2019 (8) TMI 170

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RDIK V VORA (7123) ORAL ORDER (PER : HONOURABLE MR.JUSTICE J.B.PARDIWALA) 1. This Tax Appeal under Section 260-A of the Income Tax Act, 1961 (for short "the Act, 1961") is at the instance of the Revenue and is directed against the order passed by the Income Tax Appellate Tribunal, "C" Bench, Ahmedabad, dated 28.06.2018 in the ITA No.112/Ahd/2018 for the Assessment Year 2014-15. 2. The ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the matter for hearing on merits, Mr. Hardik Vora, the learned counsel appearing for the assessee pointed out that the present tax appeal need not be adjudicated on merits because of the law tax effect. Mr. Vora has furnished statement with regard to the total addition and the tax effect at 30%. The statement is as under : "Additions / disallowances disputed : On account of disallowance of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on Capital Goods as per para-3 above Rs. 51,81,558/- Addition u/s 36(1)(iii) on Loans & Advances as per para-4 above Rs. 10,65,860/- Addition u/s 36(1)(iii) on Non Business Investments as per para-5 above Rs. 74,692/- Addition on Unsecured Loans as per para-6 above Rs. 15,00,000/- Addition u/s 43B as per para-7 above Rs. 5,81,892/- Addition of B/F Loss as per para-8 a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion of the I.T. Act. 5) Any other reliefs as may be admissible in case of Appellant may also be granted. 6) Your appellant craves leave to add, alter and/or to amend all or any of the grounds before the final hearing." 6. According to Mr. Vora, from the above, it is apparent that the claim with regard to addition under Section 43B as well as the addition of Brought Forward Lo....