THE ASSTT. COMMR. INCOME TAX, CEN. CIRCLE-2,, RAJKOT-GUJARAT vs. M/S BACKBONE ENTERPRISES LTD.,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Tax, Central Circle-2, Vs Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 आदेश/ORDER PER BENCH:- I.T.A Nos. 129 & 150/Rjt/2015 A.Y. 2011-12 Page No 2 Backbone Enterprise Ltd. vs. DCIT

BACKBONE ENTERPRISE LTD.,,RAJKOT-GUJARAT vs. THE DY. COMMR. INCOME TAX, CEN. CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Tax, Central Circle-2, Vs Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 आदेश/ORDER PER BENCH:- I.T.A Nos. 127 & 148/Rjt/2015 A.Y. 2009-10 Page No 2 Backbone Enterprise Ltd. vs. DCIT

THE ASSTT. COMMR. INCOME TAX, CEN. CIRCLE-2,, RAJKOT-GUJARAT vs. M/S BACKBONE ENTERPRISES LTD.,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Tax, Central Circle-2, Vs Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 आदेश/ORDER PER BENCH:- I.T.A Nos. 127 & 148/Rjt/2015 A.Y. 2009-10 Page No 2 Backbone Enterprise Ltd. vs. DCIT

BACKBONE ENTERPRISE LTD.,,RAJKOT-GUJARAT vs. THE DY. COMMR. INCOME TAX, CEN. CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Tax, Central Circle-2, Vs Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 आदेश/ORDER PER BENCH:- I.T.A Nos. 126 & 147/Rjt/2015 A.Y. 2008-09 Page No 2 Backbone Enterprise Ltd. vs. DCIT

THE ASSTT. COMMR. INCOME TAX, CEN. CIRCLE-2,, RAJKOT-GUJARAT vs. M/S BACKBONE ENTERPRISES LTD.,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Tax, Central Circle-2, Vs Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 आदेश/ORDER PER BENCH:- I.T.A Nos. 126 & 147/Rjt/2015 A.Y. 2008-09 Page No 2 Backbone Enterprise Ltd. vs. DCIT

BACKBONE ENTERPRISE LTD.,,RAJKOT-GUJARAT vs. THE DY. COMMR. INCOME TAX, CEN. CIRCLE-II,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Vs Tax, Central Circle-2, Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 I.T.A Nos. 128 & 149/Rjt/2015 A.Y. 2010-11 Page No 2 Backbone Enterprise Ltd. vs. DCIT & ACIT vs. Backbone Enterprise

THE ASSTT. COMMR. INCOME TAX, CEN. CIRCLE-2,, RAJKOT-GUJARAT vs. M/S BACKBONE ENTERPRISES LTD.,, RAJKOT-GUJARAT

In the result, appeal of the assessee is dismissed

Housing Vs Tax, Central Circle-2, Board, Kalawad Road, Rajkot Rajkot (Appellant) PAN: AABCB9255E (Respondent) Assessee by: Shri D.M. Rindani, A.R. Revenue by: Shri Aarsi Prasad, CIT-D.R. Date of hearing : 06-07-2022 Date of pronouncement : 28-09-2022 I.T.A Nos. 128 & 149/Rjt/2015 A.Y. 2010-11 Page No 2 Backbone Enterprise Ltd. vs. DCIT & ACIT vs. Backbone Enterprise

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.

