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

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

80A(6) r/w Sec. 80IA(8), transfer price of power captively consumed has to be based on arms’ length principles enshrined in Sec. 92F(ii), since it is specified domestic transaction vide Sec. 92BA.  As could be seen from the Order of Haryana Electricity Regulatory Commission (HERC) dated 14-03-2013, Discoms had claimed reliability charge of INR 2.50/unit

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

80A(6) r/w Sec. 80IA(8), transfer price of power captively consumed has to be based on arms’ length principles enshrined in Sec. 92F(ii), since it is specified domestic transaction vide Sec. 92BA.  As could be seen from the Order of Haryana Electricity Regulatory Commission (HERC) dated 14-03-2013, Discoms had claimed reliability charge of INR 2.50/unit

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

80A(6) r/w Sec. 80IA(8), transfer price of power captively consumed has to be based on arms’ length principles enshrined in Sec. 92F(ii), since it is specified domestic transaction vide Sec. 92BA.  As could be seen from the Order of Haryana Electricity Regulatory Commission (HERC) dated 14-03-2013, Discoms had claimed reliability charge of INR 2.50/unit

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

section 80A of the Act. 23. In the light of above detailed discussion considering the submissions of the assessee and the orders of the authorities below, we are of the considered opinion that the transfer price

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,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. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2, AJMER, AJMER

Section 144B(1)(xvi)(b) of \nthe Act.\n6.1 In support of the ground so taken the ld. AR of the assessee \nsubmitted that the said ground being technical in nature is not \nbeing pressed in the interest of substantive justice. Hence, the said \nground is not being adjudicated. Ground No. 1 of appeal is \ntherefore dismissed.\n7. Ground

KOTHARI JEWELS PRIVATE LIMITED,MUMBAI vs. ACIT, JAIPUR

In the result, the appeal of the assessee is allowed

80A; (iii) any transfer of goods or services referred to in sub-section (8) of section 80-IA; (iv) any business transacted between the assessee and other person as referred to in sub-section (10) of section 80-IA; (v) any transaction, referred to in any other section under Chapter VI-A or section 10AA, to which provisions

SUNRISE REALCONSULTANCY PRIVATE LIMITED ,BHIWADI vs. INCOME TAX OFFICER, WARD-BHIWADI, BHIWADI

Transferred to P.S(name):\non paint of jurisdiction.\nDistrict:\nF.I.R read over to the complainant/informant, admitted to be correctly recorded and a copy given to the\ncomplainant/informant, free of cost:\nR.O.A.C\n14\nSignature/Thumb Impression\nof The Complainant/Informant:\nR\nSignature of Officer\nName: RANBIR ASI\nRank: 09\nNo.: 00000384\n15 Date and Time of despatch to the court:\n4.5 As seen

SUNRISE REALCONSULTANCY PRIVATE LIMITED ,ALWAR vs. INCOME TAX OFFICER, WARD-BHIWADI, BHIWADI

In the result, the both the appeals of the assessee are partly allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

transferred to Regional e- Assessment Centre to complete the proceedings under Faceless Assessment Scheme, 2019. Statutory notices were issued on 01/02/2021,05/10/2021 and 09/12/2021 asking to explain the issue and submit the details called for. The assessee company neither filed its return of income in response to notice u/s. 148 of the Act nor respond to any of the notices