PRAMOD RAMAVATAR PODDAR,AHMEDABAD vs. THE PR. CIT, CENTRAL CIRCLE, AHMEDABAD
In the result, the appeal of the assessee is disposed of as directed above
ITA 174/AHD/2021[2015-16]Status: DisposedITAT Ahmedabad17 Feb 2026AY 2015-16
Bench: Shri Sanjay Garg & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.174/Ahd/2021 िनधा"रण वष" /Assessment Year : 2015-16 Pramod Ramavatar Poddar The Pr. Cit, Central Circle बनाम/ 203, Pinnacle Business Prk Ahmedabad – 380 009 V/S. Corporate Road Prahladnagar Ahmedabad – 380 015 "थायी लेखा सं./Pan: Abrpp 6193 R (अपीलाथ$/ Appellant) (%& यथ$/ Respondent) Assessee By : Shri Mehul K. Patel, Advocate Revenue By : Shri R.P. Rastogi, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 19/11/2025 घोषणा की तारीख /Date Of Pronouncement: 17/02/2026 आदेश/O R D E R Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Of The Learned Pr.Commissioner Of Income Tax (Central), Ahmedabad [Hereinafter Referred To As ‘Pr.Cit’] Dated 30/03/2021 Passed In Exercise Of His Revision Jurisdiction Under Section 263 Of The Income-Tax Act, 1961 [Hereinafter Referred To As "The Act" For Short] For Assessment Year (Ay) 2015- 16. Pramod Ramavatar Poddar Vs. Pr.Cit Asst.Year: 2015-16
For Appellant: Shri Mehul K. Patel, AdvocateFor Respondent: Shri R.P. Rastogi, CIT-DR
Section 115BSection 143(2)Section 143(3)Section 263Section 68
116/- after deducting Rs.20,84,134/- as purchase cost, which was irregular as per the provision of section 115BBE(2) of the Act. He observed that since the entire transactions of purchase and sale of these shares was held by the AO as bogus
