VISHAL BALVANTRAI AGARWAL,AHMEDABAD vs. THE PR. COMMISSIONER OF INCOME TAX, AHMEDABAD -1, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.226/Ahd/2023 िनधा"रण वष" /Assessment Year : 2018-19 Vishal Balvantrai Agarwal The Pr.Cit बनाम/ 249 New Cloth Market Ahmedabad-1 V/S. O/S. Raipur Gate Ahmedabad – 380 002 (Gujarat) "थायी लेखा सं./Pan: Adbpa 4462 G (अपीलाथ%/ Appellant) (&' यथ%/ Respondent) Assessee By : Shri Divyakant Parikh, Ar Revenue By : Shri Prathvi Raj Meena, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 18/09/2024 घोषणा की तारीख /Date Of Pronouncement: 25/09/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am:

Section 263 of the Act, issuing a show cause notice to the assessee on 10.03.2023, proposing to revise the AO’s order. 3.1. The PCIT raised two primary issues: (i) Disallowance

HBC LIFESCIENCES PRIVATE LIMITED,GANDHINAGAR vs. THE PR. CIT-3, AHMEDABAD

In the result, appeal preferred by the assessee is allowed

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. No. 328/Ahd/2023 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2018-19) िनधा"रण वष" Hbc Lifesciences Private Principal Commissioner बनाम बनाम/ बनाम बनाम Limited Of Income Tax-3 Vs. B-218, Mayur House, Ahmedabad G.I.D.C., Electronic Estate Sector-25, Gandhinagar, Gujarat, 382016 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacch1407M (Appellant) .. (Respondent) Shri S. N. Soparkar, Sr. Advocate & अपीलाथ" ओर से /Appellant By : Shri Parin Shah, A.R. ""यथ" क" ओर से/Respondent By : Dr. Darsi Suman Ratnam, Cit. Dr 20/06/2024 Date Of Hearing Date Of Pronouncement 05/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: This Appeal Is Filed By The Assessee Against The Order Of The Principal Commissioner Of Income Tax-3, Ahmedabad, (In Short The ‘Pcit’) Dated 25.03.2023 In Exercise Of The Revisionary Powers Under Section 263 Of The Income-Tax Act, 1961 [Hereinafter Referred To As “The Act” In Short], For The Assessment Year 2018-19. 2. The Brief Facts Of The Case Are That The Return Of Income For A.Y. 2018-19 Was Filed By The Assessee On 30.10.2018 Declaring

disallowed which was not done by the AO and, therefore, the order of the AO was erroneous and prejudicial to the interest of the revenue. Accordingly, a notice under Section 263

M/S. LAXMI BACHAT SHARAFI SAHKARI MANDALI LTD.,AHMEDABAD vs. THE PR. CIT-3, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Smt.Annapurna Gupta & Smt. Madhumita Royassessment Year : 2014-15

section 80P(2)(a)(i) of the Act, was never confronted to the assessee. 10. A perusal of the order of the ld.Pr.CIT does not reveal any such opportunity being given to the assessee. The show cause notice issued by the Ld.PCIT to the assessee while assuming jurisdiction u/s 263 of the Act mentions the disallowability

M/S. BLUERAY TRADING PVT LTD.,MAHARASTRA vs. THE PR. CIT (CENTRAL), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

disallowing a part of the claim which was carried in appeal before Commissioner (Appeals), requirement of fulfilment of conditions stipulated by sub-Section (2) of Section 80-I was very much subject matter of appeal and therefore, prohibition imposed by Explanation (c) to Section 263

GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED,KHANJI BHAVAN vs. PR. COMMISSIONER OF INCOME TAX-1, AAYAKAR BHAWAN(VEJALPUR), AHMEDABAD

In the result, the appeal filed by the assessee is allowed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2020-21

disallowing CSR expenditure in any form of deduction, exemption, or donation. 5. On the second issue, the PCIT noted that the Assessing Officer allowed deduction of Rs.59,03,79,923/- claimed under the head “GST Credit Expenses Written Off” without conducting any inquiry or verification. During the proceedings under section 263

