THE DCIT-CIRCLE-4(1)(1), AHMEDABAD vs. SHREE SIDDHI INFRABUILD PVT. LTD, AHMEDABAD

Bench: Shri Sanjay Garg & Makarand V. Mahadeokar

68 and 69A on facts and in law. The CIT(A) upheld the validity of reopening under section 147 for all assessment years. He recorded that the Assessing Officer had initiated reassessment

INCOME TAX WARD 4(2)(3) AHMEDABAD , AHMEDABAD vs. NIKULBHAI CHATURBHAI PATEL HUF, GANDHINAGAR

In the result, the appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

section 68 of the Act, treating it as unexplained cash credit, on the grounds that the assessee failed to satisfactorily explain the source of these credits with supporting documentary evidence. In response, the assessee objected to both the reassessment

NIKULBHAI CHATURBHAI PATEL, HUF,GANDHINAGAR vs. THE ITO, WARD-4(2)(3), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

section 68 of the Act, treating it as unexplained cash credit, on the grounds that the assessee failed to satisfactorily explain the source of these credits with supporting documentary evidence. In response, the assessee objected to both the reassessment

NIKULBHAI CHATURBHAI PATEL, HUF,GANDHINAGAR vs. THE ITO, WARD-4(2)(3), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

section 68 of the Act, treating it as unexplained cash credit, on the grounds that the assessee failed to satisfactorily explain the source of these credits with supporting documentary evidence. In response, the assessee objected to both the reassessment

NIKULBHAI CHATURBHAI PATEL, HUF,GANDHINAGAR vs. THE ITO, WARD-4(2)(3), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

section 68 of the Act, treating it as unexplained cash credit, on the grounds that the assessee failed to satisfactorily explain the source of these credits with supporting documentary evidence. In response, the assessee objected to both the reassessment

INCOME TAX WARD 4(2)(3) AHMEDABAD, AHMEDABAD vs. NIKULBHAI CHATURBHAI PATEL HUF, GANDHINAGAR

In the result, the appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

section 68 of the Act, treating it as unexplained cash credit, on the grounds that the assessee failed to satisfactorily explain the source of these credits with supporting documentary evidence. In response, the assessee objected to both the reassessment

DEPUTY COMMISSIONER OF INCOME -TAX CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD, GUJARAT vs. BHAVESHKUMAR GIRISHBHAI BHANDARI, AHMEDABAD, GUJARAT

Appeal is allowed in ITA 978/Ahd/2025 and ITA\n978/Ahd/2025 as well

68 of the Act, taxed the\nsame under section 115BBE, and initiated penalty proceedings under\nsection 271AAC. The AO determined the total assessed income at Rs.\n5,63,17,850/- and issued demand and penalty notices accordingly.\n4. Aggrieved, the assessee preferred an appeal before the Commissioner\nof Income-tax (Appeals) and contended that the reassessment

THE DCIT-CIRCLE-4(1)(1), AHMEDABAD vs. SHREE SIDDHI INFRABUILD PVT. LTD, AHMEDABAD

Accordingly kept open.\n10. All Revenue appeals fail on merits and are dismissed

68 and 69A on facts and in law. The CIT(A)\nupheld the validity of reopening under section 147 for all assessment years.\nHe recorded that the Assessing Officer had initiated reassessment

GITABEN DINESHBHAI PATEL,AHMEDABAD vs. ITO WARD 5(3)(1), AHMEDABAD

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

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

68 of the Act and the assessment was completed on that basis. 4. Before the Commissioner of Income Tax (Appeals), the assessee challenged the validity of the reassessment proceedings as well as the Gitaben Dineshbhai Patel vs. ITO Asst.Year –2017-18 - 3– addition on merits. The primary ground raised was that the reassessment notice under section

MANISH RANJAN, DCIT, CENTRAL CIRCLE-1(2), AHMEDABAD, AHMEDABAD vs. RASHMIN KANTILAL VAKTA, AHMEDABAD

Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokar

section 68 of the Income Tax Act, it is pertinent to record that the assessee had not furnished any source-wise bifurcation or supporting documentary evidence in respect of the deposits made in the account maintained with Shri Renukamata Multi-State Urban Co- operative Credit Society Ltd. during the reassessment

MANISH RANJAN, DCIT, CENTRAL CIRCLE-1(2), AHMEDABAD, AAYKAR BHAWAN ASHRAM ROAD, AHMEDABAD vs. RASHMIN KANTILAL VAKTA, ELLISBRIDGE AHMEDABAD GUJARAT

Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokar

section 68 of the Income Tax Act, it is pertinent to record that the assessee had not furnished any source-wise bifurcation or supporting documentary evidence in respect of the deposits made in the account maintained with Shri Renukamata Multi-State Urban Co- operative Credit Society Ltd. during the reassessment

RASHMIN KANTILAL VAKTA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(2), AHMEDABAD

Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokar

section 68 of the Income Tax Act, it is pertinent to record that the assessee had not furnished any source-wise bifurcation or supporting documentary evidence in respect of the deposits made in the account maintained with Shri Renukamata Multi-State Urban Co- operative Credit Society Ltd. during the reassessment

RASHMIN KANTILAL VAKTA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(2), AHMEDABAD

Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokar

section 68 of the Income Tax Act, it is pertinent to record that the assessee had not furnished any source-wise bifurcation or supporting documentary evidence in respect of the deposits made in the account maintained with Shri Renukamata Multi-State Urban Co- operative Credit Society Ltd. during the reassessment

DEPUTY COMMISSIONER OF INCOME -TAX CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD, GUJARAT vs. BHAVESHKUMAR GIRISHBHAI BHANDARI, AHMEDABAD, GUJARAT

In the result, the appeal of the Department is allowed and the order of\nthe Assessing Officer is restored

68 of the Act, taxed the\nsame under section_115BBE, and initiated penalty proceedings under\nsection 271AAC. The AO determined the total assessed income at Rs.\n5,63,17,850/- and issued demand and penalty notices accordingly.\n4.\nAggrieved, the assessee preferred an appeal before the Commissioner\nof Income-tax (Appeals) and contended that the reassessment

DEPUTY COMMISSIONER OF INCOME -TAX CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD, GUJARAT vs. GIRISHKUMAR AMRATLAL BHANDARI HUF, HIMATNAGAR, GUJARAT

In the result, the appeal of the Department is allowed and the order of\nthe Assessing Officer is restored

68 of the Act, taxed the\nsame under section_115BBE, and initiated penalty proceedings under\nsection 271AAC. The AO determined the total assessed income at Rs.\n5,63,17,850/- and issued demand and penalty notices accordingly.\n4.\nAggrieved, the assessee preferred an appeal before the Commissioner\nof Income-tax (Appeals) and contended that the reassessment

ANISH RAJNIKANT SHAH,AHMEDABAD, GUJARAT vs. INCOME TAX OFFICER, AHMEDABAD, GUJARAT

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

Bench: Shri Ramit Kochar (Accountant Member)

reassessment order on 07.12.2018 u/s 143(3) read with Section 147, although notice u/s 148 was issued by AO on 29.03.2018. The assessee could not give any explanation/evidences before the AO regarding the business carried on by the assessee, which led AO to invoke provisions of Section 68

M/S. PUSHPAK BULLION PVT. LTD.,AHMEDABAD vs. THE DCIT, CIRCLE-3(1)(1), AHMEDABAD

In the result, the appeal filed by the assessee is hereby partly allowed

Bench: Jurisdictional High Court & The Hon’Ble Gujarat High Court Dismissed The Writ Petition Filed By The Assessee Vide Judgment Dated 27-06-2016 In Sca No. 18512 Of 2015 & Upheld The Validity Of The Reassessment Notice.

reassessment proceedings is bad in law. Merits: 5. The learned CIT(A) has erred in confirming the addition of Rs. 14,17,30,000 as cash credit under Section 68

THE INCOME TAX OFFICER,WARD-3, GANDHINAGAR vs. SHRI RAMESH GOBARJI THAKOR, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Ms. Suchitra Raghunath Kambleassessment Year : 2010-11 Income-Tax Officer Vs. Shri Ramesh Gobarji Thakor Ward-3 Sector 11 Gandhinagar. Gandhinagar. Pan : Aespt 3446 H (Applicant) (Responent) Assessee By : Shri S.N. Soparkar, Sr.Advocate & Shri Parin Shah, Ars. Revenue By : Shri Kamlesh Makwana, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 16/04/2024 घोषणा क" तारीख /Date Of Pronouncement: 11/07/2024 आदेश आदेश/O R D E R आदेश आदेश

reassessed after making addition of Rs. 39,05,50,000/- under section 68 of the Act treating the same towards