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

274 read with section 271(1)(c) is unjust, unreasonable and therefore, bad in law. 7. The appellant craves leave to add, amend, alter, edit, delete, modify or change all or any of the grounds of appeal at the time of or before the hearing of the appeal. Total Tax Effect Rs. 24,03,04,786/-” 3. Bakeri Projects Private

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:

depreciation could not give rise to any question of concealment of income Whether Tribunal was right in so holding - Held, yes [Para 13] [In favour of assessee]” 7.2. Further, the Hon'ble Jurisdictional High Court in case of Principal Commissioner of Income Tax, Jamnagar -Vs- Jamnagar District Co Operative Bank Ltd. in Tax Appeal No. 365 of 2015 dated

M/S. BODAL CHEMICALS LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-1, AHMEDABAD

In the result, the appeals being IT(SS)A No

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

depreciation. The Ld. AR relied upon the decision of Jurisdictional Tribunal in the case of Rajendra Ship Breakers Pvt. Ltd in ITA No. 2177/AHD/2018 wherein under identical facts relief was allowed to the assessee. 56. We have heard both the parties and perused all the relevant material available on record. The Ld. AR relied upon the decision of Jurisdictional Tribunal

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

depreciation, disallowance under Section 40(a)(ia) of the Act as well as unexplained cash deposit and undisclosed interest income. The penalty under Section 271(1)(c) of the Act was imposed in both the assessment years by the Assessing Officer. 5. Being aggrieved by the penalty orders in both these years, the assessees filed appeals before

THE ITO, WARD-3(1)(1),, AHMEDABAD vs. M/S. NASCENT INFO TECHNOLOGIES PVT. LTD.,, AHMEDABAD

In the result the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & M/S. Madhumita Royआयकर अपील सं./I.T.A. No. 2828/Ahd/2016 ("नधा"रण वष" / Assessment Year : 2012-13) बनाम/ Ito M/S. Nascent Info Technologies Pvt. Ltd. Ward-3(1)(1), Vs. A-805, Sapath-Iv, Opp. Ahmedabad Karnavati Club, Ahmedabad- 380054 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aac Cn3 670 J (अपीलाथ" /Appellant) .. (""यथ" / Respondent) अपीलाथ" ओर से /Appellant By : Santosh Karnani, Sr. Dr ""यथ" क" ओर से / Respondent By: Mehul K. Patel, Ar सुनवाई क" तार"ख / Date Of Hearing 13/02/2019 घोषणा क" तार"ख /Date Of Pronouncement 27/03/2019 आदेश/O R D E R Per Waseem Ahmed - Am:

section 274 r.w.s 271(1)(c) of the Act vide dated 23-03-2015 for levying the penalty on account of furnishing inaccurate particular of income. 5. The assessee in compliance to the notice submitted that it had claimed depreciation

PAWAN EDIFICE PVT. LTD.,VADODARA vs. THE DY.CIT, CIRCLE-2(1)(2), VADODARA

depreciation relying upon the additional evidences/documents which were not submitted by the assessee before the AO dehorse provisions of Rule 46A of I.T. Rules and without calling remand report. 9. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs.10,00,000/- made

THE DY.CIT, CENTRAL CIRCLE-1, VADODARA vs. PAWAN EDIFICE PVT. LTD., VADODARA

Appeals are partly allowed for\nstatistical reasons

depreciation relying upon the\nadditional evidences/documents which were not submitted by the assessee\nbefore the AO dehorse provisions of Rule 46A of I.T. Rules and without calling\nremand report.\n9.\nOn the facts and in the circumstances of the case and in law, the Ld. CIT(A)\nhas erred in deleting the addition of Rs.10,00,000/- made

MOBILE TELECOMMUNICATIONS LTD.,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2),, BARODA

In the result, the appeal of the assessee is Dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 641/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2009-2010 & आयकर अपील सं./Ita No. 1311/Ahd/2016 िनधा"रण वष"/Asstt. Year: 2010-2011 Mobile Telecommunications Pvt. Ltd., D.C.I.T., C/O. Ambalal M. Shah & Co., Vs. Circle-2(1)(2), Chartered Accountants, Baroda. 108, Bell-E-Vista Complex, Race Course Chakli Circle, Vadodara-390007. Pan: Aaccm2659J

depreciation of Rs. 2,16,027.00 only. The AO in the assessment initiated the penalty proceedings by issuing notice under section 274

