VINODCHANDRA T PARIKH,AHMEDABAD vs. ITO, WARD-2(1)(2),, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 457/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2013-2014 Vinodchandra T. Parikh, I.T.O, 31, Shail, Vs. Ward-2(1)(2), Opp. Madhusudan House, Ahmedabad. Navrangpura, Ahmedabad.

111 and contended that the assessee has complied the provisions of section 54 of the Act substantially. Therefore, the assessee cannot be denied the benefit of the provisions of section 54 of the Act merely on the reasoning that there was the delay in completing the construction of the house. 11. The learned DR before us vehemently supported the stand

DIPAL SURESHBHAI PATEL,AHMEDABAD vs. ITO, WARD-3(3)(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed& Ms. Madhumita Roy

property used for residence up to 30-3-1998, inasmuch as the return of income-tax for the assessment year 1997-98 could be furnished before the expiry of one year from the end; of the relevant assessment year or before the completion of %e assessment whichever is earlier under sub-section (4) of section 139 of the Income

SHRI JITENDRA NARSINHBHAI TALPADA,,VADODARA vs. THE INCOME TAX OFFICER,, VADODARA

In the result, appeals of the assessee are allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble & "नधा"रण वष"/ Asstt. Year: 2011-12 Ito, Ward-6(1) Shri Jitendra Narsinhbhai Talpada53, Vadodara. Atmajyotinagar Society Vs. Nr. Tejas Vidyalaya, Ellora Park Vadodara 390 023. Pan : Aagpt 2465 A (Applicant) (Responent) Assessee By : Ms.Urvashi Shodhan, Ar Revenue By : Shri Deelipkumar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 07/01/2020 घोषणा क" तार"ख /Date Of Pronouncement: 09/01/2020

house property income at Rs.20,35,116/- after giving deduction under section 24(a) of the Act at Rs.6,10,535/-, he made addition of Rs.14,24,581/-. In this way, total income of the assessee has been determined at Rs.22,03,058/-. Dissatisfied with this treatment, the assessee carried the matter in appeal. The ld.CIT(A) has dismissed

SHRI JITENDRA NARSINHBHAI TALPADA,,VADODARA vs. THE INCOME TAX OFFICER, WARD-4(1)(1),, VADODARA

In the result, appeals of the assessee are allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble & "नधा"रण वष"/ Asstt. Year: 2011-12 Ito, Ward-6(1) Shri Jitendra Narsinhbhai Talpada53, Vadodara. Atmajyotinagar Society Vs. Nr. Tejas Vidyalaya, Ellora Park Vadodara 390 023. Pan : Aagpt 2465 A (Applicant) (Responent) Assessee By : Ms.Urvashi Shodhan, Ar Revenue By : Shri Deelipkumar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 07/01/2020 घोषणा क" तार"ख /Date Of Pronouncement: 09/01/2020

house property income at Rs.20,35,116/- after giving deduction under section 24(a) of the Act at Rs.6,10,535/-, he made addition of Rs.14,24,581/-. In this way, total income of the assessee has been determined at Rs.22,03,058/-. Dissatisfied with this treatment, the assessee carried the matter in appeal. The ld.CIT(A) has dismissed

