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

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

68,456 2008-09 Stage - 1 Nozzle -Fr-6 Gas Turbine 3,07,10,000 Stage - 2 Bucket for GT FR – 6 2,30,21,000 14.1. The second fold of argument of the Ld. Counsel for the assessee is that the spares consumed during the year under the consideration does not give enduring benefit to the assessee

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

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

68,456 2008-09 Stage - 1 Nozzle -Fr-6 Gas Turbine 3,07,10,000 Stage - 2 Bucket for GT FR – 6 2,30,21,000 14.1. The second fold of argument of the Ld. Counsel for the assessee is that the spares consumed during the year under the consideration does not give enduring benefit to the assessee

THE DCIT, CIRCLE-1(1)(1),, VADODARA vs. M/S. GUJARAT ALKALIES & CHEMICALS LTD.,, VADODARA

In the result the appeal filed by the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

68,750 8.4663 547.66 219.29 Vadodara Plant (Wheeled from Dahej CPP) (3) Sale of GUVNL 44,52,013 4.7355 210.82 150.92 (4) Other – from sale of - - 2445.49 2445.49 Utilities Total 60,29,24,524 - 37825.27 22884.63 On taking the rate at Rs.3.39 per unit the sale value comes to Rs.22884.63 lakhs whereas the expenditure of the assessee is at Rs.35773.53

GUJARAT ALKALIES AND CHEMICALS LTD.,,BARODA vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, BARODA

In the result the appeal filed by the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

68,750 8.4663 547.66 219.29 Vadodara Plant (Wheeled from Dahej CPP) (3) Sale of GUVNL 44,52,013 4.7355 210.82 150.92 (4) Other – from sale of - - 2445.49 2445.49 Utilities Total 60,29,24,524 - 37825.27 22884.63 On taking the rate at Rs.3.39 per unit the sale value comes to Rs.22884.63 lakhs whereas the expenditure of the assessee is at Rs.35773.53

SABARMATI GAS LIMITED,,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, GANDHINAGAR CIRCLE,, GANDHINAGAR

Appeal of the Revenue is partly allowed for statistical purposes

section. 2. The P&L a/c— (a) shall be so made out as clearly to disclose the result of the working of the company during the period covered by the account; and (b) shall disclose every material feature, including credits or receipts and debits or expenses in respect of non-recurring transactions or transactions of an exceptional nature

THE JOINT COMMISSIONER OF INCOME TAX(OSD),, GANDHINAGAR vs. SABARMATI GAS LIMITED,, GANDHINAGAR

Appeal of the Revenue is partly allowed for statistical purposes

section. 2. The P&L a/c— (a) shall be so made out as clearly to disclose the result of the working of the company during the period covered by the account; and (b) shall disclose every material feature, including credits or receipts and debits or expenses in respect of non-recurring transactions or transactions of an exceptional nature

GUJARAT FLUROCHEMICALS LIMITED.,,VADODARA vs. THE ACIT, CIRCLE-1(1)(1),, VADODARA

In the result, both appeals of the assessee are partly allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singhआयकर अपील सं./ Ita No.805/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2012-2013 & Asst.Year : 2013-2014

115J." The Court declines to frame a question on the above issue." 21. Apart from the above, we have a binding precedent before us - One from Hon’ble jurisdictional High Court and other from the Hon’ble Bombay High court. The question considered by the Hon’ble Gujarat High Court in the case of Alembic Ltd. (supra) is as under

GUJARAT FLUOROCHEMICALS LIMITED,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA

In the result, both appeals of the assessee are partly allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singhआयकर अपील सं./ Ita No.805/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2012-2013 & Asst.Year : 2013-2014

115J." The Court declines to frame a question on the above issue." 21. Apart from the above, we have a binding precedent before us - One from Hon’ble jurisdictional High Court and other from the Hon’ble Bombay High court. The question considered by the Hon’ble Gujarat High Court in the case of Alembic Ltd. (supra) is as under

TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. ACIT, CIRCLE-4(1)(2),, AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

section 80-IE of the Act in Sikkim Unit on other incomes. 60. The AO during the assessment proceedings found that the assessee has claimed deduction of profit derived from Sikkim Unit under section 80-IE of the Act. As per the AO, there were certain incomes considered by the assessee eligible for deduction under section