M/S. VISHAL ENGINEERS & GALVANIZERS,,AHMEDABAD vs. THE DY.CIT, CIRCLE-6,, AHMEDABAD

Bench: Shri Pramod Kumar& Ms. Madhumita Roy

22. These judgments are, thus, not applicable and are clearly distinguishable. 23. In view of the above, the irresistible conclusion is that no capital gain under section

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

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

22,702/- for Assessment Years 2010-11 to 2014-15 respectively. In the result the ground No.3 raised by the assessee for Assessment Year 2010-11 to 2014-15 stands allowed. 35. Now we take up issue relating to gain/ loss from transactions of sale of shares and securities. This issue relates to Assessment Year

SMT. RASHIDABEN TAHER MORAWALA,GODHRA vs. THE DCIT, INT.-TAXA., BARODA

In the result, the appeal filed by the Assessee is hereby allowed

22-07-2022 Date of pronouncement : 19-10-2022 आदेश/ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- This is an filed by the Assessee as against the order dated 28.06.2019 passed by the Commissioner of Income Tax (Appeals)- 13, Ahmedabad, as against the assessment order passed u/s. 143(3) of the Income Tax Act, 1961 (hereinafter referred

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

CHINMAY GAURANGBHAI SHAH,AHMEDABAD vs. ACIT (INTER.TAXA)-1, AHMEDABAD

In the result, the appeal of the assessee is treated as partly allowed

22,198/- claimed on account of investment in capital gain scheme was required to be treated as income of A.Y. 2018-19. He allowed deduction in current year because, appellant has made investment in capital gain saving scheme in current year but held that as appellant has violated provisions of section

THE ACIT,(OSD)CIRCLE-8,, AHMEDABAD vs. TORRENT POWER LTD.,, AHMEDABAD

In the result, the appeal of the Revenue and the Cross-objection of the assessee, both are dismissed

Bench: Shri Sandeep Gosain & Shri Amarjit Singh

Section 49(1) of the Act, the capital • gains liability has to be computed by considering that the assessee held the said asset from the date it was held by the determining the indexed cost of acquisition. 22

GUJARAT FLUROCHEMICALS LTD.,,BARODA vs. THE DY.CIT.,CIRCLE-1(1),, BARODA

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediasr. No.

22,000/- out of interest expenditure on protective basis by observing that though profit on share transaction was held as business income, but if at any appellate stage, the same is held as taxable under ITA No.1379 and 1380/Ahd/2009 and 13 Others Gujarat Fluorochemicals Ltd. Vs. ACIT the head “capital gains”, then disallowance under section

GUJARAT FLUOROCHEMEICALS LTD,,BARODA vs. THE DY.CIT.,CIRCLE-1(1)(1),, BARODA

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediasr. No.

22,000/- out of interest expenditure on protective basis by observing that though profit on share transaction was held as business income, but if at any appellate stage, the same is held as taxable under ITA No.1379 and 1380/Ahd/2009 and 13 Others Gujarat Fluorochemicals Ltd. Vs. ACIT the head “capital gains”, then disallowance under section

GUJARAT FLUROCHEMICALS LIMITED,,BARODA vs. THE DY.CIT, CIRCLE-1(1),, BARODA

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediasr. No.

22,000/- out of interest expenditure on protective basis by observing that though profit on share transaction was held as business income, but if at any appellate stage, the same is held as taxable under ITA No.1379 and 1380/Ahd/2009 and 13 Others Gujarat Fluorochemicals Ltd. Vs. ACIT the head “capital gains”, then disallowance under section

THE DCIT, CIRCLE-1(1),, BARODA vs. GUJARAT FLUROCHEMICALS LTD.,, BARODA

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediasr. No.

22,000/- out of interest expenditure on protective basis by observing that though profit on share transaction was held as business income, but if at any appellate stage, the same is held as taxable under ITA No.1379 and 1380/Ahd/2009 and 13 Others Gujarat Fluorochemicals Ltd. Vs. ACIT the head “capital gains”, then disallowance under section

THA ADDL. CIT, RANGE-1,, BARODA vs. M/S. GUJARAT FLUROCHEMICALS LIMITED.,, BARODA

Appeals of the Revenue are dismissed, whereas appeals of the assessee are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediasr. No.

22,000/- out of interest expenditure on protective basis by observing that though profit on share transaction was held as business income, but if at any appellate stage, the same is held as taxable under ITA No.1379 and 1380/Ahd/2009 and 13 Others Gujarat Fluorochemicals Ltd. Vs. ACIT the head “capital gains”, then disallowance under section