AXIS BANK LIMITED,AHMEDABAD vs. THE DY.CIT, CIRCLE-1 NOW CIRCLE-1(1)(1), AHMEDABAD

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

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedsl. Ita No(S) Asset. Appeal(S) By No(S) Year(S) Appellant Vs. Respondent Appellant Respondent 1. 311/Ahd/2016 2010-11 Axis Bank Limited, D.C.I.T., “Trishul”, 3Rd Floor, Circle-1(1)(1) Opp. Samtheshwar Ahmedabad. Mahadev Near Law Garden, Ellisbridge, Ahmedabad-380006. Pan: Aaacu2414K 2. 2176/Ahd/2016 2011-12 Axis Bank Limited, D.C.I.T., “Trishul”, 3Rd Floor, Circle-1(1)(1) Opp. Samtheshwar Ahmedabad. Mahadev Near Law Garden, Ellisbridge, Ahmedabad-380006. Pan: Aaacu2414K 3. 2173/Ahd/2016 2011-12 D.C.I.T., Axis Bank Limited, Circle-1(1)(1) Ahmedabad. Ahmedabad. Pan: Aaacu2414K 4. 165/Ahd/2017 2012-13 Axis Bank Limited, D.C.I.T., Ahmedabad. Circle-1(1)(1) Ahmedabad. Pan: Aaacu2414K 5. 287/Ahd/2017 2012-13 D.C.I.T., Axis Bank Limited, Circle-1(1)(1) Ahmedabad. Ahmedabad. Pan: Aaacu2414K 6-7 520 & 2013-14 Axis Bank Limited, D.C.I.T., 521/Ahd/2018 & Ahmedabad. Circle-1(1)(1) 2014-15 Ahmedabad. Pan: Aaacu2414K 8-9 604 & 605/ 2013-14 D.C.I.T., Axis Bank Limited, Ahd/2018 & Circle-1(1)(1) Ahmedabad. 2014-15 Ahmedabad. Pan: Aaacu2414K

section 43D is a beneficial provision but the provision iS very clear when it states that " {a} in the case of a scheduled bank the income by way of interest in relation to such categories of bad and^dou^btful debts as may be prescribed having regard to the guidelines issued by the Reserve Bank of India in relation

ATUL LIMITED,AHMEDABAD vs. THE ACIT.,RANGE-1,, AHMEDABAD

Appeal is dismissed

section 92CA(1) of the Act on account of determination of arm's length price of international transaction entered into by the assessee. 19. On appeal, the learned CIT(A) upheld the findings of the AO while relying upon his own decision for the AY 2003-04. 20. The assessee is now in appeal before us against the aforesaid findings

CADILA HEALTHCARE LTD.,AHMEDABAD vs. DCIT, CIRCLE-1(1)(2), AHMEDABAD

Appeal are dismissed as not pressed

property transferred or services provided in a comparable uncontrolled transaction, or a number of such transactions, is identified, and then such price is adjusted to account for differences, if any, between the international transaction and the comparable uncontrolled transactions or between the enterprises entering into such transactions, which could materially affect the price in the o pen market. Usually loan

M/S. MADHUVAN CORPORATION,VADODARA vs. THE ADDL. CIT, CENTRAL RANGE, VADODARA

Appeal of the assessee is allowed

Housing Project and, as reproduced at page 3 of the assessment order, contained notings of amounts in hundreds with dates and signatures against each amount. The signatures were that of Mr. Vishal Talva. That some of the entries had “CHQ” mentioned against it, one of which matched with the cheque entry in the assessees HDFC bank account , but the amount

LOXIM INDUSTRIES LTD.,AHMEDABAD vs. DCIT (OSD)-1, CIRCLE-4,, AHMEDABAD

In the result, the captioned appeal of assessee is allowed

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kedia

111 TTJ 548 After considering all facts and circumstances of the case, I am not inclined to agree with the contention of the appellant. It is seen that the as mentioned above also the AO allowed deduction u/s. 10B of the Act based on CBDT Circular F.No. 279/Misc./M-116/2012-ITJ dated 16.7.2013 where it has been clearly held that deduction

ADANI ENTERPRISES LTD.,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, AHMEDABAD

Appeal of the Revenue is hereby dismissed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedasstt. Sr.No.

House, Nr. No.2030/Ahd/2016 2011-12 D.C.I.T, Mithakhali Six Roads, 3-4 & & Circle-1(1)(1), Navrangpura, No.913/Ahd/2018 2012-13 Ahmedabad Ahmedabad. PAN :AABCA2804L (Applicant) (Responent) Assessee by : Shri S.N. Soparkar, Sr. Advocate with Shri Vartik Choksi, A.R Shri Parin Shah, A.R Revenue by : Shri Mohd. Usman, C.I.T.DR सुनवाई क" तारीख/Date of Hearing : 20/04/2022 घोषणा क" तारीख /Date of Pronouncement

SWASTIK DEVELOPERS,AHMEDABAD vs. THE INCOME TAX OFFICER WARD 3(3)(5), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: S/Shri Sanjay Garg & Makarand V.Mahadeokarasstt.Year : 2017-2018 Swastik Developers The Ito, Ward-3(3)(5), 21, Swastik House Vs. Ahmedabad. B/H.Sardar Patel Stadium Ahmedabad. Pan : Acyfs 0641 R (Applicant) (Responent) : Shri Prashant Shrivastav, Ar Assessee By : Shri Hargovind Singh, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 06/08/2025 घोषणा क" तारीख /Date Of Pronouncement: 07/08/2025

