M/S. SIMERO VITRIFIED P. LTD. ,MORBI vs. THE PR. CIT-3 , RAJKOT

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

unexplained cash credit u/s 68 of the Act, and added in the income of the assessee's total income. Penalty u/s 271(1)(C) is initiated on these amounts for concealment of income.\n12\nITA 276/Rjt/2019 (AY 2016-17) SIMERO VITRIFIED P. LTD.\niv) Disallowance of additional depreciation

THE ACIT, CENTRAL CIRCLE-2,, MORBI vs. M/S. KISHAN PLUS MINARALS, RAJKOT

In the result, appeal filed by the Revenue (In ITA No

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं /.Ita No.124/Rjt/2021 With Cross Objection No.02/Rjt/2022 "नधा"रणवष"/ Assessment Year: 2019-20 Acit, Cent.Cir.2 M/S.Kishan Plus Minerals बनाम Rajkot. Jetpar Road, Nr. Pavadiyali Temple, Jasmatgadh Vs. Morbi. Pan : Aaqfk4689P (अपीलाथ"/Assessee) : (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Mehul Ranpura, Ld. Counsel राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Ld. Cit-Dr सुनवाई क" तार"ख /Date Of Hearing : 29/01/2025 (Originally Heard Refixed On 05.06.2025 घोषणा क" तार"ख /Date Of Pronouncement : 20/06/2025 Order Per Dr. Arjun Lal Saini:

unexplained cash credit. The addition retained is totally unjustified on facts as also in law and may kindly be deleted.” 4. When the matter was called for hearing, the learned Counsel for the assessee at the outset submitted that the cross-objection filed by the assessee for the assessment year (A.Y.) 2019-20, is barred by limitation by 18 days

M/S. GREEN EARTH BIOGAS PVT. LTD.,SURENDRANAGAR vs. THE PR. CIT-3, AHMEDABAD, AHMEDABAD

In the result, appeal filed by the assessee is dismissed

unexplained cash credit to the income of the assessee company by\ninvoking the provision of section 68 of the Income Tax Act, 1961 and to be taxed under the\nprovisions of section 115BBE of the Income Tax Act, 1961.(Addition u/s 68 of I.T. Act)\nThe assessee has not furnished any explanation on Income Tax expenses that have been\nclaimed

SHRI RAJESH KARSHANBHAI VEKARIYA,RAJKOT vs. THE ITO WD-2(1)(5), RAJKOT

The appeal of the assessee is partly allowed

Bench: Dr. Arjun Lal Saini, Am.& Dinesh Mohan Sinha, Jm आयकर अपील सं./Ita No.173/Rjt/2024 "नधा"रण वष" / Assessment Year: (2011-12) Shri Rajesh Karshanbhai Vekariya, Income Tax Officer, Ward- Plot No. 266, Kuvadva Gidc, Opp. 2,(1)(5), Rajkot, Aayakar Vs. Riddhi Agro Industries, Kuvadva, Bhavan, Race Course Ring Rajkot-360003 Road, Rajkot – 360001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acxpp9434A (Appellant) (Respondent) Appellant By : Shri Mehul Ranpura, Ld. Ar Respondent By : Shri Abhimanyu Singh Yadav , Ld .Sr. Dr Date Of Hearing : 08 /01/2025 Date Of Pronouncement : 03/04/2025 आदेश / O R D E R Per Dinesh Mohan Sinha Jm; Captioned Appeal Filed By Assessee Pertaining To Assessment Year 2011-12, Is Directed Against Order Passed By National Faceless Appeal Centre (Nfac) Delhi /Ld. Commissioner Of Income-Tax (Appeal) , Vide Order Dated 25.012024, Which In Turn Arises Out Of Assessment Order Passed By The Assessing Officer (‘Ao’ For Short) Dated 26.03.2015 U/S 144 Of The Income Tax Act, 1961 (Hereinafter Referred To As “The Act”). 2. The Assessee Has Raised Following Grounds Of Appeal: “1. The Grounds Of Appeal Mentioned Hereunder Are Without Prejudice To One Another. 2. The Id. Commissioner Of Income-Tax(Appeals), National Faceless Appeal Centre, Delhi (Hereinafter Referred As To The "Cit(A)"] Erred On Facts As Also In Law Confirming Addition Of Rs.86,68,718/- Made By The Ao On Account Of Alleged Unexplained Cash Credit U/S.68 Of The Act On The Alleged Ground That The Appellant Failed To Prove Genuineness & Creditworthiness Of Various Parties From Whom Unsecured Loan Of Rs.86,68,718/-Were Ita No. 173-Rjt-2024 Shri Rajesh Karshanbhai Vekariya

