M/S. GREEN EARTH BIOGAS PVT. LTD.,SURENDRANAGAR vs. THE PR. CIT-3, AHMEDABAD, AHMEDABAD

In the result, appeal filed by the assessee is dismissed

depreciation amounting to Rs.4,28,20,442/-, which was on account of\nunabsorbed depreciation. It was noticed by the learned

SAURASHTRA GRAMIN BANK MANAGER (F & A), RAJKOT,RAJKOT vs. THE PR. COMMISSIONER OF INCOME TAX-I,, RAJKOT

In the result, the appeal filed by the assessee is allowed

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 37/Rjt/2022 (Assessment Year: 2017-18) (Hybrid Hearing) Saurashtra Gramin Bank Vs. The Pr. Cit-1, Manager (F & A), Rajkot 1St Floor Wing 2, Lic Jeevan Prakash Building, Tagore Road, Rajkot-360001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aahas2116H (अपीलाथ"/Appellant) (""यथ"/Respondent)

Depreciation Reserve" as allowable expenditure on account of depreciation on investment, however, the nature of deduction is notional

THA ACIT, CIRCLE MORBI, MORBI vs. M/S. JAXX VITRIFIED PVT. LTD. , MORBI

In the result, the appeal of the Department is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

depreciation @10% claimed in assessment year 2013-14 on the basis that 20% depreciation is available to the assessee

FRIENDS SALT WORKS AND ALLIED INDUSTRIES,GANDHIDHAM vs. ACIT, CIRCLE-1, GANDHIDHAM, GANDHIDHAM

In the result, the appeal of the assessee is partly allowed, in above terms

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

depreciation claimed on "providing easy and free access & keeping the area vacant surround lease land" where wind mill of the appellant

FRIENDS SALT WORKS & ALLIED INDS.,,GANDHIDHAM vs. THE ADDL. COMMISSIONER OF INCOME TAX, RANGE GANDHIDHAM,, GANDHIDHAM

In the result, the appeal of the assessee is partly allowed, in above terms

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

depreciation claimed on "providing easy and free access & keeping the area vacant surround lease land" where wind mill of the appellant

SALIM ABDULLAH RATHOD,MUNDRA vs. DY COMMISSIONER OF INCOME TAX, GANDHIDHAM CIRCLE

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

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकरअपीलसं./Ita No. 277/Rjt/2023 ("नधा"रणवष"/Assessment Year: (2012-13) Salim Abdullah Rathod, Dy Commissioner Of Income Tax, 6316, Swami Vivekanand Nagar New Vs. Gandhidham Kutch, Gujarat Swaminarayan Temple Road Bhutda 370465 Wadi, Gujarat, 370465 "ायीलेखासं./जीआइआरसं./Pan/Gir No.: Adnpp3110E (अपीलाथ"/Appellant) (""यथ"/Respondent)

depreciation chart along-with the rate of depreciation claimed in accordance with the provisions of the IT Act. On perusal

THE ASSTT. COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHIDHAM vs. M/S P.C. PATEL & CO.,, BHUJ

In the result, the appeal filed by the Revenue is hereby dismissed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

depreciation on Dumper, Tipper etc. @ 30% instead of 15% of depreciation. 3. Aggrieved against the same, the assessee

THE ACIT CIRCLE- 1 (1), RAJKOT vs. M/S. MICRO MELT PVT. LTD. , SHAPAR (VERAVAL), RAJKOT

In the result, the appeal of the Department is dismissed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

depreciation amounting to ₹ 8,78,248/- and business loss of ₹ 12,564/-, and out of the same, unabsorbed depreciation

THE ACIT GANDHIDHAM CIRCLE, GANDHIDHAM vs. M/S RAVJI MANJI SORATHIA &CO.,, ADIPUR-KUTCH

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

depreciation @ 30% as against depreciation @ 15% allowed by the AO. 3. The Ld CIT(A) has erred in law and on facts

THE ACIT, CIRCLE-2,, JAMNAGAR vs. SAURASHTRA CEMENT LTD.,, PORBANDAR

In the result, appeal filed by the Revenue is dismissed and appeal filed by the Assessee is partly allowed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2010-11

depreciation. The Ld. DR submitted that from the records, it is evident that from the depreciation claim the assessee

SAURASHTA CEMENT LTD.,,PORBANDAR vs. THE JOINT COMMISSIONER OF INCOME TAX, RANGE-2,, JAMNAGAR

In the result, appeal filed by the Revenue is dismissed and appeal filed by the Assessee is partly allowed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2010-11

depreciation. The Ld. DR submitted that from the records, it is evident that from the depreciation claim the assessee

THE DY. COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHIDHAM vs. M/S P.C. PATEL & COMPANY,, BHUJ

In the result, the appeal filed by the Revenue is hereby dismissed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

depreciation on Dumper, Tipper etc. @ 30% instead of 15% of depreciation. 3. Aggrieved against the same, the assessee

KONARK OVERSEAS PRIVATE LIMITED,GANDHIDHAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, GANDHIDHAM CIRCLE, GANDHIDHAM

In the result, this appeal of the assessee is allowed for statistical purposes, in\nabove terms

depreciation on which the\npenalty proceedings were also initiated u/s. 271(1)(c) of the Act.\nOn appeal, the Honorable

