SHRI RATNESH METAL INDUSTRIES PRIVATE LIMITED,,AHMEDABAD vs. DCIT, CIRCLE-3(1)(2),, AHMEDABAD

In the result, the appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice- & Shri Amarjit Sinh

purchase @ 9.70%. Still aggrieved, the assessee is now before the Tribunal. 7. Before us, the ld. counsel for the assessee reiterated the submissions as were made before the Revenue authorities, while, the ld. DR supported orders of the Revenue authorities. 8. We have considered rival submissions and gone through the record carefully. We find that the during the appellate proceedings

ITO, WARD - 4(1)(1), AHMEDABAD , AHMEDABAD vs. SHREE GAYATRI COTTEX ENGINEERS PVT. LTD., AHMEDABAD

In the result the appeal of the Revenue is partly allowed for statistical purpose

Bench: Shri T R Senthil Kumar & Shri Narendra Prasad Sinha

bogus purchase despite the fact that: (i) the vendors failed to respond to Section 133(6) notices during the assessment proceedings. (ii) the assessee failed to produce primary evidence, such as invoices, delivery challans, and payment proofs, to establish the genuineness of the purchases. (iii) Mere furnishing of ledger confirmations at the appellate stage cannot replace the requirement of primary

INCOME-TAX OFFICER WARD-3(3)(1),AHMEDABAD, AHMEDABAD vs. FURNISH HOME, AHMEDABAD

The appeal of the asessee is allowed, whereas, Revenue’s appeal is dismissed

Bench: the Ld. CIT(A), wherein detailed submissions supported by the books of accounts, statutory returns, confirmation and other documentary evidences were filed. A remand report of the AO was sought on the same by the Ld. CIT(A) after considering which, Ld. CIT(A) deleted

195 (SC)). In respect of receipts from Das Hari Hotels Pvt. Ltd., the entries are fully backed by sale invoices, VAT declarations, and customer ledger matching the bank statement. The AO's failure to dispute the sales itself weakens the basis for treating the receipt as unexplained. Similarly, the refund of advances is supported by complete documentation. There

FURNISH HOME,AHMEDABAD vs. THE ITO, WARD-3(3)(1) OLD WARD-3(3)(2), AHMEDABAD

The appeal of the asessee is allowed, whereas, Revenue’s appeal is dismissed

Bench: SHRI SANJAY GARG (Judicial Member), SMT. ANNAPURNA GUPTA (Accountant Member)

195 (SC)). In respect of receipts from Das Hari Hotels Pvt. Ltd., the entries are fully backed by sale invoices, VAT declarations, and customer ledger matching the bank statement. The AO's failure to dispute the sales itself weakens the basis for treating the receipt as unexplained. Similarly, the refund of advances is supported by complete documentation. There

THE DCIT, CENTRAL CIRCLE-3, VADODARA vs. M/S. AARYA DEVELOPERS, VADODARA

In the result, the appeal filed by the Revenue is hereby dismissed

Bench: SMT. ANNAPURNA GUPTA (Accountant Member), SHRI T.R. SENTHIL KUMAR (Judicial Member)

195/-, Rs.1,58,17,291/-, Rs.41,23,447/- and Rs.1,03,18,945/- respectively. In respect of the year under consideration i.e. 2005-06, in course of assessment proceedings under section 143(3), the Assessing Officer made addition of Rs.1,52,53,128/-. ……………………….. 5. It could be seen from the facts that the housing projects were developed during the years

THE DY.CIT, CENTRAL CIRCLE-1, VADODARA vs. PAWAN EDIFICE PVT. LTD., VADODARA

Appeals are partly allowed for\nstatistical reasons

195/- in A.Y. 2014–15, which are substantially higher than\nthe investments yielding exempt income. Applying the ratio laid down by\nthe Hon'ble Supreme Court in South Indian Bank Ltd. v. CIT [2022] 130\ntaxmann.com 178 and CIT v. UTI Bank Ltd. [2022] 142 taxmann.com 136, as\nwell as the coordinate bench decision in Axis Bank Ltd. v. ACIT

PAWAN EDIFICE PVT. LTD.,VADODARA vs. THE DY.CIT, CIRCLE-2(1)(2), VADODARA

195/- in A.Y. 2014–15, which are substantially higher than the investments yielding exempt income. Applying the ratio laid down by the Hon'ble Supreme Court in South Indian Bank Ltd. v. CIT [2022] 130 taxmann.com 178 and CIT v. UTI Bank Ltd. [2022] 142 taxmann.com 136, as well as the coordinate bench decision in Axis Bank Ltd. v. ACIT

AANYA DEVELOPERS,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Rifaur Rahman

purchased and where such items were accounted for in books had not been explained by Vitragbhai D. Dharu. This clearly proves that there was no sale/purchase transaction between them and cash was deposited and rotated to the books of the assessee. Therefore, creditworthiness of the depositor is treated as unexplained in absence of evidence supporting above mentioned transaction

ARIHANT ENTERPRISE,AHMEDABAD vs. THE ITO, WARD-7(2)(1), AHMEDABAD

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

Bench: Dr. B.R.R. Kumar, Vice-Ms Suchitra Kamble

Section 115BBE of the Act. 6. Before us, the Ld. AR, with regard to rejection of books of accounts u/s 145(3) of the Act, contended that the Assessing Officer the Assessing Officer rejected the books of accounts of the assessee u/s. 145(3) of the Act without finding any material defects therein. The Ld. AR submitted that the major