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)

set off of brought forward depreciation to the extent of Rs.48,03,58,938 as claimed by the assessee in its return of income, which included depreciation losses

THE DCIT ( INTERNATIONAL TAXATION ),, AHMEDABAD vs. BLACK PEARL SERVICES LIMITED, G.S.E.C. LTD., AHMEDABAD

Appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Ms Madhumita Royआयकर अपील सं./Ita Nos. 2813-2815/Ahd/2017 "नधा"रण वष"/Asstt. Years: 2011-2012 To 2013-14 The D.C.I.T, Black Pearl Services Limited, (International Taxation), Vs. 2Nd Floor, Gujarat Chamber Of Ahmedabad Commerce Building, ‘’Sangram.’’ Ashram Road, Ahmedabad. Pan: Aaecb1176H

set off of the brought forward loss/ unabsorbed depreciation. Thus the set off of the brought forward loss/ unabsorbed depreciation

THE DCIT ( INTERNATIONAL TAXATION ),, AHMEDABAD vs. BLACK PEARL SERVICES LIMITED, G.S.E.C. LTD., AHMEDABAD

Appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Ms Madhumita Royआयकर अपील सं./Ita Nos. 2813-2815/Ahd/2017 "नधा"रण वष"/Asstt. Years: 2011-2012 To 2013-14 The D.C.I.T, Black Pearl Services Limited, (International Taxation), Vs. 2Nd Floor, Gujarat Chamber Of Ahmedabad Commerce Building, ‘’Sangram.’’ Ashram Road, Ahmedabad. Pan: Aaecb1176H

set off of the brought forward loss/ unabsorbed depreciation. Thus the set off of the brought forward loss/ unabsorbed depreciation

THE DCIT ( INTERNATIONAL TAXATION ),, AHMEDABAD vs. BLACK PEARL SERVICES LIMITED, G.S.E.C. LTD., AHMEDABAD

Appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Ms Madhumita Royआयकर अपील सं./Ita Nos. 2813-2815/Ahd/2017 "नधा"रण वष"/Asstt. Years: 2011-2012 To 2013-14 The D.C.I.T, Black Pearl Services Limited, (International Taxation), Vs. 2Nd Floor, Gujarat Chamber Of Ahmedabad Commerce Building, ‘’Sangram.’’ Ashram Road, Ahmedabad. Pan: Aaecb1176H

set off of the brought forward loss/ unabsorbed depreciation. Thus the set off of the brought forward loss/ unabsorbed depreciation

SCARLETT DESIGNS PVT. LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-8(1),, AHMEDABAD

In the result, the appeal of the assessee stands allowed

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

Set-off against the brought forward Short-term capital loss for A.Y.2009-10 16,17,834/- Nil Long Term Capital Loss (-) 30,586/- ____________ Gross Total Income (-) 21,93,102/- 2. The assessee company has claimed to allow the following current/brought forward losses in the e-filed return. 1. Unabsorbed depreciation

THE ITO, WARD-3(1)(2),, AHMEDABAD vs. M/S. PARRY ENGINEERING & ELECTRONICS PVT. LTD.,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Pradipkumar Kedia"नधा"रण वष"/ Asstt. Year: 2013-14 Ito, Ward-3(1)(2) M/S.Parry Engineering & Electronics Ahmedabad. B-608, Nirman Complex Vs. Opp: Havmor Restaurant Navrangpura Ahmedabad 380 009. Pan Aaacp 6747 J

depreciation and losses have already been set off, those loss and depreciation do not go to reduce the gross total

THE ACIT, CIRCLE-5,, AHMEDABAD vs. PARRY ENGINNERING & ELECTRONICS PVT.LTD.,, AHMEDABAD

In the result, appeals of the revenue are dismissed

Bench: Shri Pramod Kumar & Shri Rajpal Yadavसव"ी Izeksn Dqekj Izeksn Dqekj Izeksn Dqekj लेखा सद"य, एवं राजपाल यादव "या"यक सद"य के सम"। Izeksn Dqekj आयकर अपील सं./ Ita Nos. 1033 & 1034/Ahd/2015 "नधा"रण वष"/Assessment Years: 2010-11 & 2011-12 Income Tax Officer, Parry Engineering & Ward-3(1)(2), Vs Electronics Pvt. Ltd. Ahmedabad. B-608, Nirman Complex, Opp. Havmore Restaurant, Navrangpura, Ahmedabad. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacp 6747 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Revenue By : Shri Saurabh Singh, Sr.D.R. Assessee By : Shri G. C. Pipara, A.R.

depreciation and losses have already been set off, those loss and depreciation do not go to reduce the gross total

