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

274/-), in addition to other investments generating exempt income.\nA show cause notice was issued requiring the assessee to explain why\ndisallowance under section 14A read with Rule 8D should not be made. In\nreply, the assessee submitted a breakup of interest expenses and claimed\nthat investments yielding exempt income were made from its own funds,\nthus attracting no disallowance

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

Appeals are partly allowed for\nstatistical reasons

274/-), in addition to other investments generating exempt income.\nA show cause notice was issued requiring the assessee to explain why\ndisallowance under section 14A read with Rule 8D should not be made. In\nreply, the assessee submitted a breakup of interest expenses and claimed\nthat investments yielding exempt income were made from its own funds,\nthus attracting no disallowance

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

Appeals are partly allowed for\nstatistical reasons

274/-), in addition to other investments generating exempt income.\nA show cause notice was issued requiring the assessee to explain why\ndisallowance under section 14A read with Rule 8D should not be made. In\nreply, the assessee submitted a breakup of interest expenses and claimed\nthat investments yielding exempt income were made from its own funds,\nthus attracting no disallowance

THE ITO, WARD-1(2)(3), AHMEDABAD vs. MOHAMMEDARIF IBRAHIMBHAI SHAIKH, AHMEDABAD

Bench: Shri Pramod M Jagtap & Ms. Madhumita Roy

Section 40 A(3) the alternate plea raised by the appellant has not been adjudicated upon. In my opinion the case of live stock exporter is on much more stronger looting than that of a dealer in meat. ITA Nos.1115 & 962/Ahd/2019 & CO No.10/Ahd/2022(in ITA No. 1115/A/19) Asst. Years –2012-13 & 2014-15 10.6 Further, remand report as submitted

THE ITO, WARD-1(2)(3), AHMEDABAD vs. MOHAMMEDARIF IBRAHIMBHAI SHAIKH, AHMEDABAD

Bench: Shri Pramod M Jagtap & Ms. Madhumita Roy

Section 40 A(3) the alternate plea raised by the appellant has not been adjudicated upon. In my opinion the case of live stock exporter is on much more stronger looting than that of a dealer in meat. ITA Nos.1115 & 962/Ahd/2019 & CO No.10/Ahd/2022(in ITA No. 1115/A/19) Asst. Years –2012-13 & 2014-15 10.6 Further, remand report as submitted

SHRI GIRISHBHAI M.PATEL,,AHMEDABAD vs. THE ACIT.,MEHSANA CIRCLE,, MEHSANA

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 337/Ahd/2014 िनधा"रण वष"/Asstt. Year: 2005-2006 Girishbhai M. Patel, A.C.I.T., 4, Regent Park, Vs. Mehsana Circle, Vanza Co-Operative Society, Mehsana. Part-Ii, Near Judges Bungalow, Bodakdev, Ahmedabad-380015. Pan: Abypp8093M

Disallowance of insurance amount claimed Rs.40,184/- Rs.24,27,511/- Total Income Rs.32,47,959/- i.e Rs.32,47,960/- 4.1 The AO in the assessment order has recorded to have issued penalty notice under section 274

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 36(1)(iii) of the Act on account of diversion of interest-bearing fund for non- commercial purposes. 30. The AO during the assessment proceedings found that the assessee on one hand is incurring huge interest expenses on the borrowed fund and on the other hand it has given interest free loans and advances to the tune

NIRMA CHEMICALS WORKS PVT.LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 36(1)(iii) of the Act on account of diversion of interest-bearing fund for non- commercial purposes. 30. The AO during the assessment proceedings found that the assessee on one hand is incurring huge interest expenses on the borrowed fund and on the other hand it has given interest free loans and advances to the tune

NIRMA CHEMICALS WORKS PVT.LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 36(1)(iii) of the Act on account of diversion of interest-bearing fund for non- commercial purposes. 30. The AO during the assessment proceedings found that the assessee on one hand is incurring huge interest expenses on the borrowed fund and on the other hand it has given interest free loans and advances to the tune

