M/S. ARMEE INFOTECH,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-3(3),, AHMEDABAD

In the result, ITA No.1778/Ahd/2016 (by Revenue) is dismissed, and ITA No

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmedआयकर अपील सं./ Ita No.1778/Ahd/2016 "नधा"रण वष"/Asstt. Year: 2012-13 Acit,Cir.6(1), Vs. Armee Infotech Ahmedabad. 1002, Akik Building Opp: Rajpath Club, Sg Highway, Ahmedabad 380 0054. Pan : Aaifa 4964 D

260 (Kar). He also made reference to decision of Hon’ble Supreme Court in the case of Indian Molasses Co. P.Ltd. Vs. CIT, 37 ITR 66 (SC). 6. In response to the show cause notice of the AO, it was contended that the assessee has a total turnover of more than Rs.102 crores. It has shown GP margin

DCIT CIRCLE -1 (EXEMPTION) AHMEDABAD, AHMEDABAD vs. NARODA ENVIRO PROJCT LIMITED , AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Trust reported in 360 ITR 539 (Guj) has observed thus: 91. Carrying on an 'activity in the nature of trade, commerce, or business' or rendering of any service in relation to trade etc. is sine qua non for taking away the character of charitable purpose. An activity in the nature of trade, commerce or business is always carried on with

THE DY. DIT (EXEMPTION), CIRCLE-1,, AHMEDABAD vs. FRIENDS OF WWB INDIA,, AHMEDABAD

In the result, the appeal of the revenue and cross objection of the assesseee both are dismissed

charitable activity. 11. The third allegation is that the settlers of IFIG trust are the trustees of the appellant trust and, therefore, the entire set up is a colourable device to avoid taxation. 12. The issue of colourable device as a tool for avoidance of tax has been elaborately considered by the Hon’ble Supreme Court in the case

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 2 1 1 AHMEDABAD, AHMEDABAD vs. HDB FINANCIAL SERVICES LIMITED, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaassessment Year: 2020-21

260/-. The case was selected for scrutiny through CASS. DCIT vs. HDB Financial Services Limited Page 2 of 6 In the course of assessment, the Assessing Officer had made certain additions and the assessment was completed under Section 143(3) of the Act on 29.09.2022 at a total income of Rs.18,79,08,00,110/-. 3. Aggrieved with the order