unexplained cash credit. ITA NO. 173-RJT-2024 SHRI RAJESH KARSHANBHAI VEKARIYA (ii) Disallowing claim of depreciation of Rs.76,595/- being

ACIT, CIRCLE-1(1), RAJKOT, RAJKOT vs. GANDHI REALITY (INDIA) PRIVATE LIMITED, RAJKOT

In the result, the appeal of the Revenue is dismissed

Bench: Dr. Arjun Lal Saini, Am. & Dinesh Mohan Sinha, Jm

Depreciation on goodwill and Unexplained Cash Credit of Rs.1,60,38,000/-. Against the said Assessment Order, the assessee filed

ASHVIN DINESHBHAI JADAV,RAJKOT vs. ITO, WARD-1(1)(1), RAJKOT, RAJKOT

In the result, the appeal of the assessee is allowed

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

depreciation) Same was allowed - Principal Commissioner invoked revision under section 263 on ground that assessee's income included deemed income being unexplained cash credit

RAMESHBHAI DEVRAJBHAI KHICHADIA,RAJKOT vs. PR. CIT, RAJKOT-1, RAJKOT

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 51/Rjt/2022 िनधा"रण वष"/Asstt. Years: 2012-2013

unexplained cash credit as discernible from the reasons recorded reproduced in the preceding paragraph. Likewise, we have also referred the assessment framed under section 147 read with section 143(3) of the Act and note that there was no mention of any other income which has escaped assessment other than the reasons recorded by the AO. Thus, the AO framed

THE INCOME TAX OFFICER-WARD-2, , GANDHIDHAM - KUTCH vs. M/S. RIDDHI SIDDHI JEWELLERS, GANDHIDHAM - KUTCH

In the result, appeal of the Revenue isdismissed

Bench: Smt.Annapurna Gupta & Smt. Madhumita Royassessment Year :2014-15 Ito, Ward-2 Vs. M/S.Riddhi Siddhi Jewellers Gandhidham. Shop No.1, Plot No.68 Bba (Sough) Gandhidham-Kutch. 0 अपीलाथ"/ (Appellant) "" यथ"/(Respondent) Assessee By : Shri D.M. Rindani, Ar Revenue By : Shri B.D. Gupta, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 11/04/2023 घोषणा क" तार"ख /Date Of Pronouncement: 05/07/2023

cash etc found during survey has to be considered having been generated from the only known business of the appellant. In a very recent judgement Hon’ble Income Tax Appellate Tribunal - JaipurPaliwalJewellers, Jaipur vs Acit, Jaipur ITA No. 82 & 83/JP/2017 on 27 November, 2017 has dealt with a similar issue as under: “(Quote)”…… In respect of surrendered stock as income

APEX IRRIGATION,RAJKOT vs. COMMISSIONER OF INCOME TAX APPEALS, NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

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

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

Unexplained Cash Credit u/s. 68 2. Expenditure Disallowed u/s. 40(a)(ia) 3. Expenditure disallowed as revenue and treated as capital expenditure Apex Irrigation 3. At the outset, that the appeal filed late by 461 days. The Ld. AR of the assessee has filed an application for condonation of delay, supported by Affidavit. The relevant para of the application

