THE DCIT CIRCLE-1(1)(1), AHMEDABAD vs. M/S. ADANI ENTERPRISE LTD, AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

68,00,471/- claimed on car, office equipment and UPS and added to the total income of the assessee. 34. Aggrieved assessee preferred an appeal before the learned CIT(A) who deleted the disallowances/addition made by the AO by following the order of his predecessor in the own case of the assessee for AY 2012-13. 35. Being aggrieved

DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. ADANI ENTERPRISES LTD., AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

68,00,471/- claimed on car, office equipment and UPS and added to the total income of the assessee. 34. Aggrieved assessee preferred an appeal before the learned CIT(A) who deleted the disallowances/addition made by the AO by following the order of his predecessor in the own case of the assessee for AY 2012-13. 35. Being aggrieved

DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. ADANI ENTERPRISES LTD., AHMEDABAD

In the result appeal of the Revenue is hereby partly allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

68,00,471/- claimed on car, office equipment and UPS and added to the total income of the assessee. 34. Aggrieved assessee preferred an appeal before the learned CIT(A) who deleted the disallowances/addition made by the AO by following the order of his predecessor in the own case of the assessee for AY 2012-13. 35. Being aggrieved

THE ACIT.(OSD), CIRCLE-1,, AHMEDABAD vs. KHURANA ENGINEERING LTD.,, AHMEDABAD

Bench: Shri Ramit Kochar & Ms. Madhumita Roya.Y. 2007-08

68[2011];] 69[69a[(vi) any undertaking carrying on the business of laying and operating a cross-country natural gas distribution network, including pipelines and storage facilities being an integral part of such network, which fulfils the following conditions, namely:— (a) it is owned by a company registered in India or by a consortium of such companies

KHURANA ENGINEERING LTD.,,AHMEDABAD vs. THE ACIT.(OSD),CIRCLE-1,, AHMEDABAD

Bench: Shri Ramit Kochar & Ms. Madhumita Roya.Y. 2007-08

68[2011];] 69[69a[(vi) any undertaking carrying on the business of laying and operating a cross-country natural gas distribution network, including pipelines and storage facilities being an integral part of such network, which fulfils the following conditions, namely:— (a) it is owned by a company registered in India or by a consortium of such companies

THE ACIT.(OSD), CIRCLE-1,, AHMEDABAD vs. KHURANA ENGINEERING LTD.,, AHMEDABAD

Bench: Shri Ramit Kochar & Ms. Madhumita Roya.Y. 2007-08

68[2011];] 69[69a[(vi) any undertaking carrying on the business of laying and operating a cross-country natural gas distribution network, including pipelines and storage facilities being an integral part of such network, which fulfils the following conditions, namely:— (a) it is owned by a company registered in India or by a consortium of such companies

THE DCIT, CIRCLE-1,, AHMEDABAD vs. AIA ENGINEERING LTD.,, AHMEDABAD

In the result, ITA Appeals 1766/Ahd/12, 2342/Ahd/15, 2343/Ahd/2015,

Section 92(1) provides that, "(a)ny income arising from an international transaction shall be computed having regard to the arm's length price". In order to attract the arm's length price adjustment, therefore, a transaction has to be an 'international transaction' first. The expression 'international transaction' is a defined expression. Section 92 B defines the expression

AIA ENGINEERING LTD.,,AHMEDABAD vs. THE DY.CIT.,CIRCLE-1,, AHMEDABAD

In the result, ITA Appeals 1766/Ahd/12, 2342/Ahd/15, 2343/Ahd/2015,

Section 92(1) provides that, "(a)ny income arising from an international transaction shall be computed having regard to the arm's length price". In order to attract the arm's length price adjustment, therefore, a transaction has to be an 'international transaction' first. The expression 'international transaction' is a defined expression. Section 92 B defines the expression

BHOGILAL ODHAVJI INDUSTRIAL ENTERPRISES PVT. LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-1(1),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt Madhumita Royआयकर अपील सं./I.T.A. No. 2889/Ahd/2017 ("नधा"रण वष" / Assessment Year : 2012-13) Bhogilal Odhavji Industrial Dcit, बनाम/ Enterprises Pvt. Ltd., Circle -1(1), Vs. Asarva Bethak, Asarva, Ahmedabad. Ahmedabad-380 016. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacv 6980 D .. (अपीलाथ"/Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/ Appellant By : Shri B. R. Popat, A.R. ""यथ" क" ओर से/Respondent By: Ms. Vasundhara Upmanya. Cit-D.R.

