KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

THE DY. CIT., CIRCLE-3,, AHMEDABAD vs. KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

KIFS SECURITIES PVT. LTD.,AHMEDABAD vs. THE ACIT, CIRCLE-1(3), AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3), AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3),, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

THE ACIT, CIRCLE-3,, AHMEDABAD vs. KIFS SECURITIES LIMITED,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

DY.COMMISSIONER OF INCOME TAX CIRCLE-1(3),, AHMEDABAD vs. KIFS PVT.LTD.,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

capital gain and to tax at the rate prescribed u/s. 111A of the Act. Your appellant craves liberty to add, to alter, to modify, to amend or delete any of the grounds of appeal at the time of on or before the hearing of appeal. ITA. No 2717/Ahd/2014 Assessment Year 2011-12 1.The Ld. CIT(A) has erred

M/S. CHANDAN INFRATECH LIMITED,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(3),, AHMEDABAD

capital gain of Rs. 22,36,38,580 as Income chargeable under the head "Profits and gains from Business or profession" and thereby computing tax at higher rate of 30% as against tax rate of 15% as provided under section 111A

PUNITA KALPESH PATEL,AHMEDABAD vs. THE ACIT, CIRCLE-5(2)(1), AHMEDABAD

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

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

capital gains tax rates (15% for STCG u/s 111A or 20% for LTCG). Allowing loss set-off would still enable avoidance, undermining the revenue's interest. The provision's use of "dividend or income" encompasses all amounts received, as held in analogous contexts by courts (e.g.. CIT v. Walfort Share & Stock Brokers