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Documents citing Sri Mahalakshmi Shares Pvt. Ltd., ... vs Acit, Chennai on 26 April, 2017

Housing Devp. Fin.Corpn. Ltd., vs The Adit Cir. 1(1), on 15 January, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is warranted u/s.14A. The disallowance made in this regard is deleted.
Income Tax Appellate Tribunal - Mumbai Cites 49 - Cited by 0 - Full Document

M/S. Housing Develop,Ment Finance ... vs The Addl Cit Rg 1(1), Mumbai on 5 July, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is war- ranted u/s.14A. The disallowance made in this regard is deleted."
Income Tax Appellate Tribunal - Mumbai Cites 63 - Cited by 0 - Full Document

M/S. Housing Development Finance Corp. ... vs Dcit Cir. 1(1), Mumbai on 5 July, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is war- ranted u/s.14A. The disallowance made in this regard is deleted."
Income Tax Appellate Tribunal - Mumbai Cites 63 - Cited by 0 - Full Document

Dcit Cir 1(1), Mumbai vs M/S. Housing Development Finance ... on 5 July, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is war- ranted u/s.14A. The disallowance made in this regard is deleted."
Income Tax Appellate Tribunal - Mumbai Cites 63 - Cited by 0 - Full Document

M/S. Housing Develop,Ment Finance ... vs The Addl Cit Rg-1(1), Mumbai on 5 July, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is war- ranted u/s.14A. The disallowance made in this regard is deleted."
Income Tax Appellate Tribunal - Mumbai Cites 63 - Cited by 0 - Full Document

The Dy Cit Cir 1(1), Mumbai vs M/S. Housing Development Finance Corpn ... on 5 July, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is war- ranted u/s.14A. The disallowance made in this regard is deleted."
Income Tax Appellate Tribunal - Mumbai Cites 63 - Cited by 0 - Full Document

The Dy Cit Cir 1(1), Mumbai vs M/S. Housing Development Finance Corpn ... on 5 July, 2024

51. We heard the parties and perused the material on record. It is an admitted position that the assessee is having own funds more than the amount invested in the tax free bonds. Further the impugned investments as per the submissions of the assessee are resulting in both exempt as well as taxable income. We place reliance on the decision of the coordinate bench in the case of Prakash K. Shah Shares & Securities Pvt. Ltd.(supra) to hold that no disallowance is war- ranted u/s.14A. The disallowance made in this regard is deleted."
Income Tax Appellate Tribunal - Mumbai Cites 63 - Cited by 0 - Full Document

Bosch Chassis Systems India Private ... vs The Assistant Commissioner Of Income ... on 20 April, 2026

7. In appeal, the Ld. CIT(A) / NFAC confirmed the disallowance made by the Assessing Officer. While doing so, he held that the amendment to Rule 8D of the Rules introduced w.e.f. 02.06.2016 is applicable for assessment year 2016-17. For the above proposition he relied on the decision of the Pune Bench of the Tribunal in the case of Poonawala Shares & Securities Pvt Ltd vs. ACIT vide ITA No.380/PUN/2020.
Income Tax Appellate Tribunal - Pune Cites 28 - Cited by 0 - Full Document
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