SHUKAN BUILDERS,,AHMEDABAD vs. THE DY.CIT(OSD), CIRCLE-9,, AHMEDABAD

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

section 143(3)of the Income Tax Act, 1961 (in short “the Act”). AY: 2010-11 ITA No. 1518/Ahd/2015 A.Y. 2010-11(Assessee’s Appeal):- The first issue raised by the assessee is that the Learned CIT(A) erred in 2. confirming the addition made by the AO amounting to Rs.62,51,247/- as bogus purchases. 3. The facts

THE DCIT(OSD), CIRCLE-9,, AHMEDABAD vs. M/S. SHUKAN BUILDERS,, AHMEDABAD

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

section 143(3)of the Income Tax Act, 1961 (in short “the Act”). AY: 2010-11 ITA No. 1518/Ahd/2015 A.Y. 2010-11(Assessee’s Appeal):- The first issue raised by the assessee is that the Learned CIT(A) erred in 2. confirming the addition made by the AO amounting to Rs.62,51,247/- as bogus purchases. 3. The facts

DISHMAN INFRASTRUCTURE LTD.,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(4),, AHMEDABAD

In the result, appeal of the Revenue and its cross objections are dismissed, whereas the appeal of the assessee is partly allowed

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

purchased, how production could be started. This aspect has been considered by the ld.CIT(A) while taking note of these facts in paragraph 3.4 at page no.38 of the impugned order. We have taken cognizance of this paragraph in the earlier part of this order, therefore we are of the view that the ld.CIT(A) has appreciated the facts

THE ITO, WARD-1(4),, AHMEDABAD vs. M/S. DISHMAN INFRASTRUCTURE LTD.,, AHMEDABAD

In the result, appeal of the Revenue and its cross objections are dismissed, whereas the appeal of the assessee is partly allowed

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

purchased, how production could be started. This aspect has been considered by the ld.CIT(A) while taking note of these facts in paragraph 3.4 at page no.38 of the impugned order. We have taken cognizance of this paragraph in the earlier part of this order, therefore we are of the view that the ld.CIT(A) has appreciated the facts

SMT. PARAMADEVI TEKRIWAL, ,BHAVNAGAR vs. THE ITO, WARD-1(5),, BHAVNAGAR

In the result, the appeal of the assessee is dismissed

Bench: Shri P.M. Jagtap, Vice- & Ms. Madhumita Royassessment Year : 2013-14 Smt. Paramadevi Tekriwal, The Income-Tax Officer, D-143, Kaliyabid, Bhavnagar Vs Ward 1(5), Pan : Addpt 3030 F Bhavnagar अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Rakesh Jha, Sr. Dr सुनवाई क" तार"ख/Date Of Hearing : 17/10/2022 घोषणा क" तार"ख /Date Of Pronouncement: 17/10/2022 आदेश/O R D E R Per P.M. Jagtap, Vice-: This Appeal Filed By The Assessee Is Directed Against The Order Of The Learned Commissioner Of Income-Tax (Appeals)-6, Ahmedabad (“Cit(A)” In Short) Dated 09.07.2018. 2. The Relevant Facts Of The Case Giving Rise To This Appeal Are That The Assessee Is An Individual Who Filed Her Return Of Income For The Year Under Consideration Originally On 16.03.2014. Although The Said Return Was Originally Accepted Under Section 143(1) Of The Income-Tax Act, 1961 (“The Act” In Short), The Assessment Was Subsequently Reopened By The Assessing Officer On The Basis Of Information Received From Investigation Wing Of The Income-Tax Department That The Long Term Capital Gains Of Rs.1,13,53,982/- Arising From The Sale Of Equity Shares Of Kgn Enterprise Ltd. For A Consideration Of Rs.1,13,87,902/- Claimed As Exempt In The Return Of Income Was Bogus & It Was Actually An Accommodation Entry. The Assessing Officer Accordingly Issued A Notice Under Section 148 Of The Act To Smt. Paramadevi Tekriwal Vs. Ito Ay : 2013-14 2

3) of the Act; and, rejecting the same, he upheld the validity of the Smt. Paramadevi Tekriwal Vs. ITO AY : 2013-14 6 said assessment made by the Assessing Officer for the following reasons given in his impugned order:- “It is seen that the AO had credible information that the KGN Enterprise Ltd. was a paper company which was involved

MANMOHAN PRAVINCHANDRA MADANI,AHMEDABAD vs. THE ITIO, WARD-3(2)(10), AHMEDABAD

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

253/- made by the Assessing Officer u/s.40A(3) of the I. T. Act, 1961 in\nrespect of payments made for purchase of goods and labour charges.\n4.\nThe Ld. CIT(A), NFAC, Delhi has erred in confirming the additions made by\nthe Assessing Officer without considering the fact that the alleged cash deposits being\npart of business turnover has already

