JOSHI TECHNOLOGIES INTERNATIONAL INC.,,AHMEDABAD vs. THE ASSTT. DIT, (INTL. TAXN.),, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita Nos.2388-2389/Ahd/2015 िनधा"रण वष"/Asstt. Years: 2004-2005 & 2006-07 Joshi Technologies International Inc., A.D.I.T(International Prahaladnagar Garden, Vs. Tax), 701 Parshwanath E Square, Ahmedabad. Near Titanium, Building Satellite, Ahmedabad-380015. Pan: Aaacj9592P

143(3) of the Act. For this purpose, we refer the notice issued by the AO under section 142(1) of the Act dated 9th May 2006 raising the following questions relating to the deduction claimed under section 42 of the Act. Please refer to the ‘Statement of Total Income’ attached with your ROI. Please justify your claim of deduction

JOSHI TECHNOLOGIES INTERNATIONAL INC.,,AHMEDABAD vs. THE ADIT.,(INTNL.TAXN.), AHMEDABAD

In the result appeal of the assessee is allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedassessment Year : 2003-04 Joshi Technologies International Inc., Asst. Commissioner Of Income- 402, Heritage, Off. Ashram Road, Vs Tax (International Taxation), Usmanpura, Ahmedabad Ahmedabad Pan : Aaacj 9592 P Assessment Year : 2006-07 Joshi Technologies International Inc., Dy. Commissioner Of Income- 701, Parshwanath E Square, Vs Tax (International Taxation-1), Prahladnagar Garden, Near Titanium Ahmedabad Building, Satellite, Ahmedabad Pan : Aaacj 9592 P अपीलाथ"/ (Appellant) "त् यथ"/ (Respondent) Assessee By : Shri S.N. Soparkar, Sr. Advocate With Shri Yogesh G. Shah, Ar Revenue By : Shri Alok Kumar, Cit-Dr & Shri Atul Pandey, Sr Dr सुनवाई क" तार"ख/Date Of Hearing : 02/08/2022 घोषणा क" तार"ख /Date Of Pronouncement: 17/08/2022 आदेश/O R D E R Per Waseem Ahmed, Am : These Are The Appeals Filed By The Assessee Against Two Separate Orders Of The Learned Commissioner Of Income Tax (Appeals), Gandhinagar Dated 12.01.2010 & Learned Commissioner Of Income-Tax (Appeals)-13, Ahmedabad Dated 29.05.2015 Passed For Assessment Years 2003-04 & 2006-07 Respectively.

depreciation @ 80% as applicable to the plant & machinery of the mineral oil concern. It is submitted it be so held now. 3. The assessee in ground Nos. 1, 2 and 3 has challenged the validity of the assessment framed under section 147 read with section 143

JOSHI TECHNOLOGIES INTERNATIONAL INC.,,AHMEDABAD vs. THE ASSTT. DIT, (INTL. TAXN.),, AHMEDABAD

In the result appeal of the assessee is allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedassessment Year : 2003-04 Joshi Technologies International Inc., Asst. Commissioner Of Income- 402, Heritage, Off. Ashram Road, Vs Tax (International Taxation), Usmanpura, Ahmedabad Ahmedabad Pan : Aaacj 9592 P Assessment Year : 2006-07 Joshi Technologies International Inc., Dy. Commissioner Of Income- 701, Parshwanath E Square, Vs Tax (International Taxation-1), Prahladnagar Garden, Near Titanium Ahmedabad Building, Satellite, Ahmedabad Pan : Aaacj 9592 P अपीलाथ"/ (Appellant) "त् यथ"/ (Respondent) Assessee By : Shri S.N. Soparkar, Sr. Advocate With Shri Yogesh G. Shah, Ar Revenue By : Shri Alok Kumar, Cit-Dr & Shri Atul Pandey, Sr Dr सुनवाई क" तार"ख/Date Of Hearing : 02/08/2022 घोषणा क" तार"ख /Date Of Pronouncement: 17/08/2022 आदेश/O R D E R Per Waseem Ahmed, Am : These Are The Appeals Filed By The Assessee Against Two Separate Orders Of The Learned Commissioner Of Income Tax (Appeals), Gandhinagar Dated 12.01.2010 & Learned Commissioner Of Income-Tax (Appeals)-13, Ahmedabad Dated 29.05.2015 Passed For Assessment Years 2003-04 & 2006-07 Respectively.

depreciation @ 80% as applicable to the plant & machinery of the mineral oil concern. It is submitted it be so held now. 3. The assessee in ground Nos. 1, 2 and 3 has challenged the validity of the assessment framed under section 147 read with section 143

