THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, RAJKOT vs. SHRI PANKAJ CHIMANLAL LODHIYA, RAJKOT

In the result, assessee's ground No

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

section 68 of the Income-tax Act, 1961) cash credits/Unsecured loans in respect of Jay Khodiyar Dairy Farm received in the F.Y. relevant to A.Y.2012-13 and for the new loans pertains to A.Y.2014-15. (i). As regard the loan taken from Jay Khodiyar Dairy Farm during the A.Y.2012-13, it is submitted that copy of account of the party and bank

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, RAJKOT vs. SHRI PANKAJ CHIMANLAL LODHIYA, RAJKOT

In the result, assessee's ground No

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

section 68 of the Income-tax Act, 1961) cash credits/Unsecured loans in respect of Jay Khodiyar Dairy Farm received in the F.Y. relevant to A.Y.2012-13 and for the new loans pertains to A.Y.2014-15. (i). As regard the loan taken from Jay Khodiyar Dairy Farm during the A.Y.2012-13, it is submitted that copy of account of the party and bank

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, RAJKOT vs. SHRI PANKAJ CHIMANLAL LODHIYA, RAJKOT

In the result, assessee's ground No

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

section 68 of the Income-tax Act, 1961) cash credits/Unsecured loans in respect of Jay Khodiyar Dairy Farm received in the F.Y. relevant to A.Y.2012-13 and for the new loans pertains to A.Y.2014-15. (i). As regard the loan taken from Jay Khodiyar Dairy Farm during the A.Y.2012-13, it is submitted that copy of account of the party and bank

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ITO, WARD-1 (1) (2),, RAJKOT

section 68, 69, 69A to 69D of the IT Act and as such, in the light of non- disputed fact that unexplained credit whether found in the bank statement of the assessee, who regularly maintain books of accounts. Ld. ITAT should have agreed to legal- plea of the Revenue that till onus with respect to identity, credit worthiness

THE ITO WARD-1 (2) (1),, RAJKOT vs. SHRI KHRAJMAL LEKHRAJBHAI THAVRANI, RAJKOT

section 68, 69, 69A to 69D of the IT Act and as such, in the light of non- disputed fact that unexplained credit whether found in the bank statement of the assessee, who regularly maintain books of accounts. Ld. ITAT should have agreed to legal- plea of the Revenue that till onus with respect to identity, credit worthiness

SHRI VISHAL MEHTA ,RAJKOT vs. THE ITO WARD-2(1) (2) RAJKOT, RAJKOT

Appeals of the assessee are allowed for statistical purposes, in above terms

Bench: Dr. Arjun Lal Sainiand Shri Dinesh Mohan Sinhaआयकर अपीलसं/.Ita No.74 To 77/Rjt/2024 "नधा"रण वष"/ Assessment Years: (2012-13 To 2015-2016) Vishal Mehta Income Tax Officer, बनाम Pravin Chamber, 1St Floor, Ward-2(1)(2), Rajkot Kothariya Naka Soni Bazar, Vs. Rajkot-360 001 Pan/Gir No.Ahtpm 7247 B "थायीलेखासं /. जीआइआरसं /. (अपीलाथ"/Appellant) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Chetan Agarwal, Ar & Shri Brijesh Parekh, Ar राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Cit-Dr & Shri Abhimanyhu Singh, Sr-Dr

section 68, 69, 69A to 69D of the IT Act and as such, in the light of non-disputed fact that unexplained credit whether found in the bank statement of the assessee, who regularly maintain books of accounts. Ld. ITAT should have agreed to legal-plea of the Revenue that till onus with respect to identity, credit worthiness

SHRI VISHAL MEHTA ,RAJKOT vs. THE ITO WARD-2 (1) (2), RAJKOT

Appeals of the assessee are allowed for statistical purposes, in above terms

Bench: Dr. Arjun Lal Sainiand Shri Dinesh Mohan Sinhaआयकर अपीलसं/.Ita No.74 To 77/Rjt/2024 "नधा"रण वष"/ Assessment Years: (2012-13 To 2015-2016) Vishal Mehta Income Tax Officer, बनाम Pravin Chamber, 1St Floor, Ward-2(1)(2), Rajkot Kothariya Naka Soni Bazar, Vs. Rajkot-360 001 Pan/Gir No.Ahtpm 7247 B "थायीलेखासं /. जीआइआरसं /. (अपीलाथ"/Appellant) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Chetan Agarwal, Ar & Shri Brijesh Parekh, Ar राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Cit-Dr & Shri Abhimanyhu Singh, Sr-Dr

section 68, 69, 69A to 69D of the IT Act and as such, in the light of non-disputed fact that unexplained credit whether found in the bank statement of the assessee, who regularly maintain books of accounts. Ld. ITAT should have agreed to legal-plea of the Revenue that till onus with respect to identity, credit worthiness