M/S. SURZLON GLOBAL SERVICES LTD. ,AHMEDABAD vs. THE PR. CIT-3,, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 67-68/Ahd/2021 िनधा"रण वष"/Asstt. Years: 2016-2017 & 2017-2018 M/S. Suzlon Global Services Limited, Principal Commissioner 5 Suzlon, Shrimali Society, Vs. Of Income-Tax, Near Shree Krishna Centre, Ahmedabad. Nr. Judges Bunglow Cross Road, Ahmedabad-380009. Pan: Aaics1406R

disallowing the same under the revisionary proceedings under section 263 of the Act in the case of M/s SSGL. 8.2 However

DILIP HIRALAL MEHTA, HUF,,AHMEDABAD vs. THE ITO, WARD-5(2)(2),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Amarjit Singh, Accountant & Ms.Madhumita Royआयकर अपील सं./ Ita No.1454/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2009-10 Dilip Hiralal Mehta-Huf Vs. Ito,Ward-5(2)(2) Prop. Of Ispat Incorporate Ahmedabad. B-208, Nirman Complex Opp: Havmor Restaurant Navrangpura, Ahmedabad Pan : Aaehm 4045 F

section 263 of 4 the Act. According to him since disallowance made under section 40A(3) r.w.s. 263 is beyond

M/S. GUJARAT AMBUJA EXPORTS LTD.,,AHMEDABAD vs. THE PR. CIT-1, AHMEDABAD

In the result the order of the Ld

Bench: SMT. ANNAPURNA GUPTA (Accountant Member), Ms. SUCHITRA KAMBLE (Judicial Member)

section 40A(3). Hence, the present issue is not fit case under the criteria as envisaged u/s. 263 of the Income Tax Act, 1961. The Ld. PCIT erred in invoking the powers u/s. 263 of the Act on this issue. 4. Ground No. 4 Direction of Inquiry on Govt Grant of Rs.49,21,852/- on import of Plant & Machinery

FORTUNE BARODA NETWORK PVT. LTD.,,VADODARA vs. THE PR. CIT-1,, VADODARA

In the result, the appeal of the assessee is dismissed

disallowed the amount of Rs. 87,92,136/- u/s. 40(a)(ia) as the assessee has not deduced tax as per provision of section 194C of the act. 3. Aggrieved assessee has filed appeal before the ITAT. The ITAT vide order dated 11th July, 2014 in ITA No. 2345/Ahd/2010 has justified the invoking of provisions of section 263

BAKERI PROJECTS PRIVATE LIMITED,AHMEDABAD vs. DCIT CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD

In the result, the appeal filed by the assessee is allowed

Bench: S/Shri Sanjay Garg & Makarand V.Mahadeokarasstt.Year : 2020-21 Bakeri Projects Pvt. Lt. The Dcit, Cir.(1)(1) 1St Floor, Sanskrut Vs. Ahmedabad. Old High Court Road Off: Ashram Road Ahmedabad. Pan : Aagcb 1864 L (Applicant) (Responent)

disallowance of goodwill depreciation, and allows set-off strictly limited to the eligible amount for A.Y. 2018–19. The fact that the AO issued a section 154 notice on the same issue further underscores that the AO had applied his mind, and the matter was not overlooked. 18. Accordingly, we hold that the order passed under section 263

MADHYA GUJARAT VIJ COMPANY LTD.,,BARODA vs. ACIT, CIRCLE-2(1)(2),, BARODA

In the result, appeal of the assessee is allowed

Bench: S/Shri Waseem Ahmed & T.R. Senthil Kumarassessment Year : 2008-09 Madhya Gujarat Vij Company Ltd. Acit, Cir.2(1)(2) Sardar Patel Vidyut Bhavan Vs Baroda. Race Course Circle, Baroda Pan : Aadcm 7339 H

disallowed “prior period expenditure” of Rs.16,02,98,000/- and determined the total income at Rs.10,96,93,680/-. Thereafter, Pr.CIT issued show cause notice under section 263

MR. PRANJAL PATEL,,AHMEDABAD vs. THE PR. CIT-2,, AHMEDABAD

In the result, the appeal of the assessee is partly allowed

disallowance would have been warranted against exempt income, the I.T.A No. 1357/Ahd/2017 A.Y. 2012-13 Page No 10 Mr. Pranjal Patel vs. Pr. CIT exercise of jurisdiction under section 263