MOBILE TELECOMMUNICATIONS PVE. LTD.,,VADODARA vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4,, BARODA

In the result, the appeal of the assessee is Dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 641/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2009-2010 & आयकर अपील सं./Ita No. 1311/Ahd/2016 िनधा"रण वष"/Asstt. Year: 2010-2011 Mobile Telecommunications Pvt. Ltd., D.C.I.T., C/O. Ambalal M. Shah & Co., Vs. Circle-2(1)(2), Chartered Accountants, Baroda. 108, Bell-E-Vista Complex, Race Course Chakli Circle, Vadodara-390007. Pan: Aaccm2659J

depreciation of Rs. 2,16,027.00 only. The AO in the assessment initiated the penalty proceedings by issuing notice under section 274

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

depreciation on closed unit Rs.86,673/- 4. Penalty proceedings were initiated by issuing notice under Section 274 read with Section

AMARSHIV CONSTRUCTION PVT. LTD.,VADODARA vs. THE DY.CIT, CIRCLE-1(1)(1), VADODARA

In the result, appeal of the assessee is allowed

Bench: Ms. Suchitra Kambleassessment Year: 2014-15

depreciation amounting to Rs.2,99,294/- and addition on account of short credit amounting to Rs.1,83,265/-. Penalty proceedings under Section 271(1)(c) of the Act were initiated vide issuance of notice under Section 274

SWAMINARAYAN CO.OP.BANK LTD.,,BARODA vs. THE ACIT, CIRCLE-3(1),, BARODA

In the result, the appeal of the Assessee is allowed

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.1411/Ahd/2019 "नधा"रण वष" /Assessment Year : 2010-11 Swaminarayan Co-Op. Bank Ltd. The Acit बना 1, Ashok Chambers Circle-3(1) Opp. Pathak Gate Police Station Ahmedabad म/ Madanzampa Road V/S. Vadodara 390 001 (Gujarat) "थायी लेखा सं./Pan: Aaaas 1932 N अपीलाथ"/ (Appellant) …… "" यथ"/ (Respondent) Assessee By : Shri Ashish Kanabar, Ar Revenue By : Shri Ashok Natha Bhalekar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 07/08/2024 घोषणा क" तार"ख /Date Of Pronouncement: 9/08/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am: This Appeal Is Filed By The Assessee As Against The Order Dated 08/07/2019 Passed By The Commissioner Of Income-Tax (Appeals)-3, Vadodara [Hereinafter Referred To As “The Ld.Cit(A)” In Short] Arising Out Of The Penalty Order Dated 27/02/2019 Passed By The Assessing Officer (Ao) Under Section 271(1)(C) Of The Income Tax Act, 1961 (Hereinafter Referred To As "The Act") Relevant To The Assessment Year (Ay) 2010-11. Swaminarayan Co-Op. Bank Ltd. Vs. Acit Asst. Year : 2010-11

depreciation only and therefore the same cannot be treated as concealment for the present proceeding initiated by you w/s 271(1)(c). Under the circumstances requested to the drop the penal proceeding us 271(1)(c) and do not create unnecessary demand particularly when the bank is under liquidation and the principle outstanding tax is also not recoverable

WELSPUN PROJECTS LTD.(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.),BARODA vs. THE ACIT, CIRCLE-4,, BARODA

In the result, appeals of Revenue are dismissed, whereas quantum appeal of the assessee in ITA No

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No.2484 & 2485/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2000-2001 Welspun Projects Ltd. (Formerly Vs. Acit, Cir.4 Known As Msk Projects Baroda. 707-708, Sterling Centre R.C.Dutta Road, Baroda 390 005. Pan : Aabcm 4107 C

section 271(1)(c) of the Act vide order ITA No.2484/Ahd/2014 and 4 Others ACIT Vs. Welspun Projects Ltd. 7 dated 24.7.2013. This time he has imposed penalty at Rs.26,81,000/- on addition of Rs.69,61,227/- i.e. Rs.42,77,609/- plus Rs.26,83,680/-. 17. With the assistance of the ld.representatives, we have gone through the record carefully

THE ACIT, CIRCLE-4,, BARODA vs. M/S. WELSPUN PROJECTS LTD.,(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.,), BARODA

In the result, appeals of Revenue are dismissed, whereas quantum appeal of the assessee in ITA No

