DCIT (EXEMPTION), CIRCLE-1, BANGLORE vs. VYAKTI VIKAS KENDRA INDIA,, AHMEDABAD

In the result revenue’s appeal is dismissed

Bench: Shri Pramod Kumar& Ms. Madhumita Roy

164(2) of the Act. Ultimately it was held that exemption under section 11 is available to the assessee only on the income to the extent the same is derived in conformity of section 11 and 9.10. Taking into consideration the ratio laid down by the aforesaid judgement we find that there is a factual difference between the eligibility

DCIT (EXEMPTION), CIRCLE-1, BANGLORE vs. VYAKTI VIKAS KENDRA INDIA,, AHMEDABAD

In the result revenue’s appeal is dismissed

Bench: Shri Pramod Kumar& Ms. Madhumita Roy

164(2) of the Act. Ultimately it was held that exemption under section 11 is available to the assessee only on the income to the extent the same is derived in conformity of section 11 and 9.10. Taking into consideration the ratio laid down by the aforesaid judgement we find that there is a factual difference between the eligibility

THE ACIT, (EXEMPTION) CIRCLE-1, AHMEDABAD vs. VYAKTI VIKAS KENDRA INDIA, AHMEDABAD

In the result revenue’s appeal is dismissed

Bench: Shri Pramod Kumar& Ms. Madhumita Roy

164(2) of the Act. Ultimately it was held that exemption under section 11 is available to the assessee only on the income to the extent the same is derived in conformity of section 11 and 9.10. Taking into consideration the ratio laid down by the aforesaid judgement we find that there is a factual difference between the eligibility

THE DCIT, CIRCLE-1(3), AHMEDABAD vs. EDELWEISS BROKING LTD., AHMEDABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Justice P.P. Bhatt, Hon’Ble & Shri Waseem Ahmed

2,000 may be charged to depreciation in each year over the next five years. There are several methods used to calculate depreciation. The full value of costs that are not capital expenditures must be deducted in the year they are incurred. 46 ITA Nos. 413,445,268&318/Ahd/2016 and 446/Ahd/2016

THE DCIT, CIRCLE-1(3), AHMEDABAD vs. EDELWEISS FINANCIAL ADVISORS LTD., ( FORMERLY KNOWN ANAGRAM STOCK BROKING LTD.,), AHMEDABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Justice P.P. Bhatt, Hon’Ble & Shri Waseem Ahmed

2,000 may be charged to depreciation in each year over the next five years. There are several methods used to calculate depreciation. The full value of costs that are not capital expenditures must be deducted in the year they are incurred. 46 ITA Nos. 413,445,268&318/Ahd/2016 and 446/Ahd/2016

M/S. EDELWEISS BROKING LTD. ( AMALGAMATING COMPANY EDELWEISS FINANCIAL ADVISORS LTD.),AHMEDABAD vs. THE JT. CIT, RANGE-3,, AHMEDABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Justice P.P. Bhatt, Hon’Ble & Shri Waseem Ahmed

2,000 may be charged to depreciation in each year over the next five years. There are several methods used to calculate depreciation. The full value of costs that are not capital expenditures must be deducted in the year they are incurred. 46 ITA Nos. 413,445,268&318/Ahd/2016 and 446/Ahd/2016

THE DCIT, CENTRAL CIRCLE-1(1),, AHMEDABAD vs. M/S. VENUS INFRASTRUCTURE & DEVELOPERS PVT. LTD.,, AHMEDABAD

In the result, the appeal of the Revenue is hereby dismissed

Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकरअपीलसं./Ita Nos. 37 & 38/Ahd/2021 धििाधरणणवध/Asstt. Years: 2008-09 & 2017-18 D.C.I.T, M/S Venus Infrastructure & Central Circle-1(1), Vs. Developers Pvt. Ltd., Ahmedabad 1101 Venus Amadeus, Jodhpur Cross Road, Ahmedabad-380015. Pan: Aahcs6254J (Applicant) (Respondent) Revenue By : Shri Akhilendra Pratap Yadaw Assessee By : Shri Tushar Hemani, Sr. Advocate With Shri Parimalsinh B. Parmar & Shri Vijay Govani A.Rs सुिणाईकीतारीख/Date Of Hearing : 08/02/2024 घोवणाकीतारीख/Date Of Pronouncement: 14/02/2024 आदेश/O R D E R Per Waseem Ahmed: The Captioned Two Appeal Have Been Filed At The Instance Of The Revenue Against The Order Of The Learned Commissioner Of Income Tax (Appeals)-11, Ahmedabad, Of Even Dated 20/01/2021 Arising In The Matter Of Assessment Order Passed Under S. 147 R.W.S. 143(3) & 143(3) Of The Income Tax Act 1961 (Here- In-After Referred To As "The Act") Relevant To The Assessment Years 2008-09 & 2017-18. First, We Take Up Ita No. 38/Ahd/2021, An Appeal By The Revenue For Ay 2017-18

disallowances of claim of the assessee. In this regard we find that the learned CIT(A) has given flawless finding that after resolution of dispute of jurisdiction over issuance of BU permission, the AMC has issued such permission for remaining units to the assessee and certified that the project was completed before due date i.e. 31st March 2012. These permission

