RAHEJA LEGENCY TRUST,MUMBAI vs. ACIT, CIR-22(1), MUMBAI

In the result, the appeal of the assessee is partly allowed and appeal filed by the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri Amarjit Singhassessment Year: 2018-19

250 of the I.T. Act, 1961 passed by the National Faceless Appeal Centre dated 19.03.2024. Since common issue on identical facts are involved in these appeals therefore, both these appeals are adjudicated together as follows: A.Y. 2018-19 ITA 2826/M/2024 (Revenue Appeal) 1. On the facts and in the circumstances of the case

ACIT CIRCLE-22(1), MUMBAI vs. RAHEJA LEGACY TRUST, MUMBAI

In the result, the appeal of the assessee is partly allowed and appeal filed by the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri Amarjit Singhassessment Year: 2018-19

250 of the I.T. Act, 1961 passed by the National Faceless Appeal Centre dated 19.03.2024. Since common issue on identical facts are involved in these appeals therefore, both these appeals are adjudicated together as follows: A.Y. 2018-19 ITA 2826/M/2024 (Revenue Appeal) 1. On the facts and in the circumstances of the case

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

In the result, the appeal by the assessee is partly allowed, while the\nappeal by the Revenue is dismissed

250 of the\nIncome Tax Act, 1961 (\"the Act\") by the learned Commissioner of Income Tax\n(Appeals)-52, Mumbai, [\"learned CIT(A)\"], for the assessment years 2016–17,\n2017-18 and 2018–19.\n2. Since these appeals pertain to the same assessee and involve similar\nissues that arise out of a similar factual matrix, therefore, these appeals were\nheard

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

250 of the\nIncome Tax Act, 1961 (\"the Act\") by the learned Commissioner of Income Tax\n(Appeals)-52, Mumbai, [\"learned CIT(A)\"], for the assessment years 2016–17,\n2017-18 and 2018–19.\n\n2. Since these appeals pertain to the same assessee and involve similar\nissues that arise out of a similar factual matrix, therefore, these appeals were

SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

250 of the\nIncome Tax Act, 1961 (\"the Act\") by the learned Commissioner of Income Tax\n(Appeals)-52, Mumbai, [\"learned CIT(A)\"], for the assessment years 2016–17,\n2017-18 and 2018–19.\n2. Since these appeals pertain to the same assessee and involve similar\nissues that arise out of a similar factual matrix, therefore, these appeals were\nheard

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

250 of the\nIncome Tax Act, 1961 (\"the Act\") by the learned Commissioner of Income Tax\n(Appeals)-52, Mumbai, [\"learned CIT(A)\"], for the assessment years 2016–17,\n2017-18 and 2018–19.\n2. Since these appeals pertain to the same assessee and involve similar\nissues that arise out of a similar factual matrix, therefore, these appeals were\nheard

RAKESH JAIN,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE (NFAC), DELHI

In the result the appeal filed by the assessee stands allowed

250 of the Income Tax Act, 1961 (‘the Act'), by the\nNational Faceless Appeal Centre (NFAC) / CIT(A) for the\n assessment year 2017-18. The following grounds have been\nraised by assessee.\n1. The Ld CIT(A) erred in making an addition of Rs.3,49,00,000/- as\ncash deposited in the bank during demonetization period u/s 68\ntreating