MUKESH MANEKCHAND SHETH,RAJKOT vs. THE DCIT-ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

disallowed than the ratio laid down\nby the various High Courts, regarding not taxing all the receipts would remain in\npapers only. Thus, with a view to strike a proper balance between the factual vis-\nà-vis the legal aspects it is decided to further enhance the average net profit rate\nto 50%. Accordingly, the net unaccounted profit for this

MUKESH MANEKCHAND SHETH,RAJKOT vs. THE DCIT-ACIT, CENTRAL CIRCLE -2, RAJKOT, RAJKOT

disallowed than the ratio laid down\nby the various High Courts, regarding not taxing all the receipts would remain in\npapers only. Thus, with a view to strike a proper balance between the factual vis-\na-vis the legal aspects it is decided to further enhance the average net profit rate\nto 50%. Accordingly, the net unaccounted profit for this

MUKESH MANEKCHAND SHETH,RAJKOT vs. THE DCIT-ACIT, CENTRAL CIRCLE -2, RAJKOT., RAJKOT

disallowed than the ratio laid down\nby the various High Courts, regarding not taxing all the receipts would remain in\npapers only. Thus, with a view to strike a proper balance between the factual vis-\na-vis the legal aspects it is decided to further enhance the average net profit rate\nto 50%. Accordingly, the net unaccounted profit for this

DCIT, CENTRAL CIRCLE 1, RAJKOT, RAJKOT vs. SHRI MUKESH MANEKCHAND SHETH, RAJKOT

disallowed than the ratio laid down\nby the various High Courts, regarding not taxing all the receipts would remain in\npapers only. Thus, with a view to strike a proper balance between the factual vis-\nà-vis the legal aspects it is decided to further enhance the average net profit rate\nto 50%. Accordingly, the net unaccounted profit for this

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

In the result, appeal filed by the Revenue, in IT(SS) No

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआ.(खो और ज).सं./It(Ss)A Nos.11 To 20/Rjt/2022 "नधा"रण वष"/ Assessment Years:2011-12 To 2020-21 बनाम/ Shri Shamjibhai Sadhabhai Deputy Commissioner Of Kangad Income Tax, Central Circle-1, Vs. Bbz-S-60, Zanda Chowk, “Amruta Estate”, 2Nd Floor, Gandhidham-370 201 M.G. Road, Rajkot-360001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.:Adepk 3471 E (अपीलाथ"/Assessee) (""यथ"/Respondent) आ.(खो और ज).सं./It(Ss)A Nos.21 To 23/Rjt/2022 "नधा"रण वष"/ Assessment Years:2014-15, 2016-17 &2017-18 बनाम/ Deputy Commissioner Of Income Shri Shamjibhai Sadhabhai Tax, Central Circle-1, “Amruta Kangad Vs. Estate”, 2Nd Floor, M.G. Road, Bbz-S-60, Zanda Chowk, Rajkot-360001 Gandhidham-370 201 "थायीलेखासं./जीआइआरसं./Pan/Gir No.:Aabca 8202 E (अपीलाथ"/Assessee) (""यथ"/Respondent) आ.(खो और ज).सं./It(Ss)A Nos.15/Rjt/2023 "नधा"रण वष"/ Assessment Year:2019-20 बनाम/ Deputy Commissioner Of Shri Hetab Shamjibhai Kangad Income Tax, Central Circle-1, Bbz-South-60, Zanda Chowk, Vs. “Amruta Estate”, 2Nd Floor, Gandhidham-370 201 M.G. Road, Rajkot-360001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.:Aqtpk 7484 M (अपीलाथ"/Assessee) (""यथ"/Respondent)

2) of the Act, has been issued and necessary details have been called for vide notices u/s 142(1) of the Act from time to time. 11. During the search proceedings, one of the major incriminating materials was seized in the form of Digital Data from the residential premise of Shri Naran Maheshwari, in a pen drive, named

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

2) of the Act, has been issued and necessary details\nhave been called for vide notices u/s 142(1) of the Act from time to time.\n11. During the search proceedings, one of the major incriminating materials was\nseized in the form of Digital Data from the residential premise of Shri Naran\nMaheshwari, in a pen drive, named

