DCIT CIRCLE-3(3), AHMEDABAD vs. SHRI ALPESHKUMAR C.PATEL, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1908/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 Alpeshkumar C. Patel, A.C.I.T., 503, Milestone Building, Vs. Circle-3(3), Drive In Road, Ahmedabad. Thaltej, Ahmedabad-380052. Pan: Aeapp9489G

96,400/- (cost + Exp) vide purchase deed dated 15-03-2010. The same was converted into non-agricultural property and sold to DBS Affordable Home Strategy Ltd (DBS) vide sale deed dated 22-03-2011 for ITA nos.1908& 1991/AHD/2018 Asstt. Year 2011-12 4 Rs. 5,85,77,100/-. But the assessee has shown the sale consideration

THE DY. CIT, CIRCLE-4(1)(1),, AHMEDABAD vs. SAGARDEEP ALLOYS LTD.,, AHMEDABAD

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

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

section 143(3) r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year (A.Y) 2011-12. 2. The brief facts of the case the assessee was engaged in trading of ferros and non-ferrous metals and manufacturing of copper, pipe, I.T.A No. 1810/Ahd/2019 A.Y. 2011-12 Page No 2 DCIT

M/S. UNIQUE METROPOLIS,,AHMEDABAD vs. JT.COMMISSIONER OF INCOME TAX,RANGE-9,, AHMEDABAD

In the result, Ground Nos

bogus purchases calculated at 12.5% of the purchases which is excessive when no such disallowance is called. The ld. Authorized Representative of the assessee reiterated that assessee had provided all details and evidences and vide reply dated 24-02- 2014, copy of PAN card of parties, confirmation of ledger account duly signed by parties, copies of invoices and delivery challan

THE JT. CIT, RANGE-9,, AHMEDABAD vs. M/S. UNIQUE METROPOILS,, AHMEDABAD

In the result, Ground Nos

bogus purchases calculated at 12.5% of the purchases which is excessive when no such disallowance is called. The ld. Authorized Representative of the assessee reiterated that assessee had provided all details and evidences and vide reply dated 24-02- 2014, copy of PAN card of parties, confirmation of ledger account duly signed by parties, copies of invoices and delivery challan

SHRI ASHOK MOHANLAL JAIN,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(3)(1),, AHMEDABAD

Appeal of the Revenue is hereby dismissed

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1207/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2012-2013 Ashok Mohanlal Jain, I.T.O, Prop Of Parshwanth Enterprise, Vs. Ward-1(3)(1), S/3, Sujata Flats, Ahmedabad. Camp Road, Sahibaug, Ahmedabad-380004. Pan: Aczpj7617B

section 133(6) of the Act were returned as unserved with remark left. Therefore the identity of the party was not established neither it is established that such party is doing any business. Hence, the ld. CIT-A confirmed the addition to the extent of Rs. 26,96,406/- by allowing the relief to the extent

THE INCOME TAX OFFICER, WARD-1(3)(1),, AHMEDABAD vs. SHRI ASHOKKUMAR MOHANLAL JAIN,, AHMEDABAD

Appeal of the Revenue is hereby dismissed

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1207/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2012-2013 Ashok Mohanlal Jain, I.T.O, Prop Of Parshwanth Enterprise, Vs. Ward-1(3)(1), S/3, Sujata Flats, Ahmedabad. Camp Road, Sahibaug, Ahmedabad-380004. Pan: Aczpj7617B

section 133(6) of the Act were returned as unserved with remark left. Therefore the identity of the party was not established neither it is established that such party is doing any business. Hence, the ld. CIT-A confirmed the addition to the extent of Rs. 26,96,406/- by allowing the relief to the extent

ARCOY INDUSTRIES (INDIA) PRIVATE LIMITED,AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, all the captioned four appeals of the assessee are hereby allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha

section 148 of the Act. We take up this legal issue first for adjudication. Grounds Nos. 1 to 3: 4. The Ld. Counsel for the assessee has submitted that, in this case, the assessment was reopened by the AO on the basis of the information circulated on Insight Portal of Department, wherein, it was mentioned that a search & seizure action

ARCOY INDUSTRIES (INDIA) PRIVATE LIMITED,AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, all the captioned four appeals of the assessee are hereby allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha

section 148 of the Act. We take up this legal issue first for adjudication. Grounds Nos. 1 to 3: 4. The Ld. Counsel for the assessee has submitted that, in this case, the assessment was reopened by the AO on the basis of the information circulated on Insight Portal of Department, wherein, it was mentioned that a search & seizure action

ARCOY INDUSTRIES (INDIA) PRIVATE LIMITED,AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, all the captioned four appeals of the assessee are hereby allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha

section 148 of the Act. We take up this legal issue first for adjudication. Grounds Nos. 1 to 3: 4. The Ld. Counsel for the assessee has submitted that, in this case, the assessment was reopened by the AO on the basis of the information circulated on Insight Portal of Department, wherein, it was mentioned that a search & seizure action

