RAVINDRABHAI SHANKARBHAI PATEL,VADODARA vs. THE ITO, WARD-1(2)(5) NOW ITO, WARD-1(2)(2), VADODARA

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

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyalthe Ito Ravindrabhai Shankarbhai Vs. Ward-1(2)(5). Patel Now Ito, Ward-1(2)(2) 86,Kanha Residency Vadodara – 390 007 Kalali Road, Kalali Ahmedabad – 390 012 [Pan : Aigpp 8415 M] (Appellant) (Respondent) .. Assessee Represented By : Ms. Urvashi Shodhan, Ar Revenue Represented By : Shri Abhijit, Sr.Dr Date Of Hearing 27/11/2025 Date Of Pronouncement 29/01/2026

gains arising therefrom were duly invested in accordance with the provisions of sections 54B and 54F of the Act. The assessee claimed deduction under section 54B on account of purchase of two agricultural lands and deduction under section 54F on account of purchase of a residential plot, and after such investments, no taxable capital

L/H LATE SHRI ARVINDBHAI NARSINHBHAI PATEL (SHRI PARESHBHAI PATEL),VADODARA vs. THE PR. CIT-1, VADODARA

In the result, the appeal preferred by the assessee is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

gain account scheme within the period of due dat for filing return of income under section 139(1), to claim the exemption u/s 54. Section 54B(2) speaks of two conditions for availing deduction under section 54B(1), Firstly, the assessee has to utilise the capital

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)

section 54B(1) of the Act. It is apparently the case of the assessee that the embargo placed under s 54B(2) is that the un- utilized capital gain

BHOGILAL BAHILALBHAI PATEL,VADODARA vs. THE PR. CIT -1, VADOADAR

In the result, the appeal of the assessee is dismissed

Bench: Smt.Annapurna Gupta & Shri Siddhartha Nautiyalassessment Year : 2015-16 Bhogilal Bhailalbhai Patel Vs. The Pr.Cit-1 475/2 Sagar Faliya Vadodara. At & Post Bhayali Vadodara 391 410. Pan : Bkkpp 3136 R

capital gains under section 54B of the Act is • capital gain ought to be earned on transfer of land which

SHRI ASHOKBHAI KANUBHAI PATEL,AHMEDABAD vs. THE ACIT (INT.TAXA.)-1, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No. 405/Ahd/2020 िनधा"रण वष"/Asstt. Year: 2016-2017 Shri Ashokbhai Kanubhai Patel, A.C.I.T., 8, Parul Society, Vs. (Int. Taxation)-1, Opp. Memnagar Fire Station, Ahmedabad. Navrangpura, Ahmedabad-380009. Pan: Arrpp4895J

54B of the Act on the sale of such land. Their return were selected for limited scrutiny for the purpose of examining the correctness of capital gain declared and claimed of deduction against such capital gain. The extract of notice under section

SHRI BALKRISHNA P.TRIVEDI,HUF,AHMEDABAD vs. THE CIT-III,, AHMEDABAD

In the result, appeal filed by the Revenue in ITA No

Bench: Shri Pradip Kumar Kedia & Smt. Madhumita Roy

gain earned on sale of land. On a perusal of 54B of the Act, it is noticed that Section 54B of the Act is divided into two parts. First part deals with exemption of capital

SHRI RIDDHISHBHAI B.TRIVEDI,AHMEDABAD vs. THE CIT-III,, AHMEDABAD

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad

Gain savings account of Oriental Bank of Commerce and claimed exemption u/s. 54B for the amount so deposited. It was noticed from the account statement that you had withdrawn a sum of Rs.30,95,000/- on 12/12/2007. As per provisions of Section 54B, the amount so deposited in the Capital

VISHNUBHAI MAFATBHAI DESAI,,AHMEDABAD vs. THE ITO, WARD-1(1)(4),, AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediaआयकर अपील सं./I.T.A. No. 2849/Ahd/2017 ("नधा"रण वष" / Assessment Year : 2014-15)

capital gain and the cost of new asset shall be increased to the extent of addition so made by the assessing officer. V The appellant submits that there is direct nexus between section 49(4) of the Act cost of asset and cost of asset which is required (o be considered while claiming exemption under section 54B

