Principal CIT v. Vaishnodevi Refoils & Solvex

96 Taxmann.com 469Supreme Court of India2018#2501 most cited

What is Principal CIT v. Vaishnodevi Refoils & Solvex authority for?

For an addition under Section 68 concerning capital introduction by a partner, the assessee is not required to prove the source of funds of the immediate creditor or lender. The Supreme Court affirmed this principle, limiting the assessee's onus to establishing identity, genuineness, and the creditor's immediate creditworthiness.

47

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2018 to 2026.

Also referred to as

Pr CIT v Vaishnodevi Refoils & Solvex · 96 Taxmann.com 469 · Section 68 · source of source · onus of proof · creditworthiness of creditor · capital introduction by partner · unexplained cash credit · Supreme Court · SLP dismissed

Sections most often in play

Section 68Section 143(3)Section 147Section 153ASection 148Section 131Section 132Section 133(6)

Issues it is cited on

section 131(1)source of sourcepermanent account numberonus of proofshell companypaper companysection 39creditworthiness of the creditoraccumulated profitsprincipal officerentry operatoron-money

Judgments citing Principal CIT v. Vaishnodevi Refoils & Solvex

CLAYMINE MICRONS LLP,WANKANER vs. PRINCIPAL CIT 1, RAJKOT

In the result, the appeal of the assessee in ITA No

ITA 216/RJT/2024[2018-19]Status: DisposedITAT Rajkot11 Mar 2026AY 2018-19

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकर अपील सं. / Ita No. 216/Rjt/2024 Assessment Year: (2018-19) (Physical Hearing) Claymine Microns Llp Vs. Pcit Survey No. 59 At Ratavirda, Nr. Capron Aayakar Bhawan, Race Course Ceramic Sartanpar Road, Wankaner, Ring Road, Rajkot, Gujarat - Gujarat - 363641 360001 Pan/Gir No.: Aamfc4286C (Assessee) (Respondent) िनधा"रती की ओर से/Assessee By : Shri Hardik Vora, Ar राज" की ओर से/Respondent By : Shri Sanjay Punglia, Cit. Dr सुनवाई की तारीख/Date Of Hearing : 16/02/2026 घोषणा की तारीख/Date Of Pronouncement : 11/03/2026

For Appellant: Shri Hardik Vora, ARFor Respondent: Shri Sanjay Punglia, CIT. DR
Section 143(3)Section 263Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL, RAJKOT BENCH, RAJKOT BEFORE DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER AND DR. DINESH MOHAN SINHA, JUDICIAL MEMBER आयकर अपील सं. / ITA No. 216/RJT/2024 Assessment Year: (2018-19) (Physical Hearing) Claymine Microns LLP Vs. PCIT Survey No. 59 at Ratavirda, Nr. Capron Aayakar Bhawan, Race Course Ceramic Sartanpar Road, Wankaner, Ring Road, Rajkot, Gujarat - Gujarat - 363641 360001 PAN/GIR No.: AAMFC4286C (Assessee) (Respondent) िनधा"रती की ओर से/Assessee by : Shri Hardik Vora, AR राज" की ओर से/Respondent by : Shri Sanjay Punglia, CIT. DR सुनवाई की तारीख/Date of Hearing : 16/02/2026…

ANJANA CONSTRUCTION,NIMBAHERA vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR

In the result, revenue’s appeal bearing ITA No

ITA 455/JODH/2024[2015-16]Status: DisposedITAT Jodhpur29 Sept 2025AY 2015-16

Bench: Dr. Mitha Lal Meena & Shri Anikesh Banerjee

For Respondent: Shri Sakar Sharma
Section 132Section 143(3)Section 153CSection 250Section 292C

…IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH, JODHPUR BEFORE DR. MITHA LAL MEENA, ACCOUNTANT MEMBER AND SHRI ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A. 453/Jodh/2024 - A.Y. 2014-15 I.T.A. 455/Jodh/2024 - A.Y. 2015-16 Anjana Construction, vs Asst. Commissioner of Income Tax, Chittorgarh, Petch Area, Dak Central Circle-1, Udaipur, Bungalow Road, Nibahera-312 Rajasthan 601 PAN: AADFA1389B APPELLANT RESPONDENT I.T.A. 313/Jodh/2024 (Assessment Year: A.Y. 2017-18) Asst. Commissioner of Income vs Anjana Construction, Tax, Central Circle-1, Udaipur, Chittorgarh, Petch Area, Dak Rajasthan Bungalow Road, Nibahera-3…