THE DCIT, CENTRAL CIRCLE-1(1),, AHMEDABAD vs. M/S. VENUS INFRASTRUCTURE & DEVELOPERS PVT. LTD.,, AHMEDABAD

In the result, the appeal of the Revenue is hereby dismissed

Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकरअपीलसं./Ita Nos. 37 & 38/Ahd/2021 धििाधरणणवध/Asstt. Years: 2008-09 & 2017-18 D.C.I.T, M/S Venus Infrastructure & Central Circle-1(1), Vs. Developers Pvt. Ltd., Ahmedabad 1101 Venus Amadeus, Jodhpur Cross Road, Ahmedabad-380015. Pan: Aahcs6254J (Applicant) (Respondent) Revenue By : Shri Akhilendra Pratap Yadaw Assessee By : Shri Tushar Hemani, Sr. Advocate With Shri Parimalsinh B. Parmar & Shri Vijay Govani A.Rs सुिणाईकीतारीख/Date Of Hearing : 08/02/2024 घोवणाकीतारीख/Date Of Pronouncement: 14/02/2024 आदेश/O R D E R Per Waseem Ahmed: The Captioned Two Appeal Have Been Filed At The Instance Of The Revenue Against The Order Of The Learned Commissioner Of Income Tax (Appeals)-11, Ahmedabad, Of Even Dated 20/01/2021 Arising In The Matter Of Assessment Order Passed Under S. 147 R.W.S. 143(3) & 143(3) Of The Income Tax Act 1961 (Here- In-After Referred To As "The Act") Relevant To The Assessment Years 2008-09 & 2017-18. First, We Take Up Ita No. 38/Ahd/2021, An Appeal By The Revenue For Ay 2017-18

disallowances of claim of the assessee. In this regard we find that the learned CIT(A) has given flawless finding that after resolution of dispute of jurisdiction over issuance of BU permission, the AMC has issued such permission for remaining units to the assessee and certified that the project was completed before due date i.e. 31st March 2012. These permission

BARODA CRICKET ASSOCIATION,,VADODARA vs. THE DY. CIT, (EXEMPTION), CIRCLE-2,, AHMEDABAD

In the result, appeal filed by the Assessee is allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed)

disallowed by the AO for A.Y 2009-10 and A.Y. 2010-11. The C1T (A) has dismissed the appeal of the assessee for A.Y 2009-10, 2O1O-11 & 2011-12 and against the order of Ld. CIT (A), the assessee is in further appeal in Hon'ble 1TAT for A.Y. 2012-13 is pending with first appellate authority

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

164 ITR 102), and the\nHon'ble Bombay High Court in Amrit Lal & Co. (108 ITR 719) and Ciba\nDyes Ltd. v. CIT (25 ITR 102), the Assessing Officer concluded that the mere\nproduction of vouchers was insufficient to discharge the burden of proof\nunder section 37(1) of the Act, particularly when the genuineness of\nexpenditure was in doubt

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

Appeals are partly allowed for\nstatistical reasons

2 - Charging of Notional interest on advances given to related\nparties / disallowance under section 36(1)(iii)\n30.\nFor A.Y. 2013–14, the Assessing Officer noted from the books of\naccount and details furnished that the assessee had advanced sums without\ncharging interest to the following parties: (i) Godiji Realty Pvt. Ltd. – Rs.\n2,45,00,000/-, (ii) Venugopal Infrastructure

THE DY.CIT, CENTRAL CIRCLE-1, VADODARA vs. PAWAN EDIFICE PVT. LTD., VADODARA

Appeals are partly allowed for\nstatistical reasons

2 - Charging of Notional interest on advances given to related\nparties / disallowance under section 36(1)(iii)\n30.\nFor A.Y. 2013–14, the Assessing Officer noted from the books of\naccount and details furnished that the assessee had advanced sums without\ncharging interest to the following parties: (i) Godiji Realty Pvt. Ltd. – Rs.\n2,45,00,000/-, (ii) Venugopal Infrastructure

