ACIT CENTRAL CIRCLE 1(3), AHMEDABAD, AHMEDABAD vs. RAKESHKUMAR MAHENDRAKUMAR SHAH , AHMEDABAD

The appeal of the assessee stand dismissed, and the order of the CIT(Appeals) is hereby affirmed in toto

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

House (admitted by the assessee), Rs. 50,00,000/- from Rancharda Land, and Rs.1,81,75,387/- from Mulsana Land. The balance Rs. 12,22,36,163/- was held to be unexplained money or investment. The total assessed income was assessed at Rs.14,73,11,550/-, and penalty proceedings under sections 271AAB and 270A were initiated. 5. In appeal before

SHALIGRAM INFRA PROJECTS LLP ( LTD. LIABILITY PARTNERSHIP),AHMEDABAD vs. THE JCIT (OSD), CENTRAL CIRCLE-2(2), AHMEDABAD

Appeals are partly allowed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarit(Ss)A No.167/Ahd/2021 Asstt.Year : 2017-18 & Asst.Year : 2018-19 Shaligram Infra Projects Llp Vs. The Jcit (Osd) 4Th Floor, Office No.401-402 Central Cir.2(2) B/H. Dishman House Ahmedabad. Opp: Sankalp Grace Ii, Ambli Ahmedabad. Pan: Acpfs 7047 A It(Ss)A No.194,195 & 196/Ahd/2021 Asstt.Year : 2015-16, 2016-17 & 2017-18 & Asst.Year : 2018-19 The Jcit (Osd) Vs. Shaligram Infra Projects Llp Central Cir.2(2) 4Th Floor, Office No.401-402 Ahmedabad. B/H. Dishman House Opp: Sankalp Grace Ii, Ambli Ahmedabad.

Property being Land and building in AY-2015-16 and 2016-17. Year wise detailed breakup of payment/ investment and The DCIT, Cent.Cir.Vs.Shaligram Infra Projects LLP (6 Appeals) 4 reference of seized incriminating material, on the basis of which the Special Auditor calculated such out of books investment to the extent of Rs.60,85,42,590/- the on-money payment

NARANBHAI SAMATBHAI BHARWAD THROUGH LEGAL HEIR DEVRAJBHAI NARANBHAI BHARWAD,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-6(1)(1), AHMEDABAD

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

Bench: Dr.Brr Kumar & Shri Tr Senthil Kumar

property is Asst.Year 2017-18 - 3– not known. Furthermore, the appellant has not adduced any shred of cogent credible and contemporaneous evidence in support of the cash flow statement it has furnished for the period 2012-13 to 2015-16. During appeal no cash flow statement for the period 01.04.2016 to 08.11.2016 was adduced. The appellant is showing huge amount

SANDIP B. PADSALA,,AHMEDABAD vs. THE PR. CIT-1,, AHMEDABAD

In the result, appeal of the assessee is dismissed

Bench: The Commissioner Of Income-Tax (Appeals) For Adjudication. 3. The Ld. Pr Cit Erred On Facts & In Law In Holding That The Assessing Officer Erred In Granting Deduction Of Interest Of Rs. 11,70,726/- Without Appreciating That The Appellant Had Not Claimed Deduction Of The Same While Preparing Return Of Income. The Appellant Craves Permission To Add, Alter, Amend Or Withdraw Any Ground Or Grounds Of Appeal Either Before Or During The Course Of Rearing Of The Appeal.”

house property, profits and gains of business or profession, or capital gains, nor is it income from 'other sources' because the provisions of sections 69, 69A, 69B

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

DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE)-1(4), AHMEDABAD, AHMEDABAD vs. DEEP INFRAPROJECTS LLP, AHMEDABAD

