SHRI UMANG TEJPAL SHAH,AHMEDABAD vs. THE INCOME TAX OFFICER (HQ) (INTL. TAXN. & TP), AHMEDABAD

In the result, assessee’s appeal is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

91,514/- inclusive of transfer cost of Rs.6,39,514/- purchased on 08.09.2011 and the other situated at Sabarmati, Ahmedabad for an amount of Rs.23,77,500/- inclusive transfer cost of Rs.65,000/- purchased on 23.03.2012. According to the Learned AO, the claim and/or benefit u/s 54 of the Act on reinvestment of two houses properties is not legally tenable

ITO, WARD-3(1)(2),, AHMEDABAD vs. PASL WINDTECH PVT.LTD.,, AHMEDABAD

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

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

section 23(1) and reached to a reasonable rent of Rs.25/-per sq.yd. This way, A.O. has given sufficient benefits to the appellant for any other estimation of rental ITA Nos.3212 & 3460/Ahd/2014 PASL Windtech pvt. Ltd. vs ITO Asst.Year – 2011-12 income. If monthly rent of Rs.257-per sq.yd. per month is converted per sq.mtr. It will be Rs.29.90 per sq.mtr

PASL WINDTECH PVT. LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-5(2),, AHMEDABAD

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

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

section 23(1) and reached to a reasonable rent of Rs.25/-per sq.yd. This way, A.O. has given sufficient benefits to the appellant for any other estimation of rental ITA Nos.3212 & 3460/Ahd/2014 PASL Windtech pvt. Ltd. vs ITO Asst.Year – 2011-12 income. If monthly rent of Rs.257-per sq.yd. per month is converted per sq.mtr. It will be Rs.29.90 per sq.mtr

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

91,036/- under Section 54F of the Act in respect of investment in a\nresidential property. However, the transaction in question was executed\nbeyond the permissible time limit, rendering the claim ineligible.\n2. 4. In response to the show-cause notice dated 15.12.2017, the Authorized\nRepresentative (AR) of the assessee attended the office on 20.12.2017 and\nsubmitted a written reply

CHINMAY GAURANGBHAI SHAH,AHMEDABAD vs. ACIT (INTER.TAXA)-1, AHMEDABAD

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

91,059 21.09 Flat No.601, B-Wing, Palm Bandhavi Sq. Mtr Spring, Palm Court Sharma Complex Link Road, Malad (West), Mumbai -400064 20.07.2017 Rs.1,11,37,591 38.65 Flat No.602, B-Wing, Palm Arun Sq. Mtr Spring, Palm Court Sharma & Complex Link Road, Malad Deepak (West), Mumbai -400064 Sharma Chinmay Gaurangbhai Shah Vs. ACIT AY : 2016-17 3 3. Since

SH. RAJESH NARENDRABHAI PATEL,VADODARA vs. INCOME TAX OFFICER, WARD 1(2)(2), VADODARA, VADODARA

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

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokarasstt.Year : 2012-13 Shri Rajesh Narendrabhai Patel Ito, Ward-1(2)(2) Baroda Bolt & Engineering Works Vadodara. Opp: Lalbaug Atitigruh Pratapnagar Vadodara Pan : Acqpp 6089 C (Applicant) (Responent) Assessee By : None : Shri B.P. Srivastava, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 06/10/2025 घोषणा क" तारीख /Date Of Pronouncement: 09/10/2025 आदेश आदेश/O R D E R आदेश आदेश

House Property 15,54,000/- Long Term Capital Gain 62,60,142/- Income from Other Sources 91,168/- Gross Total Income 79,05,310/- Less: Deduction u/s 80C 30,000/- Total Income Assessed 78,75,310/- 2.8 Penalty proceedings under sections

SHRI NARENDRA B. PATEL,,SABARKANTHA vs. THE INCOME TAX OFFICER, WARD-2,, HIMATNAGAR

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

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./Ita No. 3153/Ahd/2014 िनधा"रण वष"/Asstt. Year: 2011-12 Narendra B. Patel, I.T.O., 592, Pampaliva Vas, Vs. Ward-2, Moyad, Himatnagar. Sabarkantha-383110. Pan: Asupp6989M

91,488/- u/s 69 of the Act on account of alleged unexplained investment in purchase of agriculture land at Block/Survey No. 124 Prantij Sabarkantha. 5. The Ld. CIT (A), has erred in law and on the facts by confirming the action of AO in making addition of Rs.9,17,900/- u/s 69 of the Act on account of alleged unexplained

M/S. SERVASHANTI PROPERTIES PVT. LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-4(1)(1),, AHMEDABAD

In the result, the appeal of the assesse is allowed

91,723/- after allowing standard deduction of 30% therefore an amount of Rs. 46,84,206/- was added to the total income of the assessee as income from house property. I.T.A No. 1278/Ahd/2017 A.Y. 2013-14 Page No 3 M/s. Servashanti Properties Pvt. Ltd. vs. ITO 3. Aggrieved assesse has filed appeal before

