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.

penalty proceedings u/s 271(1)© of the Act as invalid. Devendra Narendrabhai Thakker vs. ACIT Asst.Year –2011-12 Similarly, the case law relied on the assessee, i.e. Price Waterhouse Coopers Pvt. Ltd. (supra) also does not support the case of the assessee. In the case of Waterhouse Coopers Pvt. Ltd. (supra), there was disclosure in the tax audit report

SHRI GIRISHBHAI VADILAL SHAH,,AHMEDABAD vs. THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, appeal preferred by the assessee in ITA No

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 330, 331 & 332/Ahd/2020 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Years : 2014-15, 2015-16 & 2016-17) िनधा"रण वष" Girishbhai Vadilal Shah Dcit बनाम बनाम/ बनाम बनाम 139, V R Shah Smruti Circle – 4(1)(2), Vs. Shikshan Mandir, Nr. Ahmedabad Dharnidhar Derasar, Vasna, Ahmedabad, Gujarat, 380007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abjps3102P (Appellant) .. (Respondent) Shri Jaimin Shah, Ar अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Ms. Saumya Pandey Jain, Sr. Dr Date Of Hearing 26/06/2024 Date Of Pronouncement 15/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: These Three Appeals Are Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Ahmedabad, (In Short The ‘Cit(A)’), (In Short ‘The Cit(A)’) All Dated 16.03.2020 For The Assessment Year 2014-15, 2015-16 & 2016-17. As The Issues Involved In The Three Appeals Are Common, They Were Heard Together & Are Being Disposed Vide This Common Order.

271(1)(c) and as such the penalty and interest u/s 234A, 234B and 234C may please be deleted.” 20. Ground Nos. 1 & 2 pertain to disallowance of interest expenses of Rs.24,02,792/- under Section 58(2) r.w.s. 40A

SHRI GIRISHBHAI VADILAL SHAH,,AHMEDABAD vs. THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, appeal preferred by the assessee in ITA No

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 330, 331 & 332/Ahd/2020 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Years : 2014-15, 2015-16 & 2016-17) िनधा"रण वष" Girishbhai Vadilal Shah Dcit बनाम बनाम/ बनाम बनाम 139, V R Shah Smruti Circle – 4(1)(2), Vs. Shikshan Mandir, Nr. Ahmedabad Dharnidhar Derasar, Vasna, Ahmedabad, Gujarat, 380007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abjps3102P (Appellant) .. (Respondent) Shri Jaimin Shah, Ar अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Ms. Saumya Pandey Jain, Sr. Dr Date Of Hearing 26/06/2024 Date Of Pronouncement 15/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: These Three Appeals Are Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Ahmedabad, (In Short The ‘Cit(A)’), (In Short ‘The Cit(A)’) All Dated 16.03.2020 For The Assessment Year 2014-15, 2015-16 & 2016-17. As The Issues Involved In The Three Appeals Are Common, They Were Heard Together & Are Being Disposed Vide This Common Order.

271(1)(c) and as such the penalty and interest u/s 234A, 234B and 234C may please be deleted.” 20. Ground Nos. 1 & 2 pertain to disallowance of interest expenses of Rs.24,02,792/- under Section 58(2) r.w.s. 40A

SHRI GIRISHBHAI VADILAL SHAH,,AHMEDABAD vs. THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result, appeal preferred by the assessee in ITA No

Bench: Ms. Suchitra Raghunath Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 330, 331 & 332/Ahd/2020 (िनधा"रण वष" िनधा"रण वष" िनधा"रण वष" / Assessment Years : 2014-15, 2015-16 & 2016-17) िनधा"रण वष" Girishbhai Vadilal Shah Dcit बनाम बनाम/ बनाम बनाम 139, V R Shah Smruti Circle – 4(1)(2), Vs. Shikshan Mandir, Nr. Ahmedabad Dharnidhar Derasar, Vasna, Ahmedabad, Gujarat, 380007 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abjps3102P (Appellant) .. (Respondent) Shri Jaimin Shah, Ar अपीलाथ" ओर से /Appellant By : ""यथ" क" ओर से/Respondent By : Ms. Saumya Pandey Jain, Sr. Dr Date Of Hearing 26/06/2024 Date Of Pronouncement 15/07/2024 O R D E R Per Shri Narendra Prasad Sinha, Am: These Three Appeals Are Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Ahmedabad, (In Short The ‘Cit(A)’), (In Short ‘The Cit(A)’) All Dated 16.03.2020 For The Assessment Year 2014-15, 2015-16 & 2016-17. As The Issues Involved In The Three Appeals Are Common, They Were Heard Together & Are Being Disposed Vide This Common Order.

