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7 results for “disallowance”+ Section 260Aclear

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Key Topics

Section 271A12Section 143(3)7Disallowance5Addition to Income5Section 80I4Section 69A4Section 271(1)(c)3Penalty3Section 14A2Section 115J

SUN PHARMA LABORATORIES LTD.,,MUMBAI vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, BARODA

In the result, the Department’s appeal is partly allowed

ITA 712/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad09 Oct 2024AY 2015-16

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

Section 115JSection 143(3)Section 14ASection 36(1)(va)Section 37(1)Section 80Section 80I

Section 37(1) of the Act. Having held the said amount to be revenue in nature applying the decision of the Supreme Court in the case of Madras Industrial Investment Corpn. Ltd.(supra), when the amount has been spread over a period of six years, no error is committed by both the authorities. Once the expenditure is held

2
Section 36(1)(va)2
Deduction2

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMA LABORATORIES LTD.,, MUMBAI

In the result, the Department’s appeal is partly allowed

ITA 741/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad09 Oct 2024AY 2015-16

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

Section 115JSection 143(3)Section 14ASection 36(1)(va)Section 37(1)Section 80Section 80I

Section 37(1) of the Act. Having held the said amount to be revenue in nature applying the decision of the Supreme Court in the case of Madras Industrial Investment Corpn. Ltd.(supra), when the amount has been spread over a period of six years, no error is committed by both the authorities. Once the expenditure is held

DCIT CENTRAL CIRCLE 1(1) , AHMEDABAD vs. SUNIT SUDHIRBHAI CHOKSHI, AHMEDABAD

In the result, the appeals filed by the Revenue are hereby dismissed

ITA 1474/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad13 Dec 2024AY 2017-18

Bench: Ld. Cit(A) On The Quantum Addition, Wherein Ld. Cit(A) Confirmed The Addition To Rs.4,71,46,684/- Only. Thus The Assessing Officer Levied Penalty Of Rs.2,80,88,610/- Being 60% Of Addition Confirmed By Ld. Cit(A) U/S. 271Aab Of The Act.

Section 143(3)Section 271ASection 69ASection 69C

Disallowance of 2,29,79,570 The Ld. CIT(A) - interest expenditure has deleted the on bogus unsecured addition. loan , I.T.A Nos. 1474 & 1475/Ahd/2024 A.Ys. 2017-18 & 2018-19 Page No 3 DCIT Vs. Sunit Sudhirbhai Chokshi 4. Addition on account 3,10,475 The Ld. CIT(A) The Ld. ITAT of commission has confirmed has confirmed addition expenses

CENTRAL CIRCLE 1(1) AHMEDABAD, AHMEDABAD vs. SUNIT SUDHIRBHAI CHOKSHI, AHMEDABAD

In the result, the appeals filed by the Revenue are hereby dismissed

ITA 1475/AHD/2024[2018-19]Status: DisposedITAT Ahmedabad13 Dec 2024AY 2018-19

Bench: Ld. Cit(A) On The Quantum Addition, Wherein Ld. Cit(A) Confirmed The Addition To Rs.4,71,46,684/- Only. Thus The Assessing Officer Levied Penalty Of Rs.2,80,88,610/- Being 60% Of Addition Confirmed By Ld. Cit(A) U/S. 271Aab Of The Act.

Section 143(3)Section 271ASection 69ASection 69C

Disallowance of 2,29,79,570 The Ld. CIT(A) - interest expenditure has deleted the on bogus unsecured addition. loan , I.T.A Nos. 1474 & 1475/Ahd/2024 A.Ys. 2017-18 & 2018-19 Page No 3 DCIT Vs. Sunit Sudhirbhai Chokshi 4. Addition on account 3,10,475 The Ld. CIT(A) The Ld. ITAT of commission has confirmed has confirmed addition expenses

DHARMENDRA JINENDRA JAIN,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(2)(1), AHMEDABAD

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

ITA 540/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad08 Jul 2024AY 2017-18

Bench: Shri Ramit Kochar (Accountant Member)

For Appellant: Shri Rupesh R. Shah, A.RFor Respondent: Shri N.J. Vyas, Sr. D.R
Section 142(1)Section 143(2)Section 143(3)Section 250Section 40A(2)(b)

disallowed on the ground that the said company is stuck off by MCA from its records . These evidences filed by the assessee requires verification by authorities below. Further , I have observed that the assessee did not appear before the ld. CIT(A) nor did complied with the notices of hearing issued by ld. CIT(A) . On its part

DCIT CENTRAL CIRCLE 1(1) AHMEDABAD, AHMEDABAD vs. PINAC STOCK BROKERS PRIVATE LIMITED, AHMEDABAD

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

ITA 858/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad04 Feb 2025AY 2011-12

Bench: Dr.Brr Kumar & Shri T.R Senthil Kumar

For Appellant: Shri Deepak R Shah, ARFor Respondent: Shri R N Dsouza, CIT.DR
Section 271(1)(c)Section 275Section 68

disallowed." 16.1 However, the undisputed fact is this that the assessee has not made any sales of the shares of the impugned company. Therefore, in our considered view the addition has been made by the AO which was consequently confirmed by the ld. CIT(A), on wrong assumption of facts. 16.2 It is also pertinent to note that the loss

JADE GRANITES INDUSTRIES,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(1)(1),, AHMEDABAD

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

ITA 81/AHD/2024[2016-17]Status: DisposedITAT Ahmedabad15 Jul 2024AY 2016-17

Bench: The Income Tax Appellate Tribunal, Ahmedabad Bench, Ahmedabad Which Has Arisen From The Appellate Order Dated 23-11-2023 In Din & Order No. Itba/Nfac/S/250/2023-24/1058173176(1)

For Appellant: Shri Mehul K. Patel, AdvocateFor Respondent: Shri Sanjay Jain, Sr. D.R
Section 143(1)Section 143(2)Section 143(3)Section 250Section 68

disallowance. Probably, the Tribunal while issuing direction did not notice its reasoning in the earlier part of its very same order. That is how a direction in the aforesaid manner is issued, which is not correct. Therefore, in addition to what has been stated by the Tribunal the assessing authority shall first find out, whether the cash credit claimed represents