4. The Ld.CIT(A) allowed the same noting that the borrowing had been utilized for repaying liability pertaining to construction of Mall and not for repaying loan taken for construction.He therefore held that the loan could be said to be utilized for constructing house property, and interest paid thereon ,he held , was therefore allowable in terms of section

SHRI BHAKTINAGAR CO.-OP. HO.SOC. LTD.,RAJKOT vs. THE PR.CIT-3, RAJKOT

Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarassessment Year : 2014-15 Shri Bhaktinagar Co-Operative Vs. Pr.Cit-Iii Housing Society Ltd. Aaykar Bhavan Meghani Rang Bhavan Rajkot. Rajkot. Pan : Aaaas 2363 M अपीलाथ"/ (Appellant) "" यथ"/(Respondent) Assessee By : Shri Gautam Achary, Ld.Ar Revenue By : Shri Shramdeep Sinha, Ld.Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 10/08/2023 घोषणा क" तार"ख /Date Of Pronouncement: 08/11/2023 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-Iii, Rajkot [Hereinafter Referred To As “Ld.Pr.Cit By Exercising His Power Under Section 263 Of The Income Tax Act, 1961 ("The Act" For Short) Dated 18.2.2019 Pertaining To The Asst.Year2014-15. 2. The Grounds Raised In The Appeal Read As Under:

section 80P(2)(a)(i) and 80P(2)(c) of the Act. Therefore, the rental income received by the assessee has to be assessed as income from house property and it is not eligible for deduction u/s. BOP as held by the Kerala High Court in Kottayam Co-operative Land Mortgage Bank Ltd. v/s. CIT[1988] 172 ITR 43/40 Taman

CLASSIC NETWORKS PVT. LTD.,,RAJKOT-GUJARAT vs. THE DY. COMMR. OF INCOME TAX, CEN. CIR.2,, RAJKOT-GUJARAT

The appeals of the Revenue are dismissed for assessment years 2005-06 and 2006-07

house and demolition of OHT at Gotri Harinagar 67 Supplying and laying Dl delivery line in command area of Tandalja OHT (VMC Department) 68 Khedbrahma Ta. Chack Dam Nala Plaguing work (K- 14) Dist. Sabarkatha (GWSSB) 69 Earthwork in bank cutting for formatting including side drains between JLR-WSJ in Connection with Jetalsar Wanshjhaliya GC Project 70 PMGSY

THE ACIT, CEN. CIR.-2,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK PVT. LTD.,, RAJKOT-GUJARAT

The appeals of the Revenue are dismissed for assessment years 2005-06 and 2006-07

house and demolition of OHT at Gotri Harinagar 67 Supplying and laying Dl delivery line in command area of Tandalja OHT (VMC Department) 68 Khedbrahma Ta. Chack Dam Nala Plaguing work (K- 14) Dist. Sabarkatha (GWSSB) 69 Earthwork in bank cutting for formatting including side drains between JLR-WSJ in Connection with Jetalsar Wanshjhaliya GC Project 70 PMGSY

THE ACIT, CEN. CIR.-2,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK PVT. LTD.,, RAJKOT-GUJARAT

The appeals of the Revenue are dismissed for assessment years 2005-06 and 2006-07

house and demolition of OHT at Gotri Harinagar 67 Supplying and laying Dl delivery line in command area of Tandalja OHT (VMC Department) 68 Khedbrahma Ta. Chack Dam Nala Plaguing work (K- 14) Dist. Sabarkatha (GWSSB) 69 Earthwork in bank cutting for formatting including side drains between JLR-WSJ in Connection with Jetalsar Wanshjhaliya GC Project 70 PMGSY

CLASSIC NETWORKS PVT. LTD.,,RAJKOT-GUJARAT vs. THE DY. COMMR. OF INCOME TAX, CEN. CIR.2,, RAJKOT-GUJARAT

The appeals of the Revenue are dismissed for assessment years 2005-06 and 2006-07

house and demolition of OHT at Gotri Harinagar 67 Supplying and laying Dl delivery line in command area of Tandalja OHT (VMC Department) 68 Khedbrahma Ta. Chack Dam Nala Plaguing work (K- 14) Dist. Sabarkatha (GWSSB) 69 Earthwork in bank cutting for formatting including side drains between JLR-WSJ in Connection with Jetalsar Wanshjhaliya GC Project 70 PMGSY

