RAJENDRA KANHIYALAL BHARTIYA,,JALNA vs. INCOME -TAX OFFICER,, JALNA

In the result, both the appeals of assessee are allowed as indicated above

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita No.1424/Pun/2017 यििाारण वषा / Assessment Year : 2010-11 Shri Rajendra Kanhiyalal Bhartiya, Kerosene Dealer, Naya Bazar, Shola Chowk, अऩीऱाथी/Appellant Jalna – 431203 …. Pan: Amspb4560E Vs. The Income Tax Officer, …. प्रत्यथी / Respondent Ward 1, Jalna आयकर अपीऱ सं. / Ita No.1425/Pun/2017 यििाारण वषा / Assessment Year : 2010-11 Shri Sanjay Kailashchand Bhartiya, Prop. Of Dainik Krushnaniti, Naya Bazar, Shola Chowk, अऩीऱाथी/Appellant Jalna – 431203 …. Pan: Afnpb3190E Vs. The Income Tax Officer, …. प्रत्यथी / Respondent Ward-1, Jalna

house property and hence, the claim of deduction under section 54F of the Act. In the facts of each of the persons, balance capital was claimed at Nil. The details of the same are reproduced by the Assessing Officer under para 6 of assessment order. The Assessing Officer was of the view that the assessee had received land on family

DASHRATH KONDIBA BALWADKAR,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE -2,, PUNE

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteनिर्धारण वषा / Assessment Year : 2014-15 Acit, Circle-2, Vs. Vilas Dashrath Balwadkar Pune House No.329, Near Laxmi Mata Temple, Balewadi, Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Vilas Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Prakash Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1116A Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Dashrath Kondiba Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Aqapb5784C Appellant Respondent

House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 PAN: AQAPB5784C Appellant Respondent Assessee by Shri Deepak Sasar Revenue by Shri M.G. Jasanani Date of hearing 13-07-2022 Date of pronouncement 28-07-2022 आदेश / ORDER PER S.S. GODARA, JM : The instant batch of four appeals pertains to three assessees namely Vilas Dashrath Balwadkar, Prakash Dashrath

PRAKASH DASHRATH BALWADKAR,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE-2,, PUNE

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteनिर्धारण वषा / Assessment Year : 2014-15 Acit, Circle-2, Vs. Vilas Dashrath Balwadkar Pune House No.329, Near Laxmi Mata Temple, Balewadi, Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Vilas Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Prakash Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1116A Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Dashrath Kondiba Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Aqapb5784C Appellant Respondent

House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 PAN: AQAPB5784C Appellant Respondent Assessee by Shri Deepak Sasar Revenue by Shri M.G. Jasanani Date of hearing 13-07-2022 Date of pronouncement 28-07-2022 आदेश / ORDER PER S.S. GODARA, JM : The instant batch of four appeals pertains to three assessees namely Vilas Dashrath Balwadkar, Prakash Dashrath

VILAS DASHRATH BALWADKAR,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -2,, PUNE

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteनिर्धारण वषा / Assessment Year : 2014-15 Acit, Circle-2, Vs. Vilas Dashrath Balwadkar Pune House No.329, Near Laxmi Mata Temple, Balewadi, Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Vilas Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Prakash Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1116A Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Dashrath Kondiba Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Aqapb5784C Appellant Respondent

House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 PAN: AQAPB5784C Appellant Respondent Assessee by Shri Deepak Sasar Revenue by Shri M.G. Jasanani Date of hearing 13-07-2022 Date of pronouncement 28-07-2022 आदेश / ORDER PER S.S. GODARA, JM : The instant batch of four appeals pertains to three assessees namely Vilas Dashrath Balwadkar, Prakash Dashrath

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, PUNE vs. VILAS DASHRATH BALWADKAR,, PUNE

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteनिर्धारण वषा / Assessment Year : 2014-15 Acit, Circle-2, Vs. Vilas Dashrath Balwadkar Pune House No.329, Near Laxmi Mata Temple, Balewadi, Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Vilas Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1117B Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Prakash Dashrath Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Apppb1116A Appellant Respondent निर्धारण वषा / Assessment Year : 2014-15 Dashrath Kondiba Balwadkar Vs. Acit, House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 Pan: Aqapb5784C Appellant Respondent

House No.329, Near Laxmi Circle-2, Mata Temple, Balewadi, Pune Pune-411045 PAN: AQAPB5784C Appellant Respondent Assessee by Shri Deepak Sasar Revenue by Shri M.G. Jasanani Date of hearing 13-07-2022 Date of pronouncement 28-07-2022 आदेश / ORDER PER S.S. GODARA, JM : The instant batch of four appeals pertains to three assessees namely Vilas Dashrath Balwadkar, Prakash Dashrath

MARUTI G.THOPTE,,PUNE vs. INCOME-TAX OFFICER,, PUNE

In the result, the appeal of the assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

