THE ACIT(E),CIRCLE-2 , AHMEDABAD vs. VADODARA URBAN DEVELOPMENT AUTHORITY, VADODARA

In the result, the appeal filed by the Revenue in ITA No

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Years 2009–10, 2011-12, 2013-14 I.T.A Nos. 388, 379,/Ahd/2023 and Ors. A.Ys. 2009-10, 2011-12 and Ors. Page No 2 ACIT(E) Vs. Vadodara Urban Development Authority & 2014-15. Since common issue is involved in all these

ACIT(E), CIRCLE-2, AHMEDABAD, AHMEDABAD vs. VADODARA URBAN DEVELOPMENT AUTHORITY, VADODARA

In the result, the appeal filed by the Revenue in ITA No

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Years 2009–10, 2011-12, 2013-14 I.T.A Nos. 388, 379,/Ahd/2023 and Ors. A.Ys. 2009-10, 2011-12 and Ors. Page No 2 ACIT(E) Vs. Vadodara Urban Development Authority & 2014-15. Since common issue is involved in all these

ACIT(E), CIRCLE-2, AHMEDABAD, AHMEDABAD vs. VADODARA URBAN DEVELOPMENT AUTHORITY , VADODARA

In the result, the appeal filed by the Revenue in ITA No

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Years 2009–10, 2011-12, 2013-14 I.T.A Nos. 388, 379,/Ahd/2023 and Ors. A.Ys. 2009-10, 2011-12 and Ors. Page No 2 ACIT(E) Vs. Vadodara Urban Development Authority & 2014-15. Since common issue is involved in all these

ACIT(E), CIRCLE-2, AHMEDABAD, AHMEDABAD vs. VADODARA URBAN DEVELOPMENT AUTHORITY , VADODARA

In the result, the appeal filed by the Revenue in ITA No

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Years 2009–10, 2011-12, 2013-14 I.T.A Nos. 388, 379,/Ahd/2023 and Ors. A.Ys. 2009-10, 2011-12 and Ors. Page No 2 ACIT(E) Vs. Vadodara Urban Development Authority & 2014-15. Since common issue is involved in all these

AKAR LAMINATORS LIMITED,AHMEDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD

In the result the appeal filed by the assessee is allowed

Bench: This Tribunal & The Case Was Set-Aside Vide Order Dated 01.08.2014 In Ita No. 858 & 927/Ahd/2005 & Accordingly Assessment Was Finalized U/S. 143(3) R.W.S. 254 Of The Act & The Total Loss Was Determined At (-) Rs.22,47,26,293/- After Making Following Additions/Disallowances:

carry forward depreciation and further the business activities of the assessee were wound up, thereby necessary documents which were 15 years old could not be retrieved from the old premises. It is thereafter the AO initiated penalty proceeding by issuing statutory notice u/s.274 dated 29-01-2016 for “furnishing inaccurate particulars of income” and striking of the portion “Concealed

SHRI ROHITJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

forward the relevant papers to the concerned Advocate for filing of appeal before ITAT. Therefore, it was also due to negligence of the concerned Chartered Accountant as well that the appeal could not be filed before the ITAT on time. However, as soon as the assessee was aware about the delay in filing of appeal before ITAT, he immediately took

M/S. WORLD TRADE IMPEX LTD.,,BARODA vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, CIRCLE-5,, BARODA

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

Bench: Ms Suchitra Kamble & Shri Waseem Ahmed

loss of Rs. 1,57,15,130/- in the return of income which was subsequently selected under scrutiny assessment under section 143(3) of the Act. During the assessment proceedings, the AO noticed that in the ledger account of a party namely M/s Axel Polymers Ltd, the assessee has shown an opening credit balance

WORLD TRADE IMPEX LTD.,,BARODA vs. THE ACIT.,CIRCLE-4,, BARODA

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

Bench: Ms Suchitra Kamble & Shri Waseem Ahmed

loss of Rs. 1,57,15,130/- in the return of income which was subsequently selected under scrutiny assessment under section 143(3) of the Act. During the assessment proceedings, the AO noticed that in the ledger account of a party namely M/s Axel Polymers Ltd, the assessee has shown an opening credit balance

SWAMINARAYAN CO.OP.BANK LTD.,,BARODA vs. THE ACIT, CIRCLE-3(1),, BARODA

In the result, the appeal of the Assessee is allowed

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.1411/Ahd/2019 "नधा"रण वष" /Assessment Year : 2010-11 Swaminarayan Co-Op. Bank Ltd. The Acit बना 1, Ashok Chambers Circle-3(1) Opp. Pathak Gate Police Station Ahmedabad म/ Madanzampa Road V/S. Vadodara 390 001 (Gujarat) "थायी लेखा सं./Pan: Aaaas 1932 N अपीलाथ"/ (Appellant) …… "" यथ"/ (Respondent) Assessee By : Shri Ashish Kanabar, Ar Revenue By : Shri Ashok Natha Bhalekar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 07/08/2024 घोषणा क" तार"ख /Date Of Pronouncement: 9/08/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am: This Appeal Is Filed By The Assessee As Against The Order Dated 08/07/2019 Passed By The Commissioner Of Income-Tax (Appeals)-3, Vadodara [Hereinafter Referred To As “The Ld.Cit(A)” In Short] Arising Out Of The Penalty Order Dated 27/02/2019 Passed By The Assessing Officer (Ao) Under Section 271(1)(C) Of The Income Tax Act, 1961 (Hereinafter Referred To As "The Act") Relevant To The Assessment Year (Ay) 2010-11. Swaminarayan Co-Op. Bank Ltd. Vs. Acit Asst. Year : 2010-11

penalty proceedings u/s 271(10(c) for furnishing inaccurate particulars and concealment of income. 2.3. The assessee filed an appeal before the Ld.CIT(A) against the order passed u/s.143(3) of the Act, who confirmed the disallowance of set off against the brought forward losses. The assessee filed an appeal before the Tribunal. The Tribunal dismissed the appeal

NIRAJ PRATAPBHAI SHAH,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-3(3)(2)(FORMERLY ITO, WARD-3(3)(3)), AHMEDABAD

In the result, the appeal of the assessee in ITA No

Bench: Income Tax Appellate Tribunal, Ahmedabad Bench

losses. On analysis of the information, it was found that the assessee is also one of the beneficiaries who carried out the transaction in the share scrip of Safal Herbs Ltd and which was a penny stock. The department invoked provisions of Section 147 of the Act, and notice u/s. 148 of the Act was issued to the assessee, which

NIRAJ PRATAPBHAI SHAH,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-3(3)(2), (FORMERLY ITO, WARD-3(3)(3),, AHMEDABAD

In the result, the appeal of the assessee in ITA No

Bench: Income Tax Appellate Tribunal, Ahmedabad Bench

losses. On analysis of the information, it was found that the assessee is also one of the beneficiaries who carried out the transaction in the share scrip of Safal Herbs Ltd and which was a penny stock. The department invoked provisions of Section 147 of the Act, and notice u/s. 148 of the Act was issued to the assessee, which