THE ITO, WARD-3(2)(7),, AHMEDABAD vs. SHRI GAUTAMBHAI BABARBHAI PATEL,, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri P.M. Jagtap, Vice- & Ms. Madhumita Royassessment Year : 2012-13 Income Tax Officer, Shri Gautambhai Babarbhai Patel, Ward 3(2)(7), Vs 1, Laxmikunj Society, Isanpur Ahmedabad Vatva Road, Isanpur, Ahmedabad-382 443 Pan : Aknpp 4848 G अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Ankit Talsania, Ar Revenue By : Shri S.S. Shukla, Dr सुनवाई क" तार"ख/Date Of Hearing : 29/03/2022 घोषणा क" तार"ख /Date Of Pronouncement: 06/04/2022 आदेश/O R D E R Per P.M. Jagtap, Vice-:

Gain arising from the sale of agricultural land, a deduction of Rs.86,50,005/- was claimed by the assessee under Section 54B of the Act for the investment made in purchase of two new agricultural lands. In this regard, it was noted by the Assessing Officer that his agricultural land was transferred by the assessee on 13.06.2011 while

THE INCOME TAX OFFICER, WARD-5(2)(5),, AHMEDABAD vs. SMT. KAVITA V. ADANI, AHMEDABAD

Appeal are allowed

53A of T.P. Act, 1882, read with section 2(47) of the Income tax Act, 1961 can be invoked? 5. Whether the gain offered for tax unlawfully by the assessee on transfer of agricultural land not being a capital

ADINATH LEASING AND FINANCE P LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(1)(1),, AHMEDABAD

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

Bench: Smt. Annapurna Gupta, Accountant Memebr & Shri Mahavir Prasad, Judicial Memebr

53A of the Transfer of Property Act. Such conclusion was derived on the ground that banakhat dated 16.03.2009 entered by assessee to ITA No. 1065/Ahd/2017 [Adinath Leasing And Finance P. Ltd. Vs. ITO] A.Y. 2010-11 - 3 - acquire the property as well as possession agreement were simply on stamp paper of Rs. 100/- and were not registered. Therefore, loss