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)

section 292(C) of the Act, it is considered that these bank accounts pertain to the appellant & the transactions shown in these accounts are true & correct. On considering these transactions as turnover of the appellant, income on these transactions has to be estimated. Apart from these deposits & withdrawals in these accounts, there is no other evidence to decide the income

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

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

price minus market value as on sale of conversion shall be\ntreated as business income and can be taxed under the head “ Profits and gain of\nbusiness and profession.\" The assessee, for the year under consideration, has\noffered income against the said property to the tune of Rs. 9,50,000/-, under the\nhead “profits and gain of business

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these bank accounts pertain to the appellant & the transactions shown in these accounts are true & correct. On considering these transactions as turnover of the appellant, income on these transactions has to be estimated. Apart from these deposits & withdrawals in these accounts, there is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

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

125/- made on account of Pankajbhai ChimanlalLodhiya v. DCIT IT(SS)A No. 6 to 9 & 46 to 49 & 102/Rjt/2019 AY (2010-11 to 2014-15) unexplained investment in Properties and Rent thereof as per KYC documents of Undisclosed Foreign Bank Account. [This common ground no.4 is in revenue appeal in ITA No. 46/RJT/2019 for AY 2010-11, ground

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

125/- made on account of Pankajbhai ChimanlalLodhiya v. DCIT IT(SS)A No. 6 to 9 & 46 to 49 & 102/Rjt/2019 AY (2010-11 to 2014-15) unexplained investment in Properties and Rent thereof as per KYC documents of Undisclosed Foreign Bank Account. [This common ground no.4 is in revenue appeal in ITA No. 46/RJT/2019 for AY 2010-11, ground

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

125/- made on account of Pankajbhai ChimanlalLodhiya v. DCIT IT(SS)A No. 6 to 9 & 46 to 49 & 102/Rjt/2019 AY (2010-11 to 2014-15) unexplained investment in Properties and Rent thereof as per KYC documents of Undisclosed Foreign Bank Account. [This common ground no.4 is in revenue appeal in ITA No. 46/RJT/2019 for AY 2010-11, ground

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

125/- made on account of\nPage 3\nunexplained investment in Properties and Rent thereof as per KYC documents of\nUndisclosed Foreign Bank Account.\n[This common ground no.4 is in revenue appeal in ITA No. 46/RJT/2019 for AY 2010-11,\nground no. 5 in ITA No. 47/RJT/2019 for AY 2011-12, ground no. 6 in ITA No.\n48/RJT/2019

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

125/- made on account of\nPage 3\nunexplained investment in Properties and Rent thereof as per KYC documents of\nUndisclosed Foreign Bank Account.\n[This common ground no.4 is in revenue appeal in ITA No. 46/RJT/2019 for AY 2010-11,\nground no. 5 in ITA No. 47/RJT/2019 for AY 2011-12, ground no. 6 in ITA No.\n48/RJT/2019