271(1)(c) and as such the penalty and interest u/s 234A, 234B and 234C may please be deleted.” 20. Ground Nos. 1 & 2 pertain to disallowance of interest expenses of Rs.24,02,792/- under Section 58(2) r.w.s. 40A

DECO MICA LIMITED,AHMEDABAD vs. THE JCIT(OSD), CIRCLE-1(1)(2),, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri P.M. Jagtap, Vice- & Ms. Suchitra R. Kambleassessment Year : 2015-16 M/S. Deco Mica Limited, Joint Commissioner Of 306, 3Rd Floor, Iscon Mall, Star Bazar Vs Income-Tax (Osd), Building, Jodhpur Cross Road, Circle 1(1)(2), Satellite, Ahmedabad-380015 Ahmedabad Pan : Aaacd 8652 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Parimalsinh B. Parmar, Ar Revenue By : Shri Ramesh Kumar, Sr. Dr

u/s. 271(1)(c) of the I.T. Act, 1961 for furnishing inaccurate particulars of income in respect of loss on sale of assets of Rs.3,35,499/-. In view of the above facts of the case, the penalty levied by the AO is confirmed.” 5. Aggrieved by the order of the learned CIT(A), the assessee has preferred this appeal

SPC LIFESCIENCES PRIVATE LIMITED,VADODARA vs. DCIT CIRCLE 2(1) (1), VADODARA

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy1. आयकर अपील सं./Ita No.1578/Ahd/2018 2. आयकर अपील सं./Ita No.1628/Ahd/2017 ("नधा"रण वष"/Assessment Years : 2012-13 & 2013-14)

u/s 271(1)(c) of the Act is not justifiable in the given facts and circumstances. Accordingly, we delete the penalty ITA No.1578/Ahd/2018 & SPC Life Sciences Pvt.Ltd. vs. DCIT Asst.Years – 2012-13 & 2013-14 imposed by the authorities below. Hence, the ground of appeal of the assessee is allowed. 5. In the result, the appeal of the assessee

SPC LIFE SCIENCES PRIVATE LIMITED,VADODARA vs. DCIT CIRCLE 2(1) (1), VADODARA

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy1. आयकर अपील सं./Ita No.1578/Ahd/2018 2. आयकर अपील सं./Ita No.1628/Ahd/2017 ("नधा"रण वष"/Assessment Years : 2012-13 & 2013-14)

u/s 271(1)(c) of the Act is not justifiable in the given facts and circumstances. Accordingly, we delete the penalty ITA No.1578/Ahd/2018 & SPC Life Sciences Pvt.Ltd. vs. DCIT Asst.Years – 2012-13 & 2013-14 imposed by the authorities below. Hence, the ground of appeal of the assessee is allowed. 5. In the result, the appeal of the assessee

THE DCIT (EXEMPTIONS), CIRCLE-2,, AHMEDABAD vs. BARODA CRICKET ASSOCIATION,, VADODARA

In the result, all the three appeals of the Revenue are dismissed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad1. आयकर अपील सं./I.T.A. No.999/Ahd/2017 2. आयकर अपील सं./I.T.A.No.1000/Ahd/2017 3. आयकर अपील सं./I.T.A.No.1001/Ahd/2017 (Assessment Years : 2009-10, 2010-11 & 2011-12 Respectively)

u/s 40a(i). Further, penalty u/ 271(1) (c) for concealment or furnishing of inaccurate particulars of income was also imposed upon the assessee. On appeal before the High Court, the Revenue sought to justify the disallowance and penalty by placing reliance on Explanation 5 introduced to Section

THE DCIT (EXEMPTIONS), CIRCLE-2,, AHMEDABAD vs. BARODA CRICKET ASSOCIATION,, VADODARA

In the result, all the three appeals of the Revenue are dismissed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad1. आयकर अपील सं./I.T.A. No.999/Ahd/2017 2. आयकर अपील सं./I.T.A.No.1000/Ahd/2017 3. आयकर अपील सं./I.T.A.No.1001/Ahd/2017 (Assessment Years : 2009-10, 2010-11 & 2011-12 Respectively)

u/s 40a(i). Further, penalty u/ 271(1) (c) for concealment or furnishing of inaccurate particulars of income was also imposed upon the assessee. On appeal before the High Court, the Revenue sought to justify the disallowance and penalty by placing reliance on Explanation 5 introduced to Section

THE DCIT (EXEMPTIONS), CIRCLE-2,, AHMEDABAD vs. BARODA CRICKET ASSOCIATION,, VADODARA

In the result, all the three appeals of the Revenue are dismissed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad1. आयकर अपील सं./I.T.A. No.999/Ahd/2017 2. आयकर अपील सं./I.T.A.No.1000/Ahd/2017 3. आयकर अपील सं./I.T.A.No.1001/Ahd/2017 (Assessment Years : 2009-10, 2010-11 & 2011-12 Respectively)

u/s 40a(i). Further, penalty u/ 271(1) (c) for concealment or furnishing of inaccurate particulars of income was also imposed upon the assessee. On appeal before the High Court, the Revenue sought to justify the disallowance and penalty by placing reliance on Explanation 5 introduced to Section

SUJAG FINE CHEMICALS PVT.LTD.,,BARODA vs. THE ACIT, CIRCLE-4,, BARODA

In the result, both the appeals of the assessee are partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita Nos. 3527 & 3528/Ahd/2015 "नधा"रण वष"/Assessment Years: 2004-05 & 2007-08 Sujag Fine Chemicals Pvt. The Asst. Commissioner Ltd., Vs Of Income Tax, 42/6 & 7, Gidc Estate, At & Circle – 4, Post, Baroda. Nandesari, Dist. Baroda – 391 340 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadcs 2989 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Revenue By : Shri Sunil Talati, C.A. Assessee By : Shri Saurabh Singh, Sr. D.R.

