2025 (5) TMI 1851

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....pondent : Shri Yogesh Mishra, Sr DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- This appeal has been filed by the Revenue against the order of the learned Commissioner of Income-tax (Appeals)-11, Ahmedabad (in short "the CIT(A)") dated 09.10.2019 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as "the Act" for short], for Assessment Year (AY) 1993-94. 2. The gr....

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....the above extent." 3. The brief facts of the case are that the assessee is an individual carrying on business of investment in real estate. He had filed his original return of income on 31.03.1995 declaring total income of Rs. 96,530/-. A search action u/s 132 of the Act was carried out at the residential and office premises of the assessee. There was seizure of cash of Rs. 10,000/- and shares w....

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....ed Prakash Chiripal have accepted having paid the amounts in purchase of land. From the details filed by the Revenue, we find that the assessee has paid taxes of Rs. 16,44,539/- against the tax due of Rs. 16,61,713/-, Shri Natwarlal Parekh paid Rs. 23,94,477/- against the tax due of Rs. 44,77,920/- and Shri Natwarlal K. Patel AOP paid taxes of Rs. 37,63,537/- against the tax due of Rs. 38,08,339/-....