SHAH RAKESH BHIKHABHAI (HUF),AHMEDABAD vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal filed by the assessee stands dismissed

Bench: Shri T.R Senthil Kumar & Shri Narendra Prasad Sinha

capital gain (LTCG) on sale of shares and, accordingly. exemption under section 10(38) claimed by assessee was disallowed assessee had duly produced all primary documents in relation to LTCG earned by it before Assessing Officer and these documents reflected occurrence of transactions in normal Details of information received by Principle Rakesh Bhikhabhai(HUF) vs. PCIT Asst.Year

TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. ACIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

5 others A.Y.2013-14 43 account of benchmarking of loan to AE. Thus, the ground of the appeal filed by the assessee is hereby allowed. Capital Infusion. 55. The TPO found that the assessee during the year has made payment of share application money to the following AEs: S. Name of AE Amount in Rs. Date of Date of share

SHRI MANAV VIKAS FOUNDATION,CHAMARAJ, TL. VADHAVAN vs. ITO, WARD-2(EXEMP), AHMEDABAD

In the result, the appeal of the asessee is allowed

80G of the Act, being engaged in the field of education and managing two schools for students from primary to higher secondary level. For the impugned assessment year i.e. A.Y. 2020-21, the assessee e-filed return of income on 13.02.2021, which was within the due date prescribed u/s.139(1) of the Act, declaring Nil income after claiming its entire

THE DCIT, CIRCLE-1(1)(1), VADODARA vs. GUJARAT STATE FERTILIZER & CHEMICAL LTD, VADODARA

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

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

80G of the Act. It is submitted that it be so held now.” ITA No. 538/Ahd/2020 – Department’s appeal 3. The Revenue has raised following grounds of appeal:- “1. (1) (a) Whether on the facts and in the circumstances of the case, the learned CIT(A) erred in deleting the disallowance of Rs.1,78,76,443/- under section

GUJARAT STATE FERTILISERS AND CHEMICALS LTD.,,VADODARA vs. THE ACIT CIRCLE-1(1)1(), VADODARA

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

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

80G of the Act. It is submitted that it be so held now.” ITA No. 538/Ahd/2020 – Department’s appeal 3. The Revenue has raised following grounds of appeal:- “1. (1) (a) Whether on the facts and in the circumstances of the case, the learned CIT(A) erred in deleting the disallowance of Rs.1,78,76,443/- under section