WAVES TRADELINE PRIVATE LIMITED,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

433 (Bom.) respectively have applied the same principle: that any notice issued under section 148 or deemed to be issued under section 148A(b) for AY 2015- 16 after 01.04.2021 is void ab initio. The jurisdictional Gujarat High Court in Narendra Maganlal Purohit v. DCIT, (supra) has also followed the ratio of Rajeev Bansal (supra) and held that

INCOME TAX OFFICER, WARD-1(8), BHAVNAGAR, BHAVNAGAR vs. ALINAQI GULAMABBAS BHIMANI, BHAVNAGAR

The appeal of the Revenue is treated as allowed for statistical purposes

Bench: Shri Sanjay Garg & Annapurna Guptaआयकर अपील सं /Ita No.2140/Ahd/2025 िनधा"रण वष" /Assessment Year : 2018-19 The Income Tax Officer Alinaqi Gulamabbas Bhimani बनाम/ Ward-1(8) Prop. Of United Steel V/S. Bhavnagar – 364 001 Corporation Nr. Bajrangdas Dada Ni Vav At Sihor Dist. Bhavnagar – 364 240 "थायी लेखा सं./Pan: Bljpb 9200 L (अपीलाथ(/ Appellant) ()* यथ(/ Respondent) Assessee By : Shri Varis Isani, Advocate Revenue By : Shri Arvind Kumbhare, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 20/01/2026 घोषणा की तारीख /Date Of Pronouncement: 28/01/2026 आदेश/O R D E R Per Sanjay Garg:

433/-) made by the Assessing Officer under Section 68 (read with Section 115BBE) of the Income-tax Act, without

SHRI PARESH N. PATEL,,BARODA vs. THE INCOME TAX OFFICER, WARD-2(4),, BARODA

In the result, the appeal of the assessee is hereby partly allowed

Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकरअपीलसं./Ita No.23/Ahd/2015 धििाधरणवरध/Asstt. Year: 2010-2011 Vatsal Paresh Patel, Income Tax Officer, L/H Of Paresh N Patel, Vs. Ward 2(4), 16 Kamalkunj Society, Baroda. Nizampura, Vadodara-390002. Pan: Blqpp4850H

section 68 of the Act and added to the total income of the assessee. 15. The aggrieved assessee preferred an appeal before the learned CIT(A). 15.1 The assessee submitted that he and his wife Smt. Manisha Patel have joint bank account and whatever deposit made in the bank account on behalf of his wife are treated as unsecured

VISHALA HITESH LOONIA,AHMEDABAD vs. ACIT., CIRCLE-5(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

433/-. During the previous year, the assessee earned both Short Term and Long Term Capital Gain and also income from other source comprising of interest income. The assessee has also claimed exempt income of Rs. 29,26,170/- u/s. 10(38) of the Act. During the course of assessment, Ld. Assessing Officer found that the assessee purchased 6000 shares

ZEETA ELECTRICAL ENGINEERING PVT. LTD,AHMEDABAD vs. ITO, WARD-4(1)(4), AHMEDABAD

Appeal is dismissed

Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarassessment Year : 2012-13 Zeeta Electrical Engineering The Ito Pvt.Ltd. Vs Ward-4(1)(4) Office Of C.K. Damani & Ahmedabad Associates 2Nd Floor, Agrawal Chambers Opp. Town Hall, Ellisbridge Ahmedabad Pan: Aaacz 2958 F अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri S.N. Divatia, A.R. Revenue By : Ms. Saumya Pandey Jain, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 11/12/2023 घोषणा क" तार"ख /Date Of Pronouncement: 08/03/2024 आदेश/O R D E R Per Annapurna Gupta

section 68 of the Act. A detailed list of the parties with respect to whose credit balance addition pertained to, was filed before us giving details of all the documents filed in discharge of the onus of the assessee. We have also noted from the same that such details do not mention any opening balance with respect

WELSPUN PROJECTS LTD.(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.),BARODA vs. THE INCOME TAX OFFICER, WARD-4(1), BARODA

In the result, both appeals of the assessee are allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No. 1864/Ahd/2013 "नधा"रण वष"/Assessment Year: 2005-06 & "नधा"रण वष"/Assessment Year: 2006-2007 Welspun Projects (Formerly Known Ito, Ward-4(1) As Msk Projects (India) Ltd. Vs Baroda. 707-708, Sterling Centre R.C.Dutt Road, Alkapuri Baroda 390 005. Pan : Aabcm 4107 C अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Vartik Chokshi With Shri Biren Shah, Ar Revenue By : Smt.Aparna M. Agrawal, Dr