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 36(1)(iii) of the Act on account of diversion of interest-bearing fund for non- commercial purposes. 30. The AO during the assessment proceedings found that the assessee on one hand is incurring huge interest expenses on the borrowed fund and on the other hand it has given interest free loans and advances to the tune

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 36(1)(iii) of the Act on account of diversion of interest-bearing fund for non- commercial purposes. 30. The AO during the assessment proceedings found that the assessee on one hand is incurring huge interest expenses on the borrowed fund and on the other hand it has given interest free loans and advances to the tune

NIRMA CHEMICAL WORKS PVT.LTD.,,AHMEDABAD vs. THE ACIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 36(1)(iii) of the Act on account of diversion of interest-bearing fund for non- commercial purposes. 30. The AO during the assessment proceedings found that the assessee on one hand is incurring huge interest expenses on the borrowed fund and on the other hand it has given interest free loans and advances to the tune

SHITAL VIPULKUMAR DHOLAKIA,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(1)(3), AHMEDABAD

In the result, the appeal filed by the assessee is allowed for statistical\npurposes

section 143(3) r.w.s.144B of\nthe Act vide order dated 22.12.2022, determining total income at\nRs.1,46,25,25,370/- after making a disallowance of Rs.1,45,77,00,806/-\nu/s 40A(3) of the Act in respect of purchases claimed from three parties.\n2.2 During the assessment, the AO observed that the assessee had\nclaimed to have made purchases

SUN PHARMACEUTICALS INDUSTRIES LIMITED,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1)(1), BARODA

In the result, the appeal filed by the Assessee in ITA No

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

274 of the Act by the Assessing Officer in standard printed form without striking out irrelevant clause and without explicitly specifying the exact charge on which penalty is to be levied is bad in law and ought to be set aside altogether. 3. Deduction of remuneration received from partnership firm under section 115JB 3.1 The Id. CIT(A) grossly erred

SUN PHARMACEUTICALS INDUSTRIES LIMITED,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1)(1), BARODA

In the result, the appeal filed by the Assessee in ITA No

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

274 of the Act by the Assessing Officer in standard printed form without striking out irrelevant clause and without explicitly specifying the exact charge on which penalty is to be levied is bad in law and ought to be set aside altogether. 3. Deduction of remuneration received from partnership firm under section 115JB 3.1 The Id. CIT(A) grossly erred

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), VADODARA vs. M/S. SUN PHARMACEUTICALS INDUSTRIES LTD, VADODARA

In the result, the appeal filed by the Assessee in ITA No

274 of the Act by the Assessing Officer in standard printed form without striking out irrelevant clause and without explicitly specifying the exact charge on which penalty is to be levied is bad in law and ought to be set aside altogether.\n\n3. Deduction of remuneration received from partnership firm under section 115JB\n\n3.1

RAMESHKUMAR G. PATEL,VADODARA vs. THE ITO, WARD-3(1)(5) PRESENT JURISDICTION ITO, WARD-3(1)(2), VADODARA

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

274 r.w.s.271(1)(b) for non-compliance, and further issued a final\nshow cause notice dated 02.12.2019, fixing hearing on 05.12.2019, asking\nthe assessee to explain:\n- The source of investment of Rs.92,62,433/- in the immovable\nproperty;\n- The source and nature of credits aggregating to Rs.91,71,722/- in\nbank account no. 1698010000724 held with Bank

SHRI RAMESHBHAI AMTHABHAI DESAI,,AHMEDABAD vs. THE ITO, WARD-1(1)(2), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Or During The Course Of Hearing Of The Appeal.” Total Tax Effect 67,053”

disallowance of claim under section 54 of the Act (" 1,58,12, 584/-), secondly addition under section 68 for cash deposit in bank account (" 1,10, 000/-) and thirdly, difference in salary income (" 7000). The addition in respect of claim of section 54F of the Act amounting to " 1,58,12,584/- was deleted by Ld. CIT(Appeals) in appeal