ANJANA CONSTRUCTION,NIMBAHERA vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR

In the result, revenue’s appeal bearing ITA No

ITA 453/JODH/2024[2014-15]Status: DisposedITAT Jodhpur29 Sept 2025AY 2014-15

Bench: Dr. Mitha Lal Meena & Shri Anikesh Banerjee

For Respondent: Shri Sakar Sharma
Section 132Section 143(3)Section 153CSection 250Section 292C

…IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH, JODHPUR BEFORE DR. MITHA LAL MEENA, ACCOUNTANT MEMBER AND SHRI ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A. 453/Jodh/2024 - A.Y. 2014-15 I.T.A. 455/Jodh/2024 - A.Y. 2015-16 Anjana Construction, vs Asst. Commissioner of Income Tax, Chittorgarh, Petch Area, Dak Central Circle-1, Udaipur, Bungalow Road, Nibahera-312 Rajasthan 601 PAN: AADFA1389B APPELLANT RESPONDENT I.T.A. 313/Jodh/2024 (Assessment Year: A.Y. 2017-18) Asst. Commissioner of Income vs Anjana Construction, Tax, Central Circle-1, Udaipur, Chittorgarh, Petch Area, Dak Rajasthan Bungalow Road, Nibahera-3…

ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR vs. ANJANA CONSTRUCTION, CHITTORGARH

In the result, revenue’s appeal bearing ITA No

ITA 313/JODH/2024[2017-18]Status: DisposedITAT Jodhpur29 Sept 2025AY 2017-18

Bench: Dr. Mitha Lal Meena & Shri Anikesh Banerjee

For Respondent: Shri Sakar Sharma
Section 132Section 143(3)Section 153CSection 250Section 292C

…IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH, JODHPUR BEFORE DR. MITHA LAL MEENA, ACCOUNTANT MEMBER AND SHRI ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A. 453/Jodh/2024 - A.Y. 2014-15 I.T.A. 455/Jodh/2024 - A.Y. 2015-16 Anjana Construction, vs Asst. Commissioner of Income Tax, Chittorgarh, Petch Area, Dak Central Circle-1, Udaipur, Bungalow Road, Nibahera-312 Rajasthan 601 PAN: AADFA1389B APPELLANT RESPONDENT I.T.A. 313/Jodh/2024 (Assessment Year: A.Y. 2017-18) Asst. Commissioner of Income vs Anjana Construction, Tax, Central Circle-1, Udaipur, Chittorgarh, Petch Area, Dak Rajasthan Bungalow Road, Nibahera-3…

DCIT CC 7(3), MUMBAI vs. SMT. SAKHIBEN PATEL, MUMBAI

In the result, appeal of the Revenue stands dismissed

ITA 1596/MUM/2019[2013-14]Status: DisposedITAT Mumbai19 Sept 2025AY 2013-14

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar & Deputy Commissioner Of V/S. Smt. Sakhiben Patel, Income Tax, Central Circle बनाम 601, 6Th Floor, Petit Towers, –7(3), Room No. 655, 6Th August Kranti Marg, Kemps Floor, Aaykar Bhawan, M.K. Corner, Mumbai – 400 036, Road, Mumbai - 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpp1508R Appellant/अपीलाथी .. Respondent/प्रतिवादी प्रत्याक्षेपसं/C.O. No.71/Mum/2020 (Arising Out Of Ita No. 1595/Mum/2019) (A.Y. 2012-13) Smt. Sakhiben Patel, V/S. Deputy Commissioner Of 601, 6Th Floor, Petit Towers, बनाम Income Tax, Central Circle –7(3), Room No. 655, 6Th August Kranti Marg, Kemps Floor, Aaykar Bhawan, M.K. Corner, Mumbai – 400 036, Road, Mumbai - 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpp1508R Appellant/अपीलार्थी .. Respondent/प्रतिवादी

