ITO v. Electro Ferro Alloys Ltd.

25 Taxmann.com 458Reported decision2012#7367 most cited
15

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2016 to 2024.

Issues it is cited on

beneficial ownersection 32personcompanysection 143(3)businessinterest

Judgments citing ITO v. Electro Ferro Alloys Ltd.

MUKESH TRENDS LIFESTYLE LIMITED,AHMEDABAD vs. THE DY.CIT., CIRCLE-2(1)(2), AHMEDABAD

In the result, the appeal preferred by the assessee is allowed

ITA 828/AHD/2023[2017-18]Status: DisposedITAT Ahmedabad23 Feb 2024AY 2017-18

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 828/Ahd/2023 ("नधा"रण वष" / Assessment Year : 2017-18)

For Respondent: Shri Vipul Chavda, Sr. DR
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER & Ms. MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./I.T.A. No. 828/Ahd/2023 ("नधा"रण वष" / Assessment Year : 2017-18) Mukesh Trends Lifestyle The Dy. Commissioner of बनाम/ Limited Income Tax Vs. N.H. No. -8, Narol-Naroda Circle - 2(1)(2), Road, Narol, Ahmedabad – Ahmedabad 382405 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AABCM0500F (Appellant) .. (Respondent) Shri Vihar Soni, AR अपीलाथ" ओर से /Appellant by : ""यथ" क" ओर से/Respondent by : Shri Vipul Chavda, Sr. DR Date of Hearing 20/02/2024 Date of Pronouncement…

M/S SUNSHINE COMMUNICATION PVT LTD ,MUMBAI vs. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-5(4), MUMBAI

In the result, the appeal of the assessee is allowed partly

ITA 1294/MUM/2022[2013-2014]Status: DisposedITAT Mumbai17 Oct 2022AY 2013-2014

Bench: Shri Amit Shukla () & Shri Om Prakash Kant () Assessment Year: 2013-14 M/S Sunshine Communication Asst. Cit, Central Circle-5(4), Pvt. Ltd., Room No. 1927, 19Th Floor, Air 1St Floor, Capri, Anant Kanekar Vs. India Building, Nariman Point, Marg, Bandra (E), Mumbai-400021. Mumbai-400051. Pan No. Aadcs 4276 L Appellant Respondent Assessee By : Mr. Nimesh Thar, Ar Revenue By : Mr. Chetan M. Kacha, Dr Date Of Hearing : 08/09/2022 Date Of Pronouncement : 17/10/2022

For Appellant: Mr. Nimesh Thar, ARFor Respondent: Mr. Chetan M. Kacha, DR
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “B” MUMBAI BEFORE SHRI AMIT SHUKLA (JUDICIAL MEMBER) AND SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) Assessment Year: 2013-14 M/s Sunshine Communication Asst. CIT, Central Circle-5(4), Pvt. Ltd., Room No. 1927, 19th floor, Air 1st floor, Capri, Anant Kanekar Vs. India Building, Nariman Point, Marg, Bandra (E), Mumbai-400021. Mumbai-400051. PAN No. AADCS 4276 L Appellant Respondent Assessee by : Mr. Nimesh Thar, AR Revenue by : Mr. Chetan M. Kacha, DR Date of Hearing : 08/09/2022 Date of pronouncement : 17/10/2022 ORDER PER OM PRAKASH KANT, AM This appeal has been p…

SUNSHINE COMMUNICTION P.LTD,MUMBAI vs. ACIT CEN CIR 5(4), MUMBAI

In the result, he appeal filed by the assesse is partly allowed

ITA 2745/MUM/2017[2012-13]Status: DisposedITAT Mumbai13 Jul 2022AY 2012-13

Bench: Shri Prashant Maharishi, Accountat Member & Shri Pavan Kumar Gadales Rifaur M/S Sunshine Vs. Acit, Cc-5(4), Communication Pvt Ltd, Parimal Chambers, Thar & Co, 203, Capri Lalbaug, Bldg, Opp Hdil Towers Mumbai-400012. Anant Kanekar Marg, Bandra (E) Mumbai - 400051. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadcs4276L Appellant .. Respondent Appellant By : Shri Nimesh Thar.Ar Respondent By : Shri S.Anbuselvam.Dr Date Of Hearing 14.07.2022 Date Of Pronouncement 25.07.2022 आदेश / O R D E R Per Pavan Kumar Gadale, Jm: The Assessee Has Filed The Appeal Against The Order Of The Commissioner Of Income Tax (Appeals)-53, Mumbai Passed U/S 143(3) & 250 Of The Act. The Assessee Has Raised The Following Grounds Of Appeal:

