ACIT, CIRCLE-2, BHARUCH vs. SNS TEXTILES LIMITED,, ANKLESHWAR

In the result, the appeal of the Revenue is dismissed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Assistant Commissioner Of M/S Sns Textiles Ltd. Income Tax Circle-2, 330-A, Opp. Atul Products Vs Bharuch, 2Nd Floor, Harikunj Ltd., Gidc, Ankleshwar- Building, Above Bank Of 393002 Baroda, Station Road, Pan : Aadcs 4565 N Bharuch-392001 Appellant / Revenue Respondent / Assessee

depreciation that was carry forward up to assessment year 2001-02 would be carry forward and set-off against profits and gains of subsequent year 9 M/s SNS Textiles Ltd. without any limit whatsoever. So far the contention of the Revenue that there is no mentioned in ITR of carry forward losses

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

In the result, the appeal is allowed

loss and unabsorbed depreciation from the profit calculated u/s 115JB of the I.T.Act. (2) On the facts and in the circumstances of the case, the Ld. CIT(A) ought to have upheld the order of the Assessing Officer. (3) It is therefore, prayed that the order of the CIT(A) may be set

SHILPRAJ DEVELOPERS PVT.LTD.,,SURAT vs. A.C.I.T, , CIRCLE-4,, SURAT

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

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No. 2608/Ahd/2014 ("नधा"रणवष" / Assessment Years: (2008-09) (Virtual Court Hearing) Shilpraj Developers Pvt. Ltd., The Acit, Circle- 4, Vs. 12, Suryakiran Apartment, Ghod-Dod Surat. Road, Surat-395005. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aadcs3045H (Assessee) (Respondent)

depreciation loss is also allowable to be set-off against this head of income. Therefore, assessing officer issued show cause

SHREE KHEDUT SAHAKARI KHAND UDYOG MANDLI LTD.,BARDOLI vs. INCOME TAX OFFICER, WARD-1, BARDOLI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

SHIVAM DEVELOPERS,GODADRA vs. ITO, SURAT, SURAT

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.76/Srt/2020 ("नधा"रणवष" / Assessment Year: (2015-16) (Physical Court Hearing) Shivam Developers, Vs. The Pr. Cit-2, 141, Khodiyar Residency, Surat. Godadra, Surat-395010. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acffs4002D (Appellant) (Respondent) Assessee By Shri Sapnesh Sheth, Ca Respondent By Shri Ritesh Mishra, Cit-Dr Date Of Hearing 06/10/2022 Date Of Pronouncement 11/11/2022

set off of brought forward losses under Chapter VI or unabsorbed depreciation under s. 32(2), as per the restrictions

M/S. MAHESHWARI LOGISTICS PRIVATE LIMITED,,VAPI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, , VALSAD

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.377/Srt/2023 ("नधा"रणवष" / Assessment Year: (2018-19) (Virtual Court Hearing) Maheshwari Logistics Ltd. Principal Commissioner Of Income Tax, Valsad, Room No.301, 3Rd Floor, Shed No.A2-3/2 Mll House, Vs. Opp. Upl, 1St Phase, Gidc, Income Tax Office, Palak Arcade, Pali Vapi, Valsad-396195 Hill, Santi Nagar, Tithal Road, Valsad- 396001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaecm 8332 N (अपीलाथ" /Appellant) (""थ"/Respondent) िनधा"रती की ओर से /Assessee By : Shri Sakar Sharma, C.A राज"व क" ओर से /Respondent By: Shri Ashok B. Koli, Cit-Dr

setting aside the order of the Assessing Officer without justifiable reasons.” ITA No. 377/SRT/2023 A.Y.18-19 Maheshwari Logistics Ltd. Facts of the case which can be stated shortly are as follows: The assessee 2. before us is a limited company and filed its return of income for the assessment year 2018-19 on 16.10.2018, declaring total income at Rs.13

