DCIT CIRCLE-3(3), AHMEDABAD vs. SHRI ALPESHKUMAR C.PATEL, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1908/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 Alpeshkumar C. Patel, A.C.I.T., 503, Milestone Building, Vs. Circle-3(3), Drive In Road, Ahmedabad. Thaltej, Ahmedabad-380052. Pan: Aeapp9489G

4 Land at Ognaj 450000 10196000 - 9746000 1418/2 5 Chandkheda 139500 2647800 - 2508300 128/129 6 Land at Vatva 12496400 5,85,77,100 - 46080700 1523 Total 7,56,02,334 5.4 The AO without prejudice to the above also disallowed the deduction of Rs. 1,89,59,190/- claimed under section 54F

SURESHBHAI PRABHUDAS PATEL,VADODARA vs. ITO - WARD 1(2)(5), VADODARA

In the result the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 255-256/Ahd/2021 िनधा"रण वष"/Asstt. Years: 2011-2012 & 2012-13 Sureshbhai Prabhudas Patel, D.C.I.T. Opp Parbadi Padra Road, Vs. Central Circle-2(1) Samiyala Village, Ahmedabad. Vadodara-390002. Pan: Atypp6249H

disallowance of exemption claimed under section 54F of the Act for Rs. 8,05,100/- only. 4. The facts in brief

SURESHBHAI PRABHUDAS PATEL,VADODARA vs. ITO - WARD 1(2)(5), VADODARA

In the result the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmedआयकर अपील सं./Ita Nos. 255-256/Ahd/2021 िनधा"रण वष"/Asstt. Years: 2011-2012 & 2012-13 Sureshbhai Prabhudas Patel, D.C.I.T. Opp Parbadi Padra Road, Vs. Central Circle-2(1) Samiyala Village, Ahmedabad. Vadodara-390002. Pan: Atypp6249H

disallowance of exemption claimed under section 54F of the Act for Rs. 8,05,100/- only. 4. The facts in brief

MR. JOBANJI THAKOR,AHMEDABAD vs. THE ITO. WARD-3(2)(2), AHMEDABAD

Appeal is partly allowed

Bench: SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER\nAND\nSHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER\nआयकर अपील सं/ITA No.264/Ahd/2019\nनिर्धारण वर्ष / Assessment Year : 2015-16\nMr. Jobanji Thakor\nThe ITO\nF-40, Abugiri Society\nबनाम / Ward-3(2)(2)\nTal. Daskroi, Jagatpur\nv/s.\nAhmedabad\nAhmedabad - 382 470\nस्थायी लेखा सं./PAN: AKNPT 2930 M\n(अपीलार्थी/ Appellant)\n(प्रत्यर्थी / Respondent)\nAssessee by:\nShri Mehul K. Patel, AR\nRevenue by :\nShri A.P. Singh, CIT-DR\nसुनवाई की तारीख/Date of

Section 54F (as per\nAO's working)\nDeduction claimed by the assessee in revised computation\nExcess deduction claimed and disallowed\n32,67,375/-\n7,70,000/-\n24,97,375/-\n19,17,001/-\n25,08,037/-\n5,91,036/-\n3. 3. Accordingly, the AO proportionately disallowed Rs.5,91,036/- from\nthe claimed deduction.\n3. 4

SUMIT H BHAGCHANDANI,AHMEDABAD vs. DCIT, CIRCLE 3(1)(1), AHMEDABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

4) of section 54F permits the assessee to deposit the unutilized portion of the net consideration in the Capital Gains Account Scheme before the due date of filing of return, so as to preserve the eligibility for exemption. However, the said provision does not dispense with the computation mechanism prescribed under section 54F

ANIRUDDH RINKI GANDHI,BARODA vs. DCIT (INTL. TAXN), BARODA

In the result, the appeal of the assessee is allowed

Bench: S/Shri Pramod M. Jagtap & T.R. Senthil Kumarassessment Year :2015-16 Aniruddhrinki Gandhi Dcit (Intl.Taxn.) 14, Vaikunh Apartment Vs Baroda. Laxminarayan Co-Op. Society Gotri Road, Baroda. Pan : Bbnpg 1052 P अपीलाथ"/ (Appellant) "" यथ"/(Respondent) Assessee By : Shri Manish J. Shah, Advocate Revenue By : Shri V.K.Singh, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 23/02/2022 घोषणा क" तार"ख /Date Of Pronouncement: 28/02/2022 आदेश/O R D E R Per T.R. Senthil Kumar: This Appeal Is Filed By The Assessee Against Order Dated 21.01.2019 Passed By Ld.Commissioner Of Income-Tax (Appeals)-13, Ahmedabad [For Short “Ld.Cit(A)] In Appeal No.Cit(A)- 13/Intl.Taxn./Ahd/75/2017-18 Relating To The Assessment Year 2015-16. 2. Assessee’S Grounds Of Appeal Are As Follows:

4 has NO application to a case, where the assessee invests the sale consideration derived from the transfer either in purchasing the property within one year or constructing the residential house within three years period as stipulated in Section 54F(1). In the present case the assessee though registered the old property as per Sale Deed dated

