ROBIN RAMAVTAR GOENKA,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result, the appeal filed by the Revenue IT[SS]A Nos

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

purchases, brokerage, salaries, personal expenses and jewellery were seized. Statements of key employees of the group handling cash transactions were recorded. Consequently, assessments were framed under sections 153A and 143[3] of the Act for the Asst Years 2018-19 & 2019-20 whereby Assessment Year wise unaccounted cash receipts and payments, as summarized by the AO, is given below

SANKALP IN,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result Revenue’s Ground Nos

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri NARENDRA PRASAD SINHA (Accountant Member)

purchase of land has been entered into or any approvals for construction activities have been received by the assessee. 9.6. Further the Assessee has suo-moto, in its Returns of Income and Computation of Income filed for the Asst. Years 2021-22 and 2022-23 [copies placed at page nos. 13 to 72], included income arising from on-money receipts

THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD vs. SANKALP IN, AHMEDABAD

In the result Revenue's Ground Nos

Bench: Shri T.R. SENTHIL KUMAR, Judicial Member\nAnd\nShri NARENDRA PRASAD SINHA (Accountant Member)

purchase of land has been entered into or any\napprovals for construction activities have been received by the\nassessee.\n9. 6. Further the Assessee has suo-moto, in its Returns of Income\nand Computation of Income filed for the Asst. Years 2021-22 and\n2022-23 [copies placed at page nos.13 to 72], included income\narising from on-money receipts

SHRI HIRALAL D. THAKKAR,AHMEDABAD vs. THE PR. CIT (CENTRAL), , AHMEDABAD

Bench: S/Shri Pramod M. Jagtap & T.R. Senthil Kumar

purchase were shown. All the bills were benami, Further, the Auditor of society had clearly called for the bills during the audit of society which were not produced for audit purpose. 4. On perusal of bank statement it was found that there were credit entries in your bank account. The sources of deposit of such entries remain unexplained

SHRI HIRALAL D. THAKKAR,AHMEDABAD vs. THE PR. CIT (CENTRAL), , AHMEDABAD

Bench: S/Shri Pramod M. Jagtap & T.R. Senthil Kumar

purchase were shown. All the bills were benami, Further, the Auditor of society had clearly called for the bills during the audit of society which were not produced for audit purpose. 4. On perusal of bank statement it was found that there were credit entries in your bank account. The sources of deposit of such entries remain unexplained

SHRI MUKESH RASIKLAL SHAH,AHMEDABAD vs. THE INCOME TAX OFFICER, CENT.WARD-1(1),, AHMEDABAD

The appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Smt. Suchitra Kambleasstt Year - 2001-02

purchased 24300 shares of Zenith Info amounting to Rs. 21,77,280/- which was shown in the balance sheet as closing stock, however, in the profit & loss account the assessee has accounted loss from Zenith Info amounting to Rs. 16,30,530/- as against no opening stock of the shares. Accordingly, the assessee has claimed bogus loss to the tune

SHRI MUKESH R.SHAH,AHMEDABAD vs. THE INCOME TAX OFFICER, CENT.WARD-1(1),, AHMEDABAD

The appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Smt. Suchitra Kambleasstt Year - 2001-02

purchased 24300 shares of Zenith Info amounting to Rs. 21,77,280/- which was shown in the balance sheet as closing stock, however, in the profit & loss account the assessee has accounted loss from Zenith Info amounting to Rs. 16,30,530/- as against no opening stock of the shares. Accordingly, the assessee has claimed bogus loss to the tune

SHRI MUKESH R.SHAH,AHMEDABAD vs. THE ACIT.,CIRCLE-6,, AHMEDABAD

The appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Smt. Suchitra Kambleasstt Year - 2001-02

purchased 24300 shares of Zenith Info amounting to Rs. 21,77,280/- which was shown in the balance sheet as closing stock, however, in the profit & loss account the assessee has accounted loss from Zenith Info amounting to Rs. 16,30,530/- as against no opening stock of the shares. Accordingly, the assessee has claimed bogus loss to the tune

SHRI MUKESH R.SHAH,AHMEDABAD vs. THE ACIT.,CIRCLE-6,, AHMEDABAD

The appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Smt. Suchitra Kambleasstt Year - 2001-02

purchased 24300 shares of Zenith Info amounting to Rs. 21,77,280/- which was shown in the balance sheet as closing stock, however, in the profit & loss account the assessee has accounted loss from Zenith Info amounting to Rs. 16,30,530/- as against no opening stock of the shares. Accordingly, the assessee has claimed bogus loss to the tune