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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

ACIT,ANAND CIRCLE, ANAND, ANAND vs. NATIONAL DAIRY DEVELOPMENT BOARD, 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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

ACIT, ANAND CIRCLE, ANAND, ANAND vs. NATIONAL DAIRY DEVELOPMENT BOARD, 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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

ACIT, ANAND CIRCLE, ANAND, ANAND vs. NATIONAL DAIRY DEVELOPMENT BOARD, 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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

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)

House Property instead of 'Profits and Gains from Business and Profession and thereby denying deduction of depreciation and other expenditure on buildings. It is submitted that it be so held now. 5. The NFAC erred in holding that if the appellant first withdraws its appeal in respect years only in that case the deduction the interest returned back to North

ACIT, ANAND CIRCLE, ANAND, ANAND vs. NATIONAL DAIRY DEVELOPMENT BOARD, 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)

Section\n36(1)(viii) of the Act before Hon'ble Supreme Court) and A.Y. 2004-05 (in\nrelation to grounds relating to interest earned on North Kerala Dairy Project\nDevelopment Fund and in relation to ground relating to deduction in respect of\ncontribution made to employees recreation ) before Hon'ble Gujarat High Court,\non the said issues being decided

ACIT, ANAND CIRCLE, ANAND, ANAND vs. NATIONAL DAIRY DEVELOPMENT BOARD, 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)

Section\n36(1)(viii) of the Act before Hon'ble Supreme Court) and A.Y. 2004-05 (in\nrelation to grounds relating to interest earned on North Kerala Dairy Project\nDevelopment Fund and in relation to ground relating to deduction in respect of\ncontribution made to employees recreation ) before Hon'ble Gujarat High Court,\non the said issues being decided

ACIT, ANAND CIRCLE, ANAND, ANAND vs. NATIONAL DAIRY DEVELOPMENT BOARD, 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)

Section\n36(1)(viii) of the Act before Hon'ble Supreme Court) and A.Y. 2004-05 (in\nrelation to grounds relating to interest earned on North Kerala Dairy Project\nDevelopment Fund and in relation to ground relating to deduction in respect of\ncontribution made to employees recreation ) before Hon'ble Gujarat High Court,\non the said issues being decided

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

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

Section\n36(1)(viii) of the Act before Hon'ble Supreme Court) and A.Y. 2004-05 (in\nrelation to grounds relating to interest earned on North Kerala Dairy Project\nDevelopment Fund and in relation to ground relating to deduction in respect of\ncontribution made to employees recreation ) before Hon'ble Gujarat High Court,\non the said issues being decided

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2 1 1, AHMEDABAD, AHMEDABAD vs. BHARAT LAKHAJI NANDWANA, AHMEDABAD

In the result, the appeal filed by the Department is allowed for statistical purposes

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

89,430/-. During the course of assessment proceedings, the Assessing Officer observed that the assessee had declared long-term capital gain on sale of a residential house and had claimed exemption under section 54 as well as section 54EC of the Income-tax Act, 1961 ("the Act"). 4. The Assessing Officer asked the assessee to substantiate the claim of exemption

ZYDUS LIFESCIENCES LIMITED (FORMERLY KNOWN AS CADILA HEALTHCARE LTD.),AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, appeal preferred by the assessee is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 162/Ahd/2021 ("नधा"रण वष" / Assessment Years : 2016-17)

Section 144C of the Act was passed in this case by the ACIT, Circle-1(1)(2) on 12.12.2019. The Ld. AO proposed the following addition: ITA No. 162/Ahd/2021 (Zydus Lifesciences Ltd. vs. DCIT) A.Y.– 2016-17 - 5 – A. Income from House Property [as per Return of Income] Rs. 10,34,525/- B. Business Income [as per Return of income

LAXMANJI JAVANJI DODIYA,ANAND vs. THE ITO, WARD-1, ANAND

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaassessment Year: 2022-23

89,770/-. The case was selected for scrutiny to verify the deduction claimed under Section 54F of Laxmanji Javanji Dodiya vs. ITO Page 2 of 5 the Act in last three years, considering the fact that no deemed capital gain was disclosed. In the course of assessment, the assessee had explained that deduction of Rs.38,15,175/- was claimed

ITO, WARD-1(1)(3),, AHMEDABAD vs. M/S. ARDOR OVERSEAS PRIVATE LIMITED,, AHMEDABAD

Appeal of the assessee is allowed

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumaray Sl.

Section 68 of the Act. ITA Nos. 2785 & 2812/Ahd/2017 5 Cross Appeals : Ardor Overseas Pvt Ltd VS. DCIT and ITA No.206Ahd/2018- Nikshal Properties Pvt Ltd. AY : 2014-15 However, noting that he had already affected the adjustment to the cost of land acquired by the assessee by reducing it by Rs.36 crores odd, he added the balance amount of Rs.8

NIKSHAL POPERTIES PVT. LTD,VADODARA vs. THE ITO, WARD-3(1)(1),, AHMEDABAD

Appeal of the assessee is allowed

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumaray Sl.

Section 68 of the Act. ITA Nos. 2785 & 2812/Ahd/2017 5 Cross Appeals : Ardor Overseas Pvt Ltd VS. DCIT and ITA No.206Ahd/2018- Nikshal Properties Pvt Ltd. AY : 2014-15 However, noting that he had already affected the adjustment to the cost of land acquired by the assessee by reducing it by Rs.36 crores odd, he added the balance amount of Rs.8

ARDOR OVERSEAS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD

Appeal of the assessee is allowed

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumaray Sl.

Section 68 of the Act. ITA Nos. 2785 & 2812/Ahd/2017 5 Cross Appeals : Ardor Overseas Pvt Ltd VS. DCIT and ITA No.206Ahd/2018- Nikshal Properties Pvt Ltd. AY : 2014-15 However, noting that he had already affected the adjustment to the cost of land acquired by the assessee by reducing it by Rs.36 crores odd, he added the balance amount of Rs.8