PADMINI SOLANKI, DCIT, CIRCLE-2(1)(1), AHMEDABAD, VEJALPUR, AHMEDABAD, GUJARAT vs. ADITYA HARSHVADAN MANGALDAS, TATVA GARDAN, CUMBALLA HILL, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinhaassessment Year: 2022-23

disallowed the claim of deduction under Section 54F of the Act for the reason that the assessee was owner of one residential house at the time of sale of capital asset and had constructed two more residential properties within a period of one year from the date of sale of the original capital asset. The assessment was completed under Section

VINODBHAI UGARDAS PATEL,AHMEDABAD vs. THE ACIT, CIRCLE-5(2) PRESENT JURISDICTION THE DY.CIT, CIRCLE-2(1)(1), AHMEDABAD

Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarassessment Year : 2010-11 Vinodbhai Ugardas Patel Dy.Cit, Cir.2(1)(1) Nirma House Vs Ahmedabad. B/H. Petrol Pump Ashram Road Ahmedabad 38009. Pan : Aavpp 9679 F. (Applicant) (Responent) : Shri S.N. Soparkar, Sr.Advocate Assessee By Revenue By : Ms.Saumya Pandey Jain, Sr.Dr सुनवाई क" तारीख/Date Of Hearing : 20/06/2024 घोषणा क" तारीख /Date Of Pronouncement: 06/09/2024 आदेश/O R D E R आदेश आदेश आदेश Per Annapurna Guptathis Is Assessee’S Appeal Against The Order Of The Ld. Commissioner Of Income Tax(A), Delhi Dated 26.07.2023 Passed Under Section 250 Of The Income Tax Act, 1961 (“The Act” For Short) For The Assessment Year 2010-11. 2. The Grounds Raised In The Appeal Of The Assessee Read As Under:

disallowance of claim of exemption of capital gains under section 54F of the Act amounting to Rs.59,32,904/-. 7. The facts pertaining to the same being that the assessee had alongwith other co-owners sold land in the impugned year for Rs.2,29,46,000/-, his share in the same being Rs. 64,75,000/- .The assessee had computed

VINIT BIPINCHANDRA SHAH,AHMEDABAD vs. THE ITO, WARD-1(1)(3) (PREVIOUSLY WARD-5(2)(4)), AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaassessment Year: 2015-16

4 pertain to computation of LTCG derived by the assessee. On the issue of claim of deduction under Section 54F of the Act disallowed

SHRI KIRANKUMAR RASIKLAL SANGHVI,DEESA vs. THE PR.CIT-4,, AHMEDABAD

The appeal of the assessee is allowed

Bench: Mrs. Annapurna Gupta & Shri T.R. Senthil Kumarिनधा"रण वष"/Assessment Year: 2015-16 Shri Kirankumar Rasiklal Sanghvi, The Principal Commissioner Of 1, Paras Society, Neminathnagar Income-Tax-4, Vs. Road, Deesa, Gujarat-385535 Ahmedabad Pan : Afops 0131 D अपीलाथ" अपीलाथ"/ (Appellant) अपीलाथ" अपीलाथ" "" "" यथ" "" "" यथ" यथ"/ (Respondent) यथ" Assessee By : Shri Manish J. Shah & Shri Rushin Patel, Ars Revenue By : Shri Durga Dutt, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 12.09.2024 घोषणा क" तारीख /Date Of Pronouncement: 24.09.2024 आदेश आदेश/O R D E R आदेश आदेश Per Annapurna Gupta: This Appeal Filed By The Assessee Is Directed Against The Order Passed By The Learned Principal Commissioner Of Income-Tax-4, Ahmedabad [Herein- After Referred To As “Pcit”] Dated 03.03.2020, In Exercise Of His Revisionary Powers Under Section 263 Of The Income-Tax Act, 1961 [Hereinafter Referred To As “The Act”], For The Assessment Year (Ay) 2015-16. 2. The Registry Has Noted The Present Appeal To Be Barred By Limitation By 1355 Days. The Ld. Counsel For The Assessee Explained That There Was, In Fact, No Delay In Filing The Appeal Before The Tribunal For The Reason That The Assessee Had Inadvertently Filed The Appeal Against The Order Of The Ld. Pcit Before The Surat Bench Of The Itat Which, When The Appeal Came Up For Hearing Before It, Passed A Judicial Order Dated 21.11.2023 Dismissing The Appeal As Withdrawn, Noting The Fact That The Correct Jurisdiction Lay With The 2 Shri Kirankumar Rasiklal Sanghvi Vs. Pcit Ay : 2015-16

4, Ahmedabad [herein- after referred to as “PCIT”] dated 03.03.2020, in exercise of his revisionary powers under Section 263 of the Income-tax Act, 1961 [hereinafter referred to as “the Act”], for the Assessment Year (AY) 2015-16. 2. The Registry has noted the present appeal to be barred by limitation by 1355 days. The ld. Counsel for the assessee