35D of the Act; and 2. Confirming the addition of Rs 22,59,10, 459/- made by the AO by treating the entire accounted cost of an immovable property as having been met out of unexplained sources and thereby treating the same as unexplained investment. While adjudicating this ground he ought to have inter alia appreciated the undisputed and admitted

THE JCIT(OSD), CIRCLE-2(1)(1),, AHMEDABAD vs. M/S. ELECTROTHERM (INDIA) LIMITED,, AHMEDABAD

In the result, the appeal preferred by the assessee is allowed and the appeal filed by the Revenue is partly allowed

Bench: Smt. Annapurna Gupta& Ms. Madhumita Roy

35D of the Act in the year under consideration amounting to Rs. 3,63,06,857/- relates to the expenses incurred in the earlier years which were admitted as deferred revenue expenses in the assessment framed under section 143(3) of the Act. Accordingly, the learned AR contended that the question of allowability of such expenses cannot arise

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

In the result, the appeal preferred by the assessee is allowed and the appeal filed by the Revenue is partly allowed

Bench: Smt. Annapurna Gupta& Ms. Madhumita Roy

35D of the Act in the year under consideration amounting to Rs. 3,63,06,857/- relates to the expenses incurred in the earlier years which were admitted as deferred revenue expenses in the assessment framed under section 143(3) of the Act. Accordingly, the learned AR contended that the question of allowability of such expenses cannot arise

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68. The next issue raised by the assessee in ground number 3 is that learned CIT (A) erred in confirming the disallowance of power project expenses of Rs. 33,74,078/- only. 69. The assessee in the year under consideration has claimed an expense of ₹ 56,44,827/- in connection with its power project namely ‘Ghogha Power Project

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68. The next issue raised by the assessee in ground number 3 is that learned CIT (A) erred in confirming the disallowance of power project expenses of Rs. 33,74,078/- only. 69. The assessee in the year under consideration has claimed an expense of ₹ 56,44,827/- in connection with its power project namely ‘Ghogha Power Project

THE ACIT, CIRCLE-5,, AHMEDABAD vs. NIRMA CHEMICALS WORKS PVT.LTD., AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68. The next issue raised by the assessee in ground number 3 is that learned CIT (A) erred in confirming the disallowance of power project expenses of Rs. 33,74,078/- only. 69. The assessee in the year under consideration has claimed an expense of ₹ 56,44,827/- in connection with its power project namely ‘Ghogha Power Project

NIRMA CHEMICALS WORKS PVT.LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68. The next issue raised by the assessee in ground number 3 is that learned CIT (A) erred in confirming the disallowance of power project expenses of Rs. 33,74,078/- only. 69. The assessee in the year under consideration has claimed an expense of ₹ 56,44,827/- in connection with its power project namely ‘Ghogha Power Project

NIRMA CHEMICAL WORKS PVT.LTD.,,AHMEDABAD vs. THE ACIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68. The next issue raised by the assessee in ground number 3 is that learned CIT (A) erred in confirming the disallowance of power project expenses of Rs. 33,74,078/- only. 69. The assessee in the year under consideration has claimed an expense of ₹ 56,44,827/- in connection with its power project namely ‘Ghogha Power Project

NIRMA CHEMICALS WORKS PVT.LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-5,, AHMEDABAD

In the result appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68. The next issue raised by the assessee in ground number 3 is that learned CIT (A) erred in confirming the disallowance of power project expenses of Rs. 33,74,078/- only. 69. The assessee in the year under consideration has claimed an expense of ₹ 56,44,827/- in connection with its power project namely ‘Ghogha Power Project

DCIT, CIRCLE-1(1)(1), AHMEDABAD vs. ADANI PETRONET (DAHEJ) PORT PVT. LTD, AHMEDABAD

In the result, the appeal of the Revenue for AY 2014-15 and CO of the assessee for AY 2013-14 are treated as partly allowed

Bench: Shri P.M. Jagtap, Vice- & Shri Siddhartha Nautiyalassessment Year : 2012-13 Adani Petronet (Dahej) Port The Dy. Commissioner Of Pvt. Ltd., Vs Income-Tax, 9Th Floor, Shikhar Building, Circle 1(1)(1), Nr. Mithakali Circle, Ahmedabad Navrangpura, Ahmedabad-380009 Pan: Aaeca 5046 R Assessment Year : 2012-13 The Dy. Commissioner Of Adani Petronet (Dahej) Port Income-Tax, Vs Pvt. Ltd., Circle 1(1)(1), Ahmedabad-380009 Ahmedabad Pan: Aaeca 5046 R

68 taxmann.com 233) dated 18/03/2016 (iii Decision of Hon'ble Bangalore ITAT in case of Quality Engineering & Software Technologies (P.) Ltd. vs DCIT (52 taxmann.com 515) dated 14/11/201 4 (iv) Decision of Hon'ble Mumbai ITAT in case of Reliance Industries Limited vs CIT (40 taxmann.com 431) dated 20/1 1/2013 Considering the facts discussed herein above and relying upon