GOLD FINCH JEWELLERY LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

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

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

239 ITR 775 wherein it was held as under: "13. An overall view of the abovesaid authorities show that the very concept of depreciation suggests that the tax benefit on account of depreciation legitimately belongs to one who has invested in the capital asset, is utilizing the capital asset and thereby loosing gradually investment caused by wear and tear

GOLD FINCH JEWELLERY LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

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

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

239 ITR 775 wherein it was held as under: "13. An overall view of the abovesaid authorities show that the very concept of depreciation suggests that the tax benefit on account of depreciation legitimately belongs to one who has invested in the capital asset, is utilizing the capital asset and thereby loosing gradually investment caused by wear and tear

INCOME TAX OFFICER, WARD-1(2)(1), AHMEDABAD, AHMEDABAD vs. CHHAGANLAL DALAJI SONI, AHMEDABAD

In the result, the appeal of the Department is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

239/- which was nearly only 2%. Further, there were irregular cash deposits which were recorded in fractions in books of accounts while the cheque payments were rounded off to the nearest numbers. This indicated adjustment by the assessee. Also, significant cash sales were made by the assessee before GST was implemented to escape the same while the cash sales were

SHREE VEER BUILDBEST PRIVATE LIMITED,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-8(3) NOW WARD-4(1)(1), AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.892/Ahd/2023 "नधा"रण वष" /Assessment Year : 2011-12 Shree Veer Buildbest Pvt.Ltd. The Ito बनाम/ 302, Swapneel – 5 Ward-4(1)(1) Commerce Six Road Ahmedabad- 380 015 V/S. Navrangpura Ahmedabad – 380 009 "थायी लेखा सं./Pan: Aakcs 8358 Q अपीलाथ"/ (Appellant) ….. "" यथ"/ (Respondent) Assessee By : Shri Aseem L. Thakkar, Ar Revenue By : Shri Ashok Kumar Suthar, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 15/07/2024 घोषणा क" तार"ख /Date Of Pronouncement: 23/07/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am: This Appeal Is Filed By The Assessee As Against The Order Dated 21/09/2023 Passed By The Commissioner Of Income-Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As “ The Ld.Cit(A)” In Short], Arising Out Of The Assessment Order Dated 28/03/2014 Passed By The Assessing Officer (Ao) Under Section 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As "The Act") Relevant To The Assessment Year (Ay) 2011-12. Shree Veer Buildbest Pvt.Ltd. Vs. Ito Asst. Year : 2011-12

section 68 of the Act. In response to the said notice, the assessee filed detailed reply. However, the AO concluded that the identity remained in doubt and added Rs.75,00,000/- to the total income of the assessee u/s 68 of the Act. 3. Aggrieved by the order of the AO, the assessee filed an appeal before ld.CIT

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. DY. COMMISSIONER OF INCOME TAX,(OSD),, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT. LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD) RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

68,621/-. Thus, the Ld. D.R. relied upon the assessment order in the order of the CIT(A). ITA No. 1785/Ahd/2012 & 08 others Corrtech International Pvt. Ltd. vs. ACIT(OSD) Asst.Years–2009-10, 2010-11, 2008-09, 2014-15 & 2015-16 9. We have heard both the parties and perused all the relevant material available on record. The assessee company

NIRAV RAMESHBHAI SHAH,AHMEDABAD vs. THE ITO, WARD-5(1)(4), AHMEDABAD

The appeal of the assessee is allowed for statistical purposes

68. Even while computing the assessment to the best of his judgment, under section 144, it is the duty of the Assessing Officer to make an addition on the basis of the available material and circumstances of each case. Judgment is a faculty to decide the matters with wisdom, truly and legally and it should not depend

MEGHAL RAJESHKUMAR THAKOR,AHMEDABAD vs. THE ITO, WARD-6(1)(1), AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Ms. Suchitra Kambleassessment Year 2018-19

239/- which is illegal and bad in law hence the same should be cancelled. 2. The Learned Commissioner of Income Tax (Appeals), has erred in confirming the action of the Assessing Officer in passing an order u/s. 270A of the I.T. Act, 1961 levying penalty without considering the fact that the appellant has filed Form 68 and paid I.T.A

CADILA PHARMACEUTICALS LTD. ,AHMEDABAD vs. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD

In the result, appeals of the Revenue are dismissed and that of the assessee are allowed for statistical purposes

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

239 ITR 795, he deleted the disallowance of interest made by the AO in entirety. 64. The ld.DR was unable to controvert any of the factual finding of the ld.CIT(A). 65. In view of the above, we see no reason to interfere in the order of the ld.CIT(A) deleting the disallowance of interest under section

CADILA PHARMACEUTICALS LTD. ,AHMEDABAD vs. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD

In the result, appeals of the Revenue are dismissed and that of the assessee are allowed for statistical purposes

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

239 ITR 795, he deleted the disallowance of interest made by the AO in entirety. 64. The ld.DR was unable to controvert any of the factual finding of the ld.CIT(A). 65. In view of the above, we see no reason to interfere in the order of the ld.CIT(A) deleting the disallowance of interest under section

THE DY.COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. CADILA PHARMACEUTICALS LTD. , AHMEDABAD

In the result, appeals of the Revenue are dismissed and that of the assessee are allowed for statistical purposes

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyal

239 ITR 795, he deleted the disallowance of interest made by the AO in entirety. 64. The ld.DR was unable to controvert any of the factual finding of the ld.CIT(A). 65. In view of the above, we see no reason to interfere in the order of the ld.CIT(A) deleting the disallowance of interest under section