KSHETRAPAL GOLD PVT.LTD.,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-2(1)(2),, AHMEDABAD
The appeal of the assessee is allowed
ITA 105/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad22 Oct 2024AY 2017-18
Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumarिनधा"रण वष"/Assessment Year: 2017-18 Kshetrapal Gold Private Limited, Vs. Income Tax Officer, Sf-1, Kush Avenue, Mandvi Ni Ward 2(1)(2), Pole, Manek Chowk, Ahmedabad, Ahmedabad Gujarat-380001 Pan : Aafck 6724 M अपीलाथ"/ (Appellant) अपीलाथ" "" यथ" "" यथ"/ (Respondent) अपीलाथ" अपीलाथ" "" "" यथ" यथ" Assessee By : Shri Mahesh Chhajed, Ar Revenue By : Shri Prateek Sharma, Sr Dr सुनवाई क" तारीख/Date Of Hearing : 10.10.2024 घोषणा क" तारीख /Date Of Pronouncement: 22.10.2024 आदेश/O R D E R आदेश आदेश आदेश Per Annapurna Gupta: Present Appeal Has Been Filed By The Assessee Against Order Of The Learned Commissioner Of Income-Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As "Cit(A)" For Short] Dated 20.11.2023 Passed Under Section 250 Of The Income-Tax Act, 1961 [Hereinafter Referred To As "The Act" For Short], For The Assessment Year (Ay) 2017-18. 2. The Grounds Raised By The Assessee Are As Under:- “1. The Order Passed By The Ld. Cit (A) Is Against Law, Equity & Justice. 2. The Ld. Cit(A) Has Erred In Law & On Facts In Upholding Rejection Of Books Of Accounts In Contravention To The Provisions Of Act. 3. The Ld. Cit (A) Has Erred In Law & On Facts In Upholding Addition Made By The Ld. A.O. U/S 68 Of The Act Even After Rejection Books Of Accounts.
For Appellant: Shri Mahesh Chhajed, ARFor Respondent: Shri Prateek Sharma, Sr DR
Section 115BSection 145Section 145(3)Section 250Section 68
demonetization period. He pointed out that even the purchases of the assessee were held by the AO to be all cooked up. The ld. Counsel for the assessee contended that
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Kshetrapal Gold Pvt Ltd Vs. ITO
AY : 2017-18
none of his findings with regard to the sales and purchases being bogus
