SHRI GIRISHBHAI VADILAL SHAH,,AHMEDABAD vs. THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, appeal preferred by the assessee in ITA No

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 330, 331 & 332/Ahd/2020 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Years : 2014-15, 2015-16 & 2016-17) िनधा"रण वष" Girishbhai Vadilal Shah Dcit बनाम बनाम/ बनाम बनाम 139, V R Shah Smruti Circle – 4(1)(2), Vs. Shikshan Mandir, Nr. Ahmedabad Dharnidhar Derasar, Vasna, Ahmedabad, Gujarat, 380007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abjps3102P (Appellant) .. (Respondent) Shri Jaimin Shah, Ar अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Ms. Saumya Pandey Jain, Sr. Dr Date Of Hearing 26/06/2024 Date Of Pronouncement 15/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: These Three Appeals Are Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Ahmedabad, (In Short The ‘Cit(A)’), (In Short ‘The Cit(A)’) All Dated 16.03.2020 For The Assessment Year 2014-15, 2015-16 & 2016-17. As The Issues Involved In The Three Appeals Are Common, They Were Heard Together & Are Being Disposed Vide This Common Order.

disallowance of interest expenditure can be made under Section 58(2) of the Act as upheld by the Ld. CIT(A). The provision of Section 58 of the Act is found to be as under: 58. Amounts not deductible. (1) Notwithstanding anything to the contrary contained in section 57, the following amounts shall not be deductible in computing the income

SHRI GIRISHBHAI VADILAL SHAH,,AHMEDABAD vs. THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, appeal preferred by the assessee in ITA No

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 330, 331 & 332/Ahd/2020 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Years : 2014-15, 2015-16 & 2016-17) िनधा"रण वष" Girishbhai Vadilal Shah Dcit बनाम बनाम/ बनाम बनाम 139, V R Shah Smruti Circle – 4(1)(2), Vs. Shikshan Mandir, Nr. Ahmedabad Dharnidhar Derasar, Vasna, Ahmedabad, Gujarat, 380007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abjps3102P (Appellant) .. (Respondent) Shri Jaimin Shah, Ar अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Ms. Saumya Pandey Jain, Sr. Dr Date Of Hearing 26/06/2024 Date Of Pronouncement 15/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: These Three Appeals Are Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Ahmedabad, (In Short The ‘Cit(A)’), (In Short ‘The Cit(A)’) All Dated 16.03.2020 For The Assessment Year 2014-15, 2015-16 & 2016-17. As The Issues Involved In The Three Appeals Are Common, They Were Heard Together & Are Being Disposed Vide This Common Order.

disallowance of interest expenditure can be made under Section 58(2) of the Act as upheld by the Ld. CIT(A). The provision of Section 58 of the Act is found to be as under: 58. Amounts not deductible. (1) Notwithstanding anything to the contrary contained in section 57, the following amounts shall not be deductible in computing the income

SHRI GIRISHBHAI VADILAL SHAH,,AHMEDABAD vs. THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, appeal preferred by the assessee in ITA No

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 330, 331 & 332/Ahd/2020 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Years : 2014-15, 2015-16 & 2016-17) िनधा"रण वष" Girishbhai Vadilal Shah Dcit बनाम बनाम/ बनाम बनाम 139, V R Shah Smruti Circle – 4(1)(2), Vs. Shikshan Mandir, Nr. Ahmedabad Dharnidhar Derasar, Vasna, Ahmedabad, Gujarat, 380007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abjps3102P (Appellant) .. (Respondent) Shri Jaimin Shah, Ar अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Ms. Saumya Pandey Jain, Sr. Dr Date Of Hearing 26/06/2024 Date Of Pronouncement 15/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: These Three Appeals Are Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Ahmedabad, (In Short The ‘Cit(A)’), (In Short ‘The Cit(A)’) All Dated 16.03.2020 For The Assessment Year 2014-15, 2015-16 & 2016-17. As The Issues Involved In The Three Appeals Are Common, They Were Heard Together & Are Being Disposed Vide This Common Order.

disallowance of interest expenditure can be made under Section 58(2) of the Act as upheld by the Ld. CIT(A). The provision of Section 58 of the Act is found to be as under: 58. Amounts not deductible. (1) Notwithstanding anything to the contrary contained in section 57, the following amounts shall not be deductible in computing the income

ITO, WARD-2(1)(3),, AHMEDABAD vs. HEMATO ONCOLOGY CLINIC (AHMEDABAD)P.LTD.,, AHMEDABAD

In the result, the appeal is dismissed

section 40A(2)(b) of the Act, the learned ITAT has observed and held in para 7 as under :— "7. It is plain on principle that, so far as disallowance

