PARVINDAR INDAR SINGH,VADODARA vs. THE ACIT, CIRCLE-1(1)(1), VADODARA

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

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

Reassessment) Assessment year 2014-15-Assessment was sought to be reopened in case of assessee on ground that assessee had claimed business loss and absorbed depreciation

PARVINDAR INDAR SINGH,VADODARA vs. THE ACIT, CIRCLE-1(1)(1), VADODARA

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

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

Reassessment) Assessment year 2014-15-Assessment was sought to be reopened in case of assessee on ground that assessee had claimed business loss and absorbed depreciation

DCIT CENTRAL CIRCLE- 1(3), AAYKAR BHAVAN vs. SIDDHESWARI INFRASTRUCTURE, JUDGES BUNGLOW ROAD

The appeals are dismissed

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita Nos. 595 & 596/Ahd/2023 िनधा"रण वष" /Assessment Years: 2016-17 & 2017-18 Respectively The Dcit Siddheswari Infrastructure बनाम/ Circle-1(3) B-101, Shakti Enclave V/S. Ahmedabad Judges Bungalows Road Ahmedabad – 380 054 "थायी लेखा सं./Pan: Abmfs 3587 R (अपीलाथ$/ Appellant) (%& यथ$/ Respondent) Assessee By : -None- Revenue By : Shri Rignesh K. Das, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 12/09/2024 घोषणा की तारीख /Date Of Pronouncement: 23/09/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

Reassessment 29.09.2021 29.09.2021 Order Key Additions by AO - Rs.1,38,65,603 - Rs.2,10,62,866 (Unexplained (Unexplained transactions) transactions) ITA Nos.595 & 596/Ahd/2023 The DCIT vs. Siddheswari Infrastructure Asst. Years : 2016-17 & 2017-18 - Rs.3,85,82,434 - Rs.36,50,754 (Excess (Estimated profit @ depreciation

DCIT CENTRAL CIRCLE 1(3) ,AHMEDABAD, AAYKAR BHAVAN, ASHRAM ROAD vs. SIDDHESWARI INFRASTRUCTURE, JUDGES BUNGLOW ROAD

The appeals are dismissed

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita Nos. 595 & 596/Ahd/2023 िनधा"रण वष" /Assessment Years: 2016-17 & 2017-18 Respectively The Dcit Siddheswari Infrastructure बनाम/ Circle-1(3) B-101, Shakti Enclave V/S. Ahmedabad Judges Bungalows Road Ahmedabad – 380 054 "थायी लेखा सं./Pan: Abmfs 3587 R (अपीलाथ$/ Appellant) (%& यथ$/ Respondent) Assessee By : -None- Revenue By : Shri Rignesh K. Das, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 12/09/2024 घोषणा की तारीख /Date Of Pronouncement: 23/09/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

Reassessment 29.09.2021 29.09.2021 Order Key Additions by AO - Rs.1,38,65,603 - Rs.2,10,62,866 (Unexplained (Unexplained transactions) transactions) ITA Nos.595 & 596/Ahd/2023 The DCIT vs. Siddheswari Infrastructure Asst. Years : 2016-17 & 2017-18 - Rs.3,85,82,434 - Rs.36,50,754 (Excess (Estimated profit @ depreciation

SHRI SHIVAJIRAO R.CHAVAN,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-13(2),, AHMEDABAD

The appeals of the assessee are allowed

Bench: Smt.Annapurna Gupta & Smt. Madhumita Roy

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation

THE ITO, WARD-13(2),, AHMEDABAD vs. SHRI SHIVAJIRAO R.CHAVAN,, AHMEDABAD

The appeals of the assessee are allowed

Bench: Smt.Annapurna Gupta & Smt. Madhumita Roy

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation

M/S. HARSIDDH QUARRY WORKS,ARAVALLI vs. THE PR. CIT-1, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकरअपीलसं./Ita No.103/Ahd/2022 धििाधरणवरध/Asstt. Year: 2014-2015 M/S. Harsiddh Quarry Works, Principal Commissioner Of At Alva (Vatrak), Vs. Income Tax, Taluka Bayad, Ahmedabad. District Aravalli, Alva(Vaarak)-383325. Pan: Aaifh0303H

