ARUN GOPILAL SAMNANI,AHMEDABAD vs. THE ITO, WARD-5(3)(1), AHMEDABAD

In the result, the appeals of the assessees are allowed as indicated above

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaassessment Year : 2023-24 Arun Gopilal Samnani The I.T.O., Ward-5(3)(1) 7, Bank Of Baroda Society Vs Ahmedabad. Nr. P.T. College Paldi, Ahmedabad. Pan : Aywps 2887 D Assessment Year :2023-24 Bhargavkumarparsottambh The I.T.O., Ward-1(2)(1) Ai Patel-Huf Vs Ahmedabad. B/301, 3Rd Floor Shree Saran-2 Opp: Anand Niketan School Thaltej, Ahmedabad 380089. Pan : Aalhb 2685 R

depreciation, if any, under any provision of section 32, except clause (iia) of sub-section (1) of the said section, determined in such manner as may be prescribed; and (iv) without any exemption

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. KUNVARJI FINANCE PVT. LTD., AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar, Accountnat Member Assessment Year : 2014-15 The Acit Kunvarji Finance Pvt.Ltd. Circle-2(1)(2) Vs Block B, 1St Floor Ahmedabad Siddhi Vinayak Tower Off S.G. Highway Mouje Makarba, Ahmedabad Pan: Aaack 8759 R अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Bandish Soparkar, Ar Revenue By : Smt. Malarkodi R., Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 20/06/2024 घोषणा क" तार"ख /Date Of Pronouncement: 02/07/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am:

Exempt income 23,970 (ii)Depreciation as per IT 24,67,403 Total depreciation as per IT Act Act pertaining

DR. BABASAHEB AMBEDKAR OPEN UNIVERSITY,AHMEDABAD vs. THE DY.CIT, CIRCLE-1, EXEMPTION, AHMEDABAD

In the result, the appeal filed by the Assessee is treated as allowed for statistical purpose

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

exemption. Similarly, Sri Adichunchunagiri Shikshana Trust dealt with depreciation under section 11 and has no bearing on exemption under section

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

In the result, the appeal filed by the assessee is partly allowed and the appeal filed by the Revenue is dismissed

exempted income of Rs. 37.81 Crores. 10. The assessee also contended that there cannot be any disallowance of depreciation against

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

In the result, the appeal filed by the assessee is partly allowed and the appeal filed by the Revenue is dismissed

exempted income of Rs. 37.81 Crores. 10. The assessee also contended that there cannot be any disallowance of depreciation against

THE DY. CIT (EXEMPTIONS), CIRCLE-2, AHMEDABAD vs. AMRELI JILLA VIDHYASABHA,, AMRELI

In the result, the appeal of the Revenue is dismissed…’’

Bench: Shri Amarjit Singh & Ms Madhumita Royअपील सं./Ita No.2720/Ahd/2017 &"नधा"रण वष"/Asstt. Year:2014-2015

Exemption), Circle-2, Ahmedabad) for the Assessment Year 2014-15, against the deletion of addition in respect of depreciation of the asset

THE DCIT, (EXEPTIONS), CIRCLE-1,, AHMEDABAD vs. THE STOCK EXCHANGE OF AHMEDABAD,, AHMEDABAD

In the result, the appeal of the Revenue fails, and accordingly gets dismissed

Bench: Shri Pradip Kumar Kedia & Ms.Madhumita Roy

depreciation allowance notwithstanding parallel exemption provided in section 11(1)(a) of the Act. We find that the issue is set to rest

DY.DIRECTOR OF INCOME TAX, AHMEDABAD vs. MONARK EDUCATION TRUST,, AHMEDABAD

In the result, the appeal is dismissed

exemption is the income out of which such acquisition of asset is made and when the depreciation deduction is allowed

INTAS PHARMACEUTICALS LTD.,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1), AHMEDABAD