THE DCIT, CIRCLE-1,, AHMEDABAD vs. AIA ENGINEERING LTD.,, AHMEDABAD

In the result, ITA Appeals 1766/Ahd/12, 2342/Ahd/15, 2343/Ahd/2015,

164,32,79,863/. On perusal of the material on record, the Assessing Officer observed that assessee had made substantial investment out of which it had earned substantial income claimed as exempt from tax. The exempt income was constituted 11% of the total profit earned by the assessee company however the assessee has not disallowed any amount according

AIA ENGINEERING LTD.,,AHMEDABAD vs. THE DY.CIT.,CIRCLE-1,, AHMEDABAD

In the result, ITA Appeals 1766/Ahd/12, 2342/Ahd/15, 2343/Ahd/2015,

164,32,79,863/. On perusal of the material on record, the Assessing Officer observed that assessee had made substantial investment out of which it had earned substantial income claimed as exempt from tax. The exempt income was constituted 11% of the total profit earned by the assessee company however the assessee has not disallowed any amount according

BALASINOR VIKAS CO. OP. CREDIT SOCIETY LTD.,,MAHISAGAR vs. DCIT, PANCHMAHAL CIRCLE,, GODHARA

In the result, all three appeals are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice-आयकर अपील सं./ Ita No. 08/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Balasinor Vikas Co-P. Credit Dcit, Panchmahal Circle Society Ltd. Vs Godhra Rajpuri Darwaja Dist. Panchmahal. Balasinor 388 255 Dist. Mahisagar. Pan : Aaaab 4748 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ar Revenue By : Shri Dilipkumar S.Dr आयकर अपील सं./ Ita No. 2906/Ahd/2017 "नधा"रण वष"/Assessment Year: 2014-15 Shri Jalaram Mahila Co-Op Credit Dcit, Cir.3(1) Society Ltd. Vs Baroda. Jalaram Eye Hospital Compound Alipura, Bodeli 391 135 Dist. Chhotaudepur Pan : Aabas 5194 D आयकर अपील सं./ Ita No. 285/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Anand Catholic Co-Op. Credit Ito, Ward-2 Society Ltd. Vs Anand. Nr.D-Cabin, Gamdi Tal. & Dist. Anand 388 001. Pan : Aaaaa 5138 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Dilipkumar S.Dr सुनवाई क" तार"ख/Date Of Hearing : 03/02/2020 घोषणा क" तार"ख /Date Of Pronouncement : 04/02/2020 O R D E R Present Three Appeals Are Directed Against Separate Orders Of The Ld.Cit(A) Passed In The Cases Of Respective Assessee For The Asstt.Year 2014-15. Common Issue Involved In All These Three Appeals Relates To Quantification Of Deduction Admission Under Section 80P(2)(A)(I) & 80P(2)(D) Of The Income Tax Act, 1961, Therefore, I Proceed To Dispose Of All These Appeals By This Consolidated Order.

164/-. Similarly, for the Asstt.Year 2013-14 in the account of the society, the interest income under section 80P(2)(d) from the cooperative bank is of Rs.35,71,014/-. She prayed that these income be allowed as deduction under section 80P(2)(d) of the Act. In the case of Vir Transport Operators Co-op Credit Society, such amount

SHRI JALARAM MAHILA CO. OP. CREDIT SOCIETY LTD.,,CHHOTAUDEPUR vs. THE DY. CIT, CIRCLE - 3(1),, BARODA

In the result, all three appeals are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice-आयकर अपील सं./ Ita No. 08/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Balasinor Vikas Co-P. Credit Dcit, Panchmahal Circle Society Ltd. Vs Godhra Rajpuri Darwaja Dist. Panchmahal. Balasinor 388 255 Dist. Mahisagar. Pan : Aaaab 4748 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ar Revenue By : Shri Dilipkumar S.Dr आयकर अपील सं./ Ita No. 2906/Ahd/2017 "नधा"रण वष"/Assessment Year: 2014-15 Shri Jalaram Mahila Co-Op Credit Dcit, Cir.3(1) Society Ltd. Vs Baroda. Jalaram Eye Hospital Compound Alipura, Bodeli 391 135 Dist. Chhotaudepur Pan : Aabas 5194 D आयकर अपील सं./ Ita No. 285/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Anand Catholic Co-Op. Credit Ito, Ward-2 Society Ltd. Vs Anand. Nr.D-Cabin, Gamdi Tal. & Dist. Anand 388 001. Pan : Aaaaa 5138 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Dilipkumar S.Dr सुनवाई क" तार"ख/Date Of Hearing : 03/02/2020 घोषणा क" तार"ख /Date Of Pronouncement : 04/02/2020 O R D E R Present Three Appeals Are Directed Against Separate Orders Of The Ld.Cit(A) Passed In The Cases Of Respective Assessee For The Asstt.Year 2014-15. Common Issue Involved In All These Three Appeals Relates To Quantification Of Deduction Admission Under Section 80P(2)(A)(I) & 80P(2)(D) Of The Income Tax Act, 1961, Therefore, I Proceed To Dispose Of All These Appeals By This Consolidated Order.

