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13 results for “house property”+ Section 256(1)clear

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Key Topics

Section 26327Section 143(3)15Section 133A9Addition to Income9Section 687Limitation/Time-bar7Section 153C6Survey u/s 133A5Section 254(1)4

BETEX INDIA LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

ITA 171/SRT/2021[2008-09]Status: DisposedITAT Surat23 Dec 2022AY 2008-09

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Rasesh Shah, CAFor Respondent: Sr. DR
Section 143(3)

256 ITR 360 / [2003] 127 Taxman 523, has held that onus of the assessee (in whose books of account credit appears) stands fully discharged if the identity of the creditor is established and actual receipt of money from such creditor is proved. In case, the Assessing Officer is dissatisfied about the source of cash deposited in the bank accounts

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2, SURAT vs. BETEX INDIA LIMITED, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

Condonation of Delay4
Section 142(1)3
Deduction3
ITA 174/SRT/2021[2008-9]Status: Disposed
ITAT Surat
23 Dec 2022

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Rasesh Shah, CAFor Respondent: Sr. DR
Section 143(3)

256 ITR 360 / [2003] 127 Taxman 523, has held that onus of the assessee (in whose books of account credit appears) stands fully discharged if the identity of the creditor is established and actual receipt of money from such creditor is proved. In case, the Assessing Officer is dissatisfied about the source of cash deposited in the bank accounts

DCIT, CENTRAL CIRCLE-2, SURAT, SURAT vs. DHANPRIYA PRINTS PVT. LTD.,, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

ITA 52/SRT/2022[2015-16]Status: DisposedITAT Surat23 Dec 2022AY 2015-16

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Rasesh Shah, CAFor Respondent: Sr. DR
Section 143(3)

256 ITR 360 / [2003] 127 Taxman 523, has held that onus of the assessee (in whose books of account credit appears) stands fully discharged if the identity of the creditor is established and actual receipt of money from such creditor is proved. In case, the Assessing Officer is dissatisfied about the source of cash deposited in the bank accounts

AMRUT SAROVAR,SURAT vs. PR. COMMISIONER INCOME TAX(CENTRAL), SURAT

In the result the grounds of appeal raised by the assessee in all three assessment years are allowed

ITA 94/SRT/2021[2016-17]Status: DisposedITAT Surat21 Oct 2021AY 2016-17

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 133ASection 142(1)Section 143(3)Section 153CSection 254(1)Section 263

Housing Projects Limited [343 ITR 329](Dei HC)],  CIT vs. Sunbeam Auto Ltd. [189 Taxman 0436 (Del.)],  PCIT vs. Delhi Airport Metro Express Pvt. Ltd. [ITA No. 705/2017(Del),  CIT V/s. Vika Polymers [341 ITR 537] (Delhi HC),  CIT vs Ganpat Ram Bishnoi [296 ITR 0292] (Raj HC),  CIT vs. Jain Constructions

AMRUT SAROVAR,SURAT vs. PR. COMMISIONER INCOME TAX(CENTRAL), SURAT

In the result the grounds of appeal raised by the assessee in all three assessment years are allowed

ITA 92/SRT/2021[2014-15]Status: DisposedITAT Surat21 Oct 2021AY 2014-15

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 133ASection 142(1)Section 143(3)Section 153CSection 254(1)Section 263

Housing Projects Limited [343 ITR 329](Dei HC)],  CIT vs. Sunbeam Auto Ltd. [189 Taxman 0436 (Del.)],  PCIT vs. Delhi Airport Metro Express Pvt. Ltd. [ITA No. 705/2017(Del),  CIT V/s. Vika Polymers [341 ITR 537] (Delhi HC),  CIT vs Ganpat Ram Bishnoi [296 ITR 0292] (Raj HC),  CIT vs. Jain Constructions

AMRUT SAROVAR,SURAT vs. PR. COMMISIONER INCOME TAX(CENTRAL), SURAT

In the result the grounds of appeal raised by the assessee in all three assessment years are allowed

ITA 93/SRT/2021[2015-16]Status: DisposedITAT Surat21 Oct 2021AY 2015-16

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 133ASection 142(1)Section 143(3)Section 153CSection 254(1)Section 263

Housing Projects Limited [343 ITR 329](Dei HC)],  CIT vs. Sunbeam Auto Ltd. [189 Taxman 0436 (Del.)],  PCIT vs. Delhi Airport Metro Express Pvt. Ltd. [ITA No. 705/2017(Del),  CIT V/s. Vika Polymers [341 ITR 537] (Delhi HC),  CIT vs Ganpat Ram Bishnoi [296 ITR 0292] (Raj HC),  CIT vs. Jain Constructions

