CIT v. Ayachi Chandrashekhar Narsangji

42 Taxmann.com 251High Court2014#505 most cited

What is CIT v. Ayachi Chandrashekhar Narsangji authority for?

No addition can be made under section 68 for cash credits if the loan repayment is established in the subsequent year through banking channels, and the assessee has provided sufficient evidence of the creditor's genuineness and creditworthiness.

187

judgments rely on this decision, according to BharatTax’s citation analysis of 367,154 Indian tax judgments — from 2014 to 2026.

Also referred to as

CIT v Ayachi Chandrashekhar Narsangji · section 68 · cash credit · loan repayment · banking channels · genuineness of transaction · creditworthiness of creditor · audited balance sheets · explained income

Also reported as

26 SOT 541

Sections most often in play

Section 68Section 147Section 148Section 143(3)Section 133(6)Section 115BBESection 131Section 250
Read the full judgment

Issues it is cited on

source of sourcecreditworthiness of the creditorshell companyaddition under section 68beyond four yearsaddition u/s 68material facts necessary for assessmentborrowed satisfactionshare application moneygenuineness of the transactionaccommodation entrysection 41(1)

Judgments citing CIT v. Ayachi Chandrashekhar Narsangji

Shri Milap Hareshkumar Somaiya, Jamnagar vs. The ACIT, Circle-1, Jamnagar

In the result, the appeal filed by the Assessee is allowed

ITA 20/RJT/2020[2016-17]Status: DisposedITAT Rajkot17 Feb 2023AY 2016-17

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 143(3)Section 24Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT (Conducted Through Virtual Court) Before: Shri Waseem Ahmed, Accountant Member And Shri T.R. Senthil Kumar, Judicial Member Assessment Year: 2016-17 Milap Hareshkumar The DCIT, Circle-2(2), Somaiya matru Ashish, Jamnagar Amba Vijay Society, Nr. Vs Gita Vidhyalaya Mandir (Respondent) Jamnagar, Gujarat PAN No: BOYPS7496M (Appellant) Assessee Represented: Shri Dushyant Maharshi, A.R. Revenue Represented: Shri B.D. Gupta, Sr. D.R. Date of hearing : 02-02-2023 Date of pronouncement : 17-02-2023 आदेश/ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- Th…

Jayantilal Vallabhbhai Ramoliya, Surat vs. ITO, Ward -3(3)(2), Surat

In the result, appeal of the assessee is partly allowed

ITA 342/SRT/2017[2012-13]Status: DisposedITAT Surat03 Feb 2023AY 2012-13

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.342/Srt/2017 (Ay 2012-13) (Hearing In Physical Court) Jayantilal Vallabhbhai Income Tax Officer, Ramoliya, 33-134, Miranagar Ward-3(3)(2), Aaykar Bhavan, Vs Society, Varachha Road, Majura Gate, Surat-395001 Surat-395006 Pan No. Abipr 3365 A अपीलाथ"/Appellant ""थ" /Respondent

Section 143(3)Section 254(1)Section 269SSection 68

…आयकर अपीलीय अिधकरण, सुरत "ायपीठ, सुरत IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND Dr ARJUN LAL SAINI, ACCOUNTANT MEMBER आ.अ.सं./ITA No.342/SRT/2017 (AY 2012-13) (Hearing in Physical Court) Jayantilal Vallabhbhai Income Tax Officer, Ramoliya, 33-134, Miranagar Ward-3(3)(2), Aaykar Bhavan, Vs Society, Varachha Road, Majura Gate, Surat-395001 Surat-395006 PAN No. ABIPR 3365 A अपीलाथ"/Appellant ""थ" /Respondent िनधा"रती की ओर से /Assessee by Shri V.I. Rudalal, C.A & Shri Rushi Parekh, C.A राज" की ओर से /Revenue by Shri Vinod Kumar, Sr-DR सुनवाई की तारीख/Date…

DCIT, Circle-1(1)(2), Surat vs. Merrygold Gems Pvt. Ltd, Surat

In the result, the grounds of appeal raised by the revenue are dismissed

ITA 126/SRT/2020[2016-17]Status: DisposedITAT Surat11 Jan 2023AY 2016-17

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.126/Srt/2020 (Ay 2016-17) (Hearing In Virtual Court) Deputy Commissioner Of Merrygold Gems Pvt. Ltd., U-20, Jolly Square, Income-Tax, Circle-1(1)(2), Vs Ram Chowk, Ghod Dod Road, Room No.114, 1St Floor, Surat-395007 Aaykar Bhavan, Pan No. Aaicm 7912 L Majura Gate, Surat-395001 अपीलाथ"/Appellant ""थ" /Respondent