SUN PHARMACEUTICALS INDUSTRIES LIMITED,,VADODARA vs. THE ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1)(1), BARODA

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

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

bogus by the Maharashtra VAT department. To our understanding, based upon the information received from the 3rd party, until and unless it is confronted to the assessee, no adverse inference can be drawn. There can be various reasons for the cancellation of the registration such as ITA No. 1462, 1463, 1519 & 1520/Ahd/2018 [Sun Pharma Laboratories

SUN PHARMACEUTICALS INDUSTRIES LIMITED,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1)(1), BARODA

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

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

bogus by the Maharashtra VAT department. To our understanding, based upon the information received from the 3rd party, until and unless it is confronted to the assessee, no adverse inference can be drawn. There can be various reasons for the cancellation of the registration such as ITA No. 1462, 1463, 1519 & 1520/Ahd/2018 [Sun Pharma Laboratories

DCIT, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMACEUTICALS INDUSTRIES LTD. , BARODA

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

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

bogus by the Maharashtra VAT department. To our understanding, based upon the information received from the 3rd party, until and unless it is confronted to the assessee, no adverse inference can be drawn. There can be various reasons for the cancellation of the registration such as ITA No. 1462, 1463, 1519 & 1520/Ahd/2018 [Sun Pharma Laboratories

DCIT, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMACEUTICALS INDUSTRIES LTD. , BARODA

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

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

bogus by the Maharashtra VAT department. To our understanding, based upon the information received from the 3rd party, until and unless it is confronted to the assessee, no adverse inference can be drawn. There can be various reasons for the cancellation of the registration such as ITA No. 1462, 1463, 1519 & 1520/Ahd/2018 [Sun Pharma Laboratories

RAMJIBHAI KESARAJI PATEL,VADODARA vs. THE ITO, WARD-1(2)(2), VADODARA

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

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

96,960/-. The case was reopened and reassessment completed under section 147 r.w.s. 144B of the Act on 15.03.2023, determining total income at Rs.21,25,604/-, making an addition of ₹15,28,644/- under section 69C towards alleged bogus purchases

NITIN RASIKLAL SANGHVI,BANASKANTHA vs. THE ITO WARD-2, , PALANPUR

In the result, the appeals of the assessee are dismissed

Bench: Shri Rajpal Yadavआयकर अपील सं./ Ita No.2304 & 2305/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2010-11 & 2011-12 Nitin Rasiklal Sanghvi Vs. Ito, Ward-2 Prop. M/S.Bony Exports Palanpur. 1, Paras Society Neminath Nagar, At. Deesa Tal. Deesa, Dist. Banakantha. Pan : Amjps 3742 E

purchases made by the appellant shown in stock register and shown as sales and the A.O. did not found any discrepancy in books of accounts maintained by the appellant. The appellant also contended that opportunity of cross examination of Shri Rajendra Jain was not given to the appellant. The facts of the case, assessment order and the submission

NITIN RASIKLAL SANGHVI,BANASKANTHA vs. THE ITO WARD-2, , PALANPUR

In the result, the appeals of the assessee are dismissed

Bench: Shri Rajpal Yadavआयकर अपील सं./ Ita No.2304 & 2305/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2010-11 & 2011-12 Nitin Rasiklal Sanghvi Vs. Ito, Ward-2 Prop. M/S.Bony Exports Palanpur. 1, Paras Society Neminath Nagar, At. Deesa Tal. Deesa, Dist. Banakantha. Pan : Amjps 3742 E

purchases made by the appellant shown in stock register and shown as sales and the A.O. did not found any discrepancy in books of accounts maintained by the appellant. The appellant also contended that opportunity of cross examination of Shri Rajendra Jain was not given to the appellant. The facts of the case, assessment order and the submission

DCIT, CIRCLE-1(1)(2), VADODARA vs. M/S KALPTARU PACKAGING PVT LTD, VADODARA

In the result, the appeal of the Revenue is dismissed and the cross objection disposed off as above

section 145(1) of the Act. The book result is rejected and the total income of the assessee is determined in the succeeding paras in the manner provided u/s 144 of the Act. Therefore, by borrowing the ratio and philosophy of judgment of Hon'ble Gujarat High Court in the case of M/s Vijay Proteins Ltd.[2015] 58 taxmann.com

INCOME TAX OFFICER, WARD-3(1)(2), AHMEDABAD, AHMEDABAD vs. ROOT & SEED ORGANIC PRIVATE LIMITED, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaassessment Year: 2017-18

bogus due to these few discrepancies, even if they existed. Further, the Ld. CIT(A) had also directed the AO, in the remand proceeding, to examine the availability of stock to justify the cash sales ITO vs. Root & Seed Orqanic Pvt Ltd Page 5 of 8 disclosed by the assessee. This exercise was carried out by the Assessing Officer