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation

AARVEE DENIMS & EXPORTS LTD.,AHMEDABAD vs. THE PR. CIT, AHMEDABAD-1, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.396/Ahd/2024 िनधा"रण वष" /Assessment Year : 2018-19 Aarvee Denims & Exports Ltd. The Pr.Cit बनाम/ 191, Shahwadi Ahmedabad-1 V/S. Narol–Sarkhej Highway Ahmedabad – 382 405 (Gujarat) "थायी लेखा सं./Pan: Aabca 6019 P (अपीलाथ&/ Appellant) ('( यथ&/ Respondent) Assessee By : Shri Divyakant Parikh, Ar Revenue By : Shri Prithviraj Meena, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 19/09/2024 घोषणा की तारीख /Date Of Pronouncement: 27/09/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

depreciation) were considered, these amounts would enhance the eligible business profits. With the available section 80IA deduction of Rs.5,39,19,734/-, the enhanced profits would still result in NIL taxable income, making the PCIT’s order to reassess

SHRI NAVINCHANDRA N. PATEL,VADODARA vs. THE ACIT, CIRCLE-1(2), VADODARA

In the result, the appeal of the assessee is allowed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or re compute the loss or the depreciation

ASHAPURA STONE INDUSTRIES,ANAND vs. THE INCOME TAX OFFICER, WARD-3 NOW WARD-1, ANAND

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar, Accountnat Member 1. Ita No.27/Ahd/2024 2. Ita No.28/Ahd/2024 Assessment Years : 2012-13 & 2013-14 (Respectively) Ashapura Stone Industries The Income Tax Officer Nh No.8, Nr. Geb Sub-Station Vs Ward-3 (Now Ward-1) Vasad – 388 306 (Gujarat) Anand Pan: Aaufa 6762 D अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri B.T. Thakkar, Ar Revenue By : Shri Ketan Gajjar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 06/06/2024 घोषणा क" तार"ख /Date Of Pronouncement: 11/06/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am: These Two Appeals By The Assessee Pertain To Different Assessment Years, But Involve Common Issues (Except Quantum In Appeal) & Hence Are Being Decided Together For The Sake Of Convenience & Brevity. The Appeals Are Directed Against The Orders Of The Ld.Commissioner Of Income Tax (Appeals) – National Faceless Appeal Centre, Delhi (Nfac) - [Hereinafter Referred To As “The Cit(A)”], For The Assessment Years (Ays) 2012-13 & 2013-14, Both Dated 16/11/2023, Arising Out Of Assessment Orders Passed For Respective Assessment Years By Assessing Officer

reassessment proceedings, the AO added Rs.50,00,000/- and Rs.1,66,77,985/- u/s.69 of the Act as unexplained investment for AY 2012-13 and AY 2013-14 respectively. For AY 2013-14, the AO also disallowed the depreciation

ASHAPURA STONE INDUSTRIES,ANAND vs. THE INCOME TAX OFFICER, WARD-3 NOW WARD-1, ANAND

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar, Accountnat Member 1. Ita No.27/Ahd/2024 2. Ita No.28/Ahd/2024 Assessment Years : 2012-13 & 2013-14 (Respectively) Ashapura Stone Industries The Income Tax Officer Nh No.8, Nr. Geb Sub-Station Vs Ward-3 (Now Ward-1) Vasad – 388 306 (Gujarat) Anand Pan: Aaufa 6762 D अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri B.T. Thakkar, Ar Revenue By : Shri Ketan Gajjar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 06/06/2024 घोषणा क" तार"ख /Date Of Pronouncement: 11/06/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am: These Two Appeals By The Assessee Pertain To Different Assessment Years, But Involve Common Issues (Except Quantum In Appeal) & Hence Are Being Decided Together For The Sake Of Convenience & Brevity. The Appeals Are Directed Against The Orders Of The Ld.Commissioner Of Income Tax (Appeals) – National Faceless Appeal Centre, Delhi (Nfac) - [Hereinafter Referred To As “The Cit(A)”], For The Assessment Years (Ays) 2012-13 & 2013-14, Both Dated 16/11/2023, Arising Out Of Assessment Orders Passed For Respective Assessment Years By Assessing Officer

reassessment proceedings, the AO added Rs.50,00,000/- and Rs.1,66,77,985/- u/s.69 of the Act as unexplained investment for AY 2012-13 and AY 2013-14 respectively. For AY 2013-14, the AO also disallowed the depreciation