SWASTIK DEVELOPERS,AHMEDABAD vs. THE INCOME TAX OFFICER WARD 3(3)(5), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: S/Shri Sanjay Garg & Makarand V.Mahadeokarasstt.Year : 2017-2018 Swastik Developers The Ito, Ward-3(3)(5), 21, Swastik House Vs. Ahmedabad. B/H.Sardar Patel Stadium Ahmedabad. Pan : Acyfs 0641 R (Applicant) (Responent) : Shri Prashant Shrivastav, Ar Assessee By : Shri Hargovind Singh, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 06/08/2025 घोषणा क" तारीख /Date Of Pronouncement: 07/08/2025

House Vs. Ahmedabad. B/h.Sardar Patel Stadium Ahmedabad. PAN : ACYFS 0641 R (Applicant) (Responent) : Shri Prashant Shrivastav, AR Assessee by : Shri Hargovind Singh, Sr.DR Revenue by सुनवाई क" तारीख/Date of Hearing : 06/08/2025 घोषणा क" तारीख /Date of Pronouncement: 07/08/2025 आदेश आदेश/O R D E R आदेश आदेश PER MAKARAND V.MAHADEOKAR, AM: This appeal has been preferred by the assessee

THE ITO, WARD-1(1),, AHMEDABAD vs. M/S. ADANI POWER RAJASTHAN LTD.,, AHMEDABAD

In the result, cross objection of the assessee on this score stands allowed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad, Judicial Memebr आयकर अपील सं./I.T.A. No. 1430/Ahd/2015 With Cross Objection No. 114/Ahd/2015 ("नधा"रण वष" / Assessment Year : 2011-12)

property. Likewise, the company may have income from other sources. The company may also, as in that case, keep the surplus funds in short- term deposits in order to earn interest. Such interest will be chargeable under section 56 of the Act. This Court also emphasised the fact that the company was not bound to utilise the interest so earned

DCIT, CIRCLE-1(1)(2), AHMEDABAD vs. CHIRIPAL INDUSTRIES LTD, AHMEDABAD

In the result, appeal of the Revenue is partly allowed for statistical purposes

Bench: Smt. Annapurna Gupta & Ms. Suchitra Kambleassessment Year: 2016-17

91,35,894/- under Section 80IA(4) as claimed by the assessee. The Assessing Officer further made disallowance under Section 14A amounting to Rs.38,93,576/- and also made addition of Rs.1,80,000/- towards deemed house property

DIPAL SURESHBHAI PATEL,AHMEDABAD vs. ITO, WARD-3(3)(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed& Ms. Madhumita Roy

property used for residence up to 30-3-1998, inasmuch as the return of income-tax for the assessment year 1997-98 could be furnished before the expiry of one year from the end; of the relevant assessment year or before the completion of %e assessment whichever is earlier under sub-section (4) of section 139 of the Income

KANAIYALAL MULJIBHAI PATEL,AHMEDABAD vs. INCOME TAX OFFICER, WARD-15(1),, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Shri Rajpal Yadav & Shri Amarjit Singhआयकर अपील सं./ Ita No.649/Ahd/2016 "नधा"रण वष"/Asstt. Year: 2010-11

91,912/- was computed, but the assessee has claimed exemption under section 54F of the Act. It was contended by the assessee that a plot of land at Bopal was purchased vide purchase deed dated 12.6.2009 for Rs.10.05 lakhs and he constructed a house at the cost of Rs.31,38,000/-. Thus, total cost of the residence was shown

SHRI VITHALBHAI KALIDAS PATEL, HUF,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(2),, AHMEDABAD

In the result, both the appeals filed by the Assessee are allowed

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed)

91,516 to Natraj Co-operative Housing Society Ltd., and partners of M/s. Venus Land Development Corporation joined as confirming parties to the sale deed. In pursuance of the aforesaid agreement for sale, the assessee further sold 9,920 sq. yds. of land to Anilkumar Kashibhai Patel and others for Rs. 3,37,484 on January

THE TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. THE ACIT.,CIRCLE-8,, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No(S) Year(S) Appellant Vs. Respondent Appellant Respondent 1. 907/Ahd/2012 2007-08 M/S. Torrent Add. Cit, Pharmaceuticals Ltd., Range – 8, Torrent House, Off. Ahmedabad. Ashram Road, Ahmedabad. Pan No. Aaact 5456 A 2. 938/Ahd/2012 2007-08 The Acit, M/S. Torrent Ahmedabad. Pharmaceuticals Ltd. Ahmedabad. 3. 1634/Ahd/2012 2008-09 M/S. Torrent The Acit, Pharmaceuticals Ltd. Ahmedabad Ahmedabad. 4. 1725/Ahd/2012 2008-09 The Acit M/S. Torrent Ahmedabad. Pharmaceuticals Ltd., Ahmedabad.

