HIRAVATI MARINE PRODUCTS PVT. LTD.,,PORBANDAR vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE-2,, JAMNAGAR

In the result, the appeal of the revenue is partly allowed for statistical purposes

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed"नधा"रण वष"/Asstt. Year:2007-2008 Addl. Commissioner Of Hiravati Marine Products Pvt. Income Tax, Vs Ltd. Range-2, Porbandar, Jamnagar. Pan No: Aabch2110C "नधा"रण वष"/Asstt. Year:2008-2009

ii. No details of the parties to whom the assessee gave the advances. iii. The impugned advances written off in the year under consideration represents the prior period expenses which cannot be allowed in the year under consideration. 11.9 It is an undisputed fact the advances written off by the assessee as discussed above cannot be categorized as bad-debts

THE ACIT, CIRCLE-2,, JAMNAGAR vs. M/S HIRAVATI MARINE PRODUCTS (P) LTD.,, PORBANDAR

In the result, the appeal of the revenue is partly allowed for statistical purposes

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed"नधा"रण वष"/Asstt. Year:2007-2008 Addl. Commissioner Of Hiravati Marine Products Pvt. Income Tax, Vs Ltd. Range-2, Porbandar, Jamnagar. Pan No: Aabch2110C "नधा"रण वष"/Asstt. Year:2008-2009

ii. No details of the parties to whom the assessee gave the advances. iii. The impugned advances written off in the year under consideration represents the prior period expenses which cannot be allowed in the year under consideration. 11.9 It is an undisputed fact the advances written off by the assessee as discussed above cannot be categorized as bad-debts

ACIT, CIRCLE-1(1), RAJKOT, RAJKOT vs. AXWELL GRANITO PVT. LTD., MORBI

In the result, appeal filed by the Revenue is dismissed

Bench: DR. ARJUN LAL SAINI (Accountant Member), SHRI DINESH MOHAN SINHA (Judicial Member)

1,32,68,300/-. 5. Aggrieved by the order of the Learned CIT(A), the Revenue is in appeal before us. 6. Learned Senior DR for the Revenue submitted that in respect of addition sustained by the ld. CIT(A) to the tune of Rs.1,32,68,300/-, the assessee has miserably failed to explain the identity, creditworthiness, and genuineness

PANKAJKUMAR CHIMANLAL LODHIYA,RAKJOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

32,40,46,529- Rs.31,35,85,433), as against\naddition of Rs.32,40,46,529/- and granted relief to the assessee of\nRs.31,35,85,433/-. Therefore, assessing officer proposed to levy the penalty u/s\n271(1)(c) of the Act, on Rs.1,04,61,096/-.\n12.\nDuring the penalty proceedings, the assessee submitted reply before the\nassessing officer

ISS SHIPPING INDIA PVT. LTD., (AS AGENT FOR MAERSK TANKERS SINGAPORE PTE. LTD., SINGAPORE),NAVI MUMBAI vs. DY. COMMR. OF INCOME TAX ( INTERNATIONAL TAXATION),, RAJKOT

In the result, both the appeals of the assessee are allowed for statistical purposes

32,792 Singapore. Princess 7 MT Maersk Kiera 1 4,03,04,065 8 MT Maersk 2 19,15,34,687 I.T.A Nos. 429 & 430/Rjt/2018 A.Y. 2017-18 Page No 3 ISS Shipping India Pvt. Ltd. vs. Dy. CIT Progress 9 MT Maersk Katalin 1 4,03,64,849 10 MT Maersk Pearl 1

ISS SHIPPING INDIA PVT. LTD., (AS AGENT FOR MAERSK TANKERS SINGAPORE PTE. LTD., SINGAPORE),NAVI MUMBAI vs. DY. COMMR. OF INCOME TAX ( INTERNATIONAL TAXATION),, RAJKOT

In the result, both the appeals of the assessee are allowed for statistical purposes

32,792 Singapore. Princess 7 MT Maersk Kiera 1 4,03,04,065 8 MT Maersk 2 19,15,34,687 I.T.A Nos. 429 & 430/Rjt/2018 A.Y. 2017-18 Page No 3 ISS Shipping India Pvt. Ltd. vs. Dy. CIT Progress 9 MT Maersk Katalin 1 4,03,64,849 10 MT Maersk Pearl 1

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

32. Now we take ITA No.391/Ahd/2013. 33. The grievance of the assessee in this appeal is that the ld.CIT(A) has erred in confirming the penalty of Rs.3,40,000/- imposed by the AO under section 271(1)(c) of the Act on addition of Rs.10,09,000/- made under section 68 of the Act. 34. Brief facts

SHRI RAJKOT DISTRICT CO-OP. BANK LTD. RAJKOT,RAJKOT vs. THE PR. CIT-1, RAJKOT, RAJKOT

The appeal of the assessee is allowed

Bench: us, the error noted in the assessment order passed in the case of the assessee under Section 143(3) of the Act for the impugned year i.e. AY 2017-18 was that the assessee’s claim of deduction for creation of special reserve from the profit of “eligible business” as per Section 36(1)(viii) of the Act had been allowed in excess by the Assessing Officer without properly examining the calculation of the claim submitted by the assessee.

68,93,336/- should be disallowed on account of excess claim of deduction for creating special reserve u/s 36(1)(viii) and should be added to total income of assessee bank.” 5. Ld. Pr. CIT thereafter went on to hold the assessment order as erroneous causing prejudice to the Revenue for the Assessing Officer having not examined the claim

GOPAL SNACKS PVT LTD ,RAJKOT vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), RAJKOT

32,208/-) in income tax return (ITR). In support of this, the assessee\nhas submitted before the assessing officer the copy of computation of income\nfor assessment year (A.Y.) 2020-21. On these facts, no adverse inference was\ndrawn by the assessing officer. The Company has made certain donations,\nwhich are deductible u/s 80G, which are claimed as deduction while

PARESH DAYASHANKAR MADEKA,RAJKOT vs. THE INCOME TAX OFFICER, WARD-2(2)(3), RAJKOT

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

32 of the Indian evidences act, 1872. 8. furthermore the evidence act section 106 comes for recue of revenue; the facts mentioned in statement of Mr. Prakash Bagrecha was facts which come to his specific knowledge only as he was operating the business at that them, statement given by later director based on books of account would not have

THE ACIT, CIRCLE-1,, JAMNAGAR vs. M/S. SENOR METALS PVT. LTD., JAMNAGAR

In the results the appeal of the revenue is dismissed

Bench: Shri Waseem Ahmed & Ms Suchitra Raghunath Kambleआयकर अपील सं./Ita No. 260/Rjt/2015 िनधा"रण वष"/Asstt. Year:2011-12

68 087 77 55 982 1 73 60 002 1 93 45 151 (Increase )/Decrease in stock Opening stock By product 1 28 206 2 86 589 Work in process 5 86 46 481 6 63 78 651 Finished goods 1 11 79 254 77 63 967 Total 6 99 53 941 7 44 29 207 Closing stock By product