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5 results for “house property”+ Section 50Cclear

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Key Topics

Section 50C12Section 1487Section 143(3)5Addition to Income5Section 1474Section 50C(2)2Section 69C2Section 1442Natural Justice2Long Term Capital Gains

VISHAL NAVINCHANDRA SHAH,JAMNAGAR vs. OFFICE OF THE COMMISSIONER OF INCOME TAX, APPEAL, BHUBANESWAR

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

ITA 482/RJT/2025[2013-14]Status: DisposedITAT Rajkot12 Feb 2026AY 2013-14

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

For Appellant: Shri Ankit Savla, Ld. ARFor Respondent: Shri Dheeraj Kumar Gupta, Ld. Sr. DR
Section 143(3)Section 50CSection 50C(2)

House Property, Capital Gains and Other Sources. The Appellant e-Filed Return of Income for A.Y. 2013-14 on 29.09.2013 declaring income of Rs. 15, 15,940/-. Appellants case was selected for Assessment Proceedings under Section 143(3) for A.Y. 2013-14. During the Course of Assessment, Learned Assessing Officer came to know that the appellant had sold two properties

SHRI JAY ATULBHAI MODY ,RAJKOT vs. THE INCOME TAX OFFICER, WARD-2 (2) (3),, RAJKOT

2
House Property2

In the result appeal of the assessee is hereby partly allowed

ITA 240/RJT/2017[2007-08]Status: DisposedITAT Rajkot16 Nov 2022AY 2007-08

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmed, आयकर अपील सं./Ita No. 240/Rjt/2017 िनधा"रण वष"/Asstt. Years: 2007-2008 Shri Jay Atulbhai Mody, I.T.O., “Pankaj”, Jalaram-3, Vs. Ward-2(2)(3), Street No.2, Rajkot. Near Indira Circle, University Road, Rajkot.

For Appellant: Shri R.M. Rindani, A.RFor Respondent: Shri Sanjay Punglia, CIT. D.R
Section 142(1)Section 144Section 147Section 148Section 50C

house and ultimately inherited by him on untimely death of his sister. However, his father in order to protect the property from the creditor of the assessee, made a proposal to the transfer the impugned property in the name of his (assessee’s) mother Smt. Ilaben A. Modi. Accordingly, the impugned property was transferred to his mother through sale deed

RANCHODBHAI KARAMSHIBHAI DHAMI,RAJKOT vs. ITO, WARD-1(2)(2), RAJKOT, RAJKOT

The appeal of the assessee is allowed for statistical purposes

ITA 431/RJT/2024[2012-2013]Status: DisposedITAT Rajkot20 Jan 2025AY 2012-2013

Bench: Dr. Arjun Lal Saini, Am. & Diesh Mohan Sinha, Jm आयकरअपीलसं./Ita No. 431/Rjt/2024 ("नधा"रणवष" / Assessment Year: (2012-13) (Hybrid Hearing) Ranchodbhai Karamshibhai Dhami. Vs. Ito Ward-1(2)(2), Rajkot. M. N. Manvar & Co. Ca, 504, Star Plaza, Nr. Circuit House, Phulchhab Chowk, Rajkot. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabts8458H (Appellant) (Respondent) Appellant By : Shri M. N. Manvar, Ld. Ar Respondent By : Shri Abhimanyu Singh Yadav, Ld. Sr. Dr Date Of Hearing : 19/ 12/2024 Date Of Pronouncement : 20 /01/2025 आदेश / O R D E R Per Dinesh Mohan Sinha, Jm: Captioned Appeal Filed By The Assessee Is Directed Against The Order Passed By The National Faceless Appeal Centre [(In Short “Nfac/Ld.Cit(A)”] Vide Order Dated 01/05/2024, Which In Turn Assessment Order Passed By Ld. Assessing Officer U/S 143(3) R.W.S. 147 Of The Income Tax Act, 1961 (In Short “The Act”). 2. Grounds Of Appeal Raised By The Assessee Are As Followed: 1). Cit(A)-Nfac Erred In Law & Facts In Confirming The Addition Of Short Term Capital Gain Made By Ao Rs. 29,56,695/- U/S 50C Of The Income Tax Act, 1961 (The Act) For The Income In The Nature Of Business

For Appellant: Shri M. N. Manvar, Ld. ARFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr. DR
Section 143(3)Section 147Section 50C

House, Phulchhab Chowk, Rajkot. "थायीलेखासं./जीआइआरसं./PAN/GIR No.: AABTS8458H (Appellant) (Respondent) Appellant by : Shri M. N. Manvar, Ld. AR Respondent by : Shri Abhimanyu Singh Yadav, Ld. Sr. DR Date of Hearing : 19/ 12/2024 Date of Pronouncement : 20 /01/2025 आदेश / O R D E R PER DINESH MOHAN SINHA, JM: Captioned appeal filed by the assessee is directed against the order

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

ITA 137/RJT/2016[2012-13]Status: DisposedITAT Rajkot28 Feb 2020AY 2012-13

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

For Appellant: Shri M.N. Maurya, CIT. D.RFor Respondent: Shri M.J. Ranpura, A.R
Section 133ASection 69C

property, quality of construction, quantum of material, and other amenities etc. used in the construction. In fact the jantri rates are prescribed for the purpose of collection of stamp duty and are for deemed fair market value on given date and not for any other purpose. Jantri rates are common for a small house as well as for a luxurious

SHRI HARESH JADAVJI GHADIA,RAJKOT vs. THE INCOME TAX OFFICER, WARD-5(1),, RAJKOT

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

ITA 59/RJT/2019[2006-17]Status: DisposedITAT Rajkot28 Sept 2022AY 2006-17

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2006-07

For Appellant: Written SubmissionFor Respondent: Shri B.D. Gupta, DR
Section 50C

section 50C which he described wrongly. The addition needs deletion Assessment Year: 2006-07 Page 2 of 4 4. The Ld. CIT(A) has erred in law and facts in confirming addition of Rs.3,47,300/- based on presumption and surmises and against the settled position. The addition needs deletion. 5. The Ld. CIT(A) has erred