THE ITO, WARD-2(2),, JAMNAGAR vs. SMT. SHITALBEN SAURABH VORA,, JAMNAGAR

Appeal of the assessee is dismissed

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./I.T.A. No.262-263/Rjt/2018 ("नधा"रण वष" / Assessment Years: 2012-13 & 2013-14) बनाम/ M/S.Surendranagar District D.C.I.T, Co-Op. Milk Producers Surendranagar Circle, Vs. Union Ltd. Surendranagar. Wadhwan City, Surendranagar "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaas8375B (अपीलाथ" /Appellant) .. (""यथ" / Respondent) अपीलाथ" ओर से / Appellant By : Shri Kalpesh Doshi, A.R ""यथ" क" ओर से/Respondent By : Shri Jitender Kumar, Dr सुनवाई क" तार"ख / Date Of Hearing 17/09/2019 घोषणा क" तार"ख /Date Of Pronouncement 20/09/2019 आदेश / O R D E R Per Waseem Ahmed: The Captioned Appeals Have Been Filed At The Instance Of The Assessee Against The Separate Orders Of The Learned Commissioner Of Income Tax (Appeals)-7, Ahmedabad [Ld. Cit(A) In Short] Of Even Dated 12/01/2018, Arising In The Matter Of Assessment Order Passed Under 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As "The Act") Dated 26/03/2015 Relevant To Assessment Years (A.Ys) 20012-13 & 2013-14. Ita Nos.262-263/Rjt/2018 A.Y.S 2012-13 To 2013-14 First, We Take Up Ita No. 262/Rjt/2018 For A.Y. 2013-14

1)(va) of the Act i.e. date by which the concerned assessee was required as an employer to credit employees' contribution to the employees' account in the Provident Fund under the Provident Fund Act and/or in the ESI Fund under the ESI Act.” In view of the above, we don’t find any reason to interfere in the finding

SHRI MANSHUKH K. KUMBHANI,AMRELI vs. THE PR.CIT-3, RAJKOT

In the result, the appeal of the assessee is dismissed

Bench: Shri Waseem Ahmed (Accountant Member), Shri Siddhartha Nautiyal (Judicial Member)

1,14,69,025/- under section 50C of the Act and " 20 lakhs was disallowed from the deduction claimed under

M/S RADHE RENEWABLE ENERGY DEVELOPMENT PVT. LTD.,,RAJKOT-GUJARAT vs. THE ASSTT. COMMR. INCOME TAX, CIRCLE-5,, RAJKOT-GUJARAT

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

disallowance of interest expense is warranted. Accordingly, we do not find any infirmity in the order of the Ld. CIT(A). Hence, the ground of appeal of the Revenue is hereby dismissed. 33. The next issue raised by the Revenue is that the Ld. CIT(A) erred in deleting the addition made by the Assessing Officer on account of Long

RADHE RENEWABLE ENERGY DEVELOPMENT PVT LTD,RAJKOT vs. THE PCIT, RAJKOT-1, RAJKOT, RAJKOT

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

disallowance of interest expense is warranted. Accordingly, we do not find any infirmity in the order of the Ld. CIT(A). Hence, the ground of appeal of the Revenue is hereby dismissed. 33. The next issue raised by the Revenue is that the Ld. CIT(A) erred in deleting the addition made by the Assessing Officer on account of Long

THE DEPUTY COMMR. INCOME TAX, CIRCLE-1(2),, RAJKOT vs. M/S RADHE RENEWABLE ENERGY DEVELOPMENT PVT. LTD.,, RAJKOT

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

disallowance of interest expense is warranted. Accordingly, we do not find any infirmity in the order of the Ld. CIT(A). Hence, the ground of appeal of the Revenue is hereby dismissed. 33. The next issue raised by the Revenue is that the Ld. CIT(A) erred in deleting the addition made by the Assessing Officer on account of Long

THE DY. COMMR. OF INCOME TAX, CIRCLE-1(1),, RAJKOT-GUJARAT vs. M/S. RADHE RENEWABLE ENERGY DEVELOPEMENT PVT. LTD.,, RAJKOT-GUJARAT

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

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

disallowance of interest expense is warranted. Accordingly, we do not find any infirmity in the order of the Ld. CIT(A). Hence, the ground of appeal of the Revenue is hereby dismissed. 33. The next issue raised by the Revenue is that the Ld. CIT(A) erred in deleting the addition made by the Assessing Officer on account of Long

SHRI SHARAD M. KUMBHANI,AMRELI vs. THE PR. CIT-3, RAJKOT

In the result, the appeal filed by the Assessee is allowed for statistical purposes

Bench: The Sro, Rajula Vide Document No. 578/2014 On 07.04.2014 For A Sale Consideration Of Rs. 1,37,24,875/-. However, The Sro, Rajula Has Assessed/Valued The Said Land For Rs. 2,51,93,900/- As Per Jantry/Guideline Value & Stamp Duty. Therefore The Difference Between The Jantry Value & The Sale Consideration Is Of Rs. 1,14,69,025/- Should Be Added As Income As Per Section 50C Of The Act.

