GOLD FINCH JEWELLERY LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

In the result, the appeal filed by the Assessee is allowed

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

TDS. Thus, the assessee cannot be penalized if the laborers have raised the bills at the end of the accounting year. 16.10 We also note that the assessee has shown huge turnover from the sale of jewelry amounting to Rs 98.89 crores and against such sale the assessee has claimed Labour expenses only for Rs. 19,20,390/- only which

M/S.AARYAVART INFRASTRUCTURE PVT. LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1) PRESENTLY CENTRAL CIRCLE-1(3), AHMEDABAD

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

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.219/Ahd/2022 िनधा"रण वष" /Assessment Year : 2012-13 Aaryavart Infrastructure Pvt. Ltd. Dy.Cit बनाम/ Ff – 17/A, Pariseema Complex Circle-1(1)(1) V/S. C.G. Road Presently Cen. Cir.1(3) Navrangpura Ahmedabad Ahmedabad – 380 009 "थायी लेखा सं./Pan: Aadca 4844 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Aseem Thakkar, Ar Revenue By : Shri Kavan Limbasiya, Sr. Dr सुनवाई की तारीख/Date Of Hearing : 07/03/2025 घोषणा की तारीख /Date Of Pronouncement: 11/03/2025 आदेश/O R D E R Per Makarand V. Mahadeokar, Am: This Appeal Has Been Preferred By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-11, Ahmedabad [Hereinafter Referred To As “Cit(A)”], Dated 30.03.2022, For The Assessment Year (Ay) 2012-13, Whereby The Cit(A) Has Confirmed The Additions Made By The Assessing Officer [Hereinafter Referred To As “Ao”] Under Section 68 Of The Income Tax Act, 1961 [Hereinafter Referred To As “The Act”]. Aaryavart Infrastructure Pvt.Ltd. Vs. Dcit Asst. Year : 2012-13

269/- under Section 40(a)(ia) of the Act, on account of non-deduction of TDS on financial charges paid

THE ITO, WARD-2(1)(2),, AHMEDABAD vs. KRONE FINSTOCK PVT. LTD.,, AHMEDABAD

In the result, appeal filed by the revenue is allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Mahavir Prasadआयकर अपील सं./I.T.A. No.2917/Ahd/2015 ("नधा"रण वष" / Assessment Year : 2012-13) The Income Tax Krone Finstock Pvt. Ltd., बनाम/ Officer, “Monarch House” Vs. Ward-2(1)(2), Opp: Ishwar Bhuwan, Ahmedabad Nr. Commerce Six Road, Navrangpura, Ahmedabad – 380 009 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacck 9850 B .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Shri T. Sankar, Sr. D.R. अपीलाथ" ओर से / Appellant By : ""यथ" क" ओर से/Respondent By : Shri S. N. Divatia, A.R.

section 40A(2)(b) of the I. T. Act, 1961. It was also observed that assessee company have its client base in Ahmedabad since long and there was no reason to utilise the infrastructure facility of Monarch Research and Brokerage Pvt. Ltd. and Monarch Project and Finmarkets Ltd., Guregaon, situated outside Ahmedabad. As per the MOU agreement which was executed

M/S. BODAL CHEMICALS LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-1, AHMEDABAD

In the result, the appeals being IT(SS)A No

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

TDS at Rs. 1,46,141/- and addition in respect of bad debt of Rs. 10,60,667/-. Thereafter, the assessee filed appeal before the CIT(A). After giving effect to CIT(A) order total income was reduced to Rs. nil after setting off of unabsorbed depreciation of Rs. 3,06,93,299/-. 3.3 The case of the assessee

THE ACIT, CIRCLE- 4,, BARODA vs. TYCO VALVES & CONTROLS (INDIA) PVT. LTD., BARODA

In the result, ITA No.1312/Ahd/2012 is dismissed

Bench: Shri Rajpal Yadav & Shri Pradipkumar Kedia

section 92CA(2) of the Act and questionnaire to the assessee. He noticed the following international transactions: Description of the transactions Amt. paid (in INR) Sr. Amt. recd NO. (in INR) ITA No.1309/Ahd/2012 and 2 Others 6 1 Import of raw materials, parts etc 1,40,703,162 - 2 Import of finished goods for resale 57,198,135 - 3 Export

TYCO VALVES & CONTROLS (INDIA) PVT. LTD.,BARODA vs. THE DY.CIT, CIRCLE- 4,, BARODA

In the result, ITA No.1312/Ahd/2012 is dismissed

Bench: Shri Rajpal Yadav & Shri Pradipkumar Kedia

section 92CA(2) of the Act and questionnaire to the assessee. He noticed the following international transactions: Description of the transactions Amt. paid (in INR) Sr. Amt. recd NO. (in INR) ITA No.1309/Ahd/2012 and 2 Others 6 1 Import of raw materials, parts etc 1,40,703,162 - 2 Import of finished goods for resale 57,198,135 - 3 Export

PENTAIR VALVES & CONTROLS INDIA PVT. LTD.( FORMERLY KNOWN AS TYCO VALVES & CONTROLS INDIA PVT. LTD.),BARODA vs. THE ACIT, CIRCLE- 4,, BARODA

In the result, ITA No.1312/Ahd/2012 is dismissed

Bench: Shri Rajpal Yadav & Shri Pradipkumar Kedia

section 92CA(2) of the Act and questionnaire to the assessee. He noticed the following international transactions: Description of the transactions Amt. paid (in INR) Sr. Amt. recd NO. (in INR) ITA No.1309/Ahd/2012 and 2 Others 6 1 Import of raw materials, parts etc 1,40,703,162 - 2 Import of finished goods for resale 57,198,135 - 3 Export

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GHCL LIMITED, AHMEDABAD

section 36(1)(iii) can only be allowed on the interest if the assessee borrows capital for its own business. Hence, it was held that interest on the borrowed amount could not be allowed if such amount had been advanced to a subsidiary company of the assessee. With respect, we are of the opinion that the view taken

GHCL LIMITED,AHMEDABAD vs. THE DY.CIT., CIRCLE-4,, AHMEDABAD

section 36(1)(iii) can only be allowed on the interest if the assessee borrows capital for its own business. Hence, it was held that interest on the borrowed amount could not be allowed if such amount had been advanced to a subsidiary company of the assessee. With respect, we are of the opinion that the view taken

RUSHIL INDUSTRIES LTD.,,BHAVNAGAR vs. THE ACIT, CIRCLE-1,, BHAVNAGAR

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

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 3285/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2010-2011 M/S Rushil Industries Ltd., The A.C.I.T, D-202, Sarthik Complex, Vs. Circle-1, Bhavnagar. Atabhai Chowk, Bhavnagar.

TDS etc. Asstt. Year 2010-11 9 20. During the year debtors increased by Rs. 4,91,16,862/- which shows ship sold but cash of the appellant was blocked with the debtors, net fixed assets also increased by Rs. 53,24,118/- and an increased amount of Rs. 4,22,93,734/- was also lying in the bank account