PCIT v. Ambe Tradecorp Pvt. Ltd.

145 Taxmann.com 27High Court2022#574 most cited

What is PCIT v. Ambe Tradecorp Pvt. Ltd. authority for?

No addition under section 68 can be made for a loan if the assessee furnishes material proving the identity of the loan givers, demonstrates they are not the beneficial owner, and has repaid the loan in a subsequent year.

169

judgments rely on this decision, according to BharatTax’s citation analysis of 367,154 Indian tax judgments — from 2023 to 2026.

Also referred to as

PCIT v. Ambe Tradecorp Pvt. Ltd. · Ambe Tradecorp · section 68 · cash credit addition · unexplained cash credit · identity of creditor · creditworthiness · genuineness of transaction · onus discharge · loan repayment · beneficial owner · section 133(6)

Sections most often in play

Section 68Section 133(6)Section 143(3)Section 148Section 69CSection 147Section 132Section 131
Read the full judgment

Issues it is cited on

addition under section 68creditworthiness of the creditorsource of sourceshell companycircular tradingbeneficial ownergenuineness of the transactionentry operatorunexplained cash creditmaterial facts necessary for assessmentsection 133(6)section 69c

Judgments citing PCIT v. Ambe Tradecorp Pvt. Ltd.

Jasdeep Kaur Chadha-Jalandhar, Punjab vs. Jao the DCIT Circle-4 Jalandhar, Punjab

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

ITA 250/ASR/2025[2018-2019]Status: DisposedITAT Amritsar22 Aug 2025AY 2018-2019

Bench: Sh. Udayan Das Gupta & Sh. Khettra Mohan Roy

Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR. BEFORE SH. UDAYAN DAS GUPTA, JUDICIAL MEMBER AND SH. KHETTRA MOHAN ROY, ACCOUNTANT MEMBER I.T.A. No. 250/Asr/2025 Assessment Year: 2018-19 Jasdeep Kaur Chadha, Vs. DCIT, Circle-4, Jalandhar, 5, Defence Colony, Jalandhar. Jalandhar City, Jalandhar. [PAN: AAMFJ9095L] (Respondent) (Appellant) I.T.A. No. 359/Asr/2025 Assessment Year: 2018-19 Asstt. Commissioner of Income Vs. Jasdeep Kaur Chadha, Tax, Jalandhar, 5, Defence Jalandhar. Colony, Jalandhar City, Jalandhar. [PAN: AAMFJ9095L] (Respondent) (Appellant) Appellant by Sh. Sudhir Sehgal, Adv.…

Assistant Commissioner of Income Tax, Central Circle-3, Surat vs. Massimo Enterprise, Surat

In the result, appeal of Revenue is dismissed and additional ground raised by the assessee is also dismissed

ITA 1111/SRT/2024[2013-14]Status: DisposedITAT Surat22 Aug 2025AY 2013-14

Bench: Ms. Suchitra Raghunath Kamble & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1107 & 1108/Srt/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid Hearing) Assistant Commissioner Of Jignesh Mahesh Amin बनाम/ Income-Tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5Th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aajpa 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1109/Srt/2024 Assessment Year: 2013-14 Assistant Commissioner Of Anupa Jignesh Amin बनाम/ Income-Tax, Central Circle- B-19, Ashirwad Residency Near Vs. 3, Surat, 5Th Floor, Aayakar China Gate, City Light, Surat-395 Bhawan, Majura Gate, 017 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Acspa 6502 F (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1111/Srt/2024 Assessment Year: 2013-14 (Hybrid Hearing) Assistant Commissioner Of Massimo Enterprise बनाम/ Income-Tax, Central Circle- Fp No.139, Orleaans, Near Sosyo Vs. 3, Surat, 5Th Floor, Aayakar Circle, Udhna Magdalla Road, Bhawan, Majura Gate, Surat-395 007 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aavfm 0143 M (अपीलाथ"/Appellant) (""थ" /Respondent)

