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8 results for “capital gains”+ Block Assessmentclear

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Key Topics

Section 143(3)10Section 1486Section 686Section 115J6Addition to Income5Section 1474Section 153A4Section 1434Section 1324Long Term Capital Gains

NITINBHAI PANCHABHAI DHAKECHA,RAJKOT vs. THE INCOME TAX OFFICER - WARD 1(1)(5), RAJKOT

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

ITA 399/RJT/2023[2007-08]Status: DisposedITAT Rajkot11 Feb 2025AY 2007-08
Section 143(3)Section 250

Capital Gain without\ngiving deduction of cost of acquisition. The department has initiate\nproceedings on the basis of report from ADIT(Inv.)-1, Rajkot, in respect of\nthis property. The assessee has submitted written submission wherein, the\nappellant has not sold any land he was just a power of Attorney holder of the\nseller Shri Manharsinh Jalamsinh Parmar. The sale

SEABIRD MARINE SERVICES PRIVATE LIMITED,JAMNAGAR vs. ACIT, CIRCLE - 1, JAMNAGAR, JAMANGAR

In the result, ground No.4 raised by the assessee is allowed

ITA 83/RJT/2025[2017-18]Status: DisposedITAT Rajkot30 May 2025AY 2017-18
3
Limitation/Time-bar3
Unexplained Cash Credit2
Section 114
Section 115J
Section 143(3)

capital reduction is carried out for NIL\nconsideration. Considering these facts and circumstances, we allow ground No.2\nraised by the assessee.\n29. Now we shall take ground No.4 raised by the assessee, which relates to\ndeduction under section 80-IA of the Act.\n30. Brief facts qua the issue are that on perusal of the return of income as well

KUMAR RAMESH SAHU,RAJKOT, GUJARAT vs. ACIT, CIRCLE-2(2), RAJKOT, RAJKOT, GUJARAT

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

ITA 336/RJT/2023[2009-10]Status: DisposedITAT Rajkot04 Apr 2025AY 2009-10

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./I.T.A. No.336/Rjt/2023 (िनधा"रण वष" / Assessment Year : 2009-10) Kumar Ramesh Sahu बनाम/ The Acit, Sundaram, 72/3, New Cirtcle-2(3) Vs. College Wadi Rajkot – 60 001 150Ft5. Ring Road Opp. Meera Apartment Rajkot – 360 005 (Gujarat) "ायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aesps 5531 C (अपीलाथ" /Appellant) (""थ" / Respondent) .. Assessee By : Shri M.N. Manvar, Ld. Ar Revenue By : Shri Abhimanyu Singh Yadav, Ld. Sr. Dr सुनवाई की तारीख / Date Of Hearing 13/01/2025 घोषणा की तारीख /Date Of Pronouncement 04/04/2025 आदेश / O R D E R Per Dinesh Mohan Sinha:

For Appellant: Shri M.N. Manvar, Ld. ARFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr. DR
Section 143(1)Section 143(3)Section 147Section 148Section 271(1)Section 54Section 68

block assessment proceedings if the AO desired to complete such assessment under s. 143(3) of the Act. (c) In case of Kanubhai M. Patel (HUF) vs. Hiren Bhatt or His Successors to Office & Ors. (2010) 43 DTR (Guj) 329: (2011) 237 CTR (Guj) 544: (2011) 334 ITR 25 (Guj), wherein a Division Bench of this Court had the occasion

RASILABEN BHARAT PARMAR,JAMNAGAR vs. THE INCOME TAX OFFICER, WARD-2(1), JAMNAGAR

In the result, the appeal of the assessee is allowed

ITA 923/RJT/2024[2015-16]Status: DisposedITAT Rajkot21 Mar 2025AY 2015-16

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं/.Ita No.923/Rjt/2024 िनधा"रणवष"/ Assessment Year: 2015-16 Rasilaben Bharat Parmar The Ito, Ward-2(1) बनाम Block No.1252, Narayannagar Jamnagar. Opp: Gulabnagar Vs. Jamnagar. Pan : Ckvpp 5590 F (अपीलाथ"/Appellant) : (""यथ"/Respondent) िनधा"रती क" ओर से/Assessee By : Shri Sagar Shah, Ld.Ar राज"व क" ओर से/Revenue By : Shri Abhimanyu Singh Yadav, Sr-Dr सुनवाई क" तारीख /Date Of Hearing : 28/01/2025 घोषणा क" तारीख /Date Of Pronouncement : 21/03/2025 Order Per Dr. Arjun Lal Sainicaptioned Appeal Filed By The Assessee, Pertaining To Assessment Year (Ay) 2015-16, Is Directed Against The Order Passed By The Learned Commissioner Of Income Tax (Appeals)/National Faceless Appeal Centre, Delhi[In Short ‘Ld.Cit(A)/Nfac’], Under Section 250 Of The Income-Tax Act, 1961 (Hereinafter Referred To As ‘The Act’), Vide Order Dated 08.11.2024, Which In Turn Arises Out Of An Assessment Order Passed By The Assessing Officer U/S 143(3) Of The Income Tax Act, 1961, Vide Order Dated 01.03.2022. 2. The Ground Of Appeal Raised By The Assessee In This Appeal, Pertains To Addition Of Rs. 7,60,800/-, Made By The Assessing Officer & Confirmed By The Ld. Cit(A), On Account Of Long-Term Capital Gain.

