BIPINKUMAR RAMBHAI PATEL,AHMEDABAD vs. THE PR. CIT-1, AHMEDABAD
In the result, the appeal of the assessee is allowed
ITA 992/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad09 Dec 2025AY 2014-15
Bench: Dr. B.R.R. Kumar, Vice- & Shri Siddhartha Nautiyalbipinkumar Rambhai Patel The Principal Vs. B/25, Ranchod Colony, Commissioner Of Maninagar, Income Tax, -1 Ahmedabad-380008 Ahmedabad [Pan: Aqapp5046M] (Appellant) .. (Respondent) Appellant By: Shri Mehul K. Patel, Advocate Respondent By: Shri R.P. Rastogi, Cit-Dr Date Of Hearing 26.11.2025 Date Of Pronouncement 09.12.2025 O R D E R Per Dr. B.R.R. Kumar, Vice-: -
For Appellant: Shri Mehul K. Patel, AdvocateFor Respondent: Shri R.P. Rastogi, CIT-DR
Section 147Section 148Section 151Section 263
section 151 from the Principal
Commissioner of Income Tax, Ahmedabad–1, for alleged escapement of income amounting to Rs. 1,37,80,069/-. According to the reasons recorded, the assessee had allegedly received unsecured loans of Rs. 1.37 crores from M/s Dishman
Pharmaceutical and Chemical Ltd. during the relevant financial year. During reassessment proceedings, the Assessing Officer sought details regarding