ACCURATE BUILDCON,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

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

disallowed in view of provisions of section 36(1) (va) of the Act as pointed out in the reasons for reopening. Ad-hoc business income of Rs. 2,00,000/- has been offered additionally. A copy of reason recorded for reopening has been provided to the assessee-firm Vides letter dated 17/12/2021. Further, the objection raised against initiation of proceedings

ACCURATE BUILDCON ,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

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

disallowed in view of provisions of section 36(1) (va) of the Act as pointed out in the reasons for reopening. Ad-hoc business income of Rs. 2,00,000/- has been offered additionally. A copy of reason recorded for reopening has been provided to the assessee-firm Vides letter dated 17/12/2021. Further, the objection raised against initiation of proceedings

ACCURATE BUILDCON,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

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

disallowed in view of provisions of section 36(1) (va) of the Act as pointed out in the reasons for reopening. Ad-hoc business income of Rs. 2,00,000/- has been offered additionally. A copy of reason recorded for reopening has been provided to the assessee-firm Vides letter dated 17/12/2021. Further, the objection raised against initiation of proceedings

ACCURATE BUILDCON,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

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

disallowed in view of provisions of section 36(1) (va) of the Act as pointed out in the reasons for reopening. Ad-hoc business income of Rs. 2,00,000/- has been offered additionally. A copy of reason recorded for reopening has been provided to the assessee-firm Vides letter dated 17/12/2021. Further, the objection raised against initiation of proceedings

ACCURATE BUILDCON ,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

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

disallowed in view of provisions of section 36(1) (va) of the Act as pointed out in the reasons for reopening. Ad-hoc business income of Rs. 2,00,000/- has been offered additionally. A copy of reason recorded for reopening has been provided to the assessee-firm Vides letter dated 17/12/2021. Further, the objection raised against initiation of proceedings

BABUBHAI KANJIBHAI SAKARIYA LEGAL HEIR OF LATE SMT. UJIBEN KANJIBHAI SAKARIYA,JETPUR vs. ITO WARD 1(2)(1), RAJKOT, RAJKOT

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

153C r.w.s. 143(3)\nof the Act was issued in the name of deceased person and notice u/s 142(1) of the\nAct, was also issued in the name of the deceased person. In fact, the order was\nframed in the name of the deceased person. Therefore, I find that the assessee\nunder consideration had died

R K DREAMLAND,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

disallowed then the ratio laid down by the Hon'ble High Court with regard to not taxing all the receipts would remain on papers only. Thus, with a view to strike a proper balance between the factual vis-à-vis the legal aspects, it is decided to further enhance the aforementioned average net profit rate from 41% to 45%. Accordingly

R K DREAMLAND,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

disallowed then the ratio laid down by the Hon'ble High Court with regard to not taxing all the receipts would remain on papers only. Thus, with a view to strike a proper balance between the factual vis-à-vis the legal aspects, it is decided to further enhance the aforementioned average net profit rate from 41% to 45%. Accordingly

R K DREAMLAND,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

disallowed then the ratio laid down by the Hon'ble High Court with regard to not taxing all the receipts would remain on papers only. Thus, with a view to strike a proper balance between the factual vis-à-vis the legal aspects, it is decided to further enhance the aforementioned average net profit rate from 41% to 45%. Accordingly

RK DREAMLAND,RAJKOT vs. ACIT, CC-1, RAJKOT, RAJKOT

disallowed then the ratio laid down by the Hon'ble High\nCourt with regard to not taxing all the receipts would remain on papers only. Thus,\nwith a view to strike a proper balance between the factual vis-à-vis the legal\naspects, it is decided to further enhance the aforementioned average net profit rate\nfrom 41% to 45%. Accordingly

DCIT, CENTRAL CIRCLE 1, RAJKOT, RAJKOT vs. R K DREAMLAND, RAJKOT

disallowed then the ratio laid down by the Hon'ble High\nCourt with regard to not taxing all the receipts would remain on papers only. Thus,\nwith a view to strike a proper balance between the factual vis-à-vis the legal\naspects, it is decided to further enhance the aforementioned average net profit rate\nfrom 41% to 45%. Accordingly

R K DREAMLAND,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

disallowed then the ratio laid down by the Hon'ble High\nCourt with regard to not taxing all the receipts would remain on papers only. Thus,\nwith a view to strike a proper balance between the factual vis-à-vis the legal\naspects, it is decided to further enhance the aforementioned average net profit rate\nfrom 41% to 45%. Accordingly