MOHAN RAMCHANDANI,BANGLORE vs. ACIT-INTL TAX-2 AHEMDABAD, AHMEDABAD GUJARAT

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokarasstt.Year : 2016-17 Mohan Ramchandani Acit-Intl Tax-2 Flat-11001 Boddaballapur Road Vs. Ahmedabad. Presting Monte Carlo Yelahanka Satelite Town So Bangalore North. Pan : Adgpr 0211 D (Applicant) (Responent) : Shri Saurabh Gupta, Ar Assessee By : Shri Saresh Kartik Laxmanbhai, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 16/07/2025 घोषणा क" तारीख /Date Of Pronouncement: 17/07/2025 आदेश आदेश/O R D E R आदेश आदेश

section 54F was disallowed, and the total income was 4 assessed at Rs.2,54,56,330/-. Penalty proceedings under sections

RAHUL MONAL CHOKSHI,AHMEDABAD vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI PRESENT JURISDICTION : THE ITO, WARD-5(3)(2), AHMEDABAD

In the result, the appeal filed by the Assessee is allowed for statistical purpose

Bench: DR. BRR Kumar (Vice President), Shri T.R. Senthil Kumar (Judicial Member)

disallowance of Assessee's claim of deduction under section 54F of the Act for Rs.1,40,00,000/- The Ld. CIT(A) ought to be appreciated that the Appellant has duly fulfilled all conditions precedent to claim deduction under section 54F of the Income Tax Act and addition made by AO deserves to be deleted

JAYVANTKUMAR RAMANLAL CHOKSHI,AHMEDABAD vs. THE PR.CIT-1, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Ms. Suchitra Kamble & Shri Makarand Vasant Mahadeokarassessment Year: 2018-19

4. The assessee filed appeal before the Tribunal 5. The Ld. AR submitted that the fact remains the assessee reinvested the sale consideration of the plot as per Section 54F guidelines and, therefore, genuinely claimed under Section 54F of the Act and the Assessing Officer, after verifying the same, has disallowed

NITIN BHAILALBHAI THAKKAR,VADODARA vs. THE ACIT, CIRCLE-1(1)(2), VADODARA

In the result, the appeal of the assessee is dismissed

Bench: Shri P.M. Jagtap, Vice-Assessment Year : 2011-12 Nitin Bhailalbhai Thakkar, The Acit, C/O. Jagdish Foods Pvt. Ltd., Vs Circle 1(1)(2), Ramji Mandir Pole, Kothi Road, Baroda Raopura, Vadodara-390001 Pan : Abapt 7939 G अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Ms. M.M. Garg, Sr. Dr सुनवाई क" तार"ख/Date Of Hearing : 03/10/2022 घोषणा क" तार"ख /Date Of Pronouncement: 03/10/2022

54F deduction allowable 59,18,030x80,00,000/87,20,000 Total deduction allowed 54EC+54F 20,00,000+54,29,385=74,29,385 Claimed by assessee 79,18,030 Excess claim 4,88,645 4. The disallowance made by the Assessing Officer on account of his claim for exemption under Section

SHRI KIRIT N. NAGAR,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-2(1),, BARODA

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

disallowance of claim of exemption under section 54F of the Act, the Ld. CIT(Appeals) dismissed assessee’s appeal. 6. The assessee is in appeal before us against the aforesaid additions. Before us, the counsel for the assessee submitted that the assessee was unable to submitted bills before the AO during the course of assessment proceedings due to paucity

VINODCHANDRA T PARIKH,AHMEDABAD vs. ITO, WARD-2(1)(2),, AHMEDABAD

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 457/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2013-2014 Vinodchandra T. Parikh, I.T.O, 31, Shail, Vs. Ward-2(1)(2), Opp. Madhusudan House, Ahmedabad. Navrangpura, Ahmedabad.

disallowance of the deduction claimed under section 54 of the Act for an amount of Rs. 2,48,49,050/- as well as not adjudicating the additional ground of appeal raised before him. 4. The facts in brief are that the assessee in the present case is an individual and filed his return of income declaring total income

RAJNIKANT RAICHAND SHAH,AHMEDABAD vs. THE ITO, WARD-1(3)(1), AHMEDABAD

The appeal of the assessee is allowed for statistical purposes

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

disallowance of claim of cost of acquisition of Rs. 50,895/- and deduction of Rs. 41,00,000/- u/s. 54F of the Act made while computing the Long Term Capital Gains. (4) The appellant craves leave to add, alter, amend any ground of appeal.” 4. The brief facts of the case are that the assessee initially filed the original Income

THE ITO, WARD-1(2)(1), AHMEDBAD vs. ASHIF MEHBBOBELAHI RUSHNAIWALA, AHMEDABAD

disallowance of claim of exemption u/s 54F of the Act made in assessment amounting to Rs.28,36,982/-. The same was deleted in appeal by the Ld.CIT(A) . Hence the present appeal before us by the assessee raising the following grounds : (1) The Id. CIT(A) has erred in law and on the facts & in circumstances of the case