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

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

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-\n13 & 2013-14 filed by the assessee are partly allowed, while the appeal of the assessee\nfor AY 2014-15 is allowed

section 43 of the\nAct. The AO accordingly treated the subsidy received by the assessee as revenue\nreceipt and added to the total income of the assessee.\n60. On appeal by the assessee, the learned CIT(A) deleted the addition made by the\nAO by observing as under:\n6.4 It is seen that addition made on account of sales

INOX LEISURE LTD.,BARODA vs. ACIT, CIRCLE-1(1)(2),, BARODA

In the result, both the appeals of the assessee are allowed for statistical purposes

section 391 to 394 of the Companies Act, 1956, its subsidiary named Fame India Ltd was amalgamated into Inox as per Hon’ble High Court of Gujarat order dated 12th March, 2013 w.e.f. 1st April, 2012. Pursuant to the scheme, shareholder of erstwhile Fame were entitled to 5 shares of Inox for every 8 shares held by them in Fame

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT. LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. DY. COMMISSIONER OF INCOME TAX,(OSD),, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD) RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

depreciation even if it is not claimed by the assessee if assets are owned ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 and put to use by the assessee. Thus, Ground No. 6 of Revenue’s appeal is dismissed. 29. Thus, ITA No. 1871/Ahd/2012 filed

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-8, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

depreciation is concerned. In view of the above and after considering the facts in totality, the ground of appeal of the assessee is partly allowed for the statistical purposes in the manner as indicated above. 21. The next issue raised by the assessee is that the learned CIT-A erred in confirming the order of the AO by sustaining

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-4(1)(1),, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

depreciation is concerned. In view of the above and after considering the facts in totality, the ground of appeal of the assessee is partly allowed for the statistical purposes in the manner as indicated above. 21. The next issue raised by the assessee is that the learned CIT-A erred in confirming the order of the AO by sustaining

SHIVAM WATER TREATERS PVT. LTD.,,AHMEDABAD vs. THE ACIT, (OSD), CIRCLE-8,, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

depreciation is concerned. In view of the above and after considering the facts in totality, the ground of appeal of the assessee is partly allowed for the statistical purposes in the manner as indicated above. 21. The next issue raised by the assessee is that the learned CIT-A erred in confirming the order of the AO by sustaining

THE DCIT, CIRCLE-8,, AHMEDABAD vs. SHIVAM WATER TREATERS PVT. LTD.,, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

depreciation is concerned. In view of the above and after considering the facts in totality, the ground of appeal of the assessee is partly allowed for the statistical purposes in the manner as indicated above. 21. The next issue raised by the assessee is that the learned CIT-A erred in confirming the order of the AO by sustaining

SHRI ATULBHAI BABUBHAI SHAH,AHMEDABAD vs. THE ACIT.,RANGE-10,, AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed, Accountantmember & Ms. Madhumita Roy

200/- imposed by the AO under section 271(1)(c) for furnishing inaccurate particular of income on account of disallowances of expenses of Rs. 14,26,813/- and disallowances of deduction for Rs. 26,18,000 claimed under section 24 of the Act. 18. At the outset, we note that the facts related to disallowances as discussed in the above