For Appellant: Shri Nimesh Thar.ARFor Respondent: Shri S.Anbuselvam.DR
Section 143(1)Section 143(2)Section 143(3)Section 14ASection 244ASection 43B

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, ACCOUNTAT MEMBER & SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER S RIFAUR M/s Sunshine Vs. ACIT, CC-5(4), Communication Pvt Ltd, Parimal Chambers, Thar & Co, 203, Capri Lalbaug, Bldg, Opp HDIL Towers Mumbai-400012. Anant Kanekar Marg, Bandra (E) Mumbai - 400051. "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AADCS4276L Appellant .. Respondent Appellant by : Shri Nimesh Thar.AR Respondent by : Shri S.Anbuselvam.DR Date of Hearing 14.07.2022 Date of Pronouncement 25.07.2022 आदेश / O R D E R PER PAVAN KUMAR GADALE, JM: The assessee has f…

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-8, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 187/AHD/2020[2011-12]Status: DisposedITAT Ahmedabad06 May 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’A’’BENCH, AHMEDABAD (CONDUCTED THROUGH VIRTUAL COURT AT AHMEDABAD) BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER Sr. Asstt. Name of Name of ITA No. No. Year Appellant Respondent Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, Vasna Bus Stop, Dr. A.C.I.T.,(OSD) Jivraj Mehta Circle-8, 1. No.1320/Ahd/2014 2009-10 Hospital, Vasana, Ahmedabad Ahmedabad- 380007. PAN:AAFCS5613R Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, D.C.I.T.,(OSD) Vasna Bus Stop, Dr. Ci…

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-4(1)(1),, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 2557/AHD/2017[2012-13]Status: DisposedITAT Ahmedabad06 May 2022AY 2012-13

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’A’’BENCH, AHMEDABAD (CONDUCTED THROUGH VIRTUAL COURT AT AHMEDABAD) BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER Sr. Asstt. Name of Name of ITA No. No. Year Appellant Respondent Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, Vasna Bus Stop, Dr. A.C.I.T.,(OSD) Jivraj Mehta Circle-8, 1. No.1320/Ahd/2014 2009-10 Hospital, Vasana, Ahmedabad Ahmedabad- 380007. PAN:AAFCS5613R Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, D.C.I.T.,(OSD) Vasna Bus Stop, Dr. Ci…

THE DCIT, CIRCLE-8,, AHMEDABAD vs. SHIVAM WATER TREATERS PVT. LTD.,, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 1447/AHD/2014[2009-10]Status: DisposedITAT Ahmedabad06 May 2022AY 2009-10

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’A’’BENCH, AHMEDABAD (CONDUCTED THROUGH VIRTUAL COURT AT AHMEDABAD) BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER Sr. Asstt. Name of Name of ITA No. No. Year Appellant Respondent Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, Vasna Bus Stop, Dr. A.C.I.T.,(OSD) Jivraj Mehta Circle-8, 1. No.1320/Ahd/2014 2009-10 Hospital, Vasana, Ahmedabad Ahmedabad- 380007. PAN:AAFCS5613R Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, D.C.I.T.,(OSD) Vasna Bus Stop, Dr. Ci…

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE ACIT, (OSD), CIRCLE-8,, AHMEDABAD

In the result appeal of the assessee is partly allowed for statistical purposes

ITA 1320/AHD/2014[2009-10]Status: DisposedITAT Ahmedabad06 May 2022AY 2009-10

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’A’’BENCH, AHMEDABAD (CONDUCTED THROUGH VIRTUAL COURT AT AHMEDABAD) BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER Sr. Asstt. Name of Name of ITA No. No. Year Appellant Respondent Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, Vasna Bus Stop, Dr. A.C.I.T.,(OSD) Jivraj Mehta Circle-8, 1. No.1320/Ahd/2014 2009-10 Hospital, Vasana, Ahmedabad Ahmedabad- 380007. PAN:AAFCS5613R Shivam Water Treaters Pvt. Ltd., Shivam House, Parshana Padmavati, D.C.I.T.,(OSD) Vasna Bus Stop, Dr. Ci…

