YAKIN JAYANTILAL SHAH,AHMEDABAD vs. ITO, WARD 2(1)(1), AHMEDABAD, AHMEDABAD

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

reassessment originated from a search action under section 132, and therefore proceedings under section 147 were without jurisdiction. Reliance was placed on the coordinate bench decision in Mahesh D. Tekchandani v. ITO (ITA No. 1028/Ahd/2023, order dated 29.05.2024). 7.4 The CIT(A), while discussing the merits of best judgment assessments and the amendment introduced by the Finance Act, 2024 empowering

YAKIN JAYANTILAL SHAH,AHMEDABAD vs. ITO, WARD 2(1)(1), AHMEDABAD, AHMEDABAD

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

reassessment originated from a search action under section 132, and therefore proceedings under section 147 were without jurisdiction. Reliance was placed on the coordinate bench decision in Mahesh D. Tekchandani v. ITO (ITA No. 1028/Ahd/2023, order dated 29.05.2024). 7.4 The CIT(A), while discussing the merits of best judgment assessments and the amendment introduced by the Finance Act, 2024 empowering

YAKIN JAYANTILAL SHAH,AHMEDABAD vs. ITO, WARD2(1)(1), AHMEDABAD, AHMEDABAD

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

reassessment originated from a search action under section 132, and therefore proceedings under section 147 were without jurisdiction. Reliance was placed on the coordinate bench decision in Mahesh D. Tekchandani v. ITO (ITA No. 1028/Ahd/2023, order dated 29.05.2024). 7.4 The CIT(A), while discussing the merits of best judgment assessments and the amendment introduced by the Finance Act, 2024 empowering

YAKIN JAYANTILAL SHAH,AHMEDABAD vs. ITO, WARD 2(1)(1), AHMEDABAD, AHMEDABAD

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

reassessment originated from a search action under section 132, and therefore proceedings under section 147 were without jurisdiction. Reliance was placed on the coordinate bench decision in Mahesh D. Tekchandani v. ITO (ITA No. 1028/Ahd/2023, order dated 29.05.2024). 7.4 The CIT(A), while discussing the merits of best judgment assessments and the amendment introduced by the Finance Act, 2024 empowering

RAJIV AMRITLAL PATEL,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(4), AHMEDABAD

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

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

132 of the Act, notice under section 153A(1) will have to be mandatorily issued to the person searched requiring him to file returns for six AYs immediately preceding the previous year relevant to the AY in which the search takes place. ii. Assessments and reassessments pending on the date of the search shall abate. The total income for such

SADBHAV ENGINEERING LTD.,AHMEDABAD vs. DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD, DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD

In the result, all the appeals of the assessee are partly allowed\nand that of the Revenue are dismissed

132 or requisition under Section 132A of the Act, 1961.\nHowever, the completed/unabated assessments can be re-opened by the AO\nin exercise of powers under Sections 147/148 of the Act, subject to fulfilment\nof the conditions as envisaged/mentioned under sections 147/148 of the Act\nand those powers are saved.\nThe question involved in the present set of appeals

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016

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

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

4 12 248/Ahd/2016 ITA No.2815/Ahd/2011 and other 17 appeals JMC Projects (India) Ltd. vs. DCIT-ACIT (By assessee and Revenue) Asst. Years : 2007-08 to 2015-16 Disallowance of 2007- ITA 3,00,000 Assessee 1 Gift/Boni/Chandla 08 2815/Ahd/2011 Expenses Addition u/s 40(a)(ia) 2010- ITA 1,26,97,906 Assessee 2.1 for Import of Materials 11 1747/Ahd/2016