M/S. VENUS INFRASTRUCTURE & DEVELOPERS PVT. LTD.,,AHMEDABAD vs. THE DCIT, (OSD) CIRCLE-8,, AHMEDABAD
In the result, the appeal of the Revenue is dismissed
ITA 1582/AHD/2019[2012-13]Status: DisposedITAT Ahmedabad17 Sept 2021AY 2012-13
Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 1582/Ahd/2019 िनधा"रण वष"/Asstt. Year: 2012-2013 M/S. Venus Infrastructure & D.C.I.T.,(Osd) Developers (P) Ltd., Vs. Central Circle-8, 801-802, Broadway Business Ahmedabad. Centre, Opp. Mayor’S Bungalow, Law Garden Ellisbridge, Ahmedabad. Pan: Aahcs6254J
For Appellant: Shri Tushar Hemani, Sr. Advocate with Shri Parimal Sinh B. Parmar, &For Respondent: Shri Ritesh Parmar, CIT.D.R
Section 14ASection 36Section 36(1)(iii)
29A) of the Act. Thus, the assessee choses one option out of two legally permissible options which it deem most tax effective or viable option. There was no inserting of any device and, therefore, it could not be said that any colourable device was used to reduce the tax liability.
9.7
Furthermore, we find that the entire basis of holding