164/-. Similarly, for the Asstt.Year 2013-14 in the account of the society, the interest income under section 80P(2)(d) from the cooperative bank is of Rs.35,71,014/-. She prayed that these income be allowed as deduction under section 80P(2)(d) of the Act. In the case of Vir Transport Operators Co-op Credit Society, such amount

THE ANAND CATHOLIC CO. OP. CREDIT SOCIETY LTD.,,ANAND vs. THE INCOME TAX OFFICER, WARD-2,, ANAND

In the result, all three appeals are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice-आयकर अपील सं./ Ita No. 08/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Balasinor Vikas Co-P. Credit Dcit, Panchmahal Circle Society Ltd. Vs Godhra Rajpuri Darwaja Dist. Panchmahal. Balasinor 388 255 Dist. Mahisagar. Pan : Aaaab 4748 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ar Revenue By : Shri Dilipkumar S.Dr आयकर अपील सं./ Ita No. 2906/Ahd/2017 "नधा"रण वष"/Assessment Year: 2014-15 Shri Jalaram Mahila Co-Op Credit Dcit, Cir.3(1) Society Ltd. Vs Baroda. Jalaram Eye Hospital Compound Alipura, Bodeli 391 135 Dist. Chhotaudepur Pan : Aabas 5194 D आयकर अपील सं./ Ita No. 285/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Anand Catholic Co-Op. Credit Ito, Ward-2 Society Ltd. Vs Anand. Nr.D-Cabin, Gamdi Tal. & Dist. Anand 388 001. Pan : Aaaaa 5138 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Dilipkumar S.Dr सुनवाई क" तार"ख/Date Of Hearing : 03/02/2020 घोषणा क" तार"ख /Date Of Pronouncement : 04/02/2020 O R D E R Present Three Appeals Are Directed Against Separate Orders Of The Ld.Cit(A) Passed In The Cases Of Respective Assessee For The Asstt.Year 2014-15. Common Issue Involved In All These Three Appeals Relates To Quantification Of Deduction Admission Under Section 80P(2)(A)(I) & 80P(2)(D) Of The Income Tax Act, 1961, Therefore, I Proceed To Dispose Of All These Appeals By This Consolidated Order.

164/-. Similarly, for the Asstt.Year 2013-14 in the account of the society, the interest income under section 80P(2)(d) from the cooperative bank is of Rs.35,71,014/-. She prayed that these income be allowed as deduction under section 80P(2)(d) of the Act. In the case of Vir Transport Operators Co-op Credit Society, such amount

SAURASHTRA CRICKET ASSOCIATION,,RAJKOT vs. THE DY. CIT (EXEMPTION), CIRCLE-2,, AHMEDABAD

In the result, ITA No. 2841/Ahd/17, i

section 11. He submits that the proviso to Section 2(15) will not come into play ITA Nos: 1257/Ahd/13, 3303/Ahd/16, 3304/Ahd/16, 408/Ahd/17 (Assessment years: 2009-10, 2010-11, 2011-12 and 2012-13) ITA Nos: 336 and 337/Ahd/2015 and 2957/Ahd/2014, (Assessment years: 2009-10, 2011-12, 2010-11) ITA Nos: 2839, 2840 and 2841/ Ahd/ 2017 (Assessment years

GUJARAT CRICKET ASSOCIATION,AHMEDABAD vs. THE JT..DIRECTOR OF INCOME TAX(EXEMPTION),, AHMEDABAD

In the result, ITA No. 2841/Ahd/17, i

section 11. He submits that the proviso to Section 2(15) will not come into play ITA Nos: 1257/Ahd/13, 3303/Ahd/16, 3304/Ahd/16, 408/Ahd/17 (Assessment years: 2009-10, 2010-11, 2011-12 and 2012-13) ITA Nos: 336 and 337/Ahd/2015 and 2957/Ahd/2014, (Assessment years: 2009-10, 2011-12, 2010-11) ITA Nos: 2839, 2840 and 2841/ Ahd/ 2017 (Assessment years