THE ACIT, CIRCLE-3(2),, AHMEDABAD vs. VISHAL ENGINEERING & GALVANIZERS,, AHMEDABAD

Bench: Shri Pramod Kumar& Ms. Madhumita Roy

45(1) is required to be read with section 48, which provides for mode of computation. These two sections are required to be read together as the charging section and the computation section constitute one package. Now, under section 48 it is laid down, inter alia, that the income chargeable under the head 'Capital gains

DEPUTY COMMISSIONER OF INCOME -TAX, CENTRAL CIRCLE-2(1), AHMEDABAD vs. M/S. CLARIS LIFESCIENCES LIMITED, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकरअपीलसं./Ita No. 295/Ahd/2022 धििाधरणवरध/Asstt. Year: 2018-2019 The D.C.I.T, M/S Claris Lifesciences Limited, Central Circle-2(1), Vs. Claris Corporate Hq, Ahmedabad. Near Parimal Rly. Crossing, Ellisbridge, Ahmedabad-380006. Pan: Aaacc6366Q

1-7-1972 claimed extension of service because he was deemed to be appointed in the bank with effect from 26-10-1965 for the purpose of seniority, pay and pension on account of his past service in the army as Short Service Commissioned Officer. In that context, the Apex Court has held that the legal fiction created

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

gains arising on transfer of a : capita! asset acquired by the assessee under a gift, the indexed cost of acquisition has to be computed with reference to the year in which the previous owner first held the asset and not the year in which the assessee became the owner of the asset. " On this issue, as pointed out earlier

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

1-12 from short term capital gain of current year These grounds of appeal are allowed” 43. We find that the issue relating to taxability of surplus on shares and securities depends on various facts and circumstances. In the instant case the assessee is itself into the share trading business, broking house, depository services etc. From perusal of the balance

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

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

1) exceeds the fair market value of the property as on the date of transfer. Clause (b) of section 50C(2) provides that the value so adopted or assessed or assessable by stamp valuation authority has not been disputed in any appeal or revision or no reference has been made before any authority, court or the High Courts, assessing officer

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Capital Gain (in short “STCG”) in the hands of the assessee towards sale of this land. In view of this additions, the Assessing Officer imposed penalty of Rs. 29,16,360/- under Section 271(1)(c) of the Act, while framing the assessment in the hands of the assessee. In appeal, Ld. CIT(A) confirmed the addition in the hands

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Capital Gain (in short “STCG”) in the hands of the assessee towards sale of this land. In view of this additions, the Assessing Officer imposed penalty of Rs. 29,16,360/- under Section 271(1)(c) of the Act, while framing the assessment in the hands of the assessee. In appeal, Ld. CIT(A) confirmed the addition in the hands

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Capital Gain (in short “STCG”) in the hands of the assessee towards sale of this land. In view of this additions, the Assessing Officer imposed penalty of Rs. 29,16,360/- under Section 271(1)(c) of the Act, while framing the assessment in the hands of the assessee. In appeal, Ld. CIT(A) confirmed the addition in the hands

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Capital Gain (in short “STCG”) in the hands of the assessee towards sale of this land. In view of this additions, the Assessing Officer imposed penalty of Rs. 29,16,360/- under Section 271(1)(c) of the Act, while framing the assessment in the hands of the assessee. In appeal, Ld. CIT(A) confirmed the addition in the hands

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Capital Gain (in short “STCG”) in the hands of the assessee towards sale of this land. In view of this additions, the Assessing Officer imposed penalty of Rs. 29,16,360/- under Section 271(1)(c) of the Act, while framing the assessment in the hands of the assessee. In appeal, Ld. CIT(A) confirmed the addition in the hands

SHRI ASHOKJI CHANDUJI THAKOR,,AHMEDABAD vs. THE ITO, WARD-3(3)(1), AHMEDABAD

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

Capital Gain (in short “STCG”) in the hands of the assessee towards sale of this land. In view of this additions, the Assessing Officer imposed penalty of Rs. 29,16,360/- under Section 271(1)(c) of the Act, while framing the assessment in the hands of the assessee. In appeal, Ld. CIT(A) confirmed the addition in the hands