BHARUCH DISTRICT CO OP MILK PRODUCERS UNION LIMITED,BHARUCH vs. CIT(A), NFAC, DELHI

In the result, the grounds of appeals raised by the assessee is allowed

Bench: Shri Pawan Singh(Virtual Hearing) The Bharuch District Co Op Milk A.C.I.T. Producers Union Limited, Circle-1, Vs. Old N.H. 8, Bholav, Bharuch. Bharuch-392001. Pan No. Aaaat 1470 A Appellant/ Assessee Respondent/ Revenue

depreciation is also result of difference of opinion and no penalty can be levied on this addition of disallowance of depreciation

SHREE SAINATH SARVAJANIK SEWA MANDAL TRUST,UNA vs. ITO, EXEMPTION WARD, SURAT, SURAT

In the result, the appeal of the Revenue is dismissed

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.204/Srt/2021 ("नधा"रणवष" / Assessment Years: (2016-17) (Physical Court Hearing) Shree Sainath Sarvajanik Sewa Vs. The Ito, Exemption Ward, Mandal Trust, Surat. N.H. No.8, Near Ganesh Sisodra, Unn-396445, Gujarat. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aafts7802P (Assessee) (Respondent) Assessee By: Shri Rasesh Shah, Ca Revenue By: Shri J. K. Chandnani, Sr. Dr सुनवाईक"तार"ख/ Date Of Hearing : 12/05/2022 घोषणाक"तार"ख/Date Of Pronouncement : 22/07/2022 आदेश / O R D E R Per Dr. A. L. Saini: The Captioned Appeal Filed By The Assessee, Pertaining To Assessment Year 2016-17, Is Directed Against The Order Passed By The Learned Commissioner Of Income Tax (Appeals), [In Short ‘Ld. Cit(A)’] National Faceless Appeal Centre (In Short ‘Nfac), Delhi, In Appeal No. Itba/Nfac/S/250/2021-22/1036051308(1) Dated 30.09.2021, Which In Turn Arises Out Of A Penalty Order Passed By Assessing Officer U/S 271(1)(C) Of The Income Tax Act, 1961 (Hereinafter Referred To As The ‘Act’).

depreciation claimed of Rs.20,63,925/- is not allowable in view of section 11(6) of the Income-tax Act, 1961. Making of a patently wrong and inadmissible claim for deduction/exemption by the assessee is clearly tantamount to furnishing of inaccurate particulars of income which attracts the levy of penalty

ENVIRO TECHNOLOGY LIMITED,,ANKLESHWAR vs. THE ACIT.,BHARUCH CIRCLE,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LTD.,,ANKLESHWAR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, BHARUCH CIRCLE-2,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LTD.,,ANKLESHWAR vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, BHARUCH CIRCLE,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LIMITED,,ANKLESHWAR vs. THE ACIT.,BHARUCH CIRCLE,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LTD.,,ANKLESHWAR vs. ASSTT. COMMISSIONER OF INCOME TAX,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LTD.,,ANKLESHWAR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, BHARUCH CIRCLE-2,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LTD.,,ANKLESHWAR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, BHARUCH CIRCLE-2,, BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

ENVIRO TECHNOLOGY LTD.,,ANKLESHWAR vs. ASSTT. COMMISSIONER OF INCOME TAX., BHARUCH

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

depreciation of Rs. 310022/- and initiated penalty under Section 271(1)(c) of the Act. On appeal before Ld. CIT(A) in quantum

SAHAJANAND MEDICAL TECHNOLOGIES LIMITED ,SURAT vs. SURAT, SURAT

In the result, the grounds of appeal raised by the assessee is allowed

Bench: Shri Pawan Singh & Shri Bijayananda Prusethआयकर अपील सं./Ita No. 998/Srt/2024 (Ay 2006-07) (Physical Court Hearing) Sahajanand Medical Technologies Deputy Commissioner Of Income- Ltd. Nr. Dabholi Char Rasta, Tax, Circle-2(1)(2), Surat, Room बनाम Ved Road, No.602, 6Th Floor, Vs Surat-395 004 Aaykar Bhavan, Majura Gate, [Pan : Aafcs 7694 L] Surat-395001 अपीलाथ"/Appellant ""थ" /Respondent

depreciation on the leasehold improvement by amortizing @ 20% for five years and no penalty is leviable on such issue. The Ld. AR of the assessee

