ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1 , KALYAN

In the result, all the above appeals of the assessee are\ndismissed

property’. [CIT\nv Ansal Housing Finance & Leasing Co. Ltd (2016) 72 Taxman.com 254].\nThus, the AO is not justified in treating the rental receipts of Rs.\n2,82,16,861/- as business receipts and deny the Appellant standard\ndeduction amounting to Rs.83,74,762/- allowable under section 24(a) of\nthe Act.\n3.1 Brief facts of the case are that

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

property’. [CIT\nv Ansal Housing Finance & Leasing Co. Ltd (2016) 72 Taxman.com 254].\nThus, the AO is not justified in treating the rental receipts of Rs.\n2,82,16,861/- as business receipts and deny the Appellant standard\ndeduction amounting to Rs.83,74,762/- allowable under section 24(a) of\nthe Act.\n3.1\nBrief facts of the case are that

M/S. SUMER BUILDERS PRIVATE LIMITED,,MUMBAI vs. DCIT-CENTRAL CIRCLE-5(3),, MUMBAI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Rajesh Kumar & Shri Ram Lal Negiassessment Year: 2011-12 M/S. Sumer Builders Pvt. The Dy. Commissioner Of Ltd., Income Tax, 220, Commerce House, Central Circle – 5(3), 140, Nagindas Master (Erstwhile The Assistant Road, Commissioner Of Income Vs. Fort, Mumbai – 400 023 Tax, Central Circle-36, Pan: Aaacs7947P Mumbai), 1906, 19Th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) Present For: Assessee By : Shri Nishit Gandhi, A.R. Revenue By : Shri T.S. Khalsa, D.R. Date Of Hearing : 25.11.2020 Date Of Pronouncement : 08.01.2021 O R D E R

House, Central Circle – 5(3), 140, Nagindas Master (Erstwhile The Assistant Road, Commissioner of Income Vs. Fort, Mumbai – 400 023 Tax, Central Circle-36, PAN: AAACS7947P Mumbai), 1906, 19th Floor, Air India Building, Nariman Point, Mumbai - 400021 (Appellant) (Respondent) Present for: Assessee by : Shri Nishit Gandhi, A.R. Revenue by : Shri T.S. Khalsa, D.R. Date of Hearing : 25.11.2020 Date of Pronouncement

DCIT CEN CIR 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the results, all the appeals of the revenue are dismissed

Bench: Shri Ramesh C Sharma & Shri Pawan Singhआयकर अपीऱ सं./I.T.A. No. 3991/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2011-12) आयकर अपीऱ सं./I.T.A. No. 3992/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) आयकर अपीऱ सं./I.T.A. No. 3993/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2013-14) आयकर अपीऱ सं./I.T.A. No. 3994/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2014-15) बिधम/ Dy. Commissioner Of M/S Phoenix Mills Ltd. Income Tax, 462, Senapati Bapat Vs. Central Circle-8(4), Marg, Lower Parel, 6Th Floor, Room No. 658, Mumbai-400013. Aayakar Bhavan, M.K. Road, Mumbai 400020 स्थायी ऱेखा सं./जीआइआर सं./ Pan/Gir No. : Aaacp 3325 J (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) ..

house property by relying the decision of Hon’ble ITAT in assessee’s own case for A.Y. 2009-10 and A.Y. 2010-11, without appreciating the fact that the department has not accepted the decision of the Hon’ble ITAT in assessee’s own case for A.Y. 2009- 10 and 2010-11 and appeal filed before the Hon’ble Bombay

DCIT-1(2)1, MUMBAI, MUMBAI vs. PATIL CONSTRUCTION AND INFRASTRUCTURE LTD, MUMBAI

In the result In the result, all the three appeals filed by the revenue s filed by the revenue are dismissed

Bench: Shri Sandeep Gosain, Hon’Ble & Ms. Padmavathy S., Hon’Ble

Property and Land Developers P Ltd, Vs. ACIT, [2018] 93 taxmann.com 296 P Ltd, Vs. ACIT, [2018] 93 taxmann.com 296 (Bom) (Bom) 4. Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 Pr. CIT Vs. Montecarlo Construction Ltd, [2024] 161 taxmann.com 222 (Guj) taxmann.com 222 (Guj) 7. We have heard the counsels