THE INCOME TAX OFFICER, WARD-1 (1) (3),, RAJKOT vs. M/S. TIRUPATI AGENCIES,, RAJKOT

Appeals are dismissed

Bench: Smt.Annapurna Gupta & Ms. Madhumita Royआयकर अपील सं./I.T.A. Nos. 362 To 365/Rjt/2018 ("नधा"रण वष" / Assessment Years : 2008-09 To 2011-12) Income-Tax Officer M/S. Tirupati Agencies बनाम/ Ward-1(1)(3), Rajkot Prasang Commercial Vs. Complex, Nr. Chitralekha Apartment, 150 Ft. Ring Road, Rajkot "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacft0834H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से /Appellant By : Shri Shramdeep Sinha, Cit. D.R. ""यथ" क" ओर से / Shri Mehul Ranpura, A.R. Respondent By : सुनवाई क" तार"ख / Date Of 12/12/2022 Hearing घोषणा क" तार"ख /Date Of 22/02/2023 Pronouncement O R D E R Per Ms. Madhumita Roy - Jm: All Four Appeals At The Instance Of The Revenue Are Directed Against The Orders All Dated 05.07.2018 Passed By The Passed By The Commissioner Of Income Tax (Appeals) – 1, Rajkot (The Cit(A)), Arising Out Of The Assessment Orders All Dated 29.03.2016 Passed By The Learned Ito, Ward 1(1)(3), Rajkot Under Section

house property in the present facts and circumstances of the case. 3. ITA No. 362/Rjt/2018 for A.Y. 2008-09 is taken as the lead case. 4. The assessee filed its return of income for A.Y. 2008-09 declaring loss of Rs.10,41,951/- on 31.07.2008 which was initially processed under Section

THE INCOME TAX OFFICER, WARD-1 (1) (3),, RAJKOT vs. M/S. TIRUPATI AGENCIES,, RAJKOT

Appeals are dismissed

Bench: Smt.Annapurna Gupta & Ms. Madhumita Royआयकर अपील सं./I.T.A. Nos. 362 To 365/Rjt/2018 ("नधा"रण वष" / Assessment Years : 2008-09 To 2011-12) Income-Tax Officer M/S. Tirupati Agencies बनाम/ Ward-1(1)(3), Rajkot Prasang Commercial Vs. Complex, Nr. Chitralekha Apartment, 150 Ft. Ring Road, Rajkot "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacft0834H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से /Appellant By : Shri Shramdeep Sinha, Cit. D.R. ""यथ" क" ओर से / Shri Mehul Ranpura, A.R. Respondent By : सुनवाई क" तार"ख / Date Of 12/12/2022 Hearing घोषणा क" तार"ख /Date Of 22/02/2023 Pronouncement O R D E R Per Ms. Madhumita Roy - Jm: All Four Appeals At The Instance Of The Revenue Are Directed Against The Orders All Dated 05.07.2018 Passed By The Passed By The Commissioner Of Income Tax (Appeals) – 1, Rajkot (The Cit(A)), Arising Out Of The Assessment Orders All Dated 29.03.2016 Passed By The Learned Ito, Ward 1(1)(3), Rajkot Under Section

house property in the present facts and circumstances of the case. 3. ITA No. 362/Rjt/2018 for A.Y. 2008-09 is taken as the lead case. 4. The assessee filed its return of income for A.Y. 2008-09 declaring loss of Rs.10,41,951/- on 31.07.2008 which was initially processed under Section

