BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ACIT, CIRCLE-2, RAJKOT, 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

156/-, which was not claimed in original return of income. [This is Ground No.3 of Revenue`s appeal in ITA No.260/RJT/2024 for A.Y.2010-11, Ground No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA No.248/RJT/2024 for A.Y.2013-14 ] (4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to disallowance of deduction u/s 80IC

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

In the result, summarised and concise ground No

156/-, which was not claimed in original return of income.\n[This is Ground No.3 of Revenue's appeal in ITA No.260/RJT/2024 for A.Y.2010-11,\nGround No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA\nNo.248/RJT/2024 for A.Y.2013-14]\n(4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to\ndisallowance of deduction

BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ADDI. CIT, RANGE-2, RAJKOT, RAJKOT

156/-, which was not claimed in original return of income.\n[This is Ground No.3 of Revenue's appeal in ITA No.260/RJT/2024 for A.Y.2010-11,\nGround No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA\nNo.248/RJT/2024 for A.Y.2013-14]\n(4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to\ndisallowance of deduction

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

156/-, which was not claimed in original return of income.\n[This is Ground No.3 of Revenue's appeal in ITA No.260/RJT/2024 for A.Y.2010-11,\nGround No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA\nNo.248/RJT/2024 for A.Y.2013-14]\n(4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to\ndisallowance of deduction

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

156/-, which was not claimed in original return of income.\n[This is Ground No.3 of Revenue's appeal in ITA No.260/RJT/2024 for A.Y.2010-11,\nGround No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA\nNo.248/RJT/2024 for A.Y.2013-14]\n(4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to\ndisallowance of deduction

BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ACIT, CIRCLE-2(1), RAJKOT, RAJKOT

156/-, which was not claimed in original return of income.\n[This is Ground No.3 of Revenue's appeal in ITA No.260/RJT/2024 for A.Y.2010-11, Ground No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA No.248/RJT/2024 for A.Y.2013-14]\n(4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to disallowance of deduction

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

156/-, which was not claimed in original return of income.\n[This is Ground No.3 of Revenue's appeal in ITA No.260/RJT/2024 for A.Y.2010-11,\nGround No.3 in ITA No.247/RJT/2024 for A.Y.2012-13, Ground No.3 in ITA\nNo.248/RJT/2024 for A.Y.2013-14]\n(4) The Ld. CIT(Appeals), NFAC, Delhi has erred in law and on facts in deleting to\ndisallowance of deduction

SURENDRANAGAR DISTRICT CO OP PRODUCERS UNION LIMITED,SURENDRANAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, SURENDRANAGAR CIRCLE

In the result, appeal filed by the assessee is allowed

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकरअपीलसं./Ita No. 429/Rjt/2025 ("नधा"रणवष"/Assessment Year: (2014-15) Surendranagar District Co. Op. Acit, Circle, Producers Union Ltd. Vs. Surendranagar-363035 Plot No.249, Phase 2 Gidc Market Yard Circle, Sursagar Dairy, Wadhwan Road, Surendranagar-363035 (Guj) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaaas8375B (अपीलाथ"/Assessee) (""यथ"/Respondent) Assessee By : Shri Kalpesh Doshi, Ld. Ar Respondent By : Shri Abhimanyu Singh Yadav, Ld. Sr. Dr Date Of Hearing : Heard On 09/10/2025, Refixed For Clarification On 03.11.2025 & Finally Heard On 02.02.2026 : 10/02/2026 Date Of Pronouncement Order Per, Dr. Arjun Lal Saini, A.M.:

depreciation, the net income of Rs. 92,40,586/- has been shown. The net business income is claimed as deduction u/s 80P(2)(b) of the Act, in the return filed by the assessee. However, during the course of assessment proceedings, the deduction of interest is disallowed and the net interest income of Rs. 34,79,487/- has been treated

RAJKOT DISTRICT CO-OP. BANKS EMPLOYEES M P CREDIT CO-OP. LTD.,RAJKOT vs. THE DCIT/ACIT CIR 1(1), RAJKOT

In the result, appeal of the assessee is allowed

Depreciation Fund Exp.\n4,11,045.00\nMember's Gift Exp.\n2,25,020.00\nDepreciation\n4,23,927.00\nLess:\nIncome from Other Head\n(-)18,93,786.00\nInterest Income\n18,41,436.00\nDividend Income\n52,350.00\nB\nSection 80P(2)(d) - Interest or dividend from its investment with any\nother co-operative society\nInterest Income from other Co-operative\nBank