BABUBHAI KANJIBHAI SAKARIA,JETPUR vs. ITO WD 1(2)(1), RAJKOT, RAJKOT

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

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 156/Rjt/2025 (Assessment Year: 2016-17) Babubhai Kanjibhai Sakariya Vs. Ito, Wd 1(2)(1), Rajkot Plot No. 82 Satyam Park, Amarnagar Aaykar Bhavan, Race Course Ring Road, Jetpur,(Rajkot-Gujarat) -360370 Road, Rajkot 360001 "ायीलेखासं./जीआइआरसं./Pan/Gir No.: Agnps7407C (अपीलाथ"/Appellant) (""थ"/Respondent)

capital gains tax under section 45 of the I.T. Act, the Page 9 of 19 Babubhai K. Sakaria interest received undersection 28 of the Act of 1894 being an accretion to the value, would form part of the compensation and would be exigible to tax under section 45(5) of the I.T. Act, whereas the interest received under section

KANTABEN VAJUBHAI PAGHADAL,RAJKOT, GUJARAT vs. ITO WD 1(2)(1), RAJKOT, RAJKOT

In the result, appeal filed by the assessee is allowed

Bench: Dr. Arjun Lal Sainiआयकरअपीलसं./Ita No.552/Rjt/2025 "नधा"रणवष" / Assessment Year: (2016-17) (Hybrid Hearing) Kantaben Vajubhai Paghadal Vs. It-Office, New Aayakar At- Charan Samadhiyala, Bhawan, Jetpur – 360370(Gujarat) Rajkot - 360370 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Cxmpp2962D (Appellant) (Respondent)

capital gains tax under section 45 of the I.T. Act, the interest received under section 28 of the Act of 1894 being an accretion to the value, would form part of the compensation and would be exigible to tax under section 45(5) of the I.T. Act, whereas the interest received under section 34 of the Act of 1894 would

SMT.AMARBAI DHANJI JADAVA,,BHUJ-KUTCH. vs. INCOME TAX OFFICER(INTER.TAXA.),, GANDHIDHAM.

In the result, both the appeals of the appellants are allowed partly

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble"नधा"रण वष"/ Asstt. Year: 2012-13 Smt.Amarbhai Dhanji Jadav Ito, International Taxation Gandhidham. C/O. Shri Nanji Kalyanji Vekariya Vs. Upalo Vas, Village-Baldiya Tal. Bhuj-Kutch 370 001. "नधा"रण वष"/ Asstt. Year: 2012-13 Shri Mavji Dhanji Jadva Ito, International Taxation Gandhidham. C/O. Shri Nanji Kalyanji Vekariya Vs. Upalo Vas, Village-Baldiya Tal. Bhuj-Kutch 370 001. (Applicant) (Responent) Assessee By : Shri M.J. Ranpura, Ar Revenue By : Shri Anil Kumar Das, Dr सुनवाई क" तार"ख/Date Of Hearing : 18/09/2019 घोषणा क" तार"ख /Date Of Pronouncement: 20/09/2019 आदेश/O R D E R Per Rajpal Yadav: Assessees Are In Appeals Before The Tribunal Against Separate Orders Of The Ld.Cit(A)-13, Ahmedabad Dated 30.1.2017 Passed On The Respective Appeals Of The Assessees For Assessment Years 2012-13. 2. Assessees Are Mother & Son & Issue Involved In Both Appeals Relates To Computation Of Long Term Capital Gain Required To Be Determined In The

164/- construction in F.Y.2000-01 iii) Index cost of Rs.14,55,751/- construction in F.Y.2001-02 Rs.38,95,495/- Net Long Term Capital Loss Rs.15,446/- ITA No.52 and 53/RJT/2018 3 5. The ld.AO was not satisfied with the calculation made by the appellants. He referred the matter to the DVO for determining the fair market cost of the property in F.Y.2001-02

MAVJI DHANJI JADVA,,BHUJ-KUTCH vs. INCOME TAX OFFICER, INTER.TAXA.,, GANDHIDHAM

In the result, both the appeals of the appellants are allowed partly

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble"नधा"रण वष"/ Asstt. Year: 2012-13 Smt.Amarbhai Dhanji Jadav Ito, International Taxation Gandhidham. C/O. Shri Nanji Kalyanji Vekariya Vs. Upalo Vas, Village-Baldiya Tal. Bhuj-Kutch 370 001. "नधा"रण वष"/ Asstt. Year: 2012-13 Shri Mavji Dhanji Jadva Ito, International Taxation Gandhidham. C/O. Shri Nanji Kalyanji Vekariya Vs. Upalo Vas, Village-Baldiya Tal. Bhuj-Kutch 370 001. (Applicant) (Responent) Assessee By : Shri M.J. Ranpura, Ar Revenue By : Shri Anil Kumar Das, Dr सुनवाई क" तार"ख/Date Of Hearing : 18/09/2019 घोषणा क" तार"ख /Date Of Pronouncement: 20/09/2019 आदेश/O R D E R Per Rajpal Yadav: Assessees Are In Appeals Before The Tribunal Against Separate Orders Of The Ld.Cit(A)-13, Ahmedabad Dated 30.1.2017 Passed On The Respective Appeals Of The Assessees For Assessment Years 2012-13. 2. Assessees Are Mother & Son & Issue Involved In Both Appeals Relates To Computation Of Long Term Capital Gain Required To Be Determined In The