68,23,101 u/s.80-IA(4) of the I.T. Act, the relevant facts are that the assessment was originally made on 31st December, 2007 u/s.143(3) of the I.T. Act. At para-2 of this assessment order the Assessing Officer has stated that the appellant-company is engaged in the business of development of infrastructure projects and that during the current

WELSPUN PROJECTS LTD.(FORMERLY KNOWN AS MSK PROJECTS (INDIA) LTD.),BARODA vs. THE DY.CIT, RANGE-4,, BARODA

In the result, both appeals of the assessee are allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./ Ita No. 1864/Ahd/2013 "नधा"रण वष"/Assessment Year: 2005-06 & "नधा"रण वष"/Assessment Year: 2006-2007 Welspun Projects (Formerly Known Ito, Ward-4(1) As Msk Projects (India) Ltd. Vs Baroda. 707-708, Sterling Centre R.C.Dutt Road, Alkapuri Baroda 390 005. Pan : Aabcm 4107 C अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Vartik Chokshi With Shri Biren Shah, Ar Revenue By : Smt.Aparna M. Agrawal, Dr

68,23,101 u/s.80-IA(4) of the I.T. Act, the relevant facts are that the assessment was originally made on 31st December, 2007 u/s.143(3) of the I.T. Act. At para-2 of this assessment order the Assessing Officer has stated that the appellant-company is engaged in the business of development of infrastructure projects and that during the current

WAVES TRADELINE PRIVATE LIMITED,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

The appeals of the assessee are allowed

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

433 (Bom.) respectively have applied the same principle: that any notice issued under section 148 or deemed to be issued under section 148A(b) for AY 2015- 16 after 01.04.2021 is void ab initio. The jurisdictional Gujarat High Court in Narendra Maganlal Purohit v. DCIT, (supra) has also followed the ratio of Rajeev Bansal (supra) and held that

WAVES TRADELINE PRIVATE LIMITED,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

The appeals of the assessee are allowed

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

433 (Bom.) respectively have applied the same principle: that any notice issued under section 148 or deemed to be issued under section 148A(b) for AY 2015- 16 after 01.04.2021 is void ab initio. The jurisdictional Gujarat High Court in Narendra Maganlal Purohit v. DCIT, (supra) has also followed the ratio of Rajeev Bansal (supra) and held that

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1(1), AHMEDABAD vs. ASTRAL LIMITED, AHMEDABAD

In the result, ground number 2 of the Department’s appeal is dismissed

Bench: The First Appellate Authority Which Has Been Decided By The Ld. Cit(A) Vide The Impugned Order. The Revenue Is In Appeal Us Before Us.

section 37(1) of the Act. 8.5 In the case of Cera Sanitaryware Ltd[2016] 68 taxmann.com 433 (Ahmedabad

PATEL AMBALAL LAXMANDAS NI CO.,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-2(3), AHMEDABAD

In the result, all the appeals filed by the Assessee are hereby dismissed

433, 434 has categorically defined "collection of sheets fastened and bound together so as to form material whole as book'. I.T.A No. 1014, 1016 & 1018/Ahd/2019 A.Y. 2009-10 to 2011-12 Page No 5 Patel Ambalal Laxmandas Ni Co. vs. ACIT Further, spiral note books and spiral pads are regarded as books within the meaning of section

PATEL AMBALAL LAXMANDAS NI CO.,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-2(3), AHMEDABAD

In the result, all the appeals filed by the Assessee are hereby dismissed

433, 434 has categorically defined "collection of sheets fastened and bound together so as to form material whole as book'. I.T.A No. 1014, 1016 & 1018/Ahd/2019 A.Y. 2009-10 to 2011-12 Page No 5 Patel Ambalal Laxmandas Ni Co. vs. ACIT Further, spiral note books and spiral pads are regarded as books within the meaning of section

PATEL AMBALAL LAXMANDAS NI CO.,AHMEDABAD vs. THE ACIT, CENTRAL CIRCLE-2(3), AHMEDABAD

In the result, all the appeals filed by the Assessee are hereby dismissed

433, 434 has categorically defined "collection of sheets fastened and bound together so as to form material whole as book'. I.T.A No. 1014, 1016 & 1018/Ahd/2019 A.Y. 2009-10 to 2011-12 Page No 5 Patel Ambalal Laxmandas Ni Co. vs. ACIT Further, spiral note books and spiral pads are regarded as books within the meaning of section

