Court : Income Tax Appellate Tribunal ITAT Mumbai
..... 14a read with rule 8d without appreciating the facts of the case in the right perspective. 9. the appellant craves leave to add to, amend, delete or modify all or any of the grounds of appeal. grounds of appeal, filed by the ao read as under: on the ..... "dr' and 'cr' note were self prepared to suit the convenience of the parties," appellant craves leave to add to, amend or withdraw the aforesaid ground of appeal. 2.assessee-company,engaged in the business of dealing in shares and securities, filed its return of ..... , that there was no evidence of the basis of the claim that the transaction of purchase had been undertaken on 20.02.2007,that the only evidence given to the ao was the debit and credit notes between the two parties and the confirmation from the ..... big question mark attached to it. referring to the provisions of sales of goods act he held that the transaction actually took place on 12.03.2007.he found that on 12.03. 2007 market price of the shares was rs.524.55 per share. he held that .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Mumbai
..... at the time of hearing, ld. dr supported the orders of ao in denying the deduction u/s 80ib (10) of the act in view of the amendment made by insertion of clause (d) of section 80ib (10) with effect from 1.4.2005 on the ground that aggregate area ..... at rs.nil after claiming deduction/s 80ib of rs.24,85,233/-. ao denied the deduction u/s 80ib of the act for the assessment year 2007-08 on the ground that the assessee has constructed shops with the aggregate built up area of 3382 sq.ft which constitutes ..... account of built up area of shops and commercial establishment was considered by itat in assessee's own case in ita no.7297/mum/2007 for assessment year 2004-05 vide order dated 2.6.2009 wherein the assessment order was set aside and following it, he has ..... ground which may be necessary" 2. at the time of hearing, it was pointed out that grounds in the appeal for assessment year 2007-08 are similar to that of ground nos. 1 and 2 of the appeal for the assessment year 2008-09 and it relates to .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Mumbai
..... royalty. ld. ar further submitted that similar issue was also considered by itat, mumbai bench in assessees own case for assessment year 2002-03 in ita no.4092/mum/2007 vide its order dated 28.8.2013 (relevant para 42) and the tribunal deleted the disallowance made by tpo on that account. he submitted that the tribunal also observed ..... . assessee has filed this appeal against order of assessing officer dated 27.10.2010 passed u/s 143(3) r.w.s.144c(13) of the income tax act, 1961 (the act). 2. brief facts giving rise to this appeal are that assessee is an indian company and it is a subsidiary of johnson and johnson inc. us who is holding ..... held by tribunal that cess on royalty is payable to central government by an industrial concern which imports technology, as per section 3(2) of research and development cess act, 1986. the tribunal held that research and development cess is payable by the assessee which is importing technology and therefore no adjustment could be made for the same in .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Mumbai
..... tribunal, that section 115jb is not applicable to the assessee-company. we, accordingly, set aside the impugned order. we are conscious, even as noted by the ld. cit, that the act has been amended by finance act, 2012, so as to include within the ambit of section 115jb, companies to which the proviso to section 211(2) of the companies ..... , allowing the assessee's relevant ground. 8. in the result, the assessee's appeal is partly allowed. revenue's appeal (in ita no. 4112/mum/2012 for a.y. 2007-08) 9. ground # 1 by the revenue impugns the direction by the ld. cit(a) in allowing its claim qua bad debts for rs.287.89 crores on the basis ..... by the first appellate authority for the relevant years, and another appeal by the assessee contesting the revision order u/s.263 in respect of its assessment for a.y. 2007-08. the appeals raising common issues were listed for hearing and, accordingly, heard together, and are being disposed of vide a common, consolidated order. we shall proceed year wise. .....
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