PANKAJKUMAR CHIMANLAL LODHIYA,RAJKOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

83,21,459/- are\nmade as under:\n(i). Income earned out of credit entries in undisclosed foreign Bank account -\nRs.32,40,46,529/-.\n(ii). Unexplained credit entries of various concerns/third parties in Standard\nBank, London's account - Rs.3,77,42,710/-.\n(iii). Unmatched entries in STCSH account - Rs.3,78,49,800/-.\n(iv). Unexplained credit entries

PANKAJKUMAR CHIMANLAL LODHIYA,RAJKOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

83,21,459/- are\nmade as under:\n(i). Income earned out of credit entries in undisclosed foreign Bank account -\nRs.32,40,46,529/-.\n(ii). Unexplained credit entries of various concerns/third parties in Standard\nBank, London's account - Rs.3,77,42,710/-.\n(iii). Unmatched entries in STCSH account - Rs.3,78,49,800/-.\n(iv). Unexplained credit entries

PANKAJKUMAR CHIMANLAL LODHIYA,RAKJOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

83,21,459/- are\nmade as under:\n(i). Income earned out of credit entries in undisclosed foreign Bank account -\nRs.32,40,46,529/-.\n(ii). Unexplained credit entries of various concerns/third parties in Standard\nBank, London's account - Rs.3,77,42,710/-.\n(iii). Unmatched entries in STCSH account - Rs.3,78,49,800/-.\n(iv). Unexplained credit entries

PANKAJKUMAR CHIMANLAL LODHIYA,RAJKOT vs. THE ACTIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

83,21,459/- are\nmade as under:\n(i). Income earned out of credit entries in undisclosed foreign Bank account -\nRs.32,40,46,529/-.\n(ii). Unexplained credit entries of various concerns/third parties in Standard\nBank, London's account - Rs.3,77,42,710/-.\n(iii). Unmatched entries in STCSH account - Rs.3,78,49,800/-.\n(iv). Unexplained credit entries

PANKAJ CHIMANLAL LODHIYA,RAJKOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

83,21,459/- are\nmade as under:\n(i). Income earned out of credit entries in undisclosed foreign Bank account -\nRs.32,40,46,529/-.\n(ii). Unexplained credit entries of various concerns/third parties in Standard\nBank, London's account - Rs.3,77,42,710/-.\n(iii). Unmatched entries in STCSH account - Rs.3,78,49,800/-.\n(iv). Unexplained credit entries

JITENDRASINH ZALA,JAMNAGAR vs. THE PR.COMMISSIONER OF INCOME TAX, JAMNAGAR

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

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

house property loss, in this respect you are requested to submit the loan details and the payment made by you during F.Y. 2019-20. In absence of any substantial evidence, the same will be considered your income and according will be added. Hence, you are requested to show cause why the total receipts/ payment

SMT. KUSUMBEN AMRITLAL SANGHAVI,JAMNAGAR vs. THE DCIT ,CIRCLE, JAMNAGAR, JAMNAGAR

In the result, assessee’s appeal is allowed

Bench: Smt.Annapurna Gupta & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 194/Rjt/2019 ("नधा"रण वष" / Assessment Year : 2015-16) Smt. Kusumben Amritlal Dy. Commissioner Of बनाम/ Sanghavi Income Tax Vs. C/O. Kantilal & Circle-2, Jamnagar - Brothers, Grain Market, 361008 Jamnagar - 361001 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Afhps5412C .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से /Appellant By : Shri D. S. Varia, A.R. ""यथ" क" ओर से / Shri B. D. Gupta, Sr.D.R. Respondent By : सुनवाई क" तार"ख / Date Of 06/04/2023 Hearing घोषणा क" तार"ख /Date Of 30/05/2023 Pronouncement O R D E R Per Ms. Madhumita Roy - Jm: The Instant Appeal At The Instance Of The Assessee Is Directed Against The Order Dated 25.06.2019 Passed By The Commissioner Of Income Tax (Appeals), Jamnagar (‘The Cit(A)’), Arising Out Of The Assessment Order Dated 30.06.2017 Passed By The Learned Dcit, Circle-2, Jamnagar Under Section

83,290/- by filing the revised return of income on 31.10.2015. Such revised return of income was filed to claim deduction of Rs.10,53,975/- under Section 54F of the Act on account of purchase of residential building by the appellant. In fact, on 05.11.2014, the assessee sold her immovable property being a godown for a consideration of Rs.60 Lakhs

PRAMUKH ARANYA DEVELOPERS,JUNAGADH vs. PR. CIT, RAJKOT-1, RAJKOT, RAJKOT

House Property\" u/s.22 r.w.s.23 of the Act, which\nhas resulted into under assessment,as per learned PCIT, to the tune of\nRs.84,86,212/-.\n11.About the first issue, regarding unsecured loan, without charging interest\ngiven to family members and associated concerns, wherein the PCIT has\nworked out the interest to the tune of Rs.1,09,21,304/-. The Ld.Counsel\nsubmitted

