SHRI UMIYA COOPERATIVE CREDIT SOCIETY LTD. ,1, SENETARY ROAD , KUTCHHI PATIDAR VADI, PETLAD TAL. PETLAD DIST. ANAND vs. INCOME TAX OFFICER, WARD-1(3)(1), PETLAD

In the result, Ground No. 2 of the assessee’s appeal is allowed

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

85,500/- u/s 115BBE in respect of addition of Rs. 1,06,47,500/- made as unexplained cash credit u/s 68 of the I.T. Act. The appellant prays to delete the tax of Rs. 63,88,500/- charged u/s 115BBe. 5. Your appellant craves leave to add, amend, alter, vary and / or withdraw any or all of the above grounds

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JAS INFRA SPACE PRIVATE LTD.,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 131 of the Act. Accordingly, no reference can be made to such statements. 71. We also note that the Ld. CIT-A has made the reference to the judgment of Hon’ble Gujarat High Court in the case of Dhansiram Aggarwal vs. CIT reported in 201 ITR 192 while confirming the order of the AO in part. However

JAS INFRASPACE PVT. LTD.,AHMEDABAD vs. DCIT, CIRCLE-2(2)(1),, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 131 of the Act. Accordingly, no reference can be made to such statements. 71. We also note that the Ld. CIT-A has made the reference to the judgment of Hon’ble Gujarat High Court in the case of Dhansiram Aggarwal vs. CIT reported in 201 ITR 192 while confirming the order of the AO in part. However

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JAS INFRA SPACE PRIVATE LTD.,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 131 of the Act. Accordingly, no reference can be made to such statements. 71. We also note that the Ld. CIT-A has made the reference to the judgment of Hon’ble Gujarat High Court in the case of Dhansiram Aggarwal vs. CIT reported in 201 ITR 192 while confirming the order of the AO in part. However

THE ACIT, CIRCLE-2(1)(2),, AHMEDABAD vs. JAS INFRASPACE PRIVATE LIMITED,, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 131 of the Act. Accordingly, no reference can be made to such statements. 71. We also note that the Ld. CIT-A has made the reference to the judgment of Hon’ble Gujarat High Court in the case of Dhansiram Aggarwal vs. CIT reported in 201 ITR 192 while confirming the order of the AO in part. However

SHRI NARENDRA B. PATEL,,SABARKANTHA vs. THE INCOME TAX OFFICER, WARD-2,, HIMATNAGAR

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 3153/Ahd/2014 िनधा"रण वष"/Asstt. Year: 2011-12 Narendra B. Patel, I.T.O., 592, Pampaliva Vas, Vs. Ward-2, Moyad, Himatnagar. Sabarkantha-383110. Pan: Asupp6989M

section 68 of the Act. A.Y. 2011-12 4 6. The learned CIT-A after considering the fact in totality has deleted the addition in part and enhanced the addition made by the AO for ₹ 1.85 Lacs with respect to the loan party namely Shri Parshottambhai Mohanbhai Patel. The amount of addition deleted, confirmed and enhanced are as detailed

JAP AGRO FOODS PVT.LTD.,BARODA vs. THE INCOME TAX OFFICER,WARD-1(4),, BARODA

In the result the appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकरअपीलसं./Ita No. 191/Ahd/2016 "नधा"रणवष"/Asstt. Year: 2011-2012 M/S Jap Agro Foods Pvt. Ltd., I.T.O, Block No.295, Vs. Ward-1(4), Ranu Tal. Padra, Baroda. Vadodara.

85,43,350/- Asstt. Year 2011-12 11 which is sufficient enough to justify the capacity for advancing loan to the assessee. Therefore we are not impressed with the finding of the authorities below. As such the assessee has discharged its primary onus imposed under section 68

ACIT, CIRCLE-3(2), AHMEDABAD vs. M/S. KRAFT LAMINATE, AHMEDABAD

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

Bench: Shri P.M. Jagtap, Vice- & Shri T.R. Senthil Kumarassessment Years : 2015-16 Assistant Commissioner Of M/S. Kraft Laminate, Income-Tax, Vs C/O. Laxmi Timber, Nr. Circle 3(2), Ahmedabad Mahalaxmi Textile Mill, Opp. Rajbai Patel Timber Market, Narol Naroda Highway, Narol, Ahmedabad-382405 Pan : Aamfk 8120 F अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Revenue By : Shri V.K. Singh, Sr. Dr Assessee By : Shri Manish J. Shah, Advocate सुनवाई क" तार"ख/Date Of Hearing : 24/02/2022 घोषणा क" तार"ख /Date Of Pronouncement: 16/03/2022 आदेश/O R D E R Per P.M. Jagtap, Vice-:

