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

price. Similarly, the contention of the assessee that cash of Rs. 2.98 crores was paid out of undisclosed income of the directorsof Rs. 3.21 crores is not accepted for the reason that there was no evidence that the disclosure was made against unaccounted investment. The return was filed by the directors and their relatives under section 139(4) disclosing brokerage

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

price. Similarly, the contention of the assessee that cash of Rs. 2.98 crores was paid out of undisclosed income of the directorsof Rs. 3.21 crores is not accepted for the reason that there was no evidence that the disclosure was made against unaccounted investment. The return was filed by the directors and their relatives under section 139(4) disclosing brokerage

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

price. Similarly, the contention of the assessee that cash of Rs. 2.98 crores was paid out of undisclosed income of the directorsof Rs. 3.21 crores is not accepted for the reason that there was no evidence that the disclosure was made against unaccounted investment. The return was filed by the directors and their relatives under section 139(4) disclosing brokerage

M/S. PUSHKAR CORPORATION,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(4), AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 2213-2214/Ahd/2018 िनधा"रण वष"/Asstt. Years: 2011-2012 & 2012-2013 M/S. Pushkar Corporation, D.C.I.T., 27, Nakshatra Arcade, Vs. Central Circle-1(4), Ioc Road, Ahmedabad. Chandkheda, Ahmedabad. C/O. M.S. Chhajed & Co. “Kamal Shanti” Besides Bank Of Baroda, Nr. Sardar Patel Under Bridge, Naranpura, Ahmedabad-380014. Pan: Aalep1840Q & आयकर अपील सं./Ita Nos. 2345-2346/Ahd/2018 िनधा"रण वष"/Asstt. Years: 2011-2012 & 2012-2013 D.C.I.T., M/S. Pushkar Corporation, Central Circle-1(4), Vs. 27, Nakshatra Arcade, Ahmedabad. Ioc Road, Chandkheda, Ahmedabad. C/O. M.S. Chhajed & Co. “Kamal Shanti” Besides Bank Of Baroda, Nr. Sardar Patel Under Bridge, Naranpura, Ahmedabad-380014. Pan: Aalep1840Q

price of Rs.3,50,00,000. Thus, the unaccounted cash payment of Rs.11,17,57,500 is made to M/s.Pushkar Corporation by M/s. Kunjan Corporation. 5. Based on the above, the AO was of the view that there was the involvement of element of cash amounting to ₹ 22.80 crores in the impugned Sale Transaction of Land made by the assessee

M/S. PUSHKAR CORPORATION,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-1(4), AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 2213-2214/Ahd/2018 िनधा"रण वष"/Asstt. Years: 2011-2012 & 2012-2013 M/S. Pushkar Corporation, D.C.I.T., 27, Nakshatra Arcade, Vs. Central Circle-1(4), Ioc Road, Ahmedabad. Chandkheda, Ahmedabad. C/O. M.S. Chhajed & Co. “Kamal Shanti” Besides Bank Of Baroda, Nr. Sardar Patel Under Bridge, Naranpura, Ahmedabad-380014. Pan: Aalep1840Q & आयकर अपील सं./Ita Nos. 2345-2346/Ahd/2018 िनधा"रण वष"/Asstt. Years: 2011-2012 & 2012-2013 D.C.I.T., M/S. Pushkar Corporation, Central Circle-1(4), Vs. 27, Nakshatra Arcade, Ahmedabad. Ioc Road, Chandkheda, Ahmedabad. C/O. M.S. Chhajed & Co. “Kamal Shanti” Besides Bank Of Baroda, Nr. Sardar Patel Under Bridge, Naranpura, Ahmedabad-380014. Pan: Aalep1840Q

price of Rs.3,50,00,000. Thus, the unaccounted cash payment of Rs.11,17,57,500 is made to M/s.Pushkar Corporation by M/s. Kunjan Corporation. 5. Based on the above, the AO was of the view that there was the involvement of element of cash amounting to ₹ 22.80 crores in the impugned Sale Transaction of Land made by the assessee

THE MODERN CONSTRUCTION CO. PVT. LTD.,AHMEDABAD vs. ITO, WARD-2(1)(4), AHMEDABAD

The appeal of the assessee is allowed for statistical\npurposes

seizure action u/s 132 of the Act on\n26/27 10 2012 at the Corporate Office of Sarang Chemicals Ltd\nsituated at C-4/806, Anushruti Apartment, Near Jain Temple, Thaltej,\nAhmedabad loose papers inventorized as Annexure A-1 was found\nand seized as per Panchnama dated 27.10.2012\nPage No 11 to 19 of Annexure AI is a Memorandum of Understanding