Accordingly, this ground raised by the Revenue is dismissed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2015-16 Acit, Cir.2(1)(1) M/S.Intas Pharmaceuticals Ltd Vejalpur Vs Corporate House Ahmedabad. S.G. Highway Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L Asstt.Year : 2015-16 M/S.Intas Pharmaceuticals Ltd Acit, Cir.2(1)(1) Corporate House Vs Vejalpur S.G. Highway Ahmedabad. Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L (Applicant) (Responent) : Assessee By Shri S.N. Soparkar, Sr.Advocae & Shri Parin Shah, Ar : Shri Ragnesh Das, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/04/2025 घोषणा क" तारीख /Date Of Pronouncement: 21/05/2025 आदेश आदेश/O R D E R आदेश आदेश

depreciation with the objective of reducing its taxable income. 32. Further, it was noted that the goodwill so recorded in the books of the amalgamated company was allocated to its tax-exempt

THE ACIT, CIRCLE-2(1)(1), AHMEDABAD vs. M/S. INTAS PHARMACEUTICALS LTD., AHMEDABAD

Accordingly, this ground raised by the Revenue is dismissed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2015-16 Acit, Cir.2(1)(1) M/S.Intas Pharmaceuticals Ltd Vejalpur Vs Corporate House Ahmedabad. S.G. Highway Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L Asstt.Year : 2015-16 M/S.Intas Pharmaceuticals Ltd Acit, Cir.2(1)(1) Corporate House Vs Vejalpur S.G. Highway Ahmedabad. Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L (Applicant) (Responent) : Assessee By Shri S.N. Soparkar, Sr.Advocae & Shri Parin Shah, Ar : Shri Ragnesh Das, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/04/2025 घोषणा क" तारीख /Date Of Pronouncement: 21/05/2025 आदेश आदेश/O R D E R आदेश आदेश

depreciation with the objective of reducing its taxable income. 32. Further, it was noted that the goodwill so recorded in the books of the amalgamated company was allocated to its tax-exempt

DECISION CRAFT ANALYTICS LTD. ( NOW MERGED WITH AUDIENCE MEASUREMENT AND ANALYTICS PVT. LTD. ),AHMEDABAD vs. THE DY.CIT.,(OSD),RANGE-1,, AHMEDABAD

In the result, the appeal is allowed for statistical purpose

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadआयकर अपील सं./I.T.A. No. 2336/Ahd/2014 ("नधा"रण वष" / Assessment Year : 2006-07) Decisioncraft Analytics Ltd. Dy. Commissioner Of बनाम/ (Now Merged With Audience Income Tax (Osd), Vs. Measurement Private Range – I, Limited), Ahmedabad. 601, Shapath-Ii Opp. Rajpath Club Ahmedabad – 380 015. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcc 5157 E .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से / Appellant By : Shri Krutesh Patel, Ar ""यथ" क" ओर से/Respondent By : Shri V. K. Singh, Sr. D.R.

depreciation are first required to be set off against the business profits of the current year before computing any deduction/exemption under the Act. For the year under consideration, deduction under section 10A of the Act was allowable only to the extent of 90 per cent of newly established undertaking and before claiming any exemption

KAMLESHBHAI MANUBHAI PATEL,VADODARA vs. THE DY.CIT, CIRCLE-1(1)(1), VADODARA

The appeal of the Assessee is partly allowed for statistical purpose

Bench: Shri Tr Senthil Kumar & Shri Narendra Prasad Sinhaassessment Year: 2012-13

exempt, the assessee had claimed loss by claiming depreciation at Rs.1,64,219/- which was restricted to Rs.83,230/-. However

GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD.,,GANDHINAGAR vs. THE DY.CIT.,GANDHINAGAR CIRCLE,, GANDHINAGAR

In the result the appeal of the assessee is partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita No.2390/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2011-2012 D.C.I.T, Gujarat Industrial Investment Corporation Ltd., Gandhinagar Circle, Vs. 6Th Floor, Block No.11, Gandhinagar Udyog Bhavan, Sector 11, Gandhinagar-382011. Pan: Aaacg5304Q आयकर अपील सं./Ita No.2319/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2011-2012

exempt u/s. 10(34) Less: Brought forward Loss or depreciation whichever is lower ______________ as per books of account (Rs. 320.02 Lacs

