ELARA CAPITAL (INDIA) PRIVATE LIMITED,MUMBAI vs. ACIT- CIRCLE 6(2)(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2017-18 Elara Capital (India) Pvt. Ltd., The Acit-Circle 6(2)(2), Tower 3, 21St Floor, One Room No. 506, 5Th Floor, Vs. International Center, Senapati Aayakar Bhavan, Maharshi Bapat Marg, Elphinstone Karve Road, Mumbai- Road (West), Mumbai-400013. 400020. Pan No. Aabce 6487 B Appellant Respondent

250. 44. In view In view of the above catena of judgements, it is of the above catena of judgements, it is abundantly clear that in absence of any exempt income, no abundantly clear that in absence of any exempt income, no abundantly clear that in absence of any exempt income, no disallowance u/s 14A of the Act is permissible

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

Bench: Hon’Ble Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

section 250 of the Income Tax Act, 1961 (the Act) dated 14.03.2013 3 ITA 4172/M/13-5749-5750/M/15-110- 111/M/16 Bajaj Electricals Limited for AY 2009-10, dated 07.09.2015 for AY 2011-12, dated 04.09.2015 for AY 2010- 11. AY 2009-10 2. The assessee is a company engaged in the business of manufacturing of Fans, Telecommunication, Transmission Line Towers, Hot Dip Galvanizing

DCIT 2(1)(1), MUMBAI vs. BAJAJ ELECTRICALS LTD, MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

Bench: Hon’Ble Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

section 250 of the Income Tax Act, 1961 (the Act) dated 14.03.2013 3 ITA 4172/M/13-5749-5750/M/15-110- 111/M/16 Bajaj Electricals Limited for AY 2009-10, dated 07.09.2015 for AY 2011-12, dated 04.09.2015 for AY 2010- 11. AY 2009-10 2. The assessee is a company engaged in the business of manufacturing of Fans, Telecommunication, Transmission Line Towers, Hot Dip Galvanizing

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned issue back to the AO with similar directions. The grounds raised by the assessee in this regard are allowed for statistical purposes

Bench: Hon’Ble Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

section 250 of the Income Tax Act, 1961 (the Act) dated 14.03.2013 3 ITA 4172/M/13-5749-5750/M/15-110- 111/M/16 Bajaj Electricals Limited for AY 2009-10, dated 07.09.2015 for AY 2011-12, dated 04.09.2015 for AY 2010- 11. AY 2009-10 2. The assessee is a company engaged in the business of manufacturing of Fans, Telecommunication, Transmission Line Towers, Hot Dip Galvanizing

YES BANK LIMITED,MUMBAI vs. DCIT 2 (2)(2), MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

Section 250(5) of the Act, 1961. b. Claim was not verified by the learned Assessing Officer as the same was not discussed in the order and further, there were no sufficient judicial ITA No. 3498 to 3500 & 3236 to 3238/Mum/2018 Yes Bank Limited; A.Y. 11-12 to 13-14 precedents, which prevented the assessee in not making the claim

DCIT- 2(2)(2), MUMBAI vs. YES BANK LTD., MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

Section 250(5) of the Act, 1961. b. Claim was not verified by the learned Assessing Officer as the same was not discussed in the order and further, there were no sufficient judicial ITA No. 3498 to 3500 & 3236 to 3238/Mum/2018 Yes Bank Limited; A.Y. 11-12 to 13-14 precedents, which prevented the assessee in not making the claim

YES BANK LIMITED,MUMBAI vs. DCIT - 2(2)(2), MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

Section 250(5) of the Act, 1961. b. Claim was not verified by the learned Assessing Officer as the same was not discussed in the order and further, there were no sufficient judicial ITA No. 3498 to 3500 & 3236 to 3238/Mum/2018 Yes Bank Limited; A.Y. 11-12 to 13-14 precedents, which prevented the assessee in not making the claim

YES BANK LTD.,MUMBAI vs. DCIT 2(2)(2), MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

Section 250(5) of the Act, 1961. b. Claim was not verified by the learned Assessing Officer as the same was not discussed in the order and further, there were no sufficient judicial ITA No. 3498 to 3500 & 3236 to 3238/Mum/2018 Yes Bank Limited; A.Y. 11-12 to 13-14 precedents, which prevented the assessee in not making the claim

