THE ACIT,(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

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

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

house property”, the same cannot be changed into “income from business and profession” in subsequent year. The CIT(A) has rightly deleted the same addition and there is no need to interfere with the findings of the CIT(A). Hence, ground no.6 of Revenue’s appeal is dismissed. 24. As regards ground no.7 of Revenue’s appeal, wherein

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE DY.CIT.,(OSD)RANGE-1,, AHMEDABAD

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

Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani

house property”, the same cannot be changed into “income from business and profession” in subsequent year. The CIT(A) has rightly deleted the same addition and there is no need to interfere with the findings of the CIT(A). Hence, ground no.6 of Revenue’s appeal is dismissed. 24. As regards ground no.7 of Revenue’s appeal, wherein

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

SMT. MINAL NAYAN SHAH,AHMEDABAD vs. THE PR, CIT-3, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad

property", otter than the new asset. 4.2 If the above view is taken, it is evident that you have purchased the entire super structure of E Block consisting of 03 independent, units, and not a residential house and hence as per the applicability clause of section 54F of the Act, you are-not eligible for the claim of deduction

THE ITO, WARD-1(2)(4), BARODA vs. SHRI NATWARBHAI J. PATEL, VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

property and if such investment is made within the period stipulated therein, then Section 54F(4) is not at all attracted and therefore the contention that the assessee has not deposited the amount in the Bank account as stipulated and therefore, he is not entitled to the benefit even though he has invested the money in construction is also

SHRI NATWARBHAI J. PATEL,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(2)(4), VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

property and if such investment is made within the period stipulated therein, then Section 54F(4) is not at all attracted and therefore the contention that the assessee has not deposited the amount in the Bank account as stipulated and therefore, he is not entitled to the benefit even though he has invested the money in construction is also

SHRI VINODBHAI J. PATEL,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(2)(5), VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

property and if such investment is made within the period stipulated therein, then Section 54F(4) is not at all attracted and therefore the contention ITA Nos. 464 & 513/Ahd/2016 ITO vs. Vinodbhai J Patel -cross Assessment Year : 2012-13 Page 6 of 12 that the assessee has not deposited the amount in the Bank account as stipulated and therefore

THE ITO, WARD-1(2)(5), VADODARA vs. SHRI VINODBHAI J. PATEL, VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

property and if such investment is made within the period stipulated therein, then Section 54F(4) is not at all attracted and therefore the contention ITA Nos. 464 & 513/Ahd/2016 ITO vs. Vinodbhai J Patel -cross Assessment Year : 2012-13 Page 6 of 12 that the assessee has not deposited the amount in the Bank account as stipulated and therefore

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

ITO, WARD-2(1) (1), AHMEDABAD vs. M/S. EYLEX FILMS PVT. LTD., RANCHI

In the result, appeal of the Revenue is dismissed

Bench: Justice Shri P. P. Bhatt & Shri Pradip Kumar Kedia

property of the produce through the distributors. 3.4. On the other side, the appellant has submitted that it was mainly the exhibitor of the films by procuring from the distributors. Further it has also derived the monthly fixed charges income for facilitating small ITA Nos. 1808/Ahd/17 & 388/Ahd/18 [ITO vs. M/s. Eylex Films P. Ltd.] A.Ys

ITO, WARD-2(1) (1), AHMEDABAD vs. M/S. EYLEX FILMS PVT. LTD., RANCHI

In the result, appeal of the Revenue is dismissed

Bench: Justice Shri P. P. Bhatt & Shri Pradip Kumar Kedia

property of the produce through the distributors. 3.4. On the other side, the appellant has submitted that it was mainly the exhibitor of the films by procuring from the distributors. Further it has also derived the monthly fixed charges income for facilitating small ITA Nos. 1808/Ahd/17 & 388/Ahd/18 [ITO vs. M/s. Eylex Films P. Ltd.] A.Ys

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