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Anand Jain, Mumbai vs Cit Cen-Iii, Mumbai on 5 May, 2017

The ld. counsel also relied upon the decision of the Mumbai Bench of this Tribunal in the case of Mrs. Shweta Avarsekar v. Principal Commissioner of Income Tax in ITA No. 3186 18 ITA 3895/Mum/2013 and 3187/Mum/2016 for assessment years 2006-07 and 2009-10, vide common order dated 1st August, 2016 as well as in the case of M/s Hanspro.com Pvt Ltd. v. Pr. Commissioner of Income Tax in ITA No. 3573/Mum/2016 for assessment year 2006-07 vide order dated 31st January, 2017 and decision of Mumbai-tribunal in the case of Jitendra J. Mehta v. CIT in ITA No. 1872/Mum/2015 for assessment year 2006-07 vide orders dated 24th June, 2015, copies of the orders are placed in the file and contended that since invocation of provisions of section 263 of the Act has no reference to the incriminating material, no additions could have been made and hence it is bad in law.
Income Tax Appellate Tribunal - Mumbai Cites 21 - Cited by 0 - Full Document

Esque Finmark Private Limited , Mumbai vs Dcit-Cc-47, Mumbai, Mumbai on 22 February, 2022

61. We would further like to rely upon decision of Mumbai bench of Hon'ble ITAT in case of Shweta Avarsekar, Mumbai vs AsstCit Cen Cir 8(2) (ITA No.1090/PN/2013). In this case, the assessee is aggrieved by the decision of the learned CIT(A) in confirming the disallowance of exemption claimed by the assessee u/s. 153A of the Act on 31.1.2014, wherein the assessee claimed deduction u/s 54F. The Assessing Officer rejected the claim of the assessee on the following grounds:- The assessee already owns a property at Avarsekar Heights and the same has been let out.
Income Tax Appellate Tribunal - Mumbai Cites 6 - Cited by 0 - Full Document
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