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2 results for “capital gains”+ Section 53Aclear

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Section 54B6Survey u/s 133A2

DCIT, CENTRAL CIRCLE 1, RAJKOT vs. LAJVANTIBEN RAJABHAI HINDUJA, RAJKOT

ITA 94/RJT/2024[2021-22]Status: DisposedITAT Rajkot20 May 2025AY 2021-22
For Appellant: Shri R.B. Shah, Ld. ARFor Respondent: Shri Sanjay Punglia, Ld. CIT(DR)
Section 132Section 132(4)Section 143(2)Section 143(3)Section 250

capital gain is attracted. 11. During the course of appellate proceedings, the assessee has filed written submission alongwith documentary evidences, which were already submitted before the assessing officer. The assessee has stated that she had constantly denied the receipt of the cash amount of Rs.25 Lacs before the assessing officer. The assessee had claimed that the said land was agreed

THE ITO, WARD-1(3),, JAMNAGAR vs. SHRI MALDEBHAI NARANBHAI VAROTARIA,, JAMNAGAR

In the result, the appeal filed by the Revenue is dismissed

ITA 169/RJT/2016[2012-13]Status: DisposedITAT Rajkot16 Sept 2022AY 2012-13

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 169/Rjt/2016 िनधा"रण वष"/Asstt. Years: 2012-2013 Income-Tax Officer, Shri Maldebhai Naranbhai Varotaria, Ward-1(3), Vs. Madhav Corporation, Jamnagar 3Rd Floor, Avantika Complex, Limda Lane Corner, Jamnagar.

For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri Sanjeev Jain, CIT. D.R
Section 54BSection 54B(1)

Capital Gain Tax, have been fulfilled i.e. agricultural land has been purchased within 2 years by investing gain arising on sale of land. Hence the appellant is very much eligible for exemption. The court cases cited by the appellant too are in his favour. Hence the AO is directed to allow exemption claimed by the appellant. 8 Being aggrieved