2021 (3) TMI 359

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....020 - -<br>Income Tax<br>SHRI M.BALAGANESH, AM And SHRI PAVAN KUMAR GADALE, JM Assessee by : Shri Madhur Agrawal Revenue by : Shri Bharat Andhle ORDER PER M. BALAGANESH (A.M): These appeals in ITA No.1932/Mum/2020, 1933/Mum/2020 & 1934/Mum/2020 for A.Y.2015-16 preferred by the order against the revision order of the ld. Commissioner of Income Tax (Exemptions), Mumbai u/s.263 of the ....

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....arned CIT grossly erred in holding the assessment order to be erroneous even when the AO conducted necessary verification/ enquiry in the course of assessment regarding 13(l)(c), 13(l)(d), 13(2)(h) of the Act and on the issue of control over affairs of Tata Sons Limited and passed the order considering the details furnished by the Appellant 4) The CIT(E) erred in holding that the AO has f....

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.....2014-15 in the context of revision proceedings u/s.263 of the Act, wherein this Tribunal had quashed entire revision proceedings u/s.263 of the Act. We find that the decision rendered by this Tribunal for A.Y.2014-15 are as under:- a) Sir Ratan Tata Trust - ITA No.3757/Mum/2019 dated 28/12/2020 b) Sir Dorabji Tata Trust - ITA No.3909/Mum/2019 dated 28/12/2020 to be read with cor....