House Vs. Ahmedabad. B/h.Sardar Patel Stadium Ahmedabad. PAN : ACYFS 0641 R (Applicant) (Responent) : Shri Prashant Shrivastav, AR Assessee by : Shri Hargovind Singh, Sr.DR Revenue by सुनवाई क" तारीख/Date of Hearing : 06/08/2025 घोषणा क" तारीख /Date of Pronouncement: 07/08/2025 आदेश आदेश/O R D E R आदेश आदेश PER MAKARAND V.MAHADEOKAR, AM: This appeal has been preferred by the assessee

GUJARAT STATE FERTILISERS AND CHEMICALS LTD.,,VADODARA vs. THE ACIT CIRCLE-1(1)1(), VADODARA

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

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

properties of the assessee and the Assessing Officer has not provided any basis in respect of disallowance on interest on such short- term borrowings. It was argued that the total interest received by the Company exceeds the total amount of interest paid, thereby there is no net interest expenditure incurred by the assessee that should be allocated to CWIP

THE DCIT, CIRCLE-1(1)(1), VADODARA vs. GUJARAT STATE FERTILIZER & CHEMICAL LTD, VADODARA

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

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

properties of the assessee and the Assessing Officer has not provided any basis in respect of disallowance on interest on such short- term borrowings. It was argued that the total interest received by the Company exceeds the total amount of interest paid, thereby there is no net interest expenditure incurred by the assessee that should be allocated to CWIP

DHARMENBHAI MAHENDRABHAI SUTARIA,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

111 taxmann.com 66 (Madras) [09- 08-2019] has held as under :- III. Section 271(1)(c) of the Income-tax Act, 1961 Penalty For concealment of income (Capital gains) - Assessment years 2001-02 and 2002-03 - Whether where land sold by assessee was held to be non-agricultural land, and, thus, was not exempt from tax and assessee was consciously

DHARMENBHAI MAHENDRABHAI SUTARIA,HUF,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), , AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

111 taxmann.com 66 (Madras) [09- 08-2019] has held as under :- III. Section 271(1)(c) of the Income-tax Act, 1961 Penalty For concealment of income (Capital gains) - Assessment years 2001-02 and 2002-03 - Whether where land sold by assessee was held to be non-agricultural land, and, thus, was not exempt from tax and assessee was consciously

DHARMENBHAI MAHENDRABHAI SUTARIA,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

111 taxmann.com 66 (Madras) [09- 08-2019] has held as under :- III. Section 271(1)(c) of the Income-tax Act, 1961 Penalty For concealment of income (Capital gains) - Assessment years 2001-02 and 2002-03 - Whether where land sold by assessee was held to be non-agricultural land, and, thus, was not exempt from tax and assessee was consciously

SIRHIND STEELS LTD.,,AHMEDABAD vs. THE PR.CIT-4, AHMEDABAD

In the result the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 713/Ahd/2019 "नधा"रण वष"/Asstt. Year: 2014-2015 Sirhind Steel Ltd., P.C.I.T-4, 7Th Floor, Shalin Building, Vs. Ambawadi, Nr. Nehru Bridge Corner, Ahmedabad. Ashram Road, Ahmedabad.

Properties & Infrastructure Ltd. reported in 20 taxmann.com 770 where it was held as under: As per section 2(11), the expression 'block of assets' means group of assets falling within the assets enumerated in clauses (a) and (b). Clause (a ) refers to tangible assets, including building, machinery, plant and clause (b) refers to intangible assets like copyright, know how, trade

THE ITO, WARD-5(1),, BARODA vs. SHRI KANUBHAI M.PATEL, BARODA

In the result, Ground No.1 of Department’s appeal is dismissed

house on one of the plots. The reason given by the appellant for the purchase of the properties by the mills had been rejected by the Tribunal; and so when the mills I.T.A No. 2913/Ahd/2012 A.Y. 2009-10 Page No. 13 ITO vs. Shri Kanubhai M. Patel purchased the properties it was not shown that the sale was occasioned