Section 143(3)Section 254(1)Section 269SSection 68

…आयकर अपीलीय अिधकरण, सुरत "ायपीठ, सुरत IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND Dr ARJUN LAL SAINI, ACCOUNTANT MEMBER आ.अ.सं./ITA No.126/SRT/2020 (AY 2016-17) (Hearing in Virtual Court) Deputy Commissioner of Merrygold Gems Pvt. Ltd., U-20, Jolly Square, Income-tax, Circle-1(1)(2), Vs Ram Chowk, Ghod Dod Road, Room No.114, 1st Floor, Surat-395007 Aaykar Bhavan, PAN No. AAICM 7912 L Majura Gate, Surat-395001 अपीलाथ"/Appellant ""थ" /Respondent िनधा"रती की ओर से /Assessee by Shri Prakash G Jhunjhunwala, C.A राज" की ओर से /Revenue by Shri H.P. Meena CIT-DR…

The Dy. Commr. of Income Tax, Cir.-2, Rajkot-Gujarat vs. Shri Hareshkumar Manilal Somaiya, Jamnagar

In the result, the appeal of the Revenue is hereby dismissed

ITA 191/RJT/2017[2012-13]Status: DisposedITAT Rajkot16 Nov 2022AY 2012-13

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmed, आयकर अपील सं./Ita No. 191/Rjt/2017 िनधा"रण वष"/Asstt. Years: 2012-2013 D.C.I.T., Shri Hareshkumar Manilal Somaiya, Circle-2, Vs. Prop Of Rohit Trading Co., Jamnagar. 3-B, Milap Chamber, Grain Market, Jamnagar.

For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri Sanjay Punglia, CIT. D.R
Section 144Section 194ASection 68

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, (Conducted through E-Court, Rajkot) BEFORE Ms. SUCHITRA KAMBLE, JUDICIAL MEMBER And SHRI WASEEM AHMED, ACCOUNTANT MEMBER, आयकर अपील सं./ITA No. 191/Rjt/2017 िनधा"रण वष"/Asstt. Years: 2012-2013 D.C.I.T., Shri Hareshkumar Manilal Somaiya, Circle-2, Vs. Prop of Rohit Trading Co., Jamnagar. 3-B, Milap Chamber, Grain Market, Jamnagar. PAN: AFHPS5215B Revenue by : Shri Sanjay Punglia, CIT. D.R Assessee by : Shri Mehul Ranpura, A.R सुनवाई क" तारीख/Date of Hearing : 25/08/2022 घोषणा क" तारीख /Date of Pronouncement: 16/11/2022 आदेश/O R D E R PE…

Assistant Commissioner of Income Tax, Circle- 4(1), Raipur vs. M/S Super Iron and Steel Pvt Ltd., Raipur

In the result, appeal of the revenue is partly allowed and Cross objection of the assessee is dismissed

ITA 261/RPR/2017[2010-11]Status: DisposedITAT Raipur31 Oct 2022AY 2010-11

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.261/Rpr/2017 ("नधा"रण वष" / Assessment Year :2010-2011) Acit-4(1), Raipur Vs M/S Super Iron & Steel Pvt. Ltd., Pritpal Farm House, Vip Road, Raipur(C.G.) Pan No. : Aaics 2579 R (अपीलाथ" /Appellant) .. (""यथ" / Respondent) & Cross Objection No.13/Rpr/2017 (Arising Out Of Ita No.261/Rpr/2017) ("नधा"रण वष" / Assessment Year :2010-2011) M/S Super Iron & Steel Pvt. Ltd., Vs Acit-4(1), Raipur Pritpal Farm House, Vip Road, Raipur(C.G.) Pan No. : Aaics 2579 R (अपीलाथ" /Appellant) (""यथ" / Respondent) ..