For Appellant: Shri Rushabh Mehta, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 131(1)Section 132Section 143(3)Section 153ASection 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER & Deputy Commissioner of v/s. Smt. Sakhiben Patel, Income Tax, Central Circle बनाम 601, 6th Floor, Petit Towers, –7(3), Room No. 655, 6th August Kranti Marg, Kemps Floor, Aaykar Bhawan, M.K. corner, Mumbai – 400 036, Road, Mumbai - 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AALPP1508R Appellant/अपीलाथी .. Respondent/प्रतिवादी प्रत्याक्षेपसं/C.O. No.71/MUM/2020 (Arising out of ITA No. 1595/MUM/2019) (A.Y. 2012-13) Smt. Sakhiben Patel, v…

DCIT CC 7(3), MUMBAI vs. SMT. SAKHIBEN PATEL, MUMBAI

In the result, appeal of the Revenue stands dismissed

ITA 1595/MUM/2019[2012-13]Status: DisposedITAT Mumbai19 Sept 2025AY 2012-13

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankar & Deputy Commissioner Of V/S. Smt. Sakhiben Patel, Income Tax, Central Circle बनाम 601, 6Th Floor, Petit Towers, –7(3), Room No. 655, 6Th August Kranti Marg, Kemps Floor, Aaykar Bhawan, M.K. Corner, Mumbai – 400 036, Road, Mumbai - 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpp1508R Appellant/अपीलाथी .. Respondent/प्रतिवादी प्रत्याक्षेपसं/C.O. No.71/Mum/2020 (Arising Out Of Ita No. 1595/Mum/2019) (A.Y. 2012-13) Smt. Sakhiben Patel, V/S. Deputy Commissioner Of 601, 6Th Floor, Petit Towers, बनाम Income Tax, Central Circle –7(3), Room No. 655, 6Th August Kranti Marg, Kemps Floor, Aaykar Bhawan, M.K. Corner, Mumbai – 400 036, Road, Mumbai - 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aalpp1508R Appellant/अपीलार्थी .. Respondent/प्रतिवादी

For Appellant: Shri Rushabh Mehta, ARFor Respondent: Shri Ritesh Misra, (CIT-DR)
Section 131(1)Section 132Section 143(3)Section 153ASection 68

…IN THE INCOME-TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER & Deputy Commissioner of v/s. Smt. Sakhiben Patel, Income Tax, Central Circle बनाम 601, 6th Floor, Petit Towers, –7(3), Room No. 655, 6th August Kranti Marg, Kemps Floor, Aaykar Bhawan, M.K. corner, Mumbai – 400 036, Road, Mumbai - 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AALPP1508R Appellant/अपीलाथी .. Respondent/प्रतिवादी प्रत्याक्षेपसं/C.O. No.71/MUM/2020 (Arising out of ITA No. 1595/MUM/2019) (A.Y. 2012-13) Smt. Sakhiben Patel, v…

SHAKTI DEVELOPERS,SURAT vs. INCOME TAX OFFICER, WARD 2(3)(4), SURAT

In the result, appeal of the assessee is allowed

ITA 22/SRT/2025[2017-18]Status: DisposedITAT Surat27 Aug 2025AY 2017-18

Bench: SHRI DINESH MOHAN SINHA (Judicial Member), SHRI BIJAYANANDA PRUSETH (Accountant Member)

Section 115BSection 143(2)Section 144Section 250Section 68Section 69

…IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI DINESH MOHAN SINHA, JUDICIAL MEMBER & SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.22/SRT/2025 Assessment Year: 2017-18 (Hybrid hearing) Shakti Developers Income Tax Officer Ward-2(3)(4), बनाम/ 32, Avni Bunglows, B/h Saroli Surat, Room No. 613, 6th Floor, Vs. Gam, Bharat Cancer Hospital, Aaykar Bhawan, Majura Gate, Kadodara Road, Surat- 394 Surat-395 001 211 "थायीलेखासं./जीआइआरसं./PAN/GIR No: ADEFS 0044 F (अपीलाथ"/Appellant) (""थ" /Respondent) िनधा"रती की ओर से /Appellant by Shri Sapnesh R Sheth, Advocate राज" की ओर से /Respo…

ESS KAY FABRICATION,GURGAON vs. ITO WARD-1(4), GURGAON

In the result, the appeal of assessee is allowed for statistical purposes

ITA 2924/DEL/2023[2012-13]Status: DisposedITAT Delhi16 May 2025AY 2012-13

Bench: Shri M. Balaganesh & Shri Vimal Kumarassessment Year: 2012-13

For Appellant: Shri Suraj Bhan Nain, AdvFor Respondent: Shri Rajesh Kumar Dhanesta, Sr. DR
Section 143(2)Section 143(3)Section 68

…INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “B”: NEW DELHI BEFORE SHRI M. BALAGANESH, ACCOUNTANT MEMBER AND SHRI VIMAL KUMAR, JUDICIAL MEMBER Assessment Year: 2012-13 Ess Kay Fabrication, Vs. Income Tax Officer, 519, Sector 37, Ward 1(4), Pace City-2, Gurgaon Gurgaon (Haryana) Delhi- 122001 PAN No. AAAFE3257B (Appellant) (Respondent) Assessee by: Shri Suraj Bhan Nain, Adv. Department by: Shri Rajesh Kumar Dhanesta, Sr. DR Date of Hearing: 03.03.2025 Date of pronouncement: 16.05.2025 O R D E R PER VIMAL KUMAR, JUDICIAL MEMBER: The appeal filed by the appellant/assessee is against order dated 21.08.2023 passed…

MEENAMANI GANGA BUILDER LLP ,PUNE vs. PCIT (CENTRAL), PUNE , PUNE

In the result, the appeal of the assessee is dismissed

ITA 1027/PUN/2024[2019-20]Status: DisposedITAT Pune21 Apr 2025AY 2019-20
Section 132Section 143(2)Section 153DSection 263Section 263(1)Section 68

…{ "clean_text": "सत्यमेव जयते\nIN THE INCOME TAX APPELLATE TRIBUNAL\nPUNE BENCHES “A”, PUNE\nBEFORE DR.MANISH BORAD, ACCOUNTANT MEMBER\nAND SHRI VINAY BHAMORE, JUDICIAL MEMBER\nआयकर अपील सं. / ITA No.1027/PUN/2024\n Assessment Year : 2019-20\nMeenamani Ganga Builder LLP,\nSan Mahu Complex, Office N5,\nBund Garden Road,\nOpposite Poona Club,\nPune 411 001, Maharashtra\nPAN: AAUFM6455H\nVs. PCIT (Central),\nPune\nAppellant\nRespondent\nAppellant by\nRevenue by\nDate of hearing\nDate of pronouncement\n:\nShri Rajiv Thakkar\n:\nShri Amol Khairnar\n:\n28.01.2025\n:\n21.04.2025\nआदेश / ORDER\nPER DR. MANISH BORAD, AC…

DCIT CC 7(3), MUMBAI vs. M/S LOTUS LOGISTICS AND DEVELOPERS PVT LTD., MUMBAI

ITA 4058/MUM/2019[2008-09]Status: DisposedITAT Mumbai04 Apr 2025AY 2008-09

Bench: Shri B.R. Baskaran () & Shri Anikesh Banerjee ()

For Appellant: Shri Rishabh MehtaFor Respondent: Dr. K.R. Subhash (CIT-DR.)
Section 132Section 250Section 68Section 69C

…1 3697/Mum/2019 & Others Lotus Logistic & Developers Pvt Ltd IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI B.R. BASKARAN (ACCOUNTANT MEMBER) AND SHRI ANIKESH BANERJEE (JUDICIAL MEMBER) ITA No. A.Y. Appellant Respondent 4057/M/2019 2014-15 Deputy Commissioner M/s Lotus Logistics & of Income Tax, CC Developers Pvt Ltd, 7(3), Mumbai, 419, Laxmi Plaza, Laxmi Room No.655, 6th Industrial Estate, New Link Floor, Aayakar Bhavan, Road, Andheri, Mumbai-400 M.K. Road, Mumbai, 053 400020 PAN: AABCL1198G 4058/M/2019 2008-09 -do- -do- 4039/M/2010 2015-16 -do- -do- 6920/M/2019 2016-17 ACIT-CC…

DCIT, CC - 7(3), MUMBAI vs. M/S A. M. DEVELOPERS AND REALTORS, MUMBAI

ITA 3041/MUM/2019[2012-13]Status: DisposedITAT Mumbai04 Apr 2025AY 2012-13

Bench: Shri B.R. Baskaran () & Shri Anikesh Banerjee ()

For Appellant: Shri Rishabh MehtaFor Respondent: Dr. K.R. Subhash (CIT-DR.)
Section 132Section 250Section 68Section 69C

