SWASTIK DEVELOPERS,AHMEDABAD vs. THE INCOME TAX OFFICER WARD 3(3)(5), AHMEDABAD
In the result, the appeal of the assessee is allowed
ITA 955/AHD/2025[2017-18]Status: DisposedITAT Ahmedabad07 Aug 2025AY 2017-18
Bench: S/Shri Sanjay Garg & Makarand V.Mahadeokarasstt.Year : 2017-2018 Swastik Developers The Ito, Ward-3(3)(5), 21, Swastik House Vs. Ahmedabad. B/H.Sardar Patel Stadium Ahmedabad. Pan : Acyfs 0641 R (Applicant) (Responent) : Shri Prashant Shrivastav, Ar Assessee By : Shri Hargovind Singh, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 06/08/2025 घोषणा क" तारीख /Date Of Pronouncement: 07/08/2025
For Appellant: Shri Hargovind Singh, Sr.DR
Section 144BSection 147Section 148Section 148ASection 250Section 68Section 69
144B(xvi)(b) of the Act. The AO, therefore, proceeded to complete the reassessment ex parte and passed the order dated 23.05.2023 determining total income at Rs.4,28,64,954/-, comprising the following additions:
i.
Addition of Rs.2,91,23,300/- under section 69 of the Act, being unexplained investment in the purchase of immovable property; and
ii.
Addition
