GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

depreciation, penalty could not be imposed and held as follows. 8. In order to invoke the penalty proceedings under section

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

depreciation, penalty could not be imposed and held as follows. 8. In order to invoke the penalty proceedings under section

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

depreciation, penalty could not be imposed and held as follows. 8. In order to invoke the penalty proceedings under section

XCELRIS LABS LIMITED,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(1), AHMEDABAD

In the result, appeal filed by the assessee is dismissed

penalty on\nthe depreciation disallowed pertaining to inflated cost of assets.\n12. With respect to the other portion of depreciation

SCHAEFFLER INDIA LTD. (FORMERLY KNOWN AS INA BEARING INDIA PVT. LTD.),VADODARA vs. THE ACIT, CICLE-1(1)(2) NOW DCIT, CIRCLE-1(1)(1), VADODARA

In the result, appeal of the assessee is allowed

depreciation on second-hand machinery valued at Rs.\n64,75,146/-. As a result, penalty proceedings under section 271(1)(c) were

SHREE RAMA MULTI-TECH LTD.,,AHMEDABAD vs. THE DCIT CIRCLE-4(1)(1), AHMEDABAD

In the result, appeal filed by the assessee is allowed

Bench: Smt. Annapurna Gupta & Ms. Suchitra Kambleassessment Year: 2009-10

penalty on additions of depreciation of Rs.1,80,63,211/-, prior period expenses of Rs.18,27,854/-, provision for bad and doubtful

AXIS BANK LIMITED,,AHMEDABAD vs. THE CIT (A)-6, AHMEDABAD

Appeal of the assessee is allowed

penalty for filing of inaccurate particulars of income in Income Tax Return. The Bank was under a bona fide belief that depreciation

M/S. UTTAR GUJARAT VIJ COMPANY LTD.,,MEHSANA vs. THE INCOME TAX OFFICER,WARD-4(4),, BARODA

In the result, for A.Y

Bench: Shri P.M. Jagtap & Ms. Suchitra Kambleassessment Year: 2008-09

penalty in respect of excess depreciation which was disallowed by the Assessing Officer, in light of ITA No.2081/Ahd/2012 in respect

THE ACIT, CIRCLE-4,, BARODA vs. M/S. UTTAR GUJARAT VIJ CO. LTD.,, BARODA

In the result, for A.Y

Bench: Shri P.M. Jagtap & Ms. Suchitra Kambleassessment Year: 2008-09

penalty in respect of excess depreciation which was disallowed by the Assessing Officer, in light of ITA No.2081/Ahd/2012 in respect

UTTAR GUJARAT VIJ COMPANY LTD.,,MEHSANA vs. THE ACIT, CIRCLE 4, BARODA

In the result, for A.Y

Bench: Shri P.M. Jagtap & Ms. Suchitra Kambleassessment Year: 2008-09

penalty in respect of excess depreciation which was disallowed by the Assessing Officer, in light of ITA No.2081/Ahd/2012 in respect

THE ACIT, CIRCLE-4,, BARODA vs. M/S. UTTAR GUJARAT VIJ CO. LTD.,, MEHSANA

In the result, for A.Y

Bench: Shri P.M. Jagtap & Ms. Suchitra Kambleassessment Year: 2008-09

penalty in respect of excess depreciation which was disallowed by the Assessing Officer, in light of ITA No.2081/Ahd/2012 in respect

SHRI GIRISHBHAI M.PATEL,,AHMEDABAD vs. THE ACIT.,MEHSANA CIRCLE,, MEHSANA

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 337/Ahd/2014 िनधा"रण वष"/Asstt. Year: 2005-2006 Girishbhai M. Patel, A.C.I.T., 4, Regent Park, Vs. Mehsana Circle, Vanza Co-Operative Society, Mehsana. Part-Ii, Near Judges Bungalow, Bodakdev, Ahmedabad-380015. Pan: Abypp8093M

depreciation of cars Rs.1,02,991/- (4) Disallowance of insurance amount claimed Rs.40,184/- Rs.24,27,511/- Total Income Rs.32,47,959/- i.e Rs.32,47,960/- 4.1 The AO in the assessment order has recorded to have issued penalty

BHIKHABHAI AMBALAL PATEL,,KALOL vs. ITO, WARD-4, MEHSANA

In the result, both the appeals filed by the assessees are allowed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2008-09

penalty proceeding initiated against addition of Rs.4,96,888/- on account of Apparent Mistake in claim of depreciation by the Lrd. AO while

M/S. WORLD TRADE IMPEX LTD.,,BARODA vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, CIRCLE-5,, BARODA

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

Bench: Ms Suchitra Kamble & Shri Waseem Ahmed

penalty proceedings under section 271(1)(c) was also initiated and such addition are detailed as under: 1. Cessation of liability Rs. 70,50,096/- 2. Inflated purchase Rs. 55,43,026/- 3. Excess depreciation

WORLD TRADE IMPEX LTD.,,BARODA vs. THE ACIT.,CIRCLE-4,, BARODA

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

Bench: Ms Suchitra Kamble & Shri Waseem Ahmed

penalty proceedings under section 271(1)(c) was also initiated and such addition are detailed as under: 1. Cessation of liability Rs. 70,50,096/- 2. Inflated purchase Rs. 55,43,026/- 3. Excess depreciation

AKAR LAMINATORS LIMITED,AHMEDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD

In the result the appeal filed by the assessee is allowed

Bench: This Tribunal & The Case Was Set-Aside Vide Order Dated 01.08.2014 In Ita No. 858 & 927/Ahd/2005 & Accordingly Assessment Was Finalized U/S. 143(3) R.W.S. 254 Of The Act & The Total Loss Was Determined At (-) Rs.22,47,26,293/- After Making Following Additions/Disallowances:

Penalty - For concealment of income (Disallowance of claim of depreciation) - Assessment year 2011-12 - Assessee claimed additional depreciation for plant

TTEC INDIA CUSTOMER SOLUTIONS PRIVATE LIMITED,AHMEDABAD vs. THE PR. CIT-3, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. B.R.R. Kumar, Vice-Shri T.R. Senthil Kumar

Depreciation as per Companies Act 20,098,451 Penalties disallowed u/s 37 69,980 Add: Bonus, leave encashment & gratuity u/s 43B 1,04,58,526 Provision

GMW PRIVATE LIMITED,VADODARA vs. THE DY.CIT, CIRCLE-1(1)(1), VADODARA

In the result, the appeal of the assessee is allowed

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. No. 1850/Ahd/2024 ("नधा"रण वष" / Assessment Year : 2017-18) बनाम/ Gmw Private Limited Deputy Commissioner Of 885, G.I.D.C. Estate, Income Tax Vs. Makarpura, Vadodara, Circle-1(1)(1), Vadodara Gurarat - 390010 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaccg4508Q (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Shri Surendra Modiani, A.R. ""यथ" क" ओर से/Respondent By : Shri Rignesh Das, Sr. Dr 19/12/2024 Date Of Hearing Date Of Pronouncement 03/01/2025 O R D E R Per Shri Narendra Prasad Sinha, Am: This Appeal Is Filed By The Assessee Against The Order Of The National Faceless Appeal Centre (Nfac), Delhi, (In Short ‘The Cit(A)’), Dated 30.09.2024 For The Assessment Year 2017-18 In The Matter Of Penalty Under Section 270A Of The Income Tax Act, 1961 (In Short ‘The Act’).

depreciation of Rs.1,95,737/- on machinery ITA No. 1850/Ahd/2024 [GMW Private Limited vs. DCIT] A.Y. 2017-18 - 2 – and penalty