Section 250Section 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE MS. SUCHITRA RAGHUNATH KAMBLE, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.1107 and 1108/SRT/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid hearing) Assistant Commissioner of Jignesh Mahesh Amin बनाम/ Income-tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./PAN/GIR No: AAJPA 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./ITA No.1109/SRT/2024 Assessment Year: 2013-14…

Assistant Commissioner of Income Tax, Central Circle-3, Surat vs. Anupa Jignesh Amin, Surat

In the result, appeal of Revenue is dismissed and additional ground raised by the assessee is also dismissed

ITA 1109/SRT/2024[2013-14]Status: DisposedITAT Surat22 Aug 2025AY 2013-14

Bench: Ms. Suchitra Raghunath Kamble & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1107 & 1108/Srt/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid Hearing) Assistant Commissioner Of Jignesh Mahesh Amin बनाम/ Income-Tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5Th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aajpa 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1109/Srt/2024 Assessment Year: 2013-14 Assistant Commissioner Of Anupa Jignesh Amin बनाम/ Income-Tax, Central Circle- B-19, Ashirwad Residency Near Vs. 3, Surat, 5Th Floor, Aayakar China Gate, City Light, Surat-395 Bhawan, Majura Gate, 017 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Acspa 6502 F (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1111/Srt/2024 Assessment Year: 2013-14 (Hybrid Hearing) Assistant Commissioner Of Massimo Enterprise बनाम/ Income-Tax, Central Circle- Fp No.139, Orleaans, Near Sosyo Vs. 3, Surat, 5Th Floor, Aayakar Circle, Udhna Magdalla Road, Bhawan, Majura Gate, Surat-395 007 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aavfm 0143 M (अपीलाथ"/Appellant) (""थ" /Respondent)

Section 250Section 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE MS. SUCHITRA RAGHUNATH KAMBLE, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.1107 and 1108/SRT/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid hearing) Assistant Commissioner of Jignesh Mahesh Amin बनाम/ Income-tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./PAN/GIR No: AAJPA 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./ITA No.1109/SRT/2024 Assessment Year: 2013-14…

Assistant Commissioner of Income Tax, Central Circle-3, Surat vs. Jignesh Mahesh Amin, Surat

In the result, appeal of Revenue is dismissed and additional ground raised by the assessee is also dismissed

ITA 1108/SRT/2024[2015-16]Status: DisposedITAT Surat22 Aug 2025AY 2015-16

Bench: Ms. Suchitra Raghunath Kamble & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1107 & 1108/Srt/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid Hearing) Assistant Commissioner Of Jignesh Mahesh Amin बनाम/ Income-Tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5Th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aajpa 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1109/Srt/2024 Assessment Year: 2013-14 Assistant Commissioner Of Anupa Jignesh Amin बनाम/ Income-Tax, Central Circle- B-19, Ashirwad Residency Near Vs. 3, Surat, 5Th Floor, Aayakar China Gate, City Light, Surat-395 Bhawan, Majura Gate, 017 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Acspa 6502 F (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1111/Srt/2024 Assessment Year: 2013-14 (Hybrid Hearing) Assistant Commissioner Of Massimo Enterprise बनाम/ Income-Tax, Central Circle- Fp No.139, Orleaans, Near Sosyo Vs. 3, Surat, 5Th Floor, Aayakar Circle, Udhna Magdalla Road, Bhawan, Majura Gate, Surat-395 007 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aavfm 0143 M (अपीलाथ"/Appellant) (""थ" /Respondent)

Section 250Section 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE MS. SUCHITRA RAGHUNATH KAMBLE, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.1107 and 1108/SRT/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid hearing) Assistant Commissioner of Jignesh Mahesh Amin बनाम/ Income-tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./PAN/GIR No: AAJPA 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./ITA No.1109/SRT/2024 Assessment Year: 2013-14…

Assistant Commissioner of Income Tax, Central Circle-3, Surat vs. Jignesh Mahesh Amin, Surat

In the result, appeal of Revenue is dismissed and additional ground raised by the assessee is also dismissed

