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

section 68 of the Act.\nReliance is further placed on the decision of the ITAT, Mumbai Bench in\nthe case of ITO vs. Surana Traders, (2005)93 TTJ 875: (2005)92

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

section 68 of the Act.\nReliance is further placed on the decision of the ITAT, Mumbai Bench in\nthe case of ITO vs. Surana Traders, (2005)93 TTJ 875: (2005)92

THE INCOME TAX OFFICER, WARD-3(1), JAMNAGAR vs. M/S. PARAS BUILDCON P. LTD., JAMNAGAR

Bench: Shri Waseem Ahmed & Shri T.R Senthil Kumar

section 68 of the Act. 12. The assessee in the year under consideration has issued 92,500 shares at Rs. 200 per share

THE DY. COMMR. OF INCOME TAX, CIR.-2,, JAMNAGAR vs. SHRI RASIKLAL KHIMJI MODI,, PORBANDAR

In the result, the aforesaid issues are to restored to the file of Ld

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

92,313/-, 15% of the expenses and travelling expenses at Rs. 38,463/- are confirmed to be added to the total income considering for personal in nature. All other expenses are comparable with expenses of A.Y. 2007-08 in which assessment order u/s 143(3) of the I. T. Act. 1961, hence, out of that no disallowance is called

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

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 2010-11 7,81,70,284/- 2,34,51,085/- 5,47,19,199/- V Bharat I. Bhatia

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)

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 2010-11 7,81,70,284/- 2,34,51,085/- 5,47,19,199/- V Bharat I. Bhatia

M/S. SARJU VITRIFIED PVT. LTD.,MORBI-363641 vs. THE PR. CIT-1, RAJKOT, RAJKOT

Section 68 as applicable to the year under appeal, the assessee was not required to prove the source of the source in respect of unsecured loans. 4.The learned Pr. CIT has erred in law as well as on facts in setting aside the assessment order passed by the ld. A.O. u/s. 143(3) and directing de-novo assessment regarding

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

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

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 2010-11 7,81,70,284/ 2,34,51,085/ 5,47,19,199/ V Bharat I. Bhatia

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

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 2010-11 7,81,70,284/- 2,34,51,085/- 5,47,19,199/- V Bharat I. Bhatia

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

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 2010-11 7,81,70,284/- 2,34,51,085/- 5,47,19,199/- V Bharat I. Bhatia

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

92 and 93/Rjt/2018, for assessment year 2008- 09 and 2009–10, wherein addition made on account of income earned out of credit entries in undisclosed foreign Bank account, has been discussed by the Tribunal and adjudicated the issue in favour of assessee. Learned Counsel for the assessee submitted that the present issue in appeal is squarely covered by the aforesaid

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

92 and 93/Rjt/2018, for assessment year 2008- 09 and 2009–10, wherein addition made on account of income earned out of credit entries in undisclosed foreign Bank account, has been discussed by the Tribunal and adjudicated the issue in favour of assessee. Learned Counsel for the assessee submitted that the present issue in appeal is squarely covered by the aforesaid

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

92 and 93/Rjt/2018, for assessment year 2008- 09 and 2009–10, wherein addition made on account of income earned out of credit entries in undisclosed foreign Bank account, has been discussed by the Tribunal and adjudicated the issue in favour of assessee. Learned Counsel for the assessee submitted that the present issue in appeal is squarely covered by the aforesaid

