Rangamma Steels & Malleables v. Asst CIT

The Dy.CIT., Circle-1(1)(2), Surat vs. Gujarat Jhm Hotels Ltd., Surat

In the result, the grounds of appeal raised by the revenue are dismissed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) D.C.I.T. M/S Gujarat Jhm Hotels Ltd., Circle-1(1)(2), Hotel Holiday In, Near Ambica Vs. Surat. Niketan, Athwalines, Surat- 395001. Pan : Aaacg 8562 E Appellant Respondednt C.O. No. 02/Srt/2022 (Arising Out Of Ita No. 27/Srt/2017)(Ay: 2010-11) M/S Gujarat Jhm Hotels Ltd., D.C.I.T. Hotel Holiday In, Near Bharti Circle-1(1)(1), Vs. Park, Ambikaniketan, Surat. Athwalines, Surat-395007. Pan : Aaacg 8562 E Appellant Respondednt

…(j) Eastern Medikit Ltd. 153 Taxmann 48 (Del Trib)(Magazine) (k) Jindal Aluminium Ltd. 54 SOT 283 (Bang Trib) (l) Meera Cotton & Synthetics Mills Ltd. 29 SOT 177) (Mum Trib) (m) Sona Koyo Seering Systems Ltd. 35 DTR 273 (Del) (n) Rangamma Steels & Malleables 132 TTJ 365 (Che Trib) (o) Metal Powder Co Ltd. 51 Taxmann.co, 304 (Che Trib) 12. We have considered the rival submissions of both the parties and have gone through the orders of the authorities below carefully. We have also deliberated upon the various case laws relied by the ld. CIT(A) as well as by the ld. AR of the assessee. We find that the Assessing o…