ITA 1107/SRT/2024[2014-15]Status: DisposedITAT Surat22 Aug 2025AY 2014-15

Bench: Ms. Suchitra Raghunath Kamble & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1107 & 1108/Srt/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid Hearing) Assistant Commissioner Of Jignesh Mahesh Amin बनाम/ Income-Tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5Th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aajpa 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1109/Srt/2024 Assessment Year: 2013-14 Assistant Commissioner Of Anupa Jignesh Amin बनाम/ Income-Tax, Central Circle- B-19, Ashirwad Residency Near Vs. 3, Surat, 5Th Floor, Aayakar China Gate, City Light, Surat-395 Bhawan, Majura Gate, 017 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Acspa 6502 F (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./Ita No.1111/Srt/2024 Assessment Year: 2013-14 (Hybrid Hearing) Assistant Commissioner Of Massimo Enterprise बनाम/ Income-Tax, Central Circle- Fp No.139, Orleaans, Near Sosyo Vs. 3, Surat, 5Th Floor, Aayakar Circle, Udhna Magdalla Road, Bhawan, Majura Gate, Surat-395 007 Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aavfm 0143 M (अपीलाथ"/Appellant) (""थ" /Respondent)

Section 250Section 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE MS. SUCHITRA RAGHUNATH KAMBLE, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.1107 and 1108/SRT/2024 Assessment Years: 2014-15 & 2015-16 (Hybrid hearing) Assistant Commissioner of Jignesh Mahesh Amin बनाम/ Income-tax, Central Circle- 418, Royal Trading Tower, Nr. Vs. 3, Surat, 5th Floor, Aayakar Ratan Cinema, Salabatpura, Surat- Bhawan, Majura Gate, 395 003 Surat-395 001 "थायीलेखासं./जीआइआरसं./PAN/GIR No: AAJPA 2349 H (अपीलाथ"/Appellant) (""थ" /Respondent) आयकर अपील सं./ITA No.1109/SRT/2024 Assessment Year: 2013-14…

Shhlok Triton Associates, Surat vs. Pr. Commissioner of Income Tax, Surat

In the result, the appeal of the appellant is allowed

ITA 638/SRT/2024[2014-15]Status: DisposedITAT Surat19 Aug 2025AY 2014-15

Bench: Shri Sanjay Garg & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.638/Srt/2024 Assessment Year:(2014-15) (Hybrid Hearing) M/S Shhlok Triton Associates, Vs. Pcit – 1, F.P. No. 388, Paikee Udhna Surat Darwaja, Ring Road, Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aclfs6819A (Appellant) (Respondent) Appellant By Shri P. M. Jagasheth, Ca Respondent By Shri Mukesh Jain, Cit (Dr) Date Of Hearing 18/06/2025 Date Of Pronouncement 19/08/2025

Section 143(3)Section 253(3)Section 263

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.638/SRT/2024 Assessment Year:(2014-15) (Hybrid Hearing) M/s Shhlok Triton Associates, Vs. PCIT – 1, F.P. No. 388, Paikee Udhna Surat Darwaja, Ring Road, Surat "थायीलेखासं./जीआइआरसं./PAN/GIR No: ACLFS6819A (Appellant) (Respondent) Appellant by Shri P. M. Jagasheth, CA Respondent by Shri Mukesh Jain, CIT (DR) Date of Hearing 18/06/2025 Date of Pronouncement 19/08/2025 आदेश / O R D E R PER BIJAYANANDA PRUSETH, AM: This appeal by the assessee emanate…

DCIT, CC-2(4), Kolkata vs. M/S Balaji Agro Pvt. Ltd., Kolkata

In the result, the appeal of the Revenue is dismissed

ITA 842/KOL/2025[2019-20]Status: DisposedITAT Kolkata30 Jul 2025AY 2019-20

Bench: Shri Rajesh Kumar, Am & Shripradip Kumar Choubey, Jm Dcit, Central Circle-2(4), M/S Balaji Agro Pvt. Ltd. Aaykar Bhavan Poorva, A5-6 Sarkarpool Maheshtala, 4Th Floor, 110 Shantipally, E.M. New Budge Budge Trunk Rd. Vs. Bypass, Kolkata-700107 Gopalpur 24 Paraganas South West Bengal Kolkata-700143, West Bengal (Appellant) (Respondent) Pan No. Aabcb9078M Assessee By : Shri Miraj D Shah, Ar Revenue By : Shri Raja Sengupta, Dr Date Of Hearing: 16.07.2025 Date Of Pronouncement: 30.07.2025