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

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. No. 1561/Ahd/2024 ("नधा"रण वष" / Assessment Year : 2021-22) Deputy Commissioner Of Vs. Deep Infraprojects Llp 10Th Floorhouse, Income Tax Central Circle-1(4), Nr. Ambawadi Circle, Ahmedabad Ambawadi, Ahmedabad- 380006 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaqfd3530J (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Shri Vartik Choksi, Shri Dhrunal Bhatt & Shri Gulab Thakor, A.Rs. ""यथ" क" ओर से/Respondent By : Shri Arvind Kumar, Cit. Dr 22/01/2025 Date Of Hearing Date Of Pronouncement 29/01/2025 O R D E R Per Shri Narendra Prasad Sinha, Am: This Appeal Is Filed By The Revenue Against The Order Of The Commissioner Of Income Tax (Appeals)- 11, Ahmedabad (In Short ‘The Cit(A)’), Dated 05.07.2024 For The Assessment Year 2021-22. 2. The Brief Facts Of The Case Are That The Assessee Had Purchased A Land Situated At Ambli Road, Ahmedabad During The Year For A Consideration Of Rs.75 Crore, As Per The Executed Sale Deed. In The Course Of Search Conducted At The Residential Premises Of One Shri Divyang Vyas, Certain Documents Were Found, As Per Which It Transpired That Certain On-Money Was Paid In The Purchase Transaction Of This Land. In The Course Of

House, Income Tax Central Circle-1(4), Nr. Ambawadi Circle, Ahmedabad Ambawadi, Ahmedabad- 380006 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAQFD3530J (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant by : Shri Vartik Choksi, Shri Dhrunal Bhatt & Shri Gulab Thakor, A.Rs. ""यथ" क" ओर से/Respondent by : Shri Arvind Kumar, CIT. DR 22/01/2025 Date of Hearing Date of Pronouncement 29/01/2025

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

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

THE ITO, WARD-3(2)(4), AHMEDABAD vs. M/S. RADHE KRISHNA DEVELOPERS, 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)

Houses. For the Asst. Year 2010-11, the assessee filed its Return of Income on 01.04.2011 declaring total income of Rs.1,07,15,090/-. There was a survey operation under section 133A of the Act was carried out at the business premises of the assessee on04.03.2010 and found to have seized few loose papers, documents and books of accounts were

SHRI UMANG HIRALAL THAKKAR,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

In the result, the appeal filed by the assessee bearing ITA No

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumarआयकर अपील सं / Ita No. 2150/Ahd/2008 िनधा"रण वष"/Assessment Year: 2005-06 बनाम Shri Umang Hiralal Thakkar, The Dy. Commissioner Of Vs. Dharmadev House, Income-Tax, Shyamal Cross Road, Satellite, Central Circle 1(1), Ahmedabad – 380015 Ahmedabad Pan : Aavpt 8621 R आयकर अपील सं / Ita No. 2548/Ahd/2008 िनधा"रणवष"/Assessment Year: 2005-06 बनाम Shri Umang Hiralal Thakkar, The Dy. Commissioner Of Vs. 305, Sahajanand Plaza, Bhatta Income-Tax, Ch Ar Rasta, Paldi, Ahmedabad Central Circle 1(1), Pan : Aavpt 8621 R Ahmedabad अपीलाथ"/ (Appellant) अपीलाथ" "" यथ" "" यथ"/ (Respondent) अपीलाथ" अपीलाथ" "" "" यथ" यथ" िनधा"रती की ओर से / Assessee By : Shri Bandish Soparkar, Ar & Shri Parin Shah, Ar ""थ" की ओर से / Revenue By : Shri Akhilendra Pratap Yadav, Cit-Dr तारीख/Date Of Hearing : 09.05.2024 सुनवाई क" क" तारीख सुनवाई सुनवाई सुनवाई क" क" तारीख तारीख घोषणा क" क" तारीख तारीख /Date Of Pronouncement: 30.07.2024 घोषणा घोषणा घोषणा क" क" तारीख तारीख आदेश आदेश/O R D E R आदेश आदेश

house and Hotel Neelkanth, amounting to Rs.14,90,312/- and Rs.5,61,655/- respectively. The addition was made basis the valuation of the said properties by the DVO. The Assessing Officer noted that, as per the DVO’s report, the cost of construction of the Swaminarayan Farm Residence as on 31.03.2005 was Rs.31,04,193/- as against the disclosed cost