164/- construction in F.Y.2000-01 iii) Index cost of Rs.14,55,751/- construction in F.Y.2001-02 Rs.38,95,495/- Net Long Term Capital Loss Rs.15,446/- ITA No.52 and 53/RJT/2018 3 5. The ld.AO was not satisfied with the calculation made by the appellants. He referred the matter to the DVO for determining the fair market cost of the property in F.Y.2001-02

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

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 83/Rjt/2025 (निर्धारण वर्ष/Assessment Year: (2017-18) Seabird Marine Services Pvt. Vs. Ltd. Office No. 309 & 310, Centroid Luxuria, Nr. Crystal Mall, Khodiyar Colony, Aerodrome Road, Jamnagar 361006 Assistant Commissioner Of Income-Tax, Circle-1, Jamnagar, Aayakar Bhawan, Nr. Subhash Bridge, Jamnagar -Rajkot Highway, Jamnagar स्थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaccs 9869 C (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) Appellant By : Shri S. N. Soparkar, Ld. Ar Respondent By : Shri Sanjay Punglia, Ld. Cit-Dr Date Of Hearing : 30/04/2025 Date Of Pronouncement : 30/05/2025 Per Dr. A. L. Saini, Am: आदेश / Order Captioned Appeal Filed By The Assessee, Pertaining To Assessment Year 2017-18, Is Directed Against The Order Passed By The National Faceless Appeal Centre (Nfac), Dehi/ Commissioner Of Income Tax (Appeal) [In Short 'Ld. Cit(A)'], Dated 02.01.2025, Which In Turn Arises Out Of An Assessment Order Passed By The Assessing Officer, Under Section 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As “The Act”), Vide Order Dated 31.12.2019. 2. Grounds Of Appeal Raised By The Assessee Are As Follows: “All The Below Mentioned Grounds Of Appeal Are Independent & Without Prejudices To Each Other.

gain should have been shown irrespective of treatment in book of account. Therefore, ld CIT(A), based on these facts, confirmed the addition made by the assessing officer. 10. Shri S. N. Soparkar, Ld. Senior Counsel for the assessee, pleaded on behalf of assessee that there was reduction in the capital and the assesssee has “written off" the investments

ISS SHIPPING INDIA PVT. LTD., (AS AGENT FOR MAERSK TANKERS SINGAPORE PTE. LTD., SINGAPORE),NAVI MUMBAI vs. DY. COMMR. OF INCOME TAX ( INTERNATIONAL TAXATION),, RAJKOT

In the result, both the appeals of the assessee are allowed for statistical purposes

gains or profits from any trade, business, profession or vocation, The AR has made a failed attempt to distinguish income 'accrued or derived' from the term 'received. The AR has very conveniently ignored the fact that the term used in the treaty is 'received or remitted and the term 'remitted' finds no mention in Singapore Income Tax Act (SITA). Appellant

ISS SHIPPING INDIA PVT. LTD., (AS AGENT FOR MAERSK TANKERS SINGAPORE PTE. LTD., SINGAPORE),NAVI MUMBAI vs. DY. COMMR. OF INCOME TAX ( INTERNATIONAL TAXATION),, RAJKOT

In the result, both the appeals of the assessee are allowed for statistical purposes

gains or profits from any trade, business, profession or vocation, The AR has made a failed attempt to distinguish income 'accrued or derived' from the term 'received. The AR has very conveniently ignored the fact that the term used in the treaty is 'received or remitted and the term 'remitted' finds no mention in Singapore Income Tax Act (SITA). Appellant

SHRI RAJKOT DISTRICT COOPERATIVE BANK LTD.,,RAJKOT-GUJARAT vs. THE PR. COMMR. OF INCOME TAX-1,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarassessment Year :2011-12 Shri Rajkot District Cooperative Vs. Pr.Cit, Rajkot-1 Bank Ltd. Rajkot. ‘Jilla Bank Bhavan’, Kasturba Road Opp: Chaudhari High School Rajkot. Pan : Aaaar 0564 K 0 अपीलाथ"/ (Appellant) "" यथ"/(Respondent) Assesseeby : Shri S.N. Soparkar, Ld.Ar Revenue By : Shri Shramdeep Sinha, Ld.Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 17/11/2022 घोषणा क" तार"ख /Date Of Pronouncement: 15/02/2023

gains of the assessee’s business. • to the provisions of section 33AC, 80HHB(4), 80HHD(5)(a) and 10AA(3) pointing out that all these provisions specifically provided for taxing the amounts credited to the reserve created,as provided under the relevant sections, on non- utilization of the said reserves for the specified purposes. 5 8. The ld.counsel