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

House, Nr. D.C.I.T, Mithakhali Six Roads, 7 No.523/Ahd/2020 2016-17 Circle-1(1)(1), Navrangpura, Ahmedabad Ahmedabad. PAN :AABCA2804L (Applicant) (Responent) : Shri Alok Kumar, C.I.T.DR Revenue by : Shri Vartik Choksi, A.R. Assessee by ITA No.285/Ahd/2020 with C.O No.81/Ahd/2020 and 5 others A.Y. 2013-14 & Ors. 2 सुनवाई क" तार"ख/Date of Hearing : 05/08/2022 घोषणा क" तार"ख /Date

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

House, Nr. D.C.I.T, Mithakhali Six Roads, 7 No.523/Ahd/2020 2016-17 Circle-1(1)(1), Navrangpura, Ahmedabad Ahmedabad. PAN :AABCA2804L (Applicant) (Responent) : Shri Alok Kumar, C.I.T.DR Revenue by : Shri Vartik Choksi, A.R. Assessee by ITA No.285/Ahd/2020 with C.O No.81/Ahd/2020 and 5 others A.Y. 2013-14 & Ors. 2 सुनवाई क" तार"ख/Date of Hearing : 05/08/2022 घोषणा क" तार"ख /Date

INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-4,, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

house property, profits and gains of business or profession, capital gains, income from other sources. Chapter V then brings income of other persons, which are to be included in the total income of an assessee and this is contained in ss. 60 to 65 of the Act. Chapter VI (containing ss. 66 to 80) then lays down provisions regarding aggregation

INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-2(1)(1),, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

house property, profits and gains of business or profession, capital gains, income from other sources. Chapter V then brings income of other persons, which are to be included in the total income of an assessee and this is contained in ss. 60 to 65 of the Act. Chapter VI (containing ss. 66 to 80) then lays down provisions regarding aggregation

INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE JT.CIT.,RANGE-4,, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

house property, profits and gains of business or profession, capital gains, income from other sources. Chapter V then brings income of other persons, which are to be included in the total income of an assessee and this is contained in ss. 60 to 65 of the Act. Chapter VI (containing ss. 66 to 80) then lays down provisions regarding aggregation

LAMBDA THERAPEUTIC RESEARCH LTD.,,AHMEDABAD vs. DCIT CIRCLE-2(1) (2),, AHMEDABAD

In the result appeal of the Revenue is partly allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No.91/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2012-2013 Lambda Therapeutic Research Ltd. D.C.I.T., Lambda House, Vs. Circle-2(1)(2), Opp. Gujarat High Court, Ahmedabad. S.G. Highway, Gota, Ahmedabad-382481. Pan: Aaacl4089R

House, Ahmedabad. Opp. Gujarat High Court, S.G. Highway, Gota, Ahmedabad-382481. PAN: AAACL4089R (Applicant) (Respondent) Assessee by : Shri Tushar Hemani, Sr. Advocate with Shri Parimalsingh B Parmar Revenue by : Shri Purushottam Kumar, Sr.D.R सुनवाई क" तारीख/Date of Hearing : 21/03/2022 घोषणा क" तारीख /Date of Pronouncement: 29/04/2022 ITA nos.91& 409/AHD/2018 Asstt. Year 2012-13 2 आदेश

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. LAMBDA THERAPEUTIC RESEARCH LTD.,, AHMEDABAD

In the result appeal of the Revenue is partly allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No.91/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2012-2013 Lambda Therapeutic Research Ltd. D.C.I.T., Lambda House, Vs. Circle-2(1)(2), Opp. Gujarat High Court, Ahmedabad. S.G. Highway, Gota, Ahmedabad-382481. Pan: Aaacl4089R

House, Ahmedabad. Opp. Gujarat High Court, S.G. Highway, Gota, Ahmedabad-382481. PAN: AAACL4089R (Applicant) (Respondent) Assessee by : Shri Tushar Hemani, Sr. Advocate with Shri Parimalsingh B Parmar Revenue by : Shri Purushottam Kumar, Sr.D.R सुनवाई क" तारीख/Date of Hearing : 21/03/2022 घोषणा क" तारीख /Date of Pronouncement: 29/04/2022 ITA nos.91& 409/AHD/2018 Asstt. Year 2012-13 2 आदेश

LAMBDA THERAPEUTIC RESEARCH LIMITED,,AHMEDABAD vs. THE JT. CIT, RANGE-4,, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

House. Opp. Ahmedabad Gujarat High Court, ITA No.3492/Ahd/2015 and 5 others A.Y. 2010-11 2 S.G. Highway, Gota, Ahmedabad- 380061. PAN : AAACL4089R (Applicant) (Responent) Assessee by : Shri Tushar P. HemaniSr. Advocate withShriParimalSinhParmar, A.R Revenue by : Shri Mohd Usman, CIT. D.R with Shri Lalit P. Jain. Sr. D.R सुनवाई क" तार"ख/Date of Hearing : 02/02/2021 घोषणा क" तार"ख /Date

THE DCIT, CIRCLE-2(1)(2),, AHMEDABAD vs. M/S. LAMBDA THERAPEUTIC RESEARCH LTD.,, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

