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INTERNATIONAL CREATIONS PRIVATE LIMITED,SURAT vs. INCOME TAX OFFICER, WARD-1, SURAT

In the result, the appeal of the assessee is allowed

ITA 742/SRT/2024[2015-16]Status: DisposedITAT Surat26 Sept 2025AY 2015-16

Bench: SHRI DINESH MOHAN SINHA (Judicial Member), SHRI BIJAYANANDA PRUSETH (Accountant Member)

Section 194Section 2Section 2(22)(e)Section 201Section 201(1)Section 250

deemed dividend u/s.2(22)(e) of the Act to the extent of accumulated profit. Therefore, TDS as per provisions of Section

SMT. JAYABEN MATHURDAS KANERIA,,SURAT vs. THE INCOME TAX OFFICER, WARD -1(3),, SURAT

In the result, appeal of the assessee for A

ITA 2029/AHD/2015[2011-12]Status: DisposedITAT Surat16 Aug 2018AY 2011-12

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No’S.2031 & 2663/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Amitkumar Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7315 J) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No’S.1545 & 2029/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Smt.Jayaben Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7316 M) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No.2030/Ahd/2015/Srt िनधा"रण वष"/Assessment Year : 2010-11 Smt.Jullie Amit Kaneria, Vs. The Income Tax Officer, 64, Himgiri Bunglows, Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Aizpk 3199 B) अपीलाथ" Appellant ""यथ"/Respondent

Section 144

deemed dividend u/s.2(22)(e) only accumulated profits at the beginning of the year needs to be considered. Further placing reliance in the case of Kewal Kumar Jain (supra) it was contended that such addition needs to be restricted to the extent of shareholding which is 13.66%, hence addition u/s.2(22)(e) should be restricted to 13.66% of the accumulated

SHRI AMITKUMAR MATHURDAS KANERIA,,SURAT vs. THE INCOME TAX OFFICER, WARD -3(3),, SURAT

In the result, appeal of the assessee for A

ITA 2031/AHD/2015[2010-11]Status: DisposedITAT Surat16 Aug 2018AY 2010-11

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No’S.2031 & 2663/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Amitkumar Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7315 J) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No’S.1545 & 2029/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Smt.Jayaben Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7316 M) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No.2030/Ahd/2015/Srt िनधा"रण वष"/Assessment Year : 2010-11 Smt.Jullie Amit Kaneria, Vs. The Income Tax Officer, 64, Himgiri Bunglows, Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Aizpk 3199 B) अपीलाथ" Appellant ""यथ"/Respondent

Section 144

deemed dividend u/s.2(22)(e) only accumulated profits at the beginning of the year needs to be considered. Further placing reliance in the case of Kewal Kumar Jain (supra) it was contended that such addition needs to be restricted to the extent of shareholding which is 13.66%, hence addition u/s.2(22)(e) should be restricted to 13.66% of the accumulated

SMT. JULLIE AMIT KANERIA,,SURAT vs. THE INCOME TAX OFFICER, WARD -3(3),, SURAT

In the result, appeal of the assessee for A

ITA 2030/AHD/2015[2010-11]Status: DisposedITAT Surat16 Aug 2018AY 2010-11

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No’S.2031 & 2663/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Amitkumar Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7315 J) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No’S.1545 & 2029/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Smt.Jayaben Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7316 M) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No.2030/Ahd/2015/Srt िनधा"रण वष"/Assessment Year : 2010-11 Smt.Jullie Amit Kaneria, Vs. The Income Tax Officer, 64, Himgiri Bunglows, Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Aizpk 3199 B) अपीलाथ" Appellant ""यथ"/Respondent

Section 144

deemed dividend u/s.2(22)(e) only accumulated profits at the beginning of the year needs to be considered. Further placing reliance in the case of Kewal Kumar Jain (supra) it was contended that such addition needs to be restricted to the extent of shareholding which is 13.66%, hence addition u/s.2(22)(e) should be restricted to 13.66% of the accumulated