SHILPRAJ DEVELOPERS PVT.LTD.,,SURAT vs. A.C.I.T, , CIRCLE-4,, SURAT

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

ITA 2608/AHD/2014[2008-09]Status: DisposedITAT Surat19 Apr 2021AY 2008-09

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No. 2608/Ahd/2014 ("नधा"रणवष" / Assessment Years: (2008-09) (Virtual Court Hearing) Shilpraj Developers Pvt. Ltd., The Acit, Circle- 4, Vs. 12, Suryakiran Apartment, Ghod-Dod Surat. Road, Surat-395005. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aadcs3045H (Assessee) (Respondent)

For Appellant: Shri Ashwin K. Parekh, CAFor Respondent: Ms Anupama Singla, Sr. DR
Section 133ASection 143(3)Section 71

256(1) of the Income-tax Act, 1961, for the opinion of the court : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee had been found in possession of gold valued at Rs. 48.72 lakhs and as such he was the owner of the said gold

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, SURAT vs. M/S. KEJRIWAL INDUSTRIES LTD.,, SURAT

In the result, the appeal of the Revenue is dismissed

ITA 1509/AHD/2016[2011-12]Status: DisposedITAT Surat04 May 2020AY 2011-12

Bench: Shri Sandeep Gosain & Shri O.P.Meena

Section 131Section 143Section 143(3)Section 14ASection 154Section 68

256 ITR 360 (Guj.)/ [2003] 127 Taxman 523 (Guj) of Hon’ble Gujarat High Court which laid down that when the assessee has primarily discharged the initial onus laid on him in terms of section DCIT, Circle-1(1)(2), Surat Vs. Kejriwal Industries Ltd.,/ITA No.1509/AHD/2016 for A.Y. 2011-12 Page 32 of 49 68 by providing details

ACIT, VAPI CIRCLE., VAPI vs. SHRI ANAND JAYANTILAL KHARBHARI, VAPI

In the result, appeal filed by the Revenue is dismissed

ITA 231/SRT/2020[2013-14]Status: DisposedITAT Surat31 May 2022AY 2013-14

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपील./Ita No.231/Srt/2020 ("नधा"रणवष" / Assessment Years: (2013-14) (Virtual Court Hearing) The Acit, Vapi Circle, Vs. Shri Anand Jayantilal Kharbhari, Vapi. 409, Tirupati Towrs, Gidc Char Rasta, Vapi- 396195. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ajqpk7929K (Assessee) (Respondent) Assessee By: Ms Poonam Joshi, Advocate Revenue By: Shri H. P. Meena, Cit(Dr) सुनवाईक"तार"ख/ Date Of Hearing : 22/03/2022 घोषणाक"तार"ख/Date Of Pronouncement : 31/05/2022 आदेश / O R D E R Per Dr. A. L. Saini, Am: The Captioned Appeal Filed By The Revenue, Pertaining To Assessment Year 2013-14, Is Directed Against The Order Passed By The Learned Commissioner Of Income Tax (Appeals), Valsad [In Short ‘Ld. Cit(A)’], In Appeal No. Itba/Apl/S/250/2020-21/1028054664(1) Dated 24.09.2020, Which In Turn Arises Out Of An Assessment Order Passed By Assessing Officer U/S 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As The ‘Act’) Dated 30.03.2016. 2. Grounds Of Appeal Raised By The Revenue As Follows:

For Appellant: Ms Poonam Joshi, AdvocateFor Respondent: Shri H. P. Meena, CIT(DR)
Section 143(3)

property, one was flat and one more shop which were used for own purpose and business only.” 6. However, assessing officer rejected the contention of the assessee and held that income from prevailing market rate of the house for letting out to Shri Manoj Shahu is at Rs.5,000/- per month that comes to Rs.60,000/-. Therefore, assessing officer disallowed

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, SURAT vs. DMC CONSTRUCTION PVT. LTD.,, MUMBAI

In the result, the grounds of Revenue’s appeal are dismissed

ITA 112/SRT/2021[2012-13]Status: DisposedITAT Surat10 Oct 2023AY 2012-13

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.112/Srt/2021 (Ay 2012-13) (Hearing In Physical Court) Deputy Commissioner Of Dmc Construction Pvt. Ltd Income-Tax, Central Circle-3, 9Th Trivedi Niwas, Rashtriya Vs Surat, Room No. 507, 5Th Floor, Shala Road, Ville Parle West, Aayakar Bhawan, Majura Gate, Mumbai-400056 Surat-395001 Pan No. Aadcd 2089 C अपीलाथ"/Appellant ""थ" /Respondent

