ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 2(1) (1) AHMEDABAD, VEJALPUR AHMEDABAD vs. INDUCTOTHERM (INDIA) PRIVATE LIMITED, AHMEDABAD

Appeal are dismissed

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

161 ITD 393], which had held that Section 14A of the Act disallowance cannot be added to the book profit under Section 115JB of the Act. These rulings were based on the clear distinction between the normal tax computation and the computation under MAT. The Bench, in the earlier year, also held that the book profit under Section 115JB

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

disallowing the claim of the assessee has been duly considered by the Special Bench Tribunal decision in the case of Biocon supra and relief was allowed to the assessee. The Counsel for the assessee submitted that ESOP scheme under which the benefits were provided to its employees was forming part of the Annual Report, for the year under consideration (reference

ACIT, CIRCLE-1(1)(1), AHMEDABAD, VEJALPUR vs. AXIS BANK LTD, ELISBRIDGE

In the result, the appeal of the Department is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

disallowing the claim of the assessee has been duly considered by the Special Bench Tribunal decision in the case of Biocon supra and relief was allowed to the assessee. The Counsel for the assessee submitted that ESOP scheme under which the benefits were provided to its employees was forming part of the Annual Report, for the year under consideration (reference

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

disallowing the claim of the assessee has been duly considered by the Special Bench Tribunal decision in the case of Biocon supra and relief was allowed to the assessee. The Counsel for the assessee submitted that ESOP scheme under which the benefits were provided to its employees was forming part of the Annual Report, for the year under consideration (reference

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

disallowing the claim of the assessee has been duly considered by the Special Bench Tribunal decision in the case of Biocon supra and relief was allowed to the assessee. The Counsel for the assessee submitted that ESOP scheme under which the benefits were provided to its employees was forming part of the Annual Report, for the year under consideration (reference

TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. ACIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

1 Zao Torrent Pharma 20,51,66,850/- 08-08-2012 28-03-2013 2 Zao Torrent Pharma 15,19,72,500/- 16-11-2011 18-05-2012 55.1 The TPO found that as per the provision of FEMA 1999 and RBI master circular No. 15/2014-15 dated 01-07-2014, the process of allotment of shares/equity instrument shall be completed

M/S. BODAL CHEMICALS LIMITED,AHMEDABAD vs. THE DY.CIT., CENTRAL CIRCLE-1(1),, AHMEDABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

161 taxmann.com 441), wherein it has been held that sections 68 and 69C are not applicable in such circumstances. Accordingly, the disallowance deserves to be deleted. 6.3 The Ld. DR, on the other hand, relied on the letter of CBDT dated 26.09.2018 stating the trust never had approval during the relevant period and also relied on the reply of DSIR

AIA ENGIONEERING LTD.,AHMEDABAD vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, AHMEDABAD-1, AHMEDABAD

In the result, the appeals filed by the assessee are hereby allowed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

disallowed the above donation and CSR expenses while calculating its business income. The assessee claimed deduction of Rs.2,87,80,500/- in respect of CSR expenses of Rs.5,65,61,000/- under section 80G of the Act, which is the only claim made under Chapter VI-A. The return was taken up for scrutiny assessment and the claim of deduction

AIA ENGINEERING LTD.,AHMEDABAD vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, AHMEDABAD-1, AHMEDABAD

In the result, the appeals filed by the assessee are hereby allowed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

disallowed the above donation and CSR expenses while calculating its business income. The assessee claimed deduction of Rs.2,87,80,500/- in respect of CSR expenses of Rs.5,65,61,000/- under section 80G of the Act, which is the only claim made under Chapter VI-A. The return was taken up for scrutiny assessment and the claim of deduction

SHRI MAHAVIR GOPALAN CHARITABLE TRUST,KAPADVANJ vs. THE ITO(EXEMPTIONS) BHAVNAGAR PRESENTLY THE ITO (EXEMPTION), VADODARA

In the result, appeal filed by the assessee is allowed

disallowance of claim of\ndeemed application of its income by the AO. And, the\nLd.CIT(A) appears to have been passed order without\nunderstanding the underlying issue, which was there before\nit.\nWe shall explain the reasons for arriving at our above\nunfortunate conclusions as under:\nWhile the order of the Ld. CIT(A) begins with reproduction\nof grounds

SWARNIMTOUCH SOLUTIONS PRIVATE LIMITED,AHMEDABAD vs. ITO WARD 4(1)(1), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

disallowed through intimation issued under section 143(1) merely on account of delay in filing the prescribed form. Swarnimtouch Solutions Pvt. Ltd. vs. ITO Asst. Year –2024-25 - 5– 11. Similarly, the Mumbai Bench of the Tribunal in Income-tax Officer (Exemption) vs. Seth Damji Laxmichand Jain Dharma Sthanak [2025] 179 taxmann.com 574 (Mumbai - Trib.) / [2025] 215 ITD 415 (Mumbai

SADBHAV ENGINEERING LTD.,AHMEDABAD vs. DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD, DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD

In the result, all the appeals of the assessee are partly allowed\nand that of the Revenue are dismissed

disallowances, therefore,\nmade was to be treated as business income of the assessee alone, and\nholding so, he held that the assessee was not liable to be taxed at a\nspecial rate under section 115BBE of the Act nor the assessee to be\ndenied deduction under section 80IA(4) of the Act on account of the\nsame.\n72. We have

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC (1) AHMEDABAD, AHMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC 1(1) AHMEDABAD, AHEMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

In the result, the appeal of the Revenue in ITA No

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

161 taxmann.com 79 (Madras) (ii) Ashok Kumar Makhija v. Union of India, 920240 162 taxmann.com 514 (Delhi) (iii) Twylight Infrastructure (P.) Ltd. vs. ITO,(2024) 158 taxmann.com 378 (Delhi) (iv) Cipla Pharma and Life Sciences Ltd. V. DCIT (2024) 164 taxmann.com 663 (Bombay) (v) Ravindra Reddy Katamreddy vs. DCIT,(2024) 159 taxmann.com 5 (Bombay) (vi) Gigantic Mercantile