ANILKUMAR DWARKAPRASAD MODANI,AHMEDABAD vs. THE DY. CIT, CIRCLE-2(1)(1)(PREVIOUSLY DY.CIT, CIRCLE-3(1)), VADODARA

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

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.1572/Ahd/2024 िनधा"रण वष" /Assessment Year : 2013-14 Anilkumar Dwarkaprasad Modani The Dy.Cit बनाम/ A-17, Videocon Housing Colony Circle-2(1)(1) V/S. Chavaj, Bharuch 392 002 Vadodara (Gujarat) "थायी लेखा सं./Pan:Acnpm 0273 C अपीलाथ&/ (Appellant) '( यथ&/ (Respondent) Assessee By : Shri Hemant Suthar, Ar Revenue By : Shri Surendra Kumar, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 12/11/2024 घोषणा की तारीख /Date Of Pronouncement: 21/11/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am: This Appeal By The Assessee Is Directed Against The Order Dated 26/12/2023 Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As “Cit(A)”] For The Assessment Year (Ay) 2013-14, In Which The Addition Made By The Assessing Officer [Hereinafter Referred To As “Ao)”] Under Section 50C Of The Income Tax Act, 1961 [Hereinafter Referred To As “The Act”] Was Confirmed Vide Assessment Order Dated 28/03/2016. Facts Of The Case: 2. The Assessee, An Individual Earning Income From Salaries, Trading In Shares & Securities, Capital Gains & Other Sources, Filed His Return Of Anilkumar Dwarkaprasad Modani Vs. The Dcit Asst. Year : 2013-14

Section 245 of the Act, adjusting the refund against the outstanding demand, prompting the assessee to inquire about the status of the appeal. Upon realizing that the appeal was not filed, immediate steps were taken to file it on 02.09.2024, resulting in a delay of 191 days. The assessee has supported his application for condonation

ARCHANABEN RAJENDRASINGH DEVAL,AHMEDABAD vs. THE INCOME TAX OFFICER, TDS WARD-1,, AHMEDABAD

In the result, the appeal filed by the assessee is allowed, as indicated\nabove

Bench: SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER\nAND\nSHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER\nआयकर अपील सं/ITA No.1465/Ahd/2024\nनिर्धारण वर्ष / Assessment Year : 2015-16\nArchanaben Rajendrasingh\nDeval\nबनाम /\nv/s.\nThe Income Tax Officer\nTDS Ward-1,\nAhmedabad – 380 014\n42, Tirth Bhumi Co-op. Society\nNear Dhara Soap Factory\nNikol Gam Road,\nNikol, Ahmedabad – 382 350\nस्थायी लेखा सं./PAN: AHZPD 2745 D\n(अपीलार्थी/ Appellant)\n(प्रत्यर्थी/ Respondent)\nAssessee by :\nShri Jaimin Sha

191 and first proviso to section 201(1) of the Act and\nas such the demand raised of Rs.1,00,907/- requires to be deleted.\n7. That the assesse has not made any default U/s 201(1) / 201(1A), however the\npenalty proceedings-initiated u/s 271C of the act, requires to be dropped.\n8. The assessee craves leave

THE ITO, WARD- 2(1)(1),, AHMEDABAD vs. M/S. GWALIA SWEETS PVT. LTD.,, AHMEDABAD

In the result, the appeal of the revenue and the appeal of the assessee both are dismissed

section 145(3) of the Act is upheld. Now the issue whether the gross profit shown by the appellant is justified or not is to be decided. It is noted that the appellant has given certain explanations regarding fall in gross profit. In my opinion, one of the causes of fall in gross profit is the increase in turnover

M/S. GWALIA SWEETS PVT. LTD.,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-2(1)(1), AHMEDABAD

In the result, the appeal of the revenue and the appeal of the assessee both are dismissed

section 145(3) of the Act is upheld. Now the issue whether the gross profit shown by the appellant is justified or not is to be decided. It is noted that the appellant has given certain explanations regarding fall in gross profit. In my opinion, one of the causes of fall in gross profit is the increase in turnover

