M/S.SHEETAL REAL vs. INCOME TAX OFFICER

In the result, the appeal fails and the substantial questions of law

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

deposited in the cash credit account wherefrom borrowing/withdrawals had been done for purchasing shares. In the preceding paragraphs, we have noted that the CIT(A) came to the conclusion that borrowed funds were utilised for the purchase of shares for the sole reason that the funds flow was from a cash credit account. The question would be whether such

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)

cash deposited in the bank accounts, which have been left out, during the course of original assessment proceedings. Accordingly, assessing officer made addition of peak credit in individual bank accounts. However, on further appeal by assessee, before the Ld. CIT(A), the Ld. CIT(A), directed the assessing officer to make the addition as per consolidated peak, (not individual, bank

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

cash deposited in the bank accounts, which have been left out, during the course of original assessment proceedings. Accordingly, assessing officer made addition of peak credit in individual bank accounts. However, on further appeal by assessee, before the Ld. CIT(A), the Ld. CIT(A), directed the assessing officer to make the addition as per consolidated peak, (not individual, bank

THE ITO,, VIJAYAWADA vs. SRI TUMMALA VENKATA SURESH BABU, (HUF), VIJAYAWADA

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

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.293/Vizag/2017 (धनधाारण िर्ा / Assessment Year: 2010-11) Ito Ward-2(3), Sri Tummala Venkata Vijayawada Suresh Babu (Huf) Vijayawada [Pan No.Aacht2890M] (अपीलाथी / Appellant) (प्रत्याथी / Respondent) अपीलाथी की ओर से / Appellant By : Shri V. Srinivasa Rao, Dr प्रत्याथी की ओर से / Respondent By : Shri Y. Surya Chandra Rao, Ar सुनिाई की तारीख / Date Of Hearing : 22.05.2018 घोर्णा की तारीख / Date Of Pronouncement : 30.05.2018 आदेश / O R D E R Per D.S. Sunder Singh:

deposit the said capital gains in an account which is duly notified by the Central Government. In other words, if he want of claim exemption from payment of income tax by retaining the cash

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

cash deposits. The\nlearned CIT(A) has erred in law as well as on facts in not deleting the impugned\naddition on merits.\n5. The learned Assessing Officer has erred in law as well as on facts in making the\naddition of Rs.2,00,000/- on account of alleged unaccounted income. The learned\nCIT(A) has erred