For Appellant: Shri Miraj D Shah, ARFor Respondent: Shri Raja Sengupta, DR
Section 132Section 133(6)Section 139(1)Section 143(2)Section 153ASection 43ASection 68Section 69C

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA BEFORE SHRI RAJESH KUMAR, AM AND SHRIPRADIP KUMAR CHOUBEY, JM DCIT, Central Circle-2(4), M/s Balaji Agro Pvt. Ltd. Aaykar Bhavan Poorva, A5-6 Sarkarpool Maheshtala, 4th Floor, 110 Shantipally, E.M. New Budge Budge Trunk Rd. Vs. Bypass, Kolkata-700107 Gopalpur 24 Paraganas South West Bengal Kolkata-700143, West Bengal (Appellant) (Respondent) PAN No. AABCB9078M Assessee by : Shri Miraj D Shah, AR Revenue by : Shri Raja Sengupta, DR Date of hearing: 16.07.2025 Date of pronouncement: 30.07.2025 O R D E R Per Rajesh Kumar, AM: This is an appeal preferred by t…

DCIT, Central Circle-3(1), Kolkata vs. Gateway Financial Services Limited, Kolkata

In the result, appeal of the revenue is dismissed

ITA 1146/KOL/2023[2016-17]Status: DisposedITAT Kolkata30 Jul 2025AY 2016-17

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyआयकर अपील सं/Ita No.1146/Kol/2023 (नििाारण वर्ा / Assessment Year : 2016-2017) Dcit, Central Circle-3(1), Vs Gateway Financial Services Ltd, Kolkata 2Nd Floor, Room No.209-210, Jasmine Tower, 31, Shakespeare Sarani, West Bengal-700017 Pan No. :Aabcg 1634 L (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) राजस्वकीओरसे /Revenue By : Shri P.N. Barnwal, Cit-Dr नििााररतीकीओरसे /Assessee By : Shri Akkal Dudhwewala, Fca सुिवाई की तारीख / Date Of Hearing : 09/07/2025 घोर्णा की तारीख/Date Of Pronouncement : 30/07/2025 आदेश / O R D E R Per Rajesh Kumar, Am: This Is An Appeal Filed By The Revenue Against The Order Dated 27.07.2023, Passed By The Ld. Cit(A), Kolkata-21, For The Assessment Year 2016-2017. 2. This Appeal Is Barred By 25 Days. Looking To The Facts & Circumstances Of The Case, The Delay Of 25 Days In Filing The Appeal Is Condoned & The Appeal Is Admitted & Disposed Off Accordingly. 3. The Only Issue Raised By The Revenue Is Against The Deleting The Addition Of Rs.15.05 Crores By The Ld. Cit(A) As Made By The Ao U/S.68 Of The Act In Respect Of Unsecured Loan Received By The Assessee During The Year.

For Appellant: Shri Akkal Dudhwewala, FCAFor Respondent: Shri P.N. Barnwal, CIT-DR
Section 133(6)Section 147Section 148Section 68Section 69C

…आयकर अपीलीय अधिकरण,“बी” न्यायपीठ,कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, KOLKATA BEFORE SHRI RAJESH KUMAR, ACCOUNTANT MEMBER AND SHRI PRADIP KUMAR CHOUBEY, JUDICIAL MEMBER आयकर अपील सं/ITA No.1146/KOL/2023 (नििाारण वर्ा / Assessment Year : 2016-2017) DCIT, Central Circle-3(1), Vs Gateway Financial Services Ltd, Kolkata 2nd Floor, Room No.209-210, Jasmine Tower, 31, Shakespeare Sarani, West Bengal-700017 PAN No. :AABCG 1634 L (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) राजस्वकीओरसे /Revenue by : Shri P.N. Barnwal, CIT-DR नििााररतीकीओरसे /Assessee by : Shri Akkal Dudhwewala, FCA सुिवाई की ता…