DEPUTY COMMISSIONER OF INCOME TAX, VADODARA vs. JAYANT SHANTILAL SANGHVI, VADODARA

In the result, appeal preferred by the Revenue is dismissed

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. No. 1134/Ahd/2023 ("नधा"रण वष" / Assessment Year : 2016-17) Deputy Commissioner Of Jayant Shantilal Sanghvi बनाम/ Pratham, Makrand Desai Income Tax Vs. Vadodara Road, Gotri, Vadodara, Gujarat 390007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Anrps3651F (Appellant) .. (Respondent) Shri Ashesh R Rewar, Sr. Dr अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Shri Milin Mehta, A.R. 22/07/2024 Date Of Hearing Date Of Pronouncement 26/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: This Appeal Is Filed By The Revenue Against The Order Of National Faceless Appeal Centre (Nfac), Delhi, (In Short ‘The Cit(A)’) Dated 06.11.2023 For The Assessment Year 2016-17. 2. The Brief Facts Of The Case Are That The Assessee, An Individual, E-Filed Return Of Income For A.Y. 2016-17 On 29.09.2016 Declaring Total Income Of Rs.13,82,36,020/-. In The Course Of Assessment, The Ao Found That The Assessee Had Declared Exempt Income Of Rs.4,02,26,125/- In Respect Of Profit

exempt income. 9. The other expenditure debited to P&L account were administrative expense of Rs.20,65,427/- and depreciation

EKLAVYA EDUCATION FOUNDATION,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1,, AHMEDABAD

In the result, assessee’s appeal is allowed for statistical purposes

Bench: Shri Pramod M. Jagtap & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 315/Ahd/2020 (िनधार्रण वषर् / Assessment Year : 2016-17) बनाम/ Eklavya Education The Deputy Commissioner Of Income- Foundation Vs. Tax Core House, Off. C. G. Circle–1, Exemptions, Road, Nr. Parimal Garden, Ahmedabad Ellisbridge, Ahmedabad – 380006 (Gujarat) "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaace7987R (अपीलाथीर् /Appellant) (प्र"यथीर् / Respondent) .. अपीलाथीर् ओर से /Appellant By : Shri M. K. Patel, A.R. प्र"यथीर् की ओर से/Respondent By : Shri Shramdeep Sinha, Sr. D.R. सुनवाई की तारीख / Date Of 14/10/2022 Hearing घोषणा की तारीख /Date Of 31/10/2022 Pronouncement

exemption under Section 11D of the Act. In fact, total depreciation debited during the year was Rs.85,10,912/- which

MAKSON PHARMA CEUTICALS (INDIA) PRIVATE LIMITED,SURENDRANAGAR vs. PR. CIT, AHMEDABAD-3, AHMEDABAD, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2020-21

depreciation on plant & machinery of Rs.5,87,427/- (iii) disallowance u/s, 14A r.w.s. 8D for exempt income earned by the appellant

THE JT. DIT ( EXEMPTION),, AHMEDABAD vs. NIRMA UNIVERSITY,, AHMEDABAD

Appeal is dismissed

Exemption) v/s. Ahmedabad South Indian Charitable Trust has considered the decision of Hon. Supreme Court in the case of Escorts Ltd. 199 ITR 43 relied upon by the A.O. and has confirmed that depreciation

SIRHIND STEELS LTD.,,AHMEDABAD vs. THE PR.CIT-4, AHMEDABAD

In the result the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 713/Ahd/2019 "नधा"रण वष"/Asstt. Year: 2014-2015 Sirhind Steel Ltd., P.C.I.T-4, 7Th Floor, Shalin Building, Vs. Ambawadi, Nr. Nehru Bridge Corner, Ahmedabad. Ashram Road, Ahmedabad.

exempted income. 4.3 The assessee in the original return of income has shown short-term capital gain amounting to Rs. 1,41,19,885/- under section 50 of the Act which was generated on the sale of entire block of assets i.e. plant and machineries which was eligible for depreciation