THE BHARUCH DIST.CENTRAL CO.OP.BANK LTD.,,BHARUCH vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

transferred to bed debts reserve. On the other hand, the Revenue has challenged the order of ld. CIT(A) in granting relief on the deduction of diminution of Rs. 5.365 crore and allowing deduction under Section 36(1)(viia) to the extent of 7.500 crores. 16. We have heard the submissions of the learned Commissioner of Income- tax/ departmental representative

BHARUCH DISTRICT CENTRAL CO.-OP. BANK LTD.,,BHARUCH vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, BHAURCH RANGE,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

transferred to bed debts reserve. On the other hand, the Revenue has challenged the order of ld. CIT(A) in granting relief on the deduction of diminution of Rs. 5.365 crore and allowing deduction under Section 36(1)(viia) to the extent of 7.500 crores. 16. We have heard the submissions of the learned Commissioner of Income- tax/ departmental representative

BHARUCH DISTRICT CENTRAL CO.-OP. BANK LTD.,,BHARUCH vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, BHAURCH RANGE,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

transferred to bed debts reserve. On the other hand, the Revenue has challenged the order of ld. CIT(A) in granting relief on the deduction of diminution of Rs. 5.365 crore and allowing deduction under Section 36(1)(viia) to the extent of 7.500 crores. 16. We have heard the submissions of the learned Commissioner of Income- tax/ departmental representative

THE BHARUCH DIST.CENTRAL CO.OP.BANK LTD.,,BHARUCH vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

transferred to bed debts reserve. On the other hand, the Revenue has challenged the order of ld. CIT(A) in granting relief on the deduction of diminution of Rs. 5.365 crore and allowing deduction under Section 36(1)(viia) to the extent of 7.500 crores. 16. We have heard the submissions of the learned Commissioner of Income- tax/ departmental representative

THE ACIT, CIRCLE-1,, BHARUCH vs. BHARUCH DISTRICT CENTRAL CO. OP. BANK LTD.,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

transferred to bed debts reserve. On the other hand, the Revenue has challenged the order of ld. CIT(A) in granting relief on the deduction of diminution of Rs. 5.365 crore and allowing deduction under Section 36(1)(viia) to the extent of 7.500 crores. 16. We have heard the submissions of the learned Commissioner of Income- tax/ departmental representative

THE ACIT, CIRCLE-1,, BHARUCH vs. BHARUCH DISTRICT CENTRAL CO. OP. BANK LTD.,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

transferred to bed debts reserve. On the other hand, the Revenue has challenged the order of ld. CIT(A) in granting relief on the deduction of diminution of Rs. 5.365 crore and allowing deduction under Section 36(1)(viia) to the extent of 7.500 crores. 16. We have heard the submissions of the learned Commissioner of Income- tax/ departmental representative

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

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

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

v) During finalization of accounts, when the final profits are worked\nout, assesse distributes the profits to its members in the form of\nadditional price in order to wriggle out from the payment of taxes as\nprofits so distributed are exempt in the hands of sugarcane growers\nas agricultural income while the assesse society is a pure business\nentity

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2, SURAT vs. BETEX INDIA LIMITED, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

36. In the case of CIT Vs Jalan Hard Coke Ltd (95 taxmann.com 330), the Hon’ble Rajasthan High Court noted that the assessee had furnished the details of the share applicants but expressed its inability to produce the share applicants before the AO for examination. The Hon’ble High Court held that mere non-appearance of share applicants could

DCIT, CENTRAL CIRCLE-2, SURAT, SURAT vs. DHANPRIYA PRINTS PVT. LTD.,, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

36. In the case of CIT Vs Jalan Hard Coke Ltd (95 taxmann.com 330), the Hon’ble Rajasthan High Court noted that the assessee had furnished the details of the share applicants but expressed its inability to produce the share applicants before the AO for examination. The Hon’ble High Court held that mere non-appearance of share applicants could

BETEX INDIA LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

36. In the case of CIT Vs Jalan Hard Coke Ltd (95 taxmann.com 330), the Hon’ble Rajasthan High Court noted that the assessee had furnished the details of the share applicants but expressed its inability to produce the share applicants before the AO for examination. The Hon’ble High Court held that mere non-appearance of share applicants could

BILAKHIA HOLDING P LTD,VAPI vs. THE JT.CIT.,VAPI RANGE,, VAPI

In the result, the appeal of the assessee is allowed for assessment year 2010-11

Bench: Shri Sandeep Gosain & Shri O.P.Meena, Accoutant Member आ.अ.सं/.I.T.A No.507/Ahd/2013: िनधा"रण वष"/Assessment Year: 2008-09 आ.अ.सं/.I.T.A.No.1415Ahd/2015: िनधा"रण वष"/Assessment Year: 2009-10 आ.अ.सं/.I.T.A No.1416/Ahd/2015:िनधा"रण वष"/Assessment Year: 2010-11 आ.अ.सं/.I.T.A No.795/Ahd/2016: िनधा"रण वष"/Assessment Year: 2011-12 M/S. Bialkhia Holdings Pvt. Vs. Addl.Cit Range - Vapi / Ltd., Bilakhia House, Assistant Commissioner Of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [Pan: Aadcs 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent

1 & 2: are general in nature; hence, does not require our separate adjudication. 4. Ground No.3: States that on appreciation of the facts and circumstances of the case and law, the learned Commissioner of Income-tax (Appeals) has erred in confirming the addition made by the Learned Assessing Officer to the tune of Rs.38,36,27,838/- being surplus