9-2-2001. 10. The appellant craves leave to add, alter, clarify, explain, modify, delete any of the grounds of appeal, and to seek

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

disallowing the depreciation on leased assets amounting Rs.8,11,41,046/- as an application of income. He ought to have appreciated that depreciation on leased assets is allowable considering the CBDT circular no.2 of 2001 dated 9-2-2001. 10. The appellant craves leave to add, alter, clarify, explain, modify, delete any of the grounds of appeal, and to seek

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

disallowing the depreciation on leased assets amounting Rs.8,11,41,046/- as an application of income. He ought to have appreciated that depreciation on leased assets is allowable considering the CBDT circular no.2 of 2001 dated 9-2-2001. 10. The appellant craves leave to add, alter, clarify, explain, modify, delete any of the grounds of appeal, and to seek