House. Opp. Ahmedabad Gujarat High Court, ITA No.3492/Ahd/2015 and 5 others A.Y. 2010-11 2 S.G. Highway, Gota, Ahmedabad- 380061. PAN : AAACL4089R (Applicant) (Responent) Assessee by : Shri Tushar P. HemaniSr. Advocate withShriParimalSinhParmar, A.R Revenue by : Shri Mohd Usman, CIT. D.R with Shri Lalit P. Jain. Sr. D.R सुनवाई क" तार"ख/Date of Hearing : 02/02/2021 घोषणा क" तार"ख /Date

LAMBDA THERAPEUTIC RESEARCH LIMITED,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2),, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

House. Opp. Ahmedabad Gujarat High Court, ITA No.3492/Ahd/2015 and 5 others A.Y. 2010-11 2 S.G. Highway, Gota, Ahmedabad- 380061. PAN : AAACL4089R (Applicant) (Responent) Assessee by : Shri Tushar P. HemaniSr. Advocate withShriParimalSinhParmar, A.R Revenue by : Shri Mohd Usman, CIT. D.R with Shri Lalit P. Jain. Sr. D.R सुनवाई क" तार"ख/Date of Hearing : 02/02/2021 घोषणा क" तार"ख /Date

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. LAMBDA THERAPEUTIC RESEARCH LTD.,, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

House. Opp. Ahmedabad Gujarat High Court, ITA No.3492/Ahd/2015 and 5 others A.Y. 2010-11 2 S.G. Highway, Gota, Ahmedabad- 380061. PAN : AAACL4089R (Applicant) (Responent) Assessee by : Shri Tushar P. HemaniSr. Advocate withShriParimalSinhParmar, A.R Revenue by : Shri Mohd Usman, CIT. D.R with Shri Lalit P. Jain. Sr. D.R सुनवाई क" तार"ख/Date of Hearing : 02/02/2021 घोषणा क" तार"ख /Date

DY.COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2),, AHMEDABAD vs. M/S. LAMDA THERAPEUTIC RESEARCH LTD.,, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

House. Opp. Ahmedabad Gujarat High Court, ITA No.3492/Ahd/2015 and 5 others A.Y. 2010-11 2 S.G. Highway, Gota, Ahmedabad- 380061. PAN : AAACL4089R (Applicant) (Responent) Assessee by : Shri Tushar P. HemaniSr. Advocate withShriParimalSinhParmar, A.R Revenue by : Shri Mohd Usman, CIT. D.R with Shri Lalit P. Jain. Sr. D.R सुनवाई क" तार"ख/Date of Hearing : 02/02/2021 घोषणा क" तार"ख /Date

LAMBDA THERAPEUTIC RESEARCH LTD.,,AHMEDABAD vs. DCIT CIRCLE-2(1) (2),, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

House. Opp. Ahmedabad Gujarat High Court, ITA No.3492/Ahd/2015 and 5 others A.Y. 2010-11 2 S.G. Highway, Gota, Ahmedabad- 380061. PAN : AAACL4089R (Applicant) (Responent) Assessee by : Shri Tushar P. HemaniSr. Advocate withShriParimalSinhParmar, A.R Revenue by : Shri Mohd Usman, CIT. D.R with Shri Lalit P. Jain. Sr. D.R सुनवाई क" तार"ख/Date of Hearing : 02/02/2021 घोषणा क" तार"ख /Date

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMACEUTICALS INDUSTRIES LIMITED,, VADODARA

In the result the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

house research and development was eligible for weighted deduction under section 35(2AB). 7. Re: Disallowance on account of R&D expenses incurred by the Appellant alleged to have been incurred for products manufactured by partnership firms Sun Pharmaceutical Industries (SPI) and Sun Pharma Sikkim (SPS) debited in the books of the Appellant: 7.1 On the facts

SUN PHARMACEUTICALS INDUSTRIES LTD.,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1)(1),, VADODARA

In the result the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

house research and development was eligible for weighted deduction under section 35(2AB). 7. Re: Disallowance on account of R&D expenses incurred by the Appellant alleged to have been incurred for products manufactured by partnership firms Sun Pharmaceutical Industries (SPI) and Sun Pharma Sikkim (SPS) debited in the books of the Appellant: 7.1 On the facts

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMACEUTICALS INDUSTRIES LIMITED,, VADODARA

In the result the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

house research and development was eligible for weighted deduction under section 35(2AB). 7. Re: Disallowance on account of R&D expenses incurred by the Appellant alleged to have been incurred for products manufactured by partnership firms Sun Pharmaceutical Industries (SPI) and Sun Pharma Sikkim (SPS) debited in the books of the Appellant: 7.1 On the facts

SUN PHARMACEUTICALS INDUSTRIES LTD.,,VADODARA vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-1,, VADODARA

In the result the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

house research and development was eligible for weighted deduction under section 35(2AB). 7. Re: Disallowance on account of R&D expenses incurred by the Appellant alleged to have been incurred for products manufactured by partnership firms Sun Pharmaceutical Industries (SPI) and Sun Pharma Sikkim (SPS) debited in the books of the Appellant: 7.1 On the facts

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

Appeal are dismissed as not pressed

92C of the Act. The TPO placed reliance on the order of assessment year 2012-13 and held that in lines of the above order, this year too the interest on these loans is benchmarked at the contractual rate applicable to the said loans (6 month LIBOR comes to 0.376, one year LIBOR comes to 0.631 and 6 month