DHARMENBHAI MAHENDRABHAI SUTARIA,HUF,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), , AHMEDABAD

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

5A to section to section 271(1) of the Act in the given fact and circumstances. It is important to note that the assessee belongs to a group known as barter/entry provider group which was subject to search under the provisions of section 132 of the Act dated 4 December 2014. In consequence to search, an excel sheet was found

SHRI JETHANAND KHEMCHAND LUHANA,GODHRA vs. DCIT, CENTRAL CIRCLE-1,, BARODA

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Hon’Ble Vice- & Shri T.S. Kapoor Hon’Ble

house property and accordingly a deduction u/s 54F to the tune of Rs.50 lacs was claimed in the return of income filed by the assessee u/s 139(1) of the IT Act in the regular course. However, while filing the return u/s 153A of the IT Act, the assessee had revised the claim to Rs.40,20,000/- as against

SHRI ISHWARBHAI V. DESAI,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(2)(2),, AHMEDABAD

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

5A, 2nd Floor Jaltarang Ward-1(2)(2), Co. Op. Housing Soc. Vs Ahmedabad Opp Shankar Bhuvan (Respondent) Shahpur, Ahmedabad PAN: AKMPD7386E (Appellant) Revenue by: Shri R.R. Makwana, Sr. D.R. Assessee by: Shri S.N. Divatia, A.R. Date of hearing : 17-08-2021 Date of pronouncement : 24-08-2021 आदेश/ORDER PER : AMARJIT SINGH, ACCOUNTANT MEMBER:- This assessee’s appeal

SHRI SHANTILAL RANCHODDAS PATEL,,AHMEDABAD vs. INCOME TAX OFFICER,, AHMEDABAD

In the result, all the appeals of the Revenue are dismissed, and that of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

section 148 on 4.3.2013. The ld.AO has observed that since vendees have accepted payment of on-money in this land transaction in their return of income, therefore, it is to be construed that vendors might have received on-money and capital gain ought to be assessed in their hands of that on-money. He worked out short capital gain

THE ITO, WARD-6(2),, AHMEDABAD vs. SHRI HARIBHAI MEGHJIBHAI PATEL,, AHMEDABAD

In the result, all the appeals of the Revenue are dismissed, and that of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

section 148 on 4.3.2013. The ld.AO has observed that since vendees have accepted payment of on-money in this land transaction in their return of income, therefore, it is to be construed that vendors might have received on-money and capital gain ought to be assessed in their hands of that on-money. He worked out short capital gain

THE ITO, WARD-6(2),, AHMEDABAD vs. SHRI UPENDRA GANPATRAM PATEL, HUF,, AHMEDABAD

In the result, all the appeals of the Revenue are dismissed, and that of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

section 148 on 4.3.2013. The ld.AO has observed that since vendees have accepted payment of on-money in this land transaction in their return of income, therefore, it is to be construed that vendors might have received on-money and capital gain ought to be assessed in their hands of that on-money. He worked out short capital gain

THE DCIT, CIRCLE-6,, AHMEDABAD vs. SHRI RAJNIKANT KANUBHAI PATEL,, AHMEDABAD

In the result, all the appeals of the Revenue are dismissed, and that of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singh

section 148 on 4.3.2013. The ld.AO has observed that since vendees have accepted payment of on-money in this land transaction in their return of income, therefore, it is to be construed that vendors might have received on-money and capital gain ought to be assessed in their hands of that on-money. He worked out short capital gain