AMIT KUMAR,DELHI vs. INCOME TAX OFFICER, WARD 1(1), GUWAHATI, INCOME TAS OFFICER

Bench: SHRI MANOMOHAN DAS, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

68, read with section 147 of the Income-tax Act, 1961 Cash credit (Share capital) - Assessment year 2010-11 - Assessee-company was engaged in business of dying of cloth on job-work basis - It filed return declaring certain taxable income Assessing Officer passed an order of assessment under section 143(3) - Subsequently, Investigation Wing of Department supplied

AMIT KUMAR,DELHI vs. INCOME TAX OFFICER, WARD 1(1), GUWAHATI, INCOME TAX OFFICER

Bench: SHRI MANOMOHAN DAS, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

68, read with section 147 of the Income-tax Act, 1961 Cash credit (Share capital) - Assessment year 2010-11 - Assessee-company was engaged in business of dying of cloth on job-work basis - It filed return declaring certain taxable income Assessing Officer passed an order of assessment under section 143(3) - Subsequently, Investigation Wing of Department supplied

NILKANTHA SAHA,MORIGAON vs. INCOME TAX OFFICER, WARD-MORIGAON, MORIGAON

In the result, the appeal of the assessee is allowed

Bench: Shri A. T. Varkey, Jm]

Section of the Act can be made as it would be a double addition. In the result, we delete the addition made and allow its claim of the assessee." [Emphasis by me] 8. Relying on the ratio of the above decision of the Tribunal, the Ld. A.R submits that in this case, when the AO had accepted

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. SRKM STEEL (P) LTD, GUWAHATI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Manomohan Das, Jm Asst. Commissioner Of Income Srkm Steel (P) Ltd. Tax, Circle-1 Lokhra Road Babylon, Post Aayakar Bhawan, G.S. Road, Office-Sawkuchi, Guwahati- Vs. Christian Basti, 781034, Assam Guwahati-781005, Assam (Appellant) (Respondent) Pan No. Aalcs5046E Assessee By : Shri Somnath Ghosh, Ar Revenue By : Shri Santosh Kumar Karnani, Dr Date Of Hearing: 17.11.2025 Date Of Pronouncement: 15.12.2025

68 of the Act. Similarly, the case of assessee is squarely covered by the decision of the Hon’ble Gujarat High Court in the case of Ambe Tradecorp (P.) Ltd., reported SRKM Steel (P) Ltd.; A.Y. 2017-18 in [2022] 145 taxmann.com 27 (Gujarat), wherein it has been held as under :- "3. The issue in this case arose in respect

M/S. K. B. ASSOCIATES,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

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

Bench: Shri Rajpal Yadav, Vice- & Shri Manish Boradi.T.A. No.472/Gty/2019 Assessment Year: 2016-17 M/S K. B. Associates.....…………………………....................……….……Appellant Nilomani Phukan Path, Christian Basti, Guwahati-781005. [Pan: Aajfk6526E] Vs. Dcit, Circle-3, Guwahati……..….…..….........……........……...…..…..Respondent Appearances By: None Appeared On Behalf Of The Appellant. I. Gyaneshori Devi, Jcit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : December 19, 2022 Date Of Pronouncing The Order : December 29, 2022 Order Per Manish Borad: This Appeal Filed By The Assessee Pertaining To Assessment Year 2016-17 Is Directed Against The Order Of The Ld. Commissioner Of Income Tax(Appeals)-2, Guwahati [Hereinafter Referred To As ‘Cit(A)’] Dated 30.09.2019 Is Arising Out Of The Order U/S 143(3) Of The Act Dated 08.12.2018. 2. When The Case Was Called, None Appeared On Behalf Of The Assessee. A Perusal Of The Appeal File Shows That Even After Providing Opportunity, The Assessee Failed To Appear. It Seems That Assessee Is Not Interested To Pursue The Appeal. We, Therefore, Decide To Hear This Appeal With The Assistance Of The Ld. Departmental Representative & Adjudicate The Same On Merits.

145(3) of the Act and based on the TDS details available on Form 26AS showing the receipts at Rs. 2,60,71,952/-, ld. A.O estimated the net profit @50% of the total turnover and calculated the estimated net profit at Rs.1,30,35,976/-. Since the assessee has shown net profit @18.43%, a difference of the said amount

SUBHASH CHAND CHORARIA,GUWAHATI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 2, GUWAHATI

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

Bench: Shri Manomohan Das & Shri Rakesh Mishra

145/- as on 31.03.2016, the return for which was filed on 22.11.2016 and the same does not appear to have I.T.A. No.: 63/GTY/2024 Assessment Year: 2017-18 Subhash Chand Choraria. been examined under scrutiny. Although the Ld. AR is correct in stating that there is no limit as to how much cash can be kept at home but the regular