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-:

Section 54B of the Act. 8. In the computation of Long Term Capital Gain arising from the sale of agricultural

SHRI ISHWARBHAI HIMMATBHAI PATEL,AHMEDABAD vs. DCIT, CIRCLE-3(2), AHMEDABAD

In the result, both the appeals filed by different assessees are allowed

54B of Rs. 32,86,200/- on account of I.T.A Nos. 2009 &2010/Ahd/2018 A.Y. 2015-16 Page No 3 Shri Govindbhai Himmatbhai Patel vs. DCIT & Shri Ishwarbhai Himmatbhai Patel vs. DCIT investment made in agricultural land on 3rd Feb, 2015 and also claimed exemption u/s. 54F of Rs. 4,78,000/- on account of investment in residential house in Bopal

SHRI GOVINDBHAI HIMMATBHAI PATEL,AHMEDABAD vs. DCIT, CIRCLE-3(2), AHMEDABAD

In the result, both the appeals filed by different assessees are allowed

54B of Rs. 32,86,200/- on account of I.T.A Nos. 2009 &2010/Ahd/2018 A.Y. 2015-16 Page No 3 Shri Govindbhai Himmatbhai Patel vs. DCIT & Shri Ishwarbhai Himmatbhai Patel vs. DCIT investment made in agricultural land on 3rd Feb, 2015 and also claimed exemption u/s. 54F of Rs. 4,78,000/- on account of investment in residential house in Bopal

SHRI VINODBHAI J. PATEL,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(2)(5), VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

capital gains at Rs.1,00,43,102/-. The exemption under section 54B was declined. Aggrieved, assessee carried the matter in appeal

SHRI NATWARBHAI J. PATEL,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(2)(4), VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

capital gains at Rs.1,00,43,102/-. The exemption under section 54B was declined. Aggrieved, assessee carried the matter in appeal

THE ITO, WARD-1(2)(5), VADODARA vs. SHRI VINODBHAI J. PATEL, VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

capital gains at Rs.1,00,43,102/-. The exemption under section 54B was declined. Aggrieved, assessee carried the matter in appeal

THE ITO, WARD-1(2)(4), BARODA vs. SHRI NATWARBHAI J. PATEL, VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

capital gains at Rs.1,00,43,102/-. The exemption under section 54B was declined. Aggrieved, assessee carried the matter in appeal

SMT. BHAVNABEN MAHESHBHAI PATEL,,AHMEDABAD vs. THE DY. CIT., CENTRAL CIRCLE-1(2),, AHMEDABAD

In the result the appeal of the assessee is party allowed for the statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 54B of the Act as the investment in the agricultural land purchased stands at " 1,38,22,000.00 which is more than the capital gain

SHRI LAXMANBHAI PRABHUDAS PATEL,,AHMEDABAD vs. THE DY. CIT., CENTRAL CIRCLE-1(2),, AHMEDABAD

In the result the appeal of the assessee is party allowed for the statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 54B of the Act as the investment in the agricultural land purchased stands at " 1,38,22,000.00 which is more than the capital gain

SHRI SHANTILAL PRABHUDAS PATEL,,AHMEDABAD vs. THE DY. CIT., CENTRAL CIRCLE-1(2),, AHMEDABAD

In the result the appeal of the assessee is party allowed for the statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 54B of the Act as the investment in the agricultural land purchased stands at " 1,38,22,000.00 which is more than the capital gain

SHRI ATIT MAHESHWARI PATEL,AHMEDABAD vs. THE DY. CIT., CENTRAL CIRCLE-1(2),, AHMEDABAD

In the result the appeal of the assessee is party allowed for the statistical purposes

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

section 54B of the Act as the investment in the agricultural land purchased stands at " 1,38,22,000.00 which is more than the capital gain