Section 132Section 133ASection 143(2)Section 143(3)Section 148Section 254(1)

House Opp. CNI Church, Mugalisara, Surat and evidence of on-money was found pertaining to 10 flats. The amount involved in those transactions varies from Rs. 7,500/- to Rs.15.00 lakh respectively. The Assessing Officer prepared a summary on page-8 in his assessment order. On the basis of such summary and the details of document of flat No.404 purchased

KAMLESH KUMAR GADIYA,SURAT vs. INCOME TAX OFFICER, WARD-1(2)(2), SURAT, SURAT

In the result, ground No.1 and 2 raised by the assessee is allowed

ITA 772/SRT/2024[2014-15]Status: HeardITAT Surat19 Jan 2026AY 2014-15

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

For Appellant: Shri Sapnesh Sheth, AdvocateFor Respondent: Ms. Namita Patel, Sr. DR
Section 10(38)Section 250Section 68Section 69C

Section 250 of the Income-tax Act, 1961 (‘the Act’ in short) for Assessment Year 2014-15. 2. The assessee has raised following grounds of appeal:- “1 Ground-1: On the facts and the circumstances of the case and as per law, the Ld. Addl. CIT(A) has erred in confirming the additions made by the Ld. Assessing Officer

KALUBHAI DULABHAI GOLAVIYA,SURAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, , SURAT

In the result, ground raised by the assessee is allowed

ITA 619/SRT/2018[2014-15]Status: DisposedITAT Surat30 Mar 2023AY 2014-15

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकर अपीलसं./It(Ss)A No.15 & Ita No.619/Srt/2018 (िनधा"रणवष" / Assessment Years: (2011-12 &2014-15) (Virtual Court Hearing) Shri Kalubhai Dulabhai Golaviya Deputy Commissioner Of Income-Tax, B/1-2, Jalaram Society, B/H. Central Circle-2, Aaykar Bhavan, Vs. Gurunagar Society, Varachha Majura Gate, Surat-395001 Road, Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ablpp 5116 A (अपीलाथ" /Appellant) (""थ" /Respondent)

For Appellant: Shri Ashwin K Parekh, C.AFor Respondent: Shri Ashok B.Koli, CIT-DR &
Section 132Section 143(2)Section 143(3)Section 153ASection 45(3)Section 54F

1. The assessee was not indulged in the activity of either construction or dealing in plots or land. From A.Y 2007-08 to A.Ys 2010-11, the assessee carried out following activity: 2007-08 : Agriculturist 2008-09 : Agriculturist and income from other sources 2009-10 : Agriculturist and income from other sources 2010-11 : Agriculturist and income from other sources

SEJAL JEWELLERS PVT. LTD.,,SURAT vs. THE INCOME TAX OFFICER, WARD-2(1)(2),, SURAT

In the result, appeal of the assessee is allowed

ITA 435/AHD/2017[2012-13]Status: DisposedITAT Surat28 Feb 2022AY 2012-13

Bench: Shripawan Singh, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.435/Ahd/2017 (िनधा"रणवष" / Assessment Year: (2012-13) (Virtual Court Hearing) Sejal Jewellers Pvt. Ltd, Income Tax Officer, Ward-2(1)(2), V Ug-4/5 Rangila Park, Ghod Dod Surat, Aaykar Bhavan, Majura Gate, S. Road, Surat-395007 Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaqcs 8686 P (Appellant ) (Respondent)

For Appellant: Shri Rasesh Shah, CAFor Respondent: Shri H.P. Meena– CIT-DR
Section 131Section 131(1)(d)Section 133(6)Section 143(3)Section 68

House International Pvt. Ltd. [(2018)408 ITR 0561 (MP) ]  PCIT v/s. Paradise Inland Shipping Pvt. Ltd. [SLP no. 12644/2018] (SC)  ITA No.435/AHD/2017 A.Y. 2012-13 Sejal Jewellers Pvt. Ltd. PCIT v/s. Paradise Inland Shipping Pvt. Ltd. [84 taxmann.com 58] (Bom.) (HC)  CIT v/s. Ranchhod Jivanbhai Nakhava [21 taxmann.com 159] (Guj.) (HC)  CIT vs. Gangeshwari Metal (P.) Ltd. (2013) 30 taxmann.com