THE DY. COMMR. OF INCOME TAX, CIR.-1(1), RAJKOT-GUJARAT vs. M/S ARYAN ARCADE PVT. LTD.,, RAJKOT-GUJARAT

In the result, appeal of the Revenue is dismissed

Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarasstt.Year :2012-13 Dcit, Cir.1(1) M/S.Aryan Arcade P.Ltd. Rajkot. Vs C/O. Milestone Property Mg Basement Grant Central Mall Rajkot.

addition made by the AO on account of interest expenses u/s.24(b) of Rs.7,28,00,166/- 3 6. The Ld.DR argued that the assesses claim to deduction of interest u/s 24(b) of the Act was untenable in law since the interest was paid not on borrowing utilized for constructing the house property rental income

SHRI NITINBHAI T. BHUPTANI, L.I.C,RAJKOT-GUJARAT vs. THE DY. COMMR. OF INCOME TAX, CIR.-4,, RAJKOT-GUJARAT

In the result appeals of the assessee are partly allowed

Bench: Shri Pramod Kumar, Accountatn Member & Shri Rajpal Yadavआयकर अपील सं./ Ita No. 13/Rjt/2016 & 14/Rjt/2016 & 182/Rjt/2017 "नधा"रण वष"/Asstt. Year: 2010-2011, 2011-12 & 2012-13

house property income then after examination he would decide the issue in accordance with law. 19. Ground No. 5 in A.Y. 2012-13:- This issue has been discussed by the Ld. CIT(A) as under:- The AO had made addition

PANKAJKUMAR CHIMANLAL LODHIYA,RAKJOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

income.\n15.\nDuring the penalty proceedings, the assessee submitted following return\nsubmission before the assessing officer, which is reproduced below:\n“11. Further, as regard the proposal to levy penalty on addition made of Rs.\n1,80,000/-. On account of deemed rent from house property

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJI KHIMJI PATEL,,BHUJ vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRASL CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

SHRI LALJIBHAI KHIMJIBHAI PATEL,,BHUJ vs. THE INCOME TAX OFFICER, WARD-2,, BHUJ

In the result, appeal of the assessee is partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Waseem Ahmed Hon’Ble

addition of Rs.9,000/- reads as under: “(8.0) It is also seen that, the assessee has shown rent receipt of Rs 30,000/- from Kenson Sales Corporation. However, in spite of repeated reminders, the assessee has not furnished books of accounts like balance sheet, profit and loss a/c, capital a/c etc. Absence of books of accounts, house property income

PANKAJ CHIMANLAL LODHIYA,RAJKOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

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

income. 15. During the penalty proceedings, the assessee submitted following return submission before the assessing officer, which is reproduced below: "11. Further, as regard the proposal to levy penalty on addition made of Rs. 1,80,000/-. On account of deemed rent from house property

PANKAJKUMAR CHIMANLAL LODHIYA,RAJKOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं/.Ita No.76 To 80/Rjt/2022 निर्धारणवर्ष /Assessment Year: 2008-09 To 2012-13 & आयकर अपीलसं/.Ita No. 81/Rjt/2022 निर्धारणवर्ष /Assessment Year: 2014-15 Shri Pankaj Chimanlal Lodhiya 3Rd Floor, Parth, Diwanpara Main Road, Rajkot-3600 001 Pan: Aampl 3903 F (अपीलार्थी/Assessee) बनाम Vs. Assistant Commissioner Of Income-Tax, Central Circle-2 Rajkot, 2Nd Floor, Amruta Estate, M.G. Rad, Rajkot-360 001 (प्रत्यर्थी/Respondent) निर्धारिती की ओर से/Assessee By : Shri Mehul Ranpura, Ar राजस्व की ओर से/Revenue By : Shri Sanjay Punglia, Cit-Dr सुनवाई की तारीख/Date Of Hearing घोषणा की तारीख/Date Of Pronouncement : 05/03/2025 : 30/04/2025 Order Per Bench, Captioned Six Appeals Filed By The Assessee, Pertaining To The Assessment Years (Ays) 2008-09 To 2012-13 & Ay 2014-15, Are Directed Against The Separate Orders Passed By The Learned Commissioner Of Income Tax (Appeals), (“Ld.Cit(A)” For Short) Under Section 250 Of The Income Tax Act, 1961 (“The Act" For Short), Which In Turn Arise Out Of Separate Penalty Orders, Passed By The Assessing Officer U/S 271(1)(C) & 271Aab(1)(C) Of The Act.