Vinayakaanjney Impex Private Limited, Rajkot vs. The Assistant Commissioner of Income Tax, Circle-2(1), Rajkot

In the result, appeal filed by the assessee is treated as allowed for statistical purposes

ITA 172/RJT/2024[2017-18]Status: DisposedITAT Rajkot28 Jul 2025AY 2017-18

Bench: DR. ARJUN LAL SAINI (Accountant Member), SHRI DINESH MOHAN SINHA (Judicial Member)

For Appellant: Shri D.M. Rindani, Ld. ARFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr-DR
Section 143(3)Section 250Section 68

…आयकर अपील"य अ"धकरण, राजकोट "यायपीठ, राजकोट। IN THE INCOME TAX APPELLATE TRIBUNAL, RAJKOT BENCH, RAJKOT BEFORE DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER AND SHRI DINESH MOHAN SINHA, JUDICIAL MEMBER आयकर अपील सं/.ITA No.172/RJT/2024 "नधा"रण वष"/ Assessment Year: 2017-18 Vinayakaanjney Impex Pvt. Assistant Commissioner of Ltd. बनाम/ Income-tax, Circle-2(1), Rajkot, Jay Meenagali, Mandvi Aayakar Bhavan, Race Course Vs. Chowk, Nava Naka Road, Ring Road, Rajkot-360 001 Rajkot-360 001 "थायीलेखासं /.जीआइआरसं /.PAN/GIR No.: AACCV 0318 D (अपीलाथ" /Appellant) (""यथ" /Respondent) "नधा"रती क" ओर से/Assessee by : Shri D.M. Rinda…

Deputy Commissioner of Income Tax, Central Circle-2(3), Kolkata, Aayakar Bhawan Poorva vs. Dailmer Industries Private Limited, Kolkata

In the result, the appeal of the Revenue is dismissed

ITA 276/KOL/2025[2021-22]Status: DisposedITAT Kolkata25 Jul 2025AY 2021-22

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Dy. Commissioner Of Income Dailmer Industries Private Tax, Central Circle-2(3), Limited 4Th Floor, Room No. 403, 67/C, Balaram Dey Street, Vs. Kolkata-700107, West Bengal Kolkata-700006, West Bengal (Appellant) (Respondent) Pan No. Aabcd0836D Assessee By : S/Shri Soumitra Choudhury & Nirav Sheth, Ars Revenue By : Shri Raja Sengupta, Dr Date Of Hearing: 20.05.2025 Date Of Pronouncement: 25.07.2025

For Appellant: S/Shri Soumitra Choudhury &For Respondent: Shri Raja Sengupta, DR
Section 132(1)Section 132(4)Section 133(6)Section 133ASection 143(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA BEFORE SHRI RAJESH KUMAR, AM AND SHRI PRADIP KUMAR CHOUBEY, JM Dy. Commissioner of Income Dailmer Industries Private Tax, Central Circle-2(3), Limited 4th Floor, Room No. 403, 67/C, Balaram Dey Street, Vs. Kolkata-700107, West Bengal Kolkata-700006, West Bengal (Appellant) (Respondent) PAN No. AABCD0836D Assessee by : S/Shri Soumitra Choudhury & Nirav Sheth, ARs Revenue by : Shri Raja Sengupta, DR Date of hearing: 20.05.2025 Date of pronouncement: 25.07.2025 O R D E R Per Rajesh Kumar, AM: This is an appeal preferred by the Revenue against the order of th…

Bsas Infortech Limited, Surat vs. Assistant Commissioner of Income Tax, Circle - 1(1)(1), Surat

