THE DCIT CIRCLE-1(1)(1), AHMEDABAD vs. M/S. ADANI ENTERPRISE LTD, AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

section !4A disallowance of Rs. 137,53,16,0061- under both general and ', MAT provisions. (3) The ld. CIT('A) has erred

DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. ADANI ENTERPRISES LTD., AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

section !4A disallowance of Rs. 137,53,16,0061- under both general and ', MAT provisions. (3) The ld. CIT('A) has erred

SHRI MAHUDI MADHUPURI JAIN NSM BHOJANSHALA & PRASHADI BHAVAN,,MAHUDI vs. THE INCOME TAX OFFICER,WARD-2, EXEMPTION,, AHMEDABAD

In the result, appeal preferred by the assessee is allowed

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

disallowance of exemption u/s.11 of the Act was correctly made. 6. We have carefully considered the rival submissions. The provision of Section 12A of the Act stipulates that the provision of section 11 & ITA No.184/Ahd/2024 (Shri Mahudi Madhupuri Jain NSM Bhojanshala& Prashadi Bhavan vs. ITO) A.Y.– 2020-21- 4 – section 12 of the Act will not be applicable in relation

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

4A of the I.T. Act. 13. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of interest expenses of Rs.2,05,49,614/- u/s.36(l)(III) of the I.T, Act, 14. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of business

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

4A of the I.T. Act. 13. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of interest expenses of Rs.2,05,49,614/- u/s.36(l)(III) of the I.T, Act, 14. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of business

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

4A of the I.T. Act. 13. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of interest expenses of Rs.2,05,49,614/- u/s.36(l)(III) of the I.T, Act, 14. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of business

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

4A of the I.T. Act. 13. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of interest expenses of Rs.2,05,49,614/- u/s.36(l)(III) of the I.T, Act, 14. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of business

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

4A of the I.T. Act. 13. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of interest expenses of Rs.2,05,49,614/- u/s.36(l)(III) of the I.T, Act, 14. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of business

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

4A of the I.T. Act. 13. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of interest expenses of Rs.2,05,49,614/- u/s.36(l)(III) of the I.T, Act, 14. The Ld. Commissioner of Income tax (A) has erred in law and on facts in deleting the disallowance of business

THE DCIT,GANDHINAGAR CIRCLE,, GANDHINAGAR vs. M/S. GUJARAT STATE PETRONET LTD., GANDHINAGAR

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

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 272-273/Ahd/2020 िनधा"रण वष"/Asstt. Years: 2014-2015 & 2015-16 D.C.I.T, M/S. Gujarat State Petronet Ltd., Gnr Circle. Vs. Plot No.E-18, Jamnagar Gidc Electronics Estate, Sector-26, Gandhinagar.

disallowance u/s.!4A applying Rule 8D amounting to Rs. 1,51,46,813/- . 2. Whether the Id.CIT(A) has erred in law and on facts in allowing depreciation of Rs.30,90,866/- on WDV of certain Administrative Expenses capitalized in earlier years. 3. Whether the Id.CIT(A) has erred in law and on facts in allowing ESOP Compensation Expenses

THE DCIT,GANDHINAGAR CIRCLE,, GANDHINAGAR vs. M/S. GUJARAT STATE PETRONET LTD., GANDHINAGAR

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

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 272-273/Ahd/2020 िनधा"रण वष"/Asstt. Years: 2014-2015 & 2015-16 D.C.I.T, M/S. Gujarat State Petronet Ltd., Gnr Circle. Vs. Plot No.E-18, Jamnagar Gidc Electronics Estate, Sector-26, Gandhinagar.

disallowance u/s.!4A applying Rule 8D amounting to Rs. 1,51,46,813/- . 2. Whether the Id.CIT(A) has erred in law and on facts in allowing depreciation of Rs.30,90,866/- on WDV of certain Administrative Expenses capitalized in earlier years. 3. Whether the Id.CIT(A) has erred in law and on facts in allowing ESOP Compensation Expenses

DCIT, CENTRAL CIRCLE-2, VADODARA vs. NEOTECH EDUCATION FOUNDATION, VADODARA

4A) of the Act refers to the books of accounts inter-alia, found during the course of search that these belongs to the assessee and the contents of such books of accounts are true. It does not deal with respect to the loose paper found during the course of search. Accordingly, there cannot be any inference against the assessee based

SHRI PRAVINCHANDRA R PATEL,VADODARA vs. DCIT, CENTRAL CIRCLE-2, VADODARA

4A) of the Act refers to the books of accounts inter-alia, found during the course of search that these belongs to the assessee and the contents of such books of accounts are true. It does not deal with respect to the loose paper found during the course of search. Accordingly, there cannot be any inference against the assessee based

DCIT, CENTRAL CIRCLE-2, VADODARA vs. NEOTECH EDUCATION FOUNDATION, VADODARA

4A) of the Act refers to the books of accounts inter-alia, found during the course of search that these belongs to the assessee and the contents of such books of accounts are true. It does not deal with respect to the loose paper found during the course of search. Accordingly, there cannot be any inference against the assessee based

NATIONAL DAIRY DEVELOPMENT BOARD,ANAND vs. THE DY.CIT, ANAND CIRCLE, ANAND

In the result, the appeals filed by the Revenue in ITA Nos

Bench: DR. BRR Kumar, Vice President\nAnd Shri T. R. Senthil Kumar (Judicial Member)

disallowance u/s 14A of the Income Tax Act, 1961 to Rs.10,00,000/- ignoring the provisions of sub-section (2) of section 14A that require mandatory invoking of Rule 8D where the A.O. has duly recorded satisfaction with regard to the correctness of the claim of expenditure incurred towards earning exempt income.\n\n2. On the facts

NATIONAL DAIRY DEVELOPMENT BOARD,ANAND vs. THE DY.CIT, ANAND CIRCLE, ANAND

In the result, the appeals filed by the Revenue in ITA Nos

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

disallowance u/s 14A of the Income Tax Act, 1961 to Rs. 10,00,000/- ignoring the provisions of sub-section (2) of section 14A that require mandatory invoking of Rule 8D where the A.O. has duly recorded satisfaction with regard to the correctness of the claim of expenditure incurred towards earning exempt income. 2. On the facts

NATIONAL DAIRY DEVELOPMENT BOARD,ANAND vs. THE DY.CIT, ANAND CIRCLE, ANAND

In the result, the appeals filed by the Revenue in ITA Nos

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

disallowance u/s 14A of the Income Tax Act, 1961 to Rs. 10,00,000/- ignoring the provisions of sub-section (2) of section 14A that require mandatory invoking of Rule 8D where the A.O. has duly recorded satisfaction with regard to the correctness of the claim of expenditure incurred towards earning exempt income. 2. On the facts

NATIONAL DAIRY DEVELOPMENT BOARD,ANAND vs. THE DY.CIT, ANAND CIRCLE, ANAND

In the result, the appeals filed by the Revenue in ITA Nos

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

disallowance u/s 14A of the Income Tax Act, 1961 to Rs. 10,00,000/- ignoring the provisions of sub-section (2) of section 14A that require mandatory invoking of Rule 8D where the A.O. has duly recorded satisfaction with regard to the correctness of the claim of expenditure incurred towards earning exempt income. 2. On the facts