THE DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. M/S. ARVIND RETAIL LTD. ( SINCE MERGED WITH ARVIND LIFESTYLE BRANDS LTD.,), AHMEDABAD

In the result, the Cross Objection of the assessee is partly allowed for statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

194A of the Act. 8.12. Regarding the interest payment of Rs. 2,32,890/- to ALBL, the learned CIT (A) found that the confirmation received from Kotak Mahindra Prime Limited does not include the amount of interest expenses paid by the assessee to ALBL. Accordingly, the learned CIT (A) confirmed the order of the AO. 8.13. Being aggrieved

SHRI ASHOKKUMAR DEVICHAND LODHA,,AHMEDABAD vs. THE ACIT, TDS RANGE,, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: The Ld. Cit(A).The Ld.Cit(A) Has Sustained The Impugned Penalty.

section 194A of the act. Thereafter the assessing officer has referred the case to the JCIT,TDS Range for initiation of penalty u/s 271

M/S. BAJAJ FOODS LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-1(2),, AHMEDABAD

Appeal of the assessee is allowed for statistical purposes

Penalty proceedings u/s. 271(1)(c) of the Act for furnishing inaccurate particulars of income are being initiated on this account. 19. ld. Counsel for the assessee further pointed out that the despite reiterating these contentions before the Ld. CIT(A) also. The same were also rejected for the same reasons by the Ld. CIT(A). He drew our attention

THE MAHALAXMI CREDIT CO. OP. SOCIETY LTD.,,KHEDA vs. THE ITO, WARD- 3,, NADIAD

In the result, the appeal of the assessee is dismissed

Penalty proceedings u/s. 271(l)(c) rws 274 of the Act initiated separately for furnishing inaccurate particulars of income. [Disallowance Rs.19,49,051]" 4. The assessee preferred appeal before the ld. CIT(A). The ld. CIT(A) has partly allowed the appeal of the assessee. The relevant part of the decision of ld. CIT(A) is reproduced as under

MINAL PRASHANT VAKIL LEGAL HEIR OF LATE. PRASHANT RASIKLAL VAKIL,AHMEDABAD vs. INCOME TAX OFFICERWARD 1, INTERNATIONAL TAX AHMEDABAD , AHMEDABAD

In the result, the appeal filed by the Assessee is allowed for statistical purpose

Bench: DR. BRR Kumar (Vice President), Shri T.R. Senthil Kumar (Judicial Member)

194A but no Return of Income filed. Therefore the assessment was reopened and a show cause notice u/s. 148A(b) was issued to the assessee. As there was no response, notice u/s. 148 was issued on 29-03-2022. In response, the assessee filed a Return of Income on 03-03-2023 declaring total income