BHAKTIBEN BHAGWATSINH CHAVDA, (L/H OF LATE BHAGWATSINH J CHAVDA),AHMEDABAD vs. ITO, WARD-14(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

unexplained investment. 4. The learned CIT(A) has erred both in law and on the facts of the case in confirming the addition of Rs 84,000 made by the AO on account of income from house property. 5. The learned CIT(A) has erred both in law and on the facts of the case in confirming the action

SHRI BHAGWANBHAI R. MAKWANA,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-14(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

unexplained investment. 4. The learned CIT(A) has erred both in law and on the facts of the case in confirming the addition of Rs 84,000 made by the AO on account of income from house property. 5. The learned CIT(A) has erred both in law and on the facts of the case in confirming the action

LATE BHAGWATSINH JIBHUBHAI CHAVDA)L/H.BHAKTIBEN BHAGWATSINH CHAVDA,,AHMEDABAD vs. ITO, WARD-5(1)(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

unexplained investment. 4. The learned CIT(A) has erred both in law and on the facts of the case in confirming the addition of Rs 84,000 made by the AO on account of income from house property. 5. The learned CIT(A) has erred both in law and on the facts of the case in confirming the action

JADE GRANITES INDUSTRIES,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(1)(1),, AHMEDABAD

In the result, the appeal of the assessee in ITA No

Bench: The Income Tax Appellate Tribunal, Ahmedabad Bench, Ahmedabad Which Has Arisen From The Appellate Order Dated 23-11-2023 In Din & Order No. Itba/Nfac/S/250/2023-24/1058173176(1)

house property, and remuneration, interest and share profit from partnership firm. Therefore, there is no source of income where cash was generated and deposited in bank account and issued cheques out of these funds. Shri Sanjaykumar not submitted his cash book also failed to explain source of cash deposit in bank account. Shri Harpalsinh Yadav failed to submit written document

THE DCIT, CENTRAL CIRCLE-1(3), AHMEDABAD vs. GANESH PLANTATIONS LTD., AHMEDABAD

In the result, appeal of the Revenue as well as cross appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kedia

House, Central Circle 1(3), Room Vs. 100 Feet Hebatpur-Thaltej No. 304, Aayakar Bhavan, Road, Nr. Sola Bridge, Ashram Road, Ahmedabad- Off. S. G. Highway, 380009 Ahmedabad - 380054 .. (अपीलाथ" /Appellant) (""यथ" / Respondent) राज"व क" ओर से/Revenue by : Shri L. P. Jain, Sr.D.R. अपीलाथ" ओर से /Assessee by : Ms. Nupur Shah alongwith Shri Dhiren Shah, A.Rs

GANESH PLANTATIONS LTD.,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(3), AHMEDABAD

In the result, appeal of the Revenue as well as cross appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kedia

House, Central Circle 1(3), Room Vs. 100 Feet Hebatpur-Thaltej No. 304, Aayakar Bhavan, Road, Nr. Sola Bridge, Ashram Road, Ahmedabad- Off. S. G. Highway, 380009 Ahmedabad - 380054 .. (अपीलाथ" /Appellant) (""यथ" / Respondent) राज"व क" ओर से/Revenue by : Shri L. P. Jain, Sr.D.R. अपीलाथ" ओर से /Assessee by : Ms. Nupur Shah alongwith Shri Dhiren Shah, A.Rs

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 and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been

M/S. JAYLAXMI LAND DEVELOPERS,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1,, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No.2226/Ahd/2016 "नधा"रण वष"/Asstt. Year: 2007-2008 M/S Jaylaxmi Land Developers, Income Tax Officer, B-07 Jaylaxmi Towers, Ward 1, Vs. Anand. Ganesh Chokdi, Post. Anand-388 001. Pan: Aaffj1432Q

House Property at the fair market rent and not under the head Business and Profession. 12. The next issue arises for the consideration regarding the enhancement of the rent by the Ld. CIT (A) for ₹ 4,01,400/-. First of all we note that the AO made the addition of ₹ 49,95,546/- which was reduced