property'. The only additional expression in the clarification is 'use' as also illustrative and inclusive descriptions of tangible and intangible assets. Similarly, clause (d) deals with the " provision of services, including provision of market research, market development, marketing management, administration, technical service, repairs, design, consultation, agency, scientific research, legal or accounting service" which are anyway covered in "provision for services

THE TORRENT PHARMACEUTICALS,AHMEDABAD vs. THE ADDITIONAL CIT, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No(S) Year(S) Appellant Vs. Respondent Appellant Respondent 1. 907/Ahd/2012 2007-08 M/S. Torrent Add. Cit, Pharmaceuticals Ltd., Range – 8, Torrent House, Off. Ahmedabad. Ashram Road, Ahmedabad. Pan No. Aaact 5456 A 2. 938/Ahd/2012 2007-08 The Acit, M/S. Torrent Ahmedabad. Pharmaceuticals Ltd. Ahmedabad. 3. 1634/Ahd/2012 2008-09 M/S. Torrent The Acit, Pharmaceuticals Ltd. Ahmedabad Ahmedabad. 4. 1725/Ahd/2012 2008-09 The Acit M/S. Torrent Ahmedabad. Pharmaceuticals Ltd., Ahmedabad.

property'. The only additional expression in the clarification is 'use' as also illustrative and inclusive descriptions of tangible and intangible assets. Similarly, clause (d) deals with the " provision of services, including provision of market research, market development, marketing management, administration, technical service, repairs, design, consultation, agency, scientific research, legal or accounting service" which are anyway covered in "provision for services

THE ACIT, CIRCLE-8,, AHMEDABAD vs. THE TORRENT PHARMACEUTICALS, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No(S) Year(S) Appellant Vs. Respondent Appellant Respondent 1. 907/Ahd/2012 2007-08 M/S. Torrent Add. Cit, Pharmaceuticals Ltd., Range – 8, Torrent House, Off. Ahmedabad. Ashram Road, Ahmedabad. Pan No. Aaact 5456 A 2. 938/Ahd/2012 2007-08 The Acit, M/S. Torrent Ahmedabad. Pharmaceuticals Ltd. Ahmedabad. 3. 1634/Ahd/2012 2008-09 M/S. Torrent The Acit, Pharmaceuticals Ltd. Ahmedabad Ahmedabad. 4. 1725/Ahd/2012 2008-09 The Acit M/S. Torrent Ahmedabad. Pharmaceuticals Ltd., Ahmedabad.

property'. The only additional expression in the clarification is 'use' as also illustrative and inclusive descriptions of tangible and intangible assets. Similarly, clause (d) deals with the " provision of services, including provision of market research, market development, marketing management, administration, technical service, repairs, design, consultation, agency, scientific research, legal or accounting service" which are anyway covered in "provision for services

THE ACIT,(OSD)CIRCLE-8,, AHMEDABAD vs. THE TORRENT PHARMACEUTICALS LTD.,, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No(S) Year(S) Appellant Vs. Respondent Appellant Respondent 1. 907/Ahd/2012 2007-08 M/S. Torrent Add. Cit, Pharmaceuticals Ltd., Range – 8, Torrent House, Off. Ahmedabad. Ashram Road, Ahmedabad. Pan No. Aaact 5456 A 2. 938/Ahd/2012 2007-08 The Acit, M/S. Torrent Ahmedabad. Pharmaceuticals Ltd. Ahmedabad. 3. 1634/Ahd/2012 2008-09 M/S. Torrent The Acit, Pharmaceuticals Ltd. Ahmedabad Ahmedabad. 4. 1725/Ahd/2012 2008-09 The Acit M/S. Torrent Ahmedabad. Pharmaceuticals Ltd., Ahmedabad.

property'. The only additional expression in the clarification is 'use' as also illustrative and inclusive descriptions of tangible and intangible assets. Similarly, clause (d) deals with the " provision of services, including provision of market research, market development, marketing management, administration, technical service, repairs, design, consultation, agency, scientific research, legal or accounting service" which are anyway covered in "provision for services

ZYDUS LIFESCIENCES LIMITED (FORMERLY KNOWN AS CADILA HEALTHCARE LTD.),AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, appeal preferred by the assessee is allowed

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 162/Ahd/2021 ("नधा"रण वष" / Assessment Years : 2016-17)

Section 144C of the Act was passed in this case by the ACIT, Circle-1(1)(2) on 12.12.2019. The Ld. AO proposed the following addition: ITA No. 162/Ahd/2021 (Zydus Lifesciences Ltd. vs. DCIT) A.Y.– 2016-17 - 5 – A. Income from House Property [as per Return of Income] Rs. 10,34,525/- B. Business Income [as per Return of income