PIYUSHBHAI GORDHANBHAI PATEL,VADODARA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 3(1), VADODARA

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

Bench: Smt.Annapurna Guptaasstt.Year : 2016-17 Shri Piyush Gordhanbhai Patel Acit, Cir.3(1) Prop: V.G. Automobiles Vs Vadodara. N.H.No.8, Nr.Dhara Petrol Pump At Vemali Vadodara 390 024. Pan : Adzpp 9289 N

disallowance of interest under section 40A(2)(b) of the Act is not sustainable for this reason 7 also. The entire

SHALIGRAM INFRA PROJECTS LLP ( LTD. LIABILITY PARTNERSHIP),AHMEDABAD vs. THE JCIT (OSD), CENTRAL CIRCLE-2(2), AHMEDABAD

Appeals are partly allowed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarit(Ss)A No.167/Ahd/2021 Asstt.Year : 2017-18 & Asst.Year : 2018-19 Shaligram Infra Projects Llp Vs. The Jcit (Osd) 4Th Floor, Office No.401-402 Central Cir.2(2) B/H. Dishman House Ahmedabad. Opp: Sankalp Grace Ii, Ambli Ahmedabad. Pan: Acpfs 7047 A It(Ss)A No.194,195 & 196/Ahd/2021 Asstt.Year : 2015-16, 2016-17 & 2017-18 & Asst.Year : 2018-19 The Jcit (Osd) Vs. Shaligram Infra Projects Llp Central Cir.2(2) 4Th Floor, Office No.401-402 Ahmedabad. B/H. Dishman House Opp: Sankalp Grace Ii, Ambli Ahmedabad.

disallowance under section 40A(2)(b), and the order of the AO deserved to be restored. 7. The learned Authorised

ROTOMAG MOTORS & CONTROLS PVT. LTD.,,ANAND vs. THE DEPUTY COMMISSIONER OF INCOME TAX, ANAND CIRCLE,, ANAND

In the result, the appeal is allowed in the terms indicated above

section 40A(2)(b) of the Act, the learned ITAT has observed and held in para 7 as under :— "7. It is plain on principle that, so far as disallowance

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

Bench: Shri Pramod M Jagtap & Ms. Madhumita Roy

7. On the other hand, the Ld. DR has drawn our attention to the original order dated 21.01.2015 passed under Section 143(3) of the Act. It is submitted by the Ld. DR that the Ld. AO has not formed any opinion in the said original assessment proceeding neither any mentioning of assessment under Section 40A

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

Bench: Shri Pramod M Jagtap & Ms. Madhumita Roy

7. On the other hand, the Ld. DR has drawn our attention to the original order dated 21.01.2015 passed under Section 143(3) of the Act. It is submitted by the Ld. DR that the Ld. AO has not formed any opinion in the said original assessment proceeding neither any mentioning of assessment under Section 40A

M S HOSTEL,NEW SAMA SAVLI ROAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(3), VADODARA, AAYAKAR BHAVAN, VADODARA

In the result, appeal preferred by the assessee is allowed

Bench: Smt. Annapurna Gupta & Ms. Madhumita Roy

disallowed and added back to your total income u/s. 40A(2)(b) of Income Tax Act, 1961". “ 3. The appellant submitted a reply dated 07.12.2017, which was rejected by the Ld. AO on the premise Smt. Palak A Shah is a relative of the partner and stands covered within the purview of ITA No. 614/Ahd/2023 (M S Hostel vs. DCIT

THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD vs. GANESH HOUSING CORPORATION LIMITED,, AHMEDABAD

In the result appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh"नधा"रण वष"/ Asstt. Year: 2009-2010 Ganesh Housing Corporation Ltd. Dcit, Cir.2(1)(1) “Ganesh Corporate House” Navjivan Trust Bldg. Vs. Ahmedabad. 100 Ft. Hebatpur-Thaltej Road Nr. Sola Bridge Off. S.G. Highway Ahmedabad 380 015. Pan : Aaacg 5590 Q With Co No.216/Ahd/2015 "नधा"रण वष"/ Asstt. Year: 2009-2010 Dcit, Cir.2(1)(1) Ganesh Housing Corporation Ltd. Navjivan Trust Bldg. “Ganesh Corporate House” Vs. Ahmedabad. 100 Ft. Hebatpur-Thaltej Road Nr. Sola Bridge Off. S.G. Highway Ahmedabad 380 015. (Applicant) (Responent) : Shri Dhiren Shah, Ar Assessee By Revenue By : Shri C. Danday, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 19/09/2018 घोषणा क" तार"ख /Date Of Pronouncement: 23/10/2018 आदेश/O R D E R

disallowance made under section 40A(2)(b) of the Income Tax Act, 1961. Sub-section 4 of Section 253 authorizes the respondent to file CO 4. on receipt of notice in an appeal against any part of order impugned in the appeal. Perusal of grounds taken in the CO would indicate that the assessee has not shown any grievance

