SHRI PAVAN M.SHARMA L/H OF LATE MAHESH L.SHARMA,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-9(2),, AHMEDABAD

In the result, the appeal of the assessee is allowed

disallowance of business expenditure of Rs. 5,98,616/- the ld. counsel submitted that Assessing Officer has not found any fault with the genuineness of such expenses and therefore under such circumstances no penalty can be levied u/s. 271

SHRI PAVAN M.SHARMA L/H OF LATE MAHESH L.SHARMA,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-9(2),, AHMEDABAD

In the result, the appeal of the assessee is allowed

disallowance of business expenditure of Rs. 5,98,616/- the ld. counsel submitted that Assessing Officer has not found any fault with the genuineness of such expenses and therefore under such circumstances no penalty can be levied u/s. 271

SHRI PAVAN M.SHARMA L/H OF LATE MAHESH L.SHARMA,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-9(2),, AHMEDABAD

In the result, the appeal of the assessee is allowed

disallowance of business expenditure of Rs. 5,98,616/- the ld. counsel submitted that Assessing Officer has not found any fault with the genuineness of such expenses and therefore under such circumstances no penalty can be levied u/s. 271

SHRI PAVAN M.SHARMA L/H OF LATE MAHESH L.SHARMA,AHMEDABAD vs. THE ADIT(EXEMPTION),, AHMEDABAD

In the result, the appeal of the assessee is allowed

disallowance of business expenditure of Rs. 5,98,616/- the ld. counsel submitted that Assessing Officer has not found any fault with the genuineness of such expenses and therefore under such circumstances no penalty can be levied u/s. 271

SHRI PAVAN M.SHARMA L/H OF LATE MAHESH L.SHARMA,AHMEDABAD vs. THE ADIT(EXEMPTION),, AHMEDABAD

In the result, the appeal of the assessee is allowed

disallowance of business expenditure of Rs. 5,98,616/- the ld. counsel submitted that Assessing Officer has not found any fault with the genuineness of such expenses and therefore under such circumstances no penalty can be levied u/s. 271

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

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

Bench: Dr. Brr Kumar & Shri T.R.Senthil Kumar

disallowance of Rs.4,22,77,759/- u/s. 14A read with Rule 8D of the income -tax Rule, 1962 and penalty proceedings u/s. 271

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

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

Bench: Dr. Brr Kumar & Shri T.R.Senthil Kumar

disallowance of Rs.4,22,77,759/- u/s. 14A read with Rule 8D of the income -tax Rule, 1962 and penalty proceedings u/s. 271

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

penalty can be levied u/s. 271(1)(c). The assessee has not furnished any inaccurate particulars of income either in the Return of Income or during the appellate proceedings and deductions claimed u/s. 35E and depreciation u/s. 32 are claimed are also well in accordance with law. The disallowance

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

penalty can be levied u/s. 271(1)(c). The assessee has not furnished any inaccurate particulars of income either in the Return of Income or during the appellate proceedings and deductions claimed u/s. 35E and depreciation u/s. 32 are claimed are also well in accordance with law. The disallowance

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

penalty can be levied u/s. 271(1)(c). The assessee has not furnished any inaccurate particulars of income either in the Return of Income or during the appellate proceedings and deductions claimed u/s. 35E and depreciation u/s. 32 are claimed are also well in accordance with law. The disallowance

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

penalty can be levied u/s. 271(1)(c). The assessee has not furnished any inaccurate particulars of income either in the Return of Income or during the appellate proceedings and deductions claimed u/s. 35E and depreciation u/s. 32 are claimed are also well in accordance with law. The disallowance

RAMCHAND BHULCHAND RAJAI,BHAVNAGAR vs. THE DY.CIT.,CIRCLE-1, , BHAVNAGAR

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumarआयकर अपील सं / Ita No. 167/Ahd/2024 िनधा"रण वष"/Assessment Year : 2009-10 बनाम बनाम बनाम बनाम Ramchand Bhulchand Rajai, The Deputy Commissioner C/O. Jayesh Tyres, Vs. Of Income-Tax, Opp. Railway Station, Circle-1, Bhavnagar Bhavnagar-364001 Pan : Abmpr 4841 D अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) िनधा"रती की ओर से / Assessee By : Shri B.R. Popat, Ar ""थ" की ओर से / Revenue By: Shri Prateek Sharma, Sr Dr सुनवाई की तारीख /Date Of Hearing : 22/04/2024 घोषणा की तारीख /Date Of Pronouncement: 15/07/2024 आदेश/O R D E R Per Annapurna Gupta

