THE ACIT,(OSD)-I,RANGE-4,, AHMEDABAD vs. JMC PROJECTS (INDIA) LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)-I,RANGE-4,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

THE ACIT,(OSD)-I,RANGE-4,, AHMEDABAD vs. JMC PROJECTS (INDIA) LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

JMC PROJECTS (INDIA) LTD.,,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

JMC PROJECTS (INDIA) LIMITED,,AHMEDABAD vs. THE DY. CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

THE DY. CIT, CIRCLE-1(1)(2),, AHMEDABAD vs. JMC PROJECTS (INDIA) LIMITED,, AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar

bogus vendors was discovered during the search. Following the Vijaykumar D. Agarwal(supra) decision, the lack of such incriminating evidence strengthens the case for allowing additional ground. 10.4. In the case of Saumya Construction (387 ITR 529), the Hon’ble Gujarat High Court examined the jurisdiction under section 153A of the Act and reiterated that for reassessment in unabated years

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

1) Notwithstanding anything contained in section 139, section\n147, section 148, section 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

ACIT CC 2(3) AHMEDABAD, AHMEDABAD vs. AISHA DHIRAJ GOGIA, AHMEDABAD

In the result: 50. To summarize the final outcome:

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha["ी संजय गग", "ाियक सद" एवं "ी नरे" साद िस!ा, लेखा सद" के सम#।]

B. Findings on merits : 15.2. On merits as well, the AO’s action of extrapolating a rate from an unverified, unexplained note about a third-party property to all the properties purchased by the assessees, herein, and thereby making impugned additions based on assumptions and presumptions, is arbitrary and devoid of any legal sanctity. The assessee provided evidence that

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)

153A r.w.s. 143(3) of the Act which is passed in violations of provisions of the Act and against the scheme of assessment related to search cases. 2. The learned CIT(A) has erred in law and on facts of the case in confirming the additions made by learned Assessing Officer without any incriminating material found during the search

THE ASSTT. COMMISSIONER OF INCOMETAX, CENTRAL CIRCLE-1(2), , AHMEDABAD vs. SANKALP VENTURE LLP, AHMEDABAD

In the result, the appeals in IT(SS)A No

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. 2.1. Accordingly, assessee was called upon to show cause as to why the amount being unaccounted receipts should not be treated as undisclosed income u/s.68 of the Act and the amount being unaccounted payments incurred in cash should

ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1(2), AHMEDABAD, AHMEDABAD vs. SANKALP ORGANISERS PVT LTD , AHMEDABAD

In the result, the appeals in IT(SS)A No

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. 2.1. Accordingly, assessee was called upon to show cause as to why the amount being unaccounted receipts should not be treated as undisclosed income u/s.68 of the Act and the amount being unaccounted payments incurred in cash should

SANKALP ORGANISERS PRIVATE LIMITED,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOMETAX, CENTRAL CIRCLE-1(2), , AHMEDABAD

In the result, the appeals in IT(SS)A No

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. 2.1. Accordingly, assessee was called upon to show cause as to why the amount being unaccounted receipts should not be treated as undisclosed income u/s.68 of the Act and the amount being unaccounted payments incurred in cash should