DUSHYANT BHARATBHAI MEHTA,RAJKOT vs. ITO WD-(2)(1)(2) , RAJKOT

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

house property\n2\nITA No. 422/Ahd/2024 A.Y. 2015-16\nDushyant Bharatbhai Metha Vs. ITO\nfor a sum of Rs. 73,27,000/-. Out of this, 50% was shown purchase of his\nbrother Shri Paras Mehta, without executing any transfer deed or getting the\nsale officially registered. This transfer was only Rs. 37,01,000/-. The assessee\nthereafter showed huge cost

VISHAL NAVINCHANDRA SHAH,JAMNAGAR vs. OFFICE OF THE COMMISSIONER OF INCOME TAX, APPEAL, BHUBANESWAR

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

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

Section 50C is unjust, arbitrary and in gross violation of principles laid down by Hon'ble Courts including the binding decision of Sunil Kumar Agarwal v. CIT [(2015) 372 ITR 83 (Cal)]. 4. That the CIT(A) erred in confirming the assessment order u/s 143(3) as valid despite it being passed in breach of the assessee's fundamental right

SHRI JUGALKISHORE NATWARLAL DHOLAKIA,JUNAGADH vs. THE PR. CIT-1, RAJKOT, RAJKOT

In the result, both the appeals filed by the assessee(s) are dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./ Ita No. 14/Rjt/2021 Assessment Year : 2015-2016 Shri Jugalkishore Natwarlal Pr. Commissioner Of Dholakia, Vs Income-Tax, C/O. Chokshi Vachhraj Makanji & Pcit-1, Rajkot Co., Shishumangal Road, Gandhigram, Junagadh-362001 Pan : Abqpd 2710 D आयकर अपील सं./ Ita No. 15/Rjt/2021 Assessment Year : 2015-2016 Shri Girishkumar Vachhraj Pr. Commissioner Of Dholakia, Vs Income-Tax, C/O. Chokshi Vachhraj Makanji & Pcit-1, Rajkot Co., Shishumangal Road, Gandhigram, Junagadh-362001 Pan : Abupd 6245 P अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Samir Jani, Ar Revenue By : Shri Vijay Kumar Jaiswal, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 01/05/2023 घोषणा क" तारीख /Date Of Pronouncement: 02/05/2023 आदेश/O R D E R Per Ms. Madhumita Roy:-

83,260/- on 25.09.2015. Subsequently, the assessment was selected for limited scrutiny under CASS and a notice under Section 143(2) dated 30.08.2016 was served upon the assessee followed by a notice under Section 142(1) of the Act along with questionnaire. In compliance whereof, the representative of the assessee appeared and filed written submissions on behalf of the assessee

SHRI GIRISHKUMAR VACHHRAJ DHOLAKIA,,JUNAGADH vs. THE PR. COMMISSIONER OF INCOME TAX-1, RAJKOT-GUJARAT

In the result, both the appeals filed by the assessee(s) are dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./ Ita No. 14/Rjt/2021 Assessment Year : 2015-2016 Shri Jugalkishore Natwarlal Pr. Commissioner Of Dholakia, Vs Income-Tax, C/O. Chokshi Vachhraj Makanji & Pcit-1, Rajkot Co., Shishumangal Road, Gandhigram, Junagadh-362001 Pan : Abqpd 2710 D आयकर अपील सं./ Ita No. 15/Rjt/2021 Assessment Year : 2015-2016 Shri Girishkumar Vachhraj Pr. Commissioner Of Dholakia, Vs Income-Tax, C/O. Chokshi Vachhraj Makanji & Pcit-1, Rajkot Co., Shishumangal Road, Gandhigram, Junagadh-362001 Pan : Abupd 6245 P अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Samir Jani, Ar Revenue By : Shri Vijay Kumar Jaiswal, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 01/05/2023 घोषणा क" तारीख /Date Of Pronouncement: 02/05/2023 आदेश/O R D E R Per Ms. Madhumita Roy:-

83,260/- on 25.09.2015. Subsequently, the assessment was selected for limited scrutiny under CASS and a notice under Section 143(2) dated 30.08.2016 was served upon the assessee followed by a notice under Section 142(1) of the Act along with questionnaire. In compliance whereof, the representative of the assessee appeared and filed written submissions on behalf of the assessee

