THE DY.CIT, CIRCLE-3(1)(1)., AHMEDABAD vs. N.K. INDUSTRIES LTD., AHMEDABAD

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B.R.R. Kumarms. Suchitra Kamble

256(2) to the High Court, the High Court held that the issue was already covered by the decision of the High Court in C.I.T. Vs A.V.M. Limited [146 ITR 355]. When the matter was taken to the Supreme Court, the Supreme Court found that there was a conflict of decisions among various High Courts. Some High Courts had taken

THE DY.CIT, CIRCLE-3(1)(1)., AHMEDABAD vs. N.K. INDUSTRIES LTD., AHMEDABAD

In the result, the appeal of the assessee on this ground is allowed

Bench: Dr. B.R.R. Kumarms. Suchitra Kamble

256(2) to the High Court, the High Court held that the issue was already covered by the decision of the High Court in C.I.T. Vs A.V.M. Limited [146 ITR 355]. When the matter was taken to the Supreme Court, the Supreme Court found that there was a conflict of decisions among various High Courts. Some High Courts had taken

SUMANGAL GLASS PVT. LTD.,BHACHAU vs. DCIT, CIRCLE-4(1)(1),, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकरअपीलसं./Ita No. 2636/Ahd/2017 धििाधरणवरध/Asstt. Year: 2012-2013 Sumangal Glass Pvt. Ltd., D.C.I.T, Plot No.617/1-618-620, Vs. Circle-4(1)(1), Nh-8A,Po.Samakhiyari Ahmedabad (Piprapati), Bhachau Taluka, Samakhiyari-370150. Pan: Aaics6992G

256 – 18,68,360) only. Thus, the AO disallowed the excess deduction claimed by the assessee for Rs. 63,82,896/- and added to the total income of the assessee. The AO in effect has made the addition of Rs. 1,44,21,556/- (80,38,660 + 63,82,896) to the total income of the assessee. 5. Aggrieved assessee

GMM PFAULDER LTD.,AHMEDABAD vs. THE PR.CIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinhaआयकर अपील सं /Ita No.839/Ahd/2025 िनधा"रण वष" /Assessment Year : 2020-21 Gmm Pfaulder Ltd. The Pr.Cit बनाम/ 3Rd Floor, B-Jadav Chambers Ahmedabad-1 V/S. Navrangpura H.O. Ahmedabad – 380 015 Ashram Road Ahmedabad – 380 009 "थायी लेखा सं./Pan: Aabcg 0563 A (अपीलाथ"/ Appellant) ("" यथ"/ Respondent) Assessee By : Shri S.N. Soparkar, Sr. Advocate Revenue By : Shri Sher Singh, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 09/09/2025 घोषणा की तारीख /Date Of Pronouncement: 28 /10/2025 आदेश/O R D E R Per Siddhartha Nautiyal, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Of Learned Principal Commissioner Of Income-Tax, Ahmedabad-1 [Hereinafter Referred To As “Ld. Pr. Cit” For Short] Dated 07/03/2025 Passed In Exercise Of His Revisionary Jurisdiction Under Section 263 Of The Income-Tax Act, 1961 [Hereinafter Referred To As "The Act" For Short] For Assessment Year (Ay) 2020- 21. 2. The Assessee Has Raised The Following Grounds Of Appeal: Gmm Pfaulder Ltd. Vs. Pcit Asst. Year : 2020-21 2

1,48,30,256/- on Goodwill: 2.1 On the facts and circumstances of the case and in law, the Ld. Pr. CIT erred in contending that the depreciation amounting to Rs.1,48,30,256 on Goodwill acquired in Industrial Mixing Solution Division from Sudarshan Chemical Industries Ltd on slum sale basis, is not allowable under section

ABDULVAHED A. SHEIKH, LEGAL HEIROF LATE SMT. SARIFABEN BIKHUBHAI SHEK,,AHMEDABAD vs. THE ITO, WARD-7(2)(5),, AHMEDABAD

The appeal of the assessee is allowed in above terms

depreciation allowance have been computed. The formation of the required opinion by the ITO is a condition precedent. Without formation of such an opinion he will not have jurisdiction to initiate proceedings under s. 34(1)(a). The fulfilment of this condition is not a mere formality but it is mandatory. The failure to fulfil that condition would vitiate

AMBALAL SARABHAI ENTERPRISES LIMITED,,BARODA vs. THE ACIT.,CIRCLE-1(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

AMBALAL SARABHAI ENTERPRISES LIMITED,,BARODA vs. THE ACIT.,CIRCLE-1(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

THE DY.COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHAI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY.COMMISSIONER OF INCOME TAX,CIRCLE-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before

SAKETKUMAR RUGNATH TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

256 of cash deposited and cheque Clering/ transfer 52,97,389 entries in Bank Account 3 Disallowance u/s 36(1)(iii) 11,114 4 Disallowance of business expenses claimed in P&L A/c Municipal Tax -- -- Bad Debt 3,32,019 4,10,591 Salary @ 10% 58,841 1,39,768 Transport, Khedut lodging etc. @ 20% 1

SAKETKUMAR RUGNATH TANNA LEGAL HEIR OF LATE SMT. INDUMATIBEN RUGNATH TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

256 of cash deposited and cheque Clering/ transfer 52,97,389 entries in Bank Account 3 Disallowance u/s 36(1)(iii) 11,114 4 Disallowance of business expenses claimed in P&L A/c Municipal Tax -- -- Bad Debt 3,32,019 4,10,591 Salary @ 10% 58,841 1,39,768 Transport, Khedut lodging etc. @ 20% 1

THE ITO WARD-5(3)(1) (PREVIOUSLY THE ACIT, CENTRAL CIRCLE-2(2)), AHMEDABAD vs. SHRI SAKETKUMAR RUGNATH TANNA LEGAL HEIR OF LATE SMT. INDUMATIBEN RUGNATH TANNA, AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

256 of cash deposited and cheque Clering/ transfer 52,97,389 entries in Bank Account 3 Disallowance u/s 36(1)(iii) 11,114 4 Disallowance of business expenses claimed in P&L A/c Municipal Tax -- -- Bad Debt 3,32,019 4,10,591 Salary @ 10% 58,841 1,39,768 Transport, Khedut lodging etc. @ 20% 1

SAKETKUMAR RUGNATH TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

256 of cash deposited and cheque Clering/ transfer 52,97,389 entries in Bank Account 3 Disallowance u/s 36(1)(iii) 11,114 4 Disallowance of business expenses claimed in P&L A/c Municipal Tax -- -- Bad Debt 3,32,019 4,10,591 Salary @ 10% 58,841 1,39,768 Transport, Khedut lodging etc. @ 20% 1