M/S. SURZLON GLOBAL SERVICES LTD. ,AHMEDABAD vs. THE PR. CIT-3,, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 67-68/Ahd/2021 िनधा"रण वष"/Asstt. Years: 2016-2017 & 2017-2018 M/S. Suzlon Global Services Limited, Principal Commissioner 5 Suzlon, Shrimali Society, Vs. Of Income-Tax, Near Shree Krishna Centre, Ahmedabad. Nr. Judges Bunglow Cross Road, Ahmedabad-380009. Pan: Aaics1406R

depreciation on the intangible assets amounting to 314.71 crores. In the case of M/s SGSL, there was an assessment framed under section 143(3

TEXRAJ REALTY PVT.LTD.,,AHMEDABAD vs. THE PR. CIT-4, AHMEDABAD

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

Bench: Shri P.M. Jagtap, Vice- & Shri T.R. Senthil Kumarassessment Year : 2015-16

Section 143(3) of the Act should not be revised by treating the same as erroneous and prejudicial to the interest of the Revenue. In reply, the following explanation in writing was offered by the assessee:- i) During the course of scrutiny assessment proceedings for A.Y. 2015-16, the assessee had furnished the required details/information/explanation with supporting documentary evidences

M/S. VENUS INFRABUILD,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

SHRI DEEPAK BUDHARMAL VASWANI,,AHMEDABAD vs. DCIT, CENTRAL CIRCLE -1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD vs. SHRI ASHOK SUNDERDAS VASWANI, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

DCIT, CENTRAL CIRCLE -1(1),, AHMEDABAD vs. SHRI DEEPAK KUMAR VASWANI,, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD vs. SHRI RAJESH SUNDERDAS VASWANI, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

SHRI RAJESH SUNDERDAS VASWANI,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

M/S. VENUS INFRABUILD,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

M/S. VENUS INFRABUILD,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

SHRI ASHOK SUNDERDAS VASWANI,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A244/Ahd/20 2012-13 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A245/Ahd/20 2013-14 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A246/Ahd/20 2014-15 Department 143(3) r.w.s. 153A 26.12.17 No 19 IT(SS)A247/Ahd/20 2015-16 Department 143(3) r.w.s. 153B 26.12.17 No 19 Shri

SHRI ANILBHAI HIRALAL SHAH,AHMEDABAD vs. DCIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result the appeal filed by the Revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

143 (3) of the Act. Thus it would appear that Petitioner had disclosed the primary facts at its disposal to the Assessing Officer for the purpose of assessment. He had also explained whatever queries were put by the Assessing Officer with regard to the primary facts during the hearings. 37. In such circumstances, it cannot be said that Petitioner

SHRI NIKUL J. PATEL,,AHMEDABAD vs. THE CIT, A'BAD-IV,, AHMEDABAD

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

Bench: Shri P.M. Jagtap, Vice- & Ms. Madhumita Royassessment Year : 2009-10 Shri Nikul J. Patel, The Commissioner Of 4A, Ketan Society, Vs Income-Tax, Nr. Sardar Patel Colony, Ahmedabad-Iv, Naranpura, Ahmedabad-380013 Ahmedabad Pan : Ahkpp 5769 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Dhiren Shah, Ar Revenue By : Shri Sanjay Agarwal, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 22/03/2022 घोषणा क" तार"ख /Date Of Pronouncement: 01/04/2022 आदेश/O R D E R Per P.M. Jagtap, Vice-: This Appeal Filed By The Assessee Is Directed Against The Order Of Learned Commissioner Of Income-Tax, Ahmedabad-Iv, Ahmedabad (“Cit” In Short) Dated 21.02.2014 Passed Under Section 263 Of The Income-Tax Act, 1961 (“The Act” In Short).

depreciation. 3. The learned CIT accordingly issued a notice under Section 263 of the Act to the assessee on 10.10.2013 pointing out the above errors and seeking explanation of the assessee as to why the assessment order passed by the Assessing Officer under Section 143

SHREE RAMA MULTI-TECH LTD.,,AHMEDABAD vs. THE DY.CIT.,CRCLE-8,, AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

143(3) of the Act, can the assessee made a similar claim in the income escapement proceedings. 24. Reassessment proceedings under Section 147 of the Act are for the benefit of the revenue and not for the assessee as held by the Hon'ble Supreme Court in the case of CIT v. Sun Engg. Works

SHREE RAMA MULTI-TECH LTD.,,AHMEDABAD vs. THE ACIT(OSD) CIRCLE-8, AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

143(3) of the Act, can the assessee made a similar claim in the income escapement proceedings. 24. Reassessment proceedings under Section 147 of the Act are for the benefit of the revenue and not for the assessee as held by the Hon'ble Supreme Court in the case of CIT v. Sun Engg. Works

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

143(3) read with section 144C of the Act, vide assessment order dated 28.01.2019, determining the total income of the assessee at Rs.430,72,97,310/-. The AO made following additions/disallowances: ITA No.281 and 222/Ahd/2021 3 Sr. Particulars of Addition/Disallowance Amount (Rs.) No. 1 Transfer Pricing Adjustment on account of interest 15,18,41,720 on advances