BAKERI PROJECTS PRIVATE LIMITED,AHMEDABAD vs. DCIT CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD

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

Bench: S/Shri Sanjay Garg & Makarand V.Mahadeokarasstt.Year : 2020-21 Bakeri Projects Pvt. Lt. The Dcit, Cir.(1)(1) 1St Floor, Sanskrut Vs. Ahmedabad. Old High Court Road Off: Ashram Road Ahmedabad. Pan : Aagcb 1864 L (Applicant) (Responent)

depreciation disallowance and deduction under section 80IBA. Relevant computations, MAT workings, and judicial references were annexed with this reply. 9. The AR drew our attention to another critical fact, that the AO had already issued a notice under section 154

M/S. SHILP GRAVURES LTD.,AHMEDABAD vs. THE DCIT, CPC, BANGALURU

In the result the appeal filed by the assessee is allowed for the statistical purposes

Bench: Ms Suchitra Kamble & Shri Waseem Ahmed

section 154 of the Act dated 11 January 2019 and on other dates stating that it has been allowed lesser depreciation

ATUL LIMITED,,AHMEDABAD vs. THE DY.CIT (OSD), RANGE-1,, AHMEDABAD

The appeal are dismissed

Bench: Us, Ld. Counsel For The Assessee Took Us Through The Chronology Of Events Leading To The Rectification Order Passed U/S. 154 Of The Act ,Which Was Carried In Appeal Before The Ld. Cit(A) Who Dismissed The Same & Against Which The Assessee Has Come Up In Appeal Before Us. Ld. Counsel For The

154 dated 10.12.2009. 2. After adjusting the unabsorbed depreciation, the resultant income shall comprise of Capital Gain, Income from House Property and Income from other sources which are not "Profit derived from the business of power and hence not to be considered for deduction Under Section

LAKHI ELECTRONICS PVT. LTD.,AHMEDABAD vs. ITO, WARD-2(1)(3), AHMEDABAD

In the result, this ground of appeal of the assessee is allowed for statistical purposes

section 154 of the Income Tax Act, 1961; in short “the Act”. 2. The assessee has raised following grounds of appeal:- “1) The learned CIT(A) has erred in confirming the rejection of application u/s. 154 made by A.O. on the ground of time barring. In as much the intimation u/s. 143(1) was received on 28/06/2016 and the application

CPL HOLDINGS LLP (SUCCESSOR TO CPL HOLDINGS PRIVATE LIMITED),AHMEDABAD vs. THE PR. CIT, AHMEDABAD-3, AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinhaassessment Year: 2018-19

depreciation as disallowed by the Assessing Officer, that was subject matter of simple rectification u/s 154 of the Act and no revisional order under Section

ACIT ANAND CIRCLE, ANAND, ANAND vs. ELECON ENGINEERING COMPANY LTD, VALLABH VIDYANAGAR

In the result, appeal filed by the Revenue is dismissed

Bench: Us.

depreciation losses, which could be allowed to be carried forward even if the return was filed belatedly and hence, ITA No. 2084/Ahd/2024 [ACIT vs. Elecon Engineering Company Ltd.] A.Y. 2020-21 - 3 – there was no mistake in the intimation made u/s.143(1) of the Act requiring rectification in terms of Section 154