SHRI AMITKUMAR MATHURDAS KANERIA,,SURAT vs. THE INCOME TAX OFFICER, WARD -1(3),, SURAT

In the result, appeal of the assessee for A

ITA 2663/AHD/2015[2011-12]Status: DisposedITAT Surat16 Aug 2018AY 2011-12

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No’S.2031 & 2663/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Amitkumar Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7315 J) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No’S.1545 & 2029/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Smt.Jayaben Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7316 M) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No.2030/Ahd/2015/Srt िनधा"रण वष"/Assessment Year : 2010-11 Smt.Jullie Amit Kaneria, Vs. The Income Tax Officer, 64, Himgiri Bunglows, Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Aizpk 3199 B) अपीलाथ" Appellant ""यथ"/Respondent

Section 144

deemed dividend u/s.2(22)(e) only accumulated profits at the beginning of the year needs to be considered. Further placing reliance in the case of Kewal Kumar Jain (supra) it was contended that such addition needs to be restricted to the extent of shareholding which is 13.66%, hence addition u/s.2(22)(e) should be restricted to 13.66% of the accumulated

SMT. JAYABEN MATHURDAS KANERIA,,SURAT vs. THE THE INCOME TAX OFFICER, WARD -1(3),, SURAT

In the result, appeal of the assessee for A

ITA 1545/AHD/2015[2010-11]Status: DisposedITAT Surat16 Aug 2018AY 2010-11

Bench: Shri C.M.Garg & Shri O.P.Meenaआ.अ.सं./I.T.A No’S.2031 & 2663/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Amitkumar Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7315 J) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No’S.1545 & 2029/Ahd/2015/Srt िनधा"रण वष"/Assessment Years : 2010-11 & 2011-12 Smt.Jayaben Mathurdas Kaneria, Vs The Income Tax Officer, 64, Himgiri Bunglows, . Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Adppk 7316 M) अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं./I.T.A No.2030/Ahd/2015/Srt िनधा"रण वष"/Assessment Year : 2010-11 Smt.Jullie Amit Kaneria, Vs. The Income Tax Officer, 64, Himgiri Bunglows, Ward-3(3), Surat. Near: Rajhans Cinema, Piplod, Dumas Road, Surat – 395 007. [Pan: Aizpk 3199 B) अपीलाथ" Appellant ""यथ"/Respondent

Section 144

deemed dividend u/s.2(22)(e) only accumulated profits at the beginning of the year needs to be considered. Further placing reliance in the case of Kewal Kumar Jain (supra) it was contended that such addition needs to be restricted to the extent of shareholding which is 13.66%, hence addition u/s.2(22)(e) should be restricted to 13.66% of the accumulated

RAHUL TEXTILE INDUSTRIES PVT. LTD., ,SURAT vs. ITO-TDS, WARD-2, SURAT

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

ITA 8/SRT/2023[2013-14]Status: DisposedITAT Surat30 Jun 2023AY 2013-14

Bench: Shri Pawan Singh(Physical Hearing) Rahul Textile Industries Pvt. Ltd., Vs. The Ito, Tds, Ward-2, 4026-27, World Trade Centre, Surat. Udhna Darwaja, Ring Road, Surat – 395002. Pan : Aadcr5890F Appellant Respondednt

Section 143(3)Section 194Section 2(22)(e)Section 201Section 201(1)Section 254(1)Section 3

dividend income which is pending adjudication and in case of assessee, it is a double taxation. 10. I have considered the submission of both the parties and gone through the order of lower authorities. I find that Assessing Officer/ITO, TDS passed the order against the assessee by treating it in default for want of TDS on payment on alleged deemed

