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

BHOGILAL ODHAVJI INDUSTRIAL ENTERPRISES PVT. LTD.,,AHMEDABAD vs. THE DCIT, CIRCLE-1(1),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Smt Madhumita Royआयकर अपील सं./I.T.A. No. 2889/Ahd/2017 ("नधा"रण वष" / Assessment Year : 2012-13) Bhogilal Odhavji Industrial Dcit, बनाम/ Enterprises Pvt. Ltd., Circle -1(1), Vs. Asarva Bethak, Asarva, Ahmedabad. Ahmedabad-380 016. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacv 6980 D .. (अपीलाथ"/Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/ Appellant By : Shri B. R. Popat, A.R. ""यथ" क" ओर से/Respondent By: Ms. Vasundhara Upmanya. Cit-D.R.

unexplained investment. Bhogilal Odhavji Industrial Enterprises Pvt. Ltd. vs. The DCIT A.Y. 2012-13 A6c: It is submitted that there was a scrutiny u/s 143(3) in last year and source of investment of Rs. 2106.50 lakhs paid in F.Y. 2010-11 is explained. Please find enclosed cash flow statement about payment made to Mr. SHRI C. L Patel

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ROHITJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

price of this block was at Rs.5,13,883/-. The assessee has purchased this block along other family members, and was having 1/6th share. The AO has made addition of Rs.5,13,883/- on account of unexplained investment in block no.77. Similarly, the assessee has made addition of Rs.4,48,378/- on account of unexplained deposits in the bank account

THE ITO WARD-5(3)(1) (PREVIOUSLY THE ACIT, CENTRAL CIRCLE-2(2)), AHMEDABAD vs. SHRI SAKETKUMAR RUGNATH TANNA LEGAL HEIR OF LATE SMT. INDUMATIBEN RUGNATH TANNA, AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

unexplained investment in Jewellery and Silver Utensils is hereby deleted and Ground No.11 & 12 are allowed. 39. Other Ground Nos.13 & 14 are Not Pressed and hence the same are dismissed. 40. In the result the appeal filed by the assessee in IT(SS)A Nos. 337/Ahd/2019 & ITA No.976/Ahd/2019 relating to the Asst. Years 2013-14 & 2014-15 are partly allowed

SMT. RITABEN SAKETKUMAR TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

unexplained investment in Jewellery and Silver Utensils is hereby deleted and Ground No.11 & 12 are allowed. 39. Other Ground Nos.13 & 14 are Not Pressed and hence the same are dismissed. 40. In the result the appeal filed by the assessee in IT(SS)A Nos. 337/Ahd/2019 & ITA No.976/Ahd/2019 relating to the Asst. Years 2013-14 & 2014-15 are partly allowed

SAKETKUMAR RUGNATH TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

unexplained investment in Jewellery and Silver Utensils is hereby deleted and Ground No.11 & 12 are allowed. 39. Other Ground Nos.13 & 14 are Not Pressed and hence the same are dismissed. 40. In the result the appeal filed by the assessee in IT(SS)A Nos. 337/Ahd/2019 & ITA No.976/Ahd/2019 relating to the Asst. Years 2013-14 & 2014-15 are partly allowed

SAKETKUMAR RUGNATH TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

unexplained investment in Jewellery and Silver Utensils is hereby deleted and Ground No.11 & 12 are allowed. 39. Other Ground Nos.13 & 14 are Not Pressed and hence the same are dismissed. 40. In the result the appeal filed by the assessee in IT(SS)A Nos. 337/Ahd/2019 & ITA No.976/Ahd/2019 relating to the Asst. Years 2013-14 & 2014-15 are partly allowed

SAKETKUMAR RUGNATH TANNA LEGAL HEIR OF LATE SMT. INDUMATIBEN RUGNATH TANNA,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(2), AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

unexplained investment in Jewellery and Silver Utensils is hereby deleted and Ground No.11 & 12 are allowed. 39. Other Ground Nos.13 & 14 are Not Pressed and hence the same are dismissed. 40. In the result the appeal filed by the assessee in IT(SS)A Nos. 337/Ahd/2019 & ITA No.976/Ahd/2019 relating to the Asst. Years 2013-14 & 2014-15 are partly allowed

THE ACIT, CENTRAL CIRCLE-2(2), AHMEDABAD vs. SMT. RITABEN SAKETKUMAR TANNA, AHMEDABAD

In the result the assessee appeal in ITA

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

unexplained investment in Jewellery and Silver Utensils is hereby deleted and Ground No.11 & 12 are allowed. 39. Other Ground Nos.13 & 14 are Not Pressed and hence the same are dismissed. 40. In the result the appeal filed by the assessee in IT(SS)A Nos. 337/Ahd/2019 & ITA No.976/Ahd/2019 relating to the Asst. Years 2013-14 & 2014-15 are partly allowed