TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX (OSD) CIRCLE-8,, AHMEDABAD

In the result appeal of the Revenue is partly allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita.No.1285 & 1286/Ahd/2017 िनधा"रण वष"/Asstt. Year: 2009-10 & 2010-11 & Ita No.1396 & 1397/Ahd/2018 Asstt.Year 2011-12 & 2012-13 Torrent Pharmaceuticals Ltd. Acit, Circle-4(1)(2) Torrent House Ahmedabad. Vs. Off.Ashram Road Ahmedabad 380 009. आयकर अपील सं./Ita.No.1327 & 1328/Ahd/2017 िनधा"रण वष"/ Asstt. Year: 2009-10 & 2010-11 & आयकर अपील सं./Ita.No.1414 & 1415/Ahd/2018 िनधा"रण वष"/ Asstt. Year: 2011-12 & 2012-13 Acit, Circle-4(1)(2) Torrent Pharmaceuticals Ltd. Ahmedabad. Torrent House Vs. Off.Ashram Road Ahmedabad 380 009. (Applicant) (Responent) Assessee By : Shri Vartik Choksi, With Shri Biren Shah, Ars. Revenue By : Shri Mohd. Usman, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 23/11/2021 घोषणा क" तारीख /Date Of Pronouncement: 22/02/2022 आदेश/O R D E R Per Bench

gains of an eligible business to which the provisions of sub-section (1) apply shall, for the purposes of determining the quantum of deduction under that sub-section for the assessment year immediately succeeding the initial assessment year or any subsequent assessment year, be computed as if such eligible business were the only source of income of the assessee during

SHALLU BANSAL,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3),, AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediaआयकर अपील सं./ Ita No. 30/Ahd/2017 "नधा"रण वष"/Assessment Year: 2008-09 Shallu Bansal Dcit, Cent.Cir.1(3) Plot No.1497-B Vs Ahmedabad. Opp: Theosophical Lodge Rupani Circle Bhavnagar 364 001. Pan : Aijpb 8274 G अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri B.R. Popat, Ar Revenue By : Shri Kamlesh Makwana, Sr.Dr

364 001. PAN : AIJPB 8274 G अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shri B.R. Popat, AR Revenue by : Shri Kamlesh Makwana, Sr.DR सुनवाई क" तार"ख/Date of Hearing : 11/04/2019 घोषणा क" तार"ख /Date of Pronouncement : 30/04/2019 O R D E R PER RAJPAL YADAV, JUDICIAL MEMBER : Assessee is in appeal before the Tribunal against order of the ld.CIT

SHRI BHAVESHBHAI O. LAKHANI,,BHAVNAGAR vs. THE INCOME TAX OFFICER, WARD-1(3),, BHAVNAGAR

In the result, the appeal is allowed for statistical purposes in the terms indicated above

Bench: Us. Bhaveshbhai O Lakhani Vs. Ito Assessment Year: 2012-13 Page 2 Of 9

capital gains. The Income Tax Simplification Committee (Easwar Committee) has in its first report, pointed out that this provision does not provide any relief where the seller has entered into an agreement to sell the property much before the actual date of transfer of the immovable property and the sale consideration is fixed in such agreement, whereas similar provision exists

BHAKTIBEN BHAGWATSINH CHAVDA, (L/H OF LATE BHAGWATSINH J CHAVDA),AHMEDABAD vs. ITO, WARD-14(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

capital gain. The appellant has further contended that the AO has issued summons u/s.131 of the Act to Jaswantbhai d. Patel and asked to furnish details in respect of expenses incurred. Shri Jaswnaqtbhai D. Patel had stated that all the expenditure made by him on behalf of the appellant and he had furnished source of payment with name and address

SHRI BHAGWANBHAI RANCHHODBHAI MAKWANA,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-5(1)(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

capital gain. The appellant has further contended that the AO has issued summons u/s.131 of the Act to Jaswantbhai d. Patel and asked to furnish details in respect of expenses incurred. Shri Jaswnaqtbhai D. Patel had stated that all the expenditure made by him on behalf of the appellant and he had furnished source of payment with name and address

LATE BHAGWATSINH JIBHUBHAI CHAVDA)L/H.BHAKTIBEN BHAGWATSINH CHAVDA,,AHMEDABAD vs. ITO, WARD-5(1)(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

capital gain. The appellant has further contended that the AO has issued summons u/s.131 of the Act to Jaswantbhai d. Patel and asked to furnish details in respect of expenses incurred. Shri Jaswnaqtbhai D. Patel had stated that all the expenditure made by him on behalf of the appellant and he had furnished source of payment with name and address

