Nagarjuna Construction Co. Ltd. (NCCL) v. DCIT

159 Taxmann.com 538Income Tax Appellate Tribunal#6262 most cited

What is Nagarjuna Construction Co. Ltd. (NCCL) v. DCIT authority for?

The discount on the issue of ESOPs, calculated as the difference between the grant price and the market price of shares on the date of grant, is an allowable deduction under Section 37(1) of the Income Tax Act.

18

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2024 to 2025.

Also referred to as

Nagarjuna Construction Co. Ltd. v. DCIT · 159 Taxmann.com 538 · ITAT Hyderabad · Section 37(1) · ESOP compensation expenditure · discount on ESOPs · grant price · market price · allowable deduction

Sections most often in play

Section 80IA(4)

Issues it is cited on

section 2(15a)rule 8d disallowancesection 100section 80g(1)section 80g(2)(a)section 80g(2)section 135strategic investmentcsr expendituresection 14a(2)interest on securitiessection 37(1)

Judgments citing Nagarjuna Construction Co. Ltd. (NCCL) v. DCIT

JCIT OSD Circle 2(3)(1), Mumbai vs. Hdfc Bank Limited, Mumbai

In the result, both the above stated appeals of the

ITA 2260/MUM/2025[2021-22]Status: DisposedITAT Mumbai06 Oct 2025AY 2021-22

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Yogesh Thar, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax - 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra Appellant/अपीलार्थी .. Respondent/प्रतिवादी स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/20…

JCIT(OSD) Circle 2(3)(1), Mumbai vs. Hdfc Bank Limited, Mumbai

In the result, both the above stated appeals of the

ITA 2259/MUM/2025[2019-20]Status: DisposedITAT Mumbai06 Oct 2025AY 2019-20

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL“E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H Respondent/प्रतिवादी Appellant/अपीलार्थी .. ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/2025 (…

JCIT(OSD) Circle 2(3)(1), Mumbai vs. Hdfc Bank Limited, Mumbai

In the result, both the above stated appeals of the

ITA 2258/MUM/2025[2020-21]Status: DisposedITAT Mumbai06 Oct 2025AY 2020-21

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Yogesh Thar, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL“E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H Appellant/अपीलार्थी .. Respondent/प्रतिवादी ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/2025 (…

Hdfc Bank Limited, Mumbai vs. DCIT - 2 (3) (1), Mumbai

In the result, both the above stated appeals of the

ITA 1573/MUM/2025[2020-21]Status: DisposedITAT Mumbai06 Oct 2025AY 2020-21

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar

For Appellant: Shri Yogesh Thar, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 143(3)Section 144Section 14A

…IN THE INCOME-TAX APPELLATE TRIBUNAL“E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 1555/MUM/2025 (A.Y. 2019-20) ITA No. 1573/MUM/2025 (A.Y. 2020-21) HDFC Bank Limited v/s. Deputy Commissioner of HDFC Bank House, Senapati बनाम Income Tax 2(3)(1), Room Bapat Marg, Delisle Road S.O., Lower Parel, Mumbai-400013, Maharashtra No. 552, Aaykar Bhavan, New Marine Lines, Mumbai 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACH2702H Appellant/अपीलार्थी .. Respondent/प्रतिवादी ITA No. 2259/MUM/2025 (A.Y. 2019-20) ITA No. 2258/MUM/20…

ACIT., Circle-8(1), Hyderabad vs. Ncc Hes Jv, Madhapur

In the result, all the appeals of the Revenue are dismissed

ITA 688/HYD/2024[2018-19]Status: DisposedITAT Hyderabad11 Feb 2025AY 2018-19

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

For Appellant: Shri S. Ramarao, AdvocateFor Respondent: Ms. M. Narmada, CIT-DR
Section 115JSection 142(1)Section 143(2)Section 143(3)Section 80I

…आयकर अपीलीय अधिकरण, हैदराबाद पीठ में IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B”, HYDERABAD (Through Virtual Hearing) BEFORE SHRI LALIET KUMAR, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आ.अपी.सं / ITA Nos.682, 688 and 689/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2017-18, 2018-19 and 2020-21) The Assistant NCC HES JV, Commissioner of Income Vs. Madhapur, Tax, Circle 8(1), Hyderabad. Hyderabad. PAN : AACAN7266L अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee by: Shri S. Ramarao, Advocate. रधजस्‍व द्वधरध/Revenue by: Ms. M. Narmada, CIT-DR. सुिवधई की…

