M/S. SARJU VITRIFIED PVT. LTD.,MORBI-363641 vs. THE PR. CIT-1, RAJKOT, RAJKOT

In the result, the appeal of the assessee is allowed

263", "Section 68", "Section 143(3)", "Section 115BBE" ], "issues": "Whether the assessment order was erroneous and prejudicial

LATE SMT. PRITI A. GANDHI L/R. SHRI ANILBHAI A. GANDHI, RAJKOT,RAJKOT vs. THE PR. CIT-1, RAJKOT, RAJKOT

sections": [ "263", "244A", "68", "10(38)", "24" ], "issues": "Whether the PCIT's revisionary order under Section 263 was justified

M/S. GREEN EARTH BIOGAS PVT. LTD.,SURENDRANAGAR vs. THE PR. CIT-3, AHMEDABAD, AHMEDABAD

In the result, appeal filed by the assessee is dismissed

263", "Section 143(3)", "Section 40A(3)", "Section 36(1)(iii)", "Section 43(1)", "Section 270A", "Section 270A(10b)", "Section 80JJA", "Section 68

HANSA JITENDRA HARIA,JAMNAGAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAMNAGAR

In the result, the appeal of the assessee is dismissed

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No.104/Rjt/2024 ("नधा"रण वष" / Assessment Year: (2013-14) (Hybrid Hearing) Hansa Jitendra Haria Vs. Principal Commissioner Of 2, Oswal Colony, Near Rajendra Income Tax Balkrindagan, Jamnagar, Gujarat Jamnagar 361005. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aahph4309L (Assessee) (Respondent)

section 263 of the Act, 1961, Therefore, I intend to revise the order passed by the AO u/s 147 rws 1448 of the Act dated 30/03/2022 for the AY 2013-14. 8. Under the circumstances, you are requested to show cause as to why the order u/s 147 rws 144B of the Act dated 30/03/22

BHANUBEN MANSUKHLAL KHIMASIYA,JAMNAGAR vs. OFFICE OF PRINCIPAL COMMISSIONER OF INCOME-TAX, JAMNAGAR, JAMNAGAR

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

section 263 of the Act." ii. On April 28, 2011, the assessee acquired shares of Kyra Landscapes Limited (formerly known as Aricent Infra Limited) via an off-market transaction facilitated by a brokerage firm. No monetary payment was rendered by the assessee towards the acquisition of the shares as the purchase was financed through the credit balance maintained/created with

JAYESH KHIMJI KHIMASIYA HUF,JAMNAGAR vs. OFFICE OF PRINCIPAL COMMISSIONER OF INCOME-TAX, JAMNAGAR, JAMNAGAR

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

section 263 of the Act." ii. On April 28, 2011, the assessee acquired shares of Kyra Landscapes Limited (formerly known as Aricent Infra Limited) via an off-market transaction facilitated by a brokerage firm. No monetary payment was rendered by the assessee towards the acquisition of the shares as the purchase was financed through the credit balance maintained/created with

MANSUKHLAL KHIMJI KHIMASIYA,JAMNAGAR vs. OFFICE OF PRINCIPAL COMMISSIONER OF INCOME-TAX, JAMNAGAR, JAMNAGAR

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

section 263 of the Act." ii. On April 28, 2011, the assessee acquired shares of Kyra Landscapes Limited (formerly known as Aricent Infra Limited) via an off-market transaction facilitated by a brokerage firm. No monetary payment was rendered by the assessee towards the acquisition of the shares as the purchase was financed through the credit balance maintained/created with

MANSUKHLAL KHIMJI KHIMASIYA HUF,JAMNAGAR vs. OFFICE OF PRINCIPAL COMMISSIONER OF INCOME-TAX, JAMNAGAR, JAMNAGAR

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

section 263 of the Act." ii. On April 28, 2011, the assessee acquired shares of Kyra Landscapes Limited (formerly known as Aricent Infra Limited) via an off-market transaction facilitated by a brokerage firm. No monetary payment was rendered by the assessee towards the acquisition of the shares as the purchase was financed through the credit balance maintained/created with

BABUBHAI KANJIBHAI SAKARIYA LEGAL HEIR OF LATE SMT. UJIBEN KANJIBHAI SAKARIYA,JETPUR vs. ITO WARD 1(2)(1), RAJKOT, RAJKOT

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

68\"\n24.\nOur view is further fortified by the judgement of the Hon'ble High Court of\nCalcutta in the case of Kaushalya Dealers (P.) Ltd, [2023] 147 taxmann.com 526\n(Calcutta), wherein, on identical facts, as that of assessee, the revision order passed\nby the ld. PCIT, under section 263

