2019 (8) TMI 170

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.... : 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 Revenue has proposed the following substan....

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....a, 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 interest of on Purchase of Capital Asset : Rs. 51,8....

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....ii) 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 above Rs. 81,32,167/- Total Income assessed Rs. 3,23,41,479/- 5. Mr.Vora submitted tha....