penalty can be imposed. 13. The next items are addition of Rs.22,10,044/- u/s. 68 of the Income Tax Act and addition of Rs.9,85,074/- u/s 40A(2)(b) of the Income Tax Act. Learned counsel for the assessee submitted that both these additions have been deleted by the ITAT. In the original order, Tribunal has remitted

SUJAG FINE CHEMICALS PVT.LTD.,,BARODA vs. THE ACIT, CIRCLE-4,, BARODA

In the result, both the appeals of the assessee are partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita Nos. 3527 & 3528/Ahd/2015 "नधा"रण वष"/Assessment Years: 2004-05 & 2007-08 Sujag Fine Chemicals Pvt. The Asst. Commissioner Ltd., Vs Of Income Tax, 42/6 & 7, Gidc Estate, At & Circle – 4, Post, Baroda. Nandesari, Dist. Baroda – 391 340 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadcs 2989 J अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Revenue By : Shri Sunil Talati, C.A. Assessee By : Shri Saurabh Singh, Sr. D.R.

penalty can be imposed. 13. The next items are addition of Rs.22,10,044/- u/s. 68 of the Income Tax Act and addition of Rs.9,85,074/- u/s 40A(2)(b) of the Income Tax Act. Learned counsel for the assessee submitted that both these additions have been deleted by the ITAT. In the original order, Tribunal has remitted

M/S. BRIJLAXMI LEASING & FINANCE LTD.,,BARODA vs. THE ACIT, CIRCLE-1(1),, BARODA

In the result, appeal of the assessee in ITA No

Bench: Shri Pradip Kumar Kedia & Smt. Madhumita Roy

Section 249(4)(a) of the Act is therefore the effective appeal maintainable before the CIT(A) for adjudication on merits. This position taken by the assessee has been accepted by the CIT(A) albeit in penalty appeal. The relevant operative para of the order of the CIT(A) in penalty appeal is reproduced hereunder for ready reference

APEX HEALTH CARE LIMITED,ANKLESHWAR vs. THE ACIT, CIRCLE-2, BHARUCH PRESENT JURIDICTION THE DY.CIT, CENTRAL CIRCLE-2, VADODARA

In the result, the appeal filed by the assessee is partly allowed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

penalty proceedings u/s 271(1)(c) of the Act is unjustified. I.T.A No. 547/Ahd/2023 A.Y. 2015-16 Page No 6 Apex Health Care Ltd. vs. DCIT 4.1. Heard rival submissions and perused the materials available on record including Paper Book and Case Laws compilation filed by the assessee. 5. Regarding Ground Nos. 1 to 4 disallowance of Rs.44

TRINITY HERBO TECH,,SABARKANTHA vs. THE INCOME TAX OFFICER, S.K.WARD-2, HIMATNAGAR

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

u/s. 271(1)(c) of the Act. The penalty proceedings are separate with the quantum proceeding. Therefore, we note that the issue raised by the assessee is premature and does not require any separate adjudication. 5. The issue raised in ground no.5 is general in nature and therefore the same does not required any separate adjudication. Accordingly, we dismiss

THE DCIT,(OSD)-1, CIRCLE-4,, AHMEDABAD vs. MIDVALLEY HEALTHCARE SERVICES PVT.LTD.,, AHMEDABAD

In the result, the CO of the assessee is partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

penalty proceedings u/s 271(l)(c) of the Act. The appellant craves leave to add, amend, edit, delete, change or modify all or any of the ground before or at the time of hearing. 12. At the outset, it was noticed that there was the delay in filing the CO by the assessee for 723 days. The assessee

M/S. PRIYA BLUE INDUSTRIES PVT. LTD.,,BHAVNAGAR vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-1,, BHAVNAGAR

In the result, the appeal of the assessee is allowed

section 271(1)(c) of the Income Tax Act, 1961; in short “the Act”. 2. The solitary ground of appeal of the assessee is filed against the decision of ld. CIT(A) in confirming the penalty of Rs. 1,67,517/- levied u/s. 271(1)(c) of the act. I.T.A No. 2397/Ahd/2017 A.Y. 2011-12 Page No 2 M/s. Priya

SHARMA CARS PVT. LTD.,,AHMEDABAD vs. THE DY. CIT, CIRCLE-8, NOW CIRCLE-4(1)(1),, AHMEDABAD

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

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No. 1655/Ahd/2015 "नधा"रण वष"/Assessment Year: 2011-12 Sharma Cars P.Ltd. Dcit, Cir.8 “Kayakalp”, N.H. No.8 Vs Ahmedabad. Naroda, Ahmedabad 382330. Pan: Aadcs 0305 E अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri T.P. Hemani & Shri P.B. Parmar, Ar Revenue By : Shri Vinod Tanwani, Sr.Dr

section 40A(2) of the Act and also in view of the reasons stated in Para 3.5 of this order. Penalty proceedings u/s. 271