SANDEEP MOHANRAJ SINGHI,AHMEDABAD vs. ACIT, CIRCLE4(2), AHMEDABAD, AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaassessment Year: 2018-19

dividend, which were claimed on the sale of shares as discussed above, and finally claimed as exempt. Further, it is also noticed that maximum fund was accumulated by the assessee in the shape of FDRs etc. It was also noted that these funds are still with the assessee trust and in the control of trustee, and has not been utilised

ERIS LIFESCIENCES LIMITED,AHMEDABAD vs. NFAC, DELHI (PRESENT JURISDICTION- THE DY. CIT, CIRCLE-2(1)(1)), AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

dividend income, holding that such quantum of exempt income could not have been earned without some administrative effort. Accordingly, the CIT(A) upheld the disallowance but directed that it be allocated between Guwahati and the taxable unit in the ratio of their sales. ITA Nos. 847to850/Ahd/2025 & 912to915/Ahd/2025 DCIT vs. Eris Lifesciences Ltd. Eris Lifesciences Ltd. vs. DCIT Asst. Years

DCIT CIRCLE-2(1)(1), AHMEDABAD, VEJALPUR vs. ERIS LIFESCIENCES LIMITED SHIVARTH AMBIT, BODAKDEV AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

dividend income, holding that such quantum of exempt income could not have been earned without some administrative effort. Accordingly, the CIT(A) upheld the disallowance but directed that it be allocated between Guwahati and the taxable unit in the ratio of their sales. ITA Nos. 847to850/Ahd/2025 & 912to915/Ahd/2025 DCIT vs. Eris Lifesciences Ltd. Eris Lifesciences Ltd. vs. DCIT Asst. Years

DCIT CIRCLE-2(1)(1), AHMEDABAD, AHMEDABAD vs. ERIS LIFESCIENCES LIMITED SHIVARTH AMBIT , BODAKDEV AHMEDABAD

Appeal are dismissed

dividend income, holding that such quantum of exempt\nincome could not have been earned without some administrative effort.\nAccordingly, the CIT(A) upheld the disallowance but directed that it be\nallocated between Guwahati and the taxable unit in the ratio of their sales.\nHowever, with respect to MAT computation, the CIT(A) relied on Gujarat\nHigh Court in Gujarat Fluorochemicals

DCIE CIRCLE-2(1)(1), AHEMDABAD, VEJALPUR vs. ERIS LIFESCIENCES LIMITED SHIVARTH AMBIT, BODAKDEV AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

dividend income, holding that such quantum of exempt income could not have been earned without some administrative effort. Accordingly, the CIT(A) upheld the disallowance but directed that it be allocated between Guwahati and the taxable unit in the ratio of their sales. ITA Nos. 847to850/Ahd/2025 & 912to915/Ahd/2025 DCIT vs. Eris Lifesciences Ltd. Eris Lifesciences Ltd. vs. DCIT Asst. Years

DCIT, CIRCLE-2(1)(1) AHMEDABAD, AHMEDABAD vs. ERIS LIFESCIENCE LIMITED SHIVARTH AMBIT, AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

dividend income, holding that such quantum of exempt income could not have been earned without some administrative effort. Accordingly, the CIT(A) upheld the disallowance but directed that it be allocated between Guwahati and the taxable unit in the ratio of their sales. ITA Nos. 847to850/Ahd/2025 & 912to915/Ahd/2025 DCIT vs. Eris Lifesciences Ltd. Eris Lifesciences Ltd. vs. DCIT Asst. Years

ERIS LIFESCIENCES LIMITED,AHMEDABAD vs. NFAC, DEHI (PRESENT JURISDICTION- THE DY.CIT, CIRCLE-2(1)(1)), AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

dividend income, holding that such quantum of exempt income could not have been earned without some administrative effort. Accordingly, the CIT(A) upheld the disallowance but directed that it be allocated between Guwahati and the taxable unit in the ratio of their sales. ITA Nos. 847to850/Ahd/2025 & 912to915/Ahd/2025 DCIT vs. Eris Lifesciences Ltd. Eris Lifesciences Ltd. vs. DCIT Asst. Years

ERIS LIFESCIENCES LIMITED,AHMEDABAD vs. NFAC, DELHI (PRESENT JURISDICTION - THE DY. CIT, CIRCLE-2(1)(1)), AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

dividend income, holding that such quantum of exempt income could not have been earned without some administrative effort. Accordingly, the CIT(A) upheld the disallowance but directed that it be allocated between Guwahati and the taxable unit in the ratio of their sales. ITA Nos. 847to850/Ahd/2025 & 912to915/Ahd/2025 DCIT vs. Eris Lifesciences Ltd. Eris Lifesciences Ltd. vs. DCIT Asst. Years

ERIS LIFESCIENCES LIMITED,AHMEDABAD vs. NFAC, DEHI (PRESENT JURISDICTION- THE DY. CIT, CIRCLE-2(1)(1), AHMEDABAD

Appeal are dismissed

dividend income, holding that such quantum of exempt\nincome could not have been earned without some administrative effort.\nAccordingly, the CIT(A) upheld the disallowance but directed that it be\nallocated between Guwahati and the taxable unit in the ratio of their sales.\nHowever, with respect to MAT computation, the CIT(A) relied on Gujarat\nHigh Court in Gujarat Fluorochemicals

PARYAVARAN EDUTECH,,AHMEDABAD vs. DY.COMMISSIONER OF INCOME TAX,(EXEM),, AHMEDABAD

trust, with the same charitable purposes as such entities. The thrust is charitable activity in those cases as well. Similarly, everyone publishing and selling the books cannot be said to be involved in commercial activities either. These sweeping generalizations, no matter how convincing they appear to be at the first sight, have their limitations. Perhaps Geeta Press Gorakhpur has done

ANANYA FINANCE FOR INCLUSIVE GROWTH PVT.LTD.,,AHMEDABAD vs. DY.COMMISSIONER OF INCOME TAX,CIRCLE-1(1)(2),, AHMEDABAD

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

Bench: Smt.Annapurna Gupta & Shri Mahavir Prasadassessment Year : 2011-12 Ananya Finance For Inclusive The Dcit, Cir.1(1)(1) Growth P Ltd. Ambawadi 401, Shaan, Op: M.J. Library Ahmedabad 380015. Ashram Road Ahmedabad 380 009. Pan : Aahca 8023 D

charitable Trust u/s 12A of the Act, claiming exemption under section 11 and 12 of the Income Tax Act, 1961. The Micro Finance Division (MFD) of FWWB was started three decades back. Indian Foundation For Inclusive Growth (IFIG) is a trust registered under the Documents and Registration Act,1908 ,and was formed on 13-03-2009, out of corpus funds

MAHESHRAJ CHEMICALS PVT.LTD.,,AHMEDABAD vs. THE DY.CIT.,CIRCLE-4,, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Madhumita Royआयकर अपील सं./Ita No.791/Ahd/2012 िनधा"रण वष"/Asstt. Year: 1999-2000 Dcit, Mahesraj Chemicals Pvt. Ltd. Circle-4, Vs. 141, Phase Ii, Gidc, Vatva, Ahmedabad Ahmedabad-382330 Pan:Aabcm0424C

deem it fit to condone the delay in the filing the appeal by the assessee. 6.3 In this regard we find support and guidance from the judgment of Hon’ble Madras High Court in the case of Sreenivas Charitable Trust v. Dy. CIT reported in 280 ITR 357 wherein it was held as under: Asstt. Year