THE UNITED BUILDERS CORPORATION ,,AHMEDABAD vs. DY.CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

The appeal of the assessee is allowed for statistical\npurposes

seizure action u/s 132 of the Act on\n26/27 10 2012 at the Corporate Office of Sarang Chemicals Ltd\nsituated at C-4/806, Anushruti Apartment, Near Jain Temple, Thaltej,\nAhmedabad loose papers inventorized as Annexure A-1 was found\nand seized as per Panchnama dated 27.10.2012\nPage No 11 to 19 of Annexure Al is a Memorandum of Understanding

MODERN CONSTRUCTION CO. PVT. LTD.,AHMEDABAD vs. THE DY.CIT, CENTRAL CIRCLE-1(1),, AHMEDABAD

The appeal of the assessee is allowed for statistical\npurposes

seizure action u/s 132 of the Act on\n26/27 10 2012 at the Corporate Office of Sarang Chemicals Ltd\nsituated at C-4/806, Anushruti Apartment, Near Jain Temple, Thaltej,\nAhmedabad loose papers inventorized as Annexure A-1 was found\nand seized as per Panchnama dated 27.10.2012\nPage No 11 to 19 of Annexure Al is a Memorandum of Understanding

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

transfer of the shares. Therefore, merely a party has offered an income to tax before the ITA No.2130&2131/Ahd/2017 & ITA No. 398/Ahd/2018 & 547/Ahd/2018 A.Ys. 2012-13&2013-14 & 2014-15 8 settlement commission cannot bind the assessee. In view of the above, the learned CIT-A deleted the addition made by the AO. 20. Being aggrieved by the order

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

transfer of the shares. Therefore, merely a party has offered an income to tax before the ITA No.2130&2131/Ahd/2017 & ITA No. 398/Ahd/2018 & 547/Ahd/2018 A.Ys. 2012-13&2013-14 & 2014-15 8 settlement commission cannot bind the assessee. In view of the above, the learned CIT-A deleted the addition made by the AO. 20. Being aggrieved by the order

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

transfer of the shares. Therefore, merely a party has offered an income to tax before the ITA No.2130&2131/Ahd/2017 & ITA No. 398/Ahd/2018 & 547/Ahd/2018 A.Ys. 2012-13&2013-14 & 2014-15 8 settlement commission cannot bind the assessee. In view of the above, the learned CIT-A deleted the addition made by the AO. 20. Being aggrieved by the order

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

transfer of the shares. Therefore, merely a party has offered an income to tax before the ITA No.2130&2131/Ahd/2017 & ITA No. 398/Ahd/2018 & 547/Ahd/2018 A.Ys. 2012-13&2013-14 & 2014-15 8 settlement commission cannot bind the assessee. In view of the above, the learned CIT-A deleted the addition made by the AO. 20. Being aggrieved by the order

SHRI PRAHLAD S. MEHTA L/H OF LATE RAJPAL P. MEHTA,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-10(3) NOW WARD-5(2)(3), AHMEDABAD

In the result, this ground of appeal is dismissed

seizure action carried out on 25.11.2009 in the group cases of M/s. Mahasagar Securities Ltd. and its group companies controlled by Shri Mukesh N. Chkshi at Mumbai. During the course of search proceedings Shri Mukesh N. Chokshi himself has admitted that all his group companies were providing entries for taking profit or loss by showing purchases or sales of shares

ARUNABEN KISHORKUMAR MANDALIA,AHMEDABAD vs. THE PR.CIT, CENTRAL, AHMEDABAD

In the result, the appeal preferred by the assessee is allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं./Ita Nos. 1052 To 1054/Ahd/2025 िनधा"रण वष"/Asstt. Years: 2017-18 To 2020-21 Arunaben Kishorkumar Mandalia, The Principal बनामVs 12, Ashwamegh-Iii, Commissioner Of . 132 Feet Ring Road, Income Tax (Central), Satellite, Ahmedabad. Ahmedabad-380015. Pan: Ablpm2848Q (अपीलाथ" /Appellant ( ""यथ" /Respondent) Assessee By : Shri M K Patel, With Shri Vartik Choksi, Ars Revenue By : Shri Sher Singh, Cit.Dr

seizure action, the residential premise of Shri Suresh Ranchhodbhai Thakkar, PANABXPT1494K at 8-7, Shantiniketan Bungalows, Behind AUDA Garden, Prahladnagar, Ahmedabad was also covered u/s. 132 of the Act as he is one of the leading land brokers. You were also apprised that during the course of search action, various incriminating documents and digital data relating pertaining to you were

