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2016 (1) TMI 1454 - ITAT AHMEDABADShort deduction of TDS - TDS u/s 194J OR 194I - disallowance u/s. 40(a)(ia) relating to VSAT and lease line payments - CIT(A) gave partial relief to the assessee directing the A.O to give proportionate benefit of the TDS already deducted and paid in time and disallowed the balance amount. - HELD THAT:- We find that an identical issue was considered by the Tribunal in assessee’s own case in A.Y. 2008-09 [2015 (9) TMI 1696 - ITAT AHMEDABAD] - findings of the Tribunal can be found at Para 3 of its order. Wherein it has followed the decision of the Hon’ble jurisdictional High Court in the case of Prayas Engineering Ltd. [2014 (11) TMI 1086 - GUJARAT HIGH COURT]and also relied upon the decision of the Hon’ble High Court of Calcutta in the case of S.K. Tekriwal [2012 (12) TMI 873 - CALCUTTA HIGH COURT] - Decided in favour of assessee. Addition on account of Bad Debts - HELD THAT:- As decided in assessee's own case CIT-A after considering the facts and the submissions and drawing support from the decision of Hon’ble Delhi High Court in the case of Bonanza Portfolio Ltd. [2009 (8) TMI 636 - DELHI HIGH COURT] and also Rameshchandra D. Chokshi i[2010 (8) TMI 1140 - ITAT AHMEDABAD] correctly deleted the additions Conversion of shares from stock in trade to investment - A.O was of the opinion that the conversion should have been at the fair market value and took the market value of the shares converted from stock in trade to investment and computed the same and added the same to the return of income of the assessee - CIT-A deleted the addition - HELD THAT:- We find that the First Appellate Authority has given a well reasoned and researched order by relying upon the decision of the Hon’ble Supreme Court in the case of Sir Kikabhai Premchand [1953 (10) TMI 5 - SUPREME COURT]. We also find that reliance on the decision of Dhanuka & Sons [1978 (7) TMI 22 - CALCUTTA HIGH COURT] is well founded. Therefore no interference is called for.
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