Section 68 of the Act. ACIT Vs. M/s. Kraft Laminate AY : 2015-16 7 9. During the year under consideration, capital of Rs.1,85

SMT. MAYURI P. PATEL,VADODARA vs. THE ITO, WARD-1(3)(2), VADODARA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकर अपील सं./Ita No. 92/Ahd/2020 िनधा"रण वष"/Asstt. Year: 2012-2013 Smt. Mayuri P. Patel, Income Tax Officer, Prof. Of Ar Chem Industries 15, Vs. Ward-1(3)(2), Neelkanth Society, Vadodara. B/H Sama Road, Vadodara-390002. Pan: Aqhpp7772K

section 68 of the Act. 11.7 Coming to the loan amount credited from other two parties namely Akshar Trading Co and M.S. Carting Contractor for Rs. 2,33,85

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

section 68 of the Act, Page : 37 Shri Pravinchandra R. Patel and Anrs Vs. DCIT, Cent.Cir.2, Vadodara ITA No.299/Ahd/2019 and Other 20 appeals accordingly the AO treated the same as an unexplained cash credit and added to the total income of the assessee. 85

SHRI PRAVINCHANDRA R PATEL,VADODARA vs. DCIT, CENTRAL CIRCLE-2, VADODARA

section 68 of the Act, Page : 37 Shri Pravinchandra R. Patel and Anrs Vs. DCIT, Cent.Cir.2, Vadodara ITA No.299/Ahd/2019 and Other 20 appeals accordingly the AO treated the same as an unexplained cash credit and added to the total income of the assessee. 85

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

section 68 of the Act, Page : 37 Shri Pravinchandra R. Patel and Anrs Vs. DCIT, Cent.Cir.2, Vadodara ITA No.299/Ahd/2019 and Other 20 appeals accordingly the AO treated the same as an unexplained cash credit and added to the total income of the assessee. 85

M/S. ASIAN AGENCY,,AHMEDABAD vs. THE ACIT, CIRCLE-12,, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt. Madhumita Roy

68. [Para 8] 8.2 The next controversy arises whether the addition can be made on estimated basis on the amount of unaccounted sales as admitted by the assessee during the appellate proceeding and elaborated above. In this regard we note that assessee itself has admitted that sales were made outside books in order to gain some extra profit besides commission

M/S. ASIAN AGENCY,,AHMEDABAD vs. THE ACIT, CIRCEL-7(2),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt. Madhumita Roy

68. [Para 8] 8.2 The next controversy arises whether the addition can be made on estimated basis on the amount of unaccounted sales as admitted by the assessee during the appellate proceeding and elaborated above. In this regard we note that assessee itself has admitted that sales were made outside books in order to gain some extra profit besides commission

M/S. ASIAN AGENCY,,AHMEDABAD vs. COMMISSIONER OF INCOME TAX,VII,, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt. Madhumita Roy

68. [Para 8] 8.2 The next controversy arises whether the addition can be made on estimated basis on the amount of unaccounted sales as admitted by the assessee during the appellate proceeding and elaborated above. In this regard we note that assessee itself has admitted that sales were made outside books in order to gain some extra profit besides commission

M/S. ASIAN AGENCY,,AHMEDABAD vs. THE DCIT, CIRCEL-7(2),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt. Madhumita Roy

68. [Para 8] 8.2 The next controversy arises whether the addition can be made on estimated basis on the amount of unaccounted sales as admitted by the assessee during the appellate proceeding and elaborated above. In this regard we note that assessee itself has admitted that sales were made outside books in order to gain some extra profit besides commission

M/S. ASIAN AGENCY,,AHMEDABAD vs. THE ACIT, CIRCEL-7(2),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt. Madhumita Roy

68. [Para 8] 8.2 The next controversy arises whether the addition can be made on estimated basis on the amount of unaccounted sales as admitted by the assessee during the appellate proceeding and elaborated above. In this regard we note that assessee itself has admitted that sales were made outside books in order to gain some extra profit besides commission

THE ITO, WARD-7(2)(1),, AHMEDABAD vs. M/S. ASIAN AGENCY,, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt. Madhumita Roy

68. [Para 8] 8.2 The next controversy arises whether the addition can be made on estimated basis on the amount of unaccounted sales as admitted by the assessee during the appellate proceeding and elaborated above. In this regard we note that assessee itself has admitted that sales were made outside books in order to gain some extra profit besides commission