SHRI RAJESH KARSHANBHAI VEKARIYA,RAJKOT vs. THE ITO WD-2(1)(5), RAJKOT

The appeal of the assessee is partly allowed

Bench: Dr. Arjun Lal Saini, Am.& Dinesh Mohan Sinha, Jm आयकर अपील सं./Ita No.173/Rjt/2024 "नधा"रण वष" / Assessment Year: (2011-12) Shri Rajesh Karshanbhai Vekariya, Income Tax Officer, Ward- Plot No. 266, Kuvadva Gidc, Opp. 2,(1)(5), Rajkot, Aayakar Vs. Riddhi Agro Industries, Kuvadva, Bhavan, Race Course Ring Rajkot-360003 Road, Rajkot – 360001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acxpp9434A (Appellant) (Respondent) Appellant By : Shri Mehul Ranpura, Ld. Ar Respondent By : Shri Abhimanyu Singh Yadav , Ld .Sr. Dr Date Of Hearing : 08 /01/2025 Date Of Pronouncement : 03/04/2025 आदेश / O R D E R Per Dinesh Mohan Sinha Jm; Captioned Appeal Filed By Assessee Pertaining To Assessment Year 2011-12, Is Directed Against Order Passed By National Faceless Appeal Centre (Nfac) Delhi /Ld. Commissioner Of Income-Tax (Appeal) , Vide Order Dated 25.012024, Which In Turn Arises Out Of Assessment Order Passed By The Assessing Officer (‘Ao’ For Short) Dated 26.03.2015 U/S 144 Of The Income Tax Act, 1961 (Hereinafter Referred To As “The Act”). 2. The Assessee Has Raised Following Grounds Of Appeal: “1. The Grounds Of Appeal Mentioned Hereunder Are Without Prejudice To One Another. 2. The Id. Commissioner Of Income-Tax(Appeals), National Faceless Appeal Centre, Delhi (Hereinafter Referred As To The "Cit(A)"] Erred On Facts As Also In Law Confirming Addition Of Rs.86,68,718/- Made By The Ao On Account Of Alleged Unexplained Cash Credit U/S.68 Of The Act On The Alleged Ground That The Appellant Failed To Prove Genuineness & Creditworthiness Of Various Parties From Whom Unsecured Loan Of Rs.86,68,718/-Were Ita No. 173-Rjt-2024 Shri Rajesh Karshanbhai Vekariya

depreciation on motor car of Rs.76,595/- made by the AO on the alleged ground that the appellant failed

SEABIRD MARINE SERVICES PRIVATE LIMITED,JAMNAGAR vs. ACIT, CIRCLE - 1, JAMNAGAR, JAMANGAR

In the result, ground No.4 raised by the assessee is allowed

depreciation,\nshall correspond to the accounting policies, accounting standards and the method and\nrates for calculating the depreciation

ANUP A. SHAH,,RAJKOT-GUJARAT vs. THE ASSTT. COMMR. OF INCOME TAX, CIRCLE-2,, RAJKOT-GUJARAT

In the result, the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No. 106/Rjt/2017 िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष"/Asstt. Years: 2005-2006 वष"

depreciation on weighing machine claimed depreciation at the rate applicable for computer but the AO held that depreciation

M/S WESTERN INDIA CERAMICS P. LTD.,,BARODA vs. THE DY. COMMR. INCOME TAX, CEN. CIR.-1,, RAJKOT-GUJARAT

In the result, ground number 4 of the assessee’s appeal is dismissed

Bench: Shri Waseem Ahmed (Accountant Member), Shri Siddhartha Nautiyal (Judicial Member)

depreciation on Plant & Machinery and vehicle is unwarranted, unjustified and sad in law. 5. The learned Commissioner of Income

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

In the result, summarised and concise ground No

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./ Ita No. 247 To 250 & 260/Rjt/2024 "नधा"रण वष"/ Assessment Years: 2012-13, 2013-14, 2017-18 2018-19 & 2010-11 Bhawani Industries India Llp Assistant Commissioner Of बनाम/ Income-Tax, Cicle-2(1), Rajkot, C/1-B, 236/3 Gidc, Aji Industrial Room No.311, 3Rd Floor, Aaykar Estate, Rajkot-36 003 Vs. Bhawan, Race Course Ring Road, Rajkot-360 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aacfb 8046 R (अपीलाथ"/Assessee) (""यथ"/Respondent) आयकर अपील सं/.Ita No.254 To 256/Rjt/2024 "नधा"रण वष"/ Assessment Years: 2010-11, 2012-13 & 2013-14 Bhawani Industries India Llp Assistant Commissioner Of Income- C/1-B, 236/3 Gidc, Aji बनाम/ Tax, Cicle-2(1), Rajkot, Room No.311, Industrial Estate, Rajkot-36 3Rd Floor, Aaykar Bhawan, Race Vs. 003 Course Ring Road, Rajkot-360 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aacfb 8046 R (अपीलाथ"/Assessee) (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Mehul Ranpura, Ld.Ar राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Ld. Cit-Dr & Shri Abhimanyu Singh Yadav, Sr-Dr

depreciation expenses of respective units borne by, itself there is no requirement of apportionment of motor car depreciation