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Income Tax Appellate Tribunal, SURAT BENCH, SURAT
IN THE INCOME TAX APPELLATE TRIBUNAL SURAT BENCH, SURAT BEFORE DR. B.R.R. KUMAR, VICE-PRESIDENT Ms SUCHITRA KAMBLE, JUDICIAL MEMBER ITA No.12/Srt/2025 (Assessment Year: 2012-13) Rameshchandra Vasantllal & Co., Income Tax Officer, Vs. Main Bazar, Ward-1, At N PO Madhi, Bardoli. Dist. Surat, Surat-394340 [PAN : AADFR1395L] (Appellant) .. (Respondent) Appellant by : Shri K Gopal, AR Respondent by: Shri Ajay Uke, Sr. DR Date of Hearing 19.01.2026 Date of Pronouncement 22.01.2026 O R D E R PER DR. B.R.R. KUMAR, VICE-PRESIDENT:-
Delay Condoned This appeal has been filed by the Assessee against the order dated 25.01.2024 passed by the Ld. Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi (“the CIT(A) in short), under Section 250 of the Income-tax Act, 1961 (“the Act”), relating to the Assessment Year 2012-13.
In the present case, the addition has been made in the hands of the assessee- firm, which had already ceased to exist in the name of M/s. Rameshchandra Vasantlal & Co. The total cash deposits in the said bank account amounted to Rs.61,74,461/-. It was submitted before us that this bank account was operated by Shri Rameshchandra Vasantlal Mehta, and that the entire deposits reflected therein pertain to the proprietary concern of Shri Rameshchandra Vasantlal Mehta. A bank certificate to this effect was also submitted before us.
We have carefully gone through the records. It is an undisputed fact that the amounts deposited in this bank account have been duly reflected in the Income Tax
ITA No. 12/Srt/2025 Asst. Year : 2012-13 - 2– Return filed by Shri Rameshchandra Vasantlal Mehta, Proprietor of M/s. Rameshchandra Vasantlal & Co. Accordingly, no addition is called for.
In the result, the appeal of the assessee is allowed.
The order is pronounced in the open Court on 22.01.2026.
Sd/- Sd/- (SUCHITRA KAMBLE) (DR. B.R.R. KUMAR) JUDICIAL MEMBER VICE-PRESIDENT (True Copy) Surat; Dated 22.01.2026 **mv आदेश की �ितिलिप अ�ेिषत/Copy of the Order forwarded to : अपीलाथ� / The Appellant 1. ��थ� / The Respondent. 2. संबंिधत आयकर आयु� / Concerned CIT 3. आयकर आयु� ( ) 4. अपील / The CIT(A)- 5. िवभागीय �ितिनिध , , अिधकरण अपीलीय आयकर /DR,ITAT, Surat, 6. गाड� फाईल / Guard file. आदेशानुसार/ BY ORDER, TRUE COPY सहायक पंजीकार (Asstt. Registrar) आयकर अपीलीय अिधकरण ITAT, Surat
Date of dictation …words processed by Hon’ble VP on his PC on 17.10.2025……………. 1. 2. Date on which the typed draft is placed before the Dictating Member …03.11.2025…………. 3. Other Member ……06.11.2025………. Date on which the app Date of Dispatch of the Order…………………………………… 4.