271(1)(c) of the Act, for the Assessment Year (AY) 2009-10. 2. The penalty in the present case was levied on concealment/furnishing of inaccurate particulars of income, arising from the following disallowances made by the Assessing Officer which were confirmed upto the ITAT:- Ramchand Bhulchand Rajai Vs. DCIT AY : 2009-10 2 (i) Disallowance u/s

DEVENDRA NARENDRABHAI THAKKER,,AHMEDABAD vs. ACIT, CIRCLE-5(2), AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./I.T.A. No. 762/Ahd/2018 ("नधा"रण वष" / Assessment Year : 2011-12) Devendra Narendrabhai Acit, बनाम/ Thakker, Cir – 5(2), Vs. C/O Maffick Logistics, 228, Ahmedabad. Akshar Arcade, Opp. Memnagar Fire Station, Navrangpura, Ahmedabad-14 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abfpt 6354 E .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से / Appellant By : Shri Jyotish M. Shah, A.R. ""यथ" क" ओर से/Respondent By : Shri Prasoon Kabra, Sr.D.R.

disallowing the deduction u/s 54G of the Act. In compliance to it, the assessee submitted that he has already paid taxes along with interest for the wrong claim of deduction u/s 54G of the Act. It was also claimed that deduction u/s 54G for Rs.74,65,134/- was claimed inadvertently on the misinterpretation of the provisions of law. Accordingly

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

In the result, the appeal of the Revenue is dismissed

disallowance u/s 80-IA of the Act in quantum appeal. The Ld. Assessing Officer also imposed penalty u/s 271(1)(c) of the Act in respect

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 hereby partially allowed for statistical purposes

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

u/s 10B 504 12 Disallowances of repair expenses 1,017,500 13 Disallowances of leave encashment 3,998,673 14 Disallowances under section 14A 36,066,172 2.2 The amount of penalty was levied by the AO under section 271

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

In the result, the appeal of the Revenue is hereby partially allowed for statistical purposes

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

u/s 10B 504 12 Disallowances of repair expenses 1,017,500 13 Disallowances of leave encashment 3,998,673 14 Disallowances under section 14A 36,066,172 2.2 The amount of penalty was levied by the AO under section 271

THE DY. CIT, CIRCLE-1(3),, BARODA vs. M/S. FINE LINE CIRCUIT COMPANY,, VADODARA

In the result, the appeal of the revenue is dismissed

disallowance of deduction u/s 10B of the Act on account of deemed export u/s 10B in favour of the assessee in A.Y. 2004-05 vide decision dated 18.06.2010 in CAB/I I-605/08- ' 09. The Assessing Officer has himself dropped the penalty u/s 271

M/S. VIMALACHAL PRINT & PACK PVT. LTD.,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(2),, AHMEDABAD

Appeal of the assessee is partly allowed

Bench: Us.

U/s 271(1)(c) on disallowance of claim requires to be deleted. 4. That the Appellant has suo moto declared the disallowances of Foreign exchange fluctuation loss on capital assets during the course of assessment proceedings which does not amounts to concealment or inaccurate particulars of Income, therefore the penalty

I- SERVE SYSTEM PVT. LTD.,,GANDHINAGAR vs. DY. COMMISSIONER OF INCOME TAX, GANDHINAGAR CIRCLE,, GANDHINAGAR

In the result, the appeal of the assessee is allowed

Bench: Shri P. M. Jagtap & Ms. Suchitra Kamble

u/s. 271(1)(c) was reduced to Rs.8,26,709/-. Still aggrieved, the assessee has preferred this appeal before the Tribunal. 6. The learned Counsel for the assessee submitted that penalty under Section 271(1)(c) of the Act has been imposed in the case of the assessee on the addition made on account of disallowance