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 68 of the Act primarily on the basis of certain affidavits found during search and enquiries conducted by the Investigation Wing. Further, on the basis of entries in a seized Excel file, the Assessing Officer made an addition of Rs.5,00,000/- u/s 69C

ALANG STEEL RECYCLING PRIVATE LIMITED,BHAVNAGAR vs. THE PR. CIT-1, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyalalang Steel Recycling The Pr. Cit-1, Private Limited Vs. Ahmedabad – 380 015 Ground Floor, Shop No.G-1 Sukun-1, Bhilwara Circle Bhavnagar – 364 001 [ Pan: Aamca 4837 A ] (Appellant) .. (Respondent) Assessee Represented By : Shri Parimalsinh B. Parmar, Ar Revenue Represented By : Shri R.P. Rastogi, Cit-Dr 08.12.2025 Date Of Hearing Date Of Pronouncement 16.01.2026

69C. Such bogus claims can only be disallowed under section 37(1) as inadmissible business expenditure and cannot be converted into deemed income so as to attract section 115BBE. Accordingly, the Tribunal held that while non- application of section 115BBE to a valid section 68

M/S. ARIHANT JEWELS,AHMEDABAD vs. THE ITO, WARD-5(3)(3), AHMEDABAD

In the result, the appeal of the assessee is allowed

68 or section 69 or section 69A or section 69B or section 69C or section

SHRI SANDIP BHARATBHAI VADODARIYA,BHAVANAGAR vs. THE DCIT CIRCLE-2, BHAVNAGAR

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

Bench: Shri Waseem Ahmed & Shri Siddharatha Nautiyalआयकर अपील सं./Ita No. 1144/Ahd/2019 िनधा"रण वष"/Asstt. Year: 2011-2012 Shri Sandip Bharatbhai Vadodariya, D.C.I.T., Jawaharnagar, Paliyad Road, Vs. Circle-2, Botad, Bhavnagar. Bhavnagar.

68 or section 69 or section 69A or section 69B or section 69C or section

THE DCIT, CENTRAL CIRCLE-1(4), AHMEDABAD vs. M/S. GTC OILFIELDS SERVICES P. LTD, AHMEDABAD

In the result, all the 8 appeals filed by the Revenue are dismissed

Bench: Shri P.M. Jagtap, Vice- & Ms. Madhumita Royappeal No. Ay Appellant Respondent Sn M/S. Gtc Oilfields Services P. Ltd., 2009-10 The Dcit, 61, New York Tower, A-Block, It(Ss)A Nos. 1-3 2010-11 Central Circle 1(4), Thaltej Char Rasta, S.G. Road, 314 To 316/Ahd/2019 2014-15 Ahmedabad Ahmedabad-380054 Pan : Aaacg 8684 P The Dcit, M/S. Gtc Oilfields Services P. Ltd.

68 of the Act IT(SS)A Nos. 314 to 317, 971 of 2019 & 111, 117, 118 of 2018 Assessees : GTC Oilfields, Globe Ecologistics & GTC Petrotech AYs : 2009-10 to 2015-16 7 as well as the additions made under Section 69C

MUKESH MOHANLAL VAGHELA,MUMBAI vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,MUMBAI vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,MUMBAI vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,MUMBAI vs. DCIT CC 1(1) , AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,MAHARASHTRA vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,MUMBAI vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,AHMEDABAD vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

DCIT CENTRAL CIRCLE 1(1) AHMEDABAD, AHMEDABAD vs. MUKESH MOHANLAL VAGHELA, MUMBAI

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

MUKESH MOHANLAL VAGHELA,MUMBAI vs. DCIT CC 1(1) AHMEDABAD, AHMEDABAD

The appeal of the Department is allowed for assessment year 2020-21

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

69C on account of incremental peak, along with interest additions under section 56 of the Act. 13. For Assessment Year 2021–22, the Assessing Officer departed from the earlier approach and separately added debit-side entries as unexplained income under section 69A amounting to ₹2,60,68

PARK PARADISE,VADODARA vs. THE PR. CIT-1, VADODARA

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

Bench: Smt. Annapurna Gupta, Accountant Member\nAnd Shri T.R. Senthil Kumar, Judicial Member\nITA Nos.207 & 208/Ahd/2022\nAssessment Year 2017-18\nPark Plaza\nNr. Saurabh Park,\nGotri-Samata, Road,\nGotri Vadodara\nGujarat-390021\nPAN: AAPFP6647K\nVs\nThe PCIT,\nVadodara-1,\nVadodara\nPark Paradise\nPlot No. 75,\nNr. Billa Bong School,\nVadsar, Vadodara\nGujarat-390010\nPAN: AASFP0787D\n(Appellant)\nVs\nThe PCIT,\nVadodara-1,\nVadodara\n(Respondent)\nAssessee Represented: Shri M.J. Shah, Adv. &\nS

68 section 69, section 69A, section 69B, section 69C or section 69D,\nif such income

PARK PLAZA,VADODARA vs. THE PR. CIT-1, VADODARA

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

Bench: Smt. Annapurna Gupta, Accountant Member\nAnd Shri T.R. Senthil Kumar, Judicial Member\n\nITA Nos.207 & 208/Ahd/2022\nAssessment Year 2017-18\n\n| Park Plaza\n| Nr. Saurabh Park,\n| Gotri-Samata, Road,\n| Gotri Vadodara\n| Gujarat-390021\n| PAN: AAPFP6647K\n| Park Paradise\n| Plot No. 75,\n| Nr. Billa Bong School,\n| Vadsar, Vadodara\n| Gujarat-390010\n| PAN: AASFP0787D\n| (Appellant)\n\n| The PCIT,\n| Vadodara-1,\nVs Vadodara\n\n| Vs The PCIT,\n| Vadodara-1,\n| Vadodara\n| (Respondent)\n\nA

68 section 69, section 69A, section 69B, section 69C or section 69D,\nif such income

NARANBHAI SAMATBHAI BHARWAD THROUGH LEGAL HEIR DEVRAJBHAI NARANBHAI BHARWAD,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-6(1)(1), AHMEDABAD

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

Bench: Dr.Brr Kumar & Shri Tr Senthil Kumar

68, section 69, section 69A, section 69B, section 69C or section 69D and reflected in the return

DCIT, CENTRAL CIRCLE-2, VADODARA vs. NEOTECH EDUCATION FOUNDATION, VADODARA

68 of the Act are applicable with respect to the transactions recorded in the books of accounts. As regards the expenses in the given facts and circumstances, the provisions of section 69C