For Appellant: Shri Nikhilesh Begani, CAFor Respondent: Shri G.N.Singh, Sr. DR
Section 144Section 40Section 40A(2)(b)Section 68

…आयकर अपील"य अ"धकरण, रायपुर "यायपीठ, रायपुर IN THE INCOME TAX APPELLATE TRIBUNAL RAIPUR BENCH, RAIPUR "ी र"वश सूद, "या"यक सद"य एवं "ी अ"ण खोड़"पया, लेखा सद"य के सम" । BEFORE SHRI RAVISH SOOD, JM & SHRI ARUN KHODPIA, AM आयकर अपील सं./ITA No.261/RPR/2017 ("नधा"रण वष" / Assessment Year :2010-2011) ACIT-4(1), Raipur Vs M/s Super Iron and Steel Pvt. Ltd., Pritpal Farm House, VIP Road, Raipur(C.G.) PAN No. : AAICS 2579 R (अपीलाथ" /Appellant) .. (""यथ" / Respondent) AND Cross Objection No.13/RPR/2017 (Arising out of ITA No.261/RPR/2017) ("नधा"रण वष" / Assessment Year :2010-2011) M/s Super Iron and Steel Pvt. Ltd., Vs ACI…

ITO 12(3)(1), Mumbai vs. Ktg Developers Pvt Ltd, Mumbai

In the result, appeal by the Revenue is partly allowed for statistical purpose

ITA 4336/MUM/2019[2011-12]Status: DisposedITAT Mumbai10 Oct 2022AY 2011-12

Bench: Shri Vikas Awasthy& Shri Gagan Goyalआअसं.4336/मुं/2019(िन.व. 2011-12) Ito-12 (3) (1), Room No.147A, 1St Floor, Aayakarbhavan, M.K. Road, ...... अपीलाथ"/Appellant Mumbai-400 020 बनाम Vs. M/S. Ktg Developers Pvt. Ltd., Link Komal Co-Op Gh Society, Flat No.3, Plot No.81-A, Linking Road, Santacruz (W) Mumbai-400 054 Pan: Aacck-9929-R ..... "ितवादी/Respondent अपीलाथ" "ारा/ Appellant By : Shri Tejinder Pal Singh "ितवादी "ारा/Respondent By : Shri Jitendra Singh सुनवाई की ितिथ/ Date Of Hearing : 15/07/2022 घोषणा की ितिथ/ Date Of Pronouncement : 10/10/2022 आदेश/ Order

For Appellant: Shri Tejinder Pal SinghFor Respondent: Shri Jitendra Singh
Section 68

…आयकर अपीलीय अिधकरण मुंबई पीठ “एच्”, मुंबई "ी िवकास अव"थी, "ाियक सद" एव "ी गगन गोयल, लेखा सद" के सम" IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “H”, MUMBAI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER& SHRI GAGAN GOYAL, ACCOUNTANT MEMBER आअसं.4336/मुं/2019(िन.व. 2011-12) ITO-12 (3) (1), Room No.147A, 1st Floor, AayakarBhavan, M.K. Road, ...... अपीलाथ"/Appellant Mumbai-400 020 बनाम Vs. M/s. KTG Developers Pvt. Ltd., Link Komal Co-op GH Society, Flat No.3, Plot No.81-A, Linking Road, Santacruz (W) Mumbai-400 054 PAN: AACCK-9929-R ..... "ितवादी/Respondent अपीलाथ" "ारा/ Appellant by : Shri Tejinder Pal Singh "ि…

M/S. Ruchi Sarees Pvt. Ltd., Surat vs. Income Tax Officer, Ward 2(1)(1), Surat

In the result, ground No. 1 of the appeal is also dismissed

ITA 468/SRT/2018[2015-16]Status: DisposedITAT Surat30 Sept 2022AY 2015-16

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 147Section 148Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA Nos. 465, 466, 467 & 468/Srt/2018 (Assessment Years: 2012-13, 2013-14, 2014-15 & 2015-16) (Physical hearing) M/s Ruchi Sarees Pvt. Ltd., I.T.O. RMR & Co. (Chartered Accountants), Ward 2(1)(1), Vs. 7006, World trade Centre, 7th Floor, Surat. Ring Road, Near Udhna Darwaja, Surat-395002 (Gujarat). PAN: AAFCR 2660 H Appellant/ assessee Respondent/ revenue Assessee represented by Shri Rajesh C Shah, CA Department represented by Shri Anurag Dubey, Sr. DR Date of hearing 21/0…

