SADBHAV ENGINEERING LTD.,AHMEDABAD vs. DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD, DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD

In the result, all the appeals of the assessee are partly allowed\nand that of the Revenue are dismissed

149, section 151 and section 153, where the\nAssessing Officer is satisfied that,—\n(a) any money, bullion, jewellery or other valuable article or thing,\nseized or requisitioned, belongs to; or\n(b) any books of account or documents, seized or requisitioned,\npertains or pertain to, or any information contained therein,\nrelates to,\na person other than the person referred

GUJARAT VAIBHAV PUBLICATIONS PVT. LTD.,AHMEDABAD vs. THE ITO, WARD-2(1)(1), AHMEDABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha

Section 149 of the Act was not applicable in the present case. With regards to merits of the addition, the Ld. Sr. DR submitted that mere copy of invoice/bill for the purchases and the payments through banking channel does not establish the genuineness of the purchases. He submitted that no supporting documents for transportation of goods, delivery challan, vehicle

GUJARAT VAIBHAV PUBLICATIONS PVT. LTD.,AHMEDABAD vs. THE ITO, WARD-2(1)(1), AHMEDABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha

Section 149 of the Act was not applicable in the present case. With regards to merits of the addition, the Ld. Sr. DR submitted that mere copy of invoice/bill for the purchases and the payments through banking channel does not establish the genuineness of the purchases. He submitted that no supporting documents for transportation of goods, delivery challan, vehicle

GANDHINAGAR DISTRICT CO.OP.MILK PRODUCERS UNION LIMITED,GANDHINAGAR vs. THE ACIT, CIRCLE GANDHINAGA, GANDHINAGAR

In the result, appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

149(2)(b) is not forthcoming from reasons for reopening, reopening is not justified. Reliance was placed on the case of Mahesh Kumar Gupta vs. CIT 363 ITR 300 (Allahabad) and Novo Nordisk India P. Ltd. - (2018) 95 taxmann.com 225 (Kar.) in support of the above proposition. In this case, amount of income escaping assessment has not at all been

SHITAL VIPULKUMAR DHOLAKIA,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(1)(3), AHMEDABAD

In the result, the appeal filed by the assessee is allowed for statistical\npurposes

149–263 of\nP/B);\n- Tax audit report and annual accounts (pages 104–132 of P/B).\n2.11 The AR highlighted that no defect had been pointed out in these\ndocumentary evidences, and despite multiple submissions, the AO failed to\nrebut the material on record. It was also pointed out that the show cause\nnotice issued

CHINMAY YOGESHKUMAR AGRAWAL, HUF,AHMEDABAD vs. THE ITO, WARD-3(1)(1), AHMEDABAD

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

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

149, and 151 do not apply. Therefore, the notice issued under Section 148 is contrary to the applicable legal provisions and is liable to be quashed. 2. The Ld. CITIA) has erred in not appreciating that the Ld.AO has obtained approval for issuance of the impugned notice under section 148 of the Act from the authority designated as 'Range

INNOVATE DERIVATIVES PVT. LTD.,AHMEDABAD vs. THE ITO, WARD-2(1)(1), AHMEDABAD

In the result, the appeal filed by the Assessee is partly allowed

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

section 147 r.w.s. 144B of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year 2019-20. I.T.A No. 31/Ahd/2026 A.Y. 2019-20 2 Innovate Derivatives Pvt. Ltd. Vs. ITO 2. Brief facts of the case is that the assessee is a company engaged in the business of trading in shares and securities, mutual

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. SANJAY PRATAPRAI MEHTA, BHAVNAGAR

In the result, appeal of the Department is dismissed

Bench: Shri Siddhartha Nautiyal & Shri Makarand Vasant Mahadeokar

purchase of shares in the impugned scrip of M/s Comfort Fincap Ltd only and earned exempted long-term capital. As such the assessee has made investment in shares of various private and public company which are detailed as under: Sanjay P. Mehta 1563/A, “AASHIRWAD” Rupani Sardarnagar Road, Bhavnagar. Investments. Group Summary 1-Apr-2013 to 31-Mar-2014 Closing Balance

SHRI MUKESH RASIKLAL SHAH,,AHMEDABAD vs. THE ACIT, CIRCLE-9, NOW CIRCLE-4(2),, AHMEDABAD

In the result, the appeals filed by the assessee are hereby dismissed

Bench: Dr. B.R.R. Kumar, Vice-Shri T.R. Senthil Kumar

purchase gold in that country with a view to smuggling it into India. The confiscation of the currency Officer then took proceedings determined his tax liability. A sum notes was ordered The Assessing for assessing the assessee income and of Rs 60,500/- out of Rs 65,500/- was held to constitute the income of the assessee from undisclosed sources

SHRI MUKESH RASIKLAL SHAH,,AHMEDABAD vs. THE ACIT, CIRCLE-9, NOW CIRCLE-4(2),, AHMEDABAD

In the result, the appeals filed by the assessee are hereby dismissed

Bench: Dr. B.R.R. Kumar, Vice-Shri T.R. Senthil Kumar

purchase gold in that country with a view to smuggling it into India. The confiscation of the currency Officer then took proceedings determined his tax liability. A sum notes was ordered The Assessing for assessing the assessee income and of Rs 60,500/- out of Rs 65,500/- was held to constitute the income of the assessee from undisclosed sources

SHALIN RAJENDRAKUMAR SHAH,AHMEDABAD vs. THE ITO, WARD-5(3)(2), AHMEDABAD

In the result, the appeal filed by the Assessee is allowed

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

149 Cash sales 14,920,394 4,984,402 10,108,153 30,012,949 Cheque sales / Other Sales 23,819,896 4,894,901 17,803,403 46,518,200 Cash Deposited in Bank