…1 3697/Mum/2019 & Others Lotus Logistic & Developers Pvt Ltd IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI B.R. BASKARAN (ACCOUNTANT MEMBER) AND SHRI ANIKESH BANERJEE (JUDICIAL MEMBER) ITA No. A.Y. Appellant Respondent 4057/M/2019 2014-15 Deputy Commissioner M/s Lotus Logistics & of Income Tax, CC Developers Pvt Ltd, 7(3), Mumbai, 419, Laxmi Plaza, Laxmi Room No.655, 6th Industrial Estate, New Link Floor, Aayakar Bhavan, Road, Andheri, Mumbai-400 M.K. Road, Mumbai, 053 400020 PAN: AABCL1198G 4058/M/2019 2008-09 -do- -do- 4039/M/2019 2015-16 -do- -do- 6920/M/2024 2016-17 ACIT-CC…

DCIT - CC -7(3), MUMBAI vs. M/S A. M. CONSTRUCTIONS, MUMBAI

ITA 3040/MUM/2019[2011-12]Status: DisposedITAT Mumbai04 Apr 2025AY 2011-12

Bench: Shri B.R. Baskaran () & Shri Anikesh Banerjee ()

For Appellant: Shri Rishabh MehtaFor Respondent: Dr. K.R. Subhash (CIT-DR.)
Section 132Section 250Section 68Section 69C

…1 3697/Mum/2019 & Others Lotus Logistic & Developers Pvt Ltd IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI B.R. BASKARAN (ACCOUNTANT MEMBER) AND SHRI ANIKESH BANERJEE (JUDICIAL MEMBER) ITA No. A.Y. Appellant Respondent 4057/M/2019 2014-15 Deputy Commissioner M/s Lotus Logistics & of Income Tax, CC Developers Pvt Ltd, 7(3), Mumbai, 419, Laxmi Plaza, Laxmi Room No.655, 6th Industrial Estate, New Link Floor, Aayakar Bhavan, Road, Andheri, Mumbai-400 M.K. Road, Mumbai, 053 400020 PAN: AABCL1198G 4058/M/2019 2008-09 -do- -do- 4039/M/2019 2015-16 -do- -do- 6920/M/2024 2016-17 ACIT-CC…

ITO, WARD-1(2)(1), AHMEDABAD, AHMEDABAD vs. MS GOODFARM REARING, AHMEDABAD

In the result, the appeal of the Revenue stands dismissed

ITA 1081/AHD/2023[2018-19]Status: DisposedITAT Ahmedabad01 Apr 2025AY 2018-19
For Appellant: Shri Tushar Hemani, Sr.Advocate &For Respondent: Shri A.P. Singh, CIT-DR
Section 115BSection 133(6)Section 143(3)Section 144BSection 271ASection 68

…{ "clean_text": "आयकर अपीलीय अधिकरण, अहमदाबाद न्यायपीठ “सी”, अहमदाबाद ।\nIN THE INCOME TAX APPELLATE TRIBUNAL\n“C” BENCH, AHMEDABAD\nसुश्री सुचित्र कम्बले, न्यायिक सदस्य एवं\nश्री मकरंद वसंत मह देवकर, लेख सदस्य के समक्ष ।\nBEFORE MS. SUCHITRA KAMBLE, JUDICIAL MEMBER\nAND\nSHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER\nआयकर अपील सं/ITA No.1081/Ahd/2023\nनिर्धारण वर्ष / Assessment Year : 2018-19\nThe ITO\nMs Goodfarm Rearing\nWard-1(2)(1)\nAhmedabad\nबनाम/\nv/s.\n22-23, Shrimali Society\nOpp. Navrangpura Police\nStation\nAhmedabad – 380 009\nस्थायी लेखा सं./PAN: AARFG 8677 L\nअपीलार्थी/ (Appellant)\nप्रत्यर्थी /…

NU PHARMALOGICS PRIVATE LIMITED ,SECUNDERABAD vs. INCOME TAX OFFICER, WARD-16(2), HYDERABAD

In the result, both the appeals in ITA

ITA 1165/HYD/2019[2011-12]Status: DisposedITAT Hyderabad28 Feb 2025AY 2011-12

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.1165/Hyd/2019 & 302/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2011-12 & 2012-13) Nu Pharmalogics (P) Ltd Vs. Income Tax Officer Hyderabad Ward-16(2) Pan:Aaccn2913J Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Spg Mudaliar, Dr सुनवाई की तारीख/Date Of Hearing: 23/12/2024 घोषणा की तारीख/Pronouncement: 28/02/2025