SHRI BHAGWANBHAI R. MAKWANA,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-14(2),, AHMEDABAD

Appeal is dismissed

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

capital gain. The appellant has further contended that the AO has issued summons u/s.131 of the Act to Jaswantbhai d. Patel and asked to furnish details in respect of expenses incurred. Shri Jaswnaqtbhai D. Patel had stated that all the expenditure made by him on behalf of the appellant and he had furnished source of payment with name and address

RAMESH GOVINDBHAI PATEL,,AHMEDABAD vs. ITO, WARD-6(1)(3),, AHMEDABAD

In the result, assessee’s appeal is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

capital gains. The Income Tax Simplification Committee (Easwar Committee) has in its first report, pointed out that this provision does not provide any relief where the seller has entered into an agreement to sell the property much before the actual date of transfer of the immovable property and the sale consideration is fixed in such agreement, whereas similar provision exists

M/S. SURZLON GLOBAL SERVICES LTD. ,AHMEDABAD vs. THE PR. CIT-3,, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 67-68/Ahd/2021 िनधा"रण वष"/Asstt. Years: 2016-2017 & 2017-2018 M/S. Suzlon Global Services Limited, Principal Commissioner 5 Suzlon, Shrimali Society, Vs. Of Income-Tax, Near Shree Krishna Centre, Ahmedabad. Nr. Judges Bunglow Cross Road, Ahmedabad-380009. Pan: Aaics1406R

364 days for the reason that the assessee got amalgamated with the M/s. SSL with the approval of the Hon’ble Gujarat High Court dated 14th October 2016 effective from 31st March 2016. As such, the amount of depreciation was claimed on the intangible assets which were acquired in the year 2014 in a scheme of slum sale. In other

SH. BHAVESHKUMAR GANSHYAM PATEL,VADODARA, GUJARAT vs. INCOME TAX OFFICER WARD 1(2)(1), VADODARA, VADODARA, GUJARAT

In the result, the appeal is allowed for statistical purposes

Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokarasstt.Year : 2015-16 Shri Bhaveshkumar Ganshyam Patel Ito, Ward-1(2)(1) 446 Patel Faliya Vs. Vadodara. Moti Khadaki, Tb Sanatorium So Vadodara, Gujarat. Pan : Aunpp 1026 C (Applicant) (Responent) : Assessee By Ms.Nikhita Bhamblani, Ca & Shri Virat Bhavsar, Ar : Ms.Urvashi Mandhan, Sr.Dr. Revenue By सुनवाई क" तारीख/Date Of Hearing : 16/06/2025 घोषणा क" तारीख /Date Of Pronouncement: /06/2025 आदेश आदेश/O R D E R आदेश आदेश

capital gain was recomputed at Rs.1,26,76,643/-, resulting in net additional income of Rs.37,40,058/-. However, penalty was levied by the AO on the originally assessed addition of Rs. 1,60,01,434/-, determining tax sought to be evaded at Rs.55,57,481/- and levying penalty at 100% thereof under section 271(1)(c) vide order dated

HARGOVIND MOTIBHAI DESAI,AHMEDABAD vs. ITO WARD 3(3)(8), AHMEDABAD (EXISTING ITO WARD 3(3)(1), AHMEDABAD), AHMEDABAD

In the result, both the appeals of the assessee are allowed for statistical purposes

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

364- Rs.4,94,314), under section 68 of the Act, on the account of treatment of ITA Nos. 2190-2191/Ahd/2024 Hargovind M Desai Vs. ITO Asst. Years : 2015-16 & 2016-17 - 2– agricultural income, as unexplained Income under section 68 of the Act and therefore the learned AO should be directed to delete the said addition while computing

HARGOVIND MOTIBHAI DESAI,AHMEDABAD vs. ITO, WARD 3(3)(7), AHMEDABAD (EXISTING ITO WARD 3(3)(1), AHMEDABAD), VEJALPUR, AHMEDABAD

In the result, both the appeals of the assessee are allowed for statistical purposes

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

364- Rs.4,94,314), under section 68 of the Act, on the account of treatment of ITA Nos. 2190-2191/Ahd/2024 Hargovind M Desai Vs. ITO Asst. Years : 2015-16 & 2016-17 - 2– agricultural income, as unexplained Income under section 68 of the Act and therefore the learned AO should be directed to delete the said addition while computing

KAMLESH P SHAH (HUF),BHAVNAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, BHAVNAGAR

