AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT., CIRCLE-1(1)(1),, AHMEDABAD

In the result, the appeal of the Department is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

15A) of the Indian Companies Act, 1956 which defines ESOP to mean the option given to employees which gives them the right to purchase or subscribe to securities at a future date but at a predetermined price. Therefore, the AO was of the view that in view of such Section, the option shall be granted at a predetermined price. Even

ACIT, CIRCLE-1(1)(1), AHMEDABAD, VEJALPUR vs. AXIS BANK LIMITED, ELLISBRIDGE

In the result, the appeal of the Department is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

15A) of the Indian Companies Act, 1956 which defines ESOP to mean the option given to employees which gives them the right to purchase or subscribe to securities at a future date but at a predetermined price. Therefore, the AO was of the view that in view of such Section, the option shall be granted at a predetermined price. Even

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

section 32(1), 43(1) and 43(6)to the tune of Rs.1,90,09,241/-under normal provisions of the Act “5. On the facts and circumstances of the case and in law, the Ld. CIT(A) erred in deleting the addition of Rs. 1,90,09,241/- made by the AO on account disallowance of depreciation on Goodwill

INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-2(1)(1),, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

disallowance of Rs 97,286. 17. Ground no. 4 is thus allowed. 18. In ground no. 5, the assessee has raised the following grievance: 5. On the facts and circumstances of the case and in law, the Hon’ble DRP and the AO have erred in ignoring the material placed before them and in denying the claim of the Appellant

INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-4,, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

disallowance of Rs 97,286. 17. Ground no. 4 is thus allowed. 18. In ground no. 5, the assessee has raised the following grievance: 5. On the facts and circumstances of the case and in law, the Hon’ble DRP and the AO have erred in ignoring the material placed before them and in denying the claim of the Appellant

INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE JT.CIT.,RANGE-4,, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

disallowance of Rs 97,286. 17. Ground no. 4 is thus allowed. 18. In ground no. 5, the assessee has raised the following grievance: 5. On the facts and circumstances of the case and in law, the Hon’ble DRP and the AO have erred in ignoring the material placed before them and in denying the claim of the Appellant