SHRI VISHAL MEHTA,RAJKOT vs. THE ITO WARD-2 (1) (2), RAJKOT, RAJKOT

Appeals of the assessee are allowed for statistical purposes, in above terms

Bench: Dr. Arjun Lal Sainiand Shri Dinesh Mohan Sinhaआयकर अपीलसं/.Ita No.74 To 77/Rjt/2024 "नधा"रण वष"/ Assessment Years: (2012-13 To 2015-2016) Vishal Mehta Income Tax Officer, बनाम Pravin Chamber, 1St Floor, Ward-2(1)(2), Rajkot Kothariya Naka Soni Bazar, Vs. Rajkot-360 001 Pan/Gir No.Ahtpm 7247 B "थायीलेखासं /. जीआइआरसं /. (अपीलाथ"/Appellant) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Chetan Agarwal, Ar & Shri Brijesh Parekh, Ar राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Cit-Dr & Shri Abhimanyhu Singh, Sr-Dr

section 68, 69, 69A to 69D of the IT Act and as such, in the light of non-disputed fact that unexplained credit whether found in the bank statement of the assessee, who regularly maintain books of accounts. Ld. ITAT should have agreed to legal-plea of the Revenue that till onus with respect to identity, credit worthiness

SHRI VISHAL MEHTA,RAJKOT vs. THE ITO WARD-2(1) (2) , RAJKOT

Appeals of the assessee are allowed for statistical purposes, in above terms

Bench: Dr. Arjun Lal Sainiand Shri Dinesh Mohan Sinhaआयकर अपीलसं/.Ita No.74 To 77/Rjt/2024 "नधा"रण वष"/ Assessment Years: (2012-13 To 2015-2016) Vishal Mehta Income Tax Officer, बनाम Pravin Chamber, 1St Floor, Ward-2(1)(2), Rajkot Kothariya Naka Soni Bazar, Vs. Rajkot-360 001 Pan/Gir No.Ahtpm 7247 B "थायीलेखासं /. जीआइआरसं /. (अपीलाथ"/Appellant) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Chetan Agarwal, Ar & Shri Brijesh Parekh, Ar राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Cit-Dr & Shri Abhimanyhu Singh, Sr-Dr

section 68, 69, 69A to 69D of the IT Act and as such, in the light of non-disputed fact that unexplained credit whether found in the bank statement of the assessee, who regularly maintain books of accounts. Ld. ITAT should have agreed to legal-plea of the Revenue that till onus with respect to identity, credit worthiness

THE DY. COMMR. OF INCOME TAX, CEN. CIR.-1,, RAJKOT vs. BHARATKUMAR ISHWARBHAI BHATIYA,, RAJKOT

302-Sai Darsan Apartment, Junagadh Income-tax Office, Adarshnagar-2, Joshipura, Bhutnath Chambers, Opp. Junagadh-362 001 Vs. Bahauddin College, College Road, Junagadh – 362 001 स्थायी लेखा सं./जी आइ आर सं./PAN/GIR No.: AEYPT 7701 B (Applicant) (Respondent) आयकर अपील सं./ITA No. 171/RJT/2015 (निर्धारण वर्ष/Assessment Year: (2006-07) Bharatkumar Ishwarbhai Bhatiya 301, UVI Palace, Wing

THE ITO WARD-1 (2) (1),, RAJKOT vs. SHRI KHRAJMAL LEKHRAJBHAI THAVRANI, RAJKOT

302-Sai Darsan Apartment, Junagadh Income-tax Office, Adarshnagar-2, Joshipura, Bhutnath Chambers, Opp. Junagadh-362 001 Vs. Bahauddin College, College Road, Junagadh – 362 001 स्थायी लेखा सं./जी आइ आर सं./PAN/GIR No.: AEYPT 7701 B (Applicant) (Respondent) आयकर अपील सं./ITA No. 171/RJT/2015 (निर्धारण वर्ष/Assessment Year: (2006-07) Bharatkumar Ishwarbhai Bhatiya 301, UVI Palace, Wing

THE INCOME TAX OFFICER-WARD-2,, JUNAGADH vs. SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,, JUNAGADH

