THE DCIT, CENTRAL CIRCLE-1(1),, AHMEDABAD vs. M/S. VENUS INFRASTRUCTURE & DEVELOPERS PVT. LTD.,, AHMEDABAD

In the result, the appeal of the Revenue is hereby dismissed

Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकरअपीलसं./Ita Nos. 37 & 38/Ahd/2021 धििाधरणणवध/Asstt. Years: 2008-09 & 2017-18 D.C.I.T, M/S Venus Infrastructure & Central Circle-1(1), Vs. Developers Pvt. Ltd., Ahmedabad 1101 Venus Amadeus, Jodhpur Cross Road, Ahmedabad-380015. Pan: Aahcs6254J (Applicant) (Respondent) Revenue By : Shri Akhilendra Pratap Yadaw Assessee By : Shri Tushar Hemani, Sr. Advocate With Shri Parimalsinh B. Parmar & Shri Vijay Govani A.Rs सुिणाईकीतारीख/Date Of Hearing : 08/02/2024 घोवणाकीतारीख/Date Of Pronouncement: 14/02/2024 आदेश/O R D E R Per Waseem Ahmed: The Captioned Two Appeal Have Been Filed At The Instance Of The Revenue Against The Order Of The Learned Commissioner Of Income Tax (Appeals)-11, Ahmedabad, Of Even Dated 20/01/2021 Arising In The Matter Of Assessment Order Passed Under S. 147 R.W.S. 143(3) & 143(3) Of The Income Tax Act 1961 (Here- In-After Referred To As "The Act") Relevant To The Assessment Years 2008-09 & 2017-18. First, We Take Up Ita No. 38/Ahd/2021, An Appeal By The Revenue For Ay 2017-18

D E R PER WASEEM AHMED, ACCOUNTANT MEMBER: The captioned two appeal have been filed at the instance of the Revenue against the order of the Learned Commissioner of Income Tax (Appeals)-11, Ahmedabad, of even dated 20/01/2021 arising in the matter of assessment order passed under s. 147 r.w.s. 143(3) and 143(3) of the Income

THE ACIT,(OSD)CIRCLE-8,, AHMEDABAD vs. TORRENT POWER LTD.,, AHMEDABAD

In the result, the appeal of the Revenue and the Cross-objection of the assessee, both are dismissed

Bench: Shri Sandeep Gosain & Shri Amarjit Singh

reassessment order. It is submitted that as per explanation 1 (f) of section 115JB only such expenditure, which are specifically relatable to the income to which section 10 applies are to be added back in the computation of section 115JB and no adjustme.nl of notional disallowance as per section 14A is permissible. It is submitted that the disallowance it/s. 14Ais

BARODA CRICKET ASSOCIATION,,VADODARA vs. THE DY. CIT, (EXEMPTION), CIRCLE-2,, AHMEDABAD

In the result, appeal filed by the Assessee is allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed)

22 . A.Y. 2013-14 7. The ld. CIT(A) erred in upholding view of ld. AO of not allowing exemption u/s.11(1)(a) of the Income Tax Act, 1961 on provision of section 2(15) of the Income Tax Act, 1961. 8. The ld. CIT(A) erred in upholding view of ld. AO of taxing the income of appellant from

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. SHRI JIGAR JASHWANTLAL SHAH, AHMEDABAD

Appeal is dismissed

reassessment proceedings initiated by AO without jurisdiction in absence of 'reasons to believe' and escapement of any income that deserves to be quashed. 2 Ld. CIT (A) erred in law and on facts confirming addition in respect of additional 82,200 shares allotted to appellant due to renouncement of rights by wife & father in favour of the appellant held

SHRI JIGAR JASHWANTLAL SHAH,AHMEDABAD vs. THE ACIT, CIRCLE-2(1)(1),, AHMEDABAD

Appeal is dismissed

reassessment proceedings initiated by AO without jurisdiction in absence of 'reasons to believe' and escapement of any income that deserves to be quashed. 2 Ld. CIT (A) erred in law and on facts confirming addition in respect of additional 82,200 shares allotted to appellant due to renouncement of rights by wife & father in favour of the appellant held

