SHRI HARI CORPORATION,AHMEDABAD vs. THE DCIT, CIRCLE-3(1)(2), AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar, Accountnat Member 1. Ita No.1719/Ahd/2019 & 2. Ita No.1720/Ahd/2019 (Assessment Years : 2013-14 & 2014-15 Respectively) Shri Hari Corporation The Dy.Cit A/13, Vrundavan Park Society Vs Circle-3(1)2) Viratnagar Road, Odhav Ahmedabad Ahmedabad – 382 415 Pan: Absfs 9846 B अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Vijay H. Patel, Ar Revenue By : Shri Nitin Vishnu Kulkarni, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 13/06/2024 घोषणा क" तार"ख /Date Of Pronouncement: 28/06/2024 आदेश/O R D E R Per Shri Makarand V. Mahadeokar, Am: Both The Captioned Appeals By The Assessee Are Directed Against The Separate Orders Of The Commissioner Of Income Tax(Appeals)-9, Ahmedabad [Cit(A) In Short] Dated 03/10/201 & 04/10/2019 For The Assessment Years (Ays) 2013-14 & 2014-15 Respectively. Since The Common Issues Are Involved In Both The Appeals, These Were Heard Together & Are Being Disposed Of By This Consolidated Order For The Sake Of Convenience.

housing projects. The return of income was filed by assessee on 29.09.2013 declaring total income at Rs.44,43,650/- The return was processed u/s 143(1) of the Income Tax Act, 1961 (“the Act” in short). Later on, the case was selected for scrutiny assessment. During the course of assessment proceedings, it was observed by the Assessing Officer (AO) that

YASHODABEN MANEKLAL SONI,VADODARA vs. THE INCOME TAX OFFICER, WARD-2, DAHOD

In the result, assessee’s appeal is allowed

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

house property as security for bank guarantee enjoyed by the firm M/s. P Maniklal Soni & Co. and M/s. M.S. Gold (Prop. Smt Sarojben M. Soni). The Assessee also supplied the valuation report of the concerned property to the bank. In valuation report the cost of construction of the building was shown at Rs.1,57,85,660/-. The period of construction

THE DCIT, CIRCLE-2(1)(1), AHMEDABAD vs. M/S FUJI SILVERTECH CONCRETE PVT. LTD, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1493/Ahd/2019 िनधा"रण वष"/Asstt. Year:2016-2017 D.C.I.T. M/S. Fuji Silvertech Concrete Pvt. Circle-2(1)(1), Vs. Ltd., Ahmedabad 4Th Floor, House No.5, Magnet Corporate Park, Near Sola Flyover, Ahmedabad-380059. Pan: Aaccf5460E

House No.5, Magnet Corporate Park, Near Sola Flyover, Ahmedabad-380059. PAN: AACCF5460E (Applicant) (Respondent) Revenue by : Shri V.K. Singh, Sr.D.R Assessee by : Shri S.N. Divatia, A.R सुनवाई क" तारीख/Date of Hearing : 21/07/2022 घोषणा क" तारीख /Date of Pronouncement: 27/07/2022 आदेश/O R D E R PER WASEEM AHMED, ACCOUNTANT MEMBER: The captioned appeal has been filed at the instance

SHRI ASHOKKUMAR GOVINDBHAI PATEL,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-4(2)(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

142A u/s.57 of the IT Act and the income earned under the some head i.e. income from other sources, We have again replied wide our letter dated 09.03.2015, explaining nexus between the interest on borrowed funds, by providing the personal balance sheet, cash book, bank book and for the opening balances, the statement of tax calculations, and the assessment orders