ACTIONWARE INDIA PRIVATE LIMITED ,RAJKOT vs. THE PCIT-1, RAJKOT, RAJKOT

In the result, the appeal of the assessee is allowed

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं/.Ita No.317/Rjt/2024 "नधा"रणवष"/ Assessment Year: 2014-15 Actionware India Pvt. Ltd. The Pr.Cit-1 बनाम 316, Sagar Arcade Rajkot. Gandal Road Vs. Opp: Union Bank Of India Rajkot 360 002 (Gujarat) Pan : Aacck 3445 Q (अपीलाथ"/Assessee) : (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri D.M. Rindani, Ld.Ar राज"व क" ओर से/Revenue By : Shri Sanjay Punglia, Ld.Cit-Dr

section 68 of the Income tax Act, 1961 and taxed u/s 115BBE of the Act, as the genuineness of the transaction is not proved. Considering such facts, notice u/s 263 of the Income-tax Act, 1961 vide DIN & Notice No.ITBA/REV/F/REV1/2023-24/1061295630(1) dated 21.02.2024 was issued and duly served upon the assessee. The relevant portion of said notice is reproduced

DCIT, CENTRAL CIRCLE 2, RAJKOT, RAJKOT vs. VAIBHAV GINNING SPINNING MILL PVT. LTD., RAJKOT

In the result, the Appeal of the Department is dismissed

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकरअपील सं./ Ita No. 826/Rjt/2024 िनधा"रण वष" / Assessment Year: (2017-18) (Physical Hearing) Dcit Vs. Vaibhav Ginning & Spinning Central Circle-2, Rajkot Mill Private Limited “Amruta Estate”, 2Nd Floor, Mg Road, National Highway – 27, Gondal Rajkot-360001 Rajkot Highway At Bhojpara, Gondal, Gujarat - 360311 Pan/Gir No.: Aadcv4397D (Assessee) (Respondent) िनधा"रती की ओर से/Assessee By : Shri Rajendra Singhal, Ar राज" की ओर से/Respondent By : Shri Sanjay Punglia, Cit.Dr सुनवाई की तारीख/Date Of Hearing : 26/02/2026 घोषणा की तारीख/Date Of Pronouncement : 10/04/2026

section 68." 6.14.2 The Hon'ble Mumbai ITAT in case of R. S. Diamonds India (P.) Ltd. Vs. ACIT[2022] 145 taxmann.com 545 held that "Where assessee deposited cash into bank account during demonetization period from cash balance available in account books, no addition u/s 68 can be made." 6.14.3 The Hon'ble Delhi ITAT in the case

THE DY. COMMR. OF INCOME TAX, CIR.-2,, JAMNAGAR vs. SHRI SWAMINARAYAN INFRASTRUCTURE PVT. LTD.,, JAMNAGAR

In the result, the captioned appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

Section 68 of the Act are not attracted. The AO was not satisfied with assessee's explanation. Therefore, the amount of Rs.2,92

DHIMANT RASIKLAL SHAH,JAMNAGAR vs. PR. CIT-1, JAMNAGAR, JAMNAGAR

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No.354/Rjt/2024 ("नधा"रण वष" / Assessment Year: (2015-16) Shri Dhimant Rashiklal Shah Vs. The Pr.Cit-1, Home Maker, Opp. Sahvam Patrol Aayakar Bhavan, Taranjali Building, Pump, Saru Section Road, Jamnagar-361008 Jamnagar-361008 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Afups2094H (Appellant) (Respondent) Appellant By : Shri Mehul Ranpura, Ld. Ar Respondent By : Smt. Pallavi, Ld. Cit(Dr) : 04/08/2025 Date Of Hearing Date Of Pronouncement : 03/11/2025 आदेश / O R D E R Per, Dinesh Mohan Sinha, Jm:

Section Road, Jamnagar-361008 Jamnagar-361008 "थायीलेखासं./जीआइआरसं./PAN/GIR No.: AFUPS2094H (Appellant) (Respondent) Appellant by : Shri Mehul Ranpura, Ld. AR Respondent by : Smt. Pallavi, Ld. CIT(DR) : 04/08/2025 Date of Hearing Date of Pronouncement : 03/11/2025 आदेश / O R D E R Per, Dinesh Mohan Sinha, JM: Captioned appeal filed by the assessee is directed against the order passed

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

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 2010-11 7,81,70,284/- 2,34,51,085/- 5,47,19,199/- V Bharat I. Bhatia