M/S. Ruchi Sarees Pvt. Ltd., Surat vs. Income Tax Officer, Ward 2(1)(1), Surat

In the result, ground No. 1 of the appeal is also dismissed

ITA 467/SRT/2018[2014-15]Status: DisposedITAT Surat30 Sept 2022AY 2014-15

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 147Section 148Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA Nos. 465, 466, 467 & 468/Srt/2018 (Assessment Years: 2012-13, 2013-14, 2014-15 & 2015-16) (Physical hearing) M/s Ruchi Sarees Pvt. Ltd., I.T.O. RMR & Co. (Chartered Accountants), Ward 2(1)(1), Vs. 7006, World trade Centre, 7th Floor, Surat. Ring Road, Near Udhna Darwaja, Surat-395002 (Gujarat). PAN: AAFCR 2660 H Appellant/ assessee Respondent/ revenue Assessee represented by Shri Rajesh C Shah, CA Department represented by Shri Anurag Dubey, Sr. DR Date of hearing 21/0…

M/S. Ruchi Sarees Pvt. Ltd., Surat vs. Income Tax Officer, Ward 2(1)(1), Surat

In the result, ground No. 1 of the appeal is also dismissed

ITA 466/SRT/2018[2013-14]Status: DisposedITAT Surat30 Sept 2022AY 2013-14

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 147Section 148Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA Nos. 465, 466, 467 & 468/Srt/2018 (Assessment Years: 2012-13, 2013-14, 2014-15 & 2015-16) (Physical hearing) M/s Ruchi Sarees Pvt. Ltd., I.T.O. RMR & Co. (Chartered Accountants), Ward 2(1)(1), Vs. 7006, World trade Centre, 7th Floor, Surat. Ring Road, Near Udhna Darwaja, Surat-395002 (Gujarat). PAN: AAFCR 2660 H Appellant/ assessee Respondent/ revenue Assessee represented by Shri Rajesh C Shah, CA Department represented by Shri Anurag Dubey, Sr. DR Date of hearing 21/0…

M/S. Ruchi Sarees Pvt. Ltd., Surat vs. Income Tax Officer, Ward 2(1)(1), Surat

In the result, ground No. 1 of the appeal is also dismissed

ITA 465/SRT/2018[2012-13]Status: DisposedITAT Surat30 Sept 2022AY 2012-13

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 147Section 148Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA Nos. 465, 466, 467 & 468/Srt/2018 (Assessment Years: 2012-13, 2013-14, 2014-15 & 2015-16) (Physical hearing) M/s Ruchi Sarees Pvt. Ltd., I.T.O. RMR & Co. (Chartered Accountants), Ward 2(1)(1), Vs. 7006, World trade Centre, 7th Floor, Surat. Ring Road, Near Udhna Darwaja, Surat-395002 (Gujarat). PAN: AAFCR 2660 H Appellant/ assessee Respondent/ revenue Assessee represented by Shri Rajesh C Shah, CA Department represented by Shri Anurag Dubey, Sr. DR Date of hearing 21/0…

DCIT 4 (3)(1), Mumbai vs. Shri Mohit Keepak Kamboj, Mumbai

ITA 4285/MUM/2019[2010-11]Status: DisposedITAT Mumbai28 Sept 2022AY 2010-11

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alcpk2213Q (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) DCIT-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) ACIT, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5th Floor, Kamboj Vs. Aayakar Bhavan…

ACIT Cir-6(3)(2), Mumbai vs. Shri Mohit Deepak Kamboj, Mumbai

ITA 801/MUM/2018[2012-13]Status: DisposedITAT Mumbai28 Sept 2022AY 2012-13

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) DCIT-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) ACIT, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5th Floor, Kamboj Vs. Aayakar Bhavan…

DCIT 4 (3)(1), Mumbai vs. Mohit Deepak Kamboj, Mumbai

ITA 6384/MUM/2018[2010-11]Status: DisposedITAT Mumbai28 Sept 2022AY 2010-11

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) DCIT-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) ACIT, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5th Floor, Kamboj Vs. Aayakar Bhavan…

Income Tax Officer, Ward - 1(1)(4), Surat vs. M/S. Mansi Industries Pvt. Ltd., Surat

In the result, ground No.2 raised by the Revenue is dismissed

ITA 111/SRT/2017[2012-13]Status: DisposedITAT Surat19 Sept 2022AY 2012-13

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.111/Srt/2017 Assessment Year: (2012-13) (Physical Court Hearing) The Ito, Ward-1(1)(4), Vs. M/S. Mansi Industries Pvt. Ltd., Surat. Block No.80, Village. Navi Pardi, Tal: Kamrej, Dist. Surat. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aafcm6514M (Revenue)/(Assessee) (Assessee)/(Respondent) Assessee By Shri Rasesh Shah, Ca Respondent By Shri H. P. Meena, Cit(Dr) Date Of Hearing 14/07/2022 29/09/2022 Date Of Pronouncement

Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JM & DR. A. L. SAINI, AM आयकर अपील सं./ITA No.111/SRT/2017 Assessment Year: (2012-13) (Physical Court Hearing) The ITO, Ward-1(1)(4), Vs. M/s. Mansi Industries Pvt. Ltd., Surat. Block No.80, Village. Navi Pardi, Tal: Kamrej, Dist. Surat. "थायीलेखासं./जीआइआरसं./PAN/GIR No.: AAFCM6514M (Revenue)/(Assessee) (Assessee)/(Respondent) Assessee by Shri Rasesh Shah, CA Respondent by Shri H. P. Meena, CIT(DR) Date of Hearing 14/07/2022 29/09/2022 Date of Pronouncement आदेश / O R D E R PER DR. A. L. SAINI, AM: Captioned appeal filed by the Re…

The Asstt. Commr. of Income Tax, Morbi Circle, Morbi vs. M/S Vikas Sanitarywares, Morbi

In the result appeal of the Revenue is dismissed

ITA 396/RJT/2016[2013-14]Status: DisposedITAT Rajkot09 Sept 2022AY 2013-14

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 396/Rjt/2016 िनधा"रण वष"/Asstt. Years: 2013-2014

For Appellant: Shri Deepak Rindani, A.RFor Respondent: Shri B.D. Gupta, Sr. D.R
Section 68

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, RAJKOT BENCH, RAJKOT BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER, And SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER आयकर अपील सं./ITA No. 396/Rjt/2016 िनधा"रण वष"/Asstt. Years: 2013-2014 A.C.I.T., M/s Vikas Sanitarywares, Morbi Circle, Vs. Ghuntu Road, Morbi. Morbi. PAN: AABFV5687M Revenue by : Shri B.D. Gupta, Sr. D.R Assessee by : Shri Deepak Rindani, A.R सुनवाई क" तारीख/Date of Hearing : 01/07/2022 घोषणा क" तारीख /Date of Pronouncement: 09/09/2022 आदेश/O R D E R PER BENCH: The captioned appeal has been filed at the instance of the Rev…

DCIT Circle-3(3), Ahmedabad vs. Shri Alpeshkumar C.Patel, Ahmedabad

In the result, the appeal of the assessee is partly allowed

ITA 1991/AHD/2018[2011-12]Status: DisposedITAT Ahmedabad09 Sept 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1908/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 Alpeshkumar C. Patel, A.C.I.T., 503, Milestone Building, Vs. Circle-3(3), Drive In Road, Ahmedabad. Thaltej, Ahmedabad-380052. Pan: Aeapp9489G

For Appellant: Shri Deepak R. Shah, A.RFor Respondent: Shri Ajay Pratap Singh CIT. D.R with Shri V.K. Singh, Sr.D.R
Section 41(1)Section 54F

…आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’ C’’ BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER And SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER आयकर अपील सं./ITA No. 1908/AHD/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 Alpeshkumar C. Patel, A.C.I.T., 503, Milestone Building, Vs. Circle-3(3), Drive in Road, Ahmedabad. Thaltej, Ahmedabad-380052. PAN: AEAPP9489G And आयकर अपील सं./ITA No. 1991/AHD/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 D.C.I.T., Alpeshkumar C. Patel, Circle-2(1)(2), Vs. 503, Milestone Building, Ahmedabad. Drive in Road, Thaltej, Ahmedabad-380052. PAN: AEAPP9…

ACIT, Central Circle, Vapi vs. M/S. Shah Virchand Govanji Jewellers Pvt. Ltd, Surat

In the result, ground No. 2 of appeal raised by revenue is also dismissed

ITA 176/SRT/2020[2012-13]Status: DisposedITAT Surat08 Sept 2022AY 2012-13

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

For Respondent: “1. On the facts and circumstances o
Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA Nos. 175 & 176/Srt/2020 (Assessment Years: 2010-11 & 2012-13) (Hearing in Physical Court) A.C.I.T., M/s Shah Virchand Govanji Jewellers Central Circle, Pvt. Ltd., Vs. Vapi. Opp. Amba Mata Temple, Juna Thana, Valsad. PAN No. AADCS 2930 B Appellant/ assessee Respondent/ revenue C.O. No. 14 & 15/SRT/2020 (Arising out of ITA Nos. 175 & 176/Srt/2020) (AY: 2010-11 & 2012-13) M/s Shah Virchand Govanji A.C.I.T., Jewellers Pvt. Ltd., Central Circle, Vs. Opp. Amba Mata Temple, Ju…