55A r.w.s. 16A(5) of the Wealth Tax Act, 1957 determined the fair market value of the property at Rs.51,000/- and accordingly, the assessee’s share was worked out at Rs.12,750/- (1/4th of Rs.51,000/-). AO on the basis of report of DVO considered the cost of acquisition of the property at Rs.12,750/-. AO also noticed that

BALU VITTHAL KHARATE,,NASHIK vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, NASHIK

Appeal of the assessee is allowed

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

House Property, whereas the assessee has relied on the following judgments: i) Laxmi Narayan Vs. Commissioner of Income Tax, (2018) 89 taxmann.com 334 ( Rajasthan) ii) Commissioner of Income Tax Vs. Gurnam Singh (2008) 170 taxman 160 ( Punjab & Haryana) iii) Jagpal Singh Vs. Income Tax Officer (2010) 186 Taxman 26 ( Delhi) (Mag.) The aforesaid judgments exclusively deals with the exemption u/s.54B

BHIMA DADA KHARATE,,NASHIK vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE -1, , NASHIK

Appeal of the assessee is allowed

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

House Property, whereas the assessee has relied on the following judgments: i) Laxmi Narayan Vs. Commissioner of Income Tax, (2018) 89 taxmann.com 334 ( Rajasthan) ii) Commissioner of Income Tax Vs. Gurnam Singh (2008) 170 taxman 160 ( Punjab & Haryana) iii) Jagpal Singh Vs. Income Tax Officer (2010) 186 Taxman 26 ( Delhi) (Mag.) The aforesaid judgments exclusively deals with the exemption u/s.54B

SANDHYA SURESH DAHIVELKAR,PUNE vs. ITO, WARD 14(3), PUNE, PUNE

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.341/Pun/2024 िनधा"रण वष" / Assessment Year: 2017-18 Sandhya Suresh Dahivelkar, Vs. Ito, Ward-14(3), Pune. Flat No.6/624, Clover Citadel Wanowrie, Pune- 411040. Pan : Asypd2124N Appellant Respondent Assessee By Shri Dattatraya Suresh Kusumkar : Revenue By : Shri Sourabh Nayak Date Of Hearing : 27.06.2024 Date Of Pronouncement : 10.07.2024 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 28.02.2023 Passed By Ld Cit(A)/Nfac For The Assessment Year 2017-18. 2. The Present Appeal Is Filed Belatedly I.E. With The Delay Of 297 Days. The Appellant Furnished An Application/ Affidavit Praying For Condonation Of Delay In The Circumstances Mentioned Therein. We Are Of The Considered Opinion That The Reasons Mentioned By The Assessee Constitute Reasonable Cause For Not Filing The Appeal Within

55A or section 142A of Income Tax Act.” 4. The facts, in brief, are that the assessee is an individual and senior citizen widow lady, filed her Return of Income on 27-06-2017 declaring total income at Rs.15,24,570. In this Return of Income, appellant has shown capital gain on account of sale of Residential House situated

DILIP SHANTILAL JAIN,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX,,

In the result, the appeal of assessee is allowed

Bench: Shri Anil Chaturvedi & Shri Partha Sarathi Chaudhury

House No.6, Kohinoor Estates, Mula Road, Khadki, Pune – 411003 PAN : ABOPJ0510F .......अऩीऱाथी / Appellant बिाम / V/s. The Asst. Commissioner of Income Tax, Central Circle 2(2), Pune ……प्रत्यथी / Respondent Assessee by : Shri Nikhil Pathak Revenue by : Shri Satish C. Grover सुनवाई की तारीख / Date of Hearing : 09-01-2020 घोषणा की तारीख / Date of Pronouncement : 14-01-2020 आदेश / ORDER

SANJAY NAMDEV TILEKAR,PUNE vs. INCOME TAX OFFICER,WARD 14(5) PUNE, PUNE

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.382/Pun/2024 िनधा"रण वष" / Assessment Year: 2009-10 Sanjay Namdev Tilekar, Vs. Ito, Ward-14(5), Pune. Row House No.6, Manjari Green, Manjari Stud Farm, Phase One, Pune- 412307. Pan : Ahwpt3174F Appellant Respondent Assessee By : Shri Pramod S. Shingte Revenue By : Shri Sourabh Nayak Date Of Hearing : 29.05.2024 Date Of Pronouncement : 05.06.2024 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 28.03.2023 Passed By Ld Cit(A)/Nfac, Delhi For The Assessment Year 2009-10. 2. The Present Appeal Is Filed Belatedly With 281 Days. The Appellant Furnished An Affidavit Along With Death Certificate Of His Wife, Praying For Condonation Of Delay Of 281 Days In The Circumstances Mentioned Therein. Ld. Dr Could Not Controvert The Averments Made In The Above Affidavit. We Are Of The Considered

55A of the Income Tax Act, 1961 Assessing Officer cannot make the reference for valuation as on 01/04/1981. 5. On the facts and in the circumstances of the case and in law, the Learned Assessing officer erred in restricting the claim made under section 54B to the tune of Rs.74,400/- as against the Rs.1,08,55,000/- thereby reducing