JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)-I,RANGE-4,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

THE ACIT,(OSD)-I,RANGE-4,, AHMEDABAD vs. JMC PROJECTS (INDIA) LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)-I,RANGE-4,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

THE ACIT,(OSD)-I,RANGE-4,, AHMEDABAD vs. JMC PROJECTS (INDIA) LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

56,48,498 Revenue 1 Liability (Warranty 08 3269/Ahd/2011 Expenses) 2008- ITA 6,12,08,221 Revenue 2 09 2353/Ahd/2014 2009- ITA 7,99,10,015 Revenue 4 10 246/Ahd/2016 Disallowance of Leave 2007- ITA 77,12,196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee

HAJIMOHMADSAFI ABDULREHMAN SHAIKH,VADODARA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), VADODARA

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

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

56,70,880/-. The case was selected for scrutiny and the assessment was completed under section 143(3) of the Act on 31.03.2015 wherein the Assessing Officer made various additions including addition on account of alleged bogus purchases. In the first round of appellate proceedings, partial relief was granted by the CIT(A) and thereafter the matter travelled

HAJIMOHMADSAFI ABDULREHMAN SHAIKH,VADODARA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), VADODARA

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

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

56,70,880/-. The case was selected for scrutiny and the assessment was completed under section 143(3) of the Act on 31.03.2015 wherein the Assessing Officer made various additions including addition on account of alleged bogus purchases. In the first round of appellate proceedings, partial relief was granted by the CIT(A) and thereafter the matter travelled

HAJIMOHMADSAFI ABDULREHMAN SHAIKH,VADODARA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), VADODARA

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

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

56,70,880/-. The case was selected for scrutiny and the assessment was completed under section 143(3) of the Act on 31.03.2015 wherein the Assessing Officer made various additions including addition on account of alleged bogus purchases. In the first round of appellate proceedings, partial relief was granted by the CIT(A) and thereafter the matter travelled

HAJIMOHMADSAFI ABDULREHMAN SHAIKH,VADODARA vs. DEPUTY COMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), VADODARA

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

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

56,70,880/-. The case was selected for scrutiny and the assessment was completed under section 143(3) of the Act on 31.03.2015 wherein the Assessing Officer made various additions including addition on account of alleged bogus purchases. In the first round of appellate proceedings, partial relief was granted by the CIT(A) and thereafter the matter travelled

THE DY. CIT, CIRCLE-4(1)(1),, AHMEDABAD vs. SAGARDEEP ALLOYS LTD.,, AHMEDABAD

In the result, the appeal filed by the Revenue is hereby dismissed

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

section 143(3) r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year (A.Y) 2011-12. 2. The brief facts of the case the assessee was engaged in trading of ferros and non-ferrous metals and manufacturing of copper, pipe, I.T.A No. 1810/Ahd/2019 A.Y. 2011-12 Page No 2 DCIT

ARCOY INDUSTRIES (INDIA) PRIVATE LIMITED,AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, all the captioned four appeals of the assessee are hereby\nallowed

section 148 of the Act. We take up this legal issue\nfirst for adjudication.\nGrounds Nos.1 to 3:\n4. The Ld. Counsel for the assessee has submitted that, in this case, the\nassessment was reopened by the AO on the basis of the information circulated\non Insight Portal of Department, wherein, it was mentioned that a search &\nseizure action