ASSISTANT COMMISSIONER OF INCOME-TAX, ICHALKRANJI CIRCLE ,, ICHALKRANJI vs. SANJAY DANCHAND GHODAWAT (HUF),, KOLHAPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

house property and income from other sources whereas as per Section 80IA(1) of the Act, the said deduction is envisaged out of profit and gains from the eligible business only. 4. For illustrating the issue in question and related facts therein, we would take up ITA No.2738/PUN/2017 for the assessment year 2010-11 as lead case for adjudication. A.Y.2010-11

ASSISTANT COMMISSIONER OF INCOME-TAX, ICHALKRANJI CIRCLE ,, ICHALKRANJI vs. SANJAY DANCHAND GHODAWAT (HUF),, KOLHAPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

house property and income from other sources whereas as per Section 80IA(1) of the Act, the said deduction is envisaged out of profit and gains from the eligible business only. 4. For illustrating the issue in question and related facts therein, we would take up ITA No.2738/PUN/2017 for the assessment year 2010-11 as lead case for adjudication. A.Y.2010-11

ASSISTANT COMMISSIONER OF INCOME-TAX, ICHALKRANJI CIRCLE ,, ICHALKRANJI vs. SANJAY DANCHAND GHODAWAT (HUF),, KOLHAPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

house property and income from other sources whereas as per Section 80IA(1) of the Act, the said deduction is envisaged out of profit and gains from the eligible business only. 4. For illustrating the issue in question and related facts therein, we would take up ITA No.2738/PUN/2017 for the assessment year 2010-11 as lead case for adjudication. A.Y.2010-11

ASSISTANT COMMISSIONER OF INCOME-TAX, ICHALKRANJI CIRCLE ,, ICHALKRANJI vs. SANJAY DANCHAND GHODAWAT (HUF),, KOLHAPUR

In the result, appeal of the Revenue in ITA No

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

house property and income from other sources whereas as per Section 80IA(1) of the Act, the said deduction is envisaged out of profit and gains from the eligible business only. 4. For illustrating the issue in question and related facts therein, we would take up ITA No.2738/PUN/2017 for the assessment year 2010-11 as lead case for adjudication. A.Y.2010-11

V.B. PATIL,KOLHAPUR vs. INCOME-TAX OFFICER, WARD - 2(2), KOLHAPUR

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

Bench: Shri R.S. Syal

80B(5) of the Act and held the assessee to be not eligible for deduction on the ground that there was a loss in respect of non-eligible unit at Rs.24,10,697/- and the overall `Business income’ was a loss of Rs.96,000/-. That is how, he computed gross total income of the assessee at Rs.42,66,678/-. After

INCOME-TAX OFFICER, WARD - 12(1),, PUNE vs. M/S. YASH ASSOCIATES,, PUNE

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपीलसं. / Ita No.159/Pun/2018 िनधा"रणवष" / Assessment Year : 2014-15 The Income Tax Officer, M/S.Yash Associates, 401, 4Th Floor, Shreepal Ward-12(1), Pune. Vs . Chambers, 481/C, Shanivar Peth, Pune – 411030. Pan: Aaafy 6149 E Appellant/ Assessee Respondent /Revenue Cross Objection No.01/Pun/2022 (Arising Out Of Ita No.159/Pun/2018) िनधा"रणवष" / Assessment Year : 2014-15 The Income Tax Officer, M/S.Yash Associates, 401, 4Th Floor, Shreepal Ward-12(1), Pune. Vs. Chambers, 481/C, Shanivar Peth, Pune – 411030. Pan: Aaafy 6149 E Appellant/ Assessee Respondent /Revenue Assessee By Shri Rajiv Thakkar – Ar Revenue By Shri M.G.Jasnani – Dr Date Of Hearing 11/07/2022 Date Of Pronouncement 05/08/2022 आदेश/ Order Per S.S.Godara, Jm: This Revenue’S Appeal Ita No.159/Pun/218 With Assessee’S Cross Objection Co No.01/Pun/2022 For The A.Y. 2014-15, Arise Against The Cit(A)-8, Pune’S Order Dated 17.10.2017 Passed In Case No.Pn/Cit(A)-8/Acit Cir-12/293/2017-18/284, In Proceedings Under Section 143(3) Of The Income Tax Act, 1961. Heard Both The Parties. Case Files Perused.

Properties (supra). In the case before the Hon'ble High Court, Assessee had' claimed deduction u/s 80IB (10) of the Act for a Building 'E' which was constructed after the advent of Section 80IB (10) of the Act. Prior to that, buildings A to D were constructed before the advent of section 80IB