For Appellant: Shri P Murali Mohan Rao, CAFor Respondent: : Shri SPG Mudaliar, DR
Section 143(2)

…ons, duly recorded in their books of account. In support of his contention, he has relied upon the decision of the Hon'ble Supreme Court in the case of Lovely Exports Pvt Ltd (216 CTR 195) as well as the judgments in the cases of Vaishnodevi Refoils & Solvex (96 Taxmann.com 469), Page 14 of 24 ITA Nos 1165 and 302 NU Pharmalogics P Ltd Orchird Industries (116 Taxmann.com 113) and Chain House International (P) Ltd (103 Taxmann.com 435). 17. On the other hand, the learned DR has submitted that once the Assessing Officer has received the information from the Investigation Wing that these companies are working as…

NU PHARMALOGICS PRIVATE LIMITED, HYDERABAD,HYDERABAD vs. ITO, WARD-16(1), HYDERABAD, HYDERABAD

In the result, both the appeals in ITA

ITA 302/HYD/2017[2012-13]Status: DisposedITAT Hyderabad28 Feb 2025AY 2012-13

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.1165/Hyd/2019 & 302/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2011-12 & 2012-13) Nu Pharmalogics (P) Ltd Vs. Income Tax Officer Hyderabad Ward-16(2) Pan:Aaccn2913J Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Spg Mudaliar, Dr सुनवाई की तारीख/Date Of Hearing: 23/12/2024 घोषणा की तारीख/Pronouncement: 28/02/2025

For Appellant: Shri P Murali Mohan Rao, CAFor Respondent: : Shri SPG Mudaliar, DR
Section 143(2)

…ons, duly recorded in their books of account. In support of his contention, he has relied upon the decision of the Hon'ble Supreme Court in the case of Lovely Exports Pvt Ltd (216 CTR 195) as well as the judgments in the cases of Vaishnodevi Refoils & Solvex (96 Taxmann.com 469), Page 14 of 24 ITA Nos 1165 and 302 NU Pharmalogics P Ltd Orchird Industries (116 Taxmann.com 113) and Chain House International (P) Ltd (103 Taxmann.com 435). 17. On the other hand, the learned DR has submitted that once the Assessing Officer has received the information from the Investigation Wing that these companies are working as…

HILTON COMMODITIES PVT. LTD.,KOLKATA vs. ITO, WARD-5(3), KOLKATA

In the result, the appeal of the revenue is dismissed

ITA 676/KOL/2024[2009-10]Status: DisposedITAT Kolkata24 Feb 2025AY 2009-10

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Hilton Commodities Pvt. Ltd. Ito, Ward 5(3) 9/12, Lal Bazar Street, Aaykar Bhavan, P-7, Mercantile Building, Block-B, Chowringhee Square, Vs. 3Rd Floor, No.10, Kolkata-700069, West Bengal Kolkata-700001, West Bengal (Appellant) (Respondent) Pan No. Aacch1011P Assessee By : Shri Soumitra Choudhury, Ar Revenue By : Shri S Datta, Cit Dr Date Of Hearing: 08.01.2025 Date Of Pronouncement : 24.02.2025

For Appellant: Shri Soumitra Choudhury, ARFor Respondent: Shri S Datta, CIT DR
Section 131Section 143(1)Section 143(2)Section 144Section 147Section 148Section 14ASection 263Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA BEFORE SHRI RAJESH KUMAR, AM AND SHRI PRADIP KUMAR CHOUBEY, JM Hilton Commodities Pvt. Ltd. ITO, Ward 5(3) 9/12, Lal Bazar Street, Aaykar Bhavan, P-7, Mercantile Building, Block-B, Chowringhee Square, Vs. 3rd Floor, No.10, Kolkata-700069, West Bengal Kolkata-700001, West Bengal (Appellant) (Respondent) PAN No. AACCH1011P Assessee by : Shri Soumitra Choudhury, AR Revenue by : Shri S Datta, CIT DR Date of hearing: 08.01.2025 Date of pronouncement : 24.02.2025 O R D E R Per Rajesh Kumar, AM: This is an appeal preferred by the assessee against the order of th…

INCOME TAX OFFICER, VEJALPUR vs. SAMVATT PROPERTIES LLP, AHMEDABAD

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

ITA 277/AHD/2024[2016-17]Status: DisposedITAT Ahmedabad28 Aug 2024AY 2016-17

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)

