VISHAL BALVANTRAI AGARWAL,AHMEDABAD vs. THE PR. COMMISSIONER OF INCOME TAX, AHMEDABAD -1, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.226/Ahd/2023 िनधा"रण वष" /Assessment Year : 2018-19 Vishal Balvantrai Agarwal The Pr.Cit बनाम/ 249 New Cloth Market Ahmedabad-1 V/S. O/S. Raipur Gate Ahmedabad – 380 002 (Gujarat) "थायी लेखा सं./Pan: Adbpa 4462 G (अपीलाथ%/ Appellant) (&' यथ%/ Respondent) Assessee By : Shri Divyakant Parikh, Ar Revenue By : Shri Prathvi Raj Meena, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 18/09/2024 घोषणा की तारीख /Date Of Pronouncement: 25/09/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am:

3A) & 143(3B) of the Act, with direction to make fresh assessment, which was neither erroneous nor prejudicial to the interest of revenue. The conditions of section 263 having not been satisfied the learned CIT has no jurisdiction to invoke provisions of section 263. It be so held now and the order passed by CIT under section

PHARMANZA HERBAL PRIVATE LIMITED,DHARMAJ vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, VADODARA-1, VAODARA

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

3A) and 143(3B) of the Income-tax Act, 1961 (Act), on 16.04.2021, accepting the returned income. 4. Upon examination of the assessment records, the Principal Commissioner of Income Tax (Pr. CIT) found that the assessee had claimed a deduction under section 35(2AB) of ₹1,80,11,055/-, being 150% of the R&D expenditure

UNION BANK CO.OP. CREDIT SOCIETY LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, both the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita Nos.1228 & 1229/Ahd/2024 िनधा"रण वष" /Assessment Years: 2018-19 & 2020-21 Respectively Union Bank Co-Op. Credit The Dy.Cit बनाम/ Society Ltd. Circle-1(1)(1) V/S. 1, Dhalaxmi Market Ahmedabad Revadi Bazar Kalupur Ahmedabad – 380 001 (Gujarat) "थायी लेखा सं./Pan:Aaau 0802 F (अपीलाथ$/ Appellant) (%& यथ$/ Respondent) Assessee By : Shri Anil Kshatriya, Advocate Revenue By : Smt. Bhavna Gupta Singh, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 24/09/2024 घोषणा की तारीख /Date Of Pronouncement: 08/10/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

Section under which Order Passed 143(3) r.w.s. 143(3) r.w.s. 143(3A) & 144B 143(3B) Date of Assessment Order 30/03/2021 20/09/2022 Returned Income (Original) Rs. 4,55,640/- Rs. 3,95,830/- ITA Nos.1228 & 1229/Ahd/2024 Union Bank Co-op. Credit Society Ltd. vs. The Dy.CIT Asst. Years : 2018-19 & 2020-21 respectively Date of Filing of Revised Return

UNION BANK CO. OP. CREDIT SOCIETY LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, both the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita Nos.1228 & 1229/Ahd/2024 िनधा"रण वष" /Assessment Years: 2018-19 & 2020-21 Respectively Union Bank Co-Op. Credit The Dy.Cit बनाम/ Society Ltd. Circle-1(1)(1) V/S. 1, Dhalaxmi Market Ahmedabad Revadi Bazar Kalupur Ahmedabad – 380 001 (Gujarat) "थायी लेखा सं./Pan:Aaau 0802 F (अपीलाथ$/ Appellant) (%& यथ$/ Respondent) Assessee By : Shri Anil Kshatriya, Advocate Revenue By : Smt. Bhavna Gupta Singh, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 24/09/2024 घोषणा की तारीख /Date Of Pronouncement: 08/10/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

Section under which Order Passed 143(3) r.w.s. 143(3) r.w.s. 143(3A) & 144B 143(3B) Date of Assessment Order 30/03/2021 20/09/2022 Returned Income (Original) Rs. 4,55,640/- Rs. 3,95,830/- ITA Nos.1228 & 1229/Ahd/2024 Union Bank Co-op. Credit Society Ltd. vs. The Dy.CIT Asst. Years : 2018-19 & 2020-21 respectively Date of Filing of Revised Return

ZYDUS LIFESCIENCES LTD.,AHMEDABAD vs. THE DY.CIT, CENTRAL CIRCLE-2(1), AHMEDABAD

In the result, appeal filed by the assessee is partly allowed for statistical purposes

Bench: SMT. ANNAPURNA GUPTA (Accountant Member), Ms. SUCHITRA KAMBLE (Judicial Member)

3A) read with Section 153(4) of the Act, thereby making the TP Order barred by limitation and invalid in law. 2. That the learned AO/TPO/Dispute Resolution Panel (DRP") has erred in law and on facts in making an addition of Rs 8,54,24,075/ on account of Corporate Guarantee Charges 3. That the learned AO/TPO/DRP has erred

SUREEL ENTERPRISE PRIVATE LIMITED,CHHATRAL vs. ACIT, CIRCLE, GANDHINAGAR

In the result, the appeals of the assessee are allowed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamble

68,464/-. The assessment was completed under Section 143(3) r.w.s. 143(3A) and 143(3B) of the Act, determining

SUREEL ENTERPRISE PRIVATE LIMITED,CHHATRAL vs. ACIT CIRCLE, GANDHINAGAR, GANDHINAGAR

In the result, the appeals of the assessee are allowed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamble

