THE ASSTT. COMMISSIONER OF INCOME TAX, VAPI CIRCLE,, VAPI vs. M/S. MITSU LIMITED,, DAMAN

In the result, the appeal of the Revenue is dismissed

Bench: Shri Sandip Gosain & Shri O. P. Meenav. ""यथ"/Respondent आ.अ.सं././././I "नधा"र अपीलाथ" Appellant S .T.A No. ण N वष"/A Y: 1 1671/Ah 2002- M/S. Mitsu Limited, V. Assistant D/2006 03 304/2, Iind Phase, Commissioner Of Gidc, Vapi 396195 Income Tax-Vapi Pan: Aaccm 2764 Q Circle, Vapi 2 1371/Ah 2002- Assistant V. M/S. Mitsu Limited, D/2006 03 Commissioner Of 304/2, Iind Phase, Income Tax-Vapi Gidc, Vapi 396195 Circle, Vapi Pan: Aaccm 2764 Q Co.No.1 2002- M/S. Mitsu Limited, V. Assistant 3 84/Ahd/ 03 304/2, Iind Phase, Commissioner Of 2006 Gidc, Vapi 396195 Income Tax-Vapi Pan: Aaccm 2764 Q Circle, Vapi 4 1672/Ah 2003- M/S. Mitsu Limited, V. Assistant D/2006 04 304/2, Iind Phase, Commissioner Of Gidc, Vapi 396195 Income Tax-Vapi Pan: Aaccm 2764 Q Circle, Vapi 5 1764/Ah 2003- Assistant V. M/S. Mitsu Limited, D/2006 04 Commissioner Of 304/2, Iind Phase, Income Tax-Vapi Gidc, Vapi 396195 Circle, Vapi Pan: Aaccm 2764 Q 6 1000/Ah 2002- M/S. Mitsu Limited, V. Assistant D/2016 03 304/2, Iind Phase, Commissioner Of Gidc, Vapi 396195 Income Tax-Vapi Pan: Aaccm 2764 Q Circle, Vapi 7 3510/Ah 2000- Assistant V. M/S. Mitsu Limited, D/2016 01 Commissioner Of Page 2 Of 83 Mitsu Ltd. V. Acit- Vapi/I.T.A. No.1671-1371,Co-184,1672-1764,1614 &1000/Ahd/2006/A.Y.02-03,03-04,06-07.02-03 Income Tax-Vapi 304/2, Iind Phase, Circle, Vapi Gidc, Vapi 396195 Pan: Aaccm 2764 Q

211 ITR 597 (Raj.), Murli Investment Co. (suprs), CIT v. Avon Apparels [D.B. IT Appeal No. 41 of 1999, dated 11-7-2002], Shri Ram Honda Power Equip (supra), CIT v. Meea & Ceiko Pumps (P.) Ltd. [ITAT No. 298 of 2003, dated 27-11-2014], CIT v. Greatways (P.) Ltd. [2008] 171 Taxman 316 (Punj. & Har.), that where surplus funds

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

In the result, all the appeals are disposed of in the manner indicated\nhereinbefore

transfer of profits effected by payment of\nSugarcane purchase price at the rate over and above the Fait ano\nRemunerative Price (FRP) holding that profit element embedded in the\nsugarcane purchase price paid to the member farmer is Rs.7,23,50,683/-\n@ Rs.75/- per MT for 9,64,675.77 MT sugarcane purchased from member\nfarmers when deduction of Rs.75

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

In the result, all the appeals are disposed of in the manner indicated\nhereinbefore

transfer of profits effected by payment of\nSugarcane purchase price at the rate over and above the Fait ano\nRemunerative Price (FRP) holding that profit element embedded in the\nsugarcane purchase price paid to the member farmer is Rs.7,23,50,683/-\n@ Rs.75/- per MT for 9,64,675.77 MT sugarcane purchased from member\nfarmers when deduction of Rs.75

MAROLI VIBHAG KHAND UDYOG SAHAKARI MANDALI LTD,.,NA vs. ARIVS.ACIT, NAVSARI CIRCLE, , NAVSARI

transfer of profits effected by payment of\nSugarcane purchase price at the rate over and above the Fait ano\nRemunerative Price (FRP) holding that profit element embedded in the\nsugarcane purchase price paid to the member farmer is Rs.7,23,50,683/-\n@ Rs.75/- per MT for 9,64,675.77 MT sugarcane purchased from member\nfarmers when deduction of Rs.75

