Shri Ram Builders v. ACIT, OSD

M/S Deora Electric Works, Allahabad vs. Dy. Commissioner of Income Tax, Circle -1, Allahabad

In the result, both appeals i

…able and liable to be annulled. For this proposition, he relied upon the following decisions:- i. CIT vs. Kelvinator of India 320 ITR 561 (SC) ii. Shri Ram Builders vs. ACIT, OSD 2015 377 ITR 631 (Gujarat). iii. N.K. Roadways Private Limited vs. ITO, OSD 2014 362 ITR 522 (Gujarat). iv. P.C. Patel and Co. vs. DCIT (2015) 379 ITR 151 (Gujarat). v. PCIT vs. G & G Pharma Ltd, 2016 384 ITR 147 (Delhi). Accordingly, he prayed that on the basis of the aforesaid, the assessment framed against the assessee under section 147 / 143(3) was not correct and it was liable to be annulled. In arguing against the Departmental appe…

Dy. Commissioner of Income Tax, Circle -1, Allahabad vs. M/S Deora Electric Works, Allahabad

In the result, both appeals i

…able and liable to be annulled. For this proposition, he relied upon the following decisions:- i. CIT vs. Kelvinator of India 320 ITR 561 (SC) ii. Shri Ram Builders vs. ACIT, OSD 2015 377 ITR 631 (Gujarat). iii. N.K. Roadways Private Limited vs. ITO, OSD 2014 362 ITR 522 (Gujarat). iv. P.C. Patel and Co. vs. DCIT (2015) 379 ITR 151 (Gujarat). v. PCIT vs. G & G Pharma Ltd, 2016 384 ITR 147 (Delhi). Accordingly, he prayed that on the basis of the aforesaid, the assessment framed against the assessee under section 147 / 143(3) was not correct and it was liable to be annulled. In arguing against the Departmental appe…

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

…lied upon the following decisions: (a) Agricultural Produce Market Committee 63 DTR 7 (Guj) (b) Cadila Healthcare Ltd. 65 DTR 383 (Guj) (c) Gujarat Fluor Chemicals Ltd. 353 ITR 398 (Guj) (d) Jagat Jayantilal Parikh 355 ITR 400 (Guj) (e) N.K. Roadways (P) Ltd. 362 ITR 522 (Guj) (f) Shree Ram Builders 377 ITR 631 (Guj) (g) P.C. Patel & Co. 379 ITR 151 (Guj) (h) Sahajanand Medical Technologies (P) Ltd. 397 ITR 607 (Guj) (i) Eastern Medikit Ltd. 100 TTJ 382 (Del Trib) (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.…