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)

1 (Delhi); CIT v. Ceanattu Firms [1986] 160 ITR 588, 591 (Ker.). Another aspect which is incidental to the proposition that if there is no exempt income earned, there can be no disallowance u/s.14A of the Act, is the revenue's reliance on the Hon'ble Apex Court decision in Maxopp Investment Ltd. v. CIT(2018) 91 taxmann.com

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)

1 (Delhi); CIT v. Ceanattu Firms [1986] 160 ITR 588, 591 (Ker.). Another aspect which is incidental to the proposition that if there is no exempt income earned, there can be no disallowance u/s.14A of the Act, is the revenue's reliance on the Hon'ble Apex Court decision in Maxopp Investment Ltd. v. CIT(2018) 91 taxmann.com

AMBALAL SARABHAI ENTERPRISES LIMITED,,BARODA vs. THE ACIT.,CIRCLE-1(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

THE DY.COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHAI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

AMBALAL SARABHAI ENTERPRISES LIMITED,,BARODA vs. THE ACIT.,CIRCLE-1(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY.COMMISSIONER OF INCOME TAX,CIRCLE-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

160 14,83,250 Plant and - - - - Machinery Claim of Depreciation - 6,377 - - - 8,044 at higher rate Disallowance 2,96,005 67,97,562 - - - - u/s 40(a)(i) Deduction - - u/s 43B - - - 7,19,293 U/s 40A(3) - - - - - 4,45,971 U/s 40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore

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

160 Donations - Investments written off 1,342,000 Prior Period Expenses 979,496 Provision on Non Performing Assets 827,002,427 870,419,056 1,010,059,272 Less: Amounts not taxable/considered separately: Dividend received from Domestic Company 11,966,238 Profit on sale of Fixed Assets 3,783 Profit on sale of Investments

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

160 Donations - Investments written off 1,342,000 Prior Period Expenses 979,496 Provision on Non Performing Assets 827,002,427 870,419,056 1,010,059,272 Less: Amounts not taxable/considered separately: Dividend received from Domestic Company 11,966,238 Profit on sale of Fixed Assets 3,783 Profit on sale of Investments

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

160 Donations - Investments written off 1,342,000 Prior Period Expenses 979,496 Provision on Non Performing Assets 827,002,427 870,419,056 1,010,059,272 Less: Amounts not taxable/considered separately: Dividend received from Domestic Company 11,966,238 Profit on sale of Fixed Assets 3,783 Profit on sale of Investments

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

Appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

160 Donations - Investments written off 1,342,000 Prior Period Expenses 979,496 Provision on Non Performing Assets 827,002,427 870,419,056 1,010,059,272 Less: Amounts not taxable/considered separately: Dividend received from Domestic Company 11,966,238 Profit on sale of Fixed Assets 3,783 Profit on sale of Investments

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

160 Donations - Investments written off 1,342,000 Prior Period Expenses 979,496 Provision on Non Performing Assets 827,002,427 870,419,056 1,010,059,272 Less: Amounts not taxable/considered separately: Dividend received from Domestic Company 11,966,238 Profit on sale of Fixed Assets 3,783 Profit on sale of Investments

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

160 Donations - Investments written off 1,342,000 Prior Period Expenses 979,496 Provision on Non Performing Assets 827,002,427 870,419,056 1,010,059,272 Less: Amounts not taxable/considered separately: Dividend received from Domestic Company 11,966,238 Profit on sale of Fixed Assets 3,783 Profit on sale of Investments

INCOME-TAX OFFICER, WARD-4(1)(1), AHMEDABAD, AHMEDABAD vs. TAYLORMADE RENEWABLES LIMITED, AHMEDABAD

The appeal of the Revenue is allowed whereas the cross objection of the assessee is dismissed

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinhaassessment Year: 2018-19

Section 35(1)(ii) in respect of the donations made to this Institute. In view of this fact, the Assessing Officer had rightly disallowed the claim of the assessee. The Ld. Sr. DR also relied upon the following decisions in this regard: - i) Iolite Cube Inframaterial Limited vs DCIT, 172 taxmann.com 617 (Ahmedabad Tribunal) II) C K Zipper (P.) Limited