ACIT, CIR-1(3), SURAT vs. PRAVIN PANNALAL SHAH, SURAT
In the result, appeal of the Revenue is dismissed
ITA 289/SRT/2022[2014-15]Status: DisposedITAT Surat31 Jul 2023AY 2014-15
Bench: Shri Pawan Singh, Jm & Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.289/Srt/2022 (िनधा"रणवष" / Assessment Year: (2014-15) (Virtual Court Hearing) Assistant Commissioner Of Shri Pravin Pannalal Shah Lal Bunglow, Athwalines, Income-Tax, Circle-1(3, Vs. Surat-395007 Room No.301, 3Rd Floor, Anavil Business Centre, Hajira Road, Adajan, Surat-395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Adrps 1045 H (अपीलाथ" /Assessee) (""थ"/Respondent)
For Appellant: Shri Tushar P. Hemani, Sr. Advocate &For Respondent: Shri Vinod Kumar, Sr-DR
Section 142(1)Section 143(2)Section 143(3)Section 68
house property’, income from ‘business and profession’ and income from ‘other sources’ comprising interest income. During the assessment proceedings, the assessing officer observed that assessee has purchased a property amounting to Rs.6,37,97,760/- during the assessment year under consideration. The source of the funds are mostly loans and gifts received by the assessee from various persons during