In the result, appeal filed by the assessee is treated as allowed

ITA 226/SRT/2024[2016-17]Status: DisposedITAT Surat15 Jul 2025AY 2016-17

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL SURAT BENCH, SURAT (HYBRID HEARING) BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER I.T.A. Nos. 224 to 226/SRT/2024 (Assessment Years: 2011-12, 2015-16 & 2016-17) BSAS Infotech Ltd., Vs. Deputy/Assistant B-319, L.B. Apartment, Commissioner of Income Tax, Salabatpura, Surat-395002 Circle-1(1)(1), Surat [PAN No.AADCB4202B] (Appellant) .. (Respondent) Appellant by : Shri P M Jagasheth, CA Respondent by: Shri Ajay Uke, Sr. DR 10.07.2025 Date of Hearing Date of Pronouncement .07.2025 O R D E R PER SIDDHARTHA NAUTIYAL, JUDICIAL MEMBE…

Bsas Infotech Limited, Surat vs. Dy. Commissioner of Income Tax, Circle - 1(1)(1), Surat

In the result, appeal filed by the assessee is treated as allowed

ITA 225/SRT/2024[2015-16]Status: DisposedITAT Surat15 Jul 2025AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL SURAT BENCH, SURAT (HYBRID HEARING) BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER I.T.A. Nos. 224 to 226/SRT/2024 (Assessment Years: 2011-12, 2015-16 & 2016-17) BSAS Infotech Ltd., Vs. Deputy/Assistant B-319, L.B. Apartment, Commissioner of Income Tax, Salabatpura, Surat-395002 Circle-1(1)(1), Surat [PAN No.AADCB4202B] (Appellant) .. (Respondent) Appellant by : Shri P M Jagasheth, CA Respondent by: Shri Ajay Uke, Sr. DR 10.07.2025 Date of Hearing Date of Pronouncement .07.2025 O R D E R PER SIDDHARTHA NAUTIYAL, JUDICIAL MEMBE…

Bsas Infotech Limited, Surat vs. Dy. Commissioner of Income Tax, Circle -1(1)(1), Surat

In the result, appeal filed by the assessee is treated as allowed

ITA 224/SRT/2024[2011-12]Status: DisposedITAT Surat15 Jul 2025AY 2011-12

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL SURAT BENCH, SURAT (HYBRID HEARING) BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER I.T.A. Nos. 224 to 226/SRT/2024 (Assessment Years: 2011-12, 2015-16 & 2016-17) BSAS Infotech Ltd., Vs. Deputy/Assistant B-319, L.B. Apartment, Commissioner of Income Tax, Salabatpura, Surat-395002 Circle-1(1)(1), Surat [PAN No.AADCB4202B] (Appellant) .. (Respondent) Appellant by : Shri P M Jagasheth, CA Respondent by: Shri Ajay Uke, Sr. DR 10.07.2025 Date of Hearing Date of Pronouncement .07.2025 O R D E R PER SIDDHARTHA NAUTIYAL, JUDICIAL MEMBE…

DCIT, Circle-1(3), Surat, Anavil Business Centre, Adajan vs. Shri Asfaq Hajiyunus Noorani, Rander

In the result, appeal of the revenue is dismissed

ITA 716/SRT/2023[2018-19]Status: DisposedITAT Surat30 Jun 2025AY 2018-19

Bench: Ms Suchitra Raghunath Kamble & Shri Bijayananda Prusethआयकर अपील सं./Ita No.716/Srt/2023 Assessment Year: (2018-19) (Hybrid Hearing) Dcit, Vs. Asfaq Hajiyunus Noorani, Circle – 1(3), 1, Abdullah Park, Gorat Road, Surat Rander, Surat - 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aaopn6148A (Appellant) (Respondent) Appellant By Shri Mukesh Jain, Cit-Dr Respondent By Shri Suresh K. Kabra, Ca Date Of Hearing 05/06/2025 Date Of Pronouncement 30/06/2025

Section 133(6)Section 250Section 250(2)Section 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE MS SUCHITRA RAGHUNATH KAMBLE, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.716/SRT/2023 Assessment Year: (2018-19) (Hybrid Hearing) DCIT, Vs. Asfaq Hajiyunus Noorani, Circle – 1(3), 1, Abdullah Park, Gorat Road, Surat Rander, Surat - 395009 "थायीलेखासं./जीआइआरसं./PAN/GIR No: AAOPN6148A (Appellant) (Respondent) Appellant by Shri Mukesh Jain, CIT-DR Respondent by Shri Suresh K. Kabra, CA Date of Hearing 05/06/2025 Date of Pronouncement 30/06/2025 आदेश / O R D E R PER BIJAYANANDA PRUSETH, AM: This appeal by the re…