GANESH HOUSING CORPORATION LTD.,,AHMEDABAD vs. THE DY.CIT., CIRCLE-4, NOW, CIRCLE-2(1)(1),, AHMEDABAD

In the result appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh"नधा"रण वष"/ Asstt. Year: 2009-2010 Ganesh Housing Corporation Ltd. Dcit, Cir.2(1)(1) “Ganesh Corporate House” Navjivan Trust Bldg. Vs. Ahmedabad. 100 Ft. Hebatpur-Thaltej Road Nr. Sola Bridge Off. S.G. Highway Ahmedabad 380 015. Pan : Aaacg 5590 Q With Co No.216/Ahd/2015 "नधा"रण वष"/ Asstt. Year: 2009-2010 Dcit, Cir.2(1)(1) Ganesh Housing Corporation Ltd. Navjivan Trust Bldg. “Ganesh Corporate House” Vs. Ahmedabad. 100 Ft. Hebatpur-Thaltej Road Nr. Sola Bridge Off. S.G. Highway Ahmedabad 380 015. (Applicant) (Responent) : Shri Dhiren Shah, Ar Assessee By Revenue By : Shri C. Danday, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 19/09/2018 घोषणा क" तार"ख /Date Of Pronouncement: 23/10/2018 आदेश/O R D E R

disallowance made under section 40A(2)(b) of the Income Tax Act, 1961. Sub-section 4 of Section 253 authorizes the respondent to file CO 4. on receipt of notice in an appeal against any part of order impugned in the appeal. Perusal of grounds taken in the CO would indicate that the assessee has not shown any grievance

KANSARA POPATLAL TRIBHUVAN METAL PVT. LTD.,,AHMEDABAD vs. THE PR. CIT-2,, AHMEDABAD

In the result, ground number 9 of the assessee’s appeal is allowed

7. In the result, ground number 3 of the assessee’s appeal is allowed. Ground number 9: payments for job work not verified by AO at “fair market value” under section 40A(2)(b): 8. The brief facts in relation to this ground of appeal are that in the 263 proceedings, the PCIT observed that the assessee made certain payments

M/S. KAMAL OIL INDUSTRIES,,MEHSANA vs. THE JT.CIT, PATAN RANGE,, PATAN

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

Bench: Shri O. P Meena & Ms Madhumita Royआ.अ.सं/.I.T.A No.2158/Ahd/2014 िनधा"रणवष"/Assessment Year:2010-11 बनाम M/S. Kamal Oil Industries, Joint Commissioner Of Budasan Kadi Kalol Road, Vs. Income-Tax, Range Kadi 382 715 District- Patan, Mehsana Mehsana Pan: Aabfk 8786 C अपीलाथ" Appellant ""यथ"/Respondent

B and C respectively which showed that when the assessee has sold goods @ 19.53 per kg. in April 2011, these rates were ranging between 25.50 per kg. to 28.20 per kg. in addition, even 30 to 31.01 per kg. This proves that goods seeds could only be realized @ 19.53 per kg. as they were not of good quality. The learned

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before us with following grounds of appeal: Assessee’s Grounds of Appeal in ITA No. 1772/Ahd/2015 – A.Y. 2002-03 (Appeal against order of CIT(A), dated 17/03/2015) I. MERITS 1. DISALLOWANCE OF INTEREST

AMBALAL SARABHAI ENTERPRISES LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX-1(1)(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before us with following grounds of appeal: Assessee’s Grounds of Appeal in ITA No. 1772/Ahd/2015 – A.Y. 2002-03 (Appeal against order of CIT(A), dated 17/03/2015) I. MERITS 1. DISALLOWANCE OF INTEREST

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA vs. AMBALAL SARABHI ENTERPRISES LIMITED,, VADODARA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before us with following grounds of appeal: Assessee’s Grounds of Appeal in ITA No. 1772/Ahd/2015 – A.Y. 2002-03 (Appeal against order of CIT(A), dated 17/03/2015) I. MERITS 1. DISALLOWANCE OF INTEREST

AMBALAL SARABHAI ENTERPRISES LIMITED,,BARODA vs. THE ACIT.,CIRCLE-1(1),, BARODA

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

40A(7) - - 1,05,47,731 - - - 3. The assessee filed appeals before CIT(A) who partly allowed appeals. Therefore, both assessee and revenue are in appeal before us with following grounds of appeal: Assessee’s Grounds of Appeal in ITA No. 1772/Ahd/2015 – A.Y. 2002-03 (Appeal against order of CIT(A), dated 17/03/2015) I. MERITS 1. DISALLOWANCE OF INTEREST