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Director Liable for Unexplained Credits Despite Transfer to Company: ITAT Ahmedabad
Case Law Details
- Case Name
- ITO Vs Ghanshyambhai Patel (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Ahmedabad
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ITO Vs Ghanshyambhai Patel (ITAT Ahmedabad)
Wrong Person Taxed: Ahmedabad ITAT Allows Revenue Appeal but Flags Double-Taxation Safeguard
The Ahmedabad “A” Bench of the ITAT disposed of the Revenue’s appeal in ITO, Ward-1(2)(1), Ahmedabad vs. Ghanshyambhai Patel, ITA No. 1511/Ahd/2025, AY 2017-18, vide order dated 18.12.2025
The case originated from reopening u/s 147 on the allegation of huge cash deposits during the demonetisation period in the Assessee’s bank account. During reassessment, it was found that no such demonetisation cash deposits existed in the personal bank account of th...
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