PAWAN EDIFICE PVT. LTD.,VADODARA vs. THE DY.CIT, CIRCLE-2(1)(2), VADODARA

Appeals are partly allowed for\nstatistical reasons

26,981/- for A.Y. 2013-14\nand Rs.8,04,000/- for A.Y. 2014-15, holding that the assessee failed to\nestablish the business nexus of such advances. The learned CIT(A) has\nconfirmed the disallowances essentially on the ground that the supporting\nagreements and other evidences were either defective or absent, and no\nproof of payment or business necessity

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

Appeals are partly allowed for\nstatistical reasons

26,981/- for A.Y. 2013-14\nand Rs.8,04,000/- for A.Y. 2014-15, holding that the assessee failed to\nestablish the business nexus of such advances. The learned CIT(A) has\nconfirmed the disallowances essentially on the ground that the supporting\nagreements and other evidences were either defective or absent, and no\nproof of payment or business necessity

DCIT CIRCLE-3(3), AHMEDABAD vs. SHRI ALPESHKUMAR C.PATEL, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1908/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 Alpeshkumar C. Patel, A.C.I.T., 503, Milestone Building, Vs. Circle-3(3), Drive In Road, Ahmedabad. Thaltej, Ahmedabad-380052. Pan: Aeapp9489G

iii) above, it is seen that the Appellant has constructed residential house at 2, Nirant Park, Ahmedabad out of the capital gain on sale of immovable properties. The appellant has claimed deduction u/s 54F of the Act against the said capital gain. The appellant has contended further that the A.O. has rejected the claim under section

N.K. INDUSTRIES LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-3(1)(1), AHMEDABAD

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B.R.R. Kumarms. Suchitra Kamble

bogus. The loss represents the interest expenses represented by trading loss and therefore the loss claimed is genuine having regard to the facts and circumstances of the case. The Ld.AR submitted that the funds received from NKPL are utilized for the purpose of making payment for purchases from suppliers. The funds utilized are for the purpose of business and, therefore

THE DY.CIT, CIRCLE-3(1)(1)., AHMEDABAD vs. N.K. INDUSTRIES LTD., AHMEDABAD

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B.R.R. Kumarms. Suchitra Kamble

bogus. The loss represents the interest expenses represented by trading loss and therefore the loss claimed is genuine having regard to the facts and circumstances of the case. The Ld.AR submitted that the funds received from NKPL are utilized for the purpose of making payment for purchases from suppliers. The funds utilized are for the purpose of business and, therefore

THE DY.CIT, CIRCLE-3(1)(1)., AHMEDABAD vs. N.K. INDUSTRIES LTD., AHMEDABAD

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B.R.R. Kumarms. Suchitra Kamble

bogus. The loss represents the interest expenses represented by trading loss and therefore the loss claimed is genuine having regard to the facts and circumstances of the case. The Ld.AR submitted that the funds received from NKPL are utilized for the purpose of making payment for purchases from suppliers. The funds utilized are for the purpose of business and, therefore

N.K. INDUSTRIES LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-3(1)(1), AHMEDABAD

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B.R.R. Kumarms. Suchitra Kamble

bogus. The loss represents the interest expenses represented by trading loss and therefore the loss claimed is genuine having regard to the facts and circumstances of the case. The Ld.AR submitted that the funds received from NKPL are utilized for the purpose of making payment for purchases from suppliers. The funds utilized are for the purpose of business and, therefore

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD) RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

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

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. DY. COMMISSIONER OF INCOME TAX,(OSD),, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

26. As regards Ground No. 6 of Revenue’s appeal relating to allowing depreciation on Plant and Machinery, the Ld. D.R. relied upon the assessment order and submitted that if the Plant and Machinery have been put to use either the operational income would have been incurred of sub-contractor and equipment hiring charges would have reduced while the same

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.

1, 2 and 3 of Assessment-Year 2012-13. ITA Nos.1607/Ahd/2018, 1359/Ahd/2017& 2441/Ahd/2017 & Devraj Infrastructure Ltd. vs. DCIT/JCIT AYs – 2010-11, 2011-12 & 2012-13 24. Now we take up Ground No. 4 and 5 of Assessment-Year 2012-13. 25. In these grounds, the issue involved is whether the bogus purchases of Rs. 91,18,800/- and bogus expenditure

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.

1, 2 and 3 of Assessment-Year 2012-13. ITA Nos.1607/Ahd/2018, 1359/Ahd/2017& 2441/Ahd/2017 & Devraj Infrastructure Ltd. vs. DCIT/JCIT AYs – 2010-11, 2011-12 & 2012-13 24. Now we take up Ground No. 4 and 5 of Assessment-Year 2012-13. 25. In these grounds, the issue involved is whether the bogus purchases of Rs. 91,18,800/- and bogus expenditure

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