DR K R SHROFF FOUNDATION,AHMEDABAD vs. THE DY. CIT, CIRCLE-1, EXMP, AHMEDABAD

In the result, appeal of the assessee is partly allowed\n\n29

section u/s 68 of the Act in respect of proceeds\n\nITA Nos.1205 & 769/Ahd/2025\n Assessment Years: 2018-19\nACIT(E) vs. Dr. KR Shroff Foundation\nPage 7 of 24\nreceived by the assessee in respect of sale of shares is not found correct.\nThere is no dispute to the fact that a sum of Rs.538.40 Crores was\nreceived

ACIT (EXEMPTION) CIRCLE 1 AHMEDABAD, AHMEDABAD vs. DR K R SHROFF FOUNDATION, AHMEDABAD

In the result, appeal of the assessee is partly allowed\n\n29

section u/s 68 of the Act in respect of proceeds\n\nITA Nos.1205 & 769/Ahd/2025\n Assessment Years: 2018-19\nACIT(E) vs. Dr. KR Shroff Foundation\nPage 7 of 24\n\nreceived by the assessee in respect of sale of shares is not found correct.\nThere is no dispute to the fact that a sum of Rs.538.40 Crores was\nreceived

INTAS PHARMACEUTICALS LTD.,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1), AHMEDABAD

Accordingly, this ground raised by the Revenue is dismissed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2015-16 Acit, Cir.2(1)(1) M/S.Intas Pharmaceuticals Ltd Vejalpur Vs Corporate House Ahmedabad. S.G. Highway Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L Asstt.Year : 2015-16 M/S.Intas Pharmaceuticals Ltd Acit, Cir.2(1)(1) Corporate House Vs Vejalpur S.G. Highway Ahmedabad. Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L (Applicant) (Responent) : Assessee By Shri S.N. Soparkar, Sr.Advocae & Shri Parin Shah, Ar : Shri Ragnesh Das, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/04/2025 घोषणा क" तारीख /Date Of Pronouncement: 21/05/2025 आदेश आदेश/O R D E R आदेश आदेश

13,583/- under section 115JB of the Act. The return of income was selected for scrutiny under the Computer Aided Scrutiny Selection (CASS) and notice under section 143(2) of the Act was duly issued. Subsequently, notices under section 142(1) along with detailed questionnaires were issued from time to time, to which the assessee filed replies and furnished necessary

THE ACIT, CIRCLE-2(1)(1), AHMEDABAD vs. M/S. INTAS PHARMACEUTICALS LTD., AHMEDABAD

Accordingly, this ground raised by the Revenue is dismissed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2015-16 Acit, Cir.2(1)(1) M/S.Intas Pharmaceuticals Ltd Vejalpur Vs Corporate House Ahmedabad. S.G. Highway Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L Asstt.Year : 2015-16 M/S.Intas Pharmaceuticals Ltd Acit, Cir.2(1)(1) Corporate House Vs Vejalpur S.G. Highway Ahmedabad. Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L (Applicant) (Responent) : Assessee By Shri S.N. Soparkar, Sr.Advocae & Shri Parin Shah, Ar : Shri Ragnesh Das, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/04/2025 घोषणा क" तारीख /Date Of Pronouncement: 21/05/2025 आदेश आदेश/O R D E R आदेश आदेश

13,583/- under section 115JB of the Act. The return of income was selected for scrutiny under the Computer Aided Scrutiny Selection (CASS) and notice under section 143(2) of the Act was duly issued. Subsequently, notices under section 142(1) along with detailed questionnaires were issued from time to time, to which the assessee filed replies and furnished necessary

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GUJARAT GAS TRADING CO. LTD.,, AHMEDABAD

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

E R Per Pramod Kumar AM: 1. These are three cross appeals filed by the assessee and revenue respectively for assessment years 2007-08, 2008-09 and 2009-10 and are directed against respective orders of the CIT(A), Ahmedabad in the matter of assessment under Section 143(3) of the Income-tax Act, 1961. ITA No. 363/Ahd/2014

GUJARAT GAS TRADIANG CO.LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-4(1),, AHMEDABAD

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

E R Per Pramod Kumar AM: 1. These are three cross appeals filed by the assessee and revenue respectively for assessment years 2007-08, 2008-09 and 2009-10 and are directed against respective orders of the CIT(A), Ahmedabad in the matter of assessment under Section 143(3) of the Income-tax Act, 1961. ITA No. 363/Ahd/2014

GUJARAT GAS TRADIANG CO.LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-4,, AHMEDABAD

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

E R Per Pramod Kumar AM: 1. These are three cross appeals filed by the assessee and revenue respectively for assessment years 2007-08, 2008-09 and 2009-10 and are directed against respective orders of the CIT(A), Ahmedabad in the matter of assessment under Section 143(3) of the Income-tax Act, 1961. ITA No. 363/Ahd/2014

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GUJARAT GAS TRADING CO. LTD.,, AHMEDABAD

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

E R Per Pramod Kumar AM: 1. These are three cross appeals filed by the assessee and revenue respectively for assessment years 2007-08, 2008-09 and 2009-10 and are directed against respective orders of the CIT(A), Ahmedabad in the matter of assessment under Section 143(3) of the Income-tax Act, 1961. ITA No. 363/Ahd/2014

GUJARAT GAS TRADIANG CO.LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-4(1),, AHMEDABAD