SHREE DURGA SYNTEX PRIVATE LIMITED,SURAT vs. ACIT, CIRCLE-4, SURAT

In the result, appeal of the assessee is allowed for statistical purpose

ITA 29/SRT/2020[2011-12]Status: DisposedITAT Surat30 Jun 2022AY 2011-12

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) D.C.I.T. M/S Shree Durga Syntex Pvt. Ltd., Circle-2(1)(2), Block No. 129 & 175, Plot No. Z&E, R.S. Vs. Room No. 205, Aayakar No. 120, Tal: Jolva-394305, Dist- Surat. Bhavan, Majura Gate, Pan: Aabcd 8894 P Surat. Appellant Respondednt M/S Shree Durga Syntex Pvt. Ltd., A.C.I.T. Block No. 129 & 175, Plot No. Circle-4, Vs. Z&E, Jolva Rs No. 120 & 120/1, Surat. Surat-394305. Pan: Aabcd 8894 P Appellant Respondednt

Section 2(22)(e)Section 2(24)(x)Section 254(1)Section 36(1)(va)

deemed dividend u/s 2(22)(e) of the Act, though the assessee company had received unsecured loans from the group company, which satisfy the stipulation of the provisions of Section 2(22)(e) of the Act. 3. On the facts and in the circumstances of the case and in law, the ld. CIT(A), Surat ought to have upheld

DCIT, CIRCLE-2(1)(2), SURAT vs. M/S. SHREE DURGA SYNTEX PVT. LTD, SURAT

In the result, appeal of the assessee is allowed for statistical purpose

ITA 57/SRT/2020[2011-12]Status: DisposedITAT Surat30 Jun 2022AY 2011-12

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) D.C.I.T. M/S Shree Durga Syntex Pvt. Ltd., Circle-2(1)(2), Block No. 129 & 175, Plot No. Z&E, R.S. Vs. Room No. 205, Aayakar No. 120, Tal: Jolva-394305, Dist- Surat. Bhavan, Majura Gate, Pan: Aabcd 8894 P Surat. Appellant Respondednt M/S Shree Durga Syntex Pvt. Ltd., A.C.I.T. Block No. 129 & 175, Plot No. Circle-4, Vs. Z&E, Jolva Rs No. 120 & 120/1, Surat. Surat-394305. Pan: Aabcd 8894 P Appellant Respondednt

Section 2(22)(e)Section 2(24)(x)Section 254(1)Section 36(1)(va)

deemed dividend u/s 2(22)(e) of the Act, though the assessee company had received unsecured loans from the group company, which satisfy the stipulation of the provisions of Section 2(22)(e) of the Act. 3. On the facts and in the circumstances of the case and in law, the ld. CIT(A), Surat ought to have upheld

SHILPRAJ DEVELOPERS PVT.LTD.,,SURAT vs. THE INCOME TAX OFFICER, TDS- 2,, SURAT

In the result, appeal of assessee in ITA No

ITA 3160/AHD/2014[2008-09]Status: DisposedITAT Surat03 Mar 2021AY 2008-09

Bench: Shri Pawan Singh, Hon'Ble & Dr.Shri Arjun Lal Saini, Hon'Ble(Virtual Hearing) आ.अ.सं./I.T.A No.3160/Ahd/2014 & 2054/Ahd/2016 "नधा"रण वष"/Assessment Year: 2008-09 Shilpraj Developers Pvt. Ltd., Vs. 1) The Ito/Tds-2, 12, Suryakiran Apt., Ghod-Dod Surat. Road, Surat – 395007. Jcit/T.D.S. [Pan: Aadcs 3045 H] Range/Surat. अपीलाथ" / Appellant ""यथ"/Respondent "नधा"रतीक"ओर से /Assessee By Shri Ashwin Parekh – Ca राज"वक"ओर से /Revenue By Shri Ritesh Mishra – Cit(Dr) सुनवाई की तारीख/ Date Of Hearing: 03.03.2021 उ"घोषणा क" तार"ख/Pronouncement On: 03.03.2021 आदेश /O R D E R Per Pawan Singh, Judicial Memeber: 1. These Two Appeals By The Assessee Are Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)-4 & 3, Surat For Assessment Year (Ay) 2008-09. In Ita No.316/Ahd/2014, The Assessee Has Challenged The Validity Of Order Under Section 201(1) R.W.S 201(1A) Passed By Ito- Tds. & In Ita No.2054/Ahd/2016, The Assessee Has Challenged The Validity Of Penalty Levied Under Section 271C Of The Act. As Both The Appeals Are Arising Of The Order Passed By Ito-Tds Under Section 201(1)/201(1A) & Are Inter- Connected With Each Other, Therefore, With The Consent Of The Shilpraj Developers Pvt. Ltd., Vs. Ito/Tds-2/Srt /