SHYAM CORPORATION,SURAT vs. PR. CIT-2, SURAT

In the result, the appeals of the assessees (in ITA Nos

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita Nos.107 & 108/Srt/2020 ("नधा"रणवष" / Assessment Year:(2015-16) (Virtual Court Hearing) Shyam Corporation, Vs. The Pcit-2, Surat. S. No. 84/1, 885 Block No.137, T.P. No.58, F.P. No.38, B/H. Siddhivinayak Complex, Bamroli, Surat-394210. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acgfs7598M (Assessee) (Respondent) Shivam Enterprises, Vs. The Pcit-2, Surat. Tp. 43, Block No.50, Fp.30, At Post Bhimrad, Althan, Surat-395017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acdfs9748Q

set off carried forward losses of Rs.2,79,361/-, Business loss of Rs.2,52,799/- and unabsorbed depreciation of Rs.26

SHIVAM ENTERPRISE,ALTHAN vs. PR. CIT-2, SURAT

In the result, the appeals of the assessees (in ITA Nos

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita Nos.107 & 108/Srt/2020 ("नधा"रणवष" / Assessment Year:(2015-16) (Virtual Court Hearing) Shyam Corporation, Vs. The Pcit-2, Surat. S. No. 84/1, 885 Block No.137, T.P. No.58, F.P. No.38, B/H. Siddhivinayak Complex, Bamroli, Surat-394210. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acgfs7598M (Assessee) (Respondent) Shivam Enterprises, Vs. The Pcit-2, Surat. Tp. 43, Block No.50, Fp.30, At Post Bhimrad, Althan, Surat-395017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acdfs9748Q

set off carried forward losses of Rs.2,79,361/-, Business loss of Rs.2,52,799/- and unabsorbed depreciation of Rs.26

THE DY.CIT.,CIRCLE-1(1)(2), SURAT vs. GUJARAT JHM HOTELS LTD.,, SURAT

In the result, the grounds of appeal raised by the revenue are dismissed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) D.C.I.T. M/S Gujarat Jhm Hotels Ltd., Circle-1(1)(2), Hotel Holiday In, Near Ambica Vs. Surat. Niketan, Athwalines, Surat- 395001. Pan : Aaacg 8562 E Appellant Respondednt C.O. No. 02/Srt/2022 (Arising Out Of Ita No. 27/Srt/2017)(Ay: 2010-11) M/S Gujarat Jhm Hotels Ltd., D.C.I.T. Hotel Holiday In, Near Bharti Circle-1(1)(1), Vs. Park, Ambikaniketan, Surat. Athwalines, Surat-395007. Pan : Aaacg 8562 E Appellant Respondednt

setting of different carries forward losses and unabsorbed depreciation of earlier year is not NIL. The ld. CIT(A) also

SHANTI ENTERPRISE,,SURAT vs. DEPUTY COMMISSIONER OF INCOME TAX (HQ) -1 , SURAT

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.271/Srt/2018 ("नधा"रणवष" / Assessment Year: (2010-11) (Virtual Court Hearing) Shanti Enterprises, Vs. The Dcit (Hq)-1, Millenium Textile Market, Shop Surat. No.1013-14, Umarwada, Kamela Darwaja, Ring Road, Surat-395002. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aalfs5217L (Assessee) (Respondent)

set off of business loss and depreciation. Learned Counsel for the assessee took us through paper book page no.14 wherein

ACIT, NA vs. ARI CIRCLE., NAVSARIVS.M/S. MAROLI VIBHAG KHAND UDYOG SAHAKARI MANDALI LTD,, NAVASARI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

SAHADARI KHAND UDYOG MANDAL LTD.,,NA vs. ARIVS.ACIT, NAVSARI CIRCLE, NAVSARI, NAVSARI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

ACIT, NA vs. ARI CIRCLE, NAVSARIVS.M/S. MAROLI VIBHAG KHAND UDYOG SAHAKARI MANDALI LTD.,, NAVSARI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