68,464/-. The assessment was completed under Section 143(3) r.w.s. 143(3A) and 143(3B) of the Act, determining

THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD vs. SANKALP RECREATION PVT. LTD., AHMEDABAD

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokar

68,69/Ahd/2022 & ITA 576/Ahd/2022 िनधा"रण वष" /Assessment Years : 2013-14, 2014-15, 2015-16, 2016-17, 2017-18, 2018-19 & 2019-20 respectively Sankalp Recreation Pvt.Ltd. The ACIT बनाम/ 1705, Sankalp Square 3A Central Circle-1(2) v/s. Nr.Taj Hotel, Skyline Ahmedabad Sindhu Bhavan Road Shilaj, Ahmedabad – 380 059 PAN: AAGCS 6661 J (अपीलाथ$/ Appellant) (&' यथ$/ Respondent) AND आयकर

SANKALP RECREATION PRIVATE LIMITED,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokar

68,69/Ahd/2022 & ITA 576/Ahd/2022 िनधा"रण वष" /Assessment Years : 2013-14, 2014-15, 2015-16, 2016-17, 2017-18, 2018-19 & 2019-20 respectively Sankalp Recreation Pvt.Ltd. The ACIT बनाम/ 1705, Sankalp Square 3A Central Circle-1(2) v/s. Nr.Taj Hotel, Skyline Ahmedabad Sindhu Bhavan Road Shilaj, Ahmedabad – 380 059 PAN: AAGCS 6661 J (अपीलाथ$/ Appellant) (&' यथ$/ Respondent) AND आयकर

TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX (OSD) CIRCLE-8,, AHMEDABAD

In the result appeal of the Revenue is partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita.No.1285 & 1286/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2009-10 & 2010-11 & Ita No.1396 & 1397/Ahd/2018 Asstt.Year 2011-12 & 2012-13 Torrent Pharmaceuticals Ltd. Acit, Circle-4(1)(2) Torrent House Ahmedabad. Vs. Off.Ashram Road Ahmedabad 380 009. आयकर अपील सं./Ita.No.1327 & 1328/Ahd/2017 िनधा"रण वष"/ Asstt. Year: 2009-10 & 2010-11 & आयकर अपील सं./Ita.No.1414 & 1415/Ahd/2018 िनधा"रण वष"/ Asstt. Year: 2011-12 & 2012-13 Acit, Circle-4(1)(2) Torrent Pharmaceuticals Ltd. Ahmedabad. Torrent House Vs. Off.Ashram Road Ahmedabad 380 009. (Applicant) (Responent) Assessee By : Shri Vartik Choksi, With Shri Biren Shah, Ars. Revenue By : Shri Mohd. Usman, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 23/11/2021 घोषणा क" तारीख /Date Of Pronouncement: 22/02/2022 आदेश/O R D E R Per Bench

section (5) of Section 80-IA. In this case, the question that arose for consideration ITA.Nos.1285/Ahd/2017 & 7 others A.Y.2009-10 38 before this Court related to computation of the profits for the purpose of deduction under section 80-E, as it then existed, after setting off the loss incurred by the assessee in the manufacture of alloy

BALARAM CONSTRUCTION LIMITED,BANASKANTHA vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

In the result, appeal filed by the assessee is dismissed as non- maintainable

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyalassessment Year : 2018-19 Balaram Construction Ltd. The Pcit 309, 3Rd Floor, Shital-9 Vs Ahmedabad-1 Opp. Bihari Bagh, Palanpur Ahmedabad – 380 015 Banaskantha – 385 001 (Gujarat) (Gujarat) Pan: Aaacb 6264 C

3A) and 143(3B) of the Act as erroneous and prejudicial to the interest of revenue. 2. He has erred in law and facts in invoking provision of section 263 against the scrutiny order passed by the A.O. after examining in detail the issue of receipt of Rs.3.70 Crore not shown as income

THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD vs. SHRI KAILASH RAMAVATAR GOENKA, AHMEDABAD

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokar

3A Near Taj Hotel Skyline Sindhu Bhavan Road Shilaj Ahmedabad–380 59 PAN: AAUPG 4618E (Revenue) (Assessee) 2. 2/Ahd/2023 2017-18 Assessee Revenue 3. 3/Ahd/2023 2018-19 Assessee Revenue 4. 5/Ahd/2023 2016-17 Revenue Assessee 5. 06/Ahd/2023 2017-18 Revenue Assessee 6. 07/Ahd/2023 2018-19 Revenue Assessee 7. ITA Nos: 2019-20 Assessee Revenue 19/Ahd/2023 8. 67/Ahd/2023 2019-20 Revenue

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GHCL LIMITED, AHMEDABAD

3A) After turning around and stabilizing its Textile spinning business, GHCL decided to be a global player in Textile segment. For this purpose , GHCL in In 2004, engaged KSA Technopak, a leading Consulting firm in Textiles & Retail to advise the company to identify the area of expansion in Textiles. Based on their in-depth Market Study in both Home Textiles

GHCL LIMITED,AHMEDABAD vs. THE DY.CIT., CIRCLE-4,, AHMEDABAD

3A) After turning around and stabilizing its Textile spinning business, GHCL decided to be a global player in Textile segment. For this purpose , GHCL in In 2004, engaged KSA Technopak, a leading Consulting firm in Textiles & Retail to advise the company to identify the area of expansion in Textiles. Based on their in-depth Market Study in both Home Textiles