THE ACIT CIRCLE-3(3), AHMEDABAD vs. SHRI CHANDRAKANT G PATEL, AHMEDABAD

Appeal of the Revenue is dismissed

54F investment of sale consideration is the condition. From the facts of the case it is a clear cut case of bona fide calculation mistake. Such mistakes are rectifiable during the course of assessment proceedings. Rectifications of such mistakes are not concealment of the Act. The A.O. though has invoked explanation-1 to section

SMT. MAYA K. DHARWANI,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-7(2)(3),, AHMEDABAD

In the result, the appeal of the assessee is partly allowed

section 54F of the act , therefore, we restrict the deduction u/s. 54F of the act to the amount of Rs. 30 lacs as final agreement could not be executed because of unavoidable circumstances in the form of pending legal proceedings due to sudden demise of the first party seller of the property. Accordingly the appeal of the assessee is partly

THE ITO, WARD-1(2)(1), AHMEDABAD vs. SHRI BIPIN BABUBHAI PANCHAL, AHMEDABAD

In the result, appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinhaassessment Year: 2012-13

Depreciation Expenses, Petrol & Diesel expenses and Tea & Refreshment Expenses. The same was disallowed to the extent of 1/5th thereby making addition of Rs.31,424/- by the Assessing Officer. The Assessing Officer further made addition of Rs.1,190/- towards the Telephone Expenses. Thus, the Assessing Officer passed Assessment Order dated 23.03.2015 which was subsequently set aside by the PCIT under Section

ABDULVAHED A. SHEIKH, LEGAL HEIROF LATE SMT. SARIFABEN BIKHUBHAI SHEK,,AHMEDABAD vs. THE ITO, WARD-7(2)(5),, AHMEDABAD

The appeal of the assessee is allowed in above terms

54F claim in respect of residential house purchased. 4. The assessee has also filed additional grounds before us vide communication dated 06.08.2021 as under: 01. The learned AO has passed the assessment order dated 20-12-2016 which is void ab initio on the following grounds: I.T.A No. 2948/Ahd/2017 A.Y. 2012-13 Page No 3 Abdulvahed A.Sheikh