M/S PANCHNATH ENTERPRISE,,RAJKOT-GUJARAT vs. THE PR. COMMR. OF INCOME TAX-1,, RAJKOT-GUJARAT

Appeals are allowed

reassessment proceedings nor in reply to the show cause notice u/s. 263 of the Act has the assessee been able to justify the prudency behind charging less than commission than it itself had to pay to the bank. The assessee ought to have Explained the prudency behind such activity but has failed to do so. 9. It would also

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ACIT, CENTRAL CIRL-1,, RAJKOT

In the result, appeals filed by the Revenue, in ITA No

Bench: Dr. Arjun Lal Saini & Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 134 & 135/Rjt/2023 (िनधा"रणवष" / Assessment Years: (2007-08 & 2008-09) Income Tax Officer, Ward- Shri Kherajmal Lekhrajbjai 5Th 1(2)(1), Aaykar Bhavan, Thavrani, 4- Parsana Nagar, Shri Vs. Floor, Room No. 517, Race Vaheguru Grupa, Near Refugee Course Ring Road, Rajkot-360 Colony, Rajkot-360 001 001 "थायी लेखा सं./जी आइ आर सं./Pan/Gir No.: Adrpt 5807 E (Appellant) (Respondent)

113 ITD 0377 (Del-Trib) b. Namdeo Arora (2016) 72 taxmann.com 124 (P&H) c. Shri Arif v ACIT (ITAT Bangalore) ITA No 976/Bang/2022 d. Dr Prakash Tiwari vs CIT (1983) 14 taxman 252 (MP) e. Rajmeet Singh vs ITO, (2024) 160 taxmann.com 83 (Jharkhand) 3. That in addition to the deeming provisions, the Act requires taxation of profits from

M/S. GANGA GLAZED TILES PVT. LTD. vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-I,, RAJKOT-GUJARAT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

section 143(3) of the act was also initiated in the following cases: - Ganga Glazed Ties – AY 08-09 - Ganga Glazed Ties P.L. – AY 08-09 - Gangotri Glazed Tiles – AY 08-09 - Gokul Cera Pvt. Ltd. – AY 08-09 - Vrundavan Cera P. Ltd. – AY 08-09 - Varmora Grantio P. Ltd. – AY 08-09 - Italica Tiles

SHRI MANOJ B. MANSUKHANI,,RAJKOT-GUJARAT vs. THE PR. COMMISSIONER OF INCOME TAX-1, , RAJKOT

In the result, the appeal of the assessee is allowed

113-116, Vs (Respondent) Rishi House, Industrial Area Ward No. 6, Gandhidham-Kutch-370201 PAN: ABCPM8333P (Appellant) Assessee by: Shri Kalpesh Doshi, A.R. Revenue by: Shri Aarsi Prasad, CIT-DR Date of hearing : 04-07-2022 Date of pronouncement : 21-09-2022 आदेश/ORDER PER BENCH:- This assessee’s appeal for A.Y. 2017-18, arises from order of the Principal