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

Section 69C of the Act, treating it as unexplained expenditure. 10.3 On appeal, the Ld. CIT(A) upheld the AO's finding that the suppliers were non-genuine but disagreed with the 100% disallowance. Relying on jurisdictional precedents, the Ld. CIT(A) restricted the addition to 6% of the purchase value, concluding that in cases where sales

DHARAMTAR MOTORS SERVICES PETROLEUM PRODUCT,,AHMEDABAD vs. THE ITO, WARD-6(1)(4),, AHMEDABAD

In the results, both the appeals of the assessee are allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 1438 & 2534/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2012-2013 M/S Dharamtar Motor Services Income Tax Officer, Petroleum Product, Vs. Ward 6(1)(4) C/O. Ketan H. Shah, Advocate 903, Ahmedabad. Sapphire Complex, C.G. Road, Navrangpura, Ahmedabad. Pan: Aabfd9182F

260. The various case laws relied upon before C1T(A) in reference to Section 68 regarding credit partners account

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

Bench: Shri Sanjay Garg & Makarand V. Mahadeokar

260/-, which was fully received back during the same year through proper cheque entries. The closing balance was nil in the books. These transactions were duly reflected in the regular audited books and were not disputed. The AO had added Rs. 4 crore under section 68

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

Bench: Shri Sanjay Garg & Makarand V. Mahadeokar

260/-, which was fully received back during the same year through proper cheque entries. The closing balance was nil in the books. These transactions were duly reflected in the regular audited books and were not disputed. The AO had added Rs. 4 crore under section 68

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

260/-, which was fully received back during the same year\nthrough proper cheque entries. The closing balance was nil in the books.\nThese transactions were duly reflected in the regular audited books and were\nnot disputed. The AO had added Rs.4 crore under section 68

NARENDRA CHANDUBHAI RAFALIYA,AHMEDABAD vs. ITO, WARD-3(3)(8), AHMEDABAD

In the result, the additional ground of appeal of the assessee is allowed for statistical purposes

68 of the Act amounting to " 63,58,700/- being the total amount of cash deposits made in the bank account held by the assessee. 5. In appeal, Ld. CIT(Appeals) give partial relief to the assessee and restricted addition under section 44AD of the Act to " 37,07,260

SMT. AMISHI SWAPNIL SHAH,AHMEDABAD vs. ITO, WARD-5(2)(3), AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No.1923/Ahd/2018 "नधा"रण वष"/Asstt. Year: 2010-2011 Smt Amishi Swapnil Shah, Income Tax Officer, 11, Gokul Row House, Ward-5(2) (3), Vs. Nr.Shyamal Row House, Ahmedabad. Satellite, Ahmedabad-380015 Pan: Baxps8977C

section 68 can be made for the credit in bank account. The ld. CIT(A) also followed the decision of the Hon’ble Rajasthan High Court in the case of Indian Woollen Carpet Factory –vs- ITAT reported in 260

GOPINATH BUILDCON PVT. LTD.,AHMEDABAD vs. DCIT, CIRCLE-2(1)(1),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Smt. Annapurna Gupta & Ms. Suchitra Kambleassessment Year: 2012-3

260/-. The case was selected for scrutiny and notice under Section 143(2) of the Income Tax Act, 1961 was issued on 12.09.013 and was served upon the assessee. Notices under Section 142(1) of the Act were issued on 12.09.2013 and 23.09.2014. In response to the same notices, the Ld. AR of the assessee attended the assessment

MINOR HARESH KARSANBHAI PATEL ORAL SPECIFIC DEFERRED FAMILY TRUST,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-5(2)(2) NOW WARD- 5(3)(1), AHMEDABAD

In the result, the appeal filed by the assesee is partly allowed

Bench: Shri Waseem Ahmedआयकरअपीलसं./Ita No. 863/Ahd/2023 धििाधरणवरध/Asstt. Year: 1982-1983 Minor Haresh Karsanbhai Patel Oral Income Tax Officer, Specific Deferred Family Trust, Vs. Ward-5(2)(2), Nirma House, Ahmedabad. Near Income Tax Circle, Now Ashram Road, Income Tax Officer, Ahmedabad-380009. Ward 5(3)(1), Ahmedabad Pan: Aaath4880P

260 or section 262 or section 263 or section 264, wholly or partly, otherwise than by making a fresh assessment or reassessment, the assessee shall be entitled to receive, in addition to the interest payable under sub-section (1), an additional interest on such amount of refund calculated at the rate of three per cent annum

