SHRI SHASHIKANT BHAGVANJIBHAI RAJPARA,RAJKOT vs. THE PR. CIT-1, RAJKOT, RAJKOT

In the result, the appeal of the assessee is allowed

Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarassessment Year :2017-18 Shashikant Bhavajjibhai Rajpara Vs. The Pr.Cit-1 409, Aadarsh Plaza, Rajkot. 150 Ft. Ring Road Rajkot. Pan : Abipr 9935 Q अपीलाथ"/ (Appellant) "" यथ"/(Respondent) Assessee By : Shri D.M. Rindani, Ld.Ar Revenue By : Shri Shramdeep Sinha, Ld.Cit(Dr) सुनवाई क" तार"ख/Date Of Hearing : 13/03/2023 घोषणा क" तार"ख /Date Of Pronouncement: 22/03/2023 आदेश/O R D E R Per Annapurna Guptapresent Appeal Has Been Filed By The Assessee Against Order Passed By The Ld.Pr.Commissioner Of Income Tax-I, Rajkot [Hereinafter Referred To As “Ld.Pr.Cit Under Section 263 Of The Income Tax Act, 1961 ("The Act" For Short) Dated 7.2.2022 Pertaining To The Asst.Year2017-18. 2. The Grounds Raised By The Assessee In Appeal Are As Under: “1. The Learned Principal Commissioner Of Income-Tax - Rajkot -1, Rajkot Erred In Assuming Jurisdiction U/S 263 Of The Act, Particularly In The Light Of Reasons Stated By Him In The Show Cause Notice & In The Order Passed U/S 263 Of The Act & Hence The Impugned Order Is Bad In Law. 2. The Learned Principal Commissioner Of Income-Tax, Rajkot - 1, Rajkot Erred In Setting Aside The Assessment Order Framed U/S 143(3)Of The Act By Holding That The Ao Has Not Properly Examined The Facts Of The Case In 2

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession". 6. The ld.DR however supported the order of the ld.Pr.CIT. 7. We have considered the above contentions made

DCIT, CENTRAL CIRCLE 1, RAJKOT, RAJKOT vs. JAGJIVAN RANCHHODBHAI SAKHIYA, RAJKOT

In the result, both the appeals of the revenue, are dismissed

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

Capital Gain of Rs. 34,95,274/-, Other income of Rs. 66,940/- and deduction as per Chapter VI-A of Rs. 1,91,000/-. On 27-09-2021, the income of the assessee has been assessed at Rs. 7,29,10,595/-. A Search, Seizure and Survey action was carried out by the office of DDIT (Inv.), Unit

DCIT, CENTRAL CIRCLE 1, RAJKOT, RAJKOT vs. SHRI JAGJIVAN RANCHHODBHAI SAKHIYA, RAJKOT

In the result, both the appeals of the revenue, are dismissed

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

Capital Gain of Rs. 34,95,274/-, Other income of Rs. 66,940/- and deduction as per Chapter VI-A of Rs. 1,91,000/-. On 27-09-2021, the income of the assessee has been assessed at Rs. 7,29,10,595/-. A Search, Seizure and Survey action was carried out by the office of DDIT (Inv.), Unit

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

section 124(3)(b) of the I.T. Act, 1961 in terms of which jurisdiction of an Assessing Officer cannot be called in question by on assessee after expiry of one month from date on which he was served with a notice for reopening assessment under section 148 of the I.T Act.\n2. Thee learned CIT(A)-1 has erred