Section 143(3)Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “A” BENCH Before: Shri T.R. Senthil Kumar, Judicial Member And Shri Makarand Vasant Mahadeokar, Accountant Member ITA No: 277/Ahd/2024 Assessment Year: 2016-17 Income Tax Officer, Samvatt Properties LLP Ward-1(1)(1), GF-04 & FF-104 Ahmedabad Vs Turquoise Building, NR. Panchwati Cirlce, C.G. Road, Ellisbridge, (Appellant) Ahmedabad-380007 Gujarat PAN: ACYFS7498E (Respondent) Assessee Represented: Shri D.K. Parikh, A.R. Revenue Represented: Smt. Trupti Patel, Sr.D.R. Date of hearing : 22-08-2024 Date of pronouncement : 28-08-2024 आदेश/ORDER PER : T.R. SENTHIL…

JAYBHOLE COLD STORAGE,ARAVALI vs. THE PR. CIT-1, AHMEDABAD

The appeal of the assessee is partly allowed

ITA 152/AHD/2022[2017-18]Status: DisposedITAT Ahmedabad31 Jul 2024AY 2017-18

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar

For Appellant: Shri D. K. Parikh, A.RFor Respondent: Shri Kamlesh Makwana, CIT DR
Section 143(3)Section 263Section 35ASection 80I

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. No.152/Ahd/2022 (Assessment Year: 2017-18) Jaybhole Cold Storage, Vs. Principal Commissioner of Survey No. 742/744, Dehgam Income Tax-1, Bayad Road, Village Chhapariya, Ahmedabad Post: Vasani-Rel, Taluka Bayad, Dist: Aravali-383325 [PAN No.AALFJ9918M] (Appellant) .. (Respondent) I.T.A. No.151/Ahd/2022 (Assessment Year: 2017-18) Shreeji Cold Storage, Vs. Principal Commissioner of Survey No. 742/7, Dehgam Bayad Income Tax-1, Road, Village Chhapariya…

SHREEJI COLD STORAGE,ARAVALI vs. THE PR. CIT-1, AHMEDABAD

The appeal of the assessee is partly allowed

ITA 151/AHD/2022[2017-18]Status: DisposedITAT Ahmedabad31 Jul 2024AY 2017-18

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar

For Appellant: Shri D. K. Parikh, A.RFor Respondent: Shri Kamlesh Makwana, CIT DR
Section 143(3)Section 263Section 35ASection 80I

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, AHMEDABAD BEFORE SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER & SHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER I.T.A. No.152/Ahd/2022 (Assessment Year: 2017-18) Jaybhole Cold Storage, Vs. Principal Commissioner of Survey No. 742/744, Dehgam Income Tax-1, Bayad Road, Village Chhapariya, Ahmedabad Post: Vasani-Rel, Taluka Bayad, Dist: Aravali-383325 [PAN No.AALFJ9918M] (Appellant) .. (Respondent) I.T.A. No.151/Ahd/2022 (Assessment Year: 2017-18) Shreeji Cold Storage, Vs. Principal Commissioner of Survey No. 742/7, Dehgam Bayad Income Tax-1, Road, Village Chhapariya…

ENSURE BUILDERS AND DEVELOPERS ,BENGALURU vs. INCOME TAX OFFICER, WARD-1(2)(1), BANGALORE

In the result, appeal of the assessee is allowed

ITA 1093/BANG/2024[2014-15]Status: DisposedITAT Bangalore18 Jul 2024AY 2014-15

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2014-15

For Appellant: Sri Atul Madhavan, A.RFor Respondent: Sri Subramanian S., D.R
Section 143(3)Section 144BSection 147

…ITA No.1093/Bang/2024 Ensure Builders and Developers, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “B’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER Assessment Year: 2014-15 Ensure Builders and Developers No.TF-10, 3rd Floor Balaji Nest Apartment Basappa Layout ITO HRBR Layout Vs. Ward-1(2)(1) Hennur Bangalore Karnataka 560 043 PAN NO : AAEFE4924H APPELLANT RESPONDENT Appellant by : Sri Atul Madhavan, A.R. Respondent by : Sri Subramanian S., D.R. Date of Hearing : 11.07.2024 Date of Pronouncement : 18.07.2024 O R D E R PER CHANDRA POOJARI, ACCOUN…

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