THE ACIT, CIRCLE-5,, AHMEDABAD vs. M/S. RECKITT BENCKISER HEALTHCARE INDIA LTD.,, HARYANA

In the result, both the appeals of the revenue are dismissed

ITA 1780/AHD/2015[2010-11]Status: DisposedITAT Ahmedabad16 Mar 2022AY 2010-11

Bench: Us, The Revenue Has Raised Following Grounds Of Appeal:- “1. The Ld. Cit(A) Has Erred In Law & On Facts In Deleting The Disallowance Of Rs. 21,56,490/- Made On Account Of Product Registration Expense & Not Considering The Findings Of The Ao. 2. The Ld. Cit(A) Has Erred In Law & On Facts In Deleting The Addition Of Rs.30,08,17,258/- Made On Account Of Reduction Of The Claim U/S. 80Ic Of The Act.

For Appellant: Shri Dhinal Shah, A.RFor Respondent: Shri Anshu Prakash, CIT-D.R
Section 40Section 80I

…IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “B” BENCH (Conducted Through Virtual Court) Before: Shri P.M. Jagtap, Vice President And Shri Siddhartha Nautiyal, Judicial Member Assessment Year 2009-10 Add CIT, Range-5, M/s. Reckitt Benchiser Ahmedabad Healthcare India Ltd. RB (Appellant) Vs House, Plot No. 48, Institution Area, Sector-32, Gurgaon, Haryana-122001 PAN: AAACP9268J (Respondent) Assessment Year 2010-11 ACIT, M/s. Reckitt Benchiser Cir-5, Healthcare India Ltd. RB Ahmedabad Vs House, (Appellant) Plot No. 48, Institution Area, Sector-32, Gurgaon, Haryana-122001 PAN: AAACP9268J (Respondent) Ass…

THE ADDL.CIT, RANGE-5,, AHMEDABAD vs. M/S. RECKITT BENCKISER HEALTHCARE INDIA LTD.,, HARYANA

In the result, both the appeals of the revenue are dismissed

ITA 1366/AHD/2015[2009-10]Status: DisposedITAT Ahmedabad16 Mar 2022AY 2009-10

Bench: Us, The Revenue Has Raised Following Grounds Of Appeal:- “1. The Ld. Cit(A) Has Erred In Law & On Facts In Deleting The Disallowance Of Rs. 21,56,490/- Made On Account Of Product Registration Expense & Not Considering The Findings Of The Ao. 2. The Ld. Cit(A) Has Erred In Law & On Facts In Deleting The Addition Of Rs.30,08,17,258/- Made On Account Of Reduction Of The Claim U/S. 80Ic Of The Act.

For Appellant: Shri Dhinal Shah, A.RFor Respondent: Shri Anshu Prakash, CIT-D.R
Section 40Section 80I

…IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “B” BENCH (Conducted Through Virtual Court) Before: Shri P.M. Jagtap, Vice President And Shri Siddhartha Nautiyal, Judicial Member Assessment Year 2009-10 Add CIT, Range-5, M/s. Reckitt Benchiser Ahmedabad Healthcare India Ltd. RB (Appellant) Vs House, Plot No. 48, Institution Area, Sector-32, Gurgaon, Haryana-122001 PAN: AAACP9268J (Respondent) Assessment Year 2010-11 ACIT, M/s. Reckitt Benchiser Cir-5, Healthcare India Ltd. RB Ahmedabad Vs House, (Appellant) Plot No. 48, Institution Area, Sector-32, Gurgaon, Haryana-122001 PAN: AAACP9268J (Respondent) Ass…

SAGAR POWERTEX PVT. LTD. (EARLIER SAGAR AGENCIES PVT.LTD.),AHMEDABAD vs. THE JT.CIT, RANGE-8,, AHMEDABAD

In the result, the appeal of the assessee is partly allowed statistical purposes

ITA 304/AHD/2014[2009-10]Status: DisposedITAT Ahmedabad22 Jun 2021AY 2009-10

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No.304/Ahd/2014 िनधा"रण वष"/Asstt. Year: 2009-2010 Sagar Powertex Pvt. Ltd., J.C.I.T., (Earlier Sagar Agencies Pvt. Ltd.) Vs. Range-8, 803, Sahajanand Complex, Ahmedabad. Shahibaug Road, Shahiibaug Ahmedabad-380004. Pan: Aadcs0473P

