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Additions under Section 69C Based on Seized Diaries Sustained; Interest Treated as Real Income for AY 2020-21; Assessee Appeals Dismissed: Mukesh Mohanlal Vaghela vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Mukesh Mohanlal Vaghela, an individual based
in Mumbai, filed returns of income for Assessment Years 2013-14 to 2020-21. A
search and seizure action under Section 132 was conducted on 23....
Section 50C Valuation Dispute Remanded for DVO Reference Where Stamp Duty Value Alleged to Exceed Fair Market Value: Laljibhai Parshottambhai Gaudani vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Laljibhai Parshottambhai Gaudani, filed his
return of income for Assessment Year 2012-13 declaring income of ₹22,44,370.
The assessment was reopened under Section 147 on the basis of in...
Penalty under Section 272A(1)(d) Deleted Where Non-Compliance Was Due to Reasonable Cause under Section 273B: Chudaji Thakor vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Chudaji Thakor, an individual farmer residing in a remote
village in Gandhinagar district, had not filed his return of income for
Assessment Year 2018-19. During the relevant year, the as...
Closing Stock Valuation Issue Remanded for Fresh Verification Where Quantity Not in Dispute and Valuation Reconciliation Ignored: Jitubhai Shamaldas Tokle vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Jitubhai Shamaldas Tokle, proprietor of Tokle
Timbers, filed an appeal for Assessment Year 2022-23 against the order dated
17.10.2025 passed by the Commissioner of Income Tax (Appeals), N...
Section 68 Addition Deleted Where Loan Amounts Were Fully Repaid Before Filing of Return and Completion of Assessment: Shaurya Developers vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Shaurya Developers, filed its return of income
for Assessment Year 2017-18 on 31.10.2017 declaring total income of ₹35,95,670.
The assessment proceedings were initiated and notice under...
Bogus Purchase Addition under Section 69C Deleted Where Purchases Supported by Invoice, E-Way Bill, Bank Payments and Corresponding Sales: Espee Pharma Chem Pvt. Ltd. vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Espee Pharma Chem Pvt. Ltd., filed its return
of income for Assessment Year 2019-20 on 11.10.2019 declaring total income of
₹2,98,50,300. The case was reopened under Section 147 on the ...
Ex Parte Appellate Order Set Aside Where Notices Were Sent to Wrong Email and Address: Matter Restored for Fresh Hearing – Annie Hemendrakumar Khatri vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe
assessee, an individual, filed her return of income for Assessment Year 2012-13
on 05.03.2013 declaring income of ₹3,00,000 under the head “Salary”. The return
was processed under Section 14...
Amounts Received Under MOU Taxable as Income from Other Sources Where Assessee Had No Ownership Rights in Land; Reopening Upheld Despite Error in Quantum: Simatajvar Yusufkhan Khan vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Simatajvar Yusufkhan Khan, filed appeals for
Assessment Years 2009-10, 2010-11, 2013-14 and 2014-15 against separate orders
passed by the Commissioner of Income Tax (Appeals), National Fa...
Additions Based on Seized Diaries Sustained on Incremental Peak Theory but Notional Interest Deleted Applying Real Income Principle: Mukesh Mohanlal Vaghela vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Mukesh Mohanlal Vaghela, an individual, filed
returns of income for Assessment Years 2013-14 to 2020-21. A search and seizure
action under Section 132 was conducted on 23.11.2021 in the c...
Death-cum-Retirement Gratuity Fully Exempt under Section 10(10); Addition Deleted Despite Faceless Reassessment: Sonia Pravin Rajani vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Sonia Pravin Rajani, filed an appeal for
Assessment Year 2019-20 against the order dated 31.07.2025 passed by the
Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, De...