RAITANI ENGINEERING WORKS (P) LTD,GUWAHATI vs. JOINT COMMISSIONER OF INCOME TAX, RANGE-3, GUWAHATI

Appeal is partly allowed in above terms

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11 Raitani Engineering Works V/S. Jcut, Range-3, (P) Ltd., Railway Colony, Aayakar Bhawan, Pan Bazar, Guwahati- G.S. Road, Christan 781001 Basti, Guwahati- [Pan No.Aaacr 6691 K] 781005 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Somnath Ghosh, Advocate अपीलाथ" क" ओर से/By Assessee Shri Rabindro Singh, Jcit, Dr ""यथ" क" ओर से/By Respondent 02-07-2019 सुनवाई क" तार"ख/Date Of Hearing 06-09-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per Bench:- This Assessee’S Appeal For Assessment Year 2010-11 Arises Against The Commissioner Of Income Tax (Appeals)-Guwahati’S Order Dated 19.02.2014 Passed In Case No.Guwa-60/2013-14, Involving Proceedings U/S 143(3) Of The Income Tax Act, 1961; In Short ‘The Act’). Heard Both The Parties. The Assessee’S Detailed Paper Book Running Into 132 Pages Comprising Of Various Documents, The Assessing Officer’S Notice During Scrutiny, Cash Book Of Assessee’S Head Office, Computation, Financial Statements; Stands Perused.

3) of the Income Tax Act, 1961; in short ‘the Act’). Heard both the parties. The assessee’s detailed paper book running into 132 pages comprising of various documents, the Assessing Officer’s notice during scrutiny, cash book of assessee’s head office, computation, financial statements; stands perused. 2. The assessee’s former substantive ground challenges correctness of the lower

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, GUWAHATI vs. FORTUNE VANIJYA PRIVATE LIMITED, GUWAHATI

In the result both the appeal of the Revenue and the cross objections of the assessee stands partly allowed

Bench: Shri P.M. Jagtap, Hon’Ble V.P (Kz) & Shri A. T. Varkey, Jm]

68 of the Act. On appeal, the assessee challenged the validity of jurisdiction exercised by the AO u/s 153C of the Act on several grounds inter alia including that these seized documents cannot be said to be incriminating to justify additions made u/s 68 of the Act in the unabated assessments of the assessee. The Hon’ble High Court found

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. GOLD STONE CEMENTS LIMITED, EAST JAINTIA HILLS

Bench: Shri P.M. Jagtap(Kz) & Shri A. T. Varkey, Jm]

3,01,00,000 2013-14 11,85,00,000 2014-15 22,22,99,970 2015-16 1,79,99,995 2016-17 1,01,99,989 2017-18 34,69,54,848 4. In response, the assessee furnished detailed explanation along with supporting documents which are available at Pages 207 to 335 of the paper-book

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. GOLD STONE CEMENTS LIMITED, EAST JAINTIA HILLS

Bench: Shri P.M. Jagtap(Kz) & Shri A. T. Varkey, Jm]

3,01,00,000 2013-14 11,85,00,000 2014-15 22,22,99,970 2015-16 1,79,99,995 2016-17 1,01,99,989 2017-18 34,69,54,848 4. In response, the assessee furnished detailed explanation along with supporting documents which are available at Pages 207 to 335 of the paper-book

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. GOLD STONE CEMENTS LIMITED, EAST JAINTIA HILLS

Bench: Shri P.M. Jagtap(Kz) & Shri A. T. Varkey, Jm]

3,01,00,000 2013-14 11,85,00,000 2014-15 22,22,99,970 2015-16 1,79,99,995 2016-17 1,01,99,989 2017-18 34,69,54,848 4. In response, the assessee furnished detailed explanation along with supporting documents which are available at Pages 207 to 335 of the paper-book

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. GOLD STONE CEMENTS LIMITED, EAST JAINTIA HILLS

Bench: Shri P.M. Jagtap(Kz) & Shri A. T. Varkey, Jm]

3,01,00,000 2013-14 11,85,00,000 2014-15 22,22,99,970 2015-16 1,79,99,995 2016-17 1,01,99,989 2017-18 34,69,54,848 4. In response, the assessee furnished detailed explanation along with supporting documents which are available at Pages 207 to 335 of the paper-book

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI vs. GOLD STONE CEMENTS LIMITED, EAST JAINTIA HILLS

Bench: Shri P.M. Jagtap(Kz) & Shri A. T. Varkey, Jm]

3,01,00,000 2013-14 11,85,00,000 2014-15 22,22,99,970 2015-16 1,79,99,995 2016-17 1,01,99,989 2017-18 34,69,54,848 4. In response, the assessee furnished detailed explanation along with supporting documents which are available at Pages 207 to 335 of the paper-book