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

In the result, appeals of the Revenue are dismissed and that of the assessee are allowed for statistical purposes

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

239 ITR 795, he deleted the disallowance of interest made by the AO in entirety. 64. The ld.DR was unable to controvert any of the factual finding of the ld.CIT(A). 65. In view of the above, we see no reason to interfere in the order of the ld.CIT(A) deleting the disallowance of interest under section

CADILA PHARMACEUTICALS LTD. ,AHMEDABAD vs. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD

In the result, appeals of the Revenue are dismissed and that of the assessee are allowed for statistical purposes

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

239 ITR 795, he deleted the disallowance of interest made by the AO in entirety. 64. The ld.DR was unable to controvert any of the factual finding of the ld.CIT(A). 65. In view of the above, we see no reason to interfere in the order of the ld.CIT(A) deleting the disallowance of interest under section

INTAS PHARMACEUTICALS LTD.,,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 2 (1)(1),, AHMEDABAD

In the result, both the appeals filed by the Assessee as well as Revenue are partly allowed for statistical purpose

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2012-13

disallowance under Section 14A read with Rule 8D amounting to Rs.9,83,15,239/-, disallowance of deduction under Section 35(2AB) amounting

THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 2 (1)(1),, AHMEDABAD vs. M/S. INTAS PHARMACEUTICALS LIMITED,, AHMEDABAD

In the result, both the appeals filed by the Assessee as well as Revenue are partly allowed for statistical purpose

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2012-13

disallowance under Section 14A read with Rule 8D amounting to Rs.9,83,15,239/-, disallowance of deduction under Section 35(2AB) amounting

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT. LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD) RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. DY. COMMISSIONER OF INCOME TAX,(OSD),, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

Section 14A does not arise at all as held by the Hon'ble Gujarat High Court in case of group concern of the appellant namely Corrtech Energy Pvt. Ltd. in Tax Appeal No 239 of 2014. Therefore, the impugned addition of Rs.39,72,461/- even otherwise requires to be deleted. 4. The learned CIT(A) has erred

JT.CIT.(OSD),CIRCLE-1(1)(1),, AHMEDABAD vs. AXIS BANK LIMITED,, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 852/Ahd/2019 िनधा"रण वष"/Asstt. Year: 2015-2016 Axis Bank Limited, J.C.I.T., “Trishul”, 3Rd Floor, Vs. Circle-1(1)(1), Opp. Samtheshwar Mahadev, Ahmedabad. Near Law Garden, Ellisbridge, Ahmedabad-380006. Pan: Aaacu2414K

section 14A of the Act. However, the AO during the assessment proceedings found that there was no basis for making the disallowance of Rs. 1,16,45,009/- against the exempted income. As per the AO the disallowance needs to be made in terms of the provision of Rule 8D of Income Tax Rules r.w.s. 14A of the Act. Thus

AXIS BANK LIMITED,,AHMEDABAD vs. JT.CIT.,CIRCLE-1(1)(1),, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 852/Ahd/2019 िनधा"रण वष"/Asstt. Year: 2015-2016 Axis Bank Limited, J.C.I.T., “Trishul”, 3Rd Floor, Vs. Circle-1(1)(1), Opp. Samtheshwar Mahadev, Ahmedabad. Near Law Garden, Ellisbridge, Ahmedabad-380006. Pan: Aaacu2414K

section 14A of the Act. However, the AO during the assessment proceedings found that there was no basis for making the disallowance of Rs. 1,16,45,009/- against the exempted income. As per the AO the disallowance needs to be made in terms of the provision of Rule 8D of Income Tax Rules r.w.s. 14A of the Act. Thus

ITO, WARD - 4(1)(1), AHMEDABAD , AHMEDABAD vs. SHREE GAYATRI COTTEX ENGINEERS PVT. LTD., AHMEDABAD

In the result the appeal of the Revenue is partly allowed for statistical purpose

Bench: Shri T R Senthil Kumar & Shri Narendra Prasad Sinha

239/- made by AO on disallowance of expenses u/s 57 despite the fact that: (i) the assessee failed to establish a direct nexus between borrowed funds and taxable income. (ii) the assessee merely claimed that the investments were made from its net worth, but failed to furnish fund flow statements or other financial documents to support this claim. (iii) Judicial

THE ITO, WARD-3(1)(1),, AHMEDABAD vs. M/S POGGEN AMP NAGARSHETH POWERTRONICS PVT. LTD.,, AHMEDABAD

The appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar, Accountnat Member Assessment Year : 2013-14 The Income Tax Officer M/S.Poggen Amp Nagarsheth Ward-3(1)(1) Vs Powertronics Pvt.Ltd. Ahmedabad C-1/B, 4402, Gidc Estage Phase-Iv, Vatva Ahmedabad – 382 445, Gujarat Pan: Aaacp 9130 B अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Tushar Hemani, Sr. Adv. & Shri Parimalsinh B. Parmar, Ar Revenue By : Shri Sudhendu Das, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 10/06/2024 घोषणा क" तार"ख /Date Of Pronouncement: 13/06/2024 आदेश/O R D E R

239 of 2014). ITO vs. M/s.Poggen Amp Nagarsheth Powertronics Pvt.Ltd. Asst. Year : 2013-14 7.3. The Ld.Counsel for the assessee stated that the Ld.CIT(A) has deleted the disallowance agreeing to the contention of the assessee. He reiterated that in assessee’s own case for AY 2012-13, disallowance u/s 14A of the Act was deleted after following the same

DEPUTY COMMISSIONER OF INCOME-TAX (EXEMPTIONS), CIRCLE-2, AHMEDABAD, AHMEDABAD vs. DEENDAYAL PORT AUTHORITY , GANDHIDHAM

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

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.150/Ahd/2024 िनधा"रण वष" /Assessment Year : 2017-18

239 and section 155(14) of the Income tax Act, 1961.” 3. The brief facts of the case are that the assessee was initially assessed under section 143(3) of the Income Tax Act on 28/12/2019, determining an assessed income of Rs.9,15,21,29,220. Subsequently, the CIT (Exemption), Ahmedabad, invoked section 263 of the Act and set aside