ACIT, Central Circle, Vapi vs. M/S. Shah Virchand Govanji Jewellers Pvt. Ltd, Surat

In the result, ground No. 2 of appeal raised by revenue is also dismissed

ITA 175/SRT/2020[2010-11]Status: DisposedITAT Surat08 Sept 2022AY 2010-11

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

For Respondent: “1. On the facts and circumstances o
Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA Nos. 175 & 176/Srt/2020 (Assessment Years: 2010-11 & 2012-13) (Hearing in Physical Court) A.C.I.T., M/s Shah Virchand Govanji Jewellers Central Circle, Pvt. Ltd., Vs. Vapi. Opp. Amba Mata Temple, Juna Thana, Valsad. PAN No. AADCS 2930 B Appellant/ assessee Respondent/ revenue C.O. No. 14 & 15/SRT/2020 (Arising out of ITA Nos. 175 & 176/Srt/2020) (AY: 2010-11 & 2012-13) M/s Shah Virchand Govanji A.C.I.T., Jewellers Pvt. Ltd., Central Circle, Vs. Opp. Amba Mata Temple, Ju…

M/S. Hit Iron & Steel Pvt. Ltd., Mumbai vs. ITO, Ward-2(1)(3), Ahmedabad

In the result, the appeal of the assessee is allowed

ITA 379/AHD/2018[2009-10]Status: DisposedITAT Ahmedabad29 Aug 2022AY 2009-10
For Appellant: Shri S.N. Soparkar, A.RFor Respondent: Shri V.K. Singh, Sr. D.R
Section 147Section 148Section 234ASection 271Section 68

…THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “C” BENCH Before: Shri Waseem Ahmed, Accountant Member And Shri Siddhartha Nautiyal, Judicial Member ITA No. 379 /Ahd/2018 Assessment Year 2009-10 M/s. Hit Iron & Steel Pvt. ITO, Ltd. 21, Sea Breeze, 12, Ward-2(1)(3), Juhu Tara Road, Santacruz Vs Room No. 106, (West), Mumbai Navjivan Trust Bldg, PAN: AABCH4131N Off Ashram Road, (Appellant) Ahmedabad-14 (Respondent) Assessee by: Shri S.N. Soparkar, A.R. Revenue by: Shri V.K. Singh, Sr. D.R. Date of hearing : 08-06-2022 Date of pronouncement : 29-08-2022 आदेश/ORDER PER : SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER:-…

Manibhadra Securities Services Pvt. Ltd, Ahmedabad vs. ITO, Ward-2(1)(4), Ahmedabad

In the result, the appeal filed by the assessee is partly allowed

ITA 2507/AHD/2018[2013-14]Status: DisposedITAT Ahmedabad24 Aug 2022AY 2013-14

Bench: Smt.Suchitra Kamble & Shri Waseem Ahmed

For Appellant: Shri P.F. Jain, ARFor Respondent: Shri Alok Kumar, CIT-DR, and Shri V.K. Singh, Sr.DR
Section 133Section 133(6)Section 68

…आयकर अपीलीय अिधकरण आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ आयकर अपीलीय अिधकरण आयकर अपीलीय अिधकरण अहमदाबाद "यायपीठ अहमदाबाद "यायपीठ ‘C’ अहमदाबाद। अहमदाबाद "यायपीठ अहमदाबाद। अहमदाबाद। अहमदाबाद। IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, AHMEDABAD ] ] BEFORE SMT.SUCHITRA KAMBLE, JUDICIAL MEMBER AND SHRI WASEEM AHMED, ACCOUNTANT MEMBER ITA No.2507 and 1302/Ahd/2018 Assessment Year : 2013-14 and 2014-15 Manibhadra Securities Services P.Ltd. ITO, Ward-2(1)(4) 308, Gold Souk Complex Vs Ahmedabad. Behind Sapphire Tower C.G. Road, Ahmedabad. PAN : AAGCM 6009 A अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shr…