Section 143(3)Section 194Section 2(22)(e)Section 201Section 201(1)Section 271(1)(c)Section 271C

deemed dividend and that assessee was liable to deduct tax at source @20%. On the basis of above observation the ITO-TDS

SHILPRAJ DEVELOPERS PVT. LTD.,,SURAT vs. THE JCIT, T.D.S. RANGE,, SURAT

In the result, appeal of assessee in ITA No

ITA 2054/AHD/2016[2008-09]Status: DisposedITAT Surat03 Mar 2021AY 2008-09

Bench: Shri Pawan Singh, Hon'Ble & Dr.Shri Arjun Lal Saini, Hon'Ble(Virtual Hearing) आ.अ.सं./I.T.A No.3160/Ahd/2014 & 2054/Ahd/2016 "नधा"रण वष"/Assessment Year: 2008-09 Shilpraj Developers Pvt. Ltd., Vs. 1) The Ito/Tds-2, 12, Suryakiran Apt., Ghod-Dod Surat. Road, Surat – 395007. Jcit/T.D.S. [Pan: Aadcs 3045 H] Range/Surat. अपीलाथ" / Appellant ""यथ"/Respondent "नधा"रतीक"ओर से /Assessee By Shri Ashwin Parekh – Ca राज"वक"ओर से /Revenue By Shri Ritesh Mishra – Cit(Dr) सुनवाई की तारीख/ Date Of Hearing: 03.03.2021 उ"घोषणा क" तार"ख/Pronouncement On: 03.03.2021 आदेश /O R D E R Per Pawan Singh, Judicial Memeber: 1. These Two Appeals By The Assessee Are Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)-4 & 3, Surat For Assessment Year (Ay) 2008-09. In Ita No.316/Ahd/2014, The Assessee Has Challenged The Validity Of Order Under Section 201(1) R.W.S 201(1A) Passed By Ito- Tds. & In Ita No.2054/Ahd/2016, The Assessee Has Challenged The Validity Of Penalty Levied Under Section 271C Of The Act. As Both The Appeals Are Arising Of The Order Passed By Ito-Tds Under Section 201(1)/201(1A) & Are Inter- Connected With Each Other, Therefore, With The Consent Of The Shilpraj Developers Pvt. Ltd., Vs. Ito/Tds-2/Srt /

Section 143(3)Section 194Section 2(22)(e)Section 201Section 201(1)Section 271(1)(c)Section 271C

deemed dividend and that assessee was liable to deduct tax at source @20%. On the basis of above observation the ITO-TDS

DCIT, CIRCLE-1(1)(2), SURAT vs. J B SYNTEX PVT. LTD, SURAT

In the result, appeal filed by the Revenue is dismissed

ITA 140/SRT/2020[2011-12]Status: DisposedITAT Surat18 Oct 2023AY 2011-12

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.140/Srt/2020 Assessment Year: (2011-12) (Physical Hearing) The Dcit, Vs. J. B. Syntex Pvt. Ltd., Circle – 1(1)(2), B-25, Guj. Eco. Textile Park, Surat N. H. No.8, Palsana, Surat – 394315. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabcj9389D (Appellant) (Respondent) Shri Vinod Kumar, Sr. Dr Appellant By Shri Rasesh Shah, Ca Respondent By Date Of Hearing 17/08/2023 Date Of Pronouncement 18/10/2023

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 68

dividends on the investments made by the share applicants. It is beyond common comprehension that why the investor became so mesmerized to invest in the assessee- company without earning any income in the entire investment cycle. The ld DR further pointed out that payments received through banking channel are not sacrosanct. Therefore, it is a settled position in law that