SHRI TYRONE PATRICK LEMOS,VADODARA vs. THE ITO, WARD-2(1)(2), VADODARA

In the result, appeal of the assessee is allowed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadआयकर अपील सं./I.T.A. No. 2414/Ahd/2018 ("नधा"रण वष" / Assessment Year : 2013-14)

D E R PER PRADIP KUMAR KEDIA - AM: The captioned appeal has been filed at the instance of the Assessee against the order of the Commissioner of Income Tax (Appeals)-2, Vadodara (‘CIT(A)’ in short), dated 27.09.2018 arising in the assessment order dated 06.12.2016 passed by the Assessing Officer (AO) under s. 143(3) r.w.s. 147 of the Income

SHRI RAOOF R DHANANI,,MUMBAI vs. ASSTT. COMMISSIONER OF INCOME TAX,CIRCLE-1(2),, BARODA

In the result, appeal of the assessee is allowed on jurisdiction

D.R. Date of hearing : 26-07-2022 Date of pronouncement : 19-10-2022 आदेश/ORDER PER : SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER:- This is an appeal filed by the assessee against the order of the ld. Commissioner of Income Tax (Appeals)-1, Vadodara in Appeal no. CAB- 1/70/2014-15 vide order dated 07/09/2015 passed for the assessment year 2011-12. I.T.A

DISHMAN PHARMACEUTICALS & CHEMICALS LIMITED,,AHMEDABAD vs. THE ACIT, (OSD),RANGE-1,, AHMEDABAD

In the result, we allow appeal of the assessee and delete penalty confirmed by the ld

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

D Expenses : Rs.94,830/- b) Library A/c. : Rs.17,11,144/- c) Life Membership to clubs : Rs.40,000/- 14. The ld.counsel for the assessee submitted that as far as disallowance is concerned, Rs.15.00 lakhs is on a higher side. The assessee has written off this expenditure. He further contended if the claim with regard to library books is not being given

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. DISHMAN PHARMACEUTICALS & CHEMICALS LTD.,, AHMEDABAD

In the result, we allow appeal of the assessee and delete penalty confirmed by the ld

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

D Expenses : Rs.94,830/- b) Library A/c. : Rs.17,11,144/- c) Life Membership to clubs : Rs.40,000/- 14. The ld.counsel for the assessee submitted that as far as disallowance is concerned, Rs.15.00 lakhs is on a higher side. The assessee has written off this expenditure. He further contended if the claim with regard to library books is not being given

DISHMAN PHARMACEUTICALS & CHEMICALS LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)RANGE-1,, AHMEDABAD

In the result, we allow appeal of the assessee and delete penalty confirmed by the ld

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

D Expenses : Rs.94,830/- b) Library A/c. : Rs.17,11,144/- c) Life Membership to clubs : Rs.40,000/- 14. The ld.counsel for the assessee submitted that as far as disallowance is concerned, Rs.15.00 lakhs is on a higher side. The assessee has written off this expenditure. He further contended if the claim with regard to library books is not being given

THE ACIT,(OSD)RANGE-1,, AHMEDABAD vs. M/S. DISHMAN PHARMACEUTICALS & CHEMICALS LTD.,, AHMEDABAD

In the result, we allow appeal of the assessee and delete penalty confirmed by the ld

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

D Expenses : Rs.94,830/- b) Library A/c. : Rs.17,11,144/- c) Life Membership to clubs : Rs.40,000/- 14. The ld.counsel for the assessee submitted that as far as disallowance is concerned, Rs.15.00 lakhs is on a higher side. The assessee has written off this expenditure. He further contended if the claim with regard to library books is not being given

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. DISHMAN PHARMACEUTICALS & CHEMICALS LTD.,, AHMEDABAD

In the result, we allow appeal of the assessee and delete penalty confirmed by the ld