ARUNABEN KISHORKUMAR MANDALIA,AHMEDABAD vs. THE PR.CIT, CENTRAL, AHMEDABAD

In the result, the appeal preferred by the assessee is allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं./Ita Nos. 1052 To 1054/Ahd/2025 िनधा"रण वष"/Asstt. Years: 2017-18 To 2020-21 Arunaben Kishorkumar Mandalia, The Principal बनामVs 12, Ashwamegh-Iii, Commissioner Of . 132 Feet Ring Road, Income Tax (Central), Satellite, Ahmedabad. Ahmedabad-380015. Pan: Ablpm2848Q (अपीलाथ" /Appellant ( ""यथ" /Respondent) Assessee By : Shri M K Patel, With Shri Vartik Choksi, Ars Revenue By : Shri Sher Singh, Cit.Dr

seizure action, the residential premise of Shri Suresh Ranchhodbhai Thakkar, PANABXPT1494K at 8-7, Shantiniketan Bungalows, Behind AUDA Garden, Prahladnagar, Ahmedabad was also covered u/s. 132 of the Act as he is one of the leading land brokers. You were also apprised that during the course of search action, various incriminating documents and digital data relating pertaining to you were

ARUNABEN KISHORKUMAR MANDALIA,AHMEDABAD vs. THE PR.CIT, CENTRAL, AHMEDABAD

In the result, the appeal preferred by the assessee is allowed

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं./Ita Nos. 1052 To 1054/Ahd/2025 िनधा"रण वष"/Asstt. Years: 2017-18 To 2020-21 Arunaben Kishorkumar Mandalia, The Principal बनामVs 12, Ashwamegh-Iii, Commissioner Of . 132 Feet Ring Road, Income Tax (Central), Satellite, Ahmedabad. Ahmedabad-380015. Pan: Ablpm2848Q (अपीलाथ" /Appellant ( ""यथ" /Respondent) Assessee By : Shri M K Patel, With Shri Vartik Choksi, Ars Revenue By : Shri Sher Singh, Cit.Dr

seizure action, the residential premise of Shri Suresh Ranchhodbhai Thakkar, PANABXPT1494K at 8-7, Shantiniketan Bungalows, Behind AUDA Garden, Prahladnagar, Ahmedabad was also covered u/s. 132 of the Act as he is one of the leading land brokers. You were also apprised that during the course of search action, various incriminating documents and digital data relating pertaining to you were

OVEZ ARIFBHAI LAKHANI,BHAVNAGAR vs. THE PR. CIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Income Tax Appellate Tribunal, Ahmedabad Benches, Has Arisen From The Revisionary Order Dated 12.03.2024 Passed By Ld. Principal

search and seizure action u/s 132 was conducted in the case of Jatia Group and other related entities on 17.04.2018 . The premises of the KDJHRL was also covered u/s 133A . The said company KDJHRL is a recognized penny stock with scrip code 530701 engaged in providing bogus long term capital gain/loss to various entities. The assessee

ROSHNIBEN SUMANLAL KAPADIA,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-5(3)(2), AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2013-14

price. As per the observation of the Assessing Officer, a search u/s. 132 was launched on 11-09-2018 in the case of Jignesh Shah, an accommodation entry provider of Ahmedabad. The search resulted into seizure of unaccounted cash of Rs. 19.3 crores related to accommodation entries and commission earned thereon from residential premises of Jignesh Shah along with incriminating

THE DY. CIT, CENTRAL CIRCLE-1,, VADODARA vs. M/S. FARMVILE ENTERPRISE,, VADODARA

In the result, the appeal of the assessee is dismissed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2013-14

price. As per the observation of the Assessing Officer, a search u/s. 132 was launched on 11-09-2018 in the case of Jignesh Shah, an accommodation entry provider of Ahmedabad. The search resulted into seizure of unaccounted cash of Rs. 19.3 crores related to accommodation entries and commission earned thereon from residential premises of Jignesh Shah along with incriminating