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.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

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.

Section 80IA(8), the word "OR" is missing in provisions of Section 80A(6) of the ACIT vs. Shree Cement Ltd. Act. It is noted that as per provisions of Section 80A(6), if any goods or services whether sold or acquired falls within the category specified domestic transactions of Section 92BA then in such case it is mandatory

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

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)

5) states that no deduction shall be allowed to the assessee in case of failure to make the claim of deduction under chapter VIA in the return of income. Further, section 80A(C) requires that such return of income should be filed within the time limit specified u/s 139(1) to claim deduction under chapter VIA. It has also been

SHIKSHA VIBHAG KARMCHARI SAHKARI SAMITI LIMITED,BUNDI vs. ITO, BUNDI

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

disallowed deduction claimed u/s 80P of the Act primarily because of late filing of return u/s 139(4) of the Income Tax Act. The objection of the CPC is with regard to claim of deduction in the light of provisions of Section 80A(5

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

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

disallowed the deduction claimed u/s 80P as per the provision\r\nof section 80AC of the Act.\r\n5. 1. Before moving further, let me first surface provision of section 80AC of the Act\r\nwhich comes into force from 01/04/2018. The provision of section 80AC is as under\r\n:-\r\n[Deduction not to be allowed unless return

BAJRANG WIRE PRODUCTS (INDIA) PRIVATE LIMITED,BAJRANG WIRE PRODUCTS (INDIA) PRIVATE LIMITED vs. DCIT CIRCLE -4-JAIPUR, RJN-C-(104)(1), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

5), as the original return was filed under section 139(1) within the due date prescribed. In fact, the assessee complied with the provisions of section 80AC of the Act by filing its original return on 25.10.2018 which is within the due date specified under section 139(1) of the Act. In view of our above observations and finding

PALAS GRAM SEWA SAHKARI SAMITI LIMITED,SIKAR vs. ITO, SIKAR

In the result, the appeal of the assessee is allowed for statistical\npurposes

disallowance of the full amount without\nadjusting it against the GTI constitutes an incorrect application of Section 80P\nread with Section 80A(2) of the Income Tax Act, 1961.\n5. The appellant prays for leave to add, to amend, to delete, or modify the all\nor any grounds of appeal on or before the hearing of appeal

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

5,38,59,30,559/- on \naccount of deduction u/s 80IA on account of Solid Waste Management \nSystem\n3. Whether on the facts and circumstances of the case, the learned \nCIT(A), NFAC,Delhi was justified in allowing the appeal of the \nassessee by deleting the disallowance of Rs. 22,61,15,294/- out of \nclaim u/s 80IA of water

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

disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee's bank statements clearly demonstrate that the\nso-called \"reason to believe” was founded on unverified, incorrect, and incomplete\ninformation. There was no tangible material

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

disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee's bank statements clearly demonstrate that the\nso-called \"reason to believe” was founded on unverified, incorrect, and incomplete\ninformation. There was no tangible material

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

disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee's bank statements clearly demonstrate that the\nso-called \"reason to believe” was founded on unverified, incorrect, and incomplete\ninformation. There was no tangible material

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

disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee's bank statements clearly demonstrate that the\nso-called \"reason to believe” was founded on unverified, incorrect, and incomplete\ninformation. There was no tangible

SOYALA GRAM SEWA SAHAKARI SAMITI LIMITED,TONK vs. ITO, TONK, TONK

In the result, appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

disallowing the claim of the appellant u/s 80P (2) of the Income tax Act, 1961 for Rs. 1,14,509/- on the alleged violation of the appellant in complying with the provisions of section 80A(5

JAIPUR JEWELLERY SHOW,JAIPUR vs. ACIT-DCIT CIRCLE (EXEMP.), JAIPUR, JAIPUR

In the result, the appeal of the assesee is allowed for statistical purposes

Bench: Hon’ble SHRI SANDEEP GOSAIN (Judicial Member)

5. Conclusion: In the result, the appeal of the Appellant is DISMISSED.’’ 2.2. The Bench noted that the Ground No. 1 & 3 are interconnected and relates to not allowing fresh claim made by the assessee for the first time before the assessee before the Revenue Authorities. The Bench feels to decide both the grounds through a common order. Brier facts