For Appellant: Shri Manish J. Shah, A.RFor Respondent: Shri R.R. Makwana, Sr.D.R
Section 14ASection 40Section 80Section 80I

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’ B’’ BENCH, AHMEDABAD (CONDUCTED THROUGH VIRTUAL COURT AT AHMEDABAD) BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER And Ms MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./ITA No.304/AHD/2014 िनधा"रण वष"/Asstt. Year: 2009-2010 Sagar Powertex Pvt. Ltd., J.C.I.T., (Earlier Sagar Agencies Pvt. Ltd.) Vs. Range-8, 803, Sahajanand Complex, Ahmedabad. Shahibaug Road, Shahiibaug Ahmedabad-380004. PAN: AADCS0473P (Applicant) (Respondent) Assessee by : Shri Manish J. Shah, A.R Revenue by : Shri R.R. Makwana, Sr.D.R सुनवाई क" तारीख/Date of Hearing : 06/…

ASIAN MILLS PVT.LTD.,,AHMEDABAD vs. THE ADDL.CIT, RANGE-1,,, AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 1397/AHD/2015[2011-12]Status: DisposedITAT Ahmedabad02 Mar 2021AY 2011-12

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No. 1397/Ahd/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 Asian Mills Pvt. Ltd., A.C.I.T., 104, Sakar Iii, Vs. Range-1, Opp. Old High Court, Ahmedabad. Ashram Road, Ahmedabad-380014. Pan: Aabca8236G & आयकर अपील सं./Ita No. 1531/Ahd/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 D.C.I.T., Asian Mills Pvt. Ltd., Circle-1(1)(1), Vs. 104, Sakar Iii, Ahmedabad. Opp. Old High Court, Ashram Road, Ahmedabad-380014. Pan: Aabca8236G

For Appellant: Shri S.N. Soparkar, Sr. Advocate with Shri Parin Shah, A.RFor Respondent: Shri R.R. Makwana, Sr.D.R
Section 194Section 194CSection 194C(6)Section 194C(7)Section 40Section 6Section 7

…आयकर अपील"य अ"धकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’ B’’ BENCH, AHMEDABAD (CONDUCTED THROUGH VIRTUAL COURT AT AHMEDABAD) BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER And Ms MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./ITA No. 1397/AHD/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 Asian Mills Pvt. Ltd., A.C.I.T., 104, Sakar III, Vs. Range-1, Opp. Old High Court, Ahmedabad. Ashram Road, Ahmedabad-380014. PAN: AABCA8236G And आयकर अपील सं./ITA No. 1531/AHD/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 D.C.I.T., Asian Mills Pvt. Ltd., Circle-1(1)(1), Vs. 104, Sakar III, Ahmedabad. Opp. Old High Court, Ash…

THE DCIT, CIRCLE-1(3), AHMEDABAD vs. EDELWEISS BROKING LTD., AHMEDABAD

In the result, the appeal filed by the Revenue is dismissed

ITA 446/AHD/2016[2012-13]Status: DisposedITAT Ahmedabad01 Dec 2020AY 2012-13

Bench: Shri Justice P.P. Bhatt, Hon’Ble & Shri Waseem Ahmed

For Respondent: Shri Dileep Kumar, Sr. DR
Section 143(3)Section 14ASection 32Section 36Section 36(2)Section 37Section 48Section 73

…आयकर अपील"य अ"धकरण, अहमदाबाद। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, AHMEDABAD (THROUGH VIRTUAL COURT) BEFORE SHRI JUSTICE P.P. BHATT, HON’BLE PRESIDENT And SHRI WASEEM AHMED, ACCOUNTANT MEMBER Sl. ITA No(s) Asset. Appeal(s) by No(s) Year(s) Appellant vs. Respondent Appellant Respondent 1. 413/Ahd/2016 2010-11 DCIT Edelweiss Financial Circle-1(3), Advisors Ltd. Ahmedabad-380015 [Formerly Known Anagram Stock Broking Ltd] ‘Anagram House’ Near H. L. Commerce College, Stadium Road, Navrangpura, Ahmedabad-380009 PAN No. AABCA9956F 2. 445/Ahd/2016 2012-13 DCIT Edelweiss Financial Circle-1(3), Advisors Ltd.…

