INCOME-TAX OFFICER, WARD-1(3)(1), AHMEDABAD, AHMEDABAD vs. PARTHIV JAWAHARBHAI SHAH, AHMEDABAD

The appeal of the asessee is partly allowed for statistical purposes while Revenue’s appeal is dismissed

reassessment or recomputation under section 147, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within such period, as may be specified in the notice, a return of his income or the income of any other person in respect of which he is assessable under this Act during the previous year corresponding to the relevant

PARTHIV JAWAHARBHAI SHAH,AHMEDABAD vs. THE ITO, WARD-1(3)(1), AHMEDABAD

The appeal of the asessee is partly allowed for statistical purposes while Revenue’s appeal is dismissed

Bench: SHRI SANJAY GARG (Judicial Member), SMT. ANNAPURNA GUPTA (Accountant Member)

reassessment or recomputation under section 147, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within such period, as may be specified in the notice, a return of his income or the income of any other person in respect of which he is assessable under this Act during the previous year corresponding to the relevant

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

reassessment shall be deemed to constitute satisfaction of Assessing Officer for initiation of penalty proceedings in term of section 271(1B). Therefore, in view of the above factual and legal position, I hold that Assessing Officer had recorded his satisfaction as mandated by the law and hence arguments of Ld. Authorized Representative on this account are rejected. 6.2. The appellant

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

reassessment shall be deemed to constitute satisfaction of Assessing Officer for initiation of penalty proceedings in term of section 271(1B). Therefore, in view of the above factual and legal position, I hold that Assessing Officer had recorded his satisfaction as mandated by the law and hence arguments of Ld. Authorized Representative on this account are rejected. 6.2. The appellant

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

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

reassessment shall be deemed to constitute satisfaction of Assessing Officer for initiation of penalty proceedings in term of section 271(1B). Therefore, in view of the above factual and legal position, I hold that Assessing Officer had recorded his satisfaction as mandated by the law and hence arguments of Ld. Authorized Representative on this account are rejected

OVEZ ARIFBHAI LAKHANI,BHAVNAGAR vs. THE PR. CIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Income Tax Appellate Tribunal, Ahmedabad Benches, Has Arisen From The Revisionary Order Dated 12.03.2024 Passed By Ld. Principal

section 263 are applicable in this case. The ld. PCIT set aside the reassessment order passed by the AO, dated 30.03.2022 with the directions to the Assessing Officer to pass fresh order in accordance with law after duly examining the facts of the case as discussed by ld. PCIT in its I.T.A No. 590/Ahd/2024 A.Y. 2014-15 Page

THE INCOME TAX OFFICER,WARD-3, GANDHINAGAR vs. SHRI RAMESH GOBARJI THAKOR, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Ms. Suchitra Raghunath Kambleassessment Year : 2010-11 Income-Tax Officer Vs. Shri Ramesh Gobarji Thakor Ward-3 Sector 11 Gandhinagar. Gandhinagar. Pan : Aespt 3446 H (Applicant) (Responent) Assessee By : Shri S.N. Soparkar, Sr.Advocate & Shri Parin Shah, Ars. Revenue By : Shri Kamlesh Makwana, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 16/04/2024 घोषणा क" तारीख /Date Of Pronouncement: 11/07/2024 आदेश आदेश/O R D E R आदेश आदेश

reassessment proceedings, submitted Ledger account of Smt. Hansaben M. Patel, Copy of the bank statement reflecting the transaction with Smt. Hansaben M. Patel, Copy of Return of Income for A.Y. 2009-10 filed by Smt. Hansaben M. Patel and her bank statement reflecting the above transaction with the assessee. Further the assessee also filed copy of confirmation received from

THE ACIT,(OSD)-I,RANGE-4,, AHMEDABAD vs. JMC PROJECTS (INDIA) LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)-I,RANGE-4,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

THE ACIT,(OSD)-I,RANGE-4,, AHMEDABAD vs. JMC PROJECTS (INDIA) LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

115 Assessee 3 09 2036/Ahd/2011 2009- ITA 33,34,815 Assessee 2.1 10 1746/Ahd/2016 2011- ITA 18,34,735 Assessee 3.1 12 1746/Ahd/2016 Penalty for Leave 2007- ITA 25,59,312 Assessee 1 Encashment 08 2603/Ahd/2013 2008- ITA 28,51,368 Assessee 1 09 2604/Ahd/2013 Disallowance under 2008- ITA 2,07,727 Assessee 1 Section 14A 09 2036/Ahd/2011