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 ROHITJI 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

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 JIGNESH JAYSUKHLAL GHIYA,VADODARA vs. THE DCIT CIRLCE-4(2), VADODARA

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

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

1) of the said Act. It is not a requisite of Section 54 that construction could not have commenced prior to the date of transfer of the asset resulting in capital gain. If the amount of capital gain is greater than the cost of the new house, the difference between the amount of capital gain and the cost

RECKITT BENCKISER HEALTHCARE INDIA PVT. LTD., ( FORMERLY KNOWN AS RECKITT BENCKISER HEALTHCARE INDIA LTD.,),HARYANA vs. DCIT, CIRCLE-3(1)(2), AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

1: Levy of capital gains under section 45 of the Act considering demerger of the treasury undertaking as non-qualifying

JCIT(OSD), CIR-3(1)(2), AHMEDABAD vs. RECKITT BENCKISER HEALTHCARE (INDIA) LTD, HARYANA

In the result, appeal of the Revenue is dismissed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

1: Levy of capital gains under section 45 of the Act considering demerger of the treasury undertaking as non-qualifying

AARK INFOSOFT PRIVATE LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

The appeal of the assessee is allowed

Bench: Mrs. Annapurna Gupta & Ms. Suchitra R. Kambleिनधा"रण वष"/Assessment Year: 2017-18 Vs. Aark Infosoft Private Limited, The Acit, 45, Shetrunjay, 2Nd Floor, Above Circle-1(1)(1), Central Bank Of India, Bhattha Ahmedabad Cross Road, Paldi, Ahmedabad Gujarat-380007 Pan : Aahca 9986 H अपीलाथ" अपीलाथ"/ (Appellant) अपीलाथ" अपीलाथ" "" "" यथ" "" "" यथ" यथ"/ (Respondent) यथ" Assessee By : Shri Divyang Shah, Ar Revenue By : Shri Santosh Kumar, Sr. Dr सुनवाई क" तारीख/Date Of Hearing : 08.02.2024 घोषणा क" तारीख /Date Of Pronouncement: 21.02.2024 आदेश आदेश/O R D E R आदेश आदेश Per Annapurna Gupta: Present Appeal Has Been Filed By The Assessee Against Order Of The Commissioner Of Income-Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As "Cit(A)" For Short] Dated 27.07.2023 Passed Under Section 250 Of The Income-Tax Act, 1961 [Hereinafter Referred To As "The Act" For Short], For The Assessment Year (Ay) 2017-18. 2. The Grounds Raised By The Assessee Are As Under:- “1. Whether On The Facts & Circumstances Of The Case & In Law, Ld. Cit(A) Has Erred In Issuing A Notice U/S 143(2) Of The Act? 2. Whether On The Facts & In Circumstances Of The Case & In Law, Ld. Cit(A) Has Erred In Making Disallowance Of Employees' Contribution To Pf & Esic Of Rs.5,51,657/- U/S 36(1) (Va) Of The Act?

45, Shetrunjay, 2nd Floor, Above Circle-1(1)(1), Central Bank of India, Bhattha Ahmedabad Cross Road, Paldi, Ahmedabad Gujarat-380007 PAN : AAHCA 9986 H अपीलाथ" अपीलाथ"/ (Appellant) अपीलाथ" अपीलाथ" "" "" यथ" "" "" यथ" यथ"/ (Respondent) यथ" Assessee by : Shri Divyang Shah, AR Revenue by : Shri Santosh Kumar, Sr. DR सुनवाई क" तारीख/Date of Hearing : 08.02.2024 घोषणा क" तारीख /Date

ZYDUS LIFESCIENCES LIMITED (FORMERLY KNOWN AS CADILA HEALTHCARE LTD.),AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, appeal preferred by the assessee is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 162/Ahd/2021 ("नधा"रण वष" / Assessment Years : 2016-17)

Section 142(1) of the Act, the details whereupon were duly filed by the assessee through electronic media on e-proceeding. The assessee had shown total turnover of Rs.65,54,16,69,939/-, on which, net profit before tax has been declared at Rs.24,33,45,21,094/-. The assessee has shown income from house property, capital gain

AJAY REGHUBHAI BHARWAD,VADODARA vs. THE ITO, WARD-1(2)(1), VADODARA

In the result, the appeals filed by the Assessees are dismissed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

capital asset and profits or gains that arise from such transfer. According to section 45(1) of the act, any profits

SHRI PIYUSH M DOBARIYA,VADODARA vs. THE ITO, WARD-5(4), VADODARA

In the result, the appeals filed by the Assessees are dismissed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

capital asset and profits or gains that arise from such transfer. According to section 45(1) of the act, any profits

SHRI AJAY REGHUBHAI BHARWAD,VADODARA vs. THE ITO, WARD-2(1), VADODARA

In the result, the appeals filed by the Assessees are dismissed

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

capital asset and profits or gains that arise from such transfer. According to section 45(1) of the act, any profits

THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD vs. SHRI KAILASH RAMAVATAR GOENKA, AHMEDABAD

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokar

1,94,62,000 payments Total Assessed 5 25,67,83,317 39,25,26,792 86,11,44,005 45,66,39,878 Income 6 Rounded off 25,67,83,320 39,25,26,790 86,11,44,000 45,66,39,880 IT(SS)A No.1/Ahd/2023 Kailash Ramavatar Goenka vs. ACIT and seven other appeals (By Assessee

DCIE CIRCLE-2(1)(1), AHEMDABAD, VEJALPUR vs. ERIS LIFESCIENCES LIMITED SHIVARTH AMBIT, BODAKDEV AHMEDABAD

In the result, for assessment year 2022-23, the appeal of the Department is partly allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

45 and 48 necessarily requires substitution of cost with indexed cost (iii) there is no express bar in section 115JB excluding indexation (iv) denying indexation leads to taxation of unreal income, contrary to the real income theory recognised by the Supreme Court in CIT v. Shoorji Vallabhdas & Co. (1962) 46 ITR 144 (SC); and (v) specific provisions governing capital gains