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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

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

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

196 Assessee 2 Encashment 08 2815/Ahd/2011 2008- ITA 81,81,115 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

DCIT, CIRCLE-2(1)(2),, BARODA vs. M/S. WELSUIT GLASS & CERAMICS PVT. LTD., VADODARA

In the result both the appeals filed by the assessee are allowed

196) E.L.T. 237] (iv) Southern Ispat Limited v. CCE - [2009 (248) E.L.T. 270] (v) SVM Cera Tea Limited v. CCE - [2013 (292) E.L.T. 580] 4 .. 5 .. 6. On the issue of clandestine removal of frit, based on the gas consumption of the main appellant, it is observed from Para 13.2 of the order-in-original dated 10-5-2011 that

THE ADDL. CIT, RANGE-4,, BARODA vs. M/S. WELSUIT GLASS & CERAMICS PVT. LTD., BARODA

In the result both the appeals filed by the assessee are allowed

196) E.L.T. 237] (iv) Southern Ispat Limited v. CCE - [2009 (248) E.L.T. 270] (v) SVM Cera Tea Limited v. CCE - [2013 (292) E.L.T. 580] 4 .. 5 .. 6. On the issue of clandestine removal of frit, based on the gas consumption of the main appellant, it is observed from Para 13.2 of the order-in-original dated 10-5-2011 that

THE ACIT, CIRCLE-4,, BARODA vs. M/S. WELSUIT GLASS & CERAMICS PVT. LTD., BARODA

In the result both the appeals filed by the assessee are allowed

196) E.L.T. 237] (iv) Southern Ispat Limited v. CCE - [2009 (248) E.L.T. 270] (v) SVM Cera Tea Limited v. CCE - [2013 (292) E.L.T. 580] 4 .. 5 .. 6. On the issue of clandestine removal of frit, based on the gas consumption of the main appellant, it is observed from Para 13.2 of the order-in-original dated 10-5-2011 that

THE ACIT, CIRCLE-4,, BARODA vs. M/S. WELSUIT GLASS & CERAMICS PVT. LTD., BARODA

In the result both the appeals filed by the assessee are allowed

196) E.L.T. 237] (iv) Southern Ispat Limited v. CCE - [2009 (248) E.L.T. 270] (v) SVM Cera Tea Limited v. CCE - [2013 (292) E.L.T. 580] 4 .. 5 .. 6. On the issue of clandestine removal of frit, based on the gas consumption of the main appellant, it is observed from Para 13.2 of the order-in-original dated 10-5-2011 that

MR. ARPANBHAI VIRAMBHAI DESAI,GANDHINAGAR vs. THE PR. CIT, AHMEDABAD-3, AHMEDABAD

In the result, all four appeals filed by the assessee are\nallowed in above terms

reassessment order valid.\n(v) The crucial link between the information made available to the Assessing Officer\nand the formation of the belief should be present. The reasons must be self evident, they\nmust speak for themselves.\n(vi) The tangible material which forms the basis for the belief that income has escaped\nassessment must be evident from a reading

SUZLON ENERGY LTD.,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), AHMEDABAD

In the result the Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

196 ITD 422 [Guw] held that the 35 I.T.A No. 198 & 199/Ahd/2023 & Ors. A.Ys. 2016-17 & 2017-18 Page No Suzlon Engergy Ltd. vs. DCIT Amendment to Section 14A by the Finance Act, 2022 is Retrospective in nature and thereby applicable for the present Asst. Year. 14.1. We need not labour ourself on this issue, since very recently

THE DY. COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), AHMEDABAD vs. SUZLON ENERGY LTD.,, AHMEDABAD

In the result the Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

196 ITD 422 [Guw] held that the 35 I.T.A No. 198 & 199/Ahd/2023 & Ors. A.Ys. 2016-17 & 2017-18 Page No Suzlon Engergy Ltd. vs. DCIT Amendment to Section 14A by the Finance Act, 2022 is Retrospective in nature and thereby applicable for the present Asst. Year. 14.1. We need not labour ourself on this issue, since very recently