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

THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, AHMEDABAD vs. EL DORADO BIOTECH PRIVATE LIMITED,, AHMEDABAD

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

3 AY: 2009-10 ii. Shri Partik R. Shah in the statement recorded during the search has admitted that he was engaged in providing the accommodation entries in the form of share capital, bogus purchases, bogus sales and the bogus investments through the companies as discussed above. 7. In view of the above, the AO initiated the income escapement proceedings

MARDIA COPPER EXTRUTIONS PVT.LTD.,AHMEDABAD vs. DCIT, CIRCLE-2(1)(2),, AHMEDABAD

In the result appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 229/Ahd/2018 "नधा"रण वष"/Asstt. Year: 1990-1991 M/S Mardia Copper Extrusions Pvt. Ltd., D.C.I.T, C/O Mehta Lodha & Co., Vs. Circle-2(1)(2), 105, Sakar-I, Near Gandhigram Railway Ahmedabad. Station, Off Ashram Road, Ahmedabad-380009. Pan: Aabcm3848G

253 or an appeal lo the Nigh Court under section 260A or an appeal to Ihe Supreme Conn under section 261 or revision under section 263 or section 264 and an order imposing or enhancing or reducing or cancelling penalty or dropping the proceedings for the imposition of penalty is passed before the order of the Commissioner (Appeals

THE ITO, WARD-3(3)(6),, AHMEDABAD vs. SHREE INFRASTRUCTURE,, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri P.M. Jagtap, Vice- & Ms. Madhumita Royassessment Year : 2011-12 Income-Tax Officer, Shree Infrastructure, Ward 3(3)(6), Vs 104, Sarthak Complex, Next To Ahmedabad Fun Republic Cinema, Satellite, Ahmedabad-380015 Pan : Abtfs 9550 P अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Revenue By : Shri Abhimanyu Singh Yadav, Sr Dr Assessee By : Shri P.M. Patel, Ca सुनवाई क" तार"ख/Date Of Hearing : 06/06/2022 घोषणा क" तार"ख /Date Of Pronouncement: 17/06/2022 आदेश/O R D E R Per P.M. Jagtap, Vice-: This Appeal Is Preferred By The Revenue Against The Order Of Learned Commissioner Of Income-Tax (Appeals)-3, Ahmedabad (“Cit(A)” In Short) Dated 16.03.2016 Whereby He Deleted The Additions Of Rs.1,58,36,330/- & Rs.60,00,000/- Made By The Assessing Officer On Account Of Disallowance Of Labour Expenses & Disallowance On Account Of Cash Payments Towards Land Development Agreement Respectively.

Section 143(3) of the Act, an appeal was preferred by the assessee before the learned CIT(A) challenging both the additions made by the Assessing Officer to its total income. During the course of appellate proceedings before the learned CIT(A), various details and documents were furnished by the assessee to support and substantiate its claim on both

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 VENTURE LLP,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

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

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

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)

253 ITR 454 (Guj);\n* Mehta Parikh & Co. v. CIT – (1956) 30 ITR 181 (SC);\n* Kantilal & Bros. vs. ACIT – (1995) 52 ITD 412 (Pune);\n* Chander Mohan Mehta v ACIT – (1999) ITD 245 (Pune);\n* Biren V. Savla vs. ACIT – (2006) 155 Taxman 270 (Mum);\n* Madhav Corpn. vs ACIT– (2017) 85 taxmann.com 238 (Ahd);\n* DCIT v Kankakia

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)

253 ITR 454 (Guj); * Mehta Parikh & Co. v. CIT – (1956) 30 ITR 181 (SC); * Kantilal & Bros. vs. ACIT – (1995) 52 ITD 412 (Pune); * Chander Mohan Mehta v ACIT – (1999) ITD 245 (Pune); * Biren V. Savla vs. ACIT – (2006) 155 Taxman 270 (Mum); * Madhav Corpn. vs ACIT– (2017) 85 taxmann.com 238 (Ahd); * DCIT v Kankakia Hospitality

ADANI AGRO PVT. LTD.,,AHMEDABAD vs. THE DY.CIT.,CIRCLE-1,, AHMEDABAD

In the result, the assessee appeal is thus allowed

Bench: Shri O. P. Meena& Ms. Madhumita Roy

3. Ground No.2.1: The order passed by the Learned CIT(A) in upholding the disallowance of long term capital loss to the tune of Rs.2,41,93,750/- incurred by the appellant on the sale of shares of I Call India Pvt. Ltd. has been assailed before us. 4. The brief facts leading to this case is this that during

SHAILESHBHAI BHA vs. ANGBHAI CHAVDA,BHAVNAGARVS.THE INCOME TAX OFFICER WARD 1(4) BHAVNAGAR, BHAVNAGAR

In the result, the appeal of the assessee in ITA No

Bench: Shri Ramit Kochar (Accountant Member)

bogus long term capital gains/bogus short term capital loss/bogus purchase loss etc. . Various incriminating documents were seized by Revenue during the course of search operations. Therefore, there was a reason to believe that the scrips of M/s. Divine Multimedia India Ltd., M/s. Diamant Infrastructure Ltd. and M/s VMS Industries Ltd. are not genuine. Shri Naresh Jain in his statement recorded