SAMEER SHAH (HUF),1 "SWAPNEEL" ,OPP. GURUDATATREY TEMPLE PALACE ROAD vs. INCOME TAX OFFICER, WARD 1(3), JAMNAGAR, GUJARAT

In the result, appeal filed by the assessee is allowed

Bench: Dr. Arjun Lal Saini. आयकरअपीलसं./Ita No.248/Rjt/2025 "नधा"रणवष" / Assessment Year: (2013-14) (Hybrid Hearing) Sameer Shah (Huf), Vs. The Ito Ward 1(3), 1 “Swapneel”, Opp. Jamnagar - 361001 Gurudatatrey Temple, Palace Road, Jamnagar - 361008 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aawhs3749E (Appellant) (Respondent)

57,250/- Security Transaction Tax 20.56/- Shares Transaction Expense 7777.80 Total 1,65,048.36/- The assessee submitted copy of contract note received from M/s Sharukh N. Tara, vide paper book page no.14 to 15.Immediately after purchasing the shares a request letter regarding demat account details was duly sent to assessee by the Broker M/s. Sharukh N. Tara which is placed

NISHANT PAREKH - LEGAL HEIR OF MINA PAREKH,JAMNAGAR vs. INCOME TAX OFFICER, WARD 1(3), JAMNAGAR

The appeal of the assessee is allowed

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकरअपीलसं./Ita No. 196/Rjt/2025 ("नधा"रणवष"/Assessment Year: (2012-13) Nishant Parekh – Legak Heir Of Mina Income Tax Officer, Wd – 1(3), Parekh Vs. Aayakar Bhavan, 322, Madhav Square, Opp. Avantika Jamnagar – 361001 Complex, Limda Lane Road, Jamnagar – 361001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aanpp9471F (अपीलाथ"/Assessee) (""यथ"/Respondent)

57,250/- Security Transaction Tax 20.56/- Shares Transaction Expense 7777.80 Total 1,65,048.36/- The assessee submitted copy of contract note received from M/s Sharukh N. Tara, vide paper book page no.14 to 15.Immediately after purchasing the shares a request letter regarding demat account details was duly sent to assessee by the Broker M/s. Sharukh N. Tara which is placed

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

CLASSIC NETWORK PRIVATE LIMITED,RAJKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL -1, RAJKOT, RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

CLASSIC NETWORK PRIVATE LIMITED,RAJKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL - 1, RAJKOT, RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

CLASSIC NETWORK PRIVATE LIMITED,RAJKOT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL -1 RAJKOT, RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJKOT, RAJKOT vs. CLASSIC NETWORK PVT. LTD., RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJKOT vs. CLASSIC NETWORK PVT. LTD., RJAKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

bogus purchase of Rs. 1,93,37,000/-. (ii) The estimation of suppressed sales done by the CIT(Appeals) by extrapolating certain percentage on accounted sales is unwarranted and also adoption of gross profit rate on suppressed sales is bad in law as if at all the profit was to be estimated, only net profit could have been estimated

SHRI SHAMJIBHAI SADHABHAI KANGAD,GANDHIDHAM-KUTCH vs. THE DCIT CENTRAL CIRCLE-1 , RAJKOT

section 132A, then, the provisions of sub-section (1) shall\napply as if such books of account, other documents or assets which had been taken into custody from\nthe person referred to in clause (a) or clause (b) or clause (c), as the case may be, of sub-section (1) of\nsection 132A, had been found in the possession

M/S. BABJI OIL MILL PVT. LTD.,,RANEKPAR, TAL. WAKANER, DIST. MORBI vs. THE DEPUTY COMMISSIONER OF INCOME TAX, MORBI CIRCLE, , MORBI

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Waseem Ahmed (Accountant Member), Shri Siddhartha Nautiyal, Judicial Member M/s. Babji Oil Mill Pvt. Ltd., 8- (Accountant Member)

bogus purchase. The addition needs deletion. 4. Taking into consideration the legal, statutory, factual, accounting and administrative aspects, no addition amounting to Rs. 22,70,0007- and Rs. 3,17,87,900/- ought to have been confirmed. The addition needs deletion. 5. Without prejudice, the assessment made is bad in law and deserves annulment. 6. Without prejudice, no adequate, sufficient

JITENDRABHAI DEVAJIBHAI BODAR,RAJKOT vs. INCOME TAX OFFICER, WARD-2(1)(1), RAJKOT, RAJKOT

In the result, the appeal is dismissed as not admitted”

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

section 142(1) of the Income Tax Act, 1961 on 08.02.2021, calling for the details and information on the issue on which the case was re-opened. But the assessee has again failed to e-furnish any information/ reply / details and supporting documents. The main issue involved in this case, which formed basis for initiation of proceedings