THE DCIT, CIRCLE-1(3), AHMEDABAD vs. EDELWEISS FINANCIAL ADVISORS LTD., ( FORMERLY KNOWN ANAGRAM STOCK BROKING LTD.,), AHMEDABAD

In the result, the appeal filed by the Revenue is dismissed

ITA 445/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad01 Dec 2020AY 2011-12

Bench: Shri Justice P.P. Bhatt, Hon’Ble & Shri Waseem Ahmed

For Respondent: Shri Dileep Kumar, Sr. DR
Section 143(3)Section 14ASection 32Section 36Section 36(2)Section 37Section 48Section 73

…आयकर अपील"य अ"धकरण, अहमदाबाद। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, AHMEDABAD (THROUGH VIRTUAL COURT) BEFORE SHRI JUSTICE P.P. BHATT, HON’BLE PRESIDENT And SHRI WASEEM AHMED, ACCOUNTANT MEMBER Sl. ITA No(s) Asset. Appeal(s) by No(s) Year(s) Appellant vs. Respondent Appellant Respondent 1. 413/Ahd/2016 2010-11 DCIT Edelweiss Financial Circle-1(3), Advisors Ltd. Ahmedabad-380015 [Formerly Known Anagram Stock Broking Ltd] ‘Anagram House’ Near H. L. Commerce College, Stadium Road, Navrangpura, Ahmedabad-380009 PAN No. AABCA9956F 2. 445/Ahd/2016 2012-13 DCIT Edelweiss Financial Circle-1(3), Advisors Ltd.…

M/S. EDELWEISS BROKING LTD. ( AMALGAMATING COMPANY EDELWEISS FINANCIAL ADVISORS LTD.),AHMEDABAD vs. THE JT. CIT, RANGE-3,, AHMEDABAD

In the result, the appeal filed by the Revenue is dismissed

ITA 318/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad01 Dec 2020AY 2011-12

Bench: Shri Justice P.P. Bhatt, Hon’Ble & Shri Waseem Ahmed

For Respondent: Shri Dileep Kumar, Sr. DR
Section 143(3)Section 14ASection 32Section 36Section 36(2)Section 37Section 48Section 73

…आयकर अपील"य अ"धकरण, अहमदाबाद। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, AHMEDABAD (THROUGH VIRTUAL COURT) BEFORE SHRI JUSTICE P.P. BHATT, HON’BLE PRESIDENT And SHRI WASEEM AHMED, ACCOUNTANT MEMBER Sl. ITA No(s) Asset. Appeal(s) by No(s) Year(s) Appellant vs. Respondent Appellant Respondent 1. 413/Ahd/2016 2010-11 DCIT Edelweiss Financial Circle-1(3), Advisors Ltd. Ahmedabad-380015 [Formerly Known Anagram Stock Broking Ltd] ‘Anagram House’ Near H. L. Commerce College, Stadium Road, Navrangpura, Ahmedabad-380009 PAN No. AABCA9956F 2. 445/Ahd/2016 2012-13 DCIT Edelweiss Financial Circle-1(3), Advisors Ltd.…

MEHTA EQUITIES LTD,MUMBAI vs. ASST CIT 4(2), MUMBAI

Appeal of the assessee is allowed

ITA 570/MUM/2015[2010-11]Status: DisposedITAT Mumbai21 Sept 2016AY 2010-11

Bench: Shri C.N. Prasad () & Shri Ashwani Taneja ()

Section 143(3)

…sessee is de-facto owner of the asset, then the claim of depreciation shall be allowed to the assessee:- 1. Mysore Minerals (1999) 106 Taxman 166 (SC) 2. Navdurga Transport Co 149 CTR 219 3. Dilip SinghSardarsingh Bagga 201 ITR 995 4. Electro Ferro Alloys Ltd 25 Taxmann.com 458 (Ahd) 5. Aravali Finlease Ltd 341 ITR 383 (Guj) 6. Basti Sugar Mills Co Ltd 257 ITR 88 (Del) 13. In view of the above said legal position and facts of the case, Ld Counsel requested for allowing the claim of depreciation. 14. It was also submitted by the Ld. Counsel that the car was purchased in earlier year and this is the second year.…

ITO v. Electro Ferro Alloys Ltd. (25 Taxmann.com 458) — Cited in 15 Judgments | BharatTax