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

transfer of profits effected by payment of\nSugarcane purchase price at the rate over and above the Fait ano\nRemunerative Price (FRP) holding that profit element embedded in the\nsugarcane purchase price paid to the member farmer is Rs.7,23,50,683/-\n@ Rs.75/- per MT for 9,64,675.77 MT sugarcane purchased from member\nfarmers when deduction of Rs.75

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

transfer of profits effected by payment of\nSugarcane purchase price at the rate over and above the Fait ano\nRemunerative Price (FRP) holding that profit element embedded in the\nsugarcane purchase price paid to the member farmer is Rs.7,23,50,683/-\n@ Rs.75/- per MT for 9,64,675.77 MT sugarcane purchased from member\nfarmers when deduction of Rs.75

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

In the result, all the appeals are disposed of in the manner indicated\nhereinbefore

transfer of profits effected by payment of\nSugarcane purchase price at the rate over and above the Fait ano\nRemunerative Price (FRP) holding that profit element embedded in the\nsugarcane purchase price paid to the member farmer is Rs.7,23,50,683/-\n@ Rs.75/- per MT for 9,64,675.77 MT sugarcane purchased from member\nfarmers when deduction of Rs.75

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

211 to 214/SRT/2020 (AYs: 2011-12 to 2014-15)\nSahakari Khand Udhyog Mandal Ltd.\nGandevi Sugar, Gandevi, Tal. Gandevi,\nNavsari - 396360, Gujarat.\nVs.\nACIT,\nNavsari Circle,\nNavsari\nस्थायीलेखासं./जीआइआरसं./PAN/GIR No: AAAAS3791B\n(Appellant)\n(Respondent)\nITA Nos. 218 to 221/SRT/2020 (AYs: 2011-12 to 2014-15)\nACIT,\nNavsari Circle,\nNavsari\nVs.\nSahakari Khand Udhyog Mandal Ltd.\nGandevi Sugar, Gandevi

BHARATKUMAR RANCHODBHAI SONI,NA vs. ARIVS.PCIT, VALSAD

In the result, the appeal of the assessee is allowed

211/-\nwhereas it was Rs.1,11,07,682/- in FY.2016-17. The AO rejected the books of\naccount and estimated additional income @ 2.5% of total turnover and\naccordingly added Rs.14,77,417/- to the total income. The Id. AR submitted that\nthe AO has taken a reasonable, plausible and legally sustainable view, which\ncannot be branded as erroneous. Once

KALUBHAI DULABHAI GOLAVIYA,SURAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, , SURAT

In the result, ground raised by the assessee is allowed

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकर अपीलसं./It(Ss)A No.15 & Ita No.619/Srt/2018 (िनधा"रणवष" / Assessment Years: (2011-12 &2014-15) (Virtual Court Hearing) Shri Kalubhai Dulabhai Golaviya Deputy Commissioner Of Income-Tax, B/1-2, Jalaram Society, B/H. Central Circle-2, Aaykar Bhavan, Vs. Gurunagar Society, Varachha Majura Gate, Surat-395001 Road, Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ablpp 5116 A (अपीलाथ" /Appellant) (""थ" /Respondent)

prices. The assessee had not developed the plots into houses or is not dealing in Real Estate. The intention of the assessee is not in the nature of “Adventure in the Nature of trade but land was held with an intention to construct farm house”. However, later on the city limit was increased and it was not allowed to construct

DIVYABEN PRAFULCHANDRA PARMAR,SURAT vs. INCOME TAX OFFICER, WARD 1(3)(1), SURAT

In the result, appeal filed by the assessee is allowed

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.73/Srt/2023 (Assessment Year: 2014-15) (Physical Hearing) Divyaben Prafulchand Parmar, Vs. The Ito, Ward-1(3)(1), 1-2, Harikrishna Niwas, B/H Braham Surat. Kumari Ashram, Bhatar Road, Surat – 395017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acbpp9559Q (Appellant) (Respondent)

211 days by holding as under: "3. We have heard both the parties on this preliminary issue. Having regard to the reasons given in the application for condonation of delay, we are of the considered opinion that assessee was under a bona fide belief that the impugned order of Pr. CIT was not appealable before this Tribunal since they were