THE DY. COMMR. OF INCOME TAX, CIR.-1(1), RAJKOT-GUJARAT vs. SMT. KRUSHNABA P. JADEJA,, RAJKOT-GUJARAT

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinha

Capital Gain" of Rs. 45,03,271/-. 8. The Assessing Officer, after going through the balance-sheet of the assessee, as on 31.03.2012, noticed that a sum of Rs.99,76,000/-, was shown by assessee under the head "Sundry Creditors". On being asked to furnish the details of the amount, it was explained by the assessee that the amount

SHRI JAYANTILAL PAGHADAL,AT CHARAN SAMDHIYALA, NEW AREA PLOT, TALUKA JETPUR, DISTRICT RAJKOT-365480 vs. THE INCOME TAX OFFICER, WARD - 1 (2) (3), RAJKOT, RAJKOT

In the result, the appeal of the assessee is dismissed

Bench: Ms. Suchitra Kamble (Judicial Member), Shri Waseem Ahmed (Accountant Member)

Capital gains". The fact that there is no amendment carried out under section 10(37) of the 1961 Act will not change the position. 4. Further, while discussing the Hon'ble Gujarat High Court decision in the case of Movaliya (supra) the Hon'ble High Court noted as under: "Gujarat High Court in Movaliya Rhikhubhai Balabhai's case (supra) while

SMT. KRUSHNABA PRAVINSINH JADEJA,,RAJKOT-GUJARAT vs. THE DY. COMMR. OF INCOME TAX, CIR.-1(1),, RAJKOT-GUJARAT

Capital Gain\" of Rs. 45,03,271/-.\n8. The Assessing Officer, after going through the balance-sheet of the\nassessee, as on 31.03.2012, noticed that a sum of Rs.99,76,000/-, was\nshown by assessee under the head \"Sundry Creditors\". On being asked to\nfurnish the details of the amount, it was explained by the assessee that the\namount

THE ITO WARD-1 (2) (1),, RAJKOT vs. SHRI KHRAJMAL LEKHRAJBHAI THAVRANI, RAJKOT

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ACIT, CENTRAL CIRL-1,, RAJKOT

In the result, appeals filed by the Revenue, in ITA No

Bench: Dr. Arjun Lal Saini & Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 134 & 135/Rjt/2023 (िनधा"रणवष" / Assessment Years: (2007-08 & 2008-09) Income Tax Officer, Ward- Shri Kherajmal Lekhrajbjai 5Th 1(2)(1), Aaykar Bhavan, Thavrani, 4- Parsana Nagar, Shri Vs. Floor, Room No. 517, Race Vaheguru Grupa, Near Refugee Course Ring Road, Rajkot-360 Colony, Rajkot-360 001 001 "थायी लेखा सं./जी आइ आर सं./Pan/Gir No.: Adrpt 5807 E (Appellant) (Respondent)

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015) 55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs Arulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that irrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

capital in the industrial undertaking set up,\n10\nBhavani Industries India LLP\nITA Nos. 247 to 250/RJT/2024 & Ors. (AYs: 2012-13, 2013-14 & Ors.)\n(2). employment of requisite labour therein, (3). manufacture or production of\narticles in the said undertaking, (4). earning of profits clearly attributable to the\nsaid new undertaking, and (5) above all, a separate and distinct

BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ACIT, CIRCLE-2(1), RAJKOT, RAJKOT

capital in the industrial undertaking set up,\n(2). employment of requisite labour therein, (3). manufacture or production of articles in the said undertaking, (4). earning of profits clearly attributable to the said new undertaking, and (5) above all, a separate and distinct identity of the industrial unit set up. The Court is of the view that

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

In the result, summarised and concise ground No

capital in the industrial undertaking set up,\n10\nBhavani Industries India LLP\nITA Nos.247 to 250/RJT/2024 & Ors. (AYs: 2012-13, 2013-14 & Ors.)\n(2). employment of requisite labour therein, (3). manufacture or production of\narticles in the said undertaking, (4). earning of profits clearly attributable to the\nsaid new undertaking, and (5) above all, a separate and distinct identity

ASSISTANT COMMISSINER OF IINCOME TAX CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

capital in the industrial undertaking set up,\n10\nBhawani Industries India LLP\nITA Nos.247 to 250/RJT/2024 & Ors. (AYs: 2012-13, 2013-14 & Ors.)\n(2). employment of requisite labour therein, (3). manufacture or production of\narticles in the said undertaking, (4). earning of profits clearly attributable to the\nsaid new undertaking, and (5) above all, a separate and distinct identity

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

capital in the industrial undertaking set up,\n10\nBhawani Industries India LLP\nITA Nos. 247 to 250/RJT/2024 & Ors. (AYs: 2012-13, 2013-14 & Ors.)\n(2). employment of requisite labour therein, (3). manufacture or production of\narticles in the said undertaking, (4). earning of profits clearly attributable to the\nsaid new undertaking, and (5) above all, a separate and distinct

BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ADDI. CIT, RANGE-2, RAJKOT, RAJKOT

capital in the industrial undertaking set up,\n10\n(2). employment of requisite labour therein, (3). manufacture or production of\narticles in the said undertaking, (4). earning of profits clearly attributable to the\nsaid new undertaking, and (5) above all, a separate and distinct identity of the\nindustrial unit set up. The Court is of the view that

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ITO, WARD-1 (1) (2),, RAJKOT

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

SHRI BHARATKUMAR ISHWARBHAI BHATIYA,RAJKOT-GUJARAT vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,,JUNAGADH vs. THE INCOME TAX OFFICER-WARD 1(2)(4),, RAJKOT

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015) 55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs Arulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that irrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ITO, WARD-1 (1) (2),, RAJKOT

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

THE INCOME TAX OFFICER-WARD-2,, JUNAGADH vs. SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,, JUNAGADH

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

THE DY. COMMR. OF INCOME TAX, CEN. CIR.-1,, RAJKOT vs. BHARATKUMAR ISHWARBHAI BHATIYA,, RAJKOT

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT

THE INCOME TAX OFFICER-WARD-2,, JUNAGADH vs. SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,, JUNAGADH

140 ITR 705 (Madras) which is bound form in Ramco Cement Limited Vs DCIT (2015)\n55 Taxmann.com 79 (Madras) and which also mentions the decision of State of Tamil Nadu vs\nArulmurugan and Company (1982) 51 STC 381 (Madras) (copy enclosed). It is, hence, requested that\nirrespective of decision of Ld. assessing officer and Ld. CIT(A), Ld. ITAT