SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

gain for the purposes of assessment under section 115J. Both judgements are rendered in the context of Section 115J which does not contain a provision analogous to sub- sections (4) of section 115JA or (5) of section 115JB of the Act. Thus while an assessment u/s 115J would be concluded exclusively on the basis of the book profits as adjusted

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

gain for the purposes of assessment under section 115J. Both judgements are rendered in the context of Section 115J which does not contain a provision analogous to sub- sections (4) of section 115JA or (5) of section 115JB of the Act. Thus while an assessment u/s 115J would be concluded exclusively on the basis of the book profits as adjusted

ASSISSTANT COMMISSIONER OF INCOME TAX, AJMER vs. SHREE CEMENT LTD, BEAWAR

section 80IA(8) of the Act.\n30.10. Considering that TPO has disputed the Grid rate not to be\nthe market value in terms of provisions of Section 80A(6) of the\nAct, we would like to state here that that unlike Section 80IA(8),\nthe word \"OR\" is missing in provisions of Section 80A(6) of the\nAct

KATRATHAL GRAM SEWA SAHKARI SAMITI LIMITED ,KATRATHAL vs. ITO WARD 1 SIKAR, SIKAR

80A(5), the claim\r\nfor only such in a return 139(4), 142(1) date contemplated deduction under section\r\n80P could be made by an assessee in a return filed within the time prescribed for\r\nfliling such returns under any of the above provisions. The amendment to section\r\n80AC with effect from 1-4-2018, however

ACIT, CENTRAL CIRCLE, AJMER, AJMER vs. WONDER CEMENT LTD, MADANGANJ-KISHANGARH

In the result Ground No. 2 raised by the assessee is allowed

Bench: Shri Gagan Goyal & Shri Narinder Kumar

80A(6) was made by inserting clause (iii) in Explanation w.e.f. 01.04.2013 specifically holding that the arm's length price for specified domestic transactions had to be determined as per clause (ii) of section 92F? 3. Ground-(iii) Whether on the facts and in circumstances of the case, the Hon'ble CIT(A) (by referring decision of ITAT) is justified

SHREE CEMENT LIMITED,BANGUR NAGAR vs. ACIT, CENTRAL CIRCLE, AJMER

In the result, the appeal of the assessee - appellant in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

80A(6) r.w.s 92F of the Act, the Arm's Length Price (ALP) of the power transferred was determined by considering the Average Annual Landed Cost (AALC) of power sold by the Grid during the year to the assessee and/or similarly placed nearby manufacturing units of independent assessee's in the State of Rajasthan, Chhattisgarh & Karnataka, by applying Comparable Uncontrolled

SHREE CEMENT LIMITED,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, this appeal of the assessee is partly allowed and appeal of the Revenue is dismissed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

section (6) to provide that, with effect from 1-4-2012, the provisions of sub-section shall cease to have effect. Accordingly, a SEZ developer or any entrepreneur carrying on business in an SEZ unit (being a company) would be liable to pay MAT on the profits arising from the development of SEZ or the business carried

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2, AJMER, AJMER

Gain on sale of land or \nbuilding\nLoans/advance to related persons\nConsequently, a notice u/s. 143(2) of the Act was issued on \n08.04.2016 electronically and served upon assessee through \nemail. Further notice u/s. 142(1) of the Act dated 05.02.2021 dated \n01.03.2021 was also issued and duly served upon the assessee. In \nresponse the assessee submitted compliance / explanation \nelectronically

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

80A(5) of the Act is\napplicable only when a return of income is filed by an assessee and a deduction under\nChapter VI “A” of the Act, is not claimed in such return of income. It will not apply to a\ncase where no return of income is filed. The provisions of section 80AC

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

80A(5) of the Act is\napplicable only when a return of income is filed by an assessee and a deduction under\nChapter VI “A” of the Act, is not claimed in such return of income. It will not apply to a\ncase where no return of income is filed. The provisions of section 80AC

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

80A(5) of the Act is\napplicable only when a return of income is filed by an assessee and a deduction under\nChapter VI “A” of the Act, is not claimed in such return of income. It will not apply to a\ncase where no return of income is filed. The provisions of section 80AC

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

80A(5) of the Act is\napplicable only when a return of income is filed by an assessee and a deduction under\nChapter VI “A” of the Act, is not claimed in such return of income. It will not apply to a\ncase where no return of income is filed. The provisions of section 80AC