For Appellant: Shri Sagar Shah, ld.ARFor Respondent: Shri Abhimanyu Singh Yadav, Sr-DR
Section 143(1)Section 143(3)Section 147Section 148Section 250Section 50C

Block NO.1252, Narayannagar Jamnagar. Opp: Gulabnagar Vs. Jamnagar. PAN : CKVPP 5590 F (अपीलाथ"/Appellant) : (""यथ"/Respondent) िनधा"रती क" ओर से/Assessee by : Shri Sagar Shah, ld.AR राज"व क" ओर से/Revenue by : Shri Abhimanyu Singh Yadav, Sr-DR सुनवाई क" तारीख /Date of Hearing : 28/01/2025 घोषणा क" तारीख /Date of Pronouncement : 21/03/2025 ORDER PER DR. ARJUN LAL SAINI

ACIT, CIRCLE-1(1), RAJKOT, RAJKOT vs. GANDHI REALITY (INDIA) PRIVATE LIMITED, RAJKOT

In the result, the appeal of the Revenue is dismissed

ITA 110/RJT/2025[2018-19]Status: DisposedITAT Rajkot25 Aug 2025AY 2018-19

Bench: Dr. Arjun Lal Saini, Am. & Dinesh Mohan Sinha, Jm

For Appellant: Shri R. K. Doshi, Ld. ARFor Respondent: Shri Praveen Verma, Ld. CIT. (DR)
Section 142(1)Section 143(2)Section 143(3)Section 144BSection 230

block of assets, as on, March 31, 2018, should be allowed. 13. However, the assessing officer rejected the above contention of the assessee and noticed that the transferee- company is a dormant company with no business activities. The transferor company, Gandhi Realty (India) Pvt Limited and Crystal Organisers Pvt Ltd, are an established company with revenues and assets

M/S. LADO CERAMIC PVT. LTD.,BELA (RANGPAR), DIST. MORBI. vs. THE PR. CIT-1, RAJKOT, RAJKOT

In the result, the appeal of the assessee is dismissed

ITA 72/RJT/2021[2016-17]Status: DisposedITAT Rajkot18 Oct 2023AY 2016-17

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Mehul Ranpura, Ld. A.RFor Respondent: Shri Shramdeep Sinha, CIT DR
Section 143(3)Section 263Section 68

block such huge amount of money, that too borrowed money, in shares of the assessee company where no return on investment appeared forthcoming. In view of these glaring discrepancies, the Ld. Assessing Officer should have conducted necessary enquiries/ verifications. However, the AO accepted the share capital investment without any verification as required by the first proviso to Section

ASSTT. COMMR. OF INCOME TAX, CEN. CIR-1,, RAJKOT vs. RAJESHKUMAR GOVINDBHAI PATEL,, RAJKOT

In the result both the appeals filed by the Revenue and the Cross Objections filed by the assessee are hereby dismissed

ITA 26/RJT/2021[2007-08]Status: DisposedITAT Rajkot12 Apr 2023AY 2007-08

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 132Section 142Section 143Section 153A

Capital Gains and also Income from Other Sources. For the asst year 2006-07 the assessee filed his Return of Income on 31-07-2006 admitting total income of Rs.4,17,050/=. The return was processed under section 143[1] dated 06-12-2006 and refund was issued to the assessee. Thus there was no regular assessment u/s.143

ASSTT. COMMR. OF INCOME TAX, CEN. CIR-1,, RAJKOT vs. RAJESHKUMAR GOVINDBHAI PATEL,, RAJKOT

In the result both the appeals filed by the Revenue and the Cross Objections filed by the assessee are hereby dismissed

ITA 25/RJT/2021[2006-07]Status: DisposedITAT Rajkot12 Apr 2023AY 2006-07

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 132Section 142Section 143Section 153A

Capital Gains and also Income from Other Sources. For the asst year 2006-07 the assessee filed his Return of Income on 31-07-2006 admitting total income of Rs.4,17,050/=. The return was processed under section 143[1] dated 06-12-2006 and refund was issued to the assessee. Thus there was no regular assessment u/s.143