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INFINITY BUILDCOM,AHMEDABAD vs. ITO WARD 3(3)(2), AHMEDABAD, VEJALPUR, AHMEDABNAD

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 2671/AHD/2025[2012-13]Status: DisposedITAT Ahmedabad19 Feb 2026AY 2012-13

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Chetan Agrawal, CAFor Respondent: Shri C Dharani Nath, Sr. DR

Section 142(1)Section 144Section 147Section 148Section 68Section 69

bogus creditors and added the same under section 68 of the Act as income of the assessee. Further, the Assessing Officer noticed that the assessee had purchased an immovable property amounting to Rs.45,00,000/-, which remained unexplained and accordingly, the Assessing Officer added the same as unexplained investment under section 69 of the Act. Accordingly, the Assessing Officer assessed