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2019 (8) TMI 170

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..... Appeal is disposed of. - R/TAX APPEAL NO. 1331 of 2018 - - - Dated:- 30-7-2019 - MR J. B. PARDIWALA AND MR A. C. RAO, JJ. For The Appellant (s) : MRS MAUNA M BHATT (174) For The Opponent (s) : MR. HARDIK 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 Revenue has proposed the followi .....

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..... 5,860/- On account of disallowance of interest on interest free advance : ₹ 74692/- On account of addition of unsecured loan : ₹ 15,00,000/- Total Addition ₹ 78,22,110/- Tax Effect @ 30% ₹ 23.46.633/- 4. As against the above, Mr. Bhatt, the learned senior standing counsel appearing for the Revenue invited the attention of this Court to Page.19 of the paper-book. Page.19 is the order of the Assessing Officer. In paragraph 9, a chart has been .....

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..... To delete the addition of ₹ 51,81,558/- made by the Ld.AO in the income of the appellant company u/s.36(1)(iii) of the I.T. Act. 2) To delete the addition of ₹ 10,65,860/- made by the Ld.AO u/s 36(1)(iii) of the IT Act. 3) To delete the addition of ₹ 74,692/- made by the Ld. AO u/s. 36(1)(iii) of the I.T. Act. 4) To delete the addition of ₹ 15 lacs without mentioning the Section 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. Accordi .....

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