ACIT, CIRCLE-1(1)(1), AHMEDABAD, VEJALPUR, AHMEDABAD vs. AIA ENGINEERING LIMITED, AHMEDABAD

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

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumarआयकर अपील सं / Ita No. 397/Ahd/2024 िनधा"रण वष"/Assessment Year: 2016-17 बनाम Aia Engineering Limited, Dcit Vs. 115, Gvmm Estate, Odhav Road, Circle-1(1)(1), Odhav, Ahmedabad-382415 Ahmedabad Pan : Aabca 2777 J आयकर अपील सं / Ita No. 532/Ahd/2024 िनधा"रणवष"/Assessment Year: 2016-17 बनाम Aia Engineering Limited, Acit, Vs. 115, Gvmm Estate, Odhav Road, Circle-1(1)(1), Odhav, Ahmedabad-382415 Ahmedabad Pan : Aabca 2777 J अपीलाथ" अपीलाथ"/ (Appellant) अपीलाथ" अपीलाथ" "" "" यथ" "" "" यथ" यथ"/ (Respondent) यथ" िनधा"रती की ओर से / Assessee By : Shri Tushar Hemani, Sr. Advocate & Shri Parimalsinh B. Parmar, Ar ""थ" की ओर से / Revenue By : Shri Pratik Sharma, Sr Dr & Shri Sudhendu Das, Cit-Dr तारीख/Date Of Hearing : 09.10.2024 सुनवाई क" क" तारीख सुनवाई सुनवाई सुनवाई क" क" तारीख तारीख घोषणा क" क" तारीख तारीख /Date Of Pronouncement: 21.10.2024 घोषणा घोषणा घोषणा क" क" तारीख तारीख आदेश आदेश/O R D E R आदेश आदेश

154 dt. 06.02.2020) on electrical fittings u/s 32 of the Act?" 3. The appellant craves leave to amend or alter any ground or add a new ground, which may be necessary. It is, therefore, prayed that the order of Ld. CIT(A) may be set aside and that of the Assessing Officer be restored". 3. At the outset itself

HARISHCHANDRA NATVARLAL PATEL -HUF,AHMEDABAD vs. THE DCIT ,CIRCLE-3(2), AHMEDABAD

In the result the appeal of the assessee is allowed for statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 637/Ahd/2019 िनधा"रण वष"/Asstt. Year: 2013-14 Harishchandra Natavarlal Patel-Huf, D.C.I.T., Revolution Cinema, Vs. Circle-3(2), Nr. Ctm Char Rasta, Ahmedabad. Ahmedabad.

section 154 of the Act by stating that there is a mistake apparent from record in the order of the learned CIT (A) vide application dated 16th January 2019 and 4th March 2019. It was contended by the assessee that the loan was taken in the name of the assessee which is evident from the sanction letter issued

BAKERI PROJECTS PRIVATE LIMITED,AHMEDABAD vs. THE DY.CIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, the appeals of the assessee on this ground are allowed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2016-17

section 32 of the Act, depreciation should be allowable to BPPL on actual cost of goodwill recorded in its books of account, being excess of consideration over amount if net asset of BEIPL recorded in books of BPPL, since it reflects the actual cost incurred by BPPL towards goodwill. The ld. A.R. submitted that goodwill does not indicate mere

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

In the result, appeal filed by the assessee is allowed

Section 32 of the Income-tax Act, 1961 - Depreciation - Additional depreciation (Illustration) - Assessment years 2012- 13 and 2013-14-Assessee company was engaged in business of providing referral laboratory services and diagnostic services etc. Assessee had set up various collection centers at multiple locations - Assessee claimed additional depreciation on its assets used in such collection centres-Revenue was of view

URMIN PRODUCTS PVT. LTD.,AHMEDABAD vs. THE DY.CIT, CENTRAL CIRCLE-1(3), AHMEDABAD

In the result, the appeal filed by the assessee bearing ITA

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinha

154 being reckoned from the end of the previous year commencing on the 1st day of April, 2021: Provided that in a case where the assessee makes an application to the Assessing Officer in the prescribed form and within the prescribed time, requesting for recomputation of the total income of the previous year without allowing the claim for deduction

URMIN PRODUCTS PVT. LTD.,AHMEDABAD vs. THE DY.CIT, CENTRAL CIRCLE-1(3), AHMEDABAD

In the result, the appeal filed by the assessee bearing ITA

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinha

154 being reckoned from the end of the previous year commencing on the 1st day of April, 2021: Provided that in a case where the assessee makes an application to the Assessing Officer in the prescribed form and within the prescribed time, requesting for recomputation of the total income of the previous year without allowing the claim for deduction

JT. CTI (OSD), CIRCLE-3(1)(1),, AHMEDABAD vs. M/S. NIRMA LIMITED,, AHMEDABAD

In the result, all the appeals filed by the Revenue and the appeals for AYs 2012-