The appeal of the assessee is dismissed as withdrawn

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.380/Ahd/2024 िनधा"रण वष" /Assessment Year : 2016-17 Kamlesh P. Shah (Huf) The Assistant Commissioner बनाम/ C/O. Riddhi Tele - Of Income Tax V/S. Communication Ito Ward-1(2) Balkrishna Complex Bhavnagar Vora Bazar Bhavnagar – 364 001 "थायी लेखा सं./Pan: Aahhk 6103 R (अपीलाथ%/ Appellant) (&' यथ%/ Respondent) Assessee By : Shri Sarju Mehta, Ar Revenue By : Shri Waghe Prasadrao, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 26 /02/2025 घोषणा की तारीख /Date Of Pronouncement: 27 /02/2025 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

364/- under Section 69A of the Act, treating the Long Term Capital Gain (LTCG) from the sale of shares of Yamini

SHRI AMIRALI ABBASALI MALAVIYA,,BOTAD vs. THE INCOME TAX OFFICER, WARD-2(5),, BHAVNAGAR

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

364 710. [PAN No. ACUPM 6881 B] (Appellant) (Respondent) .. Appellant by : --None-- Respondent by : Shri Mudit Nagpal, Sr.D.R. Date of Hearing 04.12.2018 Date of Pronouncement 30.01.2019 O R D E R PER Ms. MADHUMITA ROY - JM: The instant appeal filed by the assessee is against the order dated 30.01.2017 passed by the Commissioner of Income Tax (Appeals)-6, Ahmedabad arising

SAROJBEN RAJKUMAR BANSAL LEGAL HEIR OF LATE RAJKUMAR KAKARAM BANSAL,BHAVNAGAR vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1, BHAVNAGAR

In the result, the appeal of the assessee is treated as allowed for statistical purposes

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.306/Ahd/2024 िनधा"रण वष" /Assessment Year : 2013-14 Sarojben Rajkumar Bansal The Dy.Cit बनाम/ Legal Heir Of Circle-1 V/S. Late Shri Rajkumar Kakaram Bhavnagar – 364 001 Bansal Plot No.1497/B, Opp. Theosophical Lodge Bhavnagar, Gujarat 364 001 "थायी लेखा सं./Pan: Aanpb 1618 G अपीलाथ%/ (Appellant) &' यथ%/ (Respondent) Assessee By : Shri Tushar Hemani, Sr. Advocate & Shri Parimalsinh B. Parmar, Ar Revenue By : Shri Prithviraj Meena, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 08/10/2024 घोषणा की तारीख /Date Of Pronouncement: 10/10/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

364 001 "थायी लेखा सं./PAN: AANPB 1618 G अपीलाथ%/ (Appellant) &' यथ%/ (Respondent) Assessee by : Shri Tushar Hemani, Sr. Advocate & Shri Parimalsinh B. Parmar, AR Revenue by : Shri Prithviraj Meena, CIT-DR सुनवाई की तारीख/Date of Hearing : 08/10/2024 घोषणा की तारीख /Date of Pronouncement: 10/10/2024 आदेश/O R D E R PER MAKARAND V. MAHADEOKAR, AM: This appeal

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GUJARAT GAS TRADING CO. LTD.,, AHMEDABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes

364, 467 & 468/Ahd/2014 Assessee : Gujarat Gas Trading Co Ltd Assessment Year : 2007-08 to 2009-10 Page 19 of 37 "Section 9 - Income deemed to accrue or arise in India — (1) The following incomes shall be deemed to accrue or arise in India : (i) all income accruing or arising, whether directly or indirectly, through or from any business connection

GUJARAT GAS TRADIANG CO.LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-4(1),, AHMEDABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes

364, 467 & 468/Ahd/2014 Assessee : Gujarat Gas Trading Co Ltd Assessment Year : 2007-08 to 2009-10 Page 19 of 37 "Section 9 - Income deemed to accrue or arise in India — (1) The following incomes shall be deemed to accrue or arise in India : (i) all income accruing or arising, whether directly or indirectly, through or from any business connection

THE DCIT, CIRCLE-4,, AHMEDABAD vs. GUJARAT GAS TRADING CO. LTD.,, AHMEDABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes

364, 467 & 468/Ahd/2014 Assessee : Gujarat Gas Trading Co Ltd Assessment Year : 2007-08 to 2009-10 Page 19 of 37 "Section 9 - Income deemed to accrue or arise in India — (1) The following incomes shall be deemed to accrue or arise in India : (i) all income accruing or arising, whether directly or indirectly, through or from any business connection