THE ACIT, CIRCLE-1(1)(1), VADODARA vs. GUJARAT FLUOROCHEMICALS LTD., VADODARA

In the result, the appeal filed by the Revenue is hereby dismissed

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

reassessment order passed under section 147 r.w.s. 143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year 2010-11. I.T.A No. 169/Ahd/2023 A.Y. 2010-11 Page No 2 ACIT Vs. Gujarat Fluorochemicals Ltd. 2. Brief facts of the case is that the assessee is a company engaged in manufacturing of Chemicals

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

reassess the income of the other person in\naccordance with the provisions of section 153A, if, that Assessing Officer is\nsatisfied that the books of account or documents or assets seized or\nrequisitioned have a bearing on the determination of the total income of such\n52. A bare reading of the above reveals that jurisdiction u/s 153C

GUJARAT INDUSTRIES POWER CO. LTD.,,BARODA vs. THE DY.CIT.,CIRCLE-1(1),, BARODA

In the result, the captioned appeals are :

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

reassessment order was passed on 23.01.2014 making the following Disallowances: (i) Replacement of parts of machines treated as capital expenditure; (ii) claim of deduction u/s.80IA of the IT Act. (iii) Disallowance under s.14A (iv) In computation of Book Profit u/s. 115JB (v) claim of deduction under 43B (for A.Y. 2009-10 & 2010-11) & (vi) depreciation on Managing Director’s residence

THE DCIT, CIRCLE-1(1),, VADODARA vs. M/S. GUJARAT INDUSTRIES POWER CO.LTD.,, VADODARA

In the result, the captioned appeals are :

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

reassessment order was passed on 23.01.2014 making the following Disallowances: (i) Replacement of parts of machines treated as capital expenditure; (ii) claim of deduction u/s.80IA of the IT Act. (iii) Disallowance under s.14A (iv) In computation of Book Profit u/s. 115JB (v) claim of deduction under 43B (for A.Y. 2009-10 & 2010-11) & (vi) depreciation on Managing Director’s residence

THE DY. CIT., CIRCLE-1(1)(1),, VADODARA vs. M/S. GUJARAT INDUSTRIES POWER CO. LTD.,, VADODARA

In the result, the captioned appeals are :

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

reassessment order was passed on 23.01.2014 making the following Disallowances: (i) Replacement of parts of machines treated as capital expenditure; (ii) claim of deduction u/s.80IA of the IT Act. (iii) Disallowance under s.14A (iv) In computation of Book Profit u/s. 115JB (v) claim of deduction under 43B (for A.Y. 2009-10 & 2010-11) & (vi) depreciation on Managing Director’s residence

SUN PHARMACEUTICALS INDUSTRIES LTD. ( ERSTWHILE RANBAXY LABORATORIES LIMITED),BARODA vs. THE ACIT,CENT.CIRCLE-1, BARODA

section SO-IB of the Income Tax Act, 1961 ("the Act") reproduced as under: Quote (1) Where the gross total income of an assessee includes any profits and gains derived from any business referred to in sub-sections (3) to 131(11], (I1A) and (11B)14] (such business being hereinafter referred to as the eligible business), there shall, in accordance

DHOLU CONSTRUCTION & PROJECTS LTD.,,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Mahavir Prasad & Shri Amarjit Singh)

Section 147 of the Act. Ld. CIT(A) ought to have quashed order being invalid bad in law. 2. Facts of the case are in this matter, proceedings were re-opened u/s. 147 of the Act and notice u/s. 148 of the Act was issued on 02.06.2014 which was served upon the assessee. However, assessee did not file return