DCIT 2(2)(2), MUMBAI vs. YES BANK LTD., MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

Section 250(5) of the Act, 1961. b. Claim was not verified by the learned Assessing Officer as the same was not discussed in the order and further, there were no sufficient judicial ITA No. 3498 to 3500 & 3236 to 3238/Mum/2018 Yes Bank Limited; A.Y. 11-12 to 13-14 precedents, which prevented the assessee in not making the claim

DCIT- 2(2)(2), MUMBAI vs. YES BANK LTD., MUMBAI

In the result, appeal filed by the learned assessing officer in ITA number 3238/M/2018 for assessment year 2013 –

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

Section 250(5) of the Act, 1961. b. Claim was not verified by the learned Assessing Officer as the same was not discussed in the order and further, there were no sufficient judicial ITA No. 3498 to 3500 & 3236 to 3238/Mum/2018 Yes Bank Limited; A.Y. 11-12 to 13-14 precedents, which prevented the assessee in not making the claim

BAJAJ ELECTRICALS LTD,MUMBAI vs. ADDL CIT 2(1), MUMBAI

Accordingly we remit the impugned\nissue back to the AO with similar directions. The grounds raised by the assessee in\nthis regard are allowed for statistical purposes

section 250 of the Income Tax Act, 1961 (the Act) dated 14.03.2013\nfor AY 2009-10, dated 07.09.2015 for AY 2011-12, dated 04.09.2015 for AY 2010-\n11.\nAY 2009-10\nITA No. 4172/Mum/2013\n2.\nThe assessee is a company engaged in the business of manufacturing of Fans,\nTelecommunication, Transmission Line Towers, Hot Dip Galvanizing and trading in\nelectrical appliances

DCIT-1(1)(2), MUMBAI vs. M/S HINDUSTAN PETROLEUM CORPORATION LTD., MUMBAI

disallowance of leave encashment, and foreign exchange variation losses were addressed, with some issues being remitted back to the Assessing Officer.", "result": "Allowed/Dismissed/Partly Allowed/Remanded", "sections": ["Section 14A", "Rule 8D", "Section 43B(f)", "Section 37(1)", "Section 115JB", "Section 154", "Section 250

ACIT, MUMBAI vs. K RAHEJA CORP PRIVATE LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2020-21

Section 14A(2) of the Act. (iv) Without prejudice to the above, the appellant contended that the amount (iv) Without prejudice to the above, the appellant contended that the amount (iv) Without prejudice to the above, the appellant contended that the amount of disallowance must be restricted upto the exempt income earned during of disallowance must be restricted upto

SICOM LTD ,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CIRCLE 3(3)(1), MUMBAI

In the result, the appeal filed by the assesee is partly allow for statistical purpose and the appeal filed by the revenue is allowed for statistical purposes

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadale, Judicialmember Sicom Ltd, Vs. Dy Commissioner Of Solitaire Corporate Income Tax Circle Park, Bldg No.04, 3(3)(1), Chakala, Andheri(E), 6Th Floor, Room No. Mumbai-400093. 609,Aayakar Bhavan, Maharishi Karve Road, Mumbai- 400020. "थायी लेखा सं./जीआइआर सं.Pan/Gir No. Aaacs5524J (अपीलाथ"/Applicant) (""यथ"/Respondent) Dy Commissioner Of Vs. Sicom Ltd, Income Tax Circle Solitaire Corporate Park, 3(3)(1), Bldg No.04, Chakala, 6Th Floor, Room No. Andheri(E), 609,Aayakar Bhavan, Mumbai-400093. Maharishi Karve Road, Mumbai- 400020. "थायी लेखा सं./जीआइआर सं.Pan/Gir No. Aaacs5524J (अपीलाथ"/Applicant) (""यथ"/Respondent)

250 of the Act. 2. We shall take up ITA No. 1694/MUM/2023 as a lead case and facts narrated. The assessee has raised following grounds of appeals. I. Disallowance of notional Interest of Rs. 48,84,000/- under section