THE ITO, WARD-5(2),, AHMEDABAD vs. PARRY ENGINNERING & ELECTRONICS PVT.LTD.,, AHMEDABAD

In the result, appeals of the revenue are dismissed

Bench: Shri Pramod Kumar & Shri Rajpal Yadavसव"ी Izeksn Dqekj Izeksn Dqekj Izeksn Dqekj लेखा सद"य, एवं राजपाल यादव "या"यक सद"य के सम"। Izeksn Dqekj आयकर अपील सं./ Ita Nos. 1033 & 1034/Ahd/2015 "नधा"रण वष"/Assessment Years: 2010-11 & 2011-12 Income Tax Officer, Parry Engineering & Ward-3(1)(2), Vs Electronics Pvt. Ltd. Ahmedabad. B-608, Nirman Complex, Opp. Havmore Restaurant, Navrangpura, Ahmedabad. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacp 6747 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Revenue By : Shri Saurabh Singh, Sr.D.R. Assessee By : Shri G. C. Pipara, A.R.

depreciation and losses have already been set off, those loss and depreciation do not go to reduce the gross total

RAJENDRA SHIP BREAKERS PVT. LTD.,BHAVNAGAR vs. THE DCIT, CIRCLE-1, BHAVNAGAR

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita No. 2177/Ahd/2018 "नधा"रण वष"/Asstt. Year: 2014-2015 Rajendra Ship Breakers Pvt. Ltd., D.C.I.T., D-79, Kalvibid, Vs. Circle-1, Nr. Ram Mantra Mandir, Bhavnagar. Bhavnagar-364002. Pan: Aabcr0105P

depreciation despite the fact that there was the loss in the immediate preceding two years amounting to Rs. 5,04,27,204/- (PY 12-13) and Rs. 3,74,46,497/- (PY 11-12) respectively. As such the said losses were set

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

In the result, appeal filed by the Revenue is dismissed

Bench: Us.

Loss from business the head Profit and gains and profession – from business and (4,29,10,457) Add profession without giving depreciation of Rs. effect of depreciation 28,88,76,261 Unabsorbed depreciation 4,29,10,457 Less: Set

GUJARAT URJA VIKAS NIGAM LTD.,,BARODA vs. THE PR. CIT.-1,, BARODA

In the result the appeal of the assessee is partly allowed

set off of unabsorbed business losses and depreciation. 2.1 The appellant submit that the unabsorbed brought forward losses and depreciation

GUJARAT MINERAL DEVELOPMENT CORPORATION LTD.,,AHMEDABAD vs. THE CIT(A), A'BAD-2,, AHMEDABAD

In the result, appeals of the assessee are partly allowed and the appeal of the revenue is dismissed

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

set off the losses of that unit for allowing the deduction. In the instant case, losses have been adjusted in the earlier years prior to the initial assessment year, no unadjusted business loss or depreciation

GUJARAT MINERAL DEVELOPMENT CORPORATION LTD.,,AHMEDABAD vs. THE DY. CIT.,CIRCLE-4(1)(1),, AHMEDABAD

In the result, appeals of the assessee are partly allowed and the appeal of the revenue is dismissed

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

set off the losses of that unit for allowing the deduction. In the instant case, losses have been adjusted in the earlier years prior to the initial assessment year, no unadjusted business loss or depreciation

THE DCIT, CIRCLE-4,, AHMEDABAD vs. M/S. GUJARAT MINERAL DEVELOPMENT CORPORATION LTD.,, AHMEDABAD

In the result, appeals of the assessee are partly allowed and the appeal of the revenue is dismissed

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

set off the losses of that unit for allowing the deduction. In the instant case, losses have been adjusted in the earlier years prior to the initial assessment year, no unadjusted business loss or depreciation

RATNAM METALS & TUBES LIMITED,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3),, AHMEDABAD

In the result, Ground No.1 of the assessee’s appeal is allowed for statistical purposes

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediaआयकर अपील सं./I.T.A. No. 2081/Ahd/2016 ("नधा"रण वष" / Assessment Year : 2012-13)

depreciation of windmill business even though such losses/depreciation have been duly set off against other income generated in the earlier assessment years. The assessee accordingly claimed deduction after set off of carry forward notional losses

M/S. ZAVERI & CO. PVT. LTD.,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-8,, AHMEDABAD

In the result, the appeal of the revenue is dismissed

losses of 1983-84, which could be set off against the income of the current ITA Nos.630 & 864 /Ahd/2017 Assessment Year: 2011-12 Page 23 of 25 assessment year 1984-85, the recomputation of income from the new industrial undertaking by setting off the carry forward of unabsorbed depreciation

THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD vs. M/S. ZAVERI & CO. LTD.,, AHMEDABAD

In the result, the appeal of the revenue is dismissed

losses of 1983-84, which could be set off against the income of the current ITA Nos.630 & 864 /Ahd/2017 Assessment Year: 2011-12 Page 23 of 25 assessment year 1984-85, the recomputation of income from the new industrial undertaking by setting off the carry forward of unabsorbed depreciation

ELITECORE TECHNOLOGIES PRIVATE LIMITED,AHMEDABAD vs. THE PR. CIT.-2,, AHMEDABAD

In the result, assessee’s appeal is allowed

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

setting off the unabsorbed losses and depreciation of Mumbai unit, while computing the deduction under section 10A of the Act. 5. Feeling