income. 15. During the penalty proceedings, the assessee submitted following return submission before the assessing officer, which is reproduced below: “11. Further, as regard the proposal to levy penalty on addition made of Rs. 1,80,000/-. On account of deemed rent from house property

PANKAJKUMAR CHIMANLAL LODHIYA,RAJKOT vs. THE ACTIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं/.Ita No.76 To 80/Rjt/2022 निर्धारणवर्ष /Assessment Year: 2008-09 To 2012-13 & आयकर अपीलसं/.Ita No. 81/Rjt/2022 निर्धारणवर्ष /Assessment Year: 2014-15 Shri Pankaj Chimanlal Lodhiya 3Rd Floor, Parth, Diwanpara Main Road, Rajkot-3600 001 Pan: Aampl 3903 F (अपीलार्थी/Assessee) निर्धारिती की ओर से/Assessee By : Shri Mehul Ranpura, Ar राजस्व की ओर से/Revenue By : Shri Sanjay Punglia, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 05/03/2025 घोषणा की तारीख/Date Of Pronouncement : 30/04/2025 Order Per Bench, Captioned Six Appeals Filed By The Assessee, Pertaining To The Assessment Years (Ays) 2008-09 To 2012-13 & Ay 2014-15, Are Directed Against The Separate Orders Passed By The Learned Commissioner Of Income Tax (Appeals), (“Ld.Cit(A)” For Short) Under Section 250 Of The Income Tax Act, 1961 (“The Act" For Short), Which In Turn Arise Out Of Separate Penalty Orders, Passed By The Assessing Officer U/S 271(1)(C) & 271Aab(1)(C) Of The Act.

income. 15. During the penalty proceedings, the assessee submitted following return submission before the assessing officer, which is reproduced below: "11. Further, as regard the proposal to levy penalty on addition made of Rs. 1,80,000/-. On account of deemed rent from house property

SMT. MEENABEN KETANKUMAR MAKIM,JAMNAGAR vs. THE PR, CIT, JAMNAGAR, JAMNAGAR

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

Bench: Shri Waseem Ahmed & Shri T.R Senthil Kumar

addition to the above, it is also observed that the assessee has ' shown interest income of Rs.3,07,515/- but no details of interest income has been called by the AO. On. perusal of the records, it is also seen that the assessee has claimed interest expenses of Rs.1,66,427/- against the house property

SOPAN DEVELOPERS,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 Nautiyalआयकर अपील सं./I.T.A. No.96/Rjt/2022 ("नधा"रण वष" / Assessment Year 2017-18)

income from house property on notional basis under section 22 read with section 23 of the Act but the assessee has not done so. According to the Ld. PCIT, this fact was not verified by the AO during the assessment proceedings. Accordingly, the Ld.PCIT initiated the proceedings under section 263 of the Act vide show cause notice dated 13 January

SHRI SANJAYBHAI GORDHANBHAI JAKSANIA,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2 ,, RAJKOT-GUJARAT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Income-tax Act, 1961at the premises of the firm and the partners a statement of the assessee' under section 132(4) was recorded. The assessee disclosed an unaccounted investment in house property at Rs. 4 lakhs, unaccounted cash of Rs. 1 lakh, unaccounted investment in furniture of Rs. 1 lakh, unaccounted investment in gold ornaments of Rs. 1 lakh. After

SHRI GHANSHYAMBHAI GORDHANBHAI JAKSANIA,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, RAJKOT-GUJARAT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

Income-tax Act, 1961at the premises of the firm and the partners a statement of the assessee' under section 132(4) was recorded. The assessee disclosed an unaccounted investment in house property at Rs. 4 lakhs, unaccounted cash of Rs. 1 lakh, unaccounted investment in furniture of Rs. 1 lakh, unaccounted investment in gold ornaments of Rs. 1 lakh. After