THE INCOME TAX OFFICER, WARD-1 (1) (3),, RAJKOT vs. M/S. TIRUPATI AGENCIES,, RAJKOT

Appeals are dismissed

Bench: Smt.Annapurna Gupta & Ms. Madhumita Royआयकर अपील सं./I.T.A. Nos. 362 To 365/Rjt/2018 ("नधा"रण वष" / Assessment Years : 2008-09 To 2011-12) Income-Tax Officer M/S. Tirupati Agencies बनाम/ Ward-1(1)(3), Rajkot Prasang Commercial Vs. Complex, Nr. Chitralekha Apartment, 150 Ft. Ring Road, Rajkot "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacft0834H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से /Appellant By : Shri Shramdeep Sinha, Cit. D.R. ""यथ" क" ओर से / Shri Mehul Ranpura, A.R. Respondent By : सुनवाई क" तार"ख / Date Of 12/12/2022 Hearing घोषणा क" तार"ख /Date Of 22/02/2023 Pronouncement O R D E R Per Ms. Madhumita Roy - Jm: All Four Appeals At The Instance Of The Revenue Are Directed Against The Orders All Dated 05.07.2018 Passed By The Passed By The Commissioner Of Income Tax (Appeals) – 1, Rajkot (The Cit(A)), Arising Out Of The Assessment Orders All Dated 29.03.2016 Passed By The Learned Ito, Ward 1(1)(3), Rajkot Under Section

house property in the present facts and circumstances of the case. 3. ITA No. 362/Rjt/2018 for A.Y. 2008-09 is taken as the lead case. 4. The assessee filed its return of income for A.Y. 2008-09 declaring loss of Rs.10,41,951/- on 31.07.2008 which was initially processed under Section

THE INCOME TAX OFFICER, WARD-1 (1) (3),, RAJKOT vs. M/S. TIRUPATI AGENCIES,, RAJKOT

Appeals are dismissed

Bench: Smt.Annapurna Gupta & Ms. Madhumita Royआयकर अपील सं./I.T.A. Nos. 362 To 365/Rjt/2018 ("नधा"रण वष" / Assessment Years : 2008-09 To 2011-12) Income-Tax Officer M/S. Tirupati Agencies बनाम/ Ward-1(1)(3), Rajkot Prasang Commercial Vs. Complex, Nr. Chitralekha Apartment, 150 Ft. Ring Road, Rajkot "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aacft0834H .. (अपीलाथ" /Appellant) (""यथ" / Respondent) अपीलाथ" ओर से /Appellant By : Shri Shramdeep Sinha, Cit. D.R. ""यथ" क" ओर से / Shri Mehul Ranpura, A.R. Respondent By : सुनवाई क" तार"ख / Date Of 12/12/2022 Hearing घोषणा क" तार"ख /Date Of 22/02/2023 Pronouncement O R D E R Per Ms. Madhumita Roy - Jm: All Four Appeals At The Instance Of The Revenue Are Directed Against The Orders All Dated 05.07.2018 Passed By The Passed By The Commissioner Of Income Tax (Appeals) – 1, Rajkot (The Cit(A)), Arising Out Of The Assessment Orders All Dated 29.03.2016 Passed By The Learned Ito, Ward 1(1)(3), Rajkot Under Section

house property in the present facts and circumstances of the case. 3. ITA No. 362/Rjt/2018 for A.Y. 2008-09 is taken as the lead case. 4. The assessee filed its return of income for A.Y. 2008-09 declaring loss of Rs.10,41,951/- on 31.07.2008 which was initially processed under Section

ANILBHAI CHUNILAL BHAYANI,,OKHA vs. INCOME TAX OFFICER, WARD-1(4),, DWARKA

In the result, both appeals of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice- & Shri Amarjit Singhआयकर अपील सं./ Ita.No.363/Rjt/2017 "नधा"रण वष"/ Asstt. Year: 2013-14 Anilbhai Chunilal Bhayani Ito, Ward-1(4) C/O. J.C. & Co., Dwarka. Vs Okha Port, Okha – 361 350. Pan : Abvpb 6284 D

house property of Rs. 1,05,788/-. However, Hon. CIT(A) confirm the disallowance of Rs. 4,97,284/-. Hon. CIT(A) has not allowed deduction of expenses from professional fees earned and interest on capital from partnership firm. Appellant's contention; 4. With respect to the deduction of expenses from interest on capital we submit that that income received