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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

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

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

B 94-99 235 to 240/Ahd/2019 -do- -do- Asst.Year 2009-10 to 2015-16 109 and 110/Ahd/2019 The DCIT 100- M/s.Sanjeet Motors 101 Finance P.ltd. Cent.Cir.1(1) Asstt.Year :2012-13 and 2013-14. 6, Sarthi Bungalows Ahmedabad. Prenathirth Derasar Road Satellite Ahmedabad. PAN : AAMCS 8522 L Asstt.Year : 2008-09 Surendras Vaswani Cent.Cir.1(1) 1, Rajdeep Villa Ahmedabad

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

153A was issued and assessment was completed determining total income at Rs.3,03,82,267/-. 5.1 During the course of assessment proceedings, the Assessing Officer observed that the assessee had received unsecured loans aggregating to Rs.2,98,14,000/- from seven parties. The Assessing Officer treated the said amount as unexplained cash credits under section 68

H K ISPAT PVT. LTD.,PANCHMAHAL vs. THE DY.CIT, CENTRAL CIRCLE-2, VADODARA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

153A was issued and assessment was completed determining total income at Rs.3,03,82,267/-. 5.1 During the course of assessment proceedings, the Assessing Officer observed that the assessee had received unsecured loans aggregating to Rs.2,98,14,000/- from seven parties. The Assessing Officer treated the said amount as unexplained cash credits under section 68

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

153A was issued and assessment was completed determining total income at Rs.3,03,82,267/-. 5.1 During the course of assessment proceedings, the Assessing Officer observed that the assessee had received unsecured loans aggregating to Rs.2,98,14,000/- from seven parties. The Assessing Officer treated the said amount as unexplained cash credits under section 68

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC 1(1) AHMEDABAD, AHEMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1) , AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

PRAKASH MISRIMAL SANGHVI,AHMEDABAD vs. DCIT CC (1) AHMEDABAD, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-1(1), AHMEDABAD, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection

DEPUTY COMMISSIONER OF INCOME -TAX, AHMEDABAD vs. PRAKASH MISRIMAL SANGHVI, AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1138 To 1146/Ahd/2024 ("नधा"रण वष" / Assessment Years : 2013-14 To 2021-22) बनाम/ Prakash Misrimal Deputy Commissioner Of Sanghvi Income-Tax Vs. 17, Rajmugat Soc. Central Circle-1(1), Naranpura Char Rasta, Ahmedabad Naranpura, Ahmedabad 380013 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeps7266A (Appellant) .. (Respondent)

b) of the Act. These cash receipts were appearing in the form of loans & advances and were, therefore, included in the definition of “asset”. Thus, the condition of income escaped assessment being in the form of “asset” was duly satisfied in the reason as recorded by the AO. We, therefore, do not find any merit in the objection