ASCENT FINECHEM PVT. LTD.,,AHMEDABAD vs. THE ACIT., CIRCLE-1, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q

68 Taxman.com 433 wherein it was held as under: “Held that the question is, whether electrical fittings, fans in the case of the assessee are integral part of plant or machinery or they are independent items. If they can function independently of plant and machinery, then probably the Assessing Officer would be right in restricting the claim of depreciation

ASCENT FINECHEM PVT. LTD.,,AHMEDABAD vs. THE ACIT., CIRCLE-1(1)(2),, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q

68 Taxman.com 433 wherein it was held as under: “Held that the question is, whether electrical fittings, fans in the case of the assessee are integral part of plant or machinery or they are independent items. If they can function independently of plant and machinery, then probably the Assessing Officer would be right in restricting the claim of depreciation

ASCENT FINECHEM PVT. LTD.,,AHMEDABAD vs. THE DCIT., CIRCLE-1(1)(1),, AHMEDABAD

In the result the appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q

68 Taxman.com 433 wherein it was held as under: “Held that the question is, whether electrical fittings, fans in the case of the assessee are integral part of plant or machinery or they are independent items. If they can function independently of plant and machinery, then probably the Assessing Officer would be right in restricting the claim of depreciation

AXIS BANK LIMITED,AHMEDABAD vs. THE DY.CIT, CIRCLE-1 NOW CIRCLE-1(1)(1), AHMEDABAD

In the result appeal of the Revenue is partly allowed for statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedsl. Ita No(S) Asset. Appeal(S) By No(S) Year(S) Appellant Vs. Respondent Appellant Respondent 1. 311/Ahd/2016 2010-11 Axis Bank Limited, D.C.I.T., “Trishul”, 3Rd Floor, Circle-1(1)(1) Opp. Samtheshwar Ahmedabad. Mahadev Near Law Garden, Ellisbridge, Ahmedabad-380006. Pan: Aaacu2414K 2. 2176/Ahd/2016 2011-12 Axis Bank Limited, D.C.I.T., “Trishul”, 3Rd Floor, Circle-1(1)(1) Opp. Samtheshwar Ahmedabad. Mahadev Near Law Garden, Ellisbridge, Ahmedabad-380006. Pan: Aaacu2414K 3. 2173/Ahd/2016 2011-12 D.C.I.T., Axis Bank Limited, Circle-1(1)(1) Ahmedabad. Ahmedabad. Pan: Aaacu2414K 4. 165/Ahd/2017 2012-13 Axis Bank Limited, D.C.I.T., Ahmedabad. Circle-1(1)(1) Ahmedabad. Pan: Aaacu2414K 5. 287/Ahd/2017 2012-13 D.C.I.T., Axis Bank Limited, Circle-1(1)(1) Ahmedabad. Ahmedabad. Pan: Aaacu2414K 6-7 520 & 2013-14 Axis Bank Limited, D.C.I.T., 521/Ahd/2018 & Ahmedabad. Circle-1(1)(1) 2014-15 Ahmedabad. Pan: Aaacu2414K 8-9 604 & 605/ 2013-14 D.C.I.T., Axis Bank Limited, Ahd/2018 & Circle-1(1)(1) Ahmedabad. 2014-15 Ahmedabad. Pan: Aaacu2414K

433/- is upheld This ground of appeal is dismissed. 14. Being aggrieved by the order of the ld. CIT-A, the assessee is in appeal before us. 15. The learned AR before us contended that the learned CIT (A) has confirmed the order of the AO by placing reliance on the order of his predecessor for the assessment year

ITO, WARD-3(3)(5), AHMEDABAD, AHMEDABAD vs. SHYAM RANCHHODLAL GANATRA, SATELLITE AHMEDABAD

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

Bench: The Ld.Cit(A), Wherein Additional Evidences Were Filed. The Ld.Nfac Called For Remand Report From The Assessing Officer & Thus Confirmed The Addition Of Rs.1,05,000/- & Bank Interest Of Rs.51,433/- & Deleted The Balance Addition Of Rs.12,13,80,736/- By Observing As Follows:

section 144 of the Income-tax Act, 1961 [hereinafter referred to as ‘the Act’] relating to the Asst. Year 2017-18. 2. The brief fact of the case is that the assessee is engaged in the Real Estate Business. During the demonetization period the assessee made cash deposits in Axis Bank and during non demonetization period in all amounting