NEPRA ENVIRONMENTAL SOLUTINS PRIVATE LIMITED,GANDHINAGAR vs. THE INCOME TAX OFFICER, WARD-3(1)(1), AHMEDABAD

In the result, the appeal of the assessee is partly allowed

68 of the Act in respect of\nshare application money received.\n(iii) Alternative addition of Rs.70,99,350/- under section 56(2)(viib

AQUALFIL POLYMERS CO. PVT. LTD.,AHMEDABAD vs. ITO, WARD-1(1)(4),, AHMEDABAD

section 40(a)(ia). . 28. Ld. Counsel for the assessee at the outset itself stated that she did not wish to press this ground considering the smallness of the quantum involved. 29. In view of the above, ground no. 3 is dismissed. 30. Ground no. 4 reads as under: 4. The Id. CIT(A) has grossly erred

AQUALFIL POLYMERS CO. PVT. LTD.,,AHMEDABAD vs. THE DY.COMMISSIONER OF INCOME TAX CIRCLE-1(1)(1),, AHMEDABAD

section 40(a)(ia). . 28. Ld. Counsel for the assessee at the outset itself stated that she did not wish to press this ground considering the smallness of the quantum involved. 29. In view of the above, ground no. 3 is dismissed. 30. Ground no. 4 reads as under: 4. The Id. CIT(A) has grossly erred

DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. AQUAFIL POLYMERS CO. PVT. LTD., AHMEDABAD

section 40(a)(ia). . 28. Ld. Counsel for the assessee at the outset itself stated that she did not wish to press this ground considering the smallness of the quantum involved. 29. In view of the above, ground no. 3 is dismissed. 30. Ground no. 4 reads as under: 4. The Id. CIT(A) has grossly erred

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:

56(2)(viib) and Section 68 of the Act and these transactions undertaken by the assessee company during the relevant

SHALBY LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-4(1)(1), AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2015-16

section 56(2)(ib) of the Act in respect of additional of securities premium charged in excess of fair value of shares. The amount charged as securities premium amount in excess of fair value of shares can be added to total income of 2 I.T.A No. 1005/Ahd/2023 Shalby Ltd., A.Y. 2015-16 the recipient company u/s. 56(2)(viib

KUNA IMPEX PVT.LTD.,,AHMEDABAD vs. THE DY.CIT., CIRCLE-2(1)(2), AHMEDABAD

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

56(2)(viib), which pertains to the taxation of excessive share premium, was introduced starting from the Assessment Year (‘AY’) 2013-14. Consequently, it is our position that this provision is not applicable to the year under consideration. 1.3 The Appellant has furnished sufficient documents and the evidence to meet the principles of section 68