OM LAMCOAT PVT LTD,MORBI vs. THE ACIT, CENTRA CIRCLE-1, RAJKOT, RAJKOT

In the result, both appeals filed by the assessee (in ITA Nos

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकरअपीलसं/.Ita No. 286 & 287/Rjt/2022 िनधा"रणवष" / Assessment Year: (2016-17 & 2019-20) (Hybrid Hearing) बनाम M/S. Om Lamcoat Pvt. Ltd. The Acit, 8-A, Kandla National Highway, Vs. Central Circle -1, Opp. Dadashri Nagar, At. Morbi – Aayakar Bhavan, Amruta 363642 Estate, M. G. Road, Rajkot – 360001 "थायीलेखासं/.जीआइआरसं/.Pan No. : Aabco8163G (अपीलाथ"/Assessee) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Mehul Ranpura, Ld. Ar राज"व क" ओर से/Revenue By : Shri Abhimanyu Singh Yadav, Ld. Sr. (Dr) सुनवाई क" तार"ख/Date Of Hearing : 16/06/2025 घोषणा क" तार"ख/Date Of Pronouncement : 11/09/2025

cash transactions in various forms have been carried out by the builders and financiers. Some of the prominent builder and financer groups of and around Rajkot city were covered under the operation. Residential premise of ShriJayantibhai P. Rajkotiya (Director of the assessee- company) was also covered u/s 132 of the Act during the search operation. Various incriminating documents have been

OM LAMCOAT PVT LTD,MORBI vs. ACIT, CENTRAL CIRCLE-1, RAJKOT, RAJKOT

In the result, both appeals filed by the assessee (in ITA Nos

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकरअपीलसं/.Ita No. 286 & 287/Rjt/2022 िनधा"रणवष" / Assessment Year: (2016-17 & 2019-20) (Hybrid Hearing) बनाम M/S. Om Lamcoat Pvt. Ltd. The Acit, 8-A, Kandla National Highway, Vs. Central Circle -1, Opp. Dadashri Nagar, At. Morbi – Aayakar Bhavan, Amruta 363642 Estate, M. G. Road, Rajkot – 360001 "थायीलेखासं/.जीआइआरसं/.Pan No. : Aabco8163G (अपीलाथ"/Assessee) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Mehul Ranpura, Ld. Ar राज"व क" ओर से/Revenue By : Shri Abhimanyu Singh Yadav, Ld. Sr. (Dr) सुनवाई क" तार"ख/Date Of Hearing : 16/06/2025 घोषणा क" तार"ख/Date Of Pronouncement : 11/09/2025

cash transactions in various forms have been carried out by the builders and financiers. Some of the prominent builder and financer groups of and around Rajkot city were covered under the operation. Residential premise of ShriJayantibhai P. Rajkotiya (Director of the assessee- company) was also covered u/s 132 of the Act during the search operation. Various incriminating documents have been

SHREE SAMARTH ELECTRICALS PVT LTD,JAMNAGAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAMNAGAR

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

cash to the Survey team, deposited applicable Income Tax there on. Then after your Appellant's case was selected for compulsory scrutiny, your Appellant, necessary details, documents and explanations, Ld.assessing officer Accepted the retune income and passed assessment order u/s 143(3) on 15-04-2021. Then after Ld. PCIT Jamnagar passed an order u/s. 263 for levy of higher

SHREE SAMARTH SWITCHGEAR AND TRANSMISSION PVT LTD,JAMNAGAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAMNAGAR, JAMNAGAR

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

cash to the Survey team, deposited applicable Income Tax there on. Then after your Appellant's case was selected for compulsory scrutiny, your Appellant, necessary details, documents and explanations, Ld.assessing officer Accepted the retune income and passed assessment order u/s 143(3) on 15-04-2021. Then after Ld. PCIT Jamnagar passed an order u/s. 263 for levy of higher

GOJIYA BHIKHUBHAI,JAMNAGAR vs. PRINCIPAL COMMISSIONEROF INCOME TAX, JAMNAGAR

cash to the Survey team, deposited applicable\nIncome Tax there on.\nThen after your Appellant's case was selected for compulsory scrutiny, your\nAppellant, necessary details, documents and explanations, Ld.assessing officer\nAccepted the retune income and passed assessment order u/s 143(3) on 15-04-2021.\nThen after Ld. PCIT Jamnagar passed an order u/s. 263 for levy of higher