Fidelity Salem Street Trust Fidelity ... vs Deputy Commissioner Of Income Tax ... on 13 June, 2025
IN THE INCOME TAX APPELLATE TRIBUNAL
"I" BENCH ... Respondent
&
ITA No.2126/MUM/2025
Assessment Year: 2022-2023
Fidelity Salem Street Trust Fidelity
Sai Emerging Markets Index Fund
C/o. Ernst
Mumbai vs Salem Steel Industries, Mumbai on 22 September, 2025
IN THE INCOME TAX APPELLATE TRIBUNAL
"G" BENCH, MUMBAI
BEFORE SHRI SAKTIJIT ... 2025
(Assessment Year: 2008-09)
Income Tax Officer-19(3)(1), Salem Steel Industries,
405, 4th Floor, Piramal Chambers, 33, Sindhi Lane, Near Alankar
Salem Steel Industries , Mumbai vs Income Tax Officer-19(3)(2), Mumbai on 23 March, 2022
THE INCOME TAX APPELLATE TRIBUNAL
"SMC" Bench ... 6190/Mum/2019 (A.Y. 2011-12)
M/s. Salem Steel Industries Vs. ITO-19(3)(2)
27/29, Sindhi Lane Matru Mandir
Mumbai
Salem Steel Industries, Mumbai vs Ito 19 (3)(2), Mumbai on 16 July, 2021
आयकर अपीलीय अिधकरण
मुंबई पीठ "एस एम सी" , मुंबई ... 6230/MUM/2019 (A.Y.2010-11)
M/s Salem Steel Industries
27/29, Sindhi Lane,
Mumbai-400004
PAN: AAOFS8839D ...... अपीलाथ' /Appellant
बनाम
Orgeno Chemicals Ltd. v. CIT (1995)216 ITR 2911 (Bom. ), CIT v. Salem Co-op. Sugar Mills Ltd. (1998) 229 ITR 2852 (Mad. ); and, Dalmia ... following judgments :
( i) Sadichha Chitra 's case (supra)
( ii) Salem Co.-op. Sugar Mills Ltd. 's case (supra)
( iii) CIT v. New Horizon
Bombay
High Court relied by Assessing Officer in Salem Magnesite Pvt. Ltd vs.
CIT [(2009) 180 Taxman 545 (Bom)] is distinguishable on the fact ... concluded that the decision of Hon'ble Bombay High Court in
Salem Magnesite Pvt. Ltd (supra) is applicable on the facts of the case
search and seizure and Survey
Operations;
2. Commissioner of Income Tax Salem Vs. S. Khader Khan Son
(2012) 25 Taxman.com 413 (Supreme Court ... Commissioner of Income Tax Salem Vs. S. Khader Khan Son
(2008) 214 CTR 589 (Madras);
4. Commissioner of Income Tax, Trichy Vs. P. Balasubramanian
recorded is not justifiable,
and relying on Supreme Court decision in CIT Salem v/s. S. Khader Khan
when the facts of the instant case ... appellant relied on
the following judicial decisions :
a.CIT, Salem vs. S.Khader Khan Son, Appeal (Civil
Madras High Court in the case of CIT v. Salem District Urban Bank Ltd. 8 ITR 266. As far as a company is concerned
Grasim Industries Ltd vs Deputy Commissioner Of Income Tax on 29 June, 1998
ORDER
1