Bench: Dr. B.R.R. Kumar, Vice- & Ms. Suchitra R. Kamble

section 43 of the Act. The AO accordingly treated the subsidy received by the assessee as revenue receipt and added to the total income of the assessee. 60. On appeal by the assessee, the learned CIT(A) deleted the addition made by the AO by observing as under: 6.4 It is seen that addition made on account of sales

THE DCIT, CIR-3(1)(1), AHMEDABAD vs. M/S. NIRMA LIMITED,, AHMEDABAD

In the result, all the appeals filed by the Revenue and the appeals for AYs 2012-

Bench: Dr. B.R.R. Kumar, Vice- & Ms. Suchitra R. Kamble

section 43 of the Act. The AO accordingly treated the subsidy received by the assessee as revenue receipt and added to the total income of the assessee. 60. On appeal by the assessee, the learned CIT(A) deleted the addition made by the AO by observing as under: 6.4 It is seen that addition made on account of sales

NIRMA LIMITED,,AHMEDABAD vs. DCIT, CIRCLE-3(1)(1),, AHMEDABAD

In the result, all the appeals filed by the Revenue and the appeals for AYs 2012-

Bench: Dr. B.R.R. Kumar, Vice- & Ms. Suchitra R. Kamble

section 43 of the Act. The AO accordingly treated the subsidy received by the assessee as revenue receipt and added to the total income of the assessee. 60. On appeal by the assessee, the learned CIT(A) deleted the addition made by the AO by observing as under: 6.4 It is seen that addition made on account of sales

M/S. NIRMA LIMITED,,AHMEDABAD vs. THE DCIT, CIRCLE-3(1)(1),, AHMEDABAD

In the result, all the appeals filed by the Revenue and the appeals for AYs 2012-

Bench: Dr. B.R.R. Kumar, Vice- & Ms. Suchitra R. Kamble

section 43 of the Act. The AO accordingly treated the subsidy received by the assessee as revenue receipt and added to the total income of the assessee. 60. On appeal by the assessee, the learned CIT(A) deleted the addition made by the AO by observing as under: 6.4 It is seen that addition made on account of sales

THE DCIT, CIRCLE-4(1),, VADODARA vs. MUNJAL AUTO INDUSTRIES LTD.,, VADODARA

Bench: SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER &\nSHRI MAKARAND V. MAHADEOKAR (Accountant Member)

depreciation computation under Section\n43(1) of the Act, and its implications for the determination of book profits\nunder Section 115JB.\n2. 9. Following appeals have now been reconstructed and listed for\nadjudication -\nITA No.\nAssessment\nYear\nAppellant\nAmount in\nDispute (Rs.)\n784/Ahd/2013\n2003-04\nAssessee\nNot quantified\n2007/Ahd/2007 | 2004-05\nRevenue\n62,38,589/-\n1619/Ahd/2008 | 2005-06\nRevenue

THE DCIT, CIRCLE-4,, VADODARA vs. MUNJAL AUTO INDUSTRIES LTD.,, VADODARA

Appeal is dismissed

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

depreciation computation under Section 43(1) of the Act, and its implications for the determination of book profits under Section 115JB. 2.9. Following appeals have now been reconstructed and listed for adjudication - ITA No. Assessment Appellant Amount in Year Dispute (Rs.) 784/Ahd/2013 2003-04 Assessee Not quantified 2007/Ahd/2007 2004-05 Revenue 62,38,589/- 1619/Ahd/2008 2005-06 Revenue

THE DCIT, CIRCLE-4,, VADODARA vs. M/S. MUNJAL AUTO INDUSTRIES LTD.,, VADODARA

Appeal is dismissed

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

depreciation computation under Section 43(1) of the Act, and its implications for the determination of book profits under Section 115JB. 2.9. Following appeals have now been reconstructed and listed for adjudication - ITA No. Assessment Appellant Amount in Year Dispute (Rs.) 784/Ahd/2013 2003-04 Assessee Not quantified 2007/Ahd/2007 2004-05 Revenue 62,38,589/- 1619/Ahd/2008 2005-06 Revenue