SHRI CHANDUBHAI RAMJIBHAI KAQTHIRIYA,JASDAN, DIST. RAJKOT-364490 vs. THE PR. CIT-1, RAJKOT, RAJKOT

In the result, the appeal of the assessee is allowed

Bench: Or At The Time Of Hearing Of Appeal.”

section 68 r.w.s. 115 BBE of the Act. Therefore, in our view it is not a case where the AO had not made due enquiries and also not the case where the AO had not applied his mind during the course of assessment proceedings on the issue in hand. Regarding the scope of proceedings u/s 263

M/S. PERTH CERAMIC PVT. LTD.,MORBI vs. THE PR. CIT-3, RAJKOT, RAJKOT

In the result, appeal filed by assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 191/Rjt/2019 िनधा"रण वष"/Asstt. Years: 2015-2016 M/S. Perth Ceramic Pvt. Ltd., The Principal Commissioner Of At. Unchi Mandal, Vs. Income Tax-3, Opp. 66 Kva Sub Station, Rajkot. Morbi-363641. Pan: Aahcp6296P

section 68 of the Acting respect of share capital of Rs. 15,15,02,000/- out of total of Rs.19,99,00,000/- and thereby setting aside the order passed u/s. 143(3) of the Act dated 22.12.17. The order passed u/s 263

M/S. ICONIC INFRABUILD LLP,RAJKOT vs. THE PR. CIT- CENTRAL, AHMEDABAD, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Smt.Annapurna Gupta & Smt.Madhumita Royassessment Year : 2015-16 Iconic Infrabuild Llp The Pr.Cit, Central 75, Nandkishor Ahmedabad. University Road Gangotri Park Opp: Bts, Rajkot. Pan : Aaifc 5100 F (Applicant) (Responent)

263 of the Act being in violation of the principles of natural justice is not sustainable in law, and is directed to be quashed on this count alone. 9. Having held so, the ld.counsel for the assessee also argued on the merits of the case. 10. He pointed out that revisionary power was exercised by the ld.Pr.CIT noting error

M/S. WINTOP VITRIFIED PVT. LTD.,,MORBI vs. THE PR. CIT-3,, RAJKOT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

263 of the ITA Nos.393,394,395, 397 & 398/Rjt/2018 Winsum Ceramic Pvt.Ltd. and 4 others vs Pr.CIT Asst.Year – 2015-16 Act. As such the learned PCIT directed the AO to conduct the enquiries to satisfy the conditions specified under section 68

M/S. WINMAX CERAMIC PVT. LTD.,WAKANER vs. THE PR. CIT-3, RAJKOT,, RAJKOT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

263 of the ITA Nos.393,394,395, 397 & 398/Rjt/2018 Winsum Ceramic Pvt.Ltd. and 4 others vs Pr.CIT Asst.Year – 2015-16 Act. As such the learned PCIT directed the AO to conduct the enquiries to satisfy the conditions specified under section 68

M/S. WINSUN CERAMIC PVT. LTD.,,MORBI vs. THE PR. CIT-3, , RAJKOT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

263 of the ITA Nos.393,394,395, 397 & 398/Rjt/2018 Winsum Ceramic Pvt.Ltd. and 4 others vs Pr.CIT Asst.Year – 2015-16 Act. As such the learned PCIT directed the AO to conduct the enquiries to satisfy the conditions specified under section 68

M/S. ORFINA CERAMIC PVT. LTD.,,MORBI vs. THE PR. CIT-3, , RAJKOT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

263 of the ITA Nos.393,394,395, 397 & 398/Rjt/2018 Winsum Ceramic Pvt.Ltd. and 4 others vs Pr.CIT Asst.Year – 2015-16 Act. As such the learned PCIT directed the AO to conduct the enquiries to satisfy the conditions specified under section 68

M/S. REX CERAMIC PVT. LTD.,,MORBI vs. THE PR. CIT-3, RAJKOT,, RAJKOT

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

263 of the ITA Nos.393,394,395, 397 & 398/Rjt/2018 Winsum Ceramic Pvt.Ltd. and 4 others vs Pr.CIT Asst.Year – 2015-16 Act. As such the learned PCIT directed the AO to conduct the enquiries to satisfy the conditions specified under section 68

M/S. SIMERO VITRIFIED P. LTD. ,MORBI vs. THE PR. CIT-3 , RAJKOT

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

section 263 of the Income-tax Act, 1961. On verification of the assessment records, it was noticed by the learned PCIT that 68