MADRESA MOHAMMADIYAN AND PANJATANIYA,DAHOD GUJARAT vs. CIT(E), AHMEDABAD, AHMEDABAD

In the result the appeal filed by the assessee is dismissed

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokarasstt.Year : 2017-18 Madressa Mohammadiyn & Cit(Exemption) Panjataniya, Madresa Raildings Nehru Bridge B/H. Tower Talav Road, Dahod. Ahmedabad. Pan : Brdmo 8620 D (Applicant) (Responent) : Shri Ankit Chokshi, Ar Assessee By : Shri Sher Singh, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 24/09/2025 घोषणा क" तारीख /Date Of Pronouncement: 26/09/2025 आदेश आदेश/O R D E R आदेश आदेश

disallowance of revenue expenditure to 15 percent, observing that vouchers aggregating to Rs.17,12,780/- had been produced against the total claim and denied exemption under section 11. The total income was determined at Rs.82,64,136/-. 2.5 On these facts, the PCIT initiated present revisional jurisdiction under section 263

M/S.HDB FINANCIAL SERVICES LTD.,,AHMEDABAD vs. THE PR. CIT-1 , AHMEDABAD

In the result, the appeal filed by the Assessee is hereby allowed

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

section 263, to take a different view on same material Held, no Whether on facts stated under heading 'Business disallowance

INDUSTRIAL CO. OPERATIVE CREDIT SOCIETY LTD.,,KHEDA vs. THE PR. CIT-2,, VADODARA

In the result, the tax appeals are dismissed

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmedआयकर अपील सं./ Ita No.1064/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2012-13 Industrial Co-Operative Credit Vs. The Pr.Cit-2 Society Ltd. Vadodara. At-Kanjari, Anand-Nadiad Road Ta. : Nadiad, Dist: Kheda Pan : Aaaai 7424 B

263, we would take note of a short fact, as emerges out from relevant orders of the Revenue authorities. Assessee is a cooperative credit society engaged in providing credit facilities to its members. It has filed its return of income on 29.9.2012 declaring total income at Rs.NIL after claiming deduction of Rs.3,27,122/- under section

STHAPTHYA BUILDCON PVT. LTD.,,AHMEDABAD vs. THE DCIT, WARD-4(1)(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita No. 814/Ahd/2018 "नधा"रण वष"/Asstt. Year: 2013-2014 Sthapathya Buildcon Pvt Ltd., D.C.I.T, Pavan Petroleum, Vs. Circle-4(1)(1), Nutun Mill Compund, Ahmedabad. Near City Gold Cinema, Saraspur, Ahmedabad. Pan: Aalcs8818G

263 of the I.T Act, 1961. 2. Your Appellant prays to reserve the right to add, alter, amend and /or withdraw any of the above grounds of appeal. 2. The only issue raised by the assessee is that the Ld. PCIT erred in holding that the order framed by the AO u/s 143(3) of the Income

AARVEE DENIMS & EXPORTS LTD.,AHMEDABAD vs. THE PR. CIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal filed by the assessee is allowed

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.396/Ahd/2024 िनधा"रण वष" /Assessment Year : 2018-19 Aarvee Denims & Exports Ltd. The Pr.Cit बनाम/ 191, Shahwadi Ahmedabad-1 V/S. Narol–Sarkhej Highway Ahmedabad – 382 405 (Gujarat) "थायी लेखा सं./Pan: Aabca 6019 P (अपीलाथ&/ Appellant) ('( यथ&/ Respondent) Assessee By : Shri Divyakant Parikh, Ar Revenue By : Shri Prithviraj Meena, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 19/09/2024 घोषणा की तारीख /Date Of Pronouncement: 27/09/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

disallow unpaid leave salary under section 43B of the Act, and ii. That, the AO's failure to verify the claim of depreciation and additional depreciation on fixed assets. 3. During the proceedings under Section 263

DINESHBHAI DAHYABHAI PATEL,AHMEDABAD vs. THE DCIT, CIRXLE-4(2), AHMEDABAD

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

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

section 263 of the Act. A show-cause notice was issued on March 19, 2021, requesting the assessee to justify why the disallowance