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

8D does not bifurcate interest and administrative expenditure. The CIT(A) also noted a dramatic 16-fold increase in 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

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

8D does not bifurcate interest and administrative expenditure. The CIT(A) also noted a dramatic 16-fold increase in 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

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

8D does not bifurcate interest and administrative expenditure. The CIT(A) also noted a dramatic 16-fold increase in 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

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

8D does not bifurcate interest and administrative expenditure. The CIT(A) also noted a dramatic 16-fold increase in 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

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

8D does not bifurcate interest and administrative expenditure. The CIT(A) also noted a dramatic 16-fold increase in 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

GUJARAT MARITIME BOARD,,GANDHINAGAR vs. THE JT.CIT, GANDHINAGAR CIRCLE,, GANDHINAGAR

In the result, this ground of appeal of the revenue is allowed for statistical purpose

Trust Fund" after being accorded by CIT, Gandhinagar w.e.f. 28/3/2003. Further, it is also submitted by the appellant that the total contribution aggregated together under one head of claim as "Contribution to Pension Fund" not only forms out of "annual contribution" only but also a lump-sum figure needed for augmentation of corpus of fund necessary to ensure seamless service

THE DY. CIT.,GNR CIRCLE,, AHMEDABAD vs. GUJARAT MARITIME BOARD, GANDHINAGAR

In the result, this ground of appeal of the revenue is allowed for statistical purpose

Trust Fund" after being accorded by CIT, Gandhinagar w.e.f. 28/3/2003. Further, it is also submitted by the appellant that the total contribution aggregated together under one head of claim as "Contribution to Pension Fund" not only forms out of "annual contribution" only but also a lump-sum figure needed for augmentation of corpus of fund necessary to ensure seamless service

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

Appeal are dismissed

8D does not bifurcate interest\nand administrative expenditure. The CIT(A) also noted a dramatic 16-fold\nincrease in 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

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

Appeal are dismissed

8D does not bifurcate interest\nand administrative expenditure. The CIT(A) also noted a dramatic 16-fold\nincrease in 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

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

ii) of the Income Tax Rules. Shri Alpesh Parmar, Ld. CIT-DR submitted that the assessee had income from investments which did not form part of total income but no disallowance under Section 14A read with Rule 8D was made by the DCIT vs. HDB Financial Services Limited Page 3 of 6 assessee. In the course of assessment, the Assessing

GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED,KHANJI BHAVAN vs. PR. COMMISSIONER OF INCOME TAX-1, AAYAKAR BHAWAN(VEJALPUR), AHMEDABAD

In the result, the appeal filed by the assessee is allowed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2020-21

8D(2)(ii) and the CBDT Circular No. 5/2014 dated 11.02.2014, the Assessing Officer computed disallowance under section 14A at 1% of the average value of opening and closing balance of investments, resulting in a disallowance of Rs.3,32,13,180/-. Consequently, the returned income of Rs.1,90,01,26,570/- was enhanced by Rs.3

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

DCIT, CIRCLE-1(1)(1), AHMEDABAD, AHMEDABAD vs. ADANI LOGISTICS LTD, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Tr Senthil Kumar & Shri Narendra Prasad Sinhaassessment Years: 2020-21

8D was called for. In this regard He relied upon the following decisions. i. Chettinand Logistics Pvt Ltd [2018] 95 taxmann.com250 (SC) ii. Adani Green Technology Ltd. in ITA No. 446/Ahd/2025 (ITAT) iii. Harsha Engineers Ltd in ITA No. 303/Ahd/2022 (ITAT) iv. ACIT V. Reliance Retail Ltd [2025] 175 taxmann.com 206 (ITAT Mumbai) The Ld. A.R further submitted that