1,14,69,025/- should be added as income as per Section 50C of the Act. 2.1. Further verification of the computation of income and claim of deduction u/s 54B of the Act, the assessee has made payment of Rs. 40 lakhs in the financial year 2014-15 for the purchase of the new property valued at Rs. 60 lakhs

THE ITO, WARD-2 (1) (4),, RAJKOT-GUJARAT vs. M/S JAGJIT BUILDERS AND DEVELOPERS,, RAJKOT-GUJARAT

In the result the appeal filed by the revenue is dismissed

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./I.T.A. No.137/Rjt/2016 ("नधा"रण वष" / Assessment Year :2012-13) I.T.O, बनाम/ M/S Jagjit Builders & Ward-2(1), Developers, Vs. Rajkot. Ankur Apts., Dr. Floor, Aadarsh Society, B/H Ioc Bhavan, Race Course Ring Road, Rajkot. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadfj9480A (अपीलाथ" /Appellant) (""यथ" / Respondent) .. अपीलाथ" ओर से / Appellant By : Shri M.N. Maurya, Cit. D.R ""यथ" क" ओर से/Respondent By : Shri M.J. Ranpura, A.R सुनवाई क" तार"ख / Date Of Hearing 27/02/2020 घोषणा क" तार"ख /Date Of Pronouncement 28/02/2020 आदेश / O R D E R Per Bench: The Captioned Appeal Has Been Filed At The Instance Of The Revenue Against The Order Of The Learned Commissioner Of Income Tax (Appeals)- 2, Rajkot [Ld. Cit(A) In Short] Dated 25/02/2016, Arising In The Matter Of Assessment Order Passed Under S. 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As "The Act") Dated 27/02/2015 Relevant To Assessment Years (A.Y.) 2012-13. A.Y. 2012-13 The 1St Issue Raised By The Revenue Is That The Learned Cit (A) Erred In 2. Deleting The Addition Made By The Ao For Rs. 10,20,62,695/- On Account Of Unexplained Expenditure Under Section 69C Of The Act

1,253/- per square feet. The view of the AO was based on the Jantri rate issued by the superintendent of the stamps Gandhinagar Gujarat which is suggesting the rate at Rs.1,253/- per square feet. Accordingly the AO was of the view that the assessee has shown less cost of construction in its books of accounts by Rs.763

YASMEEN WASEEM PARMAR ,JAMNAGAR vs. THE PR. CIT , JAMNAGAR

Bench: Dr. A. L. Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No.194/Rjt/2024 Assessment Year: (2013-14) (Physical Hearing) Yasmeen Waseem Parmar, Vs. Principal Commissioner Of Bawa No Delo, Opp. Old Post Income Tax, Office, Nagarpara Main Road, Jamnagar O/S. Khambhaliya Gate, Jamnagar, Gujarat-361001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aijph3607F (Assessee) (Respondent)

50C of the Act. ITA.194/Rjt/2024/AY.2013-14 Yasmeen Waseem Parmar (ii).Sale consideration should be taken at Rs. 67,53,857/- (being share @9.27%), as against Rs. 50,63,325/- (share @6.95%), taken by the assessee. (iii) As per the DVO, Rajkot's report dated 27.10.2023, the purchase cost should be taken at Rs. 84,357/-, as on 01/04/1981, as against

KISHOR K KASTA,PORBANDAR vs. INCOME TAX OFFICER, WARD 2(4),, PORBANDAR

In the result, the appeal filed by the assessee is partly allowed, in above terms

Bench: Dr. Arjun Lal Sainiआयकरअपीलसं./Ita No. 892/Rjt/2025 "नधा"रणवष"/Assessment Year: (2015-16) Kishor K. Kasta Vs. Ito Ward-2(4), R. K. Jetty, Plot Vistar, Okha Porbandar - 361350 Porbandar (Guj) – 361350 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Awbpk9704A (Assessee) (Respondent)

1. Ld. AO as well as CIT(Appeals) has erred in not considering the bills and ledgers for deduction of cost of improvement produced by the assessee during the appellate stage and taking view that the assessee has failed to produce bank account statement that corroborate these bills and ledger accounts particularly when the payment was made in cash. Kishor