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No.2484 & 2485/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2000-2001 Welspun Projects Ltd. (Formerly Vs. Acit, Cir.4 Known As Msk Projects Baroda. 707-708, Sterling Centre R.C.Dutta Road, Baroda 390 005. Pan : Aabcm 4107 C

section 271(1)(c) of the Act vide order ITA No.2484/Ahd/2014 and 4 Others ACIT Vs. Welspun Projects Ltd. 7 dated 24.7.2013. This time he has imposed penalty at Rs.26,81,000/- on addition of Rs.69,61,227/- i.e. Rs.42,77,609/- plus Rs.26,83,680/-. 17. With the assistance of the ld.representatives, we have gone through the record carefully

WELSPUN PROJECTS LTD.(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.),BARODA vs. THE DY.CIT, CIRCLE-4,, BARODA

In the result, appeals of Revenue are dismissed, whereas quantum appeal of the assessee in ITA No

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No.2484 & 2485/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2000-2001 Welspun Projects Ltd. (Formerly Vs. Acit, Cir.4 Known As Msk Projects Baroda. 707-708, Sterling Centre R.C.Dutta Road, Baroda 390 005. Pan : Aabcm 4107 C

section 271(1)(c) of the Act vide order ITA No.2484/Ahd/2014 and 4 Others ACIT Vs. Welspun Projects Ltd. 7 dated 24.7.2013. This time he has imposed penalty at Rs.26,81,000/- on addition of Rs.69,61,227/- i.e. Rs.42,77,609/- plus Rs.26,83,680/-. 17. With the assistance of the ld.representatives, we have gone through the record carefully

THE ACIT, CIRCLE-4,, BARODA vs. M/S. WELSPUN PROJECTS LTD.,(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.,), BARODA

In the result, appeals of Revenue are dismissed, whereas quantum appeal of the assessee in ITA No

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No.2484 & 2485/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2000-2001 Welspun Projects Ltd. (Formerly Vs. Acit, Cir.4 Known As Msk Projects Baroda. 707-708, Sterling Centre R.C.Dutta Road, Baroda 390 005. Pan : Aabcm 4107 C

section 271(1)(c) of the Act vide order ITA No.2484/Ahd/2014 and 4 Others ACIT Vs. Welspun Projects Ltd. 7 dated 24.7.2013. This time he has imposed penalty at Rs.26,81,000/- on addition of Rs.69,61,227/- i.e. Rs.42,77,609/- plus Rs.26,83,680/-. 17. With the assistance of the ld.representatives, we have gone through the record carefully

THE ACIT, CIRCLE-4,, BARODA vs. M/S. WELSPUN PROJECTS LTD.,(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.,), BARODA

In the result, appeals of Revenue are dismissed, whereas quantum appeal of the assessee in ITA No

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No.2484 & 2485/Ahd/2014 "नधा"रण वष"/Asstt. Year: 2000-2001 Welspun Projects Ltd. (Formerly Vs. Acit, Cir.4 Known As Msk Projects Baroda. 707-708, Sterling Centre R.C.Dutta Road, Baroda 390 005. Pan : Aabcm 4107 C

section 271(1)(c) of the Act vide order ITA No.2484/Ahd/2014 and 4 Others ACIT Vs. Welspun Projects Ltd. 7 dated 24.7.2013. This time he has imposed penalty at Rs.26,81,000/- on addition of Rs.69,61,227/- i.e. Rs.42,77,609/- plus Rs.26,83,680/-. 17. With the assistance of the ld.representatives, we have gone through the record carefully

DEEPAK PETROCHEM LTD.,,BARODA vs. THE DCIT.,CIRCLE-1(1),, BARODA

In the result, appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Amarjit Singhआयकर अपील सं./ Ita No.2469/Ahd/2013 "नधा"रण वष"/Asstt. Year: 2002-03 Deepak Petrochem Ltd. Vs. Dcit, Cir.1(1) 303, Bn Chambers Baroda. R.C. Dutt Road Baroda 390 005. Pan : Aaacd 7462 L

depreciation of earlier years at Rs.1,13,22,553/-. Dispute travelled to the Tribunal, and the Tribunal has confirmed the addition vide ITA No.739/Ahd/2011 decided on 2.3.2017. The ld.AO has initiated penalty proceedings and issued notice under section 274

SWIFT KNIT PVT. LTD.,,BARODA vs. THE INCOME TAX OFFICER, WARD-4(3),, BARODA

In the result, appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No.533/Ahd/2014 "नधा"रण वष"/Assessment Year: 2006-2007

274 r.w.s. 271(1)(c) of the Act inviting explanation of the assessee as to why penalty under the above provision should not be imposed upon it. In response to the query of the AO, the assessee submitted its reply which has been reproduced in para 4 of the impugned penalty order. The ld.AO thereafter imposed penalty of Rs.4