Income Tax Officer-1, Morena vs. Shri Agrasen Logistics, Jotai Road, Porsa

In the result, the appeal of the Revenue is dismissed

ITA 108/AGR/2025[2022-23]Status: DisposedITAT Agra24 Jun 2025AY 2022-23

Bench: Shri Sunil Kumar Singh & Shri Manish Agarwal

Section 143(2)Section 143(3)Section 250Section 68

…h respect to the receipt of the same. For this, he placed reliance on the following judicial pronouncements: 1. [2011] 15 Taxmann.com 70 CIT vs. Karaj Singh (Punjab & Haryana) 2. [2024] 164 Taxmann.com 764 PCIT vs. Merrygold Gems (P.) Ltd. (Gujarat) 3. [2022] 145 Taxmann.com 27 PCIT vs. Ambe Tradecorp (P.) Ltd. (Gujarat) 4. [2022] 140 Taxmann.com 370 Rajhans Construction (P.) Ltd. vs. ACIT (ITAT, Surat) 5. DCIT vs. Tripoli Management Pvt. Ltd. in ITA No. 05/AHD/2024 (ITAT Ahmedabad) order dated 01.08.2024. 9. Ld. AR further submitted that if the AO had any doubts about the genuniness of the transactions or regard…

Navin Motors & Estate, Ahmedabad vs. The Income Tax Officer, Ward-5(2)(5), Ahmedabad

In the result, the appeal of the assessee is allowed

ITA 327/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad18 Jun 2025AY 2017-18

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2017-18

For Appellant: Shri Tushar Hemani, Sr. A.RFor Respondent: Shri B.P. Srivastava, Sr. D.R
Section 131Section 133(6)Section 142(1)Section 143(2)Section 234ASection 271ASection 68

…THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “A” BENCH Before Dr. BRR Kumar, Vice President And Ms. Suchitra Kamble, Judicial Member Assessment Year 2017-18 Navin Motors & Estate, The ITO, 16 to 20, Ganesh Ward-5(2)(5) Complex, Opp. Navrang Vs Ahmedabad School, Naranpura, (Respondent) Ahmedabad, Gujarat-380013 PAN: AAOFM6995Q (Appellant) Assessee by: Shri Tushar Hemani, Sr. A.R. Revenue by: Shri B.P. Srivastava, Sr. D.R. Date of hearing : 08-05-2025 Date of pronouncement : 18-06-2025 आदेश/ORDER Per Suchitra Kamble, Judicial Member: This is an appeal filed against the order dated 28-12- 2023 passed b…

ACIT, Circle-1, Bhavnagar vs. Leela News Network Private Limited, Bhavnagar, Gujarat

In the result the appeal filed by the Revenue is hereby dismissed

ITA 1714/AHD/2024[2018-19]Status: DisposedITAT Ahmedabad26 May 2025AY 2018-19

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

Section 115BSection 132Section 147Section 148Section 148ASection 68

…IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “B” BENCH Before: DR. BRR Kumar, Vice President And Shri T. R. Senthil Kumar, Judicial Member ITA No: 1714/Ahd/2024 Assessment Year: 2018-19 The ACIT, Leela News Network Circle-1, Private Limited Bhavnagar Vs 2nd Floor, Income Tax Office, (Appellant) Near Jashonath Chowk, Bhavnagar Gujarat-364001 PAN: AABCL2110J (Respondent) Revenue Represented: Shri V. Nandakumar, CIT-DR Assessee Represented: Shri Tushar Hemani, Sr. Adv. & Shri Parimalsinh B. Parmar, A.R. Date of hearing : 19-03-2025 Date of pronouncement : 26-05-2025 आदेश/ORDER PER : T.R. SENTHIL KUMAR,…

