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2 results for “capital gains”+ Section 271Fclear

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Key Topics

Section 1484Section 1473Section 2502Section 148A2Section 1442Section 271(1)(b)2Long Term Capital Gains2Penalty2Addition to Income2

LATE ABBASHBHAI ISMAILBHAI SHEKH, L/H. JENAMBEN ABBASBHAI SHEKH,JAMNAGAR vs. THE ITO -WARD- 3(5), JNR, /JAMNAGAR

In the result, the appeal of the assessee is allowed

ITA 173/RJT/2019[2011-12]Status: DisposedITAT Rajkot28 Feb 2020AY 2011-12

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./I.T.A. Nos.173 To 177/Rjt/2019 ("नधा"रण वष" / Assessment Year 2011-12) बनाम/ Late Abbashbhai Ismail Shekh I.T.O., L/H Jenamben Abbasbhai Shekh, Ward-1(5), Vs. Vanza No Delo, O/S Khoja Gate, Jamnagar. Sandhi Jamatkhana Street, Jamnagar.

For Appellant: Shri Chetan Agarwal , A.RFor Respondent: Shri Suhas Mistry, Sr. D.R
Section 144Section 147Section 148

capital gain in dispute subject to the verification by the AO. In the event, the assessee succeeds before the AO then, the entire assessment shall become the null and void. Thus in such a situation in our considered view there cannot be any penalty under section 271F

MAHENDRAKUMAR BHANJIBHAI CHHANIYARA,RAJKOT vs. THE ITO WARD 1 (2) (1) RAJKOT, RAJKOT

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

ITA 280/RJT/2025[2016-17]Status: DisposedITAT Rajkot19 Aug 2025AY 2016-17

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपीलसं./Ita No. 280/Rjt/2025 (निर्धारणवर्ष/Assessment Year: (2016-17) Mahendrakumar Bhanjibhai Income Tax Officer, Chaniyara, Gaushala Plot, Kolki बनाम Ward-1(2)(1), Rajkot, Aaykar Rajkot, Kolki So, Bhawan, Rajkot-360001 /Vs. Rajkot-360470 स्थायी लेखा सं./जी आइआरसं./Pan/Gir No.: Astpc9150G (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) निर्धारितीकीओरसे/Appellant By : Shri Jaimin Shah, Ld. A.R. राजस्वकीओरसे/Respondent By : Shri Abhimanyu Singh Yadav, Ld. Sr. D.R. सुनवाईकीतारीख / Date Of Hearing : 18/08/2025 घोषणाकीतारीख/Date Of Pronouncement : 19/08/2025 आदेश / Order Per Dr. Arjun Lal Saini: Captioned Appeal Filed By The Assessee, Pertaining To Assessment Order (Ay) 2016-17, Is Directed Against The Order Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Referred To As "The Act") Passed By The National Faceless Appeal Centre (Nfac), Delhi/Commissioner Of Income Tax(Appeals) (In Short "Ld.Cit(A)",Dated 12.03.2025, Which In Turn Arises Out Of An Assessment Order Passed By The Assessing Officer U/S 147 R.W.S 144 Of The Act, Dated 28.02.2024. 2. The Assessee Has Raised The Following Grounds Of Appeal:-

For Appellant: Shri Jaimin Shah, Ld. A.RFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr. D.R
Section 139Section 144Section 147Section 148Section 148ASection 210Section 250Section 271(1)(b)Section 271F

section 148A and sec. 148 of the IT Act 1961 and therefore the assessment made may please be quashed. 07. That the assessee is an agriculturist and sold the agriculture land which is exempt however without appreciating the facts, and without making further inquiry addition made as short term capital gain of Rs 66,78,350/- is against the documents