HARSHADKUMAR HARGOVANDAS PATEL,KALOL vs. THE ITO, WARD-4, MEHSANA

In the result, the appeal of the assessee is allowed for statistical\npurposes

55A of the Act provides a clear\nmechanism for the Assessing Officer to make a reference to the Valuation\nOfficer if he is not satisfied with the value adopted by the assessee. However,\nin the present case, the Assessing Officer did not invoke this provision and\ninstead determined the FMV arbitrarily on the basis of a single sale instance,\nwithout

KALPTARU INFRABUILD,AHMEDABAD vs. PCIT-3 AHMEDABAD, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

55A. The assessee submitted that Section 56(2)(vii)(b)(ii) was not applicable as it applied only to Kalptaru Infrabuild vs. PCIT Asst.Year –2017-18 - 3– individuals and HUFs, and not to partnership firms, and cited relevant case law in support. Even if the provision was deemed applicable, the AO had complied with his legal duty by referring

THE INCOME TAX OFFICER, WARD-1(3)(3),, AHMEDABAD vs. KETABEN JANAKBHAI PATEL,, AHMEDABAD

In the result, the appeal of the Department is dismissed

Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar

price of Rs. 8,15,000/-. The purchase deed was registered on 19.12.2006. The said plot was sold by the assessee for a consideration of Rs. 2,15,00,000/- along-with two other persons. Stamp duty of Rs.24,44,500/- was paid on such transaction. The Assessee's share was of 60%. The conveyance deed was executed

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

55A of the Act, specifically from the\nDistrict Valuation Officer (DVO) vide report numbers D.T. 26/12/2017 and\nNo. 6 (25)/VO-1/2017-18/873. The DVO had determined the cost of the land\nas on 01.04.1981 at Rs.5,96,000/-, and after applying the indexation benefit,\nthe indexed cost was computed at Rs.15,25,760/-. The assessee reiterated that\nthe valuation had been