UNIQUE MERCANTILE INDIA LIMITED,AHMEDABAD vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX AHMEDABAD - 3, AHMEDABAD

In the result, the appeal filed by the assessee is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

depreciation on goodwill amounting to Rs.57,11,17,504/- 9. In law and in the facts and circumstances of the Appellant's case the Id. PC1T has ignored that SFT information of Rs. 20,92,49,727/- was already available with the departmental record and more over the reassessment

CHIRIPAL INDUSTRIES LIMITED,AHMEDABAD vs. THE DY.CIT., CIRCLE-1(1)(2),, AHMEDABAD

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

Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकरअपीलसं./Ita No. 708/Ahd/2023 धििाधरणवरध/Asstt. Year: 2014-2015 Chirpal Industries Limited, D.C.I.T, Chirpal House, Vs. Circle-1(1)(2), Shivranjani Cross Road, Ahmedabad. Satellight, Ahmedabad-380015. Pan: Aaacc8513B

depreciation of Rs.79,24,946/- made in the Assessment Order passed u/s.143(3) r.w.s 147 of the I.T Act having effect of reducing the claim of deduction made u/s.80IA of the Act to the extent. 2. Ld.CIT(A) has erred in law and on facts in confirming the validity of the reassessment

JAI TRIPATI STEELS PVT LTD,AHMEDABAD vs. PCIT-1, AHMEDABAD

In the result, the appeal of the assesse is allowed

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyalassessment Year : 2015-16 Jai Tripati Steels P.Ltd. Vs. The Ld.Pr.Cit-1 402, Maurya Atria Ahmedabad. Opp: Kalgi Stats Bodakdev, Ahmedabad. Pan : Aabcj 5104 E (Applicant) (Responent) : Shri Chetan Agarwal, Ar Assessee By : Shri Prathvi Raj Meena, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 26/12/2025 घोषणा क" तारीख /Date Of Pronouncement: 14/02/2025 आदेश आदेश/O R D E R आदेश आदेश

reassessment proceeding and cancel/quash the notice issued u/s 263 of the Act and pass the necessary order without any modification or adverse effect.” o Our attention as also drawn to the fact pointed out to the ld.Pr.CIT that profits earned by the assessee in F&O transaction amounted to Rs.75,78,885/-, but the assessee had returned net profit

DEPUTY COMMISSIONER OF INCOME TAX, GANDHINAGAR vs. GUJARAT STATE PETROLEUM CORPORATION LIMITED, GANDHINAGAR

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

reassessment orders, assessee filed appeals before Ld CIT[A], who has confirmed the reopening of assessment as correct in law and deleted few additions made by the Assessing Officer and thereby partly allowed the appeal in favour of the assessee and in favour of the Revenue. 4. Aggrieved against the appellate orders both are in appeal before this Tribunal. Grounds

GUJARAT STATE PETROLEUM CORPORATION LIMITED,GANDHINAGAR vs. DCIT, GANDHINAGAR CIRCLE, GANDHINAGAR, GANDHINAGAR

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

reassessment orders, assessee filed appeals before Ld CIT[A], who has confirmed the reopening of assessment as correct in law and deleted few additions made by the Assessing Officer and thereby partly allowed the appeal in favour of the assessee and in favour of the Revenue. 4. Aggrieved against the appellate orders both are in appeal before this Tribunal. Grounds

GUJARAT STATE PETROLEUM CORPORATION LIMITED,GANDHINAGAR vs. DCIT, GANDHINAGAR CIRCLE, GANDHINAGAR, GANDHINAGAR

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

reassessment orders, assessee filed appeals before Ld CIT[A], who has confirmed the reopening of assessment as correct in law and deleted few additions made by the Assessing Officer and thereby partly allowed the appeal in favour of the assessee and in favour of the Revenue. 4. Aggrieved against the appellate orders both are in appeal before this Tribunal. Grounds

DEPUTY COMMISSIONER OF INCOME TAX, GANDHINAGAR vs. GUJARAT STATE PETROLEUM CORPORATION LIMITED, GANDHINAGAR

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

reassessment orders, assessee filed appeals before Ld CIT[A], who has confirmed the reopening of assessment as correct in law and deleted few additions made by the Assessing Officer and thereby partly allowed the appeal in favour of the assessee and in favour of the Revenue. 4. Aggrieved against the appellate orders both are in appeal before this Tribunal. Grounds