ACIT., Circle-8(1), Hyderabad vs. Ncc Hes Jv, Hyderabad

ITA 682/HYD/2024[2017-18]Status: DisposedITAT Hyderabad11 Feb 2025AY 2017-18
For Appellant: Shri S. Ramarao, AdvocateFor Respondent: Ms. M. Narmada, CIT-DR
Section 115JSection 142(1)Section 143(2)Section 143(3)Section 80I

…आयकर अपीलीय अधिकरण, हैदराबाद पीठ में IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B”, HYDERABAD (Through Virtual Hearing) BEFORE SHRI LALIET KUMAR, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आ.अपी.सं / ITA Nos.682, 688 and 689/Hyd/2024 (निर्धारण वर्ष / Assessment Years: 2017-18, 2018-19 and 2020-21) | The Assistant Commissioner of Income Tax, Circle 8(1), Hyderabad. Vs. NCC HES JV, Madhapur, Hyderabad. PAN : AACAN7266L अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती द्वारा/Assessee by: Shri S. Ramarao, Advocate. राजस्व द्वारा / Revenue by: Ms. M. Narmada, CIT-DR. सुनवाई की त…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 479/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 478/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2014-15

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 477/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2013-14

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Axis Bank Limited, Ahmedabad vs. The ACIT, Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 476/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2012-13

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Assistant Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 387/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Assistant Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 386/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2014-15

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

Assistant Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 385/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2012-13

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

ACIT, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ellisbridge

In the result, the appeal of the Department is dismissed

ITA 342/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad10 Sept 2024AY 2013-14

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

For Appellant: Shri Parimalsinh B Parmar, ARFor Respondent: Shri H. Phani, CIT.DR

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. Nos.476 to 479/Ahd/2024 (Assessment Years: 2012-13 to 2015-16) Axis Bank Limited, Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income-tax, Opp Samtheswar Mahadev, Circle 1(1)(1), Near Law Garden, Ahmedabad. Ellisbridge, Ahmedabad-380006. [PAN No.AAACU2414K] (Appellant) .. (Respondent) And I.T.A. Nos.385,386,387 & 342/Ahd/2024 (Assessment Years: 2012-13, 2014-15,2015-16 & 2013-14) Assistant Commissioner of Income- Vs. Axis Bank Limited, “Tr…

ACIT, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Limited, Ellisbridge

In the result, the appeal of the Department is dismissed

ITA 49/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2011-12

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

ACIT, Circle-1(1)(1), Ahmedabad, Vejalpur vs. Axis Bank Ltd, Elisbridge

In the result, the appeal of the Department is dismissed

ITA 48/AHD/2024[2010-11]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2010-11

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

Axis Bank Limited, Ahmedabad vs. The ACIT., Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 143/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2011-12

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

Axis Bank Limited, Ahmedabad vs. The ACIT., Circle-1(1)(1), Ahmedabad

In the result, the appeal of the Department is dismissed

ITA 142/AHD/2024[2010-11]Status: DisposedITAT Ahmedabad24 Jul 2024AY 2010-11

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Advocate & ShriFor Respondent: Dr. Darsi Suman Ratnam, CIT DR
Section 143(3)Section 14ASection 254

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER I.T.A. Nos.142&143/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Axis Bank Ltd., Vs. Assistant Commissioner of “Trishul”, 3rd Floor, Income Tax, Opp. Samtheshwar Mahadev, Circle-1(1)(1), Nr. Law Garden, Ellisbridge, Ahmedabad Ahmedabad-380006 [PAN No.AAACU2414K] (Appellant) .. (Respondent) I.T.A. Nos.48&49/Ahd/2024 (Assessment Years: 2010-11 & 2011-12) Assistant Commissioner of Income Vs. Axis Bank Ltd., “Trishul”, 3rd Floor, Tax, Circle-1(1)(1), Opp. Samtheshwa…

Nagarjuna Construction Co. Ltd. (NCCL) v. DCIT (159 Taxmann.com 538) — Cited in 18 Judgments | BharatTax