AANYA DEVELOPERS,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Rifaur Rahman

section 68 of the Act. He further observed that the assessee has alleged payment of interest on these loans which were termed as bogus, therefore, the expenses claimed in the shape of interest deserves to be disallowed. He disallowed such interest expenditure and made addition of Rs.3,01,277/-. 5. Dissatisfied with the additions, the assessee carried the matter

SHRI DHANESH P.SONI,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-3(2),, AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

68 of the Income Tax Act contemplates that where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof, or the explanation offered by the assessee is not, in the opinion of the AO satisfactory, then the sum so credited

SHRI BHUMIKA STRIPS PRIVATE LIMITED,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

In the result, the appeal filed by the Assessee in ITA No

68 of the Act is involved in all these appeals, for the sake of convenience, the same are disposed of by this common order. ITA Nos.1362, 1363 & 1364/Ahd/2025 2 Asst Years: 2014-15 to 2016-17 Shri Bhumika Strips Private Limited Vs. ITO 2. ITA Nos.1362/Ahd/2025 is taken as lead a lead case. Brief facts of the case is that

SHRI BHUMIKA STRIPS PRIVATE LIMITED,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

In the result, the appeal filed by the Assessee in ITA No

68 of the Act is involved in all these appeals, for the sake of convenience, the same are disposed of by this common order. ITA Nos.1362, 1363 & 1364/Ahd/2025 2 Asst Years: 2014-15 to 2016-17 Shri Bhumika Strips Private Limited Vs. ITO 2. ITA Nos.1362/Ahd/2025 is taken as lead a lead case. Brief facts of the case is that

SHRI BHUMIKA STRIPS PRIVATE LIMITED,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

In the result, the appeal filed by the Assessee in ITA No

68 of the Act is involved in all these appeals, for the sake of convenience, the same are disposed of by this common order. ITA Nos.1362, 1363 & 1364/Ahd/2025 2 Asst Years: 2014-15 to 2016-17 Shri Bhumika Strips Private Limited Vs. ITO 2. ITA Nos.1362/Ahd/2025 is taken as lead a lead case. Brief facts of the case is that

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GUJARAT INFOTECH LIMITED,, AHMEDABAD

In the result, the appeal is allowed for statistical purposes in the terms indicated above

section 68 has been duly discharged by the appellant and no addition in this respect can be made. The addition of Rs. 5.50 lakh is therefore, directed to be deleted.” 6. The Assessing Officer is aggrieved of the relief so granted by the CIT(A) and is in appeal before us. 7. We have heard the rival contentions, perused

M/S GREENWELL ORCHARDS,AHMEDABAD vs. THE PR.CIT-3 , AHMEDABAD

In the result, appeal filed by the Assessee is allowed

section 68 - He thus passed a revisional order setting aside assessment - Tribunal noted that Assessing Officer had made detailed enquiries about aforesaid aspect and mere fact that he did not make any reference to said issue in assessment order, could not make said order erroneous and prejudicial to interest of revenues - High Court by impugned order held that finding

LINESH PATHAK,ASSISTANT COMMISSSIONER OF INCOMETAX CIRCLE 3 1 1,AHMEDABAD, AHMEDABAD vs. PURSHOTTAMBHAI BACHUBHAI PITRODA , AHMEDABAD

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

Bench: The Final Hearing Of The Appeal.

section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year 2017-18. I.T.A No. 1180/Ahd/2024 A.Y. 2017-18 Page No 2 ACIT Vs. Prushottambhai Bachubhai Pitroda 2. The Grounds of Appeal raised by the Revenue reads as under: 1) The Ld. CIT(A) has erred

THE DY.CIT, CENTRAL CIRCLE-2(1), AHMEDABAD vs. M/S. ZYDUS LIFESCIENCES LIMITED (FORMERLY KNOWN AS M/S. CADILA HEALTHCARE LTD.), AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: DR. BRR KUMAR (Vice President), SHRI SIDDHATHA NAUTIYAL (Judicial Member)

68,15,907/- under normal provisions and determining book profit of Rs 160,04,09,477/- u/s. 115JB. 2. On perusal of records, it is noticed that rectification order passed in the case of assessee company on 05/07/2017 wherein credit of DDT of Rs.9,53,58,500/- paid by the assessee was allowed against DDT demand payable