AARAV FINANCIAL SERVICES PVT. LTD.,AHMEDABAD vs. THE DY. CIT, CENT. CIRCLE-1(1), AHMEDABAD

In the result, all the four appeals of respective assessees are partly allowed

Bench: Ms. Suchitra Kamble (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

delay is condoned. Now, coming to the facts of the case, in this case, the original return of income was finalized on 30-07-2021 through electric mode declaring income of Rs. 41,27,580/-. Return was duly processed u/s. 143(1) of the Act. The case was reopened on 25-03-2015 u/s. 147 of the Act which

SAGAR RAJESH JHAVERI,AHMEDABAD vs. THE DY.CIT, CENT. CIRCLE-1(1), AHMEDABAD

In the result, all the four appeals of respective assessees are partly allowed

Bench: Ms. Suchitra Kamble (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

delay is condoned. Now, coming to the facts of the case, in this case, the original return of income was finalized on 30-07-2021 through electric mode declaring income of Rs. 41,27,580/-. Return was duly processed u/s. 143(1) of the Act. The case was reopened on 25-03-2015 u/s. 147 of the Act which

VICKY RAJESH JHAVERI,AHMEDABAD vs. THE DY. CIT, CENT. CIRCLE-1(1), AHMEDABAD

In the result, all the four appeals of respective assessees are partly allowed

Bench: Ms. Suchitra Kamble (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

delay is condoned. Now, coming to the facts of the case, in this case, the original return of income was finalized on 30-07-2021 through electric mode declaring income of Rs. 41,27,580/-. Return was duly processed u/s. 143(1) of the Act. The case was reopened on 25-03-2015 u/s. 147 of the Act which

VICKY RAJESH JHAVERI,AHMEDABAD vs. THE DY.CIT, CENT. CIRCLE-1(1), AHMEDABAD

In the result, all the four appeals of respective assessees are partly allowed

Bench: Ms. Suchitra Kamble (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

delay is condoned. Now, coming to the facts of the case, in this case, the original return of income was finalized on 30-07-2021 through electric mode declaring income of Rs. 41,27,580/-. Return was duly processed u/s. 143(1) of the Act. The case was reopened on 25-03-2015 u/s. 147 of the Act which

SHRI TRUSHAR PARIMALBHAI SHAH,BHAVNAGAR vs. THE INCOME TAX OFFICER, WARD-1(5), BHAVNAGAR

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

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaassessment Year: 2012-13

191 days in filing this appeal. The assessee has filed a condonation application supported with an affidavit explaining the reasons for the delay. It is submitted that the registered e-mail id. of the assessee was padmavatiglobalservices@gmail.com which was also appearing on the Income Tax Portal. However, the e-mail id. mentioned in the Form No.35 was p.b.jani01@gmail.com, which

KANTILAL MANILAL PATEL,,AHMEDABAD vs. THE ITO, WARD-4(2)(2),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Pradipkumar Kedia

condone the delay of three days, and proceed to decide the appeal on merit. 3. In the first ground of appeal, the assessee has challenged reopening of the assessment. 4. Brief facts of the case are that the assessee has filed return of income on 18.12.2012 declaring total income at Rs.11,93,640/- . This return was processed under section

S B DEVELOPERS,AHMEDABAD vs. THE ITO, WARD-1(1)(1), AHMEDABAD

In the result, appeal filed by the Assessee is partly allowed for statistical purpose

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year: 2023-24

delay of 5 days in filing the present appeal. The same is condoned. At the time of hearing, the assessee filed adjournment application, the same is rejected. 6. The Ld. DR relied upon the Assessment Order as well as the order of the CIT(A). 7. We have heard the Ld. DR and perused all the relevant material available

GUJARAT INFORMATICS LIMITED,GANDHINAGAR vs. THE DY.CIT, CIRCLE- GANDHINAGAR, GANDHINAGAR

In the result, the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2012-13

191/- and received interest income of Rs. 22,97,900/-. The same has been claimed as exempt u/s. 67A of the Income Tax Act which is disallowable u/s. 14A r.w.r. 8D of the Income Tax Act. The case was reopened u/s. 147 of the Act. Notice 148 of the Act was issued and served upon the assessee