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

D Expenses : Rs.94,830/- b) Library A/c. : Rs.17,11,144/- c) Life Membership to clubs : Rs.40,000/- 14. The ld.counsel for the assessee submitted that as far as disallowance is concerned, Rs.15.00 lakhs is on a higher side. The assessee has written off this expenditure. He further contended if the claim with regard to library books is not being given

HIRENKUMAR LAVJIBHAI KANANI,AHMEDABAD vs. PCIT, AHMEDABAD, AHMEDABAD

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

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

D E R PER MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER: This appeal by the assessee is directed against the order of the Principal Commissioner of Income Tax, Ahmedabad – 3 (hereinafter referred to as “PCIT”), passed under section 263 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") dated 23.01.2024. Facts of the case 2. The assessee filed

ABDULVAHED A. SHEIKH, LEGAL HEIROF LATE SMT. SARIFABEN BIKHUBHAI SHEK,,AHMEDABAD vs. THE ITO, WARD-7(2)(5),, AHMEDABAD

The appeal of the assessee is allowed in above terms

d) The Notice under Section 142(1) dated 06-09-2016 is served with affixture as per Inspector's Report [Para No.2 of the assessment order] and that in the assessment order it is not mentioned that the notice under Section 142(1) is affixed where and on what place and on what date and that it is not known

THE DY..DIRECTOR OF INCOME TAX(EXEMPTION),, AHMEDABAD vs. GUJARAT CRICKET ASSOCIATION, AHMEDABAD

In the result, the appeal of the Assessing Officer for the assessment year 2007-

Bench: Us. It Is, Accordingly, Dismissed For Want Of Prosecution.

22. In ground nos. (i) to (iv), which we will take up together, the Assessing Officer has raised the following grievances: i) The Ld. Commissioner of Income-Tax (Appeals) has erred in law and on facts in deleting the addition of depreciation of Rs. 2,10,10,680/- made by the AO. ii) The Ld. Commissioner of Income-Tax (Appeals

THE DY..DIRECTOR OF INCOME TAX(EXEMPTION),, AHMEDABAD vs. GUJARAT CRICKET ASSOCIATION, AHMEDABAD

In the result, the appeal of the Assessing Officer for the assessment year 2007-

Bench: Us. It Is, Accordingly, Dismissed For Want Of Prosecution.

22. In ground nos. (i) to (iv), which we will take up together, the Assessing Officer has raised the following grievances: i) The Ld. Commissioner of Income-Tax (Appeals) has erred in law and on facts in deleting the addition of depreciation of Rs. 2,10,10,680/- made by the AO. ii) The Ld. Commissioner of Income-Tax (Appeals

THE DY..DIRECTOR OF INCOME TAX(EXEMPTION),, AHMEDABAD vs. GUJARAT CRICKET ASSOCIATION, AHMEDABAD

In the result, the appeal of the Assessing Officer for the assessment year 2007-

Bench: Us. It Is, Accordingly, Dismissed For Want Of Prosecution.

22. In ground nos. (i) to (iv), which we will take up together, the Assessing Officer has raised the following grievances: i) The Ld. Commissioner of Income-Tax (Appeals) has erred in law and on facts in deleting the addition of depreciation of Rs. 2,10,10,680/- made by the AO. ii) The Ld. Commissioner of Income-Tax (Appeals

GUJARAT CRICKET ASSOCIATION,AHMEDABAD vs. THE ASSTT.DIRECTOR OF INCOME TAX(EXEMPTION),, AHMEDABAD

In the result, the appeal of the Assessing Officer for the assessment year 2007-

Bench: Us. It Is, Accordingly, Dismissed For Want Of Prosecution.

22. In ground nos. (i) to (iv), which we will take up together, the Assessing Officer has raised the following grievances: i) The Ld. Commissioner of Income-Tax (Appeals) has erred in law and on facts in deleting the addition of depreciation of Rs. 2,10,10,680/- made by the AO. ii) The Ld. Commissioner of Income-Tax (Appeals