V. M. MANIYAR EXPORTS,SURAT vs. DCIT, CIRCLE 2(2), SURAT

In the result, assessee’s appeal is allowed

Bench: Shri Sanjay Garg & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1368/Srt/2024 Assessment Year : 2015-16 (Hybrid Hearing) V.M.Maniyar Exports Assistant Commissioner Of बनाम/ Plot No.103-104, Surat Income-Tax, Circle-2(2), Surat Vs. Special Economic Zone, Gidc, Sachin,Surat-394230 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aaifv 6884 F (अपीलाथ"/Appellant) (""थ" /Respondent)

depreciation shall be granted, whether or not the assessee claims the same. The AO accordingly reduced profit by Rs.8,43,752/- and deduction was restricted to Rs.21,43,313/- instead of Rs.29,58,065/-. He also initiated penalty

M/S. GUJARAT CHEMICAL PORT TERMINAL COMPANY LTD.,,BHARUCH vs. THE DY.CIT, CIRCLE-1(1),, BARODA

In the result, appeal for A

Bench: Shri C.M.Garg & Shri O.P.Meena

penalty of Rs.38,95,000/- u/s.271(1)(c) of the Income Tax Act, 1961 on following additions :- (i) Disallowance of repairs to plant & machinery amounting to Rs.67,50,558/- treating it as capital expense. (ii) Prior period expenses of Rs.10,89,135/- (iii) Depreciation

M/S. GUJARAT CHEMICAL PORT TERMINAL COMPANY LTD.,,BHARUCH vs. THE DY.CIT, CIRCLE-1(1),, BARODA

In the result, appeal for A

Bench: Shri C.M.Garg & Shri O.P.Meena

penalty of Rs.38,95,000/- u/s.271(1)(c) of the Income Tax Act, 1961 on following additions :- (i) Disallowance of repairs to plant & machinery amounting to Rs.67,50,558/- treating it as capital expense. (ii) Prior period expenses of Rs.10,89,135/- (iii) Depreciation

M/S. GUJARAT CHEMICAL PORT TERMINAL COMPANY LTD.,,BHARUCH vs. THE DY.CIT, CIRCLE-1(1),, BARODA

In the result, appeal for A

Bench: Shri C.M.Garg & Shri O.P.Meena

penalty of Rs.38,95,000/- u/s.271(1)(c) of the Income Tax Act, 1961 on following additions :- (i) Disallowance of repairs to plant & machinery amounting to Rs.67,50,558/- treating it as capital expense. (ii) Prior period expenses of Rs.10,89,135/- (iii) Depreciation

THE DY,CIT., CENTRAL CIRCLE-1,, SURAT vs. M/S. NAKODA LIMITED, SURAT

In the result, the appeal is allowed

depreciation from book profits calculated u/s.115JB of the Act and also initiated the penalty proceedings and levied the penalty in dispute

BHARUCH ENVIRO INFRASTRUCTURE LTD.,,ANKLESHWAR vs. DY. COMMISSIONER OF INCOME TAX,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Bharuch Enviro Deputy Commissioner Of Infrastructure Ltd.117-118, Income Tax, Bharuch Vs Gidc Estate-393002 Circle, Pan : Aaacb 8075 F Assessee / Appellant Revenue /Respondent

depreciation was deleted. The Assessing Officer after giving show cause notice to the assessee levied penalty on the disallowance of section

ENVIRO TECHNOLOGY LIMITED,,ANKLESHWAR vs. THE ACIT.,BHARUCH CIRCLE,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Bharuch Enviro Deputy Commissioner Of Infrastructure Ltd.117-118, Income Tax, Bharuch Vs Gidc Estate-393002 Circle, Pan : Aaacb 8075 F Assessee / Appellant Revenue /Respondent

depreciation was deleted. The Assessing Officer after giving show cause notice to the assessee levied penalty on the disallowance of section