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.

u/s 153A of the Act as on 7th December 2016 wherein declared additional income of Rs. 25 lakhs against the cash deposited in the bank account and contributed to the partnership firm. The AO against the additional income offered initiated penalty proceedings under section 271

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ROHITJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Section 271AAA of the Act in the hands of the assessee. The Department has taken into consideration the seized material found during the course of search and after careful analysis has confirmed the quantum additions in the hands of the assessee. 25. Accordingly, the assessee’s appeal with respect to levy of penalty of Rs. 49 lakhs is hereby dismissed

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE 1(1), AHMEDABAD, AHMEDABAD vs. PRIYA BLUE INDUSTRIES PVT. LTD, GUJARAT

In the result the appeals filed by the Revenue in ITA No

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

25,808/- on these purchase transactions on the ground that appellant has failed to maintain the documents specified in Section 92D r.w.r. 10D. Similar penalty has been levied for all the remaining years. The appellant has raised similar line of arguments which are dealt with in subsequent paras. … … … … 5.4 It is observed that the TPO has passed order under Section

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRIYA BLUE INDUSTRIES PVT. LTD., GUJARAT

In the result the appeals filed by the Revenue in ITA No

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

25,808/- on these purchase transactions on the ground that appellant has failed to maintain the documents specified in Section 92D r.w.r. 10D. Similar penalty has been levied for all the remaining years. The appellant has raised similar line of arguments which are dealt with in subsequent paras. … … … … 5.4 It is observed that the TPO has passed order under Section

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, GUJARAT vs. PRIYA BLUE INDUSTRIES PVT. LTD., GUJARAT

In the result the appeals filed by the Revenue in ITA No

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

25,808/- on these purchase transactions on the ground that appellant has failed to maintain the documents specified in Section 92D r.w.r. 10D. Similar penalty has been levied for all the remaining years. The appellant has raised similar line of arguments which are dealt with in subsequent paras. … … … … 5.4 It is observed that the TPO has passed order under Section

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(1), GUJARAT vs. PRIYA BLUE INDUSTRIES PVT. LTD., GUJARAT

In the result the appeals filed by the Revenue in ITA No

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

25,808/- on these purchase transactions on the ground that appellant has failed to maintain the documents specified in Section 92D r.w.r. 10D. Similar penalty has been levied for all the remaining years. The appellant has raised similar line of arguments which are dealt with in subsequent paras. … … … … 5.4 It is observed that the TPO has passed order under Section

DCIT CENTRAL CIRCLE 1(1), AHMEDABAD, GUJARAT vs. PRIYA BLUE INDUSTRIES PVT. LTD., GUJARAT

In the result the appeals filed by the Revenue in ITA No

Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

25,808/- on these purchase transactions on the ground that appellant has failed to maintain the documents specified in Section 92D r.w.r. 10D. Similar penalty has been levied for all the remaining years. The appellant has raised similar line of arguments which are dealt with in subsequent paras. … … … … 5.4 It is observed that the TPO has passed order under Section

AKAR LAMINATORS LIMITED,AHMEDABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD

In the result the appeal filed by the assessee is allowed

Bench: This Tribunal & The Case Was Set-Aside Vide Order Dated 01.08.2014 In Ita No. 858 & 927/Ahd/2005 & Accordingly Assessment Was Finalized U/S. 143(3) R.W.S. 254 Of The Act & The Total Loss Was Determined At (-) Rs.22,47,26,293/- After Making Following Additions/Disallowances:

25,73,549/- The assessee has not filed an appeal on this issue Penalty proceedings u/s 271(1)(c) were initiated separately on this addition.” C. Disallowance of various expenses under the head of office expenses of Rs. 39,50,678/-. “…..since the assessee has not furnished any details or evidence related to balances written-off and the assessee

MAHAVEER SINGH,AHMEDABAD vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

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

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

25-03-2025 passed by the Principal Commissioner of Income Tax, Ahmedabad-1, arising out of the assessment order passed under section 143(3) r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year 2018-19. 2. Brief facts of the case is that the assessee is an individual

DEPUTY COMMISSIONER OF INCOME TAX, VADODARA vs. GUJARAT STATE ELECTRICITY CORPORATION LIMITED, VADODARA

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

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

25 of 2015 is reproduced as follows: CIRCULAR NO.25/2015 (F.NO.279/MISC/140/2015/ITJ), DATED 31-12-2015 Section 115JB of the Act is a special provision for levy of Minimum Alternate Tax on Companies, inserted by Finance Act, 2000 with effect from 1-4-2001 2. Under clause (iii) of sub-section (1) of section 271 of the Act, penalty for concealment