2023-TIOL-1081-ITAT-MUM
Rashtriya Chemicals And Fertilisers Employees Vs ITO
Whether agricultural credit societies is entitled to exemption u/s 80(P)(2) as a co operative credit society and not a bank - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2023-TIOL-1080-ITAT-MUM
ITO Vs Neumec Builders And Developers
Whether AO can pass multiple assessment orders on its own without any direction from any higher administrative or appellate authority - NO: ITAT
- Revenue's appeal dismissed: MUMBAI ITAT
2023-TIOL-1079-ITAT-MUM
Dosch Pharmaceuticals Pvt Ltd Vs ACIT
Whether computation under clause (f) of Explanation 1 to section 115JB(2) is to be made without resorting to the computation as contemplated under section 14A read with Rule 8D of the Income-tax Rules, 1962 - YES: ITAT
- Appeal partly allowed: MUMBAI ITAT
2023-TIOL-1078-ITAT-MUM
DCIT Vs Kutchi Visa Oswal Jain Manav Seva Kendra
Whether action of the AO is justified in treating the Pharmacy store of the Assessee as separate business entity when assessee-trust has complied with the twin conditions, as set out in section 11(4A) of the Act - NO: ITAT
- Revenue's appeal dismissed: MUMBAI ITAT
2023-TIOL-1077-ITAT-DEL
Maestro Multi State Cooperative Group Housing Society Ltd Vs Pr.CIT
Whether power of revision is rightly exercised where the original assessment order passed is not found to be erroneous or prejudicial to Revenue's interests - NO: ITAT
- Appeal allowed: DELHI ITAT
2023-TIOL-1076-ITAT-AHM
Nirma Ltd Vs DCIT
Whether deduction u/s 80HH/80IA of the Act can be denied to the insurance claim received as being in the nature of income - NO: ITAT Whether interest income earned on FDs and loans created for statutory components are in nature of business income - YES: ITAT
- Assessee's appeal allowed: AHMEDABAD ITAT
