Smt. Bhavnaben Hasmukhlal Shah, RAJKOT-GUJARAT V. The Income Tax Officer, Ward-5(1), RAJKOT-GUJARAT

ITA 54/RJT/2011

• Counselvise Citation: 5424914 RSA 2011
• Duration Of Justice: 2 year(s) 1 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-04-2013
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB
• Next Hearing Date: 01-04-2013
• Assessment Year: 2001-2002
• Appeal Filed On: 23-02-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AVINASH KUMAR
• Assessee Lawyers: CHETAN AGARWAL
• Keywords: Gift
• Section: 143(3)

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBU N AL; RAJKOT BENCH, RAJKOT. .. , . . , BEFORE SHRI T. K. SHARMA, JM AND SHRI D. K. SRIVASTAVA, AM IT A NO . 5 4 /RJT/20 1 1 . 9 9 / ASSESSMENT YEAR 200 1 - 0 2 SHRI BHAV NABEN HASMUKHLAL SHAH C/O M/S BHARAT TOOLS STEEL SYNDICA T E DHEBAR ROAD, RAJKOT PAN: AG NPS8562J ( A / APPELLANT) VS. THE INCOME TAX OFFICER WARD 5(1), RAJKOT RAA / RESPONDENT 9 / ASSESSEE BY SHRI CHETAN AGARWAL / REVENUE BY SHRI AVINASH KUMAR /DATE OF HEARING 10.4.2013 / DATE OF PRONOUNCEMENT 19. 4.2013 / ORDER .. , / T. K. SHARMA, J. M. TH IS APPEAL BY THE ASSESSEE IS AGAINST THE ORDER DATED 26.11.2010 OF CIT(A) - I V , RAJKOT CONFIRMING THE ADDITION OF RS. 1,00, 000/ - MADE BY THE AO IN RESPECT OF GIFT RECEIVED FROM SHRI SANJAY ASHOKBHAI NANDHA, RESIDING AT SHARJAHAN (UAE) FOR THE ASSESSMENT YEAR 200 1 - 02 . 2. BRIEFLY STATED FACTS ARE THAT THE ASSESSEE (HUF) RECEIVED A GIFT OF RS. 1 , 00,000 / - FROM SHRI SANJAY ASHOKBHAI NANDHA RESIDING AT SHARJAHAN (UAE) FOR THE ASSESSMENT YEAR 2001 - 02. THIS GIFT OF RS 1 ,00,000/ - WAS RECEIVED ON 6.2.2001 FROM DONOR SHRI SANJAY ASHOKBHAI NANDHA THROUGH NRE ACCOUNT BEARING ACCOUNT N O. 36537 WITH STATE BANK OF SAURASHTRA, RAMKRISHNANAGAR BRANCH, RAJKOT BRANCH THROUGH BANK CHEQUE BEARING CHEQUE NO.20061 6 . THE AO IN THE ASSESSMENT ORDER FRAMED U /S 143(3) THE AO IN THE ASSESSMENT ORDER FRAMED U/S 143(3) ON 10.3.2004 TREATED THE AFORESAID GIFT AS NON - GENUINE AND ADDED BACK THE SAME TO THE TOTAL INCOME OF THE ASSESSEE.