SAHAKARI KHAND UDUOG MANDAL LTD.,NA vs. ARIVS.DCIT, NAVSARI CIRCLE, NAVSARI, NAVSARI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

SAHAKARI KHAND UDYOG MANDAL LTD.,,GANDEVI vs. ACIT, NAVSARI CIRCLE, NAVSARI, NAVSARI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

ACIT, NA vs. ARI CIRCLE, NAVSARIVS.M/S. MAROLI VIBHAG, KAND UDYOG SAHAKARI MANDALI LTD., NAVSARI

Bench: Shri Dinesh Mohan Sinha & Shri Bijyananda Pruseth

loss and unabsorbed depreciation as assessed in the regular assessment completed for the earlier years and hence, the assessment order passed by the AO arbitrarily at the assessed income of Rs. 242,12,52,595/- without giving set

NAKODALTD.,SURAT vs. THE DY.CIT.,CENT.CIRCLE-1,, SURAT

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

Bench: Shri H.S.Sidhu & Shri O.P.Meenaआ.अ.सं./I.T.A. No.787/Ahd/2011 "नधा"रण वष"/Assessment Year : 2007-08 Nakoda Textile Industries Ltd., Vs. Dcit, Central Circle-1, Surat. 738, Ajanta Shopping Centre, Ring Road, Surat. [Pan: Aaacn 7282 L] अपीलाथ" Appellant ""यथ"/Respondent "नधा"रती क" ओर से /Assessee By: Shri H.R.Vepari – Ca राज"व क" ओर से /Revenue By: Shri O.P.Singh – Cit-Dr & Smt.Anupama Singla - Ld.Sr.Dr 01.05.2019 सुनवाई की तारीख/ Date Of Hearing: उ"घोषणा क" तार"ख/Pronouncement On: 02.05.2019 आदेश /O R D E R Per H.S.Sidhu, Jm: The Assessee Has Filed The Present Appeal Against The Impugned 1. Order Dated 24.12.2010 Passed By The Learned Commissioner Of Income (Appeals)-Ii, Ahmedabad For The Assessment Year 2007-08 On The Following Grounds:- “(I) Calculation Of Income U/S.115Jb Of The Act:- (1) On The Facts & Circumstances Of The Case & As Per Law, The Learned Commissioner Of Income-Tax (Appeals) Erred In Not Granting Lower Of Brought Forward Unabsorbed Book Depreciation Of Rs.3,70,99,277/- & Brought Forward Unabsorbed Book Loss Of Rs.6,10,02,257/- In Terms Of Clause (Iii) Of Explanation To Section 115Jb(2). (2) The Commissioner Of Income-Tax (Appeals) Erred In Misconstruing Provisions Of Companies Act, 1956 & The Factual Aspects. (Ii) Miscellaneous:- The Appellant Craves Leave To Add, Alter Or Vary Any Of The Grounds Of Appeal.”

depreciation of Rs.3,70,99,277/- and brought forward unabsorbed book loss of Rs.6,10,02,257/- in terms of Clause (iii) of Explanation to Section 115JB(2). (2) The commissioner of Income-tax (Appeals) erred in misconstruing provisions of companies Act, 1956 and the factual aspects. (II) Miscellaneous:- The appellant craves leave to add, alter or vary

ITO, WARD-2(3)(6), SURAT vs. DHAVAL KIRTIBHAI SHAH, SURAT

In the result, appeals in ITA No

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपील./Itano.147/Srt/2020 & Cross Objection No.16/Srt/2020 [Arising Out Of An Ita No.147/Srt/2020] ("नधा"रणवष" / Assessment Year: (2012-13) (Virtual Court Hearing) The Income Tax Officer, Vs. Dhaval Kiritbhai Shah, Ward-2(3)(6), Surat. A-1103, Regent Residency, Green City Road, Pal, Surat-395009. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Avmps8446H (Assessee) (Respondent / Co-Objector)

depreciation loss u/s 32(l)(iii) of the Act, the same would be available for set off against business income