SHRI KISHOR GORDHANBHAI JAKSANIA,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, RAJKOT-GUJARAT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68 of the Act. Hence the AO added the sum of Rs. 39 lakhs to the total income of the assessee. Aggrieved assessee preferred an appeal to the learned CIT (A) who has also confirmed the order of the AO. Being aggrieved by the order of the learned CIT (A), the assessee is in appeal before us. 16. The learned

SHRI SANJAYBHAI GORDHANBHAI JAKSANIA,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2 ,, RAJKOT-GUJARAT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68 of the Act. Hence the AO added the sum of Rs. 39 lakhs to the total income of the assessee. Aggrieved assessee preferred an appeal to the learned CIT (A) who has also confirmed the order of the AO. Being aggrieved by the order of the learned CIT (A), the assessee is in appeal before us. 16. The learned

SHRI GHANSHYAMBHAI GORDHANBHAI JAKSANIA,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, RAJKOT-GUJARAT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

68 of the Act. Hence the AO added the sum of Rs. 39 lakhs to the total income of the assessee. Aggrieved assessee preferred an appeal to the learned CIT (A) who has also confirmed the order of the AO. Being aggrieved by the order of the learned CIT (A), the assessee is in appeal before us. 16. The learned

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

section 133(6) of the Act, (inquiry letter) to the agent i.e. M/s Angel Broking Pvt. Ltd., calling the details of the transactions carried out by the assessee during the period under review. In response, M/s Angel Broking Pvt. Ltd submitted its reply on 21/08/2017. Perusal of the same threw light over the fact that assessee has entered into

M/S AJAY SALT & CHEMICALS,,UNA vs. I.T.O., WARD-1(3),, VERAVAL

In the result, the appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No.296/Rjt/2017 "नधा"रण वष"/Asstt. Year: 2006-2007

68, 69, 69A, 69B and 69C are all part of the same scheme where certain amounts though not proved to be the income of the assessee of the previous year concerned are for the purpose of charging to tax are deemed to be so by creating legal fiction absolving the department from its initial duty to prove that any such

GRENIC TILES PRIVATE LIMITED,WANKANER-MORBI vs. ASST.COMMISSIONER OF INCOME-TAX CIRCLE 1(1) RKT, RAJKOT

The appeal of the assessee is allowed, whereas\nappeal of the revenue is dismissed

68 of the Act, the\ncash to the tune of Rs.1,11,45,163/- deposited during demonetization period\nin various bank accounts of the assessee was therefore treated by the\nassessing officer, as unexplained cash credits within the meaning of section\n68 of the Act.\n7.Aggrieved by the order of the Assessing Officer, the assessee carried the\nmatter

ACIT CIRCLE-1(1), RAJKOT, RAJKOT vs. GRENIC TILES PVT LTD, MORBI

The appeal of the assessee is allowed, whereas\nappeal of the revenue is dismissed

68 of the Act, the\ncash to the tune of Rs.1,11,45,163/- deposited during demonetization period\nin various bank accounts of the assessee was therefore treated by the\nassessing officer, as unexplained cash credits within the meaning of section\n68 of the Act.\n7.Aggrieved by the order of the Assessing Officer, the assessee carried the\nmatter

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

section 263 of the Income-tax Act, 1961. On verification of the assessment records, it was noticed by the learned PCIT that 68,54

THE DY. COMMR. OF INCOME TAX, CIR.-1(2), RAJKOT-GUJARAT vs. M/S EAGLE MOTORS PVT. LTD.,, RAJKOT-GUJARAT

Appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmed

68,54,079/- was disallowed and added to the total income of the assessee under Section 43B. Further, the Assessing

ASSTT COMMISSIONER OF INCOME TAX, CIRCLE - 1(1), , RAJKOT vs. SYMBOSA GRANITO PRIVATE LIMITED, WANKANER

section 144B of the I.T. Act, dated 31-03-\n2022.\n(2) The Ld. CIT(A) has erred in law and on facts in deleting the addition of\nRs.57,61,000/-made u/s. 68 of the I.T. Act on account of unexplained fresh unsecured\nloan.\n(3) The Ld. CIT(A) has erred in law and on facts

SMT. KRUSHNABA PRAVINSINH JADEJA,,RAJKOT-GUJARAT vs. THE DY. COMMR. OF INCOME TAX, CIR.-1(1),, RAJKOT-GUJARAT

section 68 of the Act.\"\nHowever, the Assessing Officer, rejected the above contention of\nthe assessee and observed that assessee has failed to prove identity,\nPage | 14\nITA Nos.572&577/RJT/2015/AY.2012-13\nKrushnaba Pravinsinh Jadeja\ngenuineness and creditworthiness of the transactions, therefore, made\naddition of Rs. 83,00,000/- u/s. 68 of the Act.\n24.\nOn appeal, by the assessee

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

54,606/-\n25,48,06,382/-\n59,45,48,224/-\nII\nBharat I Bhatia\n2008-09\n85,60,64,053/- 26,68,19,216/- 59,92,44,837/-\nIII\nBharat I Bhatia\n2009-10\n3,29,38,258/- 98,81,477/- 2,30,56,781/-\nIV\nBharat I Bhatia\n2010

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

54,606/-\n25,48,06,382/-\n59,45,48,224/-\nII\nBharat I Bhatia\n2008-09\n85,60,64,053/-\n26,68,19,216/-\n59,92,44,837/-\nIII\nBharat I Bhatia\n2009-10\n3,29,38,258/-\n98,81,477/-\n2,30,56,781/-\nIV\nBharat I Bhatia\n2010

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

54,606/-\n25,48,06,382/-\n59,45,48,224/-\nII\nBharat I Bhatia\n2008-09\n85,60,64,053/-\n26,68,19,216/-\n59,92,44,837/-\nIII\nBharat I Bhatia\n2009-10\n3,29,38,258/-\n98,81,477/-\n2,30,56,781/-\nIV\nBharat I Bhatia\n2010

THE DY. COMMR. OF INCOME TAX, CIR.-1(1), RAJKOT-GUJARAT vs. SMT. KRUSHNABA P. JADEJA,, RAJKOT-GUJARAT

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

section 68 of the Act."” 23. However, the Assessing Officer, rejected the above contention of the assessee and observed that assessee has failed to prove identity, ITA Nos.572&577/RJT/2015/AY.2012-13 Krushnaba Pravinsinh Jadeja genuineness and creditworthiness of the transactions, therefore, made addition of Rs. 83,00,000/- u/s. 68 of the Act. 24. On appeal, by the assessee

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)

54,606/- 25,48,06,382/- 59,45,48,224/- II Bharat I Bhatia 2008-09 85,60,64,053/- 26,68,19,216/- 59,92,44,837/- III Bharat I Bhatia 2009-10 3,29,38,258/- 98,81,477/- 2,30,56,781/- IV Bharat I Bhatia

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

68 amounts to double taxation and is against the\nprinciple of natural justice. The ld CIT(A) noted that amount was received\nthrough proper banking channel and also, the same was settled by way of\ntransfer of physical gold and the same are duly reflected and offered as sales in\nthe relevant year's Trading account. This fact is confirmed

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

Appeals are dismissed, Assessee's appeals are partly allowed

68 amounts to double taxation and is against the\nprinciple of natural justice. The ld CIT(A) noted that amount was received\nthrough proper banking channel and also, the same was settled by way of\ntransfer of physical gold and the same are duly reflected and offered as sales in\nthe relevant year's Trading account. This fact is confirmed