SINGHVI TRADELINK PRIVATE LIMITED,GANDHIDHAM vs. ITO, WARD - 2, GANDHIDHAM, GANDHIDHAM

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

83,200/- on account of unrecorded sales\n3) Rs. 21,203/- on account of disallowance of interest on TDS/TCS.\n6. That the assessee filed the appeal against the order dated 29.12.2016 before\nthe Ld. CIT(A).\n7. The Ld. CIT(A) has issued three notices dated 24.05.2023, 02.06.2023 and\n09.06.2023, the assessee did not response to the notices issued

JAMNADAS PURSHOTAM PATEL,RAJKOT vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTER-1, RAJKOT

property as\nper the prevailing Circle rate. Therefore, there is no mechanism legally available to\narrive at the actual rate of land from the Sub-registrar. Further, the seized\nincriminating document is speaking in itself which proves that cash in addition to the\nvalue of and recorded in the books of accounts, have been invested for acquiring the\nland. Also

THE ASSISTANT COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHINAGAR vs. M/S KUTCH SALT & ALLIED INDUSTRIES LTD.,, GANDHIDHAM

In the result, cross objections filed by the assessee are allowed for statistical purposes

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhait (Ss)A No.233& 234 & 235 & 236 /Rjt/2016 Assessment Year: (2009-10 To 2012-13) (Hybrid Hearing) Asstt. Commissioner Of Income Tax, Vs. M/S. Kutch Salt & Allied Gandhidham Circle, Industries Ltd., Gandhidham - Kutch Maitri Bhavan, Plot No.-18, Sector-8, Gandhidham - Kutch "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaact1769L (Appellant) (Respondent)

83,48,463/- was purchased from group concerns" namely, M/s Terapanth Foods Ltd and M/s Nidhi Mining during the year. The assessing officer, on the basis of the observation of the Special Auditor, called upon the assessee to explain the reason as to why the purchases from Terapanth Foods Ltd, has been made at a higher average price of Rs.1217.23

THE ASSISTANT COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHINAGAR vs. M/S KUTCH SALT & ALLIED INDUSTRIES LTD.,, GANDHIDHAM

In the result, cross objections filed by the assessee are allowed for statistical purposes

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhait (Ss)A No.233& 234 & 235 & 236 /Rjt/2016 Assessment Year: (2009-10 To 2012-13) (Hybrid Hearing) Asstt. Commissioner Of Income Tax, Vs. M/S. Kutch Salt & Allied Gandhidham Circle, Industries Ltd., Gandhidham - Kutch Maitri Bhavan, Plot No.-18, Sector-8, Gandhidham - Kutch "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaact1769L (Appellant) (Respondent)

83,48,463/- was purchased from group concerns" namely, M/s Terapanth Foods Ltd and M/s Nidhi Mining during the year. The assessing officer, on the basis of the observation of the Special Auditor, called upon the assessee to explain the reason as to why the purchases from Terapanth Foods Ltd, has been made at a higher average price of Rs.1217.23

THE ASSISTANT COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHIDHAM-KUTCH vs. M/S KUTCH SALT & ALLIED INDUSTRIES LTD.,, GANDHIDHAM-KUTCH

In the result, cross objections filed by the assessee are allowed for statistical purposes

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhait (Ss)A No.233& 234 & 235 & 236 /Rjt/2016 Assessment Year: (2009-10 To 2012-13) (Hybrid Hearing) Asstt. Commissioner Of Income Tax, Vs. M/S. Kutch Salt & Allied Gandhidham Circle, Industries Ltd., Gandhidham - Kutch Maitri Bhavan, Plot No.-18, Sector-8, Gandhidham - Kutch "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaact1769L (Appellant) (Respondent)

83,48,463/- was purchased from group concerns" namely, M/s Terapanth Foods Ltd and M/s Nidhi Mining during the year. The assessing officer, on the basis of the observation of the Special Auditor, called upon the assessee to explain the reason as to why the purchases from Terapanth Foods Ltd, has been made at a higher average price of Rs.1217.23

THE ASSISTANT COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHINAGAR vs. M/S KUTCH SALT & ALLIED INDUSTRIES LTD.,, GANDHIDHAM

In the result, cross objections filed by the assessee are allowed for statistical purposes

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhait (Ss)A No.233& 234 & 235 & 236 /Rjt/2016 Assessment Year: (2009-10 To 2012-13) (Hybrid Hearing) Asstt. Commissioner Of Income Tax, Vs. M/S. Kutch Salt & Allied Gandhidham Circle, Industries Ltd., Gandhidham - Kutch Maitri Bhavan, Plot No.-18, Sector-8, Gandhidham - Kutch "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaact1769L (Appellant) (Respondent)

83,48,463/- was purchased from group concerns" namely, M/s Terapanth Foods Ltd and M/s Nidhi Mining during the year. The assessing officer, on the basis of the observation of the Special Auditor, called upon the assessee to explain the reason as to why the purchases from Terapanth Foods Ltd, has been made at a higher average price of Rs.1217.23