302-Sai Darsan Apartment, Junagadh Income-tax Office, Vs. Adarshnagar-2, Joshipura, Bhutnath Chambers, Opp. Junagadh-362 001 Bahauddin College, College Road, Junagadh – 362 001 स्थायी लेखा सं./जी आइ आर सं./PAN/GIR No.: AEYPT 7701 B (Applicant) (Respondent) आयकर अपील सं./ITA No. 171/RJT/2015 (निर्धारण वर्ष/Assessment Year: (2006-07) Bharatkumar Ishwarbhai Asstt. Commissioner of Bhatiya 301, UVI Palace

SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,,JUNAGADH vs. THE INCOME TAX OFFICER-WARD 1(2)(4),, RAJKOT

302-Sai Darsan Apartment, Adarshnagar-2, Joshipura, Junagadh-362 001 Vs. Income-tax Officer, Ward-2, Junagadh Income-tax Office, Bhutnath Chambers, Opp. Bahauddin College, College Road, Junagadh – 362 001 स्थायी लेखा सं./जी आइ आर सं./PAN/GIR No.: AEYPT 7701 B (Applicant) (Respondent) आयकर अपील सं./ITA No. 171/RJT/2015 (निर्धारण वर्ष/Assessment Year: (2006-07) Bharatkumar Ishwarbhai Bhatiya

SHRI BHARATKUMAR ISHWARBHAI BHATIYA,RAJKOT-GUJARAT vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT

302-Sai Darsan Apartment, Junagadh Income-tax Office, Adarshnagar-2, Joshipura, Bhutnath Chambers, Opp. Junagadh-362 001 Vs. Bahauddin College, College Road, Junagadh – 362 001 स्थायी लेखा सं./जी आइ आर सं./PAN/GIR No.: AEYPT 7701 B (Applicant) (Respondent) आयकर अपील सं./ITA No. 171/RJT/2015 (निर्धारण वर्ष/Assessment Year: (2006-07) Bharatkumar Ishwarbhai Bhatiya 301, UVI Palace, Wing

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

section 68 of the Income-tax Act, 1961) cash credits/Unsecured\nloans in respect of Jay Khodiyar Dairy Farm received in the F.Y. relevant to\nA.Y.2012-13 and for the new loans pertains to A.Y.2014-15.\n(i). As regard the loan taken from Jay Khodiyar Dairy Farm during the A.Y.2012-13,\nit is submitted that copy of account of the party

MURUBHAI HARDASBHAI VASARA,PORBANDAR vs. ITO WD 2 (4), PORBANDAR, PORBANDAR

In the result, the appeal of the assessee is partly allowed in above terms

Bench: Dr. Arjun Lal Sainiआयकर अपील सं./Ita No. 554/Rjt/2025 िनधा"रण वष" /Assessment Year: (2017-18) Murubhai Hardasbhai Vasara Income-Tax Officer, Ward-2(4), Porbandar-360550 17, Main Bazar, Village Rana बनाम /Vs. Kandorna, Ranavav, Porbandar- 360 550 "ायीलेखासं./जीआइआरसं./Pan/Gir No.: Adqpv 9119 C (Appellant) (Respondent)

68 respectively, despite the fact that assessee has Murubhai H. Vasara submitted sufficient documentary evidences to prove the genuineness of the cash deposit in the bank account. 3. The facts of the case which can be stated quite shortly are as follows: The assessee before me is an individual and filed the return of income, on 08.12.2017 electronically, by declaring

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)

section 69A deals with "unexplained money" Shri Shamjibhai Shadabhai Kangad & Ors. IT(SS)A Nso.11 to 23 /RJT/2022 and Ors. (AYs : 2011-12 to 2018-19 & Ors..) 54 where the source is not explained. If the source is identifiable (even if estimated) as being from unaccounted business operations, then it logically should be taxed as business income rather than

THE ACIT, CIRCLE-1,, JAMNAGAR vs. M/S. SENOR METALS PVT. LTD., JAMNAGAR

In the results the appeal of the revenue is dismissed

Bench: Shri Waseem Ahmed & Ms Suchitra Raghunath Kambleआयकर अपील सं./Ita No. 260/Rjt/2015 िनधा"रण वष"/Asstt. Year:2011-12

section 43(5). It is immaterial whether transaction is carried out at the recognized stock exchange or not. Even the circular of CBDT cited in the assessment order states that once it is established that the assessee has entered in the transaction of the commodity that they deal the other technical details have no material impact. Hence, this reasoning