THE ACIT,GNR CIRCLE,, GANDHINAGAR vs. M/S. GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD., GANDHINAGAR

Appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

addition to the extent of Rs.6,85,64,678/-.” 6. The Learned AR for the assessee before us submitted as under: 6.1 The submission of the assessee for the confirmation of disallowance of Rs. 25,00,000/- “The exempt dividend income

M/S. GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD.,GANDHINAGAR vs. THE JT.CIT.,GNR RANGE,, GANDHINAGAR

Appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

addition to the extent of Rs.6,85,64,678/-.” 6. The Learned AR for the assessee before us submitted as under: 6.1 The submission of the assessee for the confirmation of disallowance of Rs. 25,00,000/- “The exempt dividend income

THE DCITGANDHINAGAR CIRCLE,, GANDHINAGAR vs. M/S. GUJARAT INDUSTRIAL INVESTMENT CORPORATION, GANDHINAGAR

Appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

addition to the extent of Rs.6,85,64,678/-.” 6. The Learned AR for the assessee before us submitted as under: 6.1 The submission of the assessee for the confirmation of disallowance of Rs. 25,00,000/- “The exempt dividend income

M/S. GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD.,GANDHINAGAR vs. THE ADDL.CIT.,GANDHINAGAR CIRCLE,, GANDHINAGAR

Appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

addition to the extent of Rs.6,85,64,678/-.” 6. The Learned AR for the assessee before us submitted as under: 6.1 The submission of the assessee for the confirmation of disallowance of Rs. 25,00,000/- “The exempt dividend income

SUZLON ENERGY LTD.,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), AHMEDABAD

In the result the Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

addition of Rs.89,00,000 made by the AO for computation of the income for the purposes of Minimum Alternate Tax (MAT) under section 115JB of the Act. This pertained to the expenditure incurred for earning exempt income under section 14A read with Rule 8D. The ITAT has rightly held that this being in the nature of disallowance

SUZLON ENERGY LTD.,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), AHMEDABAD

In the result the Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

addition of Rs.89,00,000 made by the AO for computation of the income for the purposes of Minimum Alternate Tax (MAT) under section 115JB of the Act. This pertained to the expenditure incurred for earning exempt income under section 14A read with Rule 8D. The ITAT has rightly held that this being in the nature of disallowance

THE DY. COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), AHMEDABAD vs. SUZLON ENERGY LTD.,, AHMEDABAD

In the result the Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

addition of Rs.89,00,000 made by the AO for computation of the income for the purposes of Minimum Alternate Tax (MAT) under section 115JB of the Act. This pertained to the expenditure incurred for earning exempt income under section 14A read with Rule 8D. The ITAT has rightly held that this being in the nature of disallowance

THE DY. COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), AHMEDABAD vs. SUZLON ENERGY LTD.,, AHMEDABAD

In the result the Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

addition of Rs.89,00,000 made by the AO for computation of the income for the purposes of Minimum Alternate Tax (MAT) under section 115JB of the Act. This pertained to the expenditure incurred for earning exempt income under section 14A read with Rule 8D. The ITAT has rightly held that this being in the nature of disallowance

DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. ADANI PROPERTIES PVT LTD., AHMEDABAD

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

addition to the total income of the assessee. 5. The AO, further, while computing the income under the head MAT in pursuance to the provisions of section 115 JB of the Act has also considered the impugned amount of disallowance

ADANI PROPERTIES PVT LTD.,AHMEDABAD vs. DCIT, CIRCLE-1(1)(1),, AHMEDABAD

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

addition to the total income of the assessee. 5. The AO, further, while computing the income under the head MAT in pursuance to the provisions of section 115 JB of the Act has also considered the impugned amount of disallowance

NIRMA CHEMICALS WORKS PVT.LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

disallowance under section 14A of the Act instead of deleting the hundred percent addition made by the AO. 6. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of Vehicle Hiring and Trading in Share & Securities. The assessee in the year under consideration has declared exempt income

NIRMA CHEMICALS WORKS PVT.LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

disallowance under section 14A of the Act instead of deleting the hundred percent addition made by the AO. 6. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of Vehicle Hiring and Trading in Share & Securities. The assessee in the year under consideration has declared exempt income

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

disallowance under section 14A of the Act instead of deleting the hundred percent addition made by the AO. 6. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of Vehicle Hiring and Trading in Share & Securities. The assessee in the year under consideration has declared exempt income

NIRMA CHEMICAL WORKS PVT.LTD.,,AHMEDABAD vs. THE ACIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

disallowance under section 14A of the Act instead of deleting the hundred percent addition made by the AO. 6. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of Vehicle Hiring and Trading in Share & Securities. The assessee in the year under consideration has declared exempt income

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

disallowance under section 14A of the Act instead of deleting the hundred percent addition made by the AO. 6. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of Vehicle Hiring and Trading in Share & Securities. The assessee in the year under consideration has declared exempt income

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

disallowance under section 14A of the Act instead of deleting the hundred percent addition made by the AO. 6. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of Vehicle Hiring and Trading in Share & Securities. The assessee in the year under consideration has declared exempt income

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

income as per particulars tabulated below. The cases were selected for scrutiny and notices under section 143(2) were issued and duly served. The Assessing Officer, after examining the material placed on record, made various disallowances and additions

THE DY. CIT, GANDHINAGAR CIRCLE,, GANDHINAGAR vs. M/S. KALPARATRU POWER TRANSMISSION LIMITED,, GANDHINAGAR

Appeal of the assessee is dismissed

income towards administrative and other expenditure. The AO has applied Rule 8D and worked out disallowance of Rs.2,05,15,540 being 0.5% of average investments. As Appellant has made suo moto disallowance of Rs.60,000, net addition