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)

disallowance u/s.14A is to be made only if assessee has earned exempt income during the year, hence the claim of No exempt

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)

disallowance u/s.14A is to be made only if assessee has earned exempt income during the year, hence the claim of No exempt

N. K. PROTEINS LTD.,AHMEDABAD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1)(1), AHMEDABAD

Bench: Or During The Course Of Hearing Of The Appeal.”

disallowance u/s.14A cannot be made even there is no exempt income or disallowance u/s.14A is required to be restricted to such

ANANYA FINANCE FOR INCLUSIVE GROWTH PVT. LTD.,,AHMEDABAD vs. THE ASST.COMMISSIONER OF INCOME TAX CIRCLE-1(1)(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

disallowance to exempt income in case of A.Y. 2012-13 and deleted the disallowance where there was no exempt income

ANANYA FINANCE FOR INCLUSIVE GROWTH PVT.LTD.,,AHMEDABAD vs. DY.COMMISSIONER OF INCOME TAX,CIRCLE-1(1)(2),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

disallowance to exempt income in case of A.Y. 2012-13 and deleted the disallowance where there was no exempt income

ANANYA FINANCE FOR INCLUSIVE GROWTH PVT.LTD.,,AHMEDABAD vs. DY.COMMISSIONER OF INCOME TAX,CIRCLE-1(1)(2),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

disallowance to exempt income in case of A.Y. 2012-13 and deleted the disallowance where there was no exempt income

THE DY.COMMISSIONER OF INCOME TAX CIRCLE-1(1)(1),, AHMEDABAD vs. M/S. ANANYA FINANCE FOR INCLUSIVE GROWTH PVT. LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

disallowance to exempt income in case of A.Y. 2012-13 and deleted the disallowance where there was no exempt income

ANANYA FINANCE FOR INCLUSIVE GROWTH PVT.LTD.,,AHMEDABAD vs. DY.COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

disallowance to exempt income in case of A.Y. 2012-13 and deleted the disallowance where there was no exempt income

MID VALLEY HEALTH CARE SERVICES PVT. LTD.,,AHMEDABAD vs. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2),, AHMEDABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 1863/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2015-16 Mid Valley Health Care Services Pvt. Ltd., A.C.I.T., Corporate House No.21, Vs. Circle 2(1)(2), Magnet Corporate Park, Ahmedabad. 100Ft. Hebatpur Thaltej Road, S.G.Highway, Ahmedabad.

disallowance of Rs.42,89,298/- against such exempted income besides the disallowance made u/s 14A of the Act for Rs.67

THE ARVIND LTD,AHMEDABAD vs. THE ACIT.,CIRCLE-1,, AHMEDABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 862/Ahd/2012 िनधा"रण वष"/Asstt. Year: 2007-2008 Arvind Ltd.(Earlier Known As Arvind A.C.I.T., Mills Ltd.), Vs. Circle-1, Naroda Road, Ahmedabad. Naroda, Ahmedabad.

exempt income which are to be disallowed under section 1A A. Therefore disallowance under section 14 A is necessary. Coming

ORIENTAL ENTERPRISE PRIVATE LIMITED,VADODARA vs. THE ACIT, CIRCLE-2(1)(2), VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

exempt from tax. However, the assessee did not disallow any expenses related to earning this exempt income. The assessee claimed

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE 2(1)(1), VADODARA, VADODARA vs. ORIENTAL ENTERPRISES PRIVATE LIMITED,, PCC NOTIFIED AREA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

exempt from tax. However, the assessee did not disallow any expenses related to earning this exempt income. The assessee claimed

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-2(1)(1), VADODARA, VADODARA vs. ORIENTAL ENTERPRISES PRIVATE LIMITED, PCC NOTIFIED AREA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

exempt from tax. However, the assessee did not disallow any expenses related to earning this exempt income. The assessee claimed

D.B. CORP. LIMITED,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD

In the result, the cross appeals of revenue and the assesee are dismissed

disallowance shall be made under Section 14A of the Act and if the Appellant has earned any exempt income, disallowance

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. D.B. CORP. LTD.,, AHMEDABAD

In the result, the cross appeals of revenue and the assesee are dismissed

disallowance shall be made under Section 14A of the Act and if the Appellant has earned any exempt income, disallowance

THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2),, AHMEDABAD vs. M/S. MAS FINANCIAL SERVICES LTD.,, AHMEDABAD

In the result, the Revenue appeal is dismissed

Bench: Shri Amarjit Singh & Smt. Madhumita Royआयकरअपीलसं.It No. 2565/Ahd/2017 "नधा"रणवष"/Asstt. Year: 2014-15

exempt. Therefore no disallowance u/s. 14A is called for and in any case, the disallowance cannot exceed to the exempt

AXIS BANK LTD.,,AHMEDABAD vs. THE ADDL.CIT, RANGE-I, AHMEDABAD

disallowance of expense relating to exempt income. Such disallowance was considered necessary since appellant disallowed only Rs 0.64 crores out of common

DCIT, CENTRAL CIRCLE- 1(3), AHMEDABAD vs. M/S LOK PRAKASHAN LTD., AHMEDABAD

The appeal of the Revenue is dismissed accordingly

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita Nos.290 & 291/Ahd/2023 िनधा"रण वष" /Assessment Years : 2017-18 & 2018-19 Respectively Lok Prakashan Limited The Acit बनाम/ Gujarat Samachar Bhavan Central Circle-1(3) V/S. J.P. Chowk, Khanpur Ahmedabad – 380 009 Ahmedabad – 380 001 (अपीलाथ%/ Appellant) ('( यथ%/ Respondent) "थायी लेखा सं./Pan: Aaacl 2742 F

disallowance should not exceed the exempt income earned and that investments not yielding exempt income should be excluded from the calculation