Ketan Harshadrai Mehta, Mumbai vs. Income Tax Officer Ward, 1(2)(5), Kalyan

In the result, the appeal of assessee is allowed

ITA 5449/MUM/2024[2017-18]Status: DisposedITAT Mumbai16 May 2025AY 2017-18

Bench: Shri Pawan Singh&Girish Agrawal(Physical Hearing) Ketanharshadrai Mehta Ito,Ward-1(2)(5), 67/2, Baliramganpatmahatre Bldg. Vs Kalyanmohan Plaza, Kongaon, Bhiwandi, Wayale Nagar, Khadakpada, Maharashtra-421311. Kalyan(W). [Pan No. Aajpm 9528 L Appellant / Assessee Respondent / Revenue

Section 254(1)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER &GIRISH AGRAWAL, ACCOUNTANT MEMBER (Physical hearing) KetanHarshadrai Mehta ITO,Ward-1(2)(5), 67/2, BaliramGanpatMahatre Bldg. Vs KalyanMohan Plaza, Kongaon, Bhiwandi, Wayale Nagar, Khadakpada, Maharashtra-421311. Kalyan(W). [PAN No. AAJPM 9528 L Appellant / Assessee Respondent / Revenue Assessee by Shri Devendra Jain Advocate Revenue by Shri Rajesh Meshram, Sr. DR Date of institution of appeal 18.10.2024 Date of hearing 26.03.2025 Date of pronouncement 16.05.2025 Order under section 254(1) of Income Tax Act PER P…

ACIT, CC-2(1), Kolkata vs. Manish Sharma, Kolkata

In the result, both the appeals filed by the revenue are dismissed

ITA 2210/KOL/2024[2017-18]Status: DisposedITAT Kolkata15 May 2025AY 2017-18

Bench: Shri Pradip Kumar Choubey&Shri Rakesh Mishra]

Section 132Section 139Section 143(1)Section 153ASection 68

…आयकर अपील"य अ"धकरण, कोलकाता पीठ “बी’’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH: KOLKATA "ी "द"प कुमार चौबे, "या"यक सद"य एवं "ी राकेश "म", लेखा सट"य के सम" [Before Shri Pradip Kumar Choubey,Judicial Member &Shri Rakesh Mishra, Accountant Member] I.T.A. Nos. 2209 & 2210/Kol/2024 Assessment Years: 2012-13 & 2017-18 ACIT, Central Circle-2(1), Kolkata Vs. Manish Sharma (PAN: AQCPS 7085 H) ( अपीलाथ" ) Respondent / ""यथ" Appellant / Date of Hearing / सुनवाई 23.04.2025 क" "त"थ Date of Pronouncement/ 15.05.2025 आदेश उ"घोषणा क" "त"थ For the assessee / Shri Akshay Ringasia, CA "नधा"रती क" ओर से For the rev…

ACIT, CC - 2(1), Kolkata vs. Manish Sharma, Kolkata

In the result, both the appeals filed by the revenue are dismissed

ITA 2209/KOL/2024[2012-13]Status: DisposedITAT Kolkata15 May 2025AY 2012-13

Bench: Shri Pradip Kumar Choubey&Shri Rakesh Mishra]

Section 132Section 139Section 143(1)Section 153ASection 68

…आयकर अपील"य अ"धकरण, कोलकाता पीठ “बी’’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH: KOLKATA "ी "द"प कुमार चौबे, "या"यक सद"य एवं "ी राकेश "म", लेखा सट"य के सम" [Before Shri Pradip Kumar Choubey,Judicial Member &Shri Rakesh Mishra, Accountant Member] I.T.A. Nos. 2209 & 2210/Kol/2024 Assessment Years: 2012-13 & 2017-18 ACIT, Central Circle-2(1), Kolkata Vs. Manish Sharma (PAN: AQCPS 7085 H) ( अपीलाथ" ) Respondent / ""यथ" Appellant / Date of Hearing / सुनवाई 23.04.2025 क" "त"थ Date of Pronouncement/ 15.05.2025 आदेश उ"घोषणा क" "त"थ For the assessee / Shri Akshay Ringasia, CA "नधा"रती क" ओर से For the rev…