THE DCIT, CENTRAL CIRCLE-1(1),, AHMEDABAD vs. SHRI UMANG H. THAKKAR, AHMEDABAD

In the result, the appeal filed by the assessee bearing ITA No

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumarआयकर अपील सं / Ita No. 2150/Ahd/2008 िनधा"रण वष"/Assessment Year: 2005-06 बनाम Shri Umang Hiralal Thakkar, The Dy. Commissioner Of Vs. Dharmadev House, Income-Tax, Shyamal Cross Road, Satellite, Central Circle 1(1), Ahmedabad – 380015 Ahmedabad Pan : Aavpt 8621 R आयकर अपील सं / Ita No. 2548/Ahd/2008 िनधा"रणवष"/Assessment Year: 2005-06 बनाम Shri Umang Hiralal Thakkar, The Dy. Commissioner Of Vs. 305, Sahajanand Plaza, Bhatta Income-Tax, Ch Ar Rasta, Paldi, Ahmedabad Central Circle 1(1), Pan : Aavpt 8621 R Ahmedabad अपीलाथ"/ (Appellant) अपीलाथ" "" यथ" "" यथ"/ (Respondent) अपीलाथ" अपीलाथ" "" "" यथ" यथ" िनधा"रती की ओर से / Assessee By : Shri Bandish Soparkar, Ar & Shri Parin Shah, Ar ""थ" की ओर से / Revenue By : Shri Akhilendra Pratap Yadav, Cit-Dr तारीख/Date Of Hearing : 09.05.2024 सुनवाई क" क" तारीख सुनवाई सुनवाई सुनवाई क" क" तारीख तारीख घोषणा क" क" तारीख तारीख /Date Of Pronouncement: 30.07.2024 घोषणा घोषणा घोषणा क" क" तारीख तारीख आदेश आदेश/O R D E R आदेश आदेश

house and Hotel Neelkanth, amounting to Rs.14,90,312/- and Rs.5,61,655/- respectively. The addition was made basis the valuation of the said properties by the DVO. The Assessing Officer noted that, as per the DVO’s report, the cost of construction of the Swaminarayan Farm Residence as on 31.03.2005 was Rs.31,04,193/- as against the disclosed cost

M/S. VENUS INFRABUILD,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

DCIT, CENTRAL CIRCLE -1(1),, AHMEDABAD vs. SHRI DEEPAK KUMAR VASWANI,, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD vs. SHRI ASHOK SUNDERDAS VASWANI, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

SHRI RAJESH SUNDERDAS VASWANI,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

M/S. VENUS INFRABUILD,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

SHRI DEEPAK BUDHARMAL VASWANI,,AHMEDABAD vs. DCIT, CENTRAL CIRCLE -1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

THE DCIT, CENTRAL CIRCLE-1(1), AHMEDABAD vs. SHRI RAJESH SUNDERDAS VASWANI, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C

M/S. VENUS INFRABUILD,AHMEDABAD vs. THE DY.CIT.,CENT.CIRCLE-1(1),, AHMEDABAD

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmed

House of Vasibhai Vasrambhai Desai, at village Khadeda, Rabari Vas, Dist. Patan. Sanjeet Motors 6, Saarthi Bungalows Finance P.Ltd. Prernatirth Derasar Road Satellite, Ahmedabad. 17/B/1, Devendra Society Naranpura Ahmedabad. B/6, Pallavi Apartment Opp: Municipal Market C.G.Road Ahmedabad. 3. In order to give logical end to the search, the ld.AO had issued notice under section 153A, 153C