MARUTI METAL INDUSTRIES,,BHAVNAGAR vs. THE JT. CIT, RANGE-1,, BHAVNAGAR

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

2,17,42,228/- and added to the total income of the assessee. I.T.A No. 2457/Ahd/2014 A.Y. 2010-11 Page No 7 Maruti Metal Industries vs. Joint CIT 8. Aggrieved assessee filed appeal before the ld. CIT(A). The ld. CIT(A) dismissed the appeal of the assessee. Relevant part of the decision of ld. CIT(A) is reproduced

THE DY.CIT, CENTRAL CIRCLE-1, VADODARA vs. PAWAN EDIFICE PVT. LTD., VADODARA

Appeals are partly allowed for\nstatistical reasons

2 - Charging of Notional interest on advances given to related\nparties / disallowance under section 36(1)(iii)\n30.\nFor A.Y. 2013–14, the Assessing Officer noted from the books of\naccount and details furnished that the assessee had advanced sums without\ncharging interest to the following parties: (i) Godiji Realty Pvt. Ltd. – Rs.\n2,45,00,000/-, (ii) Venugopal Infrastructure

THE ITO, WARD-2(1)(1),, AHMEDABAD vs. M/S. GUJARAT TERCE LABORATORIES LTD.,, AHMEDABAD

The appeal of the Revenue are allowed

III v. Sathyanarayan P. Rathi [2013] 38 taxmann.com 402 (Gujarat) "Revenue is in appeal against the judgment and order of the Tribunal dated 10.02.2012. Following question has been raised for our consideration: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in restricting the disallowance to the extent

THE ACIT, CIRCLE-2(1)(1),, AHMEDABAD vs. M/S. GUJARAT TERCE LABORATORIES LTD.,, AHMEDABAD

The appeal of the Revenue are allowed

III v. Sathyanarayan P. Rathi [2013] 38 taxmann.com 402 (Gujarat) "Revenue is in appeal against the judgment and order of the Tribunal dated 10.02.2012. Following question has been raised for our consideration: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in restricting the disallowance to the extent

THE ITO, WARD-2(1)(1),, AHMEDABAD vs. M/S. GUJARAT TERCE LABORATORIES LTD.,, AHMEDABAD

The appeal of the Revenue are allowed

III v. Sathyanarayan P. Rathi [2013] 38 taxmann.com 402 (Gujarat) "Revenue is in appeal against the judgment and order of the Tribunal dated 10.02.2012. Following question has been raised for our consideration: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in restricting the disallowance to the extent

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

THE ACIT, CIRCLE-3,, AHMEDABAD vs. KIFS SECURITIES LIMITED,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

DY.COMMISSIONER OF INCOME TAX CIRCLE-1(3),, AHMEDABAD vs. KIFS PVT.LTD.,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

THE DY. CIT., CIRCLE-3,, AHMEDABAD vs. KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

KIFS SECURITIES PVT. LTD.,AHMEDABAD vs. THE ACIT, CIRCLE-1(3), AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3), AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3),, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

17. We have heard rival contentions and perused the records placed before us. The issue for adjudication before us relates to disallowance u/s 14A for the proportionate interest computed under Rule 8D(2)(ii) of the I.T. Rules. Interest disallowance of Rs.10.78 lacs, Rs.10.96 lacs and Rs.35.20 lacs for Assessment Years 2010-11 to 2012-13 respectively

SHRI PRAVIN SHIVLAL SHAH,,VADODARA vs. THE ITO, WARD-5(3),, BARODA

In the result, both the appeals filed by the Assessee is partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed)

section 147 of the Act, for which the assessment needs to be re-opened by issuing notice us. 148 of the Act." 2. The assessee, has not filed any return in response to the said notice. Therefore, notice u/s. 142(1) of the I.T.Act dated 12.8.2013 along with a detailed questionnaire has been issued and duly served upon the assessee

JCIT(OSD), CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. DEVRAJ INFRASTRUCTURE LTD.,, AHMEDABAD

In the result, all three appeals of revenue are dismissed

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyanisl.

section uses the words “derived from” as against “attributable to”. The Ld. AO observed that the words “derived from” are much narrower than the words “attributable to” and the benefit of deduction is available in respect of the income of the first degree only. Placing reliance on Pandian Chemicals Ltd. 262 ITR 278 (SC) and Sterling Foods

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. DEVRAJ INFRASTRUCTURE LTD.,, AHMEDABAD

In the result, all three appeals of revenue are dismissed

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyanisl.

section uses the words “derived from” as against “attributable to”. The Ld. AO observed that the words “derived from” are much narrower than the words “attributable to” and the benefit of deduction is available in respect of the income of the first degree only. Placing reliance on Pandian Chemicals Ltd. 262 ITR 278 (SC) and Sterling Foods

M/S. GSP CROP SCIENCE PVT. LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

In the result, both the appeals of the assessee are partly allowed

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

2) The Learned Assessing Officer and Hon. CIT (A) have erred in law and on facts in making and confirming addition of Rs.62,08,914/- holding as bogus purchases disregarding the submissions of the Assessee. 9. As is evident from the perusal of the above ground the assessee is aggrieved by the confirmation of disallowance of bogus purchases

M/S. GSP CROP SCIENCE PVT. LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

In the result, both the appeals of the assessee are partly allowed

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

2) The Learned Assessing Officer and Hon. CIT (A) have erred in law and on facts in making and confirming addition of Rs.62,08,914/- holding as bogus purchases disregarding the submissions of the Assessee. 9. As is evident from the perusal of the above ground the assessee is aggrieved by the confirmation of disallowance of bogus purchases

DCIT, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMACEUTICALS INDUSTRIES LTD. , BARODA

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

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

bogus purchases based on the information received from Department of Sales Tax, Maharashtra without considering the evidences and explanations provided by the Appellant and without giving the basis for such allegations and an opportunity to cross examine the defaulting parties to the Appellant. ITA No. 1462, 1463, 1519 & 1520/Ahd/2018 [Sun Pharma Laboratories