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

E R Per Pramod Kumar AM: 1. These are three cross appeals filed by the assessee and revenue respectively for assessment years 2007-08, 2008-09 and 2009-10 and are directed against respective orders of the CIT(A), Ahmedabad in the matter of assessment under Section 143(3) of the Income-tax Act, 1961. ITA No. 363/Ahd/2014

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GUJARAT GAS TRADING CO. LTD.,, AHMEDABAD

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

E R Per Pramod Kumar AM: 1. These are three cross appeals filed by the assessee and revenue respectively for assessment years 2007-08, 2008-09 and 2009-10 and are directed against respective orders of the CIT(A), Ahmedabad in the matter of assessment under Section 143(3) of the Income-tax Act, 1961. ITA No. 363/Ahd/2014

M/S. PANASONIC ENERGY INDIA CO.LTD,VADODARA vs. THE PR. CIT-2,, BARODA

In the result, the appeal is allowed

E R Per Pramod Kumar, AM: 1. By way of this appeal, the assessee-appellant has challenged the correctness of the order dated 30.03.2015 passed by the Principal Commissioner of Income-tax, Vadodara-2, Vadodara under Section 263 of the Income-tax Act, 1961 for the Assessment Year 2009-10. 2. The grievances raised by the assessee are as follows

MEGHMANI ORGANICS LTD.,,AHMEDABAD vs. THE DCIT.,CENT.CIRCLE-1(1),, AHMEDABAD

In the result, assessee’s appeal is allowed for statistical purpose

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

E R PER Ms. MADHUMITA ROY - JM: The instant appeal filed by the assessee is directed against the order dated 18.06.2013 passed by the Commissioner of Income Tax (Appeals) –I, Ahmedabad arising out of the order dated 29.01.2013 passed by the ACIT, Central Circle-1(1), Ahmedabad under Section 143(3) r.w.s 144C of the Income Tax Act, 1961 (hereinafter

THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, AHMEDABAD vs. INDO COLCHEM LTD.,, AHMEDABAD

In the result, revenue’s appeal is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

E R PER Ms. MADHUMITA ROY - JM: The instant appeal filed by the assessee is directed against the order dated 02.01.2017 passed by the Commissioner of Income Tax (Appeals)-2, Ahmedabad under section 143(3) of the Income Tax Act, 1961 (in short ‘the Act’) arising out of the order dated 28.02.2015 passed by the Deputy Commissioner of Income

M/S. INOX INDIA LTD.,,BARODA vs. THE PR. CIT-1,, VADODARA

In the result, the appeal is allowed

E R Per Pramod Kumar, AM: 1. This appeal of assessee for Assessment Year 2010-11 is directed against the order of the Principal Commissioner of Income-tax, Vadodara-1, Vadodara dated 12.03.2014, arising out of order under Section 263 of the Income-tax Act, 1961. 2. The grievances raised by the assessee, are as follows:- “1. The learned Principal

THE DCIT, CIRCLE-1(2),, BARODA vs. M/S. ASTRAL PHARMACEUTICALS INDUSTRIES,, BARODA

In the result, appeal, the appeal and cross-objection, both are dismissed

Bench: The Ao U/S 195(2) Of The Act, Though It Was Obligation Of The Assessee. 3. The Ld. Cit(Appeals) Erred In Law In Allowing The Claim Of The Assessee Without Appreciating The Fact That Assessee Itself Has Deducted Service Tax From The Payments Made To M/S. Urja International, Usa Which Proves That The

E R Per Pramod Kumar AM: 1. This appeal and the cross-objection are directed against the order dated 14.11.2014 passed by the CIT(A)-II, Baroda in the matter of assessment under Section 143(3) of the Income-tax Act, 1961 for the Assessment Year 2011-12. 2. The cross-objection filed by the assessee is not pressed

THE ACIT, CIRCLE-2(1)(1),, AHMEDABAD vs. INDO COLCHEM PVT. LTD.,, AHMEDABAD

In the result, the appeal is dismissed

E R Per Pramod Kumar, Vice President : 1. By way of this appeal, the Assessing Officer has challenged correctness of the learned CIT(A)’s order dated 15th May 2017, in the matter of assessment under section 143(3) of the Income Tax Act, 1961, for the assessment year 2014-15. 2. The Assessing Officer has raised following grievance

KARNAVATI ENGINEERING LTD.,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX (OSD) CIRCLE-4,, AHMEDABAD

In the result, the appeal is allowed in the terms indicated above

E R Per Pramod Kumar, AM: 1. By way of this appeal, the assessee appellant has challenged correctness of the learned Commissioner (Appeals)’s order dated 24th March 2017, in the matter of assessment under section 143(3) of the Income Tax Act, 1961, for the assessment year 2010-11. 2. In the first ground of appeal, the assessee

THE DCIT, CIRCLE-1(2),, BARODA vs. M/S. ASTRAL PHARMACEUTICALS INDUSTRIES,, BARODA

In the result, appeal, the appeal and cross-objection, both are dismissed

Bench: The Ao U/S 195(2) Of The Act, Though It Was Obligation Of The Assessee. 3. The Ld. Cit(Appeals) Erred In Law In Allowing The Claim Of The Assessee Without Appreciating The Fact That Assessee Itself Has Deducted Service Tax

E R Per Pramod Kumar AM: 1. This appeal and the cross-objection are directed against the order dated 14.11.2014 passed by the CIT(A)-II, Baroda in the matter of assessment under Section 143(3) r.w.s. 163 of the Income-tax Act, 1961 for the Assessment Year 2008-09. 2. The cross-objection filed by the assessee