SHRI POPATBHAI BHUDARBHAI PATEL,,AHMEDABAD vs. ITO, WARD-6(1)(3),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Ms. Suchitra Kambleassessment Year: 2014-15

unexplained cash credits ignoring the submissions that there were no cash credit as appellant had only source of income from house property

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)

unexplained cash credit. III. The Ld.CIT(A) has erred in law and on facts in deleting the disallowance of Rs.11,00,000/- made u/s 40A(3) of the Act. 6. Let us deal with each Ground raised by the Revenue. Ground No.1 is deletion of addition of Rs.1,11,69,600/- being under statement of value of investment in immovable

DHARMENBHAI MAHENDRABHAI SUTARIA,HUF,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), , AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

unexplained deposits but still not offered the same in the return. The income was offered after a question regarding deposit in bank and investment in firm was raised during the proceedings under section 153A of the Act. Had the search not been conducted and proceeding under section 153A of the Act would not have been initiated, then the assessee should

DHARMENBHAI MAHENDRABHAI SUTARIA,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

unexplained deposits but still not offered the same in the return. The income was offered after a question regarding deposit in bank and investment in firm was raised during the proceedings under section 153A of the Act. Had the search not been conducted and proceeding under section 153A of the Act would not have been initiated, then the assessee should

DHARMENBHAI MAHENDRABHAI SUTARIA,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

unexplained deposits but still not offered the same in the return. The income was offered after a question regarding deposit in bank and investment in firm was raised during the proceedings under section 153A of the Act. Had the search not been conducted and proceeding under section 153A of the Act would not have been initiated, then the assessee should

BHAVANJI JUGAJI THAKOR,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-3(3)(1), AHMEDABAD

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

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinhaassessment Year: 2016-17

unexplained cash credit has been invoked after verifying and taking cognisance of the cash deposits and the savings account of the assessee with Bank of Baroda. Thus, the transaction was very well recorded in the bank statement and, per se, the bank statement which is savings account of the assessee has to be treated as books of the assessee

GOLD FINCH JEWELLERY LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

In the result, the appeal filed by the Assessee is allowed

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

unexplained cash credit u/s 68 of the Act. The A.O. in para 3.1 & pg.2 of the assessment order has stated that the assessee company was requested to furnish the list of share holders with name, address, PAN No. etc. The asswssww company vide letter dated 03.10.2013 furnished the details called for. The A.O. in para 3.2 has stated that

GOLD FINCH JEWELLERY LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1),, AHMEDABAD

In the result, the appeal filed by the Assessee is allowed

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

unexplained cash credit u/s 68 of the Act. The A.O. in para 3.1 & pg.2 of the assessment order has stated that the assessee company was requested to furnish the list of share holders with name, address, PAN No. etc. The asswssww company vide letter dated 03.10.2013 furnished the details called for. The A.O. in para 3.2 has stated that

HARESHGIRI PRATAPGIRI GAUSHVAMI,BHAVNAGAR vs. ITO, WARD-2(3), BHAVNAGAR

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

credits u/s.68 of the Act. In our view, the assessee has been able to reasonably demonstrate that he has substantial landholding capable of earning regular agricultural income and also received a sum of Rs. 20,78,300/- by way of cash and jewellery from his father. This fact was also affirmed by the village I.T.A No. 2051/Ahd/2018

THE ITO, WARD-2(1)(1),, AHMEDABAD vs. GUJARAT CRAFT INDUSTRIES PVT. LTD.,, AHMEDABAD

unexplained cash credits addition in the nature of unsecured loan. This assessee is a company manufacturing HDPE/PP woven fabrics, woven sacks and tarpaulin sheets. The Assessing Officer noticed in the course of scrutiny that it had received unsecured loans in question from 13 